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Crypto

Crypto

Bitcoin dominance rebounds to 58.5% as altcoin rotation stalls

Bitcoin dominance rose to 58.5% from 55%, signalling consolidation as hot inflation and fading altcoin catalysts push capital toward the largest digital asset.

By Caleb Mwangi
Crypto

Crypto Funds Draw $858M on CLARITY Act Markup Optimism

Crypto investment products drew $857.9 million in net inflows for the week ending May 11, the sixth consecutive positive week, as the CLARITY Act's stablecoin compromise and a scheduled May 14 Senate Banking Committee markup shifted institutional conviction from price momentum to regulatory clarity.

By Caleb Mwangi
Crypto

CME Bitcoin VIX futures launch with $45B open interest

CME's Bitcoin volatility futures launch June 1, letting institutions trade Bitcoin's implied volatility separately from price. With $45B futures open interest, can the same regulatory success repeat?

By Caleb Mwangi
Crypto

Morgan Stanley MSBT draws $194m in debut month with zero outflow days

Morgan Stanley's spot Bitcoin ETF completed its first trading month with roughly $194 million in net inflows and not a single day of net redemptions, setting a benchmark for Wall Street crypto products backed by a brand name rather than an advisor sales force.

By Caleb Mwangi
Regulation

HarrisX poll: 52% back CLARITY Act ahead of May 14 Senate markup

A HarrisX survey of 2,008 registered voters shows 52 per cent support the CLARITY Act, with 70 per cent saying the US should already have passed crypto legislation. The poll lands days before a Senate Banking Committee markup that could determine the bill's fate.

By Tomás Iglesias
Crypto

Bitcoin touches $80,000 as Project Freedom shifts Iran war sentiment

Bitcoin touched $80,000 in overnight trading, its highest since late January, as President Trump announced Project Freedom to secure safe passage through the Strait of Hormuz. The cryptocurrency has gained roughly 20 per cent since the US-Iran conflict began, outperforming equities and gold.

By Caleb Mwangi
Crypto

Bitcoin slips from $80,000 after Fed report flags inflation, rate-hike risk

Bitcoin retreated from the $80,000 zone after the Federal Reserve's May 8 Financial Stability Report flagged the Iran-driven oil shock and a hotter March PCE print as conditions that could push the FOMC toward rate hikes rather than the cuts crypto desks had positioned for.

By Caleb Mwangi
Crypto

XRP funding stays negative after 27% rally, mirroring 2025 setup before 126% surge

XRP perpetual funding rates remain in negative territory after the token climbed 27 per cent in two weeks, replaying a divergence from April 2025 that preceded a 126 per cent rally. CoinGlass data show shorts paying longs at every major venue.

By Caleb Mwangi
Crypto

Bitmine's Tom Lee bets Ether to $12,000, BTC to $200,000 by end-2026

Bitmine chair Tom Lee told the Consensus 2026 conference in Miami this week that Ether will trade between $9,000 and $12,000 and Bitcoin between $150,000 and $200,000 by year-end. The firm's 5.18 million ETH treasury sits on roughly $3.78 billion in unrealized losses.

By Caleb Mwangi
Crypto

Bitcoin resistance at $86,000 and $93,000 mirrors three prior cycles, analyst says

Crypto analyst Michaël van de Poppe has identified two resistance zones for Bitcoin at $86,000 to $88,000 and $93,000 to $95,000, arguing the setup echoes bull-cycle patterns from 2017, 2021, and 2024. A period of consolidation above $80,000 could clear the way for altcoin strength, he said.

By Caleb Mwangi
Crypto

South Korea crypto accounts top 11.1 million as growth slows to 3%

KYC-verified crypto exchange accounts in South Korea reached 11.13 million by end of last year, nearly doubling from 5.58 million at end-2021. But tradable user growth has collapsed from 25 per cent in late 2024 to just 3 per cent in the most recent half.

By Caleb Mwangi
Crypto

Strategy CEO Phong Le says bitcoin sales hinge on maths over equity

Strategy chief executive Phong Le told CNBC on Saturday that the company would sell part of its 818,334 bitcoin holding only when doing so proves more accretive to shareholders than issuing equity, outlining two specific conditions that mark a deliberate shift from its long-held refusal to sell.

By Caleb Mwangi
Crypto

Santiment flags correction risk as Bitcoin bullish talk spikes to four-month high

Bullish-to-bearish commentary ratio hits 1.37 on social media as BTC trades above $80,000, but on-chain data show daily active wallets at a two-year low and analysts are split on whether the rally has further to run.

By Caleb Mwangi
Crypto

Moscow Exchange to launch SOL, XRP, TRX futures May 14

Moscow Exchange adds Solana, Ripple and Tron futures on May 14, settling in rubles for qualified investors as Russia builds domestic crypto infrastructure.

By Caleb Mwangi
Banking

Paga to offer tokenized bonds and real estate on Sui blockchain

Nigerian fintech Paga will offer tokenized bonds, real estate, and high-yield dollar accounts through a partnership with the Sui blockchain, the company announced on 7 May at Sui Live in Miami. The move positions Africa's largest non-bank payment processor to serve a continent where 57 per cent of adults lack a bank account.

By Naomi Voss
Crypto

Bitcoin mining pools rally behind Stratum V2 to decentralise block templates

Seven of bitcoin's largest mining pools and infrastructure operators have joined the Stratum V2 working group, backing a long-stalled protocol upgrade that moves block-template construction from pool operators back to individual miners and introduces end-to-end encryption between pool and miner.

By Caleb Mwangi
Crypto

Trump Media (DJT) Q1 loss widens to $406M as bitcoin and CRO holdings buckle

TMTG's Q1 net loss widened to $405.9 million as $244 million of crypto markdowns and $108.2 million of equity losses overwhelmed an operating business that turned over just $871,200. The asset book, not Truth Social, is now the story.

By Caleb Mwangi
Crypto

Strategy STRC reclaims $100 par, opening door for fresh Saylor bitcoin buys

Strategy's STRC perpetual preferred closed at $99.99 on Friday and printed at par after hours, ending a fortnight in which Michael Saylor stayed out of bitcoin. With the security back above its $100 issuance threshold, Strategy's at-the-market funding gate has reopened and weekly purchases could resume as soon as 11 May.

By Caleb Mwangi
Crypto

CME targets 1 June launch for bitcoin volatility futures, pending CFTC review

CME Group will list cash-settled bitcoin volatility futures from 1 June, pending Commodity Futures Trading Commission clearance, becoming the first US exchange to offer regulated contracts that trade implied volatility independent of bitcoin's spot price. CME (CME) shares slipped 1.2 per cent on the announcement.

By Caleb Mwangi
Crypto

Coinbase buys $88M in Bitcoin in Q1, expands treasury to 16,492 BTC

Coinbase bought $88 million worth of Bitcoin in Q1 2026, adding 1,103 BTC to a corporate treasury now worth $1.3 billion. CFO Alesia Haas also detailed a perpetual USDC revenue-sharing deal with Circle.

By Caleb Mwangi
Economy

Lagarde rejects euro stablecoins, warns $300bn market threatens ECB policy transmission

European Central Bank President Christine Lagarde rejected calls for the euro area to promote euro-denominated stablecoins, warning that the $300 billion market risks financial stability and would narrow the channel through which ECB rate decisions reach the real economy.

By Helena Brandt
Crypto

BlackRock files for tokenized money-market funds on Ethereum, targets stablecoin reserves

BlackRock filed paperwork with the SEC on Friday to issue two new tokenized money-market funds, including an Ethereum-native digital share class of its $6.1bn Select Treasury Based Liquidity Fund. The move pulls the world's largest asset manager deeper into onchain finance.

By Caleb Mwangi
Crypto

US spot Bitcoin ETFs extend inflows to six weeks, pulling in $3.4B

US spot Bitcoin ETFs have logged six straight weeks of net inflows totalling $3.4bn since early April, the longest streak since July 2025, with BlackRock's IBIT capturing the bulk of new money even as flows cooled this week.

By Caleb Mwangi
Regulation

Atkins pushes formal SEC rulemaking for on-chain markets and crypto vaults

SEC Chairman Paul Atkins on Friday set out four areas for formal rulemaking on crypto: on-chain trading, broker-dealer definitions, clearing and settlement, and vaults. The speech at the SCSP AI+ Expo broke from his predecessor Gary Gensler enforcement-led approach.

By Tomás Iglesias
Crypto

Tokenized RWA market tops $30bn, growing 1,000% in two years

The market for tokenized real-world assets has crossed $30 billion, growing more than 1,000 per cent from early 2024, according to data published by a16z crypto. Tokenized U.S. Treasury debt accounts for roughly half the total.

By Caleb Mwangi