CRYPTO
Iran Launches Bitcoin-Settled Maritime Insurance for the Strait of Hormuz
Iran launched ‘Hormuz Safe,’ a state-backed maritime insurance platform settling in Bitcoin. Meanwhile, the US 30-year yield hit 5.16%, Japan’s 10Y broke 2.80%, and Ken Griffin admits AI is replacing PhD teams at Citadel. Sup, freaks.Iran just launched a state-backed maritime insurance platform for the Strait of Hormuz that settles […]
Crypto market structure bill clears committee, but concerns abound before Senate vote
Some Democrats in the banking committee attempted to get Republican support on amendments related to ethics, none of which made it to the final bill on Thursday. The US Senate Banking Committee advanced a long-awaited digital asset market structure bill with bipartisan support, but Republicans still need Senate Democrats’ votes […]
Bukele’s Futuristic BINAES Library Blends Books, Bitcoin, and Family Play in Revitalized Capital
Located in the heart of the country’s capital, El Salvador’s BINAES library stands tall as a monument to the love of knowledge, literature, and technology—accessible to the public 24 hours a day, for free. Positioned directly in front of and carefully aligned with the Catedral Metropolitana de San Salvador, BINAES […]
Spot Bitcoin ETFs bleed $1B in a week, snapping six-week inflow run
Spot Bitcoin ETFs shed $1 billion in a single week as capital rotated toward AI stocks and macro uncertainty weighed on sentiment, ending a six-week run that had pulled in $3.4 billion. Spot Bitcoin exchange-traded funds (ETFs) recorded $1 billion in weekly net outflows, ending a six-week inflow streak that […]
Saudi Arabia is tokenizing its multi-trillion dollar economy to protect its wealth from global shocks
The chairman of droppRWA has secured $12.5 billion in mandates to tokenized real estate and his plans are to go beyond properties to bring trillions of dollars onchain. In an extensive interview with CoinDesk, Faisal Monai said that while the world is still debating tokenization, Saudi Arabia will have proven […]
‘Bitcoin transactions can be monitored’: Ray Dalio explains why central banks won’t touch BTC
Ray Dalio joins the privacy debate, saying Bitcoin’s full transparency makes it less likely to be adopted by central banks. What to know: Bitcoin’s transparency was once considered one of its greatest strengths. Now, Ray Dalio says, it may be the very reason central banks won’t adopt it as a […]
Bitcoin’s bull-bear cycle indicator turns green for first time since March 2023
While some experts point to $90,000 as the next explosive level, others caution that this new “early bull” signal isn’t a guaranteed crystal ball. What to know: Cryptoquant’s bitcoin bull-bear cycle indicator turned green for the first time since 2023, which could signal that “the market structure is beginning to […]
Square Crosses 1 Million Bitcoin-Enabled Merchants as Real-World Adoption Continues to Grow
Block, Inc.’s Square has auto-enabled roughly 1 million U.S. merchants to accept Bitcoin payments via the Lightning Network, letting customers pay in BTC while merchants automatically receive USD settlements with near-instant conversion in the background. Block Inc.’s (XYZ) Square has crossed a threshold of roughly 1 million merchants now enabled […]
Kraken Partners With MoneyGram to Enable Crypto Cash-Outs at 500,000 Locations Worldwide
Kraken will let users convert crypto into cash at MoneyGram locations across more than 100 countries, expanding access between digital assets and physical cash networks. Kraken will allow customers to convert cryptocurrency into cash at MoneyGram locations across more than 100 countries, addressing a longstanding gap in the digital asset […]
State Street and Galaxy launch tokenized fund to bring cash management onchain
The fund lets institutions earn yield on stablecoins while moving cash onchain with round-the-clock access. What to know: State Street Investment Management and Galaxy Asset Management (GLXY) have launched a tokenized fund designed to move a core piece of finance — cash management — onto blockchain networks, the firms said […]
