A bold bet on BlackRock’s spot bitcoin ETF (IBIT) crossed the tape Tuesday, suggesting expectations for a “moonshot” or rapid price surge in the world’s largest publicly listed fund by month-end. On Tuesday, a trader picked up 3,000 contracts of the IBIT $77 strike call option expiring on June 27, according to data source Barchart.com….
Pakistan’s minister of state for crypto and blockchain, Bilal Bin Saqib, met with Robert “Bo” Hines, executive director of US President Donald Trump’s Council on Digital Assets, during a visit to the White House. The meeting focused on boosting cooperation between Pakistan and the United States in the digital assets space. Discussions covered a broad…
World Liberty Financial, the Trump family-backed crypto firm, just dropped $47 worth of its USD1 stablecoin to each wallet that participated in its WLFI token sale. The move comes as USD1, which is pegged to the U.S. dollar and backed by Treasuries and fiat reserves, expands across blockchains as result of Chainlink’s CCIP integration. USD1’s…
Key points: Bitcoin is approaching its bull market top, and not even corporate buyers might survive the comedown, Saifedean Ammous warns. BTC price action is still capable of an 80% drawdown, says the author of “The Bitcoin Standard.” Bitcoin OGs are increasingly warning about the potential lack of attention given to bear markets. Bitcoin (BTC)…
MARA Holdings (MARA) said it produced 950 bitcoin last month, the most since January 2024 and 35% more than in April, while setting a new company record by winning 282 blocks, up 38% month-over-month. The record, powered by MARA’s proprietary MARA Pool, also comes after the payout for verifying blocks and adding them to the…
Food fraud siphons up to $50 billion from the global food industry every year and endangers public health. When deployed rigorously and realistically, blockchain could prevent this shadowy crime. The problem? It comes with a high price tag. Scalability, cost, interoperability and integration pose significant barriers. Not to mention the privacy concerns, regulatory uncertainty and…
Crypto markets are giving no return opportunities for intraday traders, but long-term market watchers say the market is in a coiled spot and key levels are to be monitored for moves on either side. Bitcoin hovered just above $105,000 on Wednesday, showing a steady rise from earlier in the week. Ether , Cardano’s ADA ,…
The US Securities and Exchange Commission will hone its crypto policies with “notice and comment” and move away from shaping its rules through the courts, agency chair Paul Atkins told Congress. In June 3 remarks to the Senate Appropriations Subcommittee on Financial Services, Atkins said the agency’s crypto policymaking “will be done through notice and…
Digital bank Revolut could be planning to expand the scope of its cryptocurrency exchange with a derivatives offering, a new job posting on its website suggests. Revolut is recruiting a general manager of crypto derivatives who will be tasked with taking a new derivatives offering “from zero to scale,” according to the job specification. The…
South Korea’s opposition leader Lee Jae-myung has been sworn in as president following a decisive victory in a snap election, after promising a raft of pro-crypto policies during his campaign. Lee claimed victory in the June 3 election held six months after the country’s previous leader, Yoon Suk-yeol, declared martial law and threw the nation…