Crypto

Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill. The banking industry should not be threatened by crypto companies offering stablecoin yield to customers, and both sides must compromise on the issue, according to White House crypto adviser Patrick Witt. Witt said it was “unfortunate” that the issue of stablecoin yield has become a major point of contention between the crypto industry and banks, adding that crypto service providers sharing yield with customers does not threaten the banking industry’s business model or market share. He told Yahoo Finance: In the future, I don't think this is going to be an issue,” he continued, adding, “I think they're going to find opportunities to use these products and leverage them and offer new products to their customers and expand their businesses.” Read more

At 8:30 a.m. in New York, the world paused for the January U.S. inflation data, and it landed with a soft thud. Headline CPI printed +2.4% year over year, a shade under the +2.5% estimate that had been floating around ahead of the release. Core inflation, the version that strips out food and energy, rose […] The post Bitcoin spikes 6% on softer US inflation but the CPI record still has holes after the shutdown appeared first on CryptoSlate.

Investigators say reservists accessed classified information through service and allegedly used it to bet on future military operations.

Traders say Ether’s declining open interest and futures funding rates could set the groundwork for a significant short squeeze on bearish leveraged positions and a rally to $2,500. Ether (ETH) traded back above $2,000 on Friday, and its gains extended after the US Consumer Price Index (CPI) print came in cooler than expected. The recovery put ETH/USD on track for its first bullish weekly candle close since mid-January, fueling speculation for a rally toward $2,500.  Key takeaways: Read more

Truth Social Funds applied for ETFs that would give investors exposure to crypto—one focused on Bitcoin and Ethereum, the other on Cronos.

Grayscale just dropped a report that’s making everyone rethink what they actually own. Bitcoin’s recent price movements tracked software stocks rather than gold or precious metals, especially since early 2024. When AI fears hit the software sector, Bitcoin crashed right alongside it. Down 50% from October highs while gold hit records. This is bad for […] The post Bitcoin Price Prediction: Billion-Dollar Firm Says BTC is Acting Like a Growth Stock – Is That Good or Dangerous for You? appeared first on Cryptonews.

The filings include a bitcoin and ether ETF and a staking-focused Cronos fund, deepening the Truth Social brand’s ambitions in digital asset investing.

Bitcoin and several major altcoins are attempting a relief rally, signaling that the bulls are trying to form a higher low. Key points: Bitcoin is attempting a comeback, which is expected to face stiff resistance at the breakdown level of $74,508. Several major altcoins are attempting a recovery, signaling that lower levels are attracting buyers. Read more

U.S. Treasury Secretary Scott Bessent suggested that the crypto market would be calmed by the passage of the Clarity Act.

Certain assets, like equity in a qualifying start-up company and physical property used for non-investment, were exempt from the 36% tax. The Netherlands’ House of Representatives advanced a legislative proposal on Thursday to introduce a 36% capital gains tax on savings and most liquid investments, including cryptocurrencies. The legislation reached the 75-vote threshold required to advance, with 93 lawmakers voting in favor of it, according to the House tally. Under the proposal, savings accounts, cryptocurrencies, most equity investments and gains made from interest-bearing financial instruments are subject to the tax, whether or not the assets are sold. Read more

Bitcoin’s growing correlation with tech stocks challenges its digital gold narrative, as Ether treasuries, BlackRock and Polymarket make bold moves. Bitcoin (BTC) was once pitched as digital gold — a hedge against monetary instability and market turmoil. But recent price action tells a different story. As institutional participation has grown, particularly through exchange-traded funds and other traditional vehicles, Bitcoin has increasingly traded in lockstep with risk assets. The latest downturn in software stocks, fueled by renewed uncertainty around AI’s impact on the sector, has been mirrored in crypto markets, raising fresh questions about Bitcoin’s evolving identity. That changing dynamic sets the tone for this week’s Crypto Biz. New research from Grayscale examines Bitcoin’s growing correlation with growth equities, while one Ether (ETH) treasury company is doubling down despite multibillion-dollar paper losses. Elsewhere, BlackRock is expanding its tokenization push through a Uniswap integration, and...

CFTC forms 35-member advisory panel stacked with crypto leaders as regulator signals shift toward friendlier digital asset rules.

After the bankers shared a document at the White House demanding a total ban on stablecoin yield, the crypto side answers that it needs some stablecoin rewards.

Bitcoin rallies above $69,000 as retail traders apply pressure to short positions and aim to generate a lasting bullish trend change. Bitcoin (BTC) rallied to $69,482 on Friday, and the rally coincided with data showing steady accumulation from smaller-sized holders in February. Analysts say the breakout may evolve into a broader bullish trend, although other data suggests that a longer period of price consolidation will underlie the emerging bull trend. Key takeaways: Read more

CFTC Chair forms a new Innovation Advisory Committee packed with crypto, exchange, and prediction-market CEOs Most crypto traders barely think about the Commodity Futures Trading Commission until something breaks, a lawsuit hits, or a Bitcoin futures headline crosses their feed. In the popular mental map of US regulation, the SEC is the one staring at […] The post CFTC chair just built a 35-seat crypto mega-panel, and it changes the SEC vs CFTC fight appeared first on CryptoSlate.

Bitcoin's rebound from $60K lows may be a dead cat bounce, as the daily charts scream caution and prediction markets price in more pain.

Bitcoin and Ether rebounded modestly as ETF outflows mounted, while BlackRock entered DeFi and Binance completed its $1 billion Bitcoin reserve shift. BlackRock made its first formal move into decentralized finance this week, listing its tokenized Treasury fund on Uniswap, with Bitcoin and Ether staging only modest rebounds amid heavy ETF outflows. Bitcoin (BTC) and Ether (ETH) each rose about 2.5% during the past week but were unable to cross key psychological levels due to mixed exchange-traded fund (ETF) flows and crypto investor sentiment sinking to record lows. Bitcoin ETFs started the week with two consecutive days of inflows, but they quickly reversed with $276 million in outflows on Wednesday and $410 million on Thursday. Read more

The CEO of Binance France was targeted in a recent home invasion attempt, but the executive was unharmed and the criminals were arrested.

Wallets linked to the $200 million exploit of Mixin in 2023 woke after nearly two years and moved funds to coin mixer Tornado Cash.

Coinbase just fell short of Wall Street expectations, but investors are overlooking the exchange’s resiliency, according to Bernstein.