Crypto News

- Bitcoin Tumbles With Stocks as Trump Signals Harder Iran Strikes Bitcoin tumbled after US President Donald Trump indicated there would be harder strikes against Iran in the coming weeks, denting optimism about a quick end to the war and sending risk assets lower. Cryptocurrencies fell across the board. Bitcoin dropped as much as 2.9% and was trading around $66,300 as of 11:15 a.m. in London. Smaller tokens took a bigger hit, with Ether down as much as 5.2% and Solana falling by a similar magnitude. Investors pulled back from risk assets following a speech from Trump that damped hopes of an imminent end to the military conflict with Iran. MSCI’s Asia Pacific Index partly reversed Wednesday’s rally and Brent crude jumped above $108...

- Bitcoin, Gold, and U.S. Stocks Dive as Trump Pledges to Hit Iran ‘Extremely Hard’ Bitcoin and the broader financial markets, including gold and U.S. stocks, tumbled after U.S. President Donald Trump’s prime-time address on the war in the Middle East Wednesday. In the address, Trump provided an update on the U.S. military campaign against Iran, codenamed Operation Epic Fury. He declared major victories after one month of operations, claiming that Iran’s navy had been destroyed, its air force ruined, key terrorist leaders eliminated, and missile capabilities “dramatically curtailed.” Trump framed the operation as essential to prevent Iran from acquiring nuclear weapons. He projected that core objectives are “nearing completion.”...

- Bitcoin Tumbles With Stocks as Trump Signals Harder Iran Strikes Bitcoin (BTC-USD) tumbled on Thursday after US President Donald Trump indicated there would be harder strikes against Iran in the coming weeks. Cryptocurrencies fell across the board. Bitcoin dropped as much as 2.9% and was trading around $66,500 as of 7:45 a.m. in London. Smaller tokens took a bigger hit, with Ether down as much as 4.9% and Solana falling as much as 5.1%. Investors pulled back from risk assets following a speech from Trump that damped hopes of an imminent end to the military conflict with Iran. MSCI’s Asia Pacific share index fell 1.7%, reversing a rebound. Brent crude, meanwhile, jumped more than 5% to above $106 a barrel. “Stock and commodity...

- Russia is about to roll the dice on crypto regulation. Here’s its playbook There’s a hole in Russia’s finances, and it’s becoming too big for the Kremlin to ignore. In September, the government set a budget deficit cap of $46 billion for 2026. The problem? The deficit already stood at 91% by the end of February, with pundits blaming a 50% drop in oil and gas revenues. Rising oil and gas prices may help alleviate some of the pain. But belts clearly need to be tightened in Moscow. That’s why the Ministry of Finance has made preventing capital from leaking overseas its major priority this year, starting with crypto. “The Moscow Exchange says Russian traders pay approximately $15 billion annually in fees to overseas crypto...

- Franklin Templeton to acquire crypto investment management firm Franklin Templeton will acquire cryptocurrency investment management firm 250 Digital for an undisclosed sum in a deal expected to close in the second quarter, the companies said Wednesday. Among the assets Franklin Templeton is buying are 250 Digital’s investment team and “all liquid cryptocurrency strategies previously run by CoinFund,” according to a release Wednesday. CoinFund President – and 250 Digital’s CEO – Christopher Perkins will lead the newly formed Franklin Crypto unit alongside fellow CoinFund alum Seth Ginns and Franklin Templeton Digital Assets executive Tony Pecore. “Crypto’s institutional moment has arrived, and Franklin Crypto will help our global...

- Cardano founder warns of 15-year trap in crypto regulation U.S. lawmakers are still trying to sort out the Digital Asset Market CLARITY Act, a major effort to clean up the country’s cryptocurrency rules. The bill is meant to clearly divide oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), deciding which digital assets count as "securities" and which as "commodities". While the House passed the bill last July, it has stalled in the Senate and is facing criticism from major parts of the crypto industry. ‘Security by default’ concerns Charles Hoskinson, Cardano and Midnight founder, is among those raising concerns about the bill’s current structure. He argues that it...

- De-fi platform Drift suspends deposits and withdrawals after millions in crypto stolen in hack Decentralized finance company Drift says it has suspended withdrawals and deposits after confirming a security incident. The crypto platform said in a post on X that it was “experiencing an active attack,” and that it was working to “contain the incident.” Security researchers and public blockchain data suggest the losses could be significant. Blockchain security firm CertiK said on X that hackers may have stolen around $136 million, while crypto analytics firm Arkham put the figure at around $285 million stolen. If confirmed, this would make the Drift hack the largest crypto theft of the year, according to the Rekt leaderboard, a site...

- Bitcoin Price Prediction as Miners Spend $80,000 to Produce One Bitcoin Bitcoin (CRYPTO: BTC) miners are the most committed crypto believers as they stake their entire businesses on the idea that Bitcoin is worth producing. Right now, it is costing them more to mine a single coin than that BTC is worth. According to CoinShares' Q1 2026 mining report, the average publicly listed miner spent roughly $80,000 to produce one BTC last quarter, and Bitcoin is trading around $67,000. Instead of holding on and waiting for the Bitcoin price to recover, miners are doing something that tells you a lot about where they think things are heading. They are signing billions in AI contracts, selling Bitcoin from their own treasuries, and in some...

- Crypto Shops Keep Inking Deals, Bear Market or Not Crypto is for closers, bear market or not. Though coin prices have been almost cut in half since reaching record highs in October, crypto shops are still cutting deals and landing on major U.S. exchanges. CoinShares, a European asset manager best known for their crypto ETFs, is the latest newcomer to the Nasdaq Exchange, listing under the ticker "CSHR" on Wednesday after closing its deal with blank-check company Vine Hill Capital. Shares closed 1.3% lower at $8.61. Companies try to time their public debuts when market vibes are good, which hasn't been the case lately given the warring in the Middle East. CoinShares CEO and co-founder Jean-Marie Mognetti told CNBC in an interview...

- These Three Altcoins Just Got Leveraged Crypto ETFs Volatility Shares debuted three exchange-traded funds (ETFs) that amplify price swings for cryptocurrencies on Wednesday, adding to the growing list of vehicles enabling traders to speculate on the digital assets with leverage. The ETFs offer 2x exposure to Cardano, Stellar, and Chainlink, representing some of the largest altcoins in the cryptocurrency market. Their respective market caps clock in at $9 billion, $6.3 billion, and $5.6 billion, as of Wednesday afternoon. In addition to the 2x ETFs, Volatility Shares debuted funds that offer traditional exposure to futures for Cardano, Stellar, and Chainlink. Previously, Volatility Shares moved to establish 2x ETFs for Bitcoin...

- Solana DeFi Exchange Drift Protocol Exploited, Upwards of $285 Million Stolen Solana-based decentralized exchange Drift Protocol is actively experiencing an exploit that has led to the theft of more than $200 million in funds, on-chain data shows. The protocol, which is primarily used to trade perpetual futures, has paused deposits and withdrawals amid the attack. “Drift Protocol is experiencing an active attack,” it posted on X around 3:00 p.m. ET on Wednesday. “Deposits and withdrawals have been suspended. We are coordinating with multiple security firms, bridges, and exchanges to contain the incident. This is not an April Fools joke,” the company posted. Reports of suspicious activity began around two hours earlier when...

- Tether co-founder issues blunt warning on Bitcoin as a currency When Reeve Collins first encountered blockchain technology in 2013, he recognized a revolutionary tool capable of moving money globally and instantly. However, he also identified a significant barrier to mainstream adoption: the only asset moving on these networks was Bitcoin. According to Collins, the very nature of Bitcoin makes it unsuitable for the roles traditionally held by money. "That's been the challenge of Bitcoin," Collins explained in a recent interview with Sujal Jethwani. The insight that led to Tether This realization eventually led Collins to co-found Tether. He saw that while the blockchain was a groundbreaking invention, it lacked a stable unit of...

- Solana-based Drift Protocol confirms it’s under attack after $285m leaves DeFi platform Trading platform Drift Protocol said Wednesday that it was experiencing an “active attack” and advised users not to deposit funds into the protocol following news that $285 million had disappeared. The Solana-based perpetual futures exchange’s native token, DRIFT, dropped sharply on the news. CoinGecko data shows it was trading hands for a little over $0.05 after dropping 11% over a 24-hour period. “Drift Protocol is experiencing an active attack. Deposits and withdrawals have been suspended,” Solana-based app’s team wrote via its official X account. “Proceed with caution until further notice.” It added that it was coordinating with multiple...

- What's the Scoop? EDX Markets, a cryptocurrency exchange supported by Citadel Securities, has submitted an application to the Office of the Comptroller of Currency (OCC) seeking a national trust bank charter. Why It Matters The application signals the company's ambition to fortify its presence and credibility within the financial regulatory landscape. Earning a national trust bank charter could provide EDX Markets with enhanced trustworthiness and operational latitude compared to entities without such a charter. It could also place the exchange in an advantageous position as the regulatory environment around cryptocurrencies continues to evolve globally. The Bigger Picture A national trust bank charter is significant because...

- The Side Hustle Economy's Crypto Moment A name floating around Crypto Twitter that, at first glance, feels slightly out of place is Whop. Whop is an online marketplace for digital entrepreneurship: while not "crypto-native," Whop operates in the same cultural air, given what activities are most prominently featured: ways to make money quickly, exploit short-lived edges, arbitrage attention, or package know-how into subscriptions. This is the same emotional register as the more mercenary corners of crypto speculation that have appeared in recent years (trading bots, "paid" groups, etc.). Digital products optimized around speed, leverage, and asymmetric upside. Founded in 2021, Whop has scaled rapidly since its launch. Last year...

- Crypto Asset Manager 'CoinShares' Receives Nasdaq Listing via SPAC Equity interests in CoinShares began trading on Nasdaq earlier today. The European digital asset manager reportedly closed a go-public deal with Vine Hill Capital on Tuesday. What's the Scoop? CoinShares, a leading European digital asset manager, has successfully listed on Nasdaq. This move follows a strategic go-public deal with Vine Hill Capital. The listing is expected to enhance CoinShares' visibility and accessibility within the financial markets, likely increasing its appeal among investors interested in digital asset management. This article has been published in cointelegraph.com via Yahoo News...

- Galaxy Digital (GLXY) shares have gained new utility on the blockchain, marking a significant milestone in digital finance. After becoming the first NASDAQ-listed company to tokenize its equity on a public network, Galaxy now allows shareholders to use these digital tokens as collateral in decentralized finance (DeFi). Through a partnership with the equity platform Superstate and the lending market Kamino, eligible investors can now utilize their shares without selling them. This initiative aims to bridge the gap between traditional brokerage accounts and the speed of the Solana blockchain. Unlocking value on Solana The tokenized GLXY shares are available on the Superstate Market on Kamino, the largest lending market on the Solana...

- Franklin Templeton Launchs Crypto Business For Institutions Investment giant Franklin Templeton (NYSE: $BEN) is launching a new cryptocurrency business for institutional investors. The California-based company has acquired 250 Digital, which is being spun-off from venture capital firm CoinFund. The purchase of 250 Digital enables Franklin Templeton to launch a new business unit called “Franklin Crypto” that will primarily target institutional investors. The new business will be run by crypto industry veterans Christopher Perkins, Seth Ginns, and Tony Pecore, said Franklin Templeton in a news release. Currently, Franklin Templeton manages about $1.8 billion U.S. in digital assets. Although the company has a total of $1.71 trillion...

- Crypto exchange Bithumb postpones IPO bid amid economic uncertainty South Korea’s second-largest crypto exchange has postponed its plans to go public by at least two years. The firm had planned to launch an initial public offering on the US-based Nasdaq stock exchange in the first half of 2026. But following a calamitous start to the year, with the firm facing fines and suspensions for compliance violations, shareholders have agreed to put its IPO plans on ice. “It is highly likely that the listing will take place after the start of 2028,” a Bithumb spokesperson told South Korean newspaper Maeil Kyungjae. “We will focus on preparing for the listing for the remainder of this year and in 2027.” Conversely, Bithumb’s closest and...

- Bitcoin Gets Its First Bond Rating as Moody's Grades New Hampshire Deal Wall Street credit agency Moody's just issued its first credit rating to Bitcoin-backed bonds. Moody's Ratings has assigned a provisional Ba2 rating to a pair of Bitcoin-backed revenue bonds to be issued through the Business Finance Authority of the State of New Hampshire. A credit rating works much like a credit score for an individual borrower. It's an independent assessment of how likely a debt is to be repaid. The firm says this is the first time a major credit agency has rated a bond directly collateralized by Bitcoin. The bonds, issued under the Waverose Finance Project, carry a combined face value of up to $100 million and are due in 2029. The Ba2...