In brief The IMF said crypto flows in Nepal grew markedly between 2019 and 2024 despite a legal ban, peaking above 13% of GDP in 2021. It urged Nepal to regulate crypto under international standards, warning of capital-control evasion and deposit outflows. An expert told Decrypt that trading and remittances keep crypto alive in banned
Nasdaq-listed company Nakamoto (ticker: NAKA) has sold 600 Bitcoin and related derivatives to repay outstanding debt, the firm announced in a press release. The transaction reduces the company’s total Bitcoin holdings to 4,467 $BTC, marking a notable shift in its corporate treasury strategy. Debt Reduction Through Bitcoin Liquidation Nakamoto, which has been strategically accumulating Bitcoin
Over the past weeks, Bitcoin has declined significantly in price, putting the market in fear as many retail and institutional traders begin to take extreme caution. While Bitcoin’s downtrend had persisted, the asset saw a major decline during the last week when it plunged to an extreme low of $59,000. Bitcoin drops within 9% of
Digital Asset Holdings has raised $355 million in a new round led by Andreessen Horowitz’s crypto arm, highlighting Wall Street’s accelerating push into permissioned blockchain infrastructure. A16z crypto contributed $100 million, alongside 7RIDGE, the Abu Dhabi Investment Authority, Citadel Securities and Optiver, in a deal that values Digital Asset at around $2 billion, according to
In brief U.S. spot Bitcoin ETFs have shed $2.1B in June, pacing May’s $2.4B total outflows. Net assets declined $33B from $109B to $77B in the past month, in line with Bitcoin’s 27% drop. Analysts argued that the pace of ETF outflows is “exhausting rather than building,” but offered differing views on what could turn
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1687.72, up 1.6% (+26.8) since 4 p.m. ET on Wednesday. All of the 20 assets are trading higher. Leaders: UNI (+4.5%) and SOL (+2.6%). Laggards: CRO (+0.3%) and NEAR
Citigroup is launching a new way for wealthy and institutional investors to buy stakes in private companies using blockchain technology as part of a broader push by major banks to bring traditional financial assets onto digital asset networks. The bank on Thursday unveiled what it called Digital Depositary Receipts, a product that allows investors to
Ondo Finance has hired former Invesco ETF executive and Grayscale managing director John Hoffman to expand its tokenized investment products beyond stocks and Treasury notes. Hoffman joins the firm as managing director and head of product portfolios after serving as head of distribution and partnerships at Grayscale Investments, best known for its digital asset funds.
Bitcoin exchange-traded funds (ETFs) have suffered nearly $5.75 billion of outflows since mid-May, fueling speculation that institutional investors are cashing out of crypto to prepare for the highly anticipated SpaceX IPO. The selling pressure drove bitcoin to a 2026 low below $60,000 in the first week of June, more than 50% below its all-time high