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Binance boss Richard Teng says everyone needs to chill about Bitcoin’s big drop. Speaking in Sydney, he told reporters the 35% slide from October’s $126,000 peak to around $82,000 is just normal risk off deleveraging you see across all markets right now, not some crypto only meltdown. Bitcoin’s one year
Binance Japan just got a lot friendlier for everyday users. PayPay, the huge mobile payment app run by SoftBank, now lets people buy and sell crypto on Binance Japan straight from their PayPay Money balance. It’s the first time Binance Japan offers anything besides plain old bank transfers in yen.
The SEC’s Crypto Task Force is hosting a big crypto privacy roundtable on December 15 to talk about privacy in crypto and how it fits with the usual money monitoring rules. It’s not a rule making session, just an open chat between regulators and industry folks. And it will be
Bitcoin-related exchange-traded funds in the U.S. are going through a very tough time in the month of November, with their performance being at its lowest level since the funds were introduced in January 2024. The November withdrawals have amounted to $3.79 billion, which is significantly higher than the record of
Michael Saylor’s Strategy faces the risk of being dropped from major equity benchmarks such as the Nasdaq 100 and MSCI USA indices. Such a move might result in a total of around $2.8 billion in investor outflows if MSCI goes ahead with the delisting, as per the latest evaluation. Leading
BlackRock has registered its iShares Staked Ethereum Trust in Delaware, an important step forward for staking-type crypto investment products. Bloomberg analyst Eric Balchunas noted that the registration could soon lead to a formal filing under the Securities Act of 1933. BlackRock has previously gone through the same process for both
Bitwise Asset Management is going to launch its XRP exchange-traded fund on Thursday morning, right after the New York Stock Exchange opens for trading. The fund will be listed under the ticker “XRP,” which is the same as the cryptocurrency, thus resulting in a debate within the digital asset community.
According to crypto entrepreneur Mike Alfred, the U.S. will hold off on buying Bitcoin to add to its strategic reserve until foreign competitors decide to go ahead with their purchases. Alfred is of the opinion that American officials will be compelled by foreign pressure to take the initiative in the
The American-based crypto exchange Kraken has successfully completed an $800 million fundraising campaign, lifting its corporate valuation to an impressive $20 billion. The investment comes in two separate funding tranches and reflects revived investor confidence in the growth plans for the digital asset trading platform. Strategic Partnerships Drive Funding Round
Investors in Bitcoin exchange-traded funds in the United States are now collectively underwater for the first time since these products were launched, according to market intelligence company Glassnode. Bitcoin plunged below $89,600 on Tuesday, causing the average entry price for all spot Bitcoin ETFs to move underwater. Some early adopters
