Category: crypto
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Strategy shares jump after MSCI pauses DATCO exclusion
MSCI decided not to exclude bitcoin-focused treasury companies from its indexes, including DATCOs, boosting shares of Michael Saylor’s Strategy. The rise in popularity of firms holding digital assets like bitcoin as treasury assets has offered investors proxy exposure, but volatility and accounting treatment remain concerns. Despite gains, the sensitivity of crypto-linked stocks to market fluctuations…
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Morgan Stanley’s ETF signals major demand: Bitwise advisor
Morgan Stanley’s decision to launch a Bitcoin ETF indicates untapped investor demand and changing institutional dynamics in the crypto market. Bitwise advisor Jeff Park sees this move as a bullish signal due to the market’s size, Bitcoin’s social importance, and the investment bank’s defensive platform strategy.
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Is XRP the breakout trade of 2026?
XRP has emerged as the top performer in the 2026 crypto rally, surpassing Binance’s BNB in market value. The token has seen a sharp surge in value, fueled by its use case in cross-border payments and the resolution of regulatory issues by Ripple. Investors are turning to XRP as an alternative to Bitcoin and Ether.
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Bitcoin rally stalls as ETFs see outflows
Bitcoin experienced a drop below $90,700 as U.S. spot Bitcoin ETFs saw $243 million in net outflows. Fidelity’s Bitcoin ETF led redemptions with $312 million leaving, while BlackRock’s iShares Bitcoin Trust gained $228 million. Experts see this as portfolio rebalancing rather than a loss of conviction. Traders are now looking at other cryptocurrencies like ETH,…
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EV charging’s stablecoin test drive
Blink Charging is now accepting USD Coin (USDC) for payments at select U.S. fast-charging sites, marking its first move into blockchain-based payments. The pilot allows drivers to pay for charging sessions using a stablecoin, with plans to expand across more locations by 2026. This move aims to offer more payment flexibility as digital assets gain…
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Prediction markets encroach on gambling
Native American tribes are clashing with Silicon Valley-backed prediction markets like Kalshi Inc. and Robinhood Markets Inc., warning that online wagering threatens Indigenous communities’ economic stability. Tribes argue that these markets violate gaming laws and undermine the revenue generated by tribal gaming. Legal battles are escalating as tribes fight for their sovereignty.
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Trump family’s crypto firm WLFI seeks bank charter
World Liberty Financial, the Trump family’s crypto venture, is seeking a national banking charter to enter traditional finance. The move aims to issue stablecoins and increase institutional adoption of digital assets. This application follows other crypto firms obtaining trust bank charters, signaling a regulatory shift towards integrating them into the banking system.
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Former Brazil central banker intros yield-bearing stablecoin
Former Brazil Central Bank director Tony Volpon has introduced BRD, a stablecoin pegged to the Brazilian real and backed by government bonds. BRD aims to provide global investors with access to Brazil’s high interest rates through blockchain technology. The stablecoin is structured to distribute yield to token holders, representing a growing trend in tokenizing high-yield…
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Chen Zhi, linked to $15b Bitcoin seizure, deported from Cambodia
Chinese authorities have detained businessman Chen Zhi, linked to a large cryptocurrency fraud and money laundering operation. The founder of Cambodia-based Prince Group faces allegations of involvement in scams, money laundering, and forced labor. U.S. and U.K. authorities are pursuing legal action, and Chen’s assets may be seized for victim compensation.
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Polymarket introduces trading fees on US app, crypto markets
Polymarket, a decentralized prediction market platform, has introduced trading fees on its short-duration cryptocurrency price markets and Polymarket US app. This marks a shift from its previous zero-fee model. Takers on the app will now pay a fee of 1 basis point (0.01%), establishing Polymarket’s first revenue stream as it expands into mainstream trading markets.