Crypto

FG Nexus began buying ETH on Ethereum's 10th anniversary but soon faced one of crypto's sharpest downturns.

US Comptroller of the Currency Jonathan Gould and New York Representative Gregory Meeks sparred over Donald Trump’s influence on regulators he has nominated as president at a Thursday oversight hearing. Jonathan Gould, the Comptroller of the Currency (OCC) nominated by Donald Trump, implied that the US president had not ordered him to approve or give special consideration to a national trust charter application tied to his family’s financial interests. In a Thursday hearing of the House Financial Service Committee on “oversight of prudential regulators,” New York Representative Gregory Meeks questioned Gould on the Trump family crypto company World Liberty Financial’s connections to foreign governments and the Binance exchange. The company, whose co-founders include Trump and his sons, applied for an OCC charter in January, prompting backlash from many Democratic lawmakers alleging conflicts of interest. Representative Gregory Meeks at a Thursday hearing. Source: House Financial Services Committee Read more

Anthropic says AI now writes most of its code and runs increasingly complex research tasks, leaving people to decide which problems are worth solving.

Rep. Bryan Steil said he'll add language to the House congressional stock ban bill to cover prediction markets like Polymarket and Kalshi.

Bitcoin price collapsed as Strategy faced tighter liquidity conditions and paused its BTC buying. Is it time to jump ship, or buy the dip? Key takeaways: Bitcoin (BTC) faced a 21% price correction in 10 days, retesting the $61,000 level for the first time in 4 months. This movement coincided with Strategy (MSTR US) company's decision to buy back some corporate debt, temporarily pausing its Bitcoin accumulation. Traders now fear that Strategy could be forced to liquidate some of its Bitcoin holdings. Read more

Some observers noted that lower share prices and higher yields can create a feedback loop that may become harder for Strategy to manage.

Political activist Bill Browder, the teenager’s father, said his son was “the first high school student in the world to be sanctioned by an authoritarian regime” over a report on the ruble-pegged stablecoin A7A5. Alexander Browder, the son of American-British political activist Bill Browder, said that he has been targeted by Russia over allegations that officials used the ruble-pegged A7A5 stablecoin to evade sanctions amid the country's war on Ukraine. In a Wednesday X post, Browder said his work through the website Global Cryptocurrency Laundering Database had resulted in him being “sanctioned by an authoritarian regime for uncovering corruption.” Specifically, he alleged in a March report that A7A5 was backed by deposits from Russian financial institution Promsvyazban and was used to circumvent Western sanctions stemming from Russia’s war on Ukraine. “The Ruble-backed stablecoin A7A5 is one of the most prevalent issues facing the West. It is sanctioned in the UK, US and EU but it still operates,” said Brow...

Demand for peptides fueled by the "looksmaxxing" trend has spawned a $100 million gray market paid for primarily with crypto.

US spot Bitcoin ETF ownership shifted during the market downturn as hedge funds exited positions, while banks and long-term allocators continued building exposure. Professional ownership of US spot Bitcoin exchange-traded funds (ETFs) declined sharply in the first quarter as Bitcoin’s bear market deepened, suggesting that trading-oriented institutions were a significant source of selling pressure during the downturn. A new report by CoinShares analyzing quarterly 13F filings — regulatory disclosures that reveal the equity holdings of investment managers with at least $100 million in assets — found that professional investors reduced their Bitcoin ETF exposure to 261,000 BTC from 313,000 BTC in the first quarter, a 17% decline. The combined value of those holdings fell 35% to $17.8 billion, while the share of total US Bitcoin ETF assets held by 13F filers declined to 20.8% from 24.7%. Read more

The industry has been trying to make a case this week the Clarity Act provides law enforcement strong tools to combat illicit finance involving cryptocurrency.

Comparisons are being drawn to 2017, when altcoins surged after BTC stabilized following a steep decline from its all-time high.

The Nobel Prize-winning AI researcher says humanity is standing in the "foothills of the singularity."

A Coinbase-Better Home & Finance initiative will allow qualified borrowers to use Bitcoin and USDC as collateral for home loan down payments. Cryptocurrency exchange Coinbase will allow qualified borrowers to pledge digital assets to fund Fannie Mae-backed mortgage apartments beginning this summer. In a Thursday notice, Coinbase and its partner, Better Home & Finance, said the mortgage structure plan launching “by summer 2026” will allow borrowers to initially use Bitcoin (BTC) or USDC (USDC) as collateral for loans to fund down payments for homes. The initiative, first announced in March, represented a significant shift in companies allowing digital assets to be used for financing houses.  Source: Pavel Danilyuk on Pexels Read more

The regulator rejected claims he's doing President Trump's bidding during a congressional hearing that also addressed the GENIUS Act stablecoin push.

Backed by economist Nouriel Roubini, a long-time anti-bitcoin advocate, and known as 'Dr. Doom,' the Atlas CEO, Reza Bundy, shot a short-term warning for bitcoin but stayed bullish in the long-term.

Grok AI is not sugarcoating its XRP price prediction, calling the correction from $3.50 exactly what it is, brutal and steep. The post Can Elon Musk Grok AI Be Right About This Scary 2026 XRP Price Prediction? appeared first on Cryptonews.

With Bitcoin falling hard this week and down nearly 50% from peak. Strategy's Michael Saylor is pointing the finger at the AI boom.

A Casascius coin tied to 25 BTC moved this week, converting a 2011 physical Bitcoin artifact into spendable BTC during a broader market selloff. Galaxy Research identified the item as an S1-COIN-25 Casascius physical Bitcoin, a large-denomination piece from the era when Bitcoin could still be handed across a table as a loaded coin. The […] The post A 2011 physical Bitcoin loaded with 25 BTC was just unlocked during the $62k selloff appeared first on CryptoSlate.

The company’s latest portfolio snapshot shows total invested capital at about $63.87 billion against a current valuation of $53.4 billion.

Bitcoin continued "incredible" 2022 bear market repeat behavior as sellers kept control over BTC price rebound attempts. Bitcoin (BTC) returned below $64,000 after Thursday’s Wall Street open as bulls nursed 13.5% weekly losses. Key points: Read more