Crypto News

Asia Morning Briefing: Institutional Buying Makes $3K ETH Likely, While AI Agents Seek Crypto Rails Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. As Asia begins its Thursday business day, ETH is trading at $2,770. ETH is up almost 11% this month, according to market data, outperforming BTC, which rose 5%. Part of this could be because of institutional trading demand and the fact that it's overtaken BTC in derivatives markets as sophisticated investors increasingly bet on ETH’s structural growth and role as a gateway between decentralized finance (DeFi) and traditional finance (TradFi)...

Coinbase claims to reduce account freezes by 82% Coinbase (Nasdaq: COIN), the largest crypto exchange in the U.S., has successfully reduced account freezes by 82%, according to CEO Brian Armstrong on 6 June. Armstrong acknowledged that account freezes have been a significant issue for the exchange, but the team has largely resolved the matter. With account freezing reduced by 82%, further system improvements are expected, and the community will be kept updated, said Armstrong. He encouraged users whose accounts are still restricted, except those sanctioned for illegal activity, to contact support for a speedy resolution. He particularly commended Dor Levi for resolving the issue. Levi, who recently joined Coinbase’s product team...

Wall Street’s hottest ETF hits $70B five times faster than S&P 500 and gold ETFs When the U.S. Securities and Exchange Commission approved the first spot Bitcoin ETFs back in January 2024, many doubted they’d move the needle. Less than 18 months later, BlackRock’s iShares Bitcoin Trust (IBIT) has officially surpassed $70 billion in assets under management, making it the fastest-growing exchange-traded funds (ETFs) in history. It took IBIT just 341 trading days to hit this milestone. That’s five times faster than the SPDR Gold Trust (GLD), which took 1,691 days to reach the same threshold. Even the S&P 500 ETF (VOO) needed 1,701 days to cross the $70 billion mark. According to daily net flows tracked by Farside Investors, across 11...

Veteran crypto investor Tuur Demeester, known for his insightful macro analysis and prescient investment calls, has issued another warning regarding profound structural changes unfolding within the global financial system. Tuur Demeester called the decline in TSLA stock well in advance in 2022, telling investors to swap the TSLA stock for BTC, five months later and TSLA lost 53% of its value against BTC, so he was right to go contrarian. In a detailed post published on X on June 11, Demeester speculated that we are witnessing a seismic shift away from the dilution and debasement characteristic of fiat-based capital, toward forms of scarce, work-based value, such as Bitcoin. To support his thesis, Demeester included a chart...

US Regulators Push Through Last-Minute Delay to New Private Fund Reporting Rules NEW YORK (Reuters) - U.S. regulators scrambled on Wednesday to extend a deadline for new data reporting requirements for investment advisers to private funds, just one day before they were due to take effect. The rules, adopted by two U.S. markets regulators in February 2024, will require advisers to disclose more information to regulators in a bid to boost the government's ability to spot risks from private markets that have swelled in size in recent years. The U.S. Securities and Exchange Commission extended the deadline for compliance to later this year in a 3-1 vote on Wednesday, less than 24 hours before firms had to comply. The Commodity Futures...

Why the Market Dipped But Chipotle Mexican Grill (CMG) Gained Today In the latest trading session, Chipotle Mexican Grill (CMG) closed at $51.79, marking a +2.31% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.27%. Heading into today, shares of the Mexican food chain had lost 0.06% lagging the Retail-Wholesale sector's gain of 4.25% and the S&P 500's gain of 6.9%. The investment community will be paying close attention to the earnings performance of Chipotle Mexican Grill in its upcoming release. The company is slated to reveal its earnings on July 23, 2025. The company is expected to report EPS of $0.32, down 5.88% from the prior-year quarter. In the meantime, our current consensus...

Image source: Getty Images. Key Points Leisure and entertainment giants Carnival (NYSE: CCL) and The Walt Disney Company (NYSE: DIS) offer an abundance of options for anyone thinking about taking a vacation this summer. The two companies can also represent compelling investments, with both stocks gaining momentum in recent months. Can the rally keep going? Let's discuss whether shares of Carnival or Disney are the best buy for your portfolio right now. The case for Carnival stock As the world's largest cruise line operator, Carnival is capitalizing on an industry renaissance, with data suggesting that this form of vacation travel is more popular than ever. Efforts to optimize its fleet and enhance financial efficiency are paying...

A new fiasco is emerging on Wall Street between famous short-seller Jim Chanos and Bitcoin maximalist Michael Saylor, executive chairman of Strategy (formerly MicroStrategy). Chanos has focused on the company's high market premium relative to its Bitcoin holdings, suggesting that traders should consider shorting the stock and buying Bitcoin directly. But Saylor is not taking it lying down. In a Bloomberg TV interview on Tuesday, he crudely dismissed Chanos's thesis, saying, "I don't think he understands what our business model is," referring to Chanos. "We're not a passive holding company or trust. We're an operator; we're not a passive financial innovator." Chanos' call-out focused on the company's high premium to net and its...

CoinDesk Live at Ripple Apex 2025 | Day 1 CoinDesk Live is coming to you from the XRPL community's biggest gathering of the year at Apex 2025. Tune in to hear firsthand about XRP Ledger innovations as we speak with the visionaries reshaping the future of finance. This article has been published in CoinDesk via Yahoo News. https://finance.yahoo.com/video/coindesk-live-ripple-apex-2025-195623262.html

Bitcoin loans fund homes and bills, says Ledn co-founder In an interview, Ledn co-founder Mauricio Di Bartolomeo laid out the everyday reasons people mortgage their Bitcoin rather than sell it. Many borrowers turn to Ledn when they have built significant wealth in Bitcoin. “Many of our clients have accumulated a significant amount of wealth in Bitcoin,” Di Bartolomeo said, noting that people with millions in Bitcoin often want to “buy a bigger home for their growing family.” But banks “will say, what's that? That's not an asset.” Bitcoin lending Bitcoin lending and borrowing lets owners use their coins as collateral to get fiat loans without selling. By locking Bitcoin with a lender like Ledn, borrowers can get cash while retaining...

XRP Wants to Target 14% of SWIFT Market by 2030, Ripple CEO Says XRP could capture 14% of the SWIFT market share within the next five years, said Ripple CEO Brad Garlinghouse. With a market cap of $136 billion, XRP is the fourth-largest cryptocurrency. Ripple has partnered with many institutions to provide the XRP payment solution that has been lauded for its faster and more economical model. SWIFT, on the other hand, is the backbone of the global banking system, as most international fund transfers depend on its messaging service for sharing transaction details. In fact, over 11,000 financial institutions in more than 200 countries have integrated SWIFT into their systems for international money transfers. Ripple CEO underlined...

None Key Takeaways Bitcoin (BTCUSD) has rallied over the past week to approach the record high it set last month, tracking the strong performance of U.S. equities and encouraging signals about the U.S. economy. The legacy cryptocurrency moved as high as $110,400 Wednesday morning after a closely watched inflation report showed that consumer prices rose less than expected last month, good news for investors who are hoping the Federal Reserve could be in a position to cut its benchmark interest rate this year. The price of bitcoin dropped to $108,800 recently, as U.S. stocks backed off their earlier highs as well. Once a fringe financial asset dismissed by the mainstream, cryptocurrencies have gained new legitimacy this year thanks in...

Dogecoin rebounds 3% as Elon Musk backs down from feud with Trump Dogecoin, a crypto memecoin that tends to fluctuate on Musk-related news, rebounded on Wednesday after tech billionaire Elon Musk backed down from an escalating feud with President Donald Trump. “I regret some of my posts about President @realDonaldTrump last week,” Musk posted on X early Wednesday morning. “They went too far.” Dogecoin popped 3% in the minutes that followed Musk’s apology, jumping from 19 cents to above 20 cents, according to Binance. The currency has pulled back slightly since the post but remains up 2%. By comparison, Bitcoin is up less than a tenth of a percent since the post. The price rebound comes after Dogecoin fell 11% to 17 cents last week...

Crypto Industry-Backed Stablecoin Bill Advances in US Senate The Senate advanced bipartisan stablecoin legislation supported by the crypto industry and President Donald Trump, with final passage of the measure likely next week. Senate leaders are expected to bat away efforts to attach language pushed by retailers and their allies in the Senate to mandate competition to Visa Inc. and Mastercard Inc. in credit card processing, as well as a Democratic push to ban Trump from profiting off his crypto ventures. The 68-30 procedural vote on Wednesday clears a key procedural obstacle. It came a day after the House Financial Services and Agriculture committees advanced broader crypto legislation, with Republicans beating back amendments...

Fractal Bitcoin is creating a programmable layer secured by Bitcoin miners In an interview with TheStreet Roundtable, Spencer Yang, co-founder of Fractal Bitcoin and managing partner of BlockSpaceForce, traced his journey from building CoinMarketCap and leading retail products at Coinbase to redefining Bitcoin’s potential. After two and a half years ago, he saw a gap: while Bitcoin excels as a store of value, it can also power payments, applications and new protocols — if the right infrastructure is in place. Standing out in a crowded field At Bitcoin 2025, many scaling solutions vie for attention. Yang insists Fractal’s edge lies in respecting Bitcoin’s core. By merge-mining with major pools, Fractal aligns miner incentives and...

Digital Assets Are One Step Closer to Regulatory Clarity The United States is on the brink of a new technological frontier – one powered by blockchain and digital assets. These assets are not just the next phase of the internet, but lay the foundation for a more secure, decentralized, and inclusive financial future. From reimagining global payments to protecting data privacy, the potential of blockchain-based systems is endless. Despite the promise of this technology, the United States remains without a clear, comprehensive federal regulatory framework for digital assets. This absence has created uncertainty for innovators, consumers, and investors alike. Entrepreneurs operating in the digital asset space face ambiguous rules and...

Will Coinbase's Subscription & Services Revenues Fuel its Top Line? Coinbase Global Inc. (COIN) is steadily expanding its subscriptions and services revenues to diversify income and enhance business resilience. Transaction revenues continue to be the biggest revenue stream for this crypto leader. As trading revenues remain sensitive to crypto market volatility, subscription and services provide a more stable foundation, underpinned by predictable, fee-based, non-transactional offerings. Subscription and services revenues have shown consistent growth, with USDC-related stablecoin income becoming an increasingly important driver. Rising average USDC balances across both customer and corporate accounts are expected to enhance stablecoin...

The Case for Investing in Digital Assets First of all, with digital assets, you get a quantitative diversity of return. Per increment of risk to reward, the ratio of the performance of bitcoin to the S&P 500 is more than three to one. So if you're going to invest money, one of the best risk-reward ratios is, without question, in digital assets as a stand-alone asset class. Secondly, you get something new with digital assets that you didn't have before, and that's transparency. Public blockchains are auditable in real time, so they are trustless. You also get economies of scale and capital efficiencies. That's what this technology does — it makes things easier, cheaper, better, and faster. Thirdly, I believe bitcoin is one of the most...

Figuring out a stablecoin approach? Bank of America Chair and CEO Brian Moynihan speaks during the Clearing House Annual Conference in New York City, U.S. November 13, 2024. REUTERS/Brendan McDermid/File Photo Bank of America: In on stablecoins? Bank of America (BAC) CEO Brian Moynihan said Wednesday that the country’s second-largest bank is going to take a look at stablecoins after key crypto legislation passes. “We're working with the industry, working individually. We have this pretty well understood … but the problem before was it wasn't clear we were allowed to do it under the banking regulations, and there was a lot of mystery about that,” Moynihan said at a Morgan Stanley conference in New York. Unlike bitcoin and other...

Sweden's H100 Group Rallies Another 30% After Raising $10M for Bitcoin Treasury Strategy Sweden-based H100 Group, a publicly-traded health and longevity company that recently adopted a bitcoin BTC strategy, said it has raised $10.5 million (SEK 101 million) from a group of crypto-focused investors including Blockstream CEO Adam Back, UTXO Management, and several family offices. According to a Wednesday press release, the fundraising was split between SEK 69.65 million in two share issues and SEK 31.35 million in convertible loans. The share issues saw participation from a mix of crypto investors and Nordic family offices. The convertible loans carry no interest and mature in five years. Investors can convert the loans into equity at...