Business

Gold, Silver, Copper Profits Trigger $120 Million Relaxation in Tokenized Metals

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The crypto market’s close ties to traditional markets were laid bare on Friday as a sharp slide in metal prices jolted millions into leveraged bets on blockchain versions of gold, silver and copper. Three-month copper futures on the London Metal Exchange (LME) fell nearly 4% from Thursday’s peak above $14,500 a barrel. ton, falling closer […]

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Binance to move $1 billion user protection fund to bitcoin mid-market

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Top cryptocurrency exchange Binance announced Friday that it will switch the stablecoin in its $1 billion emergency fund to bitcoin over the next 30 days. The move targets the Secure asset Fund for Users (SAFU), which is a security fund created to protect users from losses due to unforeseen events such as hacks. The exchange

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Here’s why Fed challenger Kevin Warsh is seen as bearish on bitcoin

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On Thursday, President Donald Trump said he will announce his pick for U.S. central bank chief to replace incumbent Jerome Powell after the latter’s term ends in May. While nothing has been confirmed yet, reports suggest the Trump administration is preparing to nominate Kevin Warsh, who served on the Federal Reserve Board of Governors from

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BTC options flash worrisome signs as traders eye $70,000

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Bitcoin’s volatility spiked during Thursday’s massive selloff as traders rushed for downside protection. Deribit’s bitcoin volatility index, known as DVOL, jumped sharply, rising from around 37 to over 44. DVOL is crypto’s closest equivalent to Wall Street’s VIX, a fear gauge that tracks how much price movement traders expect over the next 30 days based

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BTC moves end up liquidating $1.7 billion in bullish crypto bets

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The crypto market unraveled sharply over the past 24 hours, sparking $1.68 billion in liquidations as leveraged bets were wiped out across major exchanges, according to CoinGlass data. Some 267,370 traders were forced out of positions, with longs accounting for an overwhelming $1.56 billion, or nearly 93% of total liquidations. Shorts totaled just $118 million,

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Crypto custodian Copper in early IPO talks as crypto ‘plumbing’ becomes new Wall Street favorite

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Crypto escrow firm Copper is in early talks about a public listing, according to three people with knowledge of the matter. Goldman Sachs, Citi and Deutsche Bank are among the investment banks potentially involved, according to a source. The decision to pursue an IPO will depend on the company’s near-term revenue performance, said another person,

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Ethereum OGs revive DAO with $220 million security fund, Unchained reports

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Some key Ethereum members, including co-founder Vitalik Buterin, are reviving one of the network’s oldest and most symbolic chapters: the DAO (decentralized autonomous organization). More than 70,500 Ether ETH$2,961.90 that has sat untouched since the 2016 DAO hack — long considered Ethereum’s defining existential crisis — will be redeployed to a roughly $220 million Ethereum

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Grading America’s progress towards becoming the crypto capital of the world

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About a year ago, we published an open letter outlining practical, achievable steps an incoming administration could take to make the US the crypto capital of the world, reflecting the positions of the cryptolaw bar. The goal was not to promote crypto as an ideology, but to convey advocates’ perspective on how thoughtful regulatory policy

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BTC could retest April’s tariff tantrum low below $80,000

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Bitcoins BTC$84,034.42 quickly falling back to $84,000 during the US morning hours. Thursday came along with equally rapid declines in stocks and precious metals. But while stocks, gold and silver have since bounced back from their worst levels, crypto is still near its session lows with BTC, Ether ETH$2,806.01XRP XRP$1.8010and solana SUN$117.61 all down 5%-7%

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