Taylor Lindman, the deputy general counsel at blockchain firm Chainlink Labs, has joined the Securities and Exchange Commission’s Crypto Task Force as its new chief counsel, filling a role left by now-CFTC chair Michael Selig. In an X post on Monday, Chainlink Labs announced Lindman’s departure after five years and confirmed his official appointment to … Read more
Spot Bitcoin exchange-traded funds (ETFs) are on track to post a fourth consecutive month of net outflows as Bitcoin (BTC) approaches a fifth negative monthly close in February. The slowdown is visible across the shrinking fund balances and the bearish rolling net flow data, especially when measured against competing asset ETFs. With Bitcoin price and … Read more
PayPal Holdings has reportedly attracted unsolicited takeover interest after a prolonged stock slump left the payments giant trading well below recent highs, signaling that competitors were looking to consolidate their footprint in the digital payments space. Citing people familiar with the matter, Bloomberg reported Monday that PayPal has been meeting with banks to review buyout … Read more
World Liberty Financial, the crypto company backed by US President Donald Trump and his sons, reported being targeted by hackers, “paid influencers,” and short sellers in an effort to “manufacture chaos” against the USD1 stablecoin. In a Monday X post, World Liberty said the attack, which happened earlier this morning, failed after hackers targeted “several … Read more
Key takeaways Measuring real Bitcoin payments is difficult because many transactions go through intermediaries, crypto cards or instant conversions. Surveys show that a sizable minority of crypto holders have used crypto to buy goods or services at least once but rarely distinguish Bitcoin from other assets. El Salvador’s experience suggests that making Bitcoin legal tender … Read more
Crypto investment products recorded $288 million in outflows last week, extending their losing streak to five consecutive weeks — the longest stretch of exits since the launch of US spot Bitcoin exchange-traded funds (ETFs) in 2024. The latest withdrawals bring cumulative outflows to $4 billion, according to CoinShares’ Monday report. Despite the sustained downturn, total … Read more
Bitcoin (BTC) heads into the end of February on new local lows as $50,000 BTC price targets stay in place. Bitcoin sellers pile in at the weekly close, with consensus seeing rebounds ultimately failing. Geopolitics and inflation woes pile up for global assets, with tariffs spoiling the mood. Bitcoin whales dominate exchange inflows, leading to … Read more
Binance doubled down on its compliance credentials in a blog post after a report published earlier this month accused it of sanction violations. Crypto exchange Binance says it has “significantly reduced exposure” to sanctioned entities and high-risk jurisdictions, including exposure to Iran since January 2024. In a blog post titled “Setting the record straight” on … Read more
Bitcoin plunged over $3,000 in two hours, while the Crypto Fear and Greed Index has slumped to historic lows again. The Crypto Fear and Greed Index fell to its lowest levels on Monday as Bitcoin plunged more than 4% to $64,300, erasing its gains since Friday. More than 136,000 traders were liquidated over the past … Read more
The US Securities and Exchange Commission (SEC) staff last week clarified that broker-dealers can apply a 2% “haircut” to their stablecoin holdings without objection from the SEC. Previously, broker-dealers were uncertain whether to apply a 100% haircut to their dollar-pegged stablecoins, meaning that they did not count the tokens toward their net capital under existing … Read more