Y Combinator, the influential Silicon Valley startup accelerator, has introduced a new initiative called ‘YC Crypto Deals’ aimed at providing blockchain and crypto infrastructure support to its portfolio companies. The program brings together major industry partners including Coinbase, Stripe, Circle, the Ethereum Foundation, the Solana Foundation, Tempo, and Phantom to offer resources such as ecosystem
The cryptocurrency market witnessed a significant move this week as BitForex founder Garrett Jin opened a substantial leveraged long position on Bitcoin. According to on-chain analytics firm Lookonchain, Jin opened a 5x long position worth 504.4 BTC, valued at approximately $59.11 million at the time of the trade. Details of the Trade Lookonchain reported the
In early 2020, Michael Saylor had $500 million sitting in cash earning nothing. The Federal Reserve had cut interest rates to zero and signaled they would stay there. For Saylor, it wasn’t just policy. It was a constraint. “We were making $25 million a year and then all of a sudden we’re making zero,” Saylor
Boerse Stuttgart Group’s tokenized securities settlement platform Seturion has partnered with Societe Generale, its crypto subsidiary SG-Forge, and online broker flatexDEGIRO to build out a blockchain-based securities settlement system across Europe. Under the plan, Societe Generale will issue tokenized structured securities, such as turbo warrants and investment certificates, on Seturion, according to a Thursday announcement.
Bitcoin ($BTC) is embarking on a recovery, trading above $78,000 on Thursday after support around the key Exponential Moving Averages (EMAs) earlier this week. The leading cryptocurrency is up by nearly 2% in the last 24 hours. Significant outflows from Bitcoin ETFs, including approximately $648 million in net redemptions on May 18, led by BlackRock’s
The tariff refund trade has moved from court hypothesis to Treasury accounting, and the macro picture looks more consequential than traders initially framed it, with traders increasingly watching whether the process can improve Bitcoin price’s macro outlook. The US Customs and Border Protection had processed $35.46 billion in tariff refunds as of May 11, including
US President Donald Trump signed a new executive order this week that is of critical importance for cryptocurrencies. In this order, Trump instructed the government and the Federal Reserve to review the access of cryptocurrency companies to payment systems. The FED soon presented a proposal on the matter, taking a significant step. According to the
Bitcoin options worth roughly $6.25 billion are set to expire on Deribit on May 29, with positioning data pointing to $75,000 and $80,000 as the key levels to watch. The $75,000 strike carries the heaviest put concentration at $394 million in notional value, while $80,000 dominates on the call side with $532 million The max-pain
Syndicate Labs announced it is winding down after five years of developing onchain infrastructure for customizable Ethereum rollups and sequencers, citing a shrinking market for rollups. The company said on Thursday on X that the decision was necessary because “the rollup market has fundamentally shifted.” “Unfortunately, the rollup market has shrunk dramatically. For every new
Bitcoin ($BTC) demand on Coinbase points to early signs of market stabilization as $BTC reclaimed the upper bounds of its range highs. The 14-day trend of the Coinbase Premium Index has remained in an uptrend, suggesting steady buyer interest despite traders taking $1.14 billion in profits, which pushed the daily Coinbase premium to a six-week