Analysts think Circle’s IPO signals caution for Bitcoin, here’s why
The recent public listing of stablecoin USDC issuer Circle has been all the buzz lately, particularly following its strong debut. But could the success have negative implications for Bitcoin? A recent report from crypto market analyst 10x Research suggests Circle’s…...
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BlackRock’s IBIT becomes the fastest ETF in history to surpass $70 billion AUM
BlackRock spot Bitcoin ETF has officially become the fastest exchange-traded fund in history to surpass $70 billion in assets under management. According to a June 9 post on X by Bloomberg ETF analyst Eric Balchunas, the iShares Bitcoin Trust crossed…...
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SEC chair Paul Atkins proposes “innovation exemption” to spur onchain development
Under the leadership of Paul Atkins, the U.S. Securities and Exchange Commission is looking to fast-track crypto innovation through exemptions and tailored rulemaking. During the fifth meeting of the SEC’s Crypto Task Force roundtable titled DeFi and the American Spirit,…...
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Investors Pour $224M Into Crypto Funds, But Bitcoin’s Outflows Raise Eyebrows
Crypto asset investment products saw continued capital inflows last week, adding $224 million in net new money, according to the latest report from CoinShares. This marks the seventh consecutive week of positive flows, bringing the total to $11 billion during this period. Despite the headline inflows, investor sentiment appeared...
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$123M Crypto Laundering Ring: Australia Dismantles Criminal Organization Behind Security Firm
In a multi-state, multi-agency operation, Australian authorities announced that four individuals had been charged for their alleged involvement in an elaborate scheme that used a security firm as a front to launder millions through crypto exchanges and third-party businesses. $123M Crypto Laundering Ring Busted On Monday, the Australian government...
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Sky rolls out staking rewards, distributes $1.6M USDS in first week as SKY price climbs 12%
Sky Protocol, formerly MakerDAO, launched its much-anticipated staking rewards program, and the numbers are already turning heads. In a June 9 post on X, the team revealed that more than $568 million worth of SKY tokens have been staked, with…...
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SEC Chair Touts American DeFi Revolution as ETH Prices Pump 8%
“The American values of economic liberty, private property rights, and innovation are in the DNA of the DeFi movement,” said SEC Chair Paul Atkins at the regulator’s latest Crypto Task Force Roundtable on decentralized finance on June 9. Atkins criticized applying “century-old regulatory frameworks” to DeFi and blockchain innovation,...
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Circle IPO Success Suggests Markets Open To New Listings, Especially From Crypto Businesses, Says SPAC King Chamath Palihapitiya
Venture capitalist Chamath Palihapitiya admired Circle Internet Group’s (NYSE:CRL) successful Wall Street debut on Monday, suggesting it could pave the way for more cryptocurrency companies to enter public markets. What Happened: Palihapitiya took to X to comment on the recent public listing of the stablecoin issuing company. He highlighted...
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Bitcoin RCV Indicator Shows Shift From Accumulation To Caution – Is BTC Momentum Fading?
A key Bitcoin (BTC) on-chain metric has moved out of the “buy” zone, signalling a transition away from low-risk accumulation conditions. However, the market still shows signs of bullish strength. Bitcoin On-Chain Indicator Urges Caution According to a recent CryptoQuant Quicktake post by contributor Crazzyblockk, Bitcoin’s Realized Cap Variance...
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Signs of Accumulation Emerge as Bitcoin (BTC) Shipped to $110K
Bitcoin broke above $107,000 on Monday in a notable respite and kept climbing to $110,500 on Tuesday morning, following last week’s turbulence sparked by the Trump-Musk fallout. The latest on-chain data now suggests that the crypto asset may be preparing for its next upward move, as several key indicators...
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