Bitcoin edges towards $97,000 as US labor market exceeds job growth expectations
The US labor market added 177,000 jobs in April, exceeding expectations of 130,000, according to the latest nonfarm payrolls report (BLS). The unemployment rate remained steady at 4.2%, matching forecasts…
FCA aims to curb risky crypto lending and credit purchases to protect UK investors
The Financial Conduct Authority (FCA) is preparing to introduce stricter regulations for the UK’s crypto sector as it looks to reduce risks for retail investors, according to a new discussion…
Senate looks to push through GENIUS stablecoin bill before end of May
Senate Republicans have accelerated efforts to bring the first comprehensive federal stablecoin legislation, the GENIUS stablecoin bill, to a floor vote before the Memorial Day recess. Senate Majority Leader John…
US targets Huione Group in crackdown on $4 billion crypto laundering network
The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed banning Cambodia’s Huione Group from accessing the American financial system, according to a May 1 statement. If approved, the proposed…
Doomsday clock hit 89 seconds to midnight but Bitcoin could turn back time?
The Doomsday Clock, a symbolic gauge maintained by the Bulletin of the Atomic Scientists since 1947, now stands at 89 seconds to midnight. This marks its closest position yet, reflecting…
Public companies have already acquired 96% of all Bitcoin to be mined in 2025
Publicly listed companies have bought roughly 157,957 Bitcoin (BTC) as of May 1, accounting for 96% of the 164,250 BTC projected to be mined throughout the year. Bitcoin Treasuries data…
Strategy achieves $5.8B in yearly Bitcoin gains, raises BTC Yield target to 25%
Strategy’s Bitcoin-focused investment operation achieved a year-to-date BTC Yield of 13.7% and a BTC $ gain of $5.8 billion as of April 28, according to its first quarter earnings report.…
21Shares highlights Dogecoin’s role in diversified, high-return investment portfolios
A modest 1% allocation to Dogecoin (DOGE) could significantly improve portfolio returns without meaningfully increasing risk, according to a new analysis by crypto investment firm 21Shares. In its April report,…
Two Prime drops Ethereum, labeling it a memecoin amid waning institutional interest
Algorithmic trading firm Two Prime formally dropped its exposure to Ethereum (ETH), stating that ETH now trades as a memecoin rather than a predictable asset. According to CEO Alexander Blume,…
Bitcoin market clears speculative froth as on-chain indicators stabilize
A structural reset is underway across Bitcoin’s (BTC) on-chain metrics, with several key indicators returning to historical equilibrium levels, signaling a broad flush of speculative excess. A recent Glassnode report…