Crypto Breaking News

US President Donald Trump has formally nominated former Federal Reserve governor Kevin Warsh to serve as the next chair of the US central bank, replacing Jerome Powell.

Crypto asset manager Bitwise has donated $233,000 to three organisations that support open-source Bitcoin developers, funding the contribution with profits from its Bitcoin ETF.

Scotiabank’s asset management arm Dynamic Funds has launched a new actively managed cryptocurrency exchange-traded fund in partnership with digital asset manager 3iQ.

Crypto derivatives markets recorded about $521m in liquidations over the past 24 hours as a burst of volatility triggered forced closures of leveraged positions across major exchanges.

The White House is set to review a new package of prediction market measures submitted by the Commodity Futures Trading Commission, signalling increased regulatory focus on event-linked derivatives.

South Korea’s government and ruling Democratic Party have reportedly agreed to cap major shareholder stakes in domestic cryptocurrency exchanges at 20% as part of new industry regulations.

Kraken’s banking unit has secured a limited-purpose master account from the Federal Reserve Bank of Kansas City, granting the crypto exchange direct access to the US central bank’s Fedwire payments system.

Cryptocurrency markets briefly became the primary venue for global price discovery after US military strikes on Iran occurred while traditional financial markets were closed, according to Bitwise Asset Management CIO Matt Hougan.

Bitcoin surged past $73,000 on Thursday, reaching its highest level in a month after gaining more than $10,000 since its sharp decline following US-Iran military strikes over the weekend.

Morgan Stanley has named Coinbase and BNY Mellon to play major roles in the custody and administration of its proposed spot bitcoin exchange-traded fund according to an amended filing submitted to the United States Securities and Exchange Commission.

Security researchers have identified a powerful iPhone hacking toolkit capable of infecting devices simply when users visit malicious websites.

Stablecoin infrastructure company Cyclops has secured $8 million in fresh funding to expand its enterprise payments platform.