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Bitcoin and U.S. equities made moves upwards on Friday as the latest Personal Consumption Expenditures (PCE) index showed inflation rising in line with expectations, reinforcing investor optimism about potential Federal Reserve rate cuts later in the year.The PCE index, the Fed’s preferred measure o…
Business intelligence company MicroStrategy announced the pricing of its Jan. 30 offering by selling 7.3 million shares of 8% Series A perpetual strike preferred stock, also known as STRK, at a public offering price of $80 per share. That's nearly threefold of the 2.5 million shares the company inte…
The Arkansas Senate’s City, County and Local Affairs Committee voted against a bill that set out to prohibit crypto mining businesses from being established within 30 miles of military facilities, according to a report by The Arkansas Democrat-Gazette.The bill, which was rejected Thursday by six vot…
Correction (Jan. 30, 20:45 UTC): The events below took place on Raydium, not Pump.fun, though it involved a coin created on Pump.fun. Crypto wallets linked to the recently pardoned Silk Road creator Ross Ulbricht appear to have shed $12 million in value on Raydium, according to Arkham Intelligence. …
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Thursday! What a difference a day makes, with bitcoin prices rebounding following the Fed's decision to hold rates steady and Chair Powell's comments that banks are welcome to serve c…
Hedge fund Elliott Management says the "inevitable collapse" of the crypto bubble "could wreak havoc in ways we cannot yet anticipate," according to an investor letter seen by Financial Times.The hedge fund led by Paul Singer said "crypto is ground zero" for the speculative surge across all markets,…
A subsidiary of the New York Stock Exchange made its move on Thursday to convert Grayscale's XRP Trust to a spot exchange-traded fund.NYSE Arca posted a 19b-4 filing to convert that trust and said Coinbase Custody Trust Company, LLC would be the custodian and the administrator and the transfer agenc…
The parents of Sam Bankman-Fried are looking to get their son a pardon from President Donald Trump, but it's not certain whether they've reached out to the White House yet, reports Bloomberg, citing a person familiar with the matter. Joseph Bankman and Barbara Fried's move to free Sam follows other …
European Central Bank (ECB) president Christine Lagarde said bitcoin is not an option for the eurozone’s central bank reserves, citing concerns over liquidity, security and regulatory scrutiny.Speaking at the official press conference following the ECB’s latest 25-basis-point interest rate cut on Th…
Business intelligence company MicroStrategy is the largest corporate holder of bitcoin, which has led to a 570% surge in MSTR's share price over the past year. Mizuho Securities believes the price of bitcoin has room to run another 30% in the next three years, which is why the firm has slapped a new…
Czech National Bank Governor Aleš Michl is set to submit a plan to allocate as much as 5% of its €140 billion ($146 billion) of reserves to bitcoin, according to The Financial Times.Michl told the FT he will present the bitcoin investment plan to the central bank’s board on Thursday to diversify its…
Paradigm co-founder Matt Huang announced that the crypto venture capital firm will donate $1.25 million to support Tornado Cash developer Roman Storm in his legal defense against U.S. prosecution.“The prosecution’s case threatens to hold software developers criminally liable for the bad acts of thir…