South Korea’s CBDC initiative, Project Hangang, is set to advance to a more advanced stage. According to a recent report from ETNews Korean Edition, the country’s existing mobile banking and account infrastructure is being integrated with the digital currency system. The plan calls for participating banks to issue deposit tokens that are secured by a
Franklin Templeton’s USPX ETF is no longer confined to brokerage accounts and traditional exchanges. Through a new listing on Mantle, the asset manager’s exposure is now accessible as a tokenized representation on an Ethereum layer-2 network, as announced in the original report. The listing, executed via the xStocks platform under the ticker USPXx, marks one
Spot Bitcoin and spot Ethereum ETFs traded in the US recorded net outflows for the fourth consecutive day due to decreased investor risk appetite. According to data shared by SoSoValue, on June 23, a total of $114 million in net outflows occurred from spot Bitcoin ETFs and $82.35 million from spot Ethereum ETFs. The most
Elon Musk’s SpaceX has on Tuesday marked the rocket and satellite company’s inaugural bond sale, after it raised at least $25 billion in a senior unsecured notes offering less than two weeks after going public in a record IPO. As previously reported by Cryptopolitan last week, the debt sale was said to be in preparation
Warsh-Led Fed Reprices Rate Expectations as Inflation Risks Move Higher Crypto markets entered a tighter liquidity environment after the Federal Reserve held rates steady while signaling a firmer stance on inflation. Wintermute, a crypto market maker and liquidity provider, said the shift created a more challenging backdrop for digital assets reliant on sustained capital inflows.
In its first earnings report since its May IPO, Cerebras Systems (CBRS) is lower by 11% in after-hours trading after guiding to lower profit margins next quarter. First-quarter revenue nearly doubled from the year-ago level to $193.4 million, and the company’s adjusted net loss of $2.5 million beat analyst forecasts of $36.75 million. For the
Nouriel Roubini, the economist known as “Dr. Doom” for predicting the 2008 financial crisis and who later became one of crypto’s most vocal critics, is making his first move into blockchain-based finance. Roubini co-authored a whitepaper for USAFi, a tokenized investment product being developed by Atlas Capital Team, according to a Tuesday announcement. USAFi is
Crypto analyst Ali Martinez shared notable technical and on-chain levels for Bitcoin and Ethereum. According to Martinez, the $60,000 region is critical for maintaining the current trend in Bitcoin. The analyst noted that, according to on-chain data, more than 1.3 million $BTC changed hands between $60,000 and $63,000. Martinez emphasized that this region represents one
Bitcoin price has confirmed a bearish head-and-shoulders breakdown, putting the $60,000 support zone under pressure as traders react to easing Middle East tensions and persistent institutional selling. According to data from crypto.news, Bitcoin ($BTC) price dropped from an intraday high near $64,500 to a low of $61,990 on June 23 before stabilizing around the $62,000
Bitcoin is down more than 50% from its all-time high. Miners are shutting off machines. Capital that spent years flowing into crypto is chasing AI stocks instead. And the question being asked across every corner of the market right now is the same one it always is at moments like this: is it ever going