Bitcoin bounced back this week as stablecoin inflows surged, and DeFi faced fresh pressure from Aave governance strife, exploits and exchange security moves. Bitcoin and the leading cryptocurrencies staged a recovery this week following initial shockwaves from the outbreak of the US-Israel conflict with Iran. Bitcoin (BTC) initially fell to $63,245 on Sunday, before briefly recovering to $73,000 on Thursday, assisted by renewed demand from US-listed spot Bitcoin exchange-traded funds (ETFs), which logged $1.1 billion in net weekly inflows leading up to Thursday. In the broader DeFi space, Aave’s governance dispute continued, with the Aave Chan Initiative (ACI) saying it will not renew its engagement with the Aave DAO and plans to wind down operations in the next four months. Read more
In a Cointelegraph interview, Arthur Hayes explains why global markets may not be pricing in a longer war in the Middle East, and what that may mean for energy prices, liquidity and Bitcoin. As geopolitical tensions escalate and global markets face a new wave of uncertainty, one asset has been behaving in an unexpected way: Bitcoin. While the Middle East slides deeper into conflict and energy markets react to potential supply disruptions, the world’s largest cryptocurrency has held up relatively well compared to many traditional assets. For some observers, that resilience raises an important question: Could Bitcoin be signaling something about the macro environment that markets haven’t fully priced in? Read more
The bill legally formalizes oversight over Pakistan's crypto industry, sanctions compliance and anti-money laundering regulations. Pakistan’s parliament passed the Virtual Assets Act, 2026 on Wednesday, cementing the Pakistan Virtual Assets Regulatory Authority (PVARA), a government agency, as the country’s digital asset regulator. The framework gives PVARA, established in July 2025, the authority to enforce licensing requirements and oversight over digital asset service providers, according to an announcement from the regulator. PVARA is also tasked with setting and enforcing anti-money laundering provisions and international sanctions compliance under the new legislation. PVARA Chairman Bilal Bin Saqib said: The bill passed in both the Senate and Pakistan’s National Assembly, but must still be signed by Pakistan President Asif Ali Zardari to become law. Read more
The new onchain trading engine from the xStocks platform enables trading of more than 70 tokenized equities across Ethereum and Solana. Kraken’s tokenized equities platform xStocks has launched xChange, an onchain trading engine designed to facilitate trading of tokenized stocks across the Ethereum and Solana networks. According to the company, the system supports trading of more than 70 tokenized equities backed 1:1 by underlying shares held in custody, with prices intended to track the corresponding public market stocks. The launch adds new trading infrastructure for tokenized equities, part of the broader tokenized real-world asset market that aims to bring traditional financial instruments such as stocks onto blockchain-based trading systems. Read more
The crypto exchange responded to a Senate inquiry over sanctions by claiming that “no Binance account transacted directly with an Iran-based entity.“ Cryptocurrency exchange Binance has officially responded to a February inquiry launched by a group of 11 US senators, largely denying facilitating transactions to Iranian entities and the narrative around employees’ terminations. In a Friday letter to US Senators Richard Blumenthal and Ron Johnson of the Permanent Subcommittee on Investigations, Binance said that an inquiry launched in February into the exchange’s activities was based on reports that were “demonstrably false, unsupported by credible evidence, and defamatory in several material respects.” The exchange referred to reporting from the Wall Street Journal, New York Times and Fortune, which said that Binance fired employees that reported the company had facilitated more than $1 billion in crypto transactions to entities connected to Iran, called Hexa Whale and Blessed Trust. According to Binance, the...
Kraken secures Fed payment access, MARA clarifies its Bitcoin treasury plans, Fold cuts $66M in debt, and analysts say NYSE tokenization could attract institutions. The digital asset sector took another step toward integration with traditional finance this week when Kraken secured direct access to the US Federal Reserve’s payment rails — a milestone that could reshape how crypto companies move dollars. Direct access to the Fed’s payment infrastructure could give the crypto exchange greater control over dollar flows while reducing reliance on banking partners, a longstanding challenge for the industry. It also signals that crypto infrastructure is continuing to mature and integrate with the traditional banking system despite broader industry headwinds and a months-long market correction — one of the key themes in this week’s Crypto Biz newsletter. Meanwhile, Bitcoin (BTC) miner MARA Holdings pushed back on speculation that it plans to dump its BTC reserves, clarifying that recent regulatory filings simply expa...
Bitcoin erased its latest breakout attempt after hitting $74,000 as surprisingly weak labor-market data offered no tailwind to crypto or risk assets. Bitcoin (BTC) slipped under $70,000 around Friday’s Wall Street open as weak US employment data failed to boost risk assets. Key points: Bitcoin and stocks slump in reaction to a surprise downturn in US nonfarm payrolls. Read more