Friday | Crypto

Bitcoin and jobs data are on a collision course this week, with the price pinned between $62,200 and $65,000 after the first economic release worked against the bulls. The ISM Manufacturing PMI printed 55.6 on Aug. 3, beating the 54.0 consensus and rising from June's 53.3 to its highest reading since May 2022. New orders […] The post Bitcoin must clear $65,000 before Friday, or jobs data could turn $62,000 into a trapdoor to $60,000 appeared first on CryptoSlate.

The CLARITY Act enters the Senate's final scheduled week before the August recess. Monday's floor schedule opens with H.R. 6500, a government funding vehicle, and CLARITY has yet to appear on the schedule. Negotiators are still working through disputes over government ethics and stablecoin rewards, and prediction markets price the odds of the bill becoming […] The post Five days, a 30% chance, and a battle over Trump’s crypto profits: Inside the Senate’s scramble to pass CLARITY Act before Friday appeared first on CryptoSlate.

Creditors who cleared June 16 requirements should be paid within three business days; allowed claim holders still awaiting provider onboarding may forfeit distribution rights. The post FTX’s $900M payout drops Friday, triggering 6-month countdown for creditors to onboard or forfeit funds entirely appeared first on CryptoSlate.

Analysis warned of a repeat of the 2024 yen carry-trade unwind that pressured crypto markets ahead of the next Bank of Japan interest-rate meeting. Japan’s central bank is in focus this week as its next interest-rate meeting comes amid new 40-year yen lows against the US dollar. Key points:  Data from TradingView showed USD/JPY approaching 164 on Tuesday, just a fraction below new 40-year highs seen last week. Read more

US 10-year Treasury yields nears dangerous level while major Deribit Bitcoin options expiry approaches. Bitcoin (BTC) reclaimed the $63,000 mark on Thursday, but traders fear a correction ahead of Friday’s $1.4 billion options expiry on Deribit. The concerns stem from the US government bond yield climbing toward a level that many view as a warning sign. Is the $62,000 support level at risk? Key takeaways: Read more

At 10 a.m. ET on Tuesday, the Bureau of Labor Statistics releases its Job Openings and Labor Turnover Survey for April, and a market that spent years branding Bitcoin as an escape hatch from central banks now hangs on whatever the numbers imply about the Federal Reserve's next move. This is due to a long […] The post Bitcoin faces first jobs-week test as US job openings data arrives before Friday payrolls appeared first on CryptoSlate.

Kevin Warsh was sworn in as Fed chairman in a White House ceremony early Friday afternoon.

Strategy's perpetual preferred stock, STRC, played a key role in the company's Bitcoin strategy this week after it saw more than $1.1 billion in daily trading volume. In an X post, Strategy declared April 13 the record date for STRC. Michael Saylor also noted that the security closed at par with just “one penny of volatility” after […] The post Strategy’s STRC hits record trading volume after massive $1B Bitcoin purchase as market cap doubles since Friday appeared first on CryptoSlate.

Bitcoin becomes the live market over Easter as oil shocks hit and traditional finance goes dark The Bitcoin market now has three trading days where it will act as the live venue for geopolitical risk while much of traditional finance is closed. As of Friday, April 3, Wall Street is closed for Good Friday; several […] The post Bitcoin is the financial Easter Bunny this weekend as markets close Friday amid critical jobs report appeared first on CryptoSlate.

Bitcoin bulls face an uphill battle to turn the March options expiry in their favor, requiring a 6% price rally to $75,000 before Friday. Key takeaways: Over 90% of Bitcoin call options may expire worthless if the price fails to break above $71,000 by Friday. Traders fear rising inflation and worsening credit conditions as the US and Israel-Iran war continues. Read more

Bitcoin options worth billions of dollars will expire on Deribit this Friday at 8:00 UTC.

Kevin Warsh, seen as a more hawkish Federal Reserve chair pick, previously said Bitcoin could serve as a check on fiscal policy decisions. US President Donald Trump is expected to nominate Bitcoin-friendly Kevin Warsh as the next chair of the Federal Reserve when he announces his pick on Friday. Trump said on Thursday that he will be announcing his pick to replace the central bank’s current chair, Jerome Powell, whose term finishes in May, on Friday morning, with Bloomberg, The Wall Street Journal, and The New York Times reporting that the president is set to announce Warsh as his nomination. Reuters had earlier reported that Trump met with Warsh, who served as a Fed governor from 2006 to 2011, on Thursday, with one person briefed on the discussion saying Warsh impressed the president. Read more

Winter storm Fern is currently sweeping across the United States and has already left 1 million residents without electrical power. The hashrate of Foundry USA, a digital asset advisory firm with the world’s largest Bitcoin (BTC) mining pool, has curtailed its hashrate by about 60% since Friday in response to the severe winter storm impacting large swaths of the United States. “Bitcoin hashrate on Foundry USA alone is down by nearly 200 exahashes per second (EH/s), or 60%, since Friday amid continued curtailment. Temporary block production has slowed down to 12 minutes,” according to TheMinerMag.  FoundryUSA still commands about 198 (EH/s) of hashing power, accounting for about 23% of the global mining pool hashrate, data from Hashrate Index shows.  Read more

Top Ethereum NFT collections like BAYC, Pudgy Penguins and CryptoPunks remain in the red despite a partial market recovery after Friday’s crypto market crash. The non-fungible token (NFT) market showed early signs of recovery after a steep sell-off wiped out about $1.2 billion in market capitalization during the crypto market crash on Friday.  According to CoinGecko data, the sector’s overall valuation fell from $6.2 billion on Friday to $5 billion on Saturday. This erased almost 20%, or about $1.2 billion, in market capitalization for digital collectibles across all blockchain networks.  The sector experienced a rapid recovery as crypto markets rebounded. On Sunday, NFTs reached $5.5 billion, marking a 10% gain following the crash. At the time of writing, the overall market cap was almost $5.4 billion. Read more

Binance and BNB Chain have pledged a total of $728 million in support for traders following the sell-off, but the exchange maintains it is not responsible for users’ losses. Binance is launching a $400 million relief program for traders affected by losses across its ecosystem during Friday’s crypto sell-off, despite saying it does not accept liability for user losses. According to a Tuesday post by the exchange, the initiative will distribute $300 million worth of token vouchers, ranging in value from $4 to $6,000, to eligible users. To qualify, traders must have incurred forced liquidations on futures or margin positions between Oct. 10, 2025, 00:00 UTC and Oct. 11, 2025, 23:59 UTC. Users must have lost at least $50 in crypto, and those losses must account for at least 30% of their total net assets, based on a snapshot taken on Oct. 9, 2025, at 23:59 UTC. The distribution is expected to be completed within 96 hours.  Read more

Friday’s massive crypto market crash sent Bitcoin fund trading volumes to record highs, but crypto ETPs held firm amid the turmoil. Cryptocurrency investment products held steady amid last Friday’s massive flash crash, recording strong inflows over the past week. Crypto exchange-traded products (ETPs) recorded $3.17 billion in inflows last week despite the market correction caused by fresh China tariff threats from US President Donald Trump, CoinShares reported on Monday. “Friday saw little reaction with a paltry $159 million outflows,” CoinShares head of research James Butterfill wrote, highlighting crypto funds’ resilience to the market panic after the Friday sell-off and $20 billion liquidations.  Read more

Bitcoin fell to a three-week low under $109,000, but the $22 billion end-of-month options expiry could lead to a much-needed BTC price bounce. Key takeaways: Traders reduced bullish positions, signaling mixed market sentiment ahead of Friday’s $22 billion monthly Bitcoin options expiry. Stablecoin premiums and Bitcoin ETF inflows indicate cautious optimism, suggesting traders may seek gains in the near term. Read more

REX and Osprey clear the SEC’s 75-day window with multiple crypto ETFs poised to debut, even as regulators push back decisions on rival Ether, Solana and XRP products. New batches of cryptocurrency exchange-traded funds (ETFs) from REX and Osprey have cleared the US Securities and Exchange Commission’s (SEC) 75-day review window and are expected to begin trading by Friday, according to Bloomberg Intelligence analyst Eric Balchunas. “Post-effective means that it’s going to launch, basically,” Balchunas told Cointelegraph in a phone interview, referring to the lineup that includes the REX-Osprey Bonk ETF, Trump ETF, Bitcoin ETF, XRP ETF and Doge ETF. Cointelegraph previously reported that the Doge ETF was slated to debut on Thursday, with timing determined by its structure under the Investment Company Act of 1940. Unlike products filed under the Securities Act of 1933 — which was used to approve spot Bitcoin (BTC) ETFs last year — 1940 Act funds face a simpler path to market. Read more

$5 billion in ETH options expire on Friday, possibly opening the door for bulls to push through the $5,000 barrier. Key takeaways: Bullish strategies dominate the $5 billion Ether options expiry, giving traders an advantage if prices rise. Neutral-to-bearish strategies mostly failed below $4,600, leaving traders exposed as Ether rallied in August. Read more

The move comes as a debate is unfolding in the UK on whether users should be allowed to buy cryptocurrencies with credit cards. United Kingdom-based bank Barclays will begin blocking crypto transactions made through its Barclaycard credit cards starting Friday, citing risks associated with cryptocurrencies volatility. According to the bank's website, the decision was based on concerns over volatile token prices and the lack of regulatory guardrails for investors. “We’re doing this because a fall in the price of crypto assets could lead to customers finding themselves in debt they can’t afford to repay,” said Barclays, adding that: A Barclays spokesperson declined to further comment on the decision. Read more