Competition in Digital Markest Hits G7 Nations’ Radar
Policymakers from the Group of Seven advanced nations agreed to collectively coordinate scanning for early warning signs that may tip competition in digital markets.
crypto markets
‘Long Big Tech’ Remains the Most Crowded Trade, BofA Fund Manager Survey Shows
This has repercussions for the crypto market, not necessarily good ones, one observer said.
Binance Slashes Worker Benefits as Profit Falls: WSJ
Binance has stopped offering certain benefits to its employees on June 19 as the company’s profits continue to decline, according to former employees and internal company messages viewed by the Wall Street Journal.
Ripple’s XRP Ruling a ‘Milestone Win’ for Crypto Industry, Says J.P. Morgan
A summary judgment partially in favor of payments network Ripple represents a milestone win for the crypto industry and provides legal clarity as to what does and doesn’t represent a security, J.P. Morgan wrote in a research note Friday.
ADA, SOL Underperform as Robinhood Gets Set to Delist Them Amid SEC Crackdown
Cryptocurrencies Cardano (ADA) and Solana (SOL) fell more than the broader crypto market on Tuesday, just before trading app Robinhood was set to delist them later in the day at 6:59 p.m. ET.
Bitcoin Hits One-Year High, Soars Past $31.3K
The largest cryptocurrency by market capitalization has been surging this week after three financial services giants filed applications for spot bitcoin ETFs.
Bitcoin Breaks $30K Amid TradFi Push Into Crypto
The world’s largest cryptocurrency by market value, bitcoin, had not reached levels above $30,000 since June 2022.
Bitcoin Recrosses $26.3K to Hit Highest Level in a Week Amid BlackRock Optimism
Markets surged for a second time in the less than 24 hours following the fund management giant’s announcement that it had filed paperwork for the formation of a spot bitcoin ETF.
BlackRock May Have Found Way to Get SEC Approval for Spot Bitcoin ETF
Blackrock’s (BLK) iShares Bitcoin Trust application to the U.S. Securities and Exchange Commission (SEC) this week might stand a better chance than previous attempts by other fund managers thanks to the promise of a “surveillance-sharing agreement” between exchanges.
Robinhood’s May Crypto Trading Volume Falls 68% to $2.1B
The trading platform recently delisted three tokens that were classified as securities in the SEC’s lawsuit against Coinbase and Binance.