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Crypto & Web3CoinDesk ·

Bitcoin Posts 20% Loss in June, Monthly Chart Signals Deeper Concern

Bitcoin recorded a 20% decline during the month of June, marking a significant drop for the leading cryptocurrency. The monthly price chart paints a more alarming picture than the headline figure alone suggests. Technical analysts studying the chart patterns indicate the sell-off may carry deeper implications for Bitcoin's near-term trajectory. The June performance stands out as one of the more notable monthly losses in recent periods for the asset.

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Crypto & Web3CoinDesk ·

US Spot Bitcoin ETFs Post Worst Month Ever with $4.5B in June Outflows

US spot bitcoin ETFs recorded their worst month on record in June, shedding $4.5 billion in outflows. The figure surpassed the previous worst monthly outflow by 29%, marking a significant milestone in the short history of these funds. The heavy redemptions were driven by nine consecutive days of outflows that stretched to the end of the month. The sustained selling pressure reflects growing investor caution around bitcoin-linked investment products during the period.

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Crypto & Web3CoinDesk ·

Anthropic Restores Fable and Mythos AI Models After US Lifts Export Controls

Anthropic has restored access to its AI models Fable 5 and Mythos 5 following the US government's decision to lift export restrictions on June 30. The models had been frozen and made inaccessible to all users after a cybersecurity finding triggered an export control order. The restrictions were put in place weeks before the clearance was granted. With the government's approval, Anthropic was able to bring the two models back online for users.

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Crypto & Web3CoinDesk ·

Poland Stalls MiCA Licensing as President Blocks Key Crypto Regulation

Poland has become the only European Union country where crypto firms cannot obtain a MiCA license, due to a political standoff at the presidential level. President Karol Nawrocki has refused to sign legislation that would grant the national financial regulator authority to approve crypto companies. Without this law, Poland's regulator lacks the legal power to issue licenses under the EU's Markets in Crypto-Assets framework. As a result, crypto entrepreneurs based in Poland are being forced to seek regulatory approval in other EU member states. The impasse is pushing tech founders to look beyond their home country simply to gain permission to operate legally within the bloc.

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Crypto & Web3CoinDesk ·

XRP Stabilizes Above $1 as Network Activity and ETF Inflows Pick Up

XRP is holding above the $1 mark following a significant flush of leveraged positions in the market. Open interest in XRP has dropped sharply from the highs seen last year, reducing speculative excess in the asset. However, on-chain metrics are showing signs of improvement, with active addresses and ETF inflows both trending upward. Analysts note that XRP still needs to reclaim the $1.10 level for the technical outlook to turn more convincingly bullish.

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Crypto & Web3CoinDesk ·

Taiwan Passes Comprehensive Crypto Law Covering Licensing, Reserves and Penalties

Taiwan has enacted a broad new law aimed at regulating its cryptocurrency industry. The legislation introduces licensing requirements, reserve mandates, and strict penalties for violations. The bill has been passed and sent to the President for final approval. The move signals Taiwan's intent to establish a structured and accountable framework for digital asset operations in the country.

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Crypto & Web3CoinDesk ·

US Senators Introduce Bill to Bar Foreign Adversaries from Accessing US AI

Republican Senators Tim Scott and Bill Hagerty have introduced new legislation aimed at protecting American artificial intelligence technology from foreign adversaries. The bill seeks to grant the US government expanded powers to safeguard domestic AI assets. Both senators were previously instrumental in passing the crypto-focused GENIUS Act into law. The proposed legislation reflects growing congressional concern over national security risks tied to advanced AI technology falling into hostile hands.

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Crypto & Web3CoinDesk ·

Trump Earned Over $1 Billion From Crypto Ventures, Financial Disclosure Shows

President Donald Trump generated more than $1 billion in earnings tied to cryptocurrency, according to his 2025 financial disclosure filing. The disclosure reveals that crypto has emerged as one of Trump's most profitable business ventures to date. The substantial gains came even as the broader cryptocurrency market was trending toward a downturn. The filing highlights the scale of Trump's personal financial involvement in the digital asset industry during his presidency.

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Crypto & Web3CoinDesk ·

Phantom Wallet Hires Hyperliquid Market Builders to Expand Perpetual Futures

Crypto wallet Phantom is deepening its push into perpetual futures trading. The company has brought on the team responsible for building one of the most prominent market experiments on the Hyperliquid platform. The hire signals a strategic commitment by Phantom to grow its derivatives offerings. This move reflects broader industry interest in integrating advanced trading features directly into crypto wallet products.

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Crypto & Web3CoinDesk ·

Heavy AI spenders are hiring more, not cutting jobs, Ramp study shows

A new study by financial technology firm Ramp has found that companies investing heavily in artificial intelligence are actually growing their workforces. The research shows that top AI adopters increased overall headcount by approximately 10%. Entry-level hiring among these firms rose even more sharply, climbing around 12%. These findings directly counter widespread concerns that generative AI is displacing workers at scale.

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Crypto & Web3CoinDesk ·

OpenUSD Consortium Poses Real but Limited Threat to Circle's Stablecoin Dominance

A stablecoin consortium backed by Stripe and Coinbase, known as OpenUSD, has emerged as a potential challenger to Circle's business model, causing Circle's stock to dip. Analysts acknowledge that the consortium represents a genuine competitive threat given its high-profile backers. However, experts warn that securing prominent partners is far easier than actually building a widely adopted payment network. The path to meaningful market penetration remains steep, as network effects in the stablecoin space are difficult to establish from scratch.

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Crypto & Web3CoinDesk ·

SEC Opens Public Comment Period to Reconsider Rules for Novel ETFs

The U.S. Securities and Exchange Commission is reviewing its regulatory approach toward exchange-traded funds, including those in the cryptocurrency space. The agency has opened a public comment period as part of this rulemaking process. Fund managers operating in both traditional and crypto ETF markets could be affected by any resulting policy changes. The move signals a broader effort by the SEC to reassess and potentially overhaul existing ETF regulations in the United States.

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Crypto & Web3CoinDesk ·

Miles Guo sentenced to 30 years in prison for $1 billion fraud scheme

Chinese dissident and businessman Miles Guo has been sentenced to 30 years in prison following his 2024 fraud conviction. Guo was found guilty of orchestrating a $1 billion fraudulent scheme that included the sham cryptocurrency project known as H-Coin. The case drew significant public attention due to Guo's known associations with former Trump strategist Steve Bannon. The sentencing marks the conclusion of a high-profile legal process against the self-exiled Chinese national.

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Crypto & Web3CoinDesk ·

Jefferies flags crypto volatility risk as Clarity Act heads to Senate vote

Investment bank Jefferies has issued a warning about potential volatility in cryptocurrency markets as the Clarity Act faces a critical test in the US Senate. The bank highlighted that the bill confronts significant legislative hurdles before it can become law. According to Jefferies, successful passage of the act would likely accelerate institutional adoption of cryptocurrencies. However, any delays in the bill's progress would extend the period of regulatory uncertainty that has long weighed on the crypto sector.

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Crypto & Web3CoinDesk ·

Circle shares drop 8% as rivals back new stablecoin network targeting USDC

Circle's stock fell 8% after a competing stablecoin initiative gained significant industry backing. The new project, called Open USD, is developed by Open Standard and offers a model that allows partner companies to retain reserve income. It also eliminates minting fees, making it a more attractive alternative to Circle's USDC stablecoin. Major financial and crypto players including Stripe, Coinbase, and BlackRock have thrown their support behind the rival network. The move signals growing competitive pressure on Circle in the stablecoin market.

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Crypto & Web3CoinDesk ·

MetaMask Launches Money Account Combining Stablecoin Yield and Spending

MetaMask has introduced a new feature called Money Account, which integrates stablecoin yield generation and everyday spending within a single wallet. The product aims to make stablecoins more practical for users beyond their traditional use cases of trading and transfers. The launch represents part of a wider industry effort to expand the real-world utility of stablecoins. By combining earning and spending capabilities in one place, MetaMask is positioning its wallet as a more comprehensive financial tool for crypto users.

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Crypto & Web3CoinDesk ·

Former House Finance Chair Urges Open Competition for Tokenized Securities

Patrick McHenry, vice chairman at Ondo Finance and former Chairman of the House Financial Services Committee, has argued that the tokenized securities market needs open competition rather than regulatory gatekeeping. Writing for CoinDesk, McHenry contends that innovation in financial markets depends on giving investors a range of choices. He warns that Washington risks stifling progress if regulators attempt to pick winners before the market has had time to determine what works. His comments come as policymakers increasingly scrutinize the growing intersection of blockchain technology and traditional securities.

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Crypto & Web3CoinDesk ·

Nasdaq to Distribute TotalView Market Data via Pyth Blockchain Network

Nasdaq has announced it will expand distribution of its TotalView market data feed through Pyth, a blockchain-based data marketplace. The move marks a significant step by a traditional exchange operator into decentralized financial infrastructure. The partnership reflects a growing trend of financial firms building applications on blockchain rails. By integrating with Pyth's network, Nasdaq aims to make its market data more accessible to decentralized finance developers and institutions.

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Crypto & Web3CoinDesk ·

Bitcoin Stuck Near $59K-$60K With Risk of Drop Toward $40,000

Bitcoin has been trading in a narrow range between $59,000 and $60,000 throughout the week. The tight price band resembles a similar consolidation pattern observed earlier in 2024. However, analysts note a key difference: the current pattern is forming below a major support level in a declining market. A decisive breakdown from this range could potentially open the path toward the $40,000 price level.

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Crypto & Web3CoinDesk ·

New York Life Launches Tokenized High-Yield Bond Fund on Blockchain via Centrifuge

New York Life, the $807 billion asset manager, has made its debut in asset tokenization by launching an on-chain high-yield corporate bond fund. The firm partnered with Centrifuge, a blockchain-based real-world asset platform, to bring the product to market. The move marks a significant step beyond the tokenized Treasury funds that have dominated Wall Street's blockchain experiments so far. The development reflects growing institutional interest in expanding tokenization to a broader range of fixed-income assets.

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