Japan intervened in the foreign-exchange market to support the yen, sending the currency up as much as 3% intraday, according to traders and local media. The yen strengthened to 155.57 per dollar, its strongest level since late February, before weakening to around 156.80 in New York trading. The move followed official warnings against excessive currency
On March 10, 2021, Strategy (formerly MicroStrategy) founder Michael Saylor encouraged investors to use leverage and even mortgage their homes to buy bitcoin ($BTC). Five years later, the company’s CEO Phong Le is talking about mortgages again, but this time in relation to buying Stretch (STRC) instead of $BTC. Le talked about STRC, a stock
Despite initial volatility following the Federal Reserve’s decision to hold interest rates, bitcoin reclaimed the $76,000 level, positioning it for a double-digit gain in April. Key Takeaways Bitcoin reclaimed $76,000 after the Fed’s rate pause, eyeing a 13% gain by the end of April. Volatility triggered $266 million in long liquidations, though OKX SG reports
Robinhood’s (HOOD) nearly 12% drop since its big earnings miss is being waived off by some big investors and Wall Street analysts. The popular trading platform missed its first-quarter earnings and revenue estimates on April 28, mainly due to weaker crypto trading activities. The market punished the stock on the miss, but Cathie Wood’s Ark
Elon Musk said most cryptocurrencies are scams during testimony in his lawsuit against OpenAI, where past plans for an ICO also surfaced, as reported by New York Times journalist Mike Isaac. Elon Musk explaining what cryptocurrency is to the jury: “Some of them have merit, but most of them are scams.” this is responding to
Anonymous cryptocurrency analyst Sherlock has provided a data-driven analysis of the frequently cited “sell in May” strategy for Bitcoin in the markets. Sherlock’s findings revealed that the classical approach wasn’t as statistically sound as previously thought, while a more specific variation yielded remarkable results. According to the analyst, the basic “sell in May” thesis doesn’t
Raoul Pal, a leading figure in the cryptocurrency world, joined Jamie Coots on the latest episode of “The Journey Man” to discuss the current state of the markets, liquidity cycles, and the short-term risks of Bitcoin. The duo offered a striking analysis of why cryptocurrencies are “stagnating” while technology stocks are hitting record highs. Jamie
Circle on Wednesday rolled out Nanopayments on mainnet, offering a gas-free $USDC payment rail designed to power AI agents, APIs, and machine-driven commerce. According to a blog post from the stablecoin issuer, the product enables $USDC transfers as small as $0.000001 with instant verification, settling across Arbitrum, Avalanche, Base, Ethereum, HyperEVM, Optimism, Polygon PoS, Sei,
Kevin Hassett warns that reappointing Jerome Powell to the Fed Board could delay or dilute Trump-era rate cuts, keeping crypto traders fixated on personnel-driven monetary policy. White House National Economic Council Director Kevin Hassett said that Federal Reserve Chair Jerome Powell’s reappointment as a governor “may affect interest rate cut decisions,” injecting new uncertainty into
Agora applies for US federal trust bank charter to directly issue stablecoins, a move that could fundamentally alter the fiat-to-crypto conversion landscape. The cryptocurrency startup submitted its application to the Office of the Comptroller of the Currency (OCC) last week, as reported by CoinDesk. If approved, this charter would allow Agora to operate under direct