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
Gold and Bitcoin exchange-traded funds (ETFs) drew roughly $7 billion over five US trading sessions, a record combined haul that puts both assets at the center of a renewed investor push for protection against currency weakness and mounting fiscal pressure. About $3.4 billion of this capital went into SPDR Gold Shares (GLD) while BlackRock’s iShares
The Wall Street Journal reported that Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser, holds a 49% stake in the banking venture of World Liberty Financial ($WLFI), the crypto project associated with the Trump family. The report identifies Sheikh Tahnoon as a key backer and shareholder of the U.S. bank that $WLFI
BlackRock cut the minimum for converting privately held Bitcoin into IBIT shares from $25 million to $1 million, while Bitwise lowered its floor from $100 million to $3 million. While this might sound like a niche development for a small number of institutional users, it signals that custody is no longer just a slogan for
Virtu Financial, M1X Global and Tradeweb completed an onchain repo transaction using a sovereign digital bond as collateral, with the full transaction settling on the Canton Network. The transaction used USDM1, a US dollar-denominated sovereign bond issued onchain by the Republic of the Marshall Islands and backed 1:1 by short-term US Treasurys. The bond pays
Matt Cole, CEO of Strive Asset Management, has projected that Bitcoin could exceed $500,000 within the next four to five years. In a recent interview, Cole argued that the U.S. dollar’s purchasing power will decline more rapidly in the coming years than it has over the past decade and a half, a trend he believes
Mantle has accumulated about $880 million in stablecoins and tokenized assets as its onchain product range has expanded across equities, Treasuries, funds and yield-bearing assets. Mantle’s asset base approaches $880 million Blockworks Research data shows that Mantle’s stablecoin circulating supply has reached approximately $550 million, while tokenized assets on the network account for another $330
US President Donald Trump’s family-linked crypto ventures have left investors at least an estimated $4.7 billion underwater while generating about $1.4 billion for the president in 2025, according to Public Citizen. Trump crypto losses reached an estimated $4.7 billion Public Citizen estimated investor losses across five Trump-linked products, including the Official Trump memecoin, World Liberty