Category: crypto

U.S. Treasury bond prices are rising while the dollar index has fallen to an intraday low of 98.8, indicating a shift in risk sentiment in global markets. This is driven by reassessment of Fed policy, inflation path, and demand for safe assets. The dollar’s decline could benefit cryptocurrencies like bitcoin and ethereum.

JPMorgan Chase CEO Jamie Dimon opposes the Clarity Act unless provisions are added to regulate stablecoin rewards. Dimon argues that crypto firms should not have bank-like powers without proper safeguards. The dispute has caused tension between banks and crypto companies. Dimon also criticized Coinbase CEO Brian Armstrong for lobbying efforts.

Wintermute has entered prediction markets as a liquidity provider, aiming to improve execution depth and bid-ask spreads. Prediction markets have seen significant growth, with Kalshi valued at $22 billion. Wintermute’s participation could lead to tighter spreads, making it easier to execute larger trades and reducing pricing gaps that professional firms see as tradable opportunities. Regulators…

Ripple CEO Brad Garlinghouse claims that the “anti‑crypto army” has been defeated by courts, voters, and President Donald Trump, stating that the crackdown on digital assets never made sense legally, policy-wise, or politically. He links the end of the SEC’s XRP campaign to a friendlier regulatory climate in the Trump era.

Grayscale transferred $112 million in Bitcoin to Coinbase Prime, adding to a trend of institutional-sized flows to centralized venues. This comes after other significant transfers related to ETF redemptions. Arkham is monitoring these institutional flows, with Coinbase Prime becoming a key player in handling large Bitcoin transfers from entities like Grayscale, BlackRock, and SpaceX.

VanEck launched the first U.S. spot BNB ETF on Nasdaq with a 0.39% management fee. Binance Coin price traded lower amid a broader crypto market sell-off due to rising tensions between the U.S. and Iran. Grayscale is also planning a BNB ETF, while a Zcash ETF could become the first U.S. spot privacy coin fund.

BlackRock’s Bitcoin ETF saw a significant outflow, affecting Bitcoin’s short-term price action. Other cryptocurrencies like Solana also experienced volatility due to various factors such as ETF outflows, governance concerns, and memecoin manias. The overall crypto market was influenced by macroeconomic factors, regulatory news, and derivative market activity.

Morpho has released the Midnight white paper, introducing a fixed-rate, fixed-term credit protocol for on-chain lending. The codebase is open-sourced on GitHub. Midnight aims to scale beyond volatile variable-rate markets. Morpho is now the second-largest DeFi lending protocol with $7.7 billion TVL. It allows intent-based loan matching.

Vayu CEO Erez Agmon highlights broken crypto billing as a major revenue leakage issue for scaling infrastructure firms. He emphasizes the importance of accurate billing and the need for a shift from engineering to finance in managing billing processes. Compliance regulations like MiCA are also raising the bar on auditability.

The S&P 500 reached a new all-time high near 7,400 after the US and Iran agreed to extend their ceasefire by 60 days. This news boosted risk assets, including equities and crypto. The extension allows for continued talks between the two countries on broader de-escalation.