Grayscale links Bitcoin outlook to Fed rates
Grayscale Investments said Bitcoin (CRYPTO:BTC) could improve relative to equities if the Federal Reserve refrains from raising interest rates.
Grayscale Investments said Bitcoin (CRYPTO:BTC) could improve relative to equities if the Federal Reserve refrains from raising interest rates.
Crypto-backed political action committees reported spending more than US$8 million on media and campaign support for candidates contesting congressional primary elections.
Aztec, a privacy-focused Ethereum (CRYPTO:ETH) layer-2 network, reached Stage 2 status on L2Beat after an on-chain governance action revoked ownership of its rollup contract.
KuCoin announced the expansion of KuCoin Pay into Argentina and Peru, allowing cryptocurrencies and stablecoins to be used through established QR-code payment networks.
Chainlink (CRYPTO:LINK) launched APAC Equities Streams, a new oracle service providing on-chain pricing data for major Asia-Pacific listed companies including Samsung, SK Hynix, Toyota, Sony and SoftBank.
Cryptocurrency exchange OKX and Intercontinental Exchange announced a proposed joint venture that will be co-chaired by former New York Governor Andrew Cuomo and focused on digital asset infrastructure.
Thailand's Department of Special Investigation expanded a probe into an alleged transnational network accused of using illegal cryptocurrency mining operations to launder more than US$300 million annually from online scams, gambling and cybercrime activities.
The Commodity Futures Trading Commission (CFTC) launched a public consultation seeking feedback on round-the-clock futures trading and perpetual contracts tied to physically delivered energy commodities such as crude oil.
Strategy acquired 520 Bitcoin (CRYPTO:BTC) for US$34.9 million and increased its US dollar reserve by US$300 million, bringing total holdings to 847,363 BTC and reserve assets to US$1.4 billion.
Standard Chartered's Daniel Lam says the US equities market is "probably going to have a little bit of mild correction, not a lot, or stay around the current levels." He also tells Bloomberg Television that "the next area of this AI cycle is going to be the internet stocks."
Bitcoin (CRYPTO:BTC) futures open interest fell from US$26.0 billion to US$20.89 billion during June, a 19.5% decline that exceeded the cryptocurrency's 11.4% price drop over the same period.
Fomo, a social trading and token discovery platform, raised US$75 million in a Series B funding round led by Index Ventures that valued the company at US$550 million.