Crypto

As much as crypto negotiators paint bank lobbyists' campaign against stablecoin yield as unfair, it landed a blow that one dramatic move could end.

The Bitcoin treasury company repurchased 782,000 shares below NAV as it increases Bitcoin exposure and works to close the gap between market price and asset value. Bitcoin treasury company ProCap Financial has added to its digital asset reserves as it steps up efforts to reduce the gap between its share price and underlying net asset value (NAV), underscoring a focused capital allocation strategy amid volatility in the crypto and equity markets. ProCap disclosed Monday that it acquired 450 Bitcoin (BTC) during the recent market pullback, bringing its total holdings to 5,457 BTC. The additional purchase also helped reduce the company’s average cost basis per coin. At the same time, ProCap said it repurchased 782,408 of its shares over the past 10 days at prices trading significantly below its calculated NAV per share, narrowing the discount between market price and intrinsic value. The Nasdaq-traded shares were up 7.17% at last look in Monday morning trading, to $2.84 per share, according to Yahoo Finance. Rea...

Bitcoin rises over 6% on the U.S. open as CME premium spikes, and liquidations don’t explain it Bitcoin jumped over 6% to threaten $70,000 during Monday’s U.S. market open even as the broader macro environment appears risk-off. Oil ripped higher on Middle East escalation risk, equities opened sharply lower, and the dollar held firm. The […] The post Bitcoin price surges to $70k today while stocks fall at the US market opened appeared first on CryptoSlate.

CryptoQuant data shows 472M XRP ($652M) inflow to Binance after strikes on Iran, boosting market uncertainty.

Bitcoin ETFs rebounded as crypto funds saw $1 billion in fresh inflows last week—but is the worst really over?

The exchange has filed a proposal with the SEC to list yes-or-no bets on the Nasdaq-100 amid continued demand for prediction markets.

Revolut is preparing to trial a pound-backed stablecoin inside a regulated stablecoin sandbox in the UK, with testing expected within the current quarter. While this might look like another fintech pilot in the long history of crypto payment tests, the more interesting part sits upstream of the token itself. Revolut has what most stablecoin projects […] The post Revolut’s digital pound trial shifts the UK payments debate from crypto hype to consumer protections and clarity appeared first on CryptoSlate.

XRP’s weakening technical setup suggests a drop below $1 could be in the cards over the next few weeks as supply rises on exchanges. XRP (XRP) risked a further drop below $1 as its bearish technical setup converged with increased inflows to exchanges. Key takeaways: A symmetrical triangle breakdown puts XRP price drop toward $0.95 in play. Read more

Over $80 million in shorts were wrecked in the past hour alone.

Publicly traded Ethereum treasury BitMine Immersion Technologies added to its ETH stack last week despite its recent decline.

At their worst levels, U.S. stock index futures had been down more than 2%, but equity markets are barely lower one hour into Monday's trading session.

Strategy disclosed its third-largest Bitcoin purchase of the year, scooping up the asset using proceeds that partially came from STRC.

The ether treasury firm now has nearly $10 billion in assets and more than $6 billion of ETH staked.

Just days after President Trump slammed Anthropic for disputes over wartime use of its AI, a major Claude outage has stretched on for hours.

Qivalis is a group of 12 major EU banks developing a euro-pegged stablecoin they plan to debut in the second half of the year.

Check out which tokens may plummet by 90% if such a scenario unfolded.

After the 2023 crackdown, Nexo reenters the US with a partner-led model. What is different, and what should users watch? After paying a $45-million settlement in 2023 and exiting the market, Nexo has reentered the US with a redesigned product model focused on regulatory alignment rather than direct yield issuance. The 2023 crackdown centered on unregistered securities concerns. The SEC alleged that Nexo’s Earn Interest Product functioned as an unregistered security, raising questions about retail yield marketing, transparency, custody practices and counterparty risk. The new model relies on licensed US partners. Instead of directly offering yield products, Nexo now operates through regulated US intermediaries, including licensed entities and, where required, SEC-registered investment advisers. Read more

Solana (SOL), up 2.1% from Friday, was also among the top performers.

The blockchain analytics firm said flows from Iran’s largest exchange spiked immediately after U.S.-Israeli strikes on Tehran, pointing to possible capital flight.

When markets are closed and Bitcoin is moving, the custody agreement decides who can act. A spot Bitcoin ETF fixed an awkward problem for finance. Bitcoin used to arrive as software, keys, and operational responsibility. The ETF repackaged it as a ticker that sits next to every other ticker. That convenience came with a structural […] The post Bitcoin ETF custody concentrates power in one place, and now a single operational failure causes dangerous ripples appeared first on CryptoSlate.