Nium integrates Coinbase’s infrastructure to enable USDC-based cross-border payments, allowing businesses to settle in fiat or stablecoins without relying on prefunded accounts. Singapore fintech Nium has selected Coinbase to integrate USDC payments into its global network to send, receive and convert stablecoins to fiat across more than 190 countries through a single platform. According to a Tuesday announcement, the integration uses Coinbase’s infrastructure for custody, liquidity and wallet services, enabling Nium’s customers to fund cross-border payouts in USDC and settle in either stablecoins or local currencies. Traditional cross-border payment systems often require companies to prefund accounts across multiple jurisdictions, tying up capital while transactions settle across time zones and banking networks, Santhosh Srinivasan, VP of Treasury at Nium, told Cointelegraph. Read more
Analysts say Bitcoin’s rally has begun, but the upside may be capped at an average spot BTC ETF cost basis near $84,000. Market analysts said Bitcoin’s (BTC) latest rally to $78,000 means that the “uptrend has began,” but the upside could be capped at $84,000, based on several key metrics. Key takeaways: Bitcoin profitability metrics say that BTC has entered the early stages of a “real rally.” Read more
The miner plans to refinance short-term debt and scale its US infrastructure as the broader industry pivots toward AI and high-performance computing. Core Scientific is seeking to raise $3.3 billion in debt to support its expanding data center operations across the United States, as crypto miners increasingly pivot toward high-performance computing and artificial intelligence workloads amid tighter conditions in the mining sector. The financing will come through senior secured notes due in 2031, the company disclosed Tuesday. The notes will be backed by Core Scientific’s assets, giving investors priority claims in the event of default. Unlike an equity raise, the offering allows the company to access capital without diluting existing shareholders. Proceeds from the offering are expected to fund ongoing data center development and refinance existing short-term debt. Read more
BTC price action slowly headed upward but funding stayed negative, a unique occurrence that analysis said would result in a short squeeze. Bitcoin (BTC) sought to match ten-week highs on Tuesday as market participants bet on a new short squeeze. Key points: Bitcoin is due a fresh short squeeze as funding rates uniquely stay negative as price grinds higher, say market pundits. Read more
Kevin Warsh faced intense questions from Senator Elizabeth Warren and other lawmakers over his more than $100 million financial disclosure ahead of a confirmation hearing. The nominee to lead the US Federal Reserve, Kevin Warsh, on Tuesday faced criticism and backlash from Democrats questioning his financial disclosures and potential conflicts of interest. Heading into today’s Senate Banking Committee confirmation hearing, it was clear that the independence of the Fed remains a key issue for many lawmakers concerned about US President Donald Trump’s influence over any Senate-confirmed candidate. With Jerome Powell’s term as the US Federal Reserve Chair set to expire next month, lawmakers are scrambling replace the long-serving official. Read more
A $517 million rise in spot volume led by Coinbase is helping Bitcoin reclaim $76,000, with steady inflows absorbing the weekend selling pressure. Bitcoin (BTC) rebounded above $76,000 on Tuesday, after the spot market demand on Coinbase exchange saw a second week of bullish volume trends. Net spot buy volume has climbed sharply over the past 15 days, signaling sustained strength from bulls, but will BTC be able to turn the $75,000 level into a long-term support level? The aggregated spot cumulative volume delta (CVD) continues to trend higher, rising to $517 million on Tuesday, up from $55 million on April 17. The broader CVD across spot and futures is above $8.5 billion, with BTC price consolidating just below $77,000 following Monday's recovery. Read more