Author: btcadmin

Crypto investment products have been seeing weekly outflows for four consecutive weeks now, with $876 million withdrawn last week, bringing the four-week total to $4.75 billion. The sustained withdrawals and an ongoing cryptocurrency market drawdown have erased gains made since November 2024 after Donald Trump won the U.S. Presidential elections, pushing total assets under management…

Cryptocurrencies extended a sell-off on Monday as risk assets including equities tanked during the early U.S. hours. Following a bounce to around $84,000 earlier in the day, perhaps buoyed by Strategy’s $21 billion fundraising plan, bitcoin (BTC) slid below $80,000, down 3.8% over 24 hours. The Ethereum blockchain’s ether (ETH) briefly slipped below $2,000, to…

Blockchain firm Movement’s public mainnet is set to launch in beta, continuing the progress toward deploying Movement Virtual Machine (MoveVM) on Ethereum. The mainnet will roll out Monday with over $233 million worth of BTC, ETH, and native assets, MOVE, in liquidity raised through Movement’s Cornucopia program. STORY CONTINUES BELOW Read more: Movement Labs Unveils…

The Cayman Islands, an autonomous British Overseas Territory in the Caribbean that has attracted many crypto firms over the past several years thanks to its friendly regulatory structure, now requires companies that provide custody and trading services to obtain a license. STORY CONTINUES BELOW According to the country’s updated Virtual Asset (Service Providers) (Amendment) Regulations,…

President Trump’s executive order calling for the formation of a strategic bitcoin (BTC) reserve and a crypto stockpile is a “pivotal moment” for the industry, investment bank KBW said in a research report Friday. The President directed his administration to establish a Bitcoin Strategic Reserve to hold the assets that have been seized by the…

Web3 wasn’t designed for humans at scale; it was built for machines. Its complexity has limited its adoption, but the “Post Web” stack is taking shape with AI agents emerging as autonomous economic actors. STORY CONTINUES BELOW Smart contracts, decentralized networks, and verifiable computation will remain. But now they are being optimized for AI-driven execution,…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2658.12, down 7.2% (-205.91) since Friday at 4 p.m. ET. Story continues Don’t miss another story.Subscribe to the Crypto Long & Short Newsletter today. See all newsletters Sign me…

Investment managers Rex Shares and Osprey Funds have filed to list an exchange-traded fund (ETF) tracking the price performance of Movement Networks’ MOVE. The Ethereum layer-2 network’s mainnet, which is built using MoveVM, is expected to launch on Monday. Story continues Don’t miss another story.Subscribe to the Crypto Long & Short Newsletter today. See all…

Thailand’s financial regulator the Securities and Exchange Commission (SEC) is expanding its list of approved cryptocurrencies with the two largest stablecoins, Tether’s USDT and Circle’s USDC as trading pairs on digital asset exchanges. Previously, only bitcoin (BTC), ethereum (ETH), XRP, stellar (XLM), and certain tokens used in the Bank of Thailand’s settlement system were approved…

Prices for XRP, the payments-focused cryptocurrency used by Ripple to facilitate cross-border transactions, plummeted over 27% in the week ended March 9, marking its largest weekly percentage decline since November 2022, according to data source TradingView and CoinDesk. The sell-off has brought attention to $1.95, key support, which, if breached, could lead to more profound…