Category: crypto

AlphaFutures remain stable while spot Bitcoin trading volume drops significantly by over 26% due to reactions from traders to Trump’s strategic reserve plan and tensions between the U.S. and China.

Mark Carney has become Canada’s new Prime Minister, replacing Justin Trudeau after a Liberal Party leadership race. Carney, a former Governor of the Bank of Canada and the Bank of England, won with 85.9% of the vote. He is critical of cryptocurrencies like Bitcoin, favoring central bank digital currencies and AI-driven economic advancements.

BBVA, Spain’s second-largest bank, has received regulatory approval to offer crypto services in the country. This includes custody and execution services for Bitcoin and Ethereum trading through its app. The bank will rely on its cryptographic key custody system for security, following the MiCA framework to standardize regulations across the EU.

Decentralized finance (DeFi) is revolutionizing the cryptocurrency space, offering innovative ways to trade and earn without intermediaries. Bitcoin Cash (BCH) has quietly evolved since 2017, becoming a strong contender in DeFi with its scalable network and low transaction costs. BCH Bull, a leading DeFi platform on BCH, offers unique incentives for traders.

Utah’s State Senate removed a provision for a state-backed Bitcoin reserve from the recently passed crypto bill. Despite this change, the bill establishes guidelines for crypto use in the state, affirming residents’ rights to self-custody digital assets, mine Bitcoin, and engage in crypto activities. Governor Spencer Cox’s signature is awaited for the bill to become…

The Thai SEC has approved the use of Tether and USD Coin in digital asset transactions. This decision allows the stablecoins to be used as trading pairs on exchanges and in ICO investments. Tether CEO Paolo Ardoino welcomed the move, emphasizing support for Thailand’s digital economy. Thailand has become one of the most crypto-friendly nations,…

Singapore Exchange Ltd. (SGX) is planning to launch Bitcoin perpetual futures in the second half of 2025, targeting institutional clients and professional investors. This move aims to bridge the gap between regulated financial markets and the crypto sector. SGX’s initiative reflects a trend of traditional financial institutions entering the crypto industry, supported by evolving regulatory…

Digital asset investment products saw outflows of $876 million for the fourth consecutive week, totaling $4.75 billion in the past month. The US led outflows with $922 million withdrawn, despite President Trump’s support for Bitcoin. Bitcoin faced heavy outflows, while Ethereum, Tron, and Aave also suffered losses. Altcoins saw mixed reactions, with Solana, XRP, and…

Coinbase is launching 24/7 perpetual futures trading for Bitcoin and Ethereum within the US through its regulated Coinbase Derivatives exchange. This move aligns US derivatives markets with global crypto trading norms and aims to provide long-term risk management strategies for traders. The launch will include various contract sizes and is in collaboration with the CFTC.

U.S. crypto firms heavily supported Trump’s reelection with $144 million in contributions, raising concerns about unchecked political spending. Coinbase and Ripple were top donors. All three exchanges faced SEC scrutiny. Ripple won a court battle, while Gemini resolved its case. Trump’s administration had conflicts of interest, raising ethical concerns. Regulatory backlash and industry instability are…