Trump administration officials held a similar event last week to discuss stablecoin yield within a market structure bill under consideration in Congress. Update (Feb. 19 at 7:21 pm UTC): This article has been updated to include a statement from the Crypto Council for Innovation. The White House has held another meeting between representatives from the cryptocurrency and banking industries on a market structure bill under consideration in the US Senate, seeking to iron-out differences on stablecoin yield provisions, among other issues. In a Thursday Fox News interview, Ripple CEO Brad Garlinghouse said that the company’s chief legal officer, Stuart Alderoty, attended the meeting with White House officials earlier in the day. The CEO’s comments came after unconfirmed reports that the Trump administration would follow its Feb. 10 meeting on the CLARITY Act, a bill to establish digital asset market structure. That meeting did not result in a deal on stablecoins. Read more
Heavy outflows haven’t erased the success of spot Bitcoin ETFs, which still hold $53 billion in cumulative inflows, according to Bloomberg analyst Eric Balchunas. US spot Bitcoin exchange-traded funds (ETFs) may be seeing heavy outflows lately, but the broader picture tells a different story. According to Bloomberg ETF analyst Eric Balchunas, cumulative net inflows into Bitcoin (BTC) ETFs peaked at $63 billion in October and now stand at about $53 billion, even after months of redemptions. “That’s NET NET +$53b in only two years,” Balchunas wrote on X, sharing data compiled by fellow analyst James Seyffart. Read more
Bitcoin trades in a tight demand zone that formed in 2024, but previous bear market data suggests the channel will break and lead to new lows. Bitcoin’s (BTC) market structure shifted into a corrective phase after losing a key onchain valuation level in late January. Glassnode data shows that BTC's price is compressing within a 2024-era demand zone as liquidity conditions soften. At the same time, BTC's supply is steadily shifting into long-term, retail-linked wallets while exchange activity has cooled. This mix of technical and onchain data, along with the current capital rotation, may shape the next steps for Bitcoin price. Read more
New Bitcoin price analysis set out key safety nets for bulls ahead of a potential showdown with Binance traders' aggregate deposit cost basis. Bitcoin (BTC) has four new key support levels to watch as a fresh wave of bearish BTC price action aims to push the market price below $50,000. Key points: Bitcoin’s realized prices remain important milestones as the market forms a long-term floor. Read more
As both the SEC and CFTC explore 24/7 trading hours for US capital markets, several traditional financial exchanges file to expand hours in anticipation of such a move. CME Group, the world’s largest derivatives exchange, said Thursday that crypto options and futures contracts will begin trading 24 hours a day, seven days a week on May 29, pending regulatory approval. “CME Group Cryptocurrency futures and options will trade continuously on CME Globex with at least a two-hour weekly maintenance period over the weekend,” according to the parent of The Chicago Mercantile Exchange’s announcement. All trading activity on market holidays and weekends will be cleared, settled and posted the following business day, with regulatory reporting also filed on the following day, CME Group said. Read more