Key Takeaways Circle saw its market value exceed $20 billion following its NYSE debut. The company reportedly rejected Ripple’s $5 billion acquisition offer as it was seen as undervalued. Share this article Circle, the USDC stablecoin issuer, made a blockbuster debut on Wall Street this week, with shares soaring to as high as $123, briefly…
Africa crypto news: A judge in South Africa wants modern crypto laws and banks in Kenya ready for crypto as Tether invests in Shiga Digital. A South African judge has criticized the country’s financial regulators for relying on Apartheid-era laws to regulate crypto. In Kenya, a Central Bank survey reveals that an increasing number of…
Robinhood has officially completed its $200 million acquisition of Bitstamp, marking a bold step toward globalizing its crypto services and deepening its reach into institutional markets. The move positions Robinhood as a serious contender in the international crypto scene, expanding beyond its U.S. base and into the European Union, the UK, and Asia. Bitstamp’s Legacy…
Today’s edition of the weekly recap covers a variety of topics including Strategy and GameStop each revealing major Bitcoin acquisitions totaling over $900 million. Meanwhile, El Salvador and Pakistan expanded their sovereign crypto reserves—despite global pressure from institutions like the… Source link
Key Takeaways BlackRock’s iShares Bitcoin Trust faced its largest single-day outflow of over $430 million. US-listed spot Bitcoin ETFs collectively experienced $616 million in outflows amid Bitcoin’s price decline. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) saw over $430 million in outflows after markets closed Friday, snapping a week-long inflow streak that had lasted…
Why is crypto crashing? One reason is that the regulatory turf war over crypto might finally be nearing a conclusion, and it’s not all good news. A new bill—called the CLARITY Act—has landed in Congress, proposing to wrest oversight of digital assets away from the SEC and hand it to the CFTC. If passed, the…
Around 92,500 Bitcoin options contracts will expire on Friday, May 30, and they have a notional value of roughly $10 billion. This week’s event is larger than usual as it’s the end of the month, which could induce more volatility into markets that have been in retreat for the past several days. Crypto Options Expiry…
The U.S. Securities and Exchange Commission has formally dropped its lawsuit against Binance and co-founder Changpeng Zhao. A joint motion to dismiss the case was filed in federal court in Washington, D.C., on May 29. In its initial complaint, filed in June 2023, the SEC claimed that Binance had diverted customer assets, inflated trading volumes,…
Key Takeaways Two NYPD officers have been placed on leave due to their alleged involvement in the kidnapping and torture of a crypto trader. The suspects sought the trader’s crypto wallet phrase during the three-week ordeal in Manhattan. Share this article Two officers from the New York Police Department have been temporarily removed from active…
In a move that feels like the end of an era, the Securities and Exchange Commission has officially dropped its lawsuit against Binance and founder Changpeng Zhao. The Binance lawsuit was one of the last major battles left from the government’s earlier crackdown on crypto, and now it’s over. Just like that. How We Got…
