Crypto

Crypto markets are tanking on Thursday morning following the latest speech from the US President threatening more violence in the Middle East.

As part of the offering, Paradigm is also exploring an internal market-making desk for prediction market trading and a prediction market index. Crypto-focused venture capital firm Paradigm is reportedly building a prediction markets terminal, joining a wider push by exchanges, brokers and crypto firms into prediction markets. Led by Paradigm partner Arjun Balaji, the prediction market offering will cater to professional traders and market makers, Fortune said in a report on Wednesday, citing sources that said they started working on the project in late 2025. Paradigm’s offering adds to a growing list of companies looking to offer access to prediction markets, which some forecast could reach $1 trillion in annual volume by the end of the decade. Read more

An IPO and valuation above $1.75 trillion would make SpaceX a top-10 public company by market capitalization, above the likes of Meta and Tesla. Elon Musk’s aerospace company SpaceX has reportedly filed confidentially for an initial public offering, moving it closer to what could be the biggest public listing in US history. SpaceX submitted its IPO confidentially to the US Securities and Exchange Commission, according to a report from Bloomberg on Wednesday, citing people familiar with the matter. The IPO could be finalized as early as June, the sources said. SpaceX could seek a valuation exceeding $1.75 trillion in the IPO, sources told Bloomberg in February. A valuation of that size would make the aerospace company more valuable than Meta (META), Tesla (TSLA) and Bitcoin (BTC). Read more

According to the company CFO, Bithumb was “strengthen[ing] accounting policies and internal controls” ahead of its IPO plans, already delayed from 2025. South Korea-based cryptocurrency exchange Bithumb is reportedly expecting its initial public offering (IPO) sometime after 2028, in another delay after restructuring and regulatory hurdles. According to a Tuesday report from Maeil Business News Korea, a Bithumb official said that it would “focus on preparing for the listing until 2027.” CFO Jeong Sang-gyun said at the company’s annual shareholder meeting that Bithumb was “strengthen[ing] accounting policies and internal controls” following an IPO advisory contract with Samjong KPMG. Shareholders reconfirmed CEO Lee Jae-won for a two-year appointment at the Tuesday meeting, but the delayed IPO timeline was the latest after Bithumb initially expected a 2025 listing. Under Lee, the exchange faced a six-month suspension and a $24 million fine from South Korean authorities for alleged anti-money-laundering violati...

The Treasury published its notice of proposed rulemaking as the market capitalization of dollar-pegged stablecoins neared $300 billion. The US Department of the Treasury issued a notice of proposed rulemaking (NPRM) on Wednesday and is seeking public comment on proposed regulations for state-level stablecoin governance frameworks under the GENIUS Act. The GENIUS stablecoin regulatory framework, also known as the “Guiding and Establishing National Innovation for US Stablecoins Act,” gives states the authority to regulate stablecoins with a market cap of less than $10 billion, as long as the regulations do not deviate significantly from federal policies. The Treasury outlined several non-negotiable stablecoin regulations that must be in line with Federal regulations, including a 1:1 reserve backing with cash or high-quality cash equivalents and monthly reporting requirements.  States must also comply fully with federal anti-money laundering and sanctions policies for stablecoins, while upholding bans on token r...

Despite Solana's record-breaking February, Ethereum still leads in cumulative stablecoin transaction volume at around $52 trillion.

Volatility Shares, the company that launched the first leveraged crypto fund in the U.S., is expanding its roster to smaller digital assets

A Hyperliquid DEX whale has placed an $80 million bet that Bitcoin will crash and oil will rally, but data show this trader has lost millions in the past. Key takeaways: A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices. The whale’s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market. Read more

The crypto exchange seeks a charter from the Office of the Comptroller of the Currency to separate custody from trading and expand services under a regulated banking framework. EDX Markets, an institutional crypto exchange, has applied to the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank that would provide crypto custody, asset management and trade-settlement services. The proposed entity, EDX Trust, would operate as a non-depository national bank, separating custody and settlement from trading while continuing to route order matching through EDX’s existing platform. In its application, the company said the model is intended to address structural risks in crypto markets, where trading, custody and brokerage are often combined within a single platform, creating potential conflicts of interest and single points of failure. Read more

Solana-based perpetuals DEX Drift Protocol has suffered an exploit impacting more than $200 million in funds.

A debate over stablecoin yield, likely to impact Tether, is underway in the US government as lawmakers consider a market structure bill. Jesse Spiro, the head of government affairs at stablecoin issuer Tether, will be chairing the organization of a crypto-backed Super political action committee (PAC) to “actively support candidates” in the 2026 US midterm elections and beyond. In a Wednesday announcement, the Fellowship PAC, a committee that launched in August 2025 and later claimed to have raised “over $100 million” from undisclosed backers aligned with the crypto industry, said that Spiro would become chair ahead of its first political endorsements for the 2026 elections. The PAC said that it would support candidates in favor of innovation, regulatory clarity for digital assets, and open markets. Read more

Google's cheapest video model yet targets developers burned by high generation costs, arriving just days after OpenAI pulled the plug on Sora.

What looks like a geopolitical threat aimed at US multinationals could quickly become a crypto story too. That is because several of the companies threatened by Iran now sit inside the infrastructure, payments, and corporate treasury layers that parts of the digital-asset industry rely on. According to the Wall Street Journal, the IRGC warned that […] The post Iran threatens major US companies in the Middle East creating new risk for crypto appeared first on CryptoSlate.

The Citadel-backed exchange is seeking approval to offer custody and asset services as institutional demand grows.

Elon Musk’s rocket company has confidentially submitted IPO paperwork to U.S. regulators, potentially setting up one of the largest public listings in history.

The fee drop traces back to the introduction of inscriptions, a soft fork adjustment that limits transaction weight per block.

Technical charts show Bitcoin and altcoins on the verge of a bullish trend reversal, but Bitcoin’s resistance at $69,000 could cap the current upward momentum. Key points: Buyers will have to sustain Bitcoin above $69,000 to gain the upper hand in the short term. Select major altcoins may break above their near-term resistance, signaling buying at lower levels. Read more

The reported incident could be a $200 million exploit of the decentralized crypto exchange due to a leak of a crypto wallet private key. Drift Protocol, a decentralized cryptocurrency exchange (DEX), detected “unusual” trading activity on the platform on Wednesday, warning users not to deposit funds until the issue has been resolved. The Drift team did not disclose the specific cause of the ongoing incident or the damage in its initial announcement and is currently investigating the issue.  In a subsequent update, the Drift team announced that deposits and withdrawals on the platform have been suspended.  Read more

The platform halted deposits while it investigates suspicious activity and urges users to proceed with caution.

The Fed governor has previously said that stablecoins risk undermining the U.S. central bank’s credibility.