Business

Oil and gold retreat from peaks, while stock futures remain under pressure

Business / Leave a Comment

U.S. stocks fell in premarket trade after the U.S. and Israel clashed with Iran over the weekend. The Invesco QQQ exchange-traded fund (ETF), which tracks the Nasdaq 100 index, fell 1.5%, although early losses have begun to ease, suggesting that initial concerns may have been somewhat overstated. An oil refinery in Saudi Arabia was hit […]

Oil and gold retreat from peaks, while stock futures remain under pressure Read More »

Hong Kong ties up with Shanghai trade authorities to put freight data on blockchain

Business / Leave a Comment

Hong Kong is doubling down on its role as China’s financial bridge, signing a new deal with Shanghai authorities to build cross-border blockchain rails for freight and trade finance. The memorandum of understanding between the Hong Kong Monetary Authority, the Shanghai Data Bureau and the National Technology Innovation Center for Blockchain, announced Monday afternoon in

Hong Kong ties up with Shanghai trade authorities to put freight data on blockchain Read More »

Riot, Core Earnings, US Jobs Report: Crypto Week Ahead

Business / Leave a Comment

Earnings reports are still rolling in. This week, Riot Platforms, the fourth-largest bitcoin miner by market capitalization, is due to report, as is Core Scientific, No. 6. Like many of their peers, the two are using their experience running large data centers and negotiating power supply deals to expand into artificial intelligence. Core, whose proposed

Riot, Core Earnings, US Jobs Report: Crypto Week Ahead Read More »

Bitcoin, US stock futures give up early gains as Iran conflict intensifies

Business / Leave a Comment

Bitcoin BTC$66,227.89 retreated from Asian session highs along with losses in US stock futures as Iran stepped up attacks in the Middle East and reportedly hit an oil refinery in Saudi Arabia. The leading cryptocurrency fell back below $66,000 after hitting a high of nearly $67,000 in the early Asian hours. S&P 500 e-mini futures

Bitcoin, US stock futures give up early gains as Iran conflict intensifies Read More »

Over $9 billion flees BTC and ETH ETFs in four months

Business / Leave a Comment

The US-listed spot bitcoin and ether exchange-traded funds (ETFs) have seen record outflows over the past four months, confirming that a fully-fledged crypto market is on the way. Investors have pulled $6.39 billion from bitcoin ETFs over four straight months of outflows, the longest monthly losing streak since the funds launched in January 2024, according

Over $9 billion flees BTC and ETH ETFs in four months Read More »

HYPE jumps 5% as token burn offsets $316m unlock, JUP gains weekly on supply halt

Business / Leave a Comment

Hyperliquid’s HYPE token outperformed bitcoin BTC$66,774.64 and the broader market as traders flocked to the decentralized exchange over the weekend, placing bullish bets on TradFi-linked futures amid escalating Middle East tensions. HYPE has risen more up to 5% in the last 24 hours as exploding platform activity led to higher token burn rate, countering fears

HYPE jumps 5% as token burn offsets $316m unlock, JUP gains weekly on supply halt Read More »

Inside the messy proxy fight at BTC tax company Empery Digital (EMPD)

Business / Leave a Comment

A public battle is unfolding at Empery Digital (EMPD), a bitcoin BTC$66,454.71 Treasury company with 3,723 BTC whose shares have fallen 45% in the past 12 months. While that’s a small feat compared to firms like Michael Saylor’s strategy, the boardroom drama with an activist investor thrust that company into the spotlight. In a Feb.

Inside the messy proxy fight at BTC tax company Empery Digital (EMPD) Read More »

Institutional Crypto Rate Rises Even As Bitcoin (BTC) Falls 25%

Business / Leave a Comment

The mood around digital assets has shifted again among the world’s largest allocators, according to Ron Biscardi, CEO of iConnections, which hosts one of the largest capital introduction conferences globally. Biscardi, who has spent more than 25 years in the alternative investment industry and operates a platform representing over $55 trillion in assets, has a

Institutional Crypto Rate Rises Even As Bitcoin (BTC) Falls 25% Read More »

Stablecoin dividend rewards (probably won’t be) banned under OCC proposal: Kryptostat

Business / Leave a Comment

The Office of the Comptroller of the Currency published its proposed rulemaking to regulate stablecoins under the GENIUS Act, raising questions about whether it would ban payouts from crypto companies. You’re reading State of Crypto, a CoinDesk newsletter that looks at the intersection of cryptocurrency and government. Click here to sign up for future editions.

Stablecoin dividend rewards (probably won’t be) banned under OCC proposal: Kryptostat Read More »

Scroll to Top