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Crypto

Crypto

Bitcoin slips to 13th-largest asset as AI, metals rally

Bitcoin slipped to the 13th-largest asset as ETF outflows, AI-semiconductor gains and firmer metals prices redirected capital away from crypto.

By Caleb Mwangi
Crypto

DeFi's confidence trade is fraying after April's exploit run

DeFi security is turning into a capital-markets problem as April's $630 million exploit wave pushes investors to question blue-chip protocols.

By Caleb Mwangi
Crypto

Strategy debt buyback shows liability side of bitcoin bet

Strategy used $1.38 billion in cash to retire convertible debt at a discount, showing that its bitcoin treasury trade now has a liability side as well.

By Caleb Mwangi
Crypto

Stablecoin market value $322B tops 95 nations' FX reserves

Stablecoin market value hit $322B, larger than the FX reserves of 95 countries — a sign dollar liquidity is moving on‑chain as policymakers still debate rules.

By Caleb Mwangi
Crypto

Ondo Finance CEO Nathan Allman dies; ONDO falls 2.9%

Ondo Finance said founder Nathan Allman died unexpectedly, naming Ian De Bode chief executive as the ONDO token fell 2.9 per cent.

By Caleb Mwangi
Crypto

StablR stablecoin exploit sends EURR to $0.88, USDR to $0.70

StablR stablecoin exploit pushed EURR to about $0.88 and USDR to $0.70, showing how fast thin liquidity can punish smaller tokens when trust breaks.

By Caleb Mwangi
Crypto

Ethereum Foundation reset tests ETH governance and trust

Ethereum Foundation cuts breadth and sells less ETH, but researcher departures and ETF outflows are turning the reset into a market-confidence test.

By Caleb Mwangi
Crypto

StablR stablecoins depeg after exploit hits EURR and USDR

StablR’s EURR and USDR stablecoins slipped from par after a reported exploit, sharpening scrutiny of smaller euro-linked tokens as regulators debate tighter guardrails.

By Caleb Mwangi
Crypto

Bitcoin ETF outflows reach $1.26 billion in worst week since January

US spot bitcoin ETFs lost $1.26 billion this week, their steepest outflow since late January, as higher yields and geopolitical stress undercut institutional crypto demand.

By Caleb Mwangi
Crypto

Polymarket probes suspected wallet compromise tied to Polygon top-up wallet

Polymarket said a suspected private-key compromise hit an internal Polygon top-up wallet after reports of a $520,000 drain, while user funds stayed safe.

By Caleb Mwangi
Crypto

Grayscale amends HYPE ETF filing as the crypto fund race broadens beyond bitcoin and ether

Grayscale's amended HYPE ETF filing follows early inflows into rival Hyperliquid funds, showing crypto ETF competition is moving beyond Bitcoin and Ether.

By Caleb Mwangi
Crypto

Galaxy, BitGo revive $100M claim in Delaware court fight

Galaxy and BitGo are battling in Delaware over a $100 million claim tied to their failed 2022 merger, keeping one of crypto's biggest broken deals alive in court.

By Caleb Mwangi
Crypto

Kraken wins Dubai approval for regulated UAE crypto route

Kraken won preliminary approval from Dubai's VARA, opening a regulated UAE route for spot, OTC, staking and Prime services as exchanges compete for Gulf crypto flows.

By Caleb Mwangi
Crypto

Nasdaq wins SEC approval for bitcoin index options

Nasdaq won SEC approval to list bitcoin index options, giving institutions another regulated hedging route while CFTC clearance is still pending.

By Caleb Mwangi
Crypto

Quantum risk is becoming a custody problem for crypto

Bitcoin quantum risk is starting to look like a custody issue, with 6.04 million BTC in exposed addresses and firms mapping post-quantum migration paths.

By Caleb Mwangi
Deals

Blockchain.com confidentially files for US IPO as crypto firms push for public listings

Blockchain.com has confidentially filed for an IPO with the SEC, joining Circle, Gemini, and BitGo in a wave of crypto-native companies seeking public listings as the regulatory environment shifts.

By Naomi Voss
Regulation

South Carolina anti-CBDC law bars state use, backs self-custody

South Carolina anti-CBDC law bars state agencies from digital-dollar tests and shields self-custody, mining and staking in statute.

By Tomás Iglesias
Crypto

Japan blockchain finance plan backs tokenized deposits

Japan blockchain finance plan backs tokenized deposits, yen stablecoins and a five-year roadmap, pushing digital rails into mainstream market plumbing.

By Sloane Carrington
Crypto

Bitcoin nears $77,000 as ETF outflows hit institutional demand

Bitcoin fell toward $77,000 as $1.5 billion in spot ETF outflows and weaker derivatives positioning signalled a deeper institutional pullback.

By Caleb Mwangi
Crypto

AI Financial flags going-concern risk after $271.5m WLFI loss

AI Financial's going-concern warning followed a $271.5 million WLFI-driven loss, showing how locked tokens and thin cash can strain a listed balance sheet.

By Caleb Mwangi
Crypto

Galaxy (GLXY) wins New York BitLicense as state crypto access widens

Galaxy's New York approval gives the firm access to a prized institutional market and underscores how U.S. crypto access is widening state by state before federal rules are settled.

By Caleb Mwangi
Crypto

SBI, Rakuten prepare bitcoin and ether trusts for Japan retail investors

SBI Securities and Rakuten Securities are preparing Bitcoin and Ether trust products for Japanese retail clients, people familiar with the plans said Sunday, the latest sign that regulated crypto access is broadening beyond the ETF-heavy U.S. market.

By Caleb Mwangi
Crypto

Standard Chartered's $4tn tokenization call is really a DeFi market-structure bet

Standard Chartered's $4 trillion forecast matters because it implies DeFi could become the lending and settlement layer for tokenized institutional assets.

By Sloane Carrington
Crypto

Kraken layoffs show the crypto IPO window is cooling

Kraken's 150 job cuts and a drift toward a 2027 flotation suggest public investors still want steadier exchange revenue, not another bull-market growth story.

By Sloane Carrington
Crypto

Strategy buys 24,869 bitcoin for $2.01 billion as prices soften

Strategy added 24,869 bitcoin for about $2.01 billion in the week to May 17, lifting holdings to 843,738 BTC as the token traded lower on Monday.

By Caleb Mwangi