Bitcoin (BTC) traded above $79,000 Monday morning Asia time as markets around East Asia opened to chaos and carnage as the global sell-off continued. The CoinDesk 20 (CD20), a measure of the performance of the largest digital assets, is down 8%. Hong Kong’s Hang Seng Index is down over 8% during mid-morning trading, while Shanghai’s […]

Cathie Wood’s ARK Investment Management took advantage of the $5.4 trillion U.S. equities market sell-off and purchased over 83,000 shares of Coinbase (COIN), increasing exposure to the crypto exchange even as prices dipped sharply across the board. The total shares purchased were worth more than $13 million, taking Friday’s closing price for Coinbase. According to […]

Credit spreads are widening and have reached their highest levels since August 2024 — a period that coincided with bitcoin (BTC) dropping 33% during the yen carry trade unwind. One way to track this is through the ratio of the iShares 3–7 Year Treasury Bond ETF (IEI) to the iShares iBoxx $ High Yield Corporate […]

Bitcoin’s (BTC) recent stability amid Nasdaq turmoil driven by tariffs has generated excitement among market participants regarding the cryptocurrency’s potential as a haven asset. Still, the bulls might want to keep an eye on the bond market where dynamics that characterized the COVID crash of March 2020 may be emerging. Nasdaq, Wall Street’s tech-heavy index […]

Staff at the U.S. Securities and Exchange Commission (SEC) are reviewing past crypto-related guidance to determine whether it still reflects the agency’s current priorities, according to a statement from acting chairman Mark Uyeda, posted on social media platform X. Among several key documents, the SEC staff’s statement on funds registered under the Investment Company Act […]