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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The White House is urging U.S. lawmakers to move quickly on legislation to reform the crypto market structure as political timelines tighten and digital asset markets face renewed volatility. With the Senate struggling to secure bipartisan support and more than $1 billion in recent crypto liquidations, officials say the window for passing a workable regulatory framework may be closing. Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, has warned that expecting the crypto industry to operate without clear rules is unrealistic. He…
Binance, the largest crypto exchange by trading volume, has listed Ripple’s RLUSD stablecoin on its platform.On Jan. 21, the exchange announced that it would open spot trading pairs, including RLUSD/USDT, RLUSD/U, and XRP/RLUSD, on Jan. 22 by 8 AM UTC.Critically, Binance will initiate trading on the RLUSD/USDT and RLUSD/U pairs with zero fees until further notice.To a casual trader, this reads like a straightforward listing announcement. However, industry experts noted that the move could fundamentally alter the market hierarchy and cement RLUSD’s rapid growth over the past year.The logic here is not that Binance magically creates value, but that the…
In brief Prediction market shows 62.5% chance ETH hits $2,500 before $4,000. Ethereum validator exit queue dropped to zero on Jan. 19. ETH currently trading at $3,008 after 10.6% weekly decline. Market sentiment for Ethereum took a dive today as users on Myriad now think there’s a 62.5% chance ETH slips to $2,500 before it sees $4,000 again.Myriad, a prediction market owned by Decrypt parent company Dastan, previously showed Ethereum bears and bulls were equally split on ETH’s next move as recently as Tuesday, Jan. 20. And just a day prior to that, Myriad traders had placed 55% odds on Ethereum…
Strive announced today that it intends to raise up to $150 million through a follow-on offering of its Variable Rate Series A Perpetual Preferred Stock, known as SATA Stock, subject to market conditions. The offering is registered under the Securities Act of 1933 and marks Strive’s latest move to expand its bitcoin holdings while addressing outstanding debt. Strive plans to use the proceeds from the offering, along with cash on hand and potentially funds from terminating certain derivative contracts tied to convertible debt, to repurchase or redeem all or a portion of the 4.25% Convertible Senior Notes due 2030 issued…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A disagreement over US crypto regulation has spilled into public view, drawing the Cardano and XRP communities into an unexpected clash. The reason is the Digital Asset Market Clarity Act, a proposed bill intended to define how digital assets are regulated in the United States. The disagreement started after Charles Hoskinson openly criticized Brad Garlinghouse over his stance on the legislation, which led to pushback from prominent XRP community members. This comes just after reports have suggested growing frustration among lawmakers toward Coinbase over disagreements tied to…
In brief Steak ‘n Shake is giving hourly employees a “Bitcoin bonus” that will vest over the course of two years. The initiative is powered by infrastructure from publicly traded Bitcoin services firm, Fold. Some commenters applauded the move, while others scoffed at the size of the Bitcoin payment. Restaurant franchise Steak ‘n Shake is deepening its embrace of Bitcoin, teaming with publicly traded Bitcoin services firm Fold to offer a BTC bonus to hourly employees.Using Fold’s infrastructure, the restaurant will pay employees a bonus of $0.21 per hour, paid in BTC, which will vest in full after two years. “Starting…
President Trump has a habit of moving markets with his words, and he appears to have done that yet again Wednesday, prompting large swings across both crypto and stock markets—with the daily volatility generating over $1 billion worth of crypto liquidations in the process.Bitcoin recently rebounded above $90,000 again after falling to nearly $87,000 just hours earlier, with the rebound coming after Trump said in Davos that he would no longer issue new tariffs against European countries after meeting with the head of NATO. The price of Bitcoin has since settled to $89,574, as of this writing.“Based upon a very…
At first glance, this looks like a story that lives on the back pages of a newspaper, Japanese government bonds with maturities that run so long they sound like a joke, 20 years, 30 years, 40 years.If you own Bitcoin, you still end up in the blast radius.Because when Japan’s long-dated bonds start to wobble, it is rarely just about Japan. It is about the world’s last big source of cheap money slowly turning into something more expensive, and what happens to every trade that quietly depended on that cheap funding.The moment the mood changedJapan has spent most of the…
In brief Newrez will begin recognizing Bitcoin and Ethereum for mortgages. That is, if the digital assets are held in a centralized fashion. The company will also apply a haircut to the value of the cryptocurrencies, citing volatility. Younger Americans may find it increasingly difficult to afford a home, but Newrez, a national wholesale mortgage lender, thinks Bitcoin and Ethereum could change that.The firm—which serviced a $778.3 billion portfolio of 3.7 million loans, as of last year—recently signaled that it would begin assessing both cryptocurrencies for mortgage qualification. Last week, it billed itself as the first major provider of mortgages…
ARK Invest CEO Cathie Wood said she believes bitcoin is nearing the end of its current down cycle, arguing that the asset’s latest four-year drawdown will likely be the shallowest in its history. “We’re pretty well through the down cycle here,” Wood said in a CNBC interview, pushing back against fears that bitcoin still faces a prolonged correction. She noted that the most recent bull market was muted by historical standards, which she believes has limited the severity of the current pullback. “I know there’s a lot of fear about the four-year cycle,” Wood said. “We didn’t have much of…
Crypto majors are red following Trump’s tariff turmoil; BTC -2% at $91,100; ETH -4% at $3,105, SOL -3% at $129; XRP -2% to $1.93. CC (+12%), MYX (+5%) and SYRUP (+4%) led top movers. The NYSE began preparations for 24/7 tokenized stock and ETF trading. Steak ’n Shake revealed roughly $10M in Bitcoin exposure alongside the creation of a corporate BTC strategic reserve. Vitalik Buterin called for more sophisticated DAO governance models to improve accountability, coordination, and long-term sustainability. Bermuda outlined plans for a fully onchain national economy, working with Coinbase and Circle on payments, identity, and tokenized financial infrastructure.…
In brief Compass Point described $98,000 as a pivotal point for Bitcoin. The price serves as a key sentiment barometer, they wrote. Bitcoin fell after flashing a “golden cross” last week. Betting on Bitcoin before it reclaims the $98,000 mark might not be the best idea, following the asset’s recent downturn, according to analysts at investment bank Compass Point.That’s the current average cost for short-term holders, who have held the digital asset for less than 155 days—and are typically sensitive to price swings—they wrote in a Wednesday note.Last week, the price of Bitcoin climbed to a two-month high of $97,500,…
Canada’s Prime Minister, Mark Carney, walked onto the World Economic Forum’s Davos stage yesterday and said the quiet part out loud.The rules-based order, the thing leaders love to invoke when they want the world to behave, is fading.Carney called it a “pleasant fiction.”He said we are living through a “rupture.”He said great powers are using integration as a weapon, tariffs as leverage, finance as coercion, and supply chains as vulnerabilities to be exploited.Then he reached for Václav Havel’s famous “greengrocer” from The Power of the Powerless, the shopkeeper who hangs a sign reading “Workers of the world, unite!” not because he…
In brief The Hong Kong Monetary Authority will issue licenses to stablecoin providers in the first quarter of 2026. Hong Kong brought in its stablecoin regime in August last year. The city is trying to strike a balance between welcoming providers and protecting investors. Hong Kong will issue a batch of licenses to stablecoin providers in the first quarter of this year, Financial Secretary Paul Chan told World Economic Forum attendees in Davos on Tuesday.This will be the first issued since Hong Kong’s new stablecoin licensing regime took effect on August 1 last year.Companies offering or marketing stablecoins to retail…