A top economist who nailed the yen’s long decline now says the U.S. dollar has hit peak strength. Robin Brooks, a senior fellow at the Brookings Institution and ex-chief economist at the Institute of International […]
Extending that logic, a strengthening yen should trigger risk aversion in both stocks and cryptocurrencies. That’s precisely what happened in July/August 2024, when the Bank of Japan (BOJ) raised interest rates, sending the yen sharply […]
A federal judge in New York entered a $5.5 million default judgment against NanoBit Limited and five related defendants over an alleged relationship-investment scam built on a fake crypto trading platform. The U.S. District Court […]
The U.K.’s Financial Conduct Authority (FCA) reduced the proposed capital requirements for stablecoin issuers as it set out its formal guidance for cryptocurrency regulations. The financial services regulator cut the amount of financial backing that […]
Strategy (MSTR) stock is set to end the month around 41% lower, its worst monthly performance since 2022, with one trading day remaining. MSTR is on course to mark its 11th negative month out of […]
Bitcoin BTC$58,935.19 fell 1.5% on Tuesday after failing to hold above $60,000 on Monday. It now trades at $59,250, looking set to challenge the weekend lows of $58,800. Ether (ETH) is down by 1.73% since […]
Almost 1,700 UK investors are reportedly suing Binance and its founder Changpeng Zhao for 150 million British pounds ($200 million), alleging the crypto exchange offered and sold crypto derivatives without regulatory approval. The law firm […]
Though BTC has recently stabilized around $60,000, the prospects for a meaningful recovery remain bleak because institutional demand is falling significantly short of soaking up supply. The latest chart by Glassnode shows that bitcoin exchange-traded […]
The launch adds another blue-chip asset manager to Wall Street’s tokenization push. Firms including BlackRock, Franklin Templeton, Apollo and Janus Henderson have embraced onchain versions of traditional funds, betting the technology can modernize how assets […]
Key Takeaways Draftkings launched DKeX on June 26, shifting its prediction markets off CME and Crypto.com onto its own CFTC exchange. Draftkings Predictions hit roughly $11.3B in annualized trading volume for the week ended June […]
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