Crypto
AI Summary
- The crypto market experienced significant volatility, with Bitcoin dropping substantially due to large sell-offs, prompting concerns about a potential 'doom loop' similar to Terra Luna, while professional investors notably reduced their holdings in Bitcoin ETFs.
- Coinbase is innovating in the real estate sector by launching token-backed mortgage down payments and pre-IPO markets, signaling a growing integration of crypto assets with traditional finance and investment opportunities.
- The burgeoning field of Artificial Intelligence is increasingly intersecting with the crypto space, with discussions around AI's impact on trading, cybersecurity, and potential AI IPO waves influencing market sentiment and investment strategies.
- Regulatory scrutiny remains a key theme, with calls for FTC probes into prediction markets, investigations into crypto fraud, and ongoing legislative efforts like the Crypto Clarity Act, highlighting the evolving landscape of digital asset governance.
- Stablecoins are expanding their reach and utility, with networks like Western Union's USDPT growing and new offerings like tokenized gold stablecoins and crypto rewards cards emerging, underscoring the ongoing development and adoption of these digital currencies.
Sources
Cointelegraph
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Bitcoin fell 21% after Strategy’s debt buyback news— Is a Terra Luna-style doom loop next?
an hour ago
by Cointelegraph by Marcel Pechman
MarketsBitcoin price collapsed as Strategy faced tighter liquidity conditions and paused its BTC buying. Is it time to jump ship, or buy the dip?
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Russia targets British 17-year-old for alleging digital assets were skirting sanctions
2 hours ago
by Cointelegraph by Turner Wright
Latest NewsPolitical activist Bill Browder, the teenager’s father, said his son was “the first high school student in the world to be sanctioned by an authoritarian regime” over a report on the ruble-pegged stablecoin A7A5.
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Professional investors dumped 52K BTC worth of ETFs in Q1, filings show
2 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsUS spot Bitcoin ETF ownership shifted during the market downturn as hedge funds exited positions, while banks and long-term allocators continued building exposure.
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Coinbase to launch token-backed mortgage down payments this summer
3 hours ago
by Cointelegraph by Turner Wright
Latest NewsA Coinbase-Better Home & Finance initiative will allow qualified borrowers to use Bitcoin and USDC as collateral for home loan down payments.
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Bitcoin bulls' fate rests on $60K support as crypto erases $2T in market cap
4 hours ago
by Cointelegraph by William Suberg
MarketsBitcoin continued "incredible" 2022 bear market repeat behavior as sellers kept control over BTC price rebound attempts.
CoinDesk
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Crypto Clarity Act in spotlight for bad-actor provisions as Senate process grinds forward
2 hours ago
by Jesse Hamilton
Policy, Clarity Act, Regulation, NewsThe industry has been trying to make a case this week the Clarity Act provides law enforcement strong tools to combat illicit finance involving cryptocurrency.
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OCC chief says Democrats applying sole political pressure in World Liberty charter choice
4 hours ago
by Jesse Hamilton
Policy, Regulation, Donald Trump, NewsThe regulator rejected claims he's doing President Trump's bidding during a congressional hearing that also addressed the GENIUS Act stablecoin push.
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'Dr. Doom'-backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000
4 hours ago
by Olivier Acuna
Markets, Bitcoin News, Stablecoins, Exclusive, NewsBacked by economist Nouriel Roubini, a long-time anti-bitcoin advocate, and known as 'Dr. Doom,' the Atlas CEO, Reza Bundy, shot a short-term warning for bitcoin but stayed bullish in the long-term.
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Hyperliquid pulls back from record highs as Arthur Hayes exits position shy of $150 price target
6 hours ago
by Krisztian Sandor
Markets, Hyperliquid, NewsThe crypto veteran blamed macro risks and AI mania for taking profits, drawing backlash from traders for selling well below his recent bullish forecasts.
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Crypto for Advisors: The crypto due diligence questions you forgot to ask
7 hours ago
by Beth Haddock
CoinDesk Indices, Financial Advisors, Crypto for Advisors, Newsletters, Regulation, NewsAs stablecoins, shifting regulation and AI-enabled infrastructure mature, advisors should revisit three questions their crypto due diligence may no longer fully cover.
Decrypt
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Republican Lawmaker Plans to Add Prediction Markets to Congressional Stock Ban Bill
an hour ago
by André Beganski
Law and OrderRep. Bryan Steil said he'll add language to the House congressional stock ban bill to cover prediction markets like Polymarket and Kalshi.
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'Looksmaxxing' Trend Spawns $100M Gray Market Fueled By Bitcoin, Stablecoins: Chainalysis
2 hours ago
by Jason Nelson
MarketsDemand for peptides fueled by the "looksmaxxing" trend has spawned a $100 million gray market paid for primarily with crypto.
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Google DeepMind CEO Says AGI Is Coming Fast: 'We Don't Have Long to Prepare'
3 hours ago
by Jason Nelson
Artificial IntelligenceThe Nobel Prize-winning AI researcher says humanity is standing in the "foothills of the singularity."
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Strategy's Michael Saylor Blames 'Capital Rotation' Into AI as Bitcoin Dives 13%
4 hours ago
by Logan Hitchcock
MarketsWith Bitcoin falling hard this week and down nearly 50% from peak. Strategy's Michael Saylor is pointing the finger at the AI boom.
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Crypto Billionaires Donate $9.4M to Farage’s Reform UK in Q1
5 hours ago
by Decrypt Agent
BusinessTether investor Christopher Harborne and BitMEX co-founder Ben Delo’s outspent Britain's traditional political donors.
AMBCrypto
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Bitcoin enters extreme fear at 11 – Is recovery possible post SpaceX IPO?
an hour ago
by Benjamin Njiri
Bitcoin, News, Social, Trading View, ambcryptoWill AI IPOs derail BTC price recovery?
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Ryan Adams, David Hoffman clash over whether Ethereum growth benefits ETH
2 hours ago
by Adewale Olarinde
Ethereum, News, News 1, Social, Trading ViewThe exchange reflects growing debate over whether Ethereum’s network growth properly translates into long-term value accrual for ETH.
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Hyperliquid whales buy $54mln HYPE dip – Can bulls defend $68?
2 hours ago
by Chandan Gupta
Altcoin, News, Social, Trading ViewHYPE's uptrend survived the sell-off, but a key test now lies ahead.
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As Bitcoin hangs near $61K, whale closes 1400 BTC position – Can price survive?
3 hours ago
by Gladys Makena
Bitcoin, News, Social, Trading ViewBitcoin whale activity in the Futures market surged as Bitcoin fell to February lows, driving liquidation to $752 million.
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JST retraces 20% after $0.1 rejection – Has JUST’s 3-month uptrend broken?
4 hours ago
by Akashnath S
Analysis, HideCryptopanic, News, Social, Trading View, ambcryptoJST's uptrend survived Bitcoin's weakness. Can it survive its own structure break?