Stablecoins have crossed a threshold that traditional finance can no longer dismiss. The global stablecoin market now exceeds $300 billion in market capitalization. Annual transaction volume has approached $15 trillion, a figure comparable to Visa’s yearly payment volume. What began as a settlement tool for crypto traders now processes value at a scale that rivals
Securitize announced a partnership with Currenc Group (Nasdaq: CURR) to tokenize the company’s ordinary shares on Ethereum and Solana. The move comes as Securitize was recently named the first digital transfer agent in the NYSE’s onchain securities initiative. Tokenized shares will enable 24/7 trading, lower costs, fractional ownership, and DeFi integration. The partnership represents a
A cluster of traders on cryptocurrency betting platform Polymarket walked away with outsized gains after correctly betting on a sudden U.S.–Iran ceasefire announced on April 7. The nature of the trades has raised questions regarding the identities of the traders and the possible use of insider information to place bets. On-chain data shows that four
Although a two-week ceasefire was reached between the US and Iran, the war’s impact on the US economy by driving up oil prices has increased. This has raised the risk of inflation and pushed back the possibility of a Fed interest rate cut until the end of the year. Besides postponing the move, it has
Bitcoin has pulled above $70,000 on news of the Iran ceasefire, but the rally is, for now, fairly cautious. There may be good reasons for that. One of the more reliable signals for gauging where bitcoin may be headed comes from tracking margin long positions on Bitfinex. These positions, which reflect bullish bets funded with
Morgan Stanley Investment Management has finally launched its spot Bitcoin exchange-traded fund (ETF). The product, called Morgan Stanley Bitcoin Trust (MSBT), will trade on NYSE Arca and aims to provide investors with regulated exposure to Bitcoin through a traditional investment vehicle. Notably, the fund represents the first cryptocurrency ETP offered by a U.S. bank-affiliated asset
A large trader, commonly referred to as a whale, executed two high-impact positions across different markets. The trades included a $60 million 5x short on oil and a $16 million 10x long on Bitcoin. What makes this move remarkable is the timing—both positions were placed just before a major geopolitical announcement that shifted market direction.
Adam Back has denied claims that he is Satoshi Nakamoto after a New York Times story argued that the British cryptographer is the strongest candidate yet for Bitcoin’s pseudonymous creator. In a post on X after the article was published, Back said his long record in cryptography, privacy tools and electronic cash research explains why
Standard Chartered is reportedly weighing a restructuring of its majority-owned crypto custodian Zodia Custody, as large banks look to bring more digital asset infrastructure inside their core banking operations. The United Kingdom-based lender plans to fold Zodia’s crypto custody business into a division inside its corporate and investment bank that already offers similar services, while
Cathie Wood’s ARK Invest has increased its exposure to Robinhood Markets, purchasing roughly $13 million worth of shares after the trading platform secured a role in a new government-backed savings initiative. ARK’s Tuesday trade disclosures show a fresh accumulation of Robinhood shares across multiple funds. ARK Innovation ETF (ARKK) led the charge, purchasing 132,116 HOOD