Key takeaways: Aggressive Bitcoin buying by Strategy helped to offset the recent leveraged long liquidations. Rising bond yields and a heavy US government debt burden are driving investors toward scarce assets. A potential deal between the US and Iran could quickly restore traders’ risk appetite. Bitcoin (BTC) faced a rejection following a failed attempt to…
Bernstein analysts said Friday that Figure Technology Solutions’ first-quarter earnings report shows that the fintech is fast becoming a company that is unique among blockchain marketplaces. Figure’s May 11 earnings report soundly beat Wall Street estimates on both revenue and EBITDA, with a business that seeks to turn real-world credit assets into blockchain-native instruments that…
Bitcoin treasury company Strategy announced on Friday that it will repurchase $1.5 billion in 0% convertible notes, due in 2029, retiring about half of the 2029 convertible note tranche’s total outstanding debt. Strategy entered into “privately negotiated transactions” with a portion of its 0% senior convertible note holders on Thursday, agreeing to repurchase the debt…
Layer-1 blockchain developer Solayer launched a Visa-compatible payment card that allows users to spend USDC balances through in-store, online and contactless transactions. The card supports ATM withdrawals in supported regions and can be ordered through the Solayer Pay app, according to the announcement. Existing users can request the card for free, while new users pay…
A US federal judge has sentenced the former chief revenue officer of defunct cryptocurrency lending platform Celsius to time served after almost three years following his arrest on fraud and conspiracy charges. In a sentencing hearing in the US District Court for the Southern District of New York on Wednesday, Judge John Koeltl ordered that…
Key takeaways: A successful Hyperliquid whale opened a $70 million short position, but data suggests this is a technical move. Rising oil prices and Fed liquidity injections could devalue US Treasuries, boosting Bitcoin as a scarce macro asset. Bitcoin below $80,000 as Hyperliquid whale flips bearish on crypto Bitcoin (BTC) failed to sustain bullish momentum…
The US Senate has approved Kevin Warsh as the newest governor of the Federal Reserve, with a vote on his confirmation as chair of the central bank expected this week. In a 51 to 45 vote in the US Senate on Tuesday, lawmakers sided on party lines, with the exception of Democratic Senator John Fetterman,…
Key points: Bitcoin is struggling to rise above $84,000, but the bulls remain in control as long as the price remains above the 20-day EMA. Several major altcoins have pulled back, indicating that the bears remain sellers on rallies. Bitcoin (BTC) has pulled back at the start of the week, but the bulls are trying…
Michael Saylor, co-founder of Strategy, signaled that the Bitcoin treasury company will resume its BTC purchases this week, following an earnings call on Tuesday, during which he said the company may periodically sell portions of its treasury. “Back to work, BTC,” Saylor said in an X post on Sunday, messaging that has previously preceded a…
Passing the Digital Asset Market Clarity Act of 2025, also known as CLARITY, will help to reshore the crypto industry in the United States, according to Bill Hughes, the senior counsel and director of global regulatory matters at Consensys, a crypto infrastructure company. “The US dollar is the world’s largest fiat on-ramp for cryptocurrency, accounting…