On August 27, 2026, BitGo announced that it has acquired NYDIG’s institutional trading unit, which has enabled one of the largest regulated custodians within the crypto sector to gain a pre-existing derivatives and finance operation amid the ongoing trend of banks and funds consolidating their digital asset activities with fewer infrastructure partners. Following this acquisition,
Bitcoin traded around the $80,000 mark in Asian hours Friday after a nearly 2% gain over 24 hours and an overnight run to $81,280, with traders squaring up before Fed Chair Kevin Warsh’s first Jackson Hole keynote later in the day. Jackson Hole is the Kansas City Fed’s annual symposium in Wyoming, where the chair’s
Bitcoin’s latest rally appears to be driven partly by short covering rather than fresh leveraged positions, according to QCP Research. Open interest has fallen as $BTC advanced, while strong spot ETF inflows have provided additional demand, the firm noted. Spot demand is also strengthening, with QCP noting that ETF inflows are nearing the 95th percentile
A New York Federal Reserve study found that dollar stablecoins are more likely to flow into wallets tied to countries experiencing currency or banking crises. Wallets linked to countries experiencing some form of financial crisis were 1.8% more likely to receive dollar stablecoins during the week a crisis began, researchers Pablo Azar, Maryam Farboodi and