HYPE ETFs quietly pulled $161M in one month as Wall Street buys crypto’s on-chain exchange bet

[ad_1] One month after THYP launched on Nasdaq, the three US-traded spot HYPE ETFs have pulled in $161 million in net inflows. June 5 was the only session to register an outflow,... Read more »

Elon Musk’s trillionaire status puts his net worth above crypto’s entire market cap outside Bitcoin

[ad_1] Elon Musk has become the first person in modern history to amass a personal net worth exceeding $1 trillion, crossing the historic threshold on Friday following the record-breaking public market debut... Read more »

SpaceX’s IPO exposes the first crack in tokenized stocks

[ad_1] SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the largest public offering in history, and opened on Nasdaq at $150 Friday morning. By the... Read more »

Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse

[ad_1] The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history this weekend, a stark reflection of the severe margin compression... Read more »

SEC targets 20-year-old rule standing between Wall Street and blockchain trading

[ad_1] The Securities and Exchange Commission (SEC) is moving to dismantle a stock-trading rule that has governed Wall Street for two decades. On June 11, the agency submitted a proposal that would... Read more »

Crypto exchanges are opening a two-front war for the stock market

[ad_1] Binance, Kraken, Bybit, and Gemini are moving to add US stocks and ETFs to their crypto trading apps, making a direct play for the retail brokerage relationship that Wall Street has... Read more »

UK mutual funds may soon be allowed to hold crypto ETNs, but only with a 10% leash

[ad_1] The UK Financial Conduct Authority is weighing a rule that would let UCITS schemes and most non-UCITS retail schemes hold crypto exchange-traded notes, capped at 10% of scheme property. The proposal,... Read more »

Wall Street is buying DeFi tokens again, even as everyone worries the code is unsafe

[ad_1] The total value locked (TVL) on DeFi fell from $172 billion to $148 billion as the sector logged $635 million in exploit losses across April alone. Coinbase Ventures bought Ethena’s ENA... Read more »

Circle wants wrapped Bitcoin to look bank grade before institutions trust it as collateral

[ad_1] Circle has launched cirBTC on Ethereum, but the larger play is to make wrapped Bitcoin look like collateral infrastructure institutions can route through DeFi, OTC desks, lending markets, treasury systems, market... Read more »

Bitcoin’s $10 billion liquidation wave reveals why the AI boom is hurting crypto

[ad_1] Bitcoin’s drop toward $60,000 last week exposed how quickly a shift in investor appetite can turn into forced selling when leverage has been rebuilt beneath the surface of the crypto market.... Read more »