Bitfire stablecoin ambitions are accelerating even as the Hong Kong crypto firm posts a HK$245 million half-year loss. Bitfire reported a profit warning on May 21 disclosing a net loss of up to HK$245 million ($31.28 million) for the six months through March 2026. The loss is nearly 19 times larger than the HK$12.3 million
Bitcoin’s seemingly stable and dull price moves over the past couple of days came to an end hours ago as the asset initiated a notable leg down that drove it to a new multi-week low of well under $76,000. The latest rejection came just hours after Kevin Warsh officially became the seventeenth Chairman of the
Hamilton ETFs filed a preliminary prospectus in Canada for an actively managed Bitcoin income exchange-traded fund (ETF) that would use leverage and short-term options strategies to generate yield alongside Bitcoin exposure. The proposed Hamilton Enhanced Bitcoin DayMAX ETF would use covered-call strategies and leverage capped at roughly 25% of net asset value. The strategy is
A recent TradingView technical outlook suggests Bitcoin remains locked beneath a stubborn upper trendline resistance that continues to suppress bullish momentum. Despite several recovery attempts, $BTC has repeatedly failed to break through the resistance zone, causing speculations that the price could push below $60,000. Bitcoin Trapped Beneath A Heavy Ceiling The TradingView chart highlights how
Cross-chain infrastructure platform Squid has secured $6 million in a strategic funding round, with participation from Ripple, signaling growing institutional interest in blockchain interoperability solutions. The round was led by North Island Ventures, with additional backing from Dialectic and Borderless. Funding Details and Growth Trajectory This latest injection brings Squid’s total funding to $13.5 million
The International Holding Company (IHC) executed a 110 million dirham ($30 million) transaction using the DDSC stablecoin on ADI Chain. The company described the transfer as one of the largest disclosed stablecoin transactions executed in the United Arab Emirates. The transaction follows recent approval from the UAE central bank for the dirham-backed stablecoin ecosystem launched
The Bitcoin community celebrated the 16th anniversary of “Pizza Day” on Friday, marking the first recorded commercial Bitcoin transaction, in which real-world goods were purchased with Bitcoin. In May 2010, software developer Laszlo Hanyecz published an online post offering 10,000 $BTC, which was valued at about $41 at the time, in exchange for two Papa
Steve Erlick and senior macroeconomics analyst Noel Acheson discussed the historic change in FED leadership and its potential impact on cryptocurrency markets. The discussion focused on the future of the markets in light of Jerome Powell’s term ending and Kevin Warsh’s expected succession. Noel Acheson, author and analyst for the Crypto Is Macrone newsletter, discussed
Crypto analytics platform CryptoQuant has noted a renewed increase in activity in the $XRP futures market. According to data shared by the company, the amount of open interest for $XRP on Binance has risen to approximately $488.3 million, reaching one of the highest levels in the last two months. According to CryptoQuant data, open interest
Institutional crypto activity grabbed market attention again after BlackRock transferred massive digital assets to Coinbase. According to OnchainLens, the asset management giant deposited 1,587 $BTC worth $122.55 million and 17,815 $ETH worth $37.79 million into Coinbase. The move immediately sparked speculation across the crypto market. Traders now wonder whether BlackRock plans further ETF-related adjustments or