Bitcoin BTC$74,460.84 consolidated Tuesday after hitting $76,000, its highest level since Feb. 4, in early trade. The biggest cryptocurrency fell back to just below $73,500, down 1.5% since midnight UTC. It is not the only cryptocurrency that has cooled. Ether (ETH) lost 1.5%, solana (SOL) fell 2.5% and SUI$1.0452 4.5%. Nasdaq 100 and S&P 500 […]
Illinois Lt. Gov. Juliana Stratton is poised to become the state’s next senator after winning Tuesday night’s Democratic primary, defeating Rep. Raja Krishnamoorthi. Krishnamoorthi had received close to $10 million in backing from crypto-super political action committee (PAC) Fairshake, among others, while Stratton was backed by Illinois Governor JB Pritzker. The Illinois Senate seat is
Stratton wins Illinois Senate primary, defeating crypto-backed Krishnamoorthi Read More »
PayPal (PYPL) said it is expanding access to its dollar-backed stablecoin, PYUSD$0.9999to users in 70 markets, expanding the token’s reach beyond the US as it pushes deeper into digital payments. Consumers in newly supported countries will be able to buy, hold, send and receive PYUSD directly through their PayPal accounts, with the option to transfer
PayPal (PYPL) expands PYUSD stablecoin to 70 markets Read More »
Argentina has ordered a nationwide block on prediction market Polymarket after a court in Buenos Aires found the platform operated without local approval and exposed users to gambling-related risks. The ruling directs ISPs across the country to block access to the site and its related domains, according to local media. It also ordered Apple and
Argentina joins a growing list of countries blocking Polymarket access Read More »
Wall Street investment bank Citigroup lowered its 12-month price target for bitcoin BTC$73,956.93 and ether (ETH), citing slower regulatory momentum in the US, softer network activity and reduced expectations for ETF inflows. Citi now sees bitcoin reaching $112,000 and ether $3,175 over the next year, down significantly from previous forecasts of $143,000 and $4,304. The
BTC price target reduced to $112,000 at Citigroup; ETH trimmed to $3,175 Read More »
CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2148.63, down 0.9% (-20.59) since 4 PM ET Monday. One in 20 assets are trading higher. Leaders: NEAR (+0.4%) and CRO (+0.0%). Lagging behind: UNI (-4.1%) and SUI (-4.0%).
Uniswap (UNI) falls 4.1%, leading index lower Read More »
Democratic lawmakers are trying to put an end to potential manipulation of prediction markets by government officials who bet on events they know will happen, such as U.S. military action, under a new bill to be introduced Tuesday. The Act to Prohibit Trading in Events on Sensitive Operations and Federal Functions (BETS OFF) will prohibit
Sen. Chris Murphy, Rep. Greg Casar Targets Insider Trading in Prediction Markets Read More »
Crypto trading firm GSR said Tuesday it is buying Autonomous and Architech for $57 million and expanding into token advisory and capital markets services. Autonomous will retain its brand and focus on token launch, while Architech will anchor a new entity, GSR Digital Asset Advisory. The group will work together with GSR’s trading, liquidity and
Crypto trading firm GSR expands token advisory with $57 million in acquisitions Read More »
For the first time, the US Securities and Exchange Commission has sought to clearly define different types of cryptoassets and how the regulator will approach them by issuing these new standards on Tuesday alongside its sister agency responsible for commodities. The SEC’s interpretive guidance, which does not yet carry the weight of a formal new
For the first time, the US SEC issues definitions for what cryptoassets are securities Read More »
WASHINGTON, DC – The Senate’s stalled crypto market structure bill is making progress behind the scenes, the chairman of the body’s banking committee said Tuesday. Senator Tim Scott, who chairs the banking panel overseeing the market structure bill, said at the Digital Chamber’s DC Blockchain Summit that lawmakers may see a new draft of at
The Senate is making progress on the market structure bill, says banking panel leader Read More »
