Bitcoin’s current correction is the largest of the bull market, but data indicate that the price is approaching prime capitulation territory. Bitcoin’s (BTC) drawdown on Monday pushed the asset into a 26.7% loss, narrowly overtaking the 26.5% slide seen in April, and marking the steepest correction of the current bull market. The move red-lined multiple market structure indicators, suggesting the current correction could be a final leverage washout phase. Key takeaways: Bitcoin’s 26.7% correction is now the largest of the cycle. Read more
2026 will likely be a busy year for crypto exchange-traded funds, which could help renew investor interest in digital asset markets. The US government's ending of the shutdown and return to the normal legislative session may spark a surge in new crypto exchange-traded fund (ETF) approvals by the Securities and Exchange Commission (SEC) in 2026, according to market analysts. There is “huge” demand for crypto ETFs and exchange-traded products (ETPs), Matt Hougan, chief investment officer at investment firm Bitwise, told CNBC on Wednesday. Demand for crypto index ETFs will be driven by investors looking for a small, passive crypto allocation, Hougan said. Read more
The ECB is concerned that US dollar stablecoins could weaken its ability to affect policy, and European issuers have ideas about how this could be solved. Central bankers in the European Union are making the case that US dollar-backed stablecoins could be a threat to their ability to make monetary policy. The stablecoin market has boomed over the past year, largely driven by legal certainty in the US. Each month marks a new all-time high for stablecoin market capitalization. But policymakers at the European Central Bank (ECB) are concerned about what this increased adoption of dollar-based assets could mean during a time of crisis. Issuers of stablecoins backed by the euro and the pound recognize those risks as well, but they don’t believe that proposed solutions, like a digital euro, can provide an alternative fast enough. They also question whether a central bank digital currency is the right fit. Read more
The confidential filing with the SEC for a US initial public offering came less than a week after Grayscale Investments announced a similar move. Kraken, the US cryptocurrency exchange headquartered in Wyoming, announced the confidential filing of a draft registration statement for a proposed initial public offering, following months of speculation among many in the cryptocurrency and blockchain industry. In a Wednesday notice, Kraken said it had confidentially submitted a Form S-1 with the US Securities and Exchange Commission for a proposed IPO of its common stock, setting the groundwork for the company to go public. The potential IPO is subject to review by the SEC, which recently returned to full operations and staffing after a 43-day government shutdown. The filing came less than a week after Kraken co-CEO Arjun Sethi gave an interview in which he said the exchange wasn’t “rac[ing] to the door as quickly as possible” to go public. Reports had been circulating since 2024 suggesting that Kraken was planni...
Kohaku brings practical privacy to Ethereum wallets with safer recovery, private modes and shared standards designed for real-world use. When Vitalik Buterin walked on stage at Devcon 2025 to demo Kohaku, he summed up Ethereum’s situation bluntly. The network has strong security and privacy research and solid layer-1 security. But it still hasn’t “leveled up the last mile,” the wallets and apps people actually use. On paper, Ethereum has spent a decade leading the way. Elliptic-curve precompiles in 2018 opened the door to zero-knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKs) and privacy tools like Tornado Cash and Railgun. The DAO hack in 2016 pushed the ecosystem toward serious audits, helped drive demand for robust wallets such as Gnosis Safe and turned multisigs from a niche idea into standard practice. Yet everyday private use in 2025 still feels clumsy. People juggle extra seed phrases, install special wallets, hope public broadcasters don’t fail and often fall back to centralized ex...