Crypto News

- Strategy and Bitmine Immersion Technologies Tumble 6%: Is the Crypto Treasury Trade Running Out of Steam? Strategy (NASDAQ:MSTR) stock and Bitmine Immersion Technologies (NYSE:BMNR) stock are both sliding 6% Wednesday afternoon. The shared catalyst is a downturn in cryptocurrency sentiment, and these are pure-play crypto treasury stocks with nowhere to hide. The two companies sit on opposite sides of the crypto aisle. Strategy holds 713,502 Bitcoin (CRYPTO:BTC) on its balance sheet, the largest corporate Bitcoin position in the world. Bitmine, meanwhile, holds the world's largest Ethereum (CRYPTO:ETH) treasury, with nearly $10 billion worth of ETH. When these cryptocurrencies pull back, both stocks pull back harder. That leverage...

- Crypto Market Structure Bill to Face Key Vote in April and Must Pass by May, Senators Say After months of setbacks, a final plan is emerging from Senate Republicans to get a crypto market structure bill over the finish line before political momentum evaporates on Capitol Hill. Cynthia Lummis (R-WY), the legislation’s chief champion in the Senate, said Wednesday the Senate Banking Committee will hold a rescheduled markup of the market structure bill, dubbed the Clarity Act, in “the second half of April.” "We really are going to get it out of the Banking Committee in April,” Lummis said, during an appearance at the DC Blockchain Summit. Shortly thereafter, speaking in a video message at the same event, Lummis’ pro-crypto Senate...

- Myriad Traders Slash Spring Rally Chances as Bitcoin, Ethereum Slide Prediction market users turned sharply negative on the prospects of a “crypto spring” as prices tumbled following hotter-than-expected inflation data. On Myriad, a prediction market owned by Decrypt’s parent company Dastan, users now put the chance of a “crypto spring” at under 50%, down from over 62% earlier today. Under Myriad’s rules, the market resolves “Yes” only if at least four of five targets are hit during the observation period ending May 31: BTC at $80,500, ETH at $2,400, SOL at $100, BNB at $750, and HYPE at $35. With HYPE already marked as hit, traders are effectively pricing whether at least three of the remaining four majors can still clear their...

- After months of setbacks, a final plan is emerging from Senate Republicans to get a crypto market structure bill over the finish line before political momentum evaporates on Capitol Hill. Crypto Market Structure Bill to Face Key Vote in April and Must Pass by May, Senators Say Cynthia Lummis (R-WY), the legislation’s chief champion in the Senate, said Wednesday the Senate Banking Committee will hold a rescheduled markup of the market structure bill, dubbed the Clarity Act, in “the second half of April.” "We really are going to get it out of the Banking Committee in April,” Lummis said, during an appearance at the DC Blockchain Summit. Shortly thereafter, speaking in a video message at the same event, Lummis’ pro-crypto Senate...

- Strategy and Bitmine Immersion Technologies Tumble 6%: Is the Crypto Treasury Trade Running Out of Steam? Strategy (NASDAQ:MSTR) stock and Bitmine Immersion Technologies (NYSE:BMNR) stock are both sliding 6% Wednesday afternoon. The shared catalyst is a downturn in cryptocurrency sentiment, and these are pure-play crypto treasury stocks with nowhere to hide. The two companies sit on opposite sides of the crypto aisle. Strategy holds 713,502 Bitcoin (CRYPTO:BTC) on its balance sheet, the largest corporate Bitcoin position in the world. Bitmine, meanwhile, holds the world's largest Ethereum (CRYPTO:ETH) treasury, with nearly $10 billion worth of ETH. When these cryptocurrencies pull back, both stocks pull back harder. That leverage...

- Crypto exchange and custodian Gemini's stock dropped more than 16% after Citigroup analysts downgraded the company Wednesday morning, suggesting that it'll be years before the firm is profitable. The company, which trades on the Nasdaq under the GEMI symbol, saw its rating fall from Neutral to Sell, and Citi lowered its price target from $13 to $5.50, according to a note published Wednesday morning. At the time of writing, GEMI was changing hands for $5.95 per share after having dropped more than 16% since markets opened. Gemini was founded in 2014 by Cameron and Tyler Winklevoss and went live the following year. The firm was initially focused on Bitcoin trading, before it expanded to offer a broader suite of crypto products and...

- Better Buy: Bitcoin or AI? Over the past six months, there has been a stampede of money out of Bitcoin (CRYPTO: BTC) and into artificial intelligence (AI). Most notably, publicly traded Bitcoin mining companies are winding down their crypto mining operations, selling off their Bitcoin, and using that money to make a high-profile pivot into AI computing. But is AI really a better long-term investment than Bitcoin? Let's take a closer look. Bitcoin vs. AI Let's start with a simple chart, comparing the performance of Bitcoin and Nvidia (NASDAQ: NVDA) over the past five years. Even Bitcoin maximalists would struggle to explain away this chart. Over the past five years, Nvidia stock is up a whopping 1,266%. Bitcoin, by way of...

- Crypto exchange Kraken freezes IPO plans, CoinDesk reports March 18 (Reuters) - Cryptocurrency exchange Kraken has put its multibillion-dollar initial public offering plan on hold, CoinDesk reported on Wednesday, citing two people with knowledge of the matter. The company is still weighing an IPO, but is unlikely to move ahead until market conditions improve, according to the report. Reuters could not verify the report, while a Kraken spokesperson declined further comment. The company confidentially filed for a U.S. IPO in November 2025 and was set to go public in the first quarter of 2026. Initially focused on crypto, the company has expanded across asset classes in recent months, including equities, with the rollout of...

- Global markets are attempting to stabilize after recent volatility tied to the U.S.-Israel-Iran conflict, but macroeconomic uncertainty continues to dominate sentiment. Stocks rebound as oil cools U.S. stock futures climbed on Wednesday, signaling a continued rebound after earlier geopolitical shocks. Dow Jones Industrial Average futures rose 0.5%, marking a second consecutive day of gains for Wall Street. S&P 500 futures advanced roughly 0.6%, while Nasdaq 100 futures led with a 0.7% increase. Markets also reacted to fresh geopolitical rhetoric. Just a day earlier, President Donald Trump slammed NATO allies on Truth Social. He said the U.S. no longer needed their support in safeguarding shipping routes, following earlier...

- If You Had Invested $100 in Bitcoin in 2012, You’d Be a Millionaire Today Bitcoin has a habit of making people do uncomfortable math that starts with a simple question: What if I had bought a little back then? In early 2012, Bitcoin was still a niche experiment. It had no ETFs, no institutional custody and no prime-time television coverage. For most people paying attention at all, the idea of investing a large sum in a volatile commodity felt reckless. A $100 bet would have seemed adventurous. A $1,000 purchase might have sounded irresponsible. But hindsight has a way of changing the story. If you bought $100, or even $1,000 of BTC back in 2012, what would it be worth today? How Much Would $100 of Bitcoin Purchases in 2012 Be...

- Bitcoin, Ethereum Slip on Inflation Surprise as Oil Prices Jump The price of Bitcoin slipped on Wednesday alongside U.S. stock indexes as investors grappled with a hotter-than-expected inflation and President Donald Trump's sharpened stance on Iran. The Producer Price Index (PPI), which tracks changes in wholesale prices, rose 3.4% in the 12 months through February, the Bureau of Labor Statistics said. Economists expected the index to show a 2.9% annual increase. The price of Bitcoin recently changed hands around $71,135, a 5% decrease over the past day, CoinGecko data showed. Ethereum and Solana fell 7% to $2,185 and 6% to $89, respectively, over the same period of time. Although the data-collection period for Wednesday's PPI...

- Iran War Hits Bitcoin Miners As Energy Prices Rise And Volatility Spikes A growing number of analysts are raising alarms about the impact the ongoing war in Iran is likely to have on Bitcoin (CRYPTO: $BTC) miners. Miners such as Riot Platforms (NASDAQ: $RIOT), Marathon Digital (NASDAQ: $MARA), and TeraWulf (NASDAQ: $WULF) could take a hit as crude oil prices rise above $100 U.S. a barrel, impacting energy prices. Bitcoin mining remains an energy-intensive industry. And while 50% of the world’s miners operate on renewable power sources, half are impacted by rising crude prices. At the same time, the war with Iran is leading to heightened volatility in equity and crypto markets, a development that can also impact Bitcoin mining...

- Key Takeaways Binance founder Changpeng Zhao (CZ) said the U.S. crypto market suffers from a lack of competition that disadvantages consumers, while also accusing mainstream media of ignoring recent court rulings in his favor, speaking at the DC Blockchain event on Wednesday, March 18. U.S. Crypto Lacking Competition? Appearing virtually from Dubai, due to suspended flights following Iranian attacks, CZ said the U.S. needs stronger competition among crypto exchanges, arguing this would improve pricing and market efficiency. Adding: “Competition is the best consumer protection.” He pointed to higher trading costs for U.S. users compared with global markets. CZ added that the U.S. is also lagging in liquidity compared with other...

- Canada’s FINTRAC Takes Down 23 Crypto-Linked Money Service Businesses FINTRAC, Canada’s financial intelligence unit, has revoked the registrations of 23 money services businesses (MSBs) that were linked to cryptocurrency services in the country. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) said in a news release that it removed the firms’ legal ability to operate in Canada due to their failure to meet regulatory requirements. Canadian Finance Minister François-Philippe Champagne said the action reflects a broader push by the government to address risks linked to cryptocurrencies such as Bitcoin (CRYPTO: $BTC). The money services businesses reportedly failed to respond to information requests and...

- Canadian Regulator Revokes Registrations of 23 Crypto Firms Canada's financial intelligence unit, the Financial Transactions and Analysis Centre (FINTRAC), pulled the registrations of 23 cryptocurrency service providers in a single enforcement action, marking an escalation in the country's anti-money laundering efforts targeting digital asset businesses. The country’s Minister of Finance, François-Philippe Champagne, announced the news in a statement, noting that the crackdown marks “a significantly increased pace of action,” and adding that the Canadian government “will maintain this momentum.” Two of the affected businesses operated entirely from foreign jurisdictions—Finast, registered in Slovakia, and Commerce Plex, registered...

- Trump Administration Official Pushes Crypto Into US Banking System The wall between Wall Street and crypto is coming down under the Trump Administration. Comptroller of the Currency Jonathan Gould has reportedly greenlighted major crypto firms including Ripple and Crypto.com to pursue national banking charters. He is actively encouraging payment technology companies to enter the federal banking system. On top of that, Gould is moving to rescind Biden-era guidance that forced banks to seek supervisory approval before touching digital assets. The Chokepoint 2.0 era is effectively over. For traders, this is not just regulatory housekeeping. Access to Federal Reserve payment rails and the ability to hold direct deposits is the single...

- The SEC just gave crypto its biggest regulatory green light in years. Chair Paul Atkins floated a safe harbor exemption on March 18 that lets crypto projects operate without immediate securities registration. It is a direct reversal of the regulation by enforcement era that suffocated US-based development for years. Token projects now have a compliant runway to decentralize without the threat of an SEC lawsuit hanging over them. For altcoin valuations, that changes the math entirely. Key Takeaways: The Safe Harbor Framework Explained Atkins is cutting through a decade of deliberate ambiguity. Speaking at a Digital Chamber event, he laid out a framework that separates capital raising from the underlying asset. Four categories are...

- The broader crypto market’s relief rally and sustained Bitcoin ETF inflows face a key test ahead of Wednesday's FOMC meeting. The seven-day inflow streak has seen U.S. spot Bitcoin ETFs rake in $1.16 billion, with last Tuesday’s $250.92 million marking the largest single-day inflow. The uptick in investor confidence is also reflected in weekly flows, which have recorded a four-week inflow streak totaling $2.52 billion. The bullish ETF flows and Bitcoin’s relief rally are largely unaffected by escalating tensions in the Middle East and rising oil prices. Bitcoin is up some 14% from its low as the U.S. and Israel attacked Iran, while gold and the S&P 500 index are down 6.60% and 0.17%, respectively. The divergence reflects a...

- This is How BitFuFu Inc. (FUFU) is Shrugging Soft Bitcoin Mining Environment BitFuFu Inc. (NASDAQ:FUFU) is one of the crypto stocks with huge upside potential. On March 5, BitFuFu Inc. (NASDAQ:FUFU) announced it produced 227 Bitcoin in February, down from 229 in January. The slight drop came as the company’s hash rate fell 11% month over month to 26.4 exahash per second, from 29.6 exahash per second in January. As of the end of February, BitFuFu held 1,830 Bitcoins in its treasury, up 34 from January levels. The company also exited February with $40 million in cash and cash equivalents, including stablecoin holdings. BitFuFu also reduced outstanding borrowings on the $100 million line of credit to $15 million from $40 million as of...

- While the S&P 500 has dropped roughly 2.5% over the past month and the VIX has surged 53% in a single month to signal elevated market stress, Bitcoin has quietly moved in the opposite direction. That divergence is reflected in the recent performance of these three ETFs. All three Bitcoin ETFs posted gains over the past month, with iShares Bitcoin Trust ETF (NASDAQ:IBIT) up 5.43% and Bitwise Bitcoin ETF (NYSEARCA:BITB) up 5.4%, nearly identical results given both hold actual Bitcoin directly. The underlying driver is simple: Bitcoin itself rose 7% over the same period. ProShares Bitcoin ETF (NYSEARCA:BITO), which uses futures contracts rather than spot Bitcoin, captured most of that move with a 5.08% gain, though its structural...