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Key takeaways:Rising bond yields reflect growing concern about fiscal stability and inflation, leading some investors to question US Treasury’s traditional role as a safe-haven asset.Bitcoin defies conventional risk models, rising not despite worsening macro conditions, but possibly because of them.…
Bitcoin broke all previous records over the past 24 hours, hitting a new all-time high of $111K.This is particularly remarkable if we remember that $BTC was still languishing around $75K in early April. This marks a 50% increase in under two months.$BTC’s newfound momentum seems to have rubbed off o…
Today in crypto, Changpeng Zhao has responded forcefully to The Wall Street Journal’s latest report linking the former Binance CEO’s crypto dealings with the Trump-back decentralized finance platform World Liberty Financial, United States Commodity Futures Trading Commission (CFTC) Commissioner Summ…
By Dow Jones Newswires StaffEuropean markets followed Asia lower Thursday, burdened by concerns about the rising cost of U.S. debt following a weak U.S. bond auction that sent U.S. Treasury yields higher.Stocks in Asia and Europe fell, while U.S. stock futures were trading either side of flat after …
By Katy BarnatoStock futures suggest the market could stabilize Thursday after yesterday's sharp pullback. Bitcoin notched a new intraday high, extending a rally that gained extra momentum this week after the Senate voted to advance a bill aimed at regulating stablecoins.Meantime, another bill is in…
After weeks of speculation among crypto enthusiasts and news outlets, Tron founder Justin Sun has claimed he owns the wallet that purchased the largest amount of Donald Trump’s memecoin, allowing him to qualify for a dinner and reception with the US president.In a May 19 X post, Sun said he had rece…
The U.S. Securities and Exchange Commission pushed back deadlines for a few proposals on whether to approve exchange-traded funds tracking XRP and Dogecoin.The SEC asked for public comments for the 21Shares Core XRP Trust, the Grayscale XRP Trust, and the Grayscale Dogecoin Trust, according to filin…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Tuesday! On the latest episode of The Crypto Beat podcast, PayPal's digital asset chief Jose Fernandez da Ponte sat down to discuss its crypto vision — from PYUSD and payment use case…
With crypto assets quietly moving off exchanges and important metrics pointing away from overheated conditions, the momentum seems to be far from being exhausted.Several factors are at play, which suggest a growing case for the rally’s continuation.Market Sentiment Tilts BullishOver 3,090 BTC, which…
The US Securities and Exchange Commission’s sole Democratic Commissioner has said the agency is “playing a game of regulatory Jenga” with its approach to the crypto industry and market regulation under the Trump administration. In May 19 remarks at the SEC Speaks event, Commissioner Caroline Crensha…
U.S. senators are preparing to vote Monday on whether to advance landmark stablecoin legislation, following new Democratic support for the bill after earlier negotiations failed.The Senate will hold a cloture vote — a procedural step to advance legislation — on the Guiding and Establishing National …
An unprecedented surge in the Philadelphia Federal Reserve’s May Manufacturing Business Outlook Survey has jolted global risk markets and given crypto asset traders their clearest macro catalyst of the year. The Future New Orders diffusion index leapt by forty-plus points, a move that Julien Bittel,…