CRYPTO
Trump-linked WLFI hits new low as token-backed loan triggers concern
WLFI fell to a record low after it was revealed that the project used billions of its own tokens as collateral to borrow $75 million in stablecoins. WLFI, the native token of the Donald Trump–backed World Liberty Financial platform, sank to an all-time low on Saturday as crypto users expressed […]
The bitcoin market is splitting in two. Here’s who is buying and selling amid the war
Six weeks of war have revealed that bitcoin’s floor depends entirely on a handful of mandated buyers absorbing what everyone else is trying to get rid of. What to know: Six weeks of war have split the bitcoin market into two camps. The institutional buyers who keep accumulating regardless of […]
Bitcoin community weighs in on reports of Iran’s crypto toll for oil ships
Alex Thorn, an executive at crypto investment firm Galaxy, said it is monitoring onchain activity for signs of an oil tanker fee paid in BTC. The Bitcoin (BTC) community is discussing the feasibility and implications of the Iranian government accepting BTC for tolls paid by oil tankers crossing the Strait […]
The magic word for digital assets adoption and success: choice
For the digital asset ecosystem of the future to flourish, investors need options, explains Sullivan. Digital assets have moved well beyond the hype cycle. What began as an experiment in decentralized value transfer has evolved into a serious conversation about how capital markets, custody, settlement and asset ownership could be […]
Strategy added another 4,871 bitcoin for $330 million, with holdings nearing 767,000 BTC
Last week’s purchases were mostly funded via sales of the company’s STRC preferred stock. What to know: Michael Saylor’s Strategy (MSTR) added 4,871 bitcoin to its treasury over the past week at an average price of roughly $67,718 per coin, spending approximately $329.9 million, according to a Monday filing. The purchase […]
U.S. Treasury proposes demands that stablecoin firms be set to police bad transactions
The U.S. is pitching new rules for stablecoin issuers to treat them like every other financial firm that must maintain armor against illicit uses. What to know: Afirm issuing stablecoins in the U.S. would have an array of new duties to head off criminals and keep government watchdogs informed about […]
White House study bolsters crypto’s stance in stablecoin yield fight against bankers
White House economists said banning rewards wouldn’t significantly boost banks’ financial health, amplifying the crypto industry view in the Clarity Act debate. What to know: A White House report released Wednesday directly challenges the banking industry’s claims that stablecoin yields would drain deposits and weaken lending to households and small businesses. […]
Trump-Witkoff Crypto Gave Legitimacy to a Human Trafficking Linked Network
Freddie Ponton21st Century Wire A Trump-branded crypto venture has quietly wandered into the blast radius of one of the ugliest scam-and-trafficking stories on the planet, and now the paper trail is catching up. What the new Guardian Australia and OCCRP investigation reveals, in simple terms, is that people tied to […]
CZ says SBF asked for billions ‘like a Bologna sandwich’ as FTX collapsed
In his new memoir, Changpeng Zhao reveals he signed the FTX letter of intent as a formality and calls Caroline Ellison’s $22 floor price offer a “fatal mistake.” What to know: Binance founder Changpeng Zhao (CZ) says Sam Bankman-Fried asked him for “a couple of billion dollars nonchalantly, as if […]
Iran to Accept Bitcoin for Strait of Hormuz Transit as Ceasefire Takes Hold
Iran plans to charge ships Bitcoin tolls to pass through the Strait of Hormuz, tying the cryptocurrency to a key global energy chokepoint. Iran plans to require shipping companies to pay transit tolls in Bitcoin for vessels passing through the Strait of Hormuz, according to a Financial Times report. This links bitcoin […]
