Category: crypto

Bitcoin spot volumes have decreased by 40% since January, but the use of leverage in trading has increased. This shift suggests that traders are relying more on leverage than liquidity when trading Bitcoin.

Robinhood is working on blockchain infrastructure for European retail investors to trade US securities. They are exploring partnerships with digital asset firms like Arbitrum and Solana. The plan would expand Robinhood’s European offerings beyond crypto trading. The infrastructure would tokenize US equities for near-instant settlement and cost reductions.

US Treasury could see a $2 trillion surge in demand for government debt from the digital asset sector. Treasury Secretary Scott Bessent emphasized the importance of digital assets in the economy and the need for the US to lead in shaping global standards for crypto markets. Stablecoins heavily rely on US Treasury bills, with proposed…

At its annual Sessions conference, Stripe introduced a new AI foundation model for payments, enhanced stablecoin integration, and expanded support for embedded finance. The company also announced over 60 product updates, including tools for fraud detection, personalized checkout, and improved transaction success rates. Additionally, Stripe revealed plans for stablecoin financial accounts, a USDC-denominated Visa card,…

Strive Asset Management has merged with Asset Entities Inc. to become a Bitcoin-focused treasury company operating on NASDAQ. They aim to be fully aligned with the Bitcoin Standard, offering company equity for Bitcoin and acquiring undervalued companies to access cash at a discount. They plan to raise up to $1 billion in capital through equity…

Revolut partners with Lightspark to bring Lightning Network support for Bitcoin payments to UK and select EEA countries. This enables faster and cheaper transactions for users. Revolut aims to offer more affordable financial solutions and is expanding its crypto functionality. The move reflects a growing trend of adopting decentralized payment rails in the finance industry.

Blockchain investigator ZachXBT reported that Coinbase users lost $45 million in social engineering scams. The theft is part of a pattern of crypto heists totaling over $300 million annually. Scammers contact victims through spoofed phone numbers and fake emails, gaining control over their funds. ZachXBT recommends changes to enhance user safety.

Representative Ritchie Torres plans to introduce a bill preventing federal officials from owning or trading crypto while in office to avoid conflicts of interest. The proposed “Stop Presidential Profiteering from Digital Assets Act” aims to expand financial ethics rules to include digital assets and require disclosure of holdings. The bill could have passed earlier and…

The OCC clarified on May 7 that federally chartered banks can offer crypto services like custody and execution through third-party providers if they follow risk management practices and legal compliance. This builds on earlier guidance and reflects a policy shift allowing banks to engage in crypto activities without prior approval.

Bitcoin has recovered to nearly $98,000, easing financial stress in the network. Market behavior has improved with increased capital inflows and investor sentiment. Short-term holders hold 83% of unrealized losses, but are regaining confidence. Institutional interest is rebounding, with US spot Bitcoin ETFs seeing significant inflows. Volatility is low, but further gains are not guaranteed.…