Risk assets would take a significant hit if Iran closes the Strait of Hormuz, a narrow waterway supplying 20% of the global oil trade.
Cryptocurrency News
$8.2 million company with stock down 99.8% to invest $500 million in crypto, 50% down since Jan. What could possibly go wrong? [btcmanager]
Nasdaq-traded company from Austin, Texas, Interactive Strength, made headlines by betting big on AI tokens. It announced setting up a crypto treasury and investing $500 million in Fetch AI token (FET). The problem is that the company is far from…
Crypto legislation in the US is at a ‘critical’ juncture, says industry exec [cointelegraph]
The latest episode of Decentralize with Cointelegraph unpacks why US crypto legislation must pass in 2025 or risk renewed crackdowns and political blowback.
Panic or opportunity? What crypto capitulation tells smart investors [cointelegraph]
Crypto market capitulation refers to a point of extreme selling pressure when investors panic and sell off assets, often marking the bottom of a market cycle.
Invesco and Galaxy register Solana ETF trust in Delaware [btcmanager]
Invesco and Galaxy Digital have registered a trust in Delaware for a proposed Solana exchange-traded fund, marking one of the introductory steps toward launching a spot Solana exchange-traded fund in the United States. The registration, listed as “Invesco Galaxy Solana…
US Senate to vote on amended stablecoin bill on June 17 [cointelegraph]
Though concerns about the Trump family’s connections to World Liberty Financial’s stablecoin shadowed debate on the GENIUS Act, the bill is closer to passing the Senate.
Bitcoin is oversold after Israeli strike on Iran: analyst [btcmanager]
Bitcoin took a big hit on escalating tensions in the Middle East. However, a recovery may soon follow, analysts suggest.
Bitcoin is oversold after Israeli strike on Iran: analyst [btcmanager]
Bitcoin took a big hit on escalating tensions in the Middle East. However, a recovery may soon follow, analysts suggest.
XRP price nears big move as RLUSD flirts with $500m milestone [btcmanager]
XRP price retreated for the fourth consecutive day as the crypto market crash continued. Ripple (XRP) dropped to a low of $2.0715 on Friday, June 13, down 11% from its highest point this week and 36% below its peak earlier…
XRP price nears big move as RLUSD flirts with $500m milestone [btcmanager]
XRP price retreated for the fourth consecutive day as the crypto market crash continued. Ripple (XRP) dropped to a low of $2.0715 on Friday, June 13, down 11% from its highest point this week and 36% below its peak earlier…