Crypto News

Crypto asset manager 21Shares has launched a new exchange-traded product (ETP) offering investors regulated exposure to the native token of Cronos, a Layer 1 network developed by Crypto.com, for Web3 applications. The 21Shares Cronos ETP, which trades under the ticker CRON, is listed on Euronext Paris and Euronext Amsterdam. It carries a 2.5% annual fee and provides exposure to CRO. The product allows investors to add CRO exposure to their portfolios through brokers and banks, without handling crypto wallets or exchanges. This is the latest addition to the Zurich-based firm’s growing list of crypto-linked ETPs, which already cover various cryptocurrencies. The Swiss asset manager has also been moving to expand its offering in the...

DogeOS, an application development layer for the Dogecoin ecosystem, announced the successful closing of a $6.9 million funding round led by Polychain Capital. This capital infusion will fuel the expansion of DogeOS to allow developers to build a wide range of consumer apps—from gaming to artificial intelligence—while strengthening the Dogecoin (DOGE) ecosystem. In software terms, a layer is an operating system-like collection of software. DogeOS is specific to the Dogecoin blockchain. A bump in demand helps strengthen the fundamentals of memecoin DOGE, allowing the creation of applications and other decentralized finance (DeFi) services that bolster DOGE. “Dogecoin has always been about community and culture – DogeOS is bridging...

Singapore-based developer of bitcoin mining ASIC chips and rigs Canaan (CAN) has had a challenging period, but according to Benchmark analyst Mark Palmer, it could potentially see a five-fold increase in value. Palmer recently initiated coverage of the company's American Depository Receipts (ADRs) with a "buy" rating and a price target of $3. The shares recently closed at $0.62, experiencing a 72% decrease year-to-date. Canaan's strategy revolves around developing ASIC bitcoin chips and rigs while expanding its self-mining operations, particularly in the United States. "CAN’s vertically integrated approach differentiates it within the bitcoin mining space while positioning it to capitalize on both chip/rig sales and proprietary...

Bitcoin (BTC) options market flows indicate moderate risk aversion ahead of Federal Reserve (Fed) Chair Jerome Powell's anticipated remarks on a potential June rate cut. "While the Federal Reserve is widely expected to hold rates steady at this week’s meeting, we have only seen some nuanced demand for protective BTC puts, reflecting limited caution among sophisticated traders," said Luuk Strijers, CEO of leading crypto options exchange Deribit. A put option gives the purchaser the right but not the obligation to sell the underlying asset at a predetermined price on or before a specific date. Traders typically buy put options when looking to profit from or protect long spot market positions from market downturns. Deribit is the...

As bitcoin (BTC) and the wider crypto market await the Fed's rate decision on Wednesday, an anomaly has emerged that could weigh heavily on market mood: renewed doubt over the passing of U.S. crypto regulation. Early Tuesday, it was reported that Senate Democrats are hesitant to push forward landmark stablecoin legislation, citing concerns over President Donald Trump's growing personal gains from his crypto ventures. When Trump took office, many observers felt crypto regulation would proceed smoothly. Looking back, that optimism was probably misplaced. With the president actively involved in digital assets through family-linked projects like WLFI and memecoins, opposition has mounted, potentially slowing the regulatory progress. This...

Student loans have become a massive burden for millions of Americans. As of 2024, nearly 43 million borrowers owe a total of $1.77 trillion in student loans, with the majority being federal loans. While traditional methods of repaying student loans involve using your income to make monthly payments, you can also use crypto to tackle debt. Here are two ways to pay down student loan debt with crypto. Take Out a DeFi Loan DeFi, or decentralized finance, is a financial service that runs on blockchain networks, like ethereum (ETH). Unlike traditional banks, DeFi platforms don’t rely on human approval. Instead, they use smart contracts to let people borrow, lend, or earn interest on their digital assets. So, how do DeFi loans work? Say...

Figment, a major player in blockchain staking services, is actively looking to buy companies in a spree of crypto industry consolidation sparked by renewed optimism over U.S. regulatory clarity. The Toronto-based firm is targeting acquisitions between $100 million and $200 million, with a strong regional presence or within blockchain ecosystems, such as Cosmos and Solana, CEO Lorien Gabel told Bloomberg. He said the firm already has term sheets out for some deals, the report added. Figment helps institutions earn yield by staking, whereby tokens are locked to help secure blockchain networks and validate transactions supported by networks. The company currently manages around $15 billion in staked assets and employs about 150 people...

The recent bitcoin (BTC) price rally above $90,000 might have some holders eyeing a run to a new record topping the $109,000 hit in January. However, the path higher may not be so straightforward. The latest analysis by Glassnode shows potential for increased selling pressure from some groups of market participants at around $99,900. For a start, long-term holders — defined by Glassnode as wallets that have held coins for at least 155 days — may take profits at $99,900. This aligns with their historical behavior of selling at price levels that deliver roughly 350% paper gains. "Historically, LTHs begin distributing more aggressively around a 350% unrealized profit margin, which aligns with a $BTC price of ~$99.9k. As the market nears...

Cardano’s ADA and XRP led losses among majors on Tuesday as traders await the outcome of the upcoming Federal Reserve (FOMC) meeting, where rates are expected to stay unchanged but Fed chair Jerome Powell’s comments could provide cues on further market positioning. Bitcoin (BTC) prices held above $94,000 after briefly dipping below that level on Sunday, continuing its recent range-bound behavior. ADA price dropped nearly 4% while XRP slid similarly. Ether (ETH) fell nearly 1%, BNB Chain’s BNB rose 1.3% and memecoin dogecoin (DOGE) was down 2% in the past 24 hours. The broad-based CoinDesk 20 (CD20), a liquid index that tracks the largest tokens by market capitalization, dropped a little over 1.8%. Elsewhere, some DeFi tokens such as...

The debate over Bitcoin's OP_RETURN heats up, as developers of Bitcoin Core – the most popular node software – said they plan to scrap OP_RETURN entirely in the next release. The OP_RETURN limit is an 80-byte cap on the amount of arbitrary data that can be embedded in a Bitcoin transaction using a special, unspendable output field. “Large-data inscriptions are happening regardless and can be done in more or less abusive ways,” said Core contributor and Engineer at Blockstream Greg Sanders, known as ‘instagibbs,’ in a post on Github announcing the removal. “The cap merely channels them into more opaque forms that cause damage to the network.” The debate centered on whether lifting the 80-byte OP_RETURN limit promotes transparency and...

Democrats are putting up new resistance to crypto legislation prioritized by the Trump administration as they object to the involvement of the Trump family in that industry, in addition to a host of other issues. Their resistance burst into the open this past weekend as nine Democrats, led by Sen. Ruben Gallego (Ariz.), released a public statement opposing the GOP-led Senate bill that seemed likely to deliver a major crypto win for Trump and Republicans. The bill would establish rules governing stablecoins. Stablecoins are pegged to other assets, such as the US dollar. Senate Minority Leader Chuck Schumer last Thursday urged members not to commit to voting for the stablecoin bill, saying they need leverage to make changes, according...

Crypto's big show in the U.S. Congress has been unveiled in the form of a discussion draft of legislation that would establish for the first time a comprehensive domestic regime for regulating digital assets. The House Financial Services Committee and House Agriculture Committee — both sharing responsibility for the jurisdiction-hoping assets — released a working draft of a bill on Monday that Representative French Hill, chairman of the financial-services panel, said can deliver "much-needed regulatory clarity." "Today marks the first step in advancing a comprehensive framework that protects consumers, fosters innovation, and closes regulatory gaps in oversight," said Representative Glenn "GT" Thompson, chairman on the agricultural...

Crypto's big show in the U.S. Congress has been unveiled in the form of a discussion draft of legislation that would establish for the first time a comprehensive domestic regime for regulating digital assets. The House Financial Services Committee and House Agriculture Committee — both sharing responsibility for the jurisdiction-hoping assets — released a working draft of a bill on Monday that Representative French Hill, chairman of the financial-services panel, said can deliver "much-needed regulatory clarity." "Today marks the first step in advancing a comprehensive framework that protects consumers, fosters innovation, and closes regulatory gaps in oversight," said Representative Glenn "GT" Thompson, chairman on the agricultural...

Corporate treasury buying of bitcoin (BTC) could reach $330 billion by the end of 2029, broker Bernstein said in a research report Monday. Strategy (MSTR) is likely to be the largest buyer, with an additional $124 billion of the world's largest crypto, in the broker's bull case. The company led by Michael Saylor announced a further $21 billion at-the-market common stock offering last week to buy more bitcoin. "The U.S. pro crypto regulatory regime has further accelerated the corporate ownership growth of bitcoin," analysts led by Gautam Chhugani wrote. Bernstein expects other listed companies to allocate around $205 billion to bitcoin acquisition strategies, led by smaller firms with lower growth looking to emulate Strategy's...

Corporate treasury buying of bitcoin (BTC) could reach $330 billion by the end of 2029, broker Bernstein said in a research report Monday. Strategy (MSTR) is likely to be the largest buyer, with an additional $124 billion of the world's largest crypto, in the broker's bull case. The company led by Michael Saylor announced a further $21 billion at-the-market common stock offering last week to buy more bitcoin. "The U.S. pro crypto regulatory regime have further accelerated the corporate ownership growth of bitcoin," analysts led by Gautam Chhugani wrote. Bernstein expects other listed companies to allocate around $205 billion to bitcoin acquisition strategies, led by smaller firms with lower growth looking to emulate Strategy's...

Bitcoin-holding public companies may be sitting on a powerful market catalyst: untapped issuance capacity that could meaningfully raise bitcoin’s (BTC) price, according to new research from NYDIG. In a report published this week, the firm’s global head of research points to the “dry powder” in the form of share issuance potential among bitcoin treasury companies. If these companies take advantage of their elevated equity valuations to raise new funds and buy more bitcoin, it could trigger a significant upward move in the market. Using a back-of-the-envelope model to estimate the impact, applying a 10x “money multiplier” — a historical rule of thumb describing how capital inflows have historically influenced bitcoin’s market cap — a...

Bitcoin's weekend price movement has highlighted the $88,800 support level, while XRP seems close to confirming a bearish chart pattern known as the "death cross." BTC fell 1.5% on Sunday (UTC), breaking out of a trendline that connected lows reached on April 9 and April 20. The breakdown of this rising trendline, considered a demand zone, suggests that the recovery rally from April 9 lows under $75,000 may have completed, indicating potential for a renewed price dip. Prices crossing below the Ichimoku cloud on the hourly chart, a momentum indicator, also implies the same. On the downside, $88,800 could serve as a key support level, having previously capped upward moves on March 24 and April 2, suggesting it may act as a critical...

Shares of the Bitcoin-focused exchange traded fund iShares Bitcoin Trust ETF (NASDAQ: IBIT) rallied 14.3% in April, according to data from S&P Global Market Intelligence. The IBIT is the most-traded and liquid Bitcoin ETF, and is run by Blackrock (NYSE: BLK), the largest asset manager in the world. IBIT is essentially a way to buy Bitcoin through traditional custodial entities, and its value tends to mirror the price of Bitcoin exactly. Bitcoin has often been touted as a store of value and hedge against geopolitical disaster or runaway inflation, similar to gold; however, Bitcoin hasn't really traded that way in the past. Typically, Bitcoin's performance has mirrored that of speculative technology stocks during past downturns...

MoneyGram introduces API to bridge cash and crypto with ease Payments network MoneyGram has unveiled MoneyGram Ramps, an API aimed to facilitate cash-to-crypto and crypto-to-cash services via a single integration. This initiative is designed to connect digital wallets, exchanges, and fintech applications with MoneyGram's worldwide cash network, allowing for the incorporation of crypto on/off-ramp functionality on a global scale. With this API, developers can enable cash deposits in over 30 countries and cash withdrawals in more than 170 countries via MoneyGram's network. MoneyGram Ramps aims to streamline integration processes, lowering deployment time from months to minutes. The setup for a sandbox environment, which previously...

Binance has joined forces with the National Agency for Investments of the Kyrgyz Republic through a memorandum of understanding (MoU) to foster the growth of the digital asset sector in the region. The announcement came during the first meeting of the Council for the Development of Digital Assets, attended by Kyrgyz President Sadyr Nurgozhoevich Japarov. The collaboration will introduce Binance Pay in Kyrgyzstan, facilitating crypto-based payment solutions. This move is expected to expand cross-border payment systems across Central Asia and the Eurasian Economic Union (EAEU). The MoU also focuses on educational initiatives, with Binance Academy assisting the National Agency in crafting educational programmes. These initiatives aim...