A hotter-than-expected April inflation report has put Bitcoin back at the center of the Federal Reserve trade, reviving the higher-for-longer rates problem that has capped crypto markets for much of the year. The Bureau of Labor Statistics (BLS) reported on May 12 that headline CPI rose 3.8% year over year in April, above the 3.7%
BlackRock Inc. (NYSE: BLK) accelerated its Bitcoin ($BTC) and Ethereum ($ETH) sell-off on May 13 amid rising risk of crypto capitulation. BlackRock deposited 861 $BTC, worth approximately $69.59 million, to Coinbase Prime on Wednesday, according to on-chain data from Arkham Intelligence. Additionally, the management firm sent 44,691 $ETH, valued at around $103.15 million, to Coinbase
Societe Generale said its digital assets subsidiary Societe Generale-FORGE will deploy EUR and USD CoinVertible stablecoins on the Canton Network and support tokenized collateral and repo financing activity on the network. The Paris-based bank said it plans to use the network for collateral management and short-term financing transactions tied to tokenized assets. It added that
In brief The U.K.’s central bank is treating stablecoins as “a new form of money” in the debate between tokenized deposits and stablecoins. The Bank of England and Financial Conduct Authority are gearing up to accept applications from would-be stablecoin issuers in the U.K. The BoE will regulate “systemic” stablecoins that are widely used in
Bitcoin just fell below $80,000 as a hotter-than-expected US inflation print pushed crypto and equities lower. $BTC price slipped from the low $81,000 area into $79,706, with the session low marked near $79,557. The break turned $80,000 from a round-number reference into the first tactical line for intraday structure. Bitcoin price decline alongside rising US
After several failed attempts to rally above $82,200 over the past seven days, Bitcoin ($BTC) price fell below its psychological support level around $80,000 on May 13, amid low demand in the United States. Bitcoin price has dropped nearly 3% over the past 7 days, trading at about $79,340 at press time. The flagship coin
Metaplanet (3350), Japan’s largest corporate bitcoin holder and the world’s third-largest bitcoin treasury company holding 40,177 BTC on its balance sheet, has confirmed a delay in its planned preferred share listing. CEO Simon Gerovich discussed the complexity of navigating Japan’s underdeveloped preferred equity market as the primary reason for the hold-up. The company’s planned instrument
Network News “ALPENGLOW” UPGRADE LIVE FOR TESTING ON SOLANA: Solana developer Anza said that Alpenglow, the network’s biggest proposed consensus overhaul to date, is live on a community test cluster, marking a major step toward a potential mainnet rollout. The update means validator operators can now test software designed to move Solana from its current
Welcome to our institutional newsletter, Crypto Long & Short. This week: Dovile Silenskyte provides an alternative to the “bitcoin as a risk asset” narrative. Joshua de Vos shares insights and analysis on global exchanges. Top headlines institutions should pay attention to by Francisco Rodrigues. CoinDesk 80 Leads as Crypto Outperforms Across Asset Classesin Chart of