Spot Bitcoin ETFs See First May Outflows Amid BTC Pullback
The five-day inflow of about $1.7 billion into US-listed spot Bitcoin (BTC) ETFs came to a stop when Bitcoin dropped below $80,000. On Thursday, $277.5 million left Bitcoin funds, marking…
Bitcoin Volatility Intensifies Around $80K After US Jobs Data
Adding to the difficulties, positive US employment statistics compounded Bitcoin’s (BTC) $80,000 recovery at Friday’s Wall Street open. The data from CMC showed that the price of Bitcoin continued to…
Australia Busts Darknet Operation, Seizes Bitcoin Worth $4.1M
In what is supposedly one of the biggest crackdowns on an illicit darknet marketplace utilizing cryptocurrencies in Australia, cybercrime police confiscated 52 Bitcoin with a value of 5.7 million Australian…
Crypto Exchange Coinbase Restores Trading After AWS Outage
After limiting markets and gradually reopening them due to an Amazon Web Services (AWS) outage, cryptocurrency exchange Coinbase has resumed trading across its exchange, website, and mobile applications. Coinbase systems…
Polygon Cuts Block Time to Boost Institutional Adoption
As the Polygon network delves more into stablecoin payments and settlement infrastructure, the layer-2 blockchain recorded its first block-time decrease since inception, reducing the average block time by 250 ms…
Kraken Parent Payward to Acquire Reap in $600M Deal
Payward, parent company of Kraken, has agreed to spend up to $600 million to purchase Reap Technologies, a Hong Kong-based firm that specializes in stablecoin payments and B2B financial infrastructure.…
South Korea Confirms 2027 Launch for Crypto Gains Tax
The long-postponed tax on cryptocurrency gains will, according to South Korea’s Finance Ministry, go into force in January 2027. During an emergency parliamentary conference on virtual asset taxes at the…
JPMorgan and Mastercard Complete Tokenized Treasury Settlement on XRP Ledger
Using Ripple’s XRP Ledger and interbank settlement rails, JPMorgan and Mastercard have executed the first ever cross-border, cross-bank redemption of a tokenized US Treasury fund. The US Ondo Short-Term US…
Prediction Market Platform Kalshi Secures $1B Funding at $22B Valuation
Institutional investors are increasingly using event contracts for trading and hedging, and prediction market platform Kalshi claimed it secured $1 billion in fresh capital at a valuation of $22 billion.…
Bank of England Stablecoin Plan Triggers Crypto Industry Pushback
In an effort to entice and cultivate a domestic cryptocurrency sector, the Bank of England (BOE) has put out many suggestions about the regulation of stablecoins, with the goal of…