Finance

Today in crypto, the industry observers are focused on crypto PAC spending in Alabama, Robinhood’s cutting 10% of its workforce despite CEO Vlad Tenev saying the business “has never been stronger” and Bitcoin’s recovery that remains tied to prospects for a US-Iran deal. Crypto PAC has $12M stake in Senate primary runoff as Alabama voters … Read more

Since June 3, more than 720 million XRP (XRP) tokens have left crypto exchanges, and Upbit’s share of XRP wallet flows has climbed to its highest level since May 2024.  The shift comes as XRP rebounded to $1.30 on Monday, with large holder activity continuing to dominate exchange flows and market indicators signal an ideal … Read more

Bitcoin (BTC) dropped back to $66,000 after Tuesday’s Wall Street open as stocks locked in fresh gains. Key points: Bitcoin cools its rebound, even as stock continue higher on US-Iran peace plans. Oil prices hit their lowest levels in three months, but crypto struggles to leverage the tailwinds. BTC price takes still see $70,000 as … Read more

Bitcoin (BTC) risked wiping out its Iran truce gains and returning toward the $60,000 psychological support as the Bank of Japan (BoJ) raised its interest rates to their highest level in thirty years. Key takeaways: BTC has averaged a 5.74% decline in the 30 days after the last four BoJ rate hikes. A repeat of … Read more

Bitcoin miner IREN has completed its acquisition of the Spanish data center developer Nostrum Group, marking its entry into Europe as the company builds out its artificial intelligence cloud business. IREN said in a press release on Monday that the acquisition adds about 490 megawatts of secured, grid-connected power in Spain, along with a development … Read more

The US Government Accountability Office has urged the Federal Deposit Insurance Corporation to make an effort to coordinate with other federal agencies to address risks from blockchain technology. GAO made a June 8 letter to FDIC Chairman Travis Hill public on Monday, which said that it first flagged priority recommendations with the regulator in May … Read more

The US Commodity Futures Trading Commission (CFTC) has hired a new chief data innovation officer with deep experience in blockchain forensics in what could be seen as the regulator’s move toward greater focus on the technology. In a Monday notice, CFTC Chair Michael Selig said that Donald Battle, an adviser to the US Securities and … Read more

Some of the fighters in Sunday’s Ultimate Fighting Championship (UFC) event on the White House lawn will be paid bonuses in stablecoins issued by the Trump family crypto company World Liberty Financial. On Monday, World Liberty confirmed that UFC would pay up to $250,000 in bonuses using USD1, the US dollar-pegged stablecoin issued by the … Read more

Chipmaker Nvidia has reportedly become the latest company to tap the AI debt boom with a planned $20 billion bond offering, underscoring the relentless demand for AI infrastructure and data centers that has also created new opportunities for Bitcoin miners diversifying beyond crypto. On Monday, Bloomberg reported that Nvidia is seeking to raise at least … Read more