The crypto market is getting redder by the minute as the spat between U.S. President Donald Trump and Tesla CEO Elon Musk intensifies. Late in the U.S. day, bitcoin BTC was down more than 4% to $100,500, threatening to dip back into five digits for the first time in a month. The CoinDesk 20 —…
Key Takeaways: Indian and U.S. officials began trade talks in New Delhi ahead of Trump’s July 9 deadline. Negotiations focus on tariff reductions in the agriculture and automobile sectors. India is offering a 10% average tariff rate contingent on reciprocal concessions. Industry advocates say tax clarity could align crypto growth with India’s global trade goals.…
Circle Internet Financial, the company behind the USDC stablecoin, made a dramatic entrance on the New York Stock Exchange (NYSE), with its shares surging as much as 160% during its trading debut on June 5. I am incredibly proud and thrilled to share that @circle is now a public company listed on the New York…
Uber is exploring dollar-pegged stablecoins as a tool for transferring funds across its global network, CEO Dara Khosrowshahi said on June 5 at the Bloomberg Tech conference in San Francisco. Khosrowshahi explained that blockchain-based tokens could settle payments faster than traditional correspondent bank channels and eliminate layers of foreign exchange fees. He said that stablecoins…
The U.S. Department of the Treasury has sanctioned a Philippines-based tech company, Funnull Technology Inc., for providing the computer infrastructure for “hundreds of thousands of websites” involved in pig butchering scams, according to a Thursday press release from the Treasury’s Office of Foreign Asset Control (OFAC). OFAC also sanctioned Liu Lizhi, a Chinese national working…
Shares of Circle (CRCL) surged in its first day of trading on the New York Stock Exchange (NYSE), closing at $83 after coming public at $31. The stock spiked to as high as $104 after the first trades crossed the board at $69. For traders and analysts alike, though, the focus now shifts to whether…
Bitcoin (BTC) plunged to a low of $101,500 on June 5, marking its sharpest decline in over a month as a wave of selling swept through crypto markets. The drop extended a multi-day slide triggered by shifting investor sentiment and declining demand from institutions. The world’s largest cryptocurrency touched a low of $101,500 before stabilizing…
CoinFlip, a Chicago-based operator of more than 5,500 cryptocurrency ATMs globally, is exploring a potential sale as merger and acquisition activity heats up across the digital asset sector, according to Bloomberg. The company is working with an advisor to gauge buyer interest, the report said. CoinFlip could seek at least $1 billion in a deal,…
Uber Technologies Inc. is exploring the potential use of stablecoins for global money transfers, according to CEO Dara Khosrowshahi, speaking at the Bloomberg Tech conference in San Francisco on June 5 Khosrowshahi emphasized that stablecoins, which are digital tokens typically pegged to fiat currencies like the U.S. dollar and backed by reserves, offer practical advantages,…
$FARTCOIN tumbled below $1 like a rock—yet one investor just scooped up $3M worth, betting it’s a springboard to $3. The Solana memecoin, now oversold after 40 days above $1, has traders locked in a tug-of-war. Is this the final bargain before liftoff, or the calm before another drop? Oversold $FARTCOIN Sinks Below Key Support—But…