Crypto
AI Summary
- Major institutional players like Fidelity are actively rebutting concerns about Bitcoin's security post-halving, while significant capital movements, including large Bitcoin transfers at a loss and old Ether wallets becoming active, suggest ongoing market shifts and potential capitulation risks.
- The crypto stock market is experiencing a deep slump, with companies like Coinbase and Circle underperforming Big Tech, and major exchanges such as Binance facing regulatory hurdles in the EU due to MiCA non-compliance, leading to user migration to competitors like Coinbase and OKX.
- The burgeoning field of Decentralized Finance (DeFi) and NFTs is drawing increased regulatory scrutiny, with EU lawmakers urging assessments and the US senators calling for CFTC probes into platforms like Polymarket over alleged deceptive marketing and exploits.
- The intersection of AI and crypto is becoming more pronounced, with firms like BitGo cutting staff to focus on AI and stablecoins, while new initiatives like Akrites aim to defend open-source technology against AI-powered attacks, highlighting the evolving landscape.
- Despite a challenging market with Bitcoin dipping below $60K and ETFs seeing outflows, there are pockets of optimism, with some analysts predicting significant upside for tokens like Aave, and stablecoin issuers like Tether leveraging substantial gold reserves for new loan products.
Sources
Cointelegraph
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Fidelity rebuts claims Bitcoin becomes less secure after halvings
3 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsThe asset manager argues Bitcoin's fixed supply schedule does not undermine network security, even as miners face shrinking block rewards after each halving.
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Here’s what happened in crypto today
4 hours ago
by Cointelegraph by Cointelegraph
Latest NewsNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
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Bitcoin faces fresh capitulation risk as 50K BTC moved at a loss
5 hours ago
by Cointelegraph by Biraajmaan Tamuly
MarketsNearly 50,000 BTC shifted to exchanges at a loss while short-term Bitcoin holders' stress level reached 2-year highs. Is BTC headed toward new lows?
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DCG-backed Yuma launches fund offering institutional exposure to Bittensor
6 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsThe new investment vehicle arrives as asset managers expand TAO offerings and decentralized AI gains momentum following recent restrictions on Anthropic's models.
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Coinbase, Circle underperform Big Tech as crypto stock slump deepens
8 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsCoinbase and Circle have posted steeper losses than Oracle, Netflix and Salesforce, highlighting the widening gap between crypto equities and the broader market.
CoinDesk
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Why a selloff in gold and silver is dragging bitcoin down
6 hours ago
by Shaurya Malwa
Markets, Bitcoin News, NewsBitcoin has long been lumped in with precious metals as a hedge against a weakening dollar. That trade is unwinding on a hawkish Fed, and bitcoin is falling alongside the metals it was supposed to rival.
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What Robinhood’s recent layoffs say about the current state of crypto investments
8 hours ago
by Ryan Horst
Opinion, RobinhoodDespite the trading platform’s restructuring and the wave of crypto companies making cuts, signaling a late bear market, Altcoin Pro’s Horst, Anderson and Zhuleku explain there’s no reason to panic.
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Tether putting $23 billion gold stockpile to work with bullion-backed loans
9 hours ago
by Jamie Crawley
Finance, Tether, NewsThe stablecoin issuer is extending its tokenized gold strategy by allowing holders of XAUT to borrow against their bullion, mirroring bitcoin-backed lending without selling the underlying asset.
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Polymarket hack updated to $3.1 million days after the platform promised users full refunds
10 hours ago
by Olivier Acuna
Markets, Polymarket, Hack, NewsThe prediction markets giant is under investigation in connection with false or deceptive marketing practices, according to news reports.
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Coinbase and OKX try to lure in Binance’s EU users after it failed to secure a MiCA license
10 hours ago
by Olivier Acuna
Finance, Binance, Coinbase, MiCA, NewsBrian Armstrong of Coinbase and Star Xu of OKX offered new users sign up bonuses of up to 8% of their deposits or transfers from other accounts.
Decrypt
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The Stablecoin Founder Map Doesn't Match the Stablecoin Volume Map
7 hours ago
by Alex Witt
OpinionEmerging markets drive most real-world stablecoin usage, yet founder concentration and venture funding remain U.S.- and Europe-centric.
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Billionaire Jeremy Grantham Dismisses Bitcoin, Says Crypto Will Fade 'With a Whimper'
9 hours ago
by Logan Hitchcock
MarketsThe seasoned investor has little faith in Bitcoin's staying power, expecting crypto to quietly fade away over time.
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Wall Street's Next Tokenization Test: BlackRock-Backed Securitize's Market Debut
a day ago
by André Beganski
BusinessSecuritize expects to begin trading next week under the ticker symbol “SECZ,” following the completion of a merger with a blank-check firm.
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Linux Foundation, Tech Giants Launch Akrites to Defend Open Source Against AI-Powered Attacks
a day ago
by Jose Antonio Lanz
CoinsA coalition of 19 organizations—including every major AI lab and Wall Street banks—just built the security team that open-source maintainers never had.
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Senators Demand Answers From CFTC Over Alleged Polymarket Deceptive Advertising
a day ago
by Logan Hitchcock
Law and OrderSenators are seeking answers from the CFTC about recent allegations of deceptive marketing from Polymarket.