Bitcoin Falls to $61,000 on US-Iran Escalation; ETF outflows cool further
Bitcoin Falls to $61,000 on US-Iran Escalation; ETF outflows cool further
Bitcoin Falls to $61,000 on US-Iran Escalation; ETF outflows cool further Read More »
Ripple-linked token falls 4.5% to break another support level
XRP keeps finding buyers near major support, but it keeps losing support anyway. The latest drop pushed the token back towards the same $1.10 area that several analysts had marked as a key line in the sand, with selling pressure accelerating once $1.13 gave way. News background • Several analysts pointed to the $1.09 area
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What now for bitcoin as it faces headwinds from Fed interest rates to Claude’s Mythos
Anthropic on Tuesday released Claude Fable 5, its most capable public model running on Mythos, as it pursues a fall listing, which it has already filed confidentially with OpenAI, which filed Monday, and SpaceX. Mythos is Anthropic’s most advanced line of AI models, and Fable is the first publicly released version of this powerful underlying
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BTC and gold tumble as a bet on rate hikes hits every hedge
Bitcoin’s rejection of last week’s lows is rolling over and gold is falling with it. BTC changed hands at $61,233 on Wednesday, down 3% over 24 hours and 6.9% on the week, while gold fell 2% to below $4,200 per ounce. ounces. The market bets on higher interest rates punishing anything that doesn’t pay off,
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Crypto tax bills are a work in progress as US House lawmakers raise concerns
A package of several crypto tax bills may not be ready yet for prime time, as a hearing in the US House Ways and Means Committee revealed potentially important questions from lawmakers that suggested the panel had not achieved bipartisan embrace of the bills that would tailor a clearer tax code for gains in digital
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GM plans to sell energy storage batteries as EV sales flagship
General Motors plans to start making large storage batteries, the company said Tuesday, joining Tesla, Ford Motor and other automakers in pushing into a growing market and offsetting slower sales of electric vehicles in the United States. The batteries, which can be the size of shipping containers, store excess energy from solar panels, wind turbines
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Humanity’s $36 million exploit happened because a ‘multisig’ lived on a laptop
Humanity Protocol explained how attackers were able to steal more than $36 million of its H token, and the reason was a serious flaw in how it secured its keys. In an incident update shared with CoinDesk, the decentralized identity project said the breach started when an employee’s laptop was compromised. The machine had several
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Securitize CEO says tokenized stocks could unlock $5 trillion crypto market
Securitize CEO Carlos Domingo said he believes tokenized stocks and ETFs, not private credit or financial products, will be the asset class that ultimately drives the real assets (RWA) market into the trillions. Speaking at an ETHConf panel in New York on Tuesday, Domingo argued that bringing stocks and exchange-traded funds on-chain could unlock a
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Bitcoin falls back to $61,000 amid a broader market. bloodbitcoin falls back to $61,000 amid broader market carnage
Higher by more than 1% at the open, the Nasdaq fell sharply lower just before midday on the East Coast, now down 1.9% and below its close on Friday. The S&P 500 is down 1% and the DJIA is down 0.5%. The decline was led by AI favorites Nvidia, Intel and Micron, all down 2%-4%.
BlackRock warns of energy shock as May CPI is set to show acceleration in inflation
BlackRock is keeping a close eye on Wednesday’s May US inflation report for the first clear signal of how the US-Iran conflict is feeding into already sticky prices. “We look to May’s US inflation numbers for a clearer reading of how the energy shock from the Middle East conflict is affecting already sticky inflation. The
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