Crypto

Further and 3iQ have launched a $100 million market-neutral crypto hedge fund for institutions, including a Bitcoin share class that reinvests gains in BTC. United Arab Emirates-based digital asset manager Further Asset Management has partnered with Canadian crypto investment firm 3iQ to launch a $100 million hedge fund targeting institutional investors seeking structured exposure to cryptocurrencies, including a Bitcoin-denominated share class that reinvests gains directly into BTC. According to a Wednesday announcement, the Further x 3iQ Alpha Digital Fund is a market-neutral, multi-strategy vehicle designed to deliver risk-managed exposure to liquid crypto markets under an institutional framework. The fund was seeded with capital from institutional investors, family offices and sovereign backers. “We’re providing institutional-grade, risk-managed and scalable access to digital assets, including Bitcoin, within a structure that has successfully passed the rigorous institutional due diligence of leading glob...

Bitcoin’s latest bull cycle produced a very different market structure, defined by larger institutional participation, lower volatility and deeper liquidity. Bitcoin (BTC) rose on Wednesday, gaining 7.5% over the last 24 hours to trade above $93,000, as analysts expected new highs. This came amid record capital inflows, rising realized cap and decreasing volatility, which suggested a changing market structure, according to a new joint report from Glassnode and Fanara Digital.  Key takeaways: Read more

The broader Solana memecoin economy is currently facing a liquidity crisis and collapsing volumes, but one asset has successfully decoupled from the sector-wide decline. According to CryptoSlate data, PIPPIN, a token born from an AI experiment in early 2024, has emerged as one of the best-performing crypto tokens in the last 30 days, surging 556% to […] The post 50 secret wallets fueled PIPPIN’s 556% rally — and $3B in derivatives volume may explain why appeared first on CryptoSlate.

SUI has surged the most over the past 24 hours.

A breakout above $93,000 could trigger a short squeeze, analysts say—accelerating Bitcoin’s recovery amid short-term holder capitulation.

Bitcoin trades near $92,900, testing key $93K resistance; analysts eye $105K target if breakout confirms, with $88K–$90K as support.

Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions. Ethena’s synthetic-dollar stablecoin USDe saw one of its sharpest monthly contractions yet, while fiat-backed stablecoins including USDT, USDC and PYUSD attracted billions in inflows.  CoinGecko data showed that Ethena’s USDe stablecoin fell from a market capitalization of $9.3 billion on Nov. 1 to $7.1 billion on Nov. 30. The token saw about $2.2 billion in redemptions, marking a 24% decline in supply in November.  Ethena’s USDe is a synthetic stablecoin that maintains its dollar peg through trading strategies with crypto and futures contracts rather than holding actual dollars. USDe outflows mean that users are either selling USDe on the open market, withdrawing from pools or unwinding their positions on decentralized applications (DApps). Read more

A closer look at how global regulators treat cryptocurrencies, and an overlook of where things might be headed in the coming years.

Ethereum’s Fusaka hard fork goes live, boosting data availability, increasing throughput up to 8x, and lowering Layer 2 transaction fees.

MSTR is trading below the value of its Bitcoin holdings, creating a discount where investors basically buy its BTC and get the business free.

XRP has successfully defended the $2.00 support.

PI is in the green but in a modest manner compared to other altcoins.

Bitcoin has recovered all losses from its big leverage flush out in just two days as it reclaims a key price level. 

Armed robberies of crypto buyers are rising globally as criminals abandon digital hacks for brutal in-person confrontations.

Anthropic is reportedly exploring a public market debut while chasing a new funding round that could push its valuation past $300 billion.

Large holders resumed sizeable Ethereum purchases this week as crypto prices recovered sharply from Monday’s wipeout.

The U.S. seizure comes a day after a sanctioned Cambodian group shut branches and froze withdrawals under regulatory pressure.

Trump hasn’t confirmed who he will have replace Fed Chair Jerome Powell with next year, but two recent hints, taken together, point to his crypto-friendly adviser. Prediction market odds on Kevin Hasset becoming the next chair of the US Federal Reserve spiked after US President Donald Trump appeared to hint at who he has in mind during a White House event.  Speaking at the White House on Tuesday, Trump introduced guests, welcoming Hassett as a “potential Fed chair.”  “It’s a great group, and I guess a potential Fed chair is here too,” he said. “I don’t know, are we allowed to say that, potential? He’s a respected person, that I can tell you. Thank you, Kevin.” Read more

The product saw strong first-day trading after a shutdown-enabled filing path and updated SEC listing standards opened the way for its launch.

Bitcoin was launched fifteen years ago. The industry has ballooned into a nearly $4 trillion ecosystem, yet Satoshi’s vision of everyday payments remains largely unfulfilled. The hope for peer-to-peer payments has shifted to stablecoins. But rather than replacing banks, stablecoins risk becoming bank-like infrastructure. Stronger regulation in the U.S. and Europe may push them toward […] The post Stablecoins were built to replace banks but on course to becoming one appeared first on CryptoSlate.