Oil prices fell while cryptocurrencies posted modest gains on Monday after US President Donald Trump told reporters that war with Iran could be coming to an end — even as he later ramped up the war rhetoric again on social media. In a phone interview with CBS News on Monday, Trump made it appear that … Read more
A US trade group made up of some of the country’s biggest banks is reportedly considering suing the Office of the Comptroller of the Currency (OCC), arguing that granting crypto firms bank charters could put Americans and the financial system at risk. According to a report on Monday by The Guardian, citing a “source familiar … Read more
Anthropic, the creator of the AI software Claude, has sued the Trump administration for what it says is an “unlawful campaign of retaliation” after the company refused to allow the military unrestricted use of its technology. Anthropic sued multiple government agencies and officials in a California federal court on Monday, asking the court to reverse … Read more
Nonfungible token platform Gondi said it has disabled the faulty smart contract that allowed a hacker to steal $230,000 worth of NFTs from the protocol, adding it is now in the process of compensating affected customers. Gondi said in an X post on Monday that the hacker exploited the “Sell & Repay” contract, which lets … Read more
The development team that left Electric Coin Company in January to launch Zcash Open Development Lab (ZODL) has raised over $25 million from the likes of a16z Crypto and Coinbase Ventures to continue building the privacy-focused, self-custodial Zodl wallet. ZODL was founded by former ECC CEO Josh Swihart and includes the entire engineering and product … Read more
Bitcoin (BTC) exchange-traded fund (ETF) flows have turned net positive over the past 30 days, while gold ETF demand has started to slow down after nine straight months of inflows. The shift comes even as gold prices remain elevated and sentiment around Bitcoin continues to cool. With these contrasting trends in ETF flows and the … Read more
Fairshake, the political action committee backed by crypto companies Ripple Labs and Coinbase, among others, has reported additional spending on Illinois congressional races with the US midterm elections less than eight months away. In filings on Sunday with the Federal Election Commission, Fairshake reported a $16,000 media buy to oppose Illinois state representative La Shawn … Read more
Key takeaways: Oil price spikes often precede 20% spikes in Bitcoin value, though initial market reactions remain volatile and unpredictable. Bitcoin currently mirrors tech stocks with an 81% Nasdaq 100 correlation, making it less sensitive to oil prices. Oil prices surged to $101 per barrel on Sunday, marking a 55% increase in ten days—the largest … Read more
Nasdaq said it is working with Boerse Stuttgart Group’s tokenized settlement platform Seturion to connect its European trading venues to infrastructure designed to settle tokenized securities using distributed ledger technology. According to Monday’s announcement, the collaboration will initially focus on structured products and aims to support faster settlement of tokenized assets across European capital markets. … Read more
Aon, one of the world’s largest insurance brokers, is testing the use of stablecoins to pay insurance premiums, highlighting the growing role of digital dollars in traditional financial infrastructure following the passage of the GENIUS bill last year. In a Monday announcement, UK-based Aon said it completed a pilot that settled insurance premiums for clients, … Read more