Bitcoin BTC$90,276.51 slipped toward $90,000 on Thursday as crypto markets unwound much of Tuesday’s rebound, with broad risk appetite weakening despite the Federal Reserve delivering a widely expected rate cut and restarting Treasury purchases. Major tokens extended weekly losses, and more than $514 million in leveraged positions were wiped out over the past day as …
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Bitcoin, Ether Drop Leads to $370 Million in Long Liquidations
Crypto markets absorbed one of their largest leverage resets in weeks in the past 24 hours with more than $514 million in positions liquidated over 24 hours as a sharp intraday swing triggered forced selling across major derivatives venues. Data from CoinGlass shows that longs accounted for $376 million of the total, nearly three times …
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Bitcoin (BTC) Weakness Hits Ripple Even as ETF Flows Remain Strong
Institutional flows jumped more than 50% above trend on Wednesday as XRP failed again to break through the $2.09–$2.10 ceiling. Sellers slammed the token off resistance and forced a clean move back into the $2.00 psychological shelf, leaving the broader structure stuck in multi-week compression while ETF inflows quietly tighten supply underneath. What to Know …
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Democrats’ Latest Memo Exposes New Fault Lines in Senate Bill
After weeks of what had been tightly buttoned talks between the parties, Senate Democrats have delivered their latest counteroffer on the crypto market structure bill, outlining a set of demands resembling those they first laid out in a public memo in September and potentially revealing the true depth of the divide inside the Senate. The …
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Fed Cut Brings Little Volatility as Bitcoin Waits for Japan
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin held its footing as Hong Kong began its business day, trading …
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Bhutan Debuts Sovereign Gold-Backed TER Token
Bhutan is extending its national blockchain strategy with a gold-backed digital token issued by Gelephu Mindfulness City and supported by the Kingdom’s sovereign framework. The TER token is designed to act as a new bridge between traditional value stores and blockchain-based finance, according to an emailed announcement on Thursday. Tokens are being issued on Solana, …
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Crypto Among Industries Major Banks “Debanked,” OCC Finds
The nine largest US banks restricted financial services to politically contentious industries, including cryptocurrency, between 2020 and 2023, according to the preliminary findings of the Office of the Comptroller of the Currency (OCC). The banking regulator said on Wednesday that its early findings show that major banks “made inappropriate distinctions among customers in the provision …
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A new loophole just proved you don’t actually own your shares – but the fix is already live on Solana
The SEC-registered transfer agent, Superstate, just enabled direct issuance of SEC-registered shares on Ethereum and Solana, settling primary sales in stablecoins and recording ownership to a transfer agent’s ledger that treats the blockchain as the master file. The company’s Direct Issuance Programs let issuers deliver tokens that represent the same legal equity with voting and …
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State Street and Galaxy to Launch Tokenized Liquidity Fund on Solana (SOL) in 2026
State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026 that uses stablecoins for around-the-clock investor flows, expanding the use of public blockchains in institutional cash management, the companies announced Wednesday. The State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP, will accept subscriptions and redemptions in PYUSD, a …
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U.S. Banking Regulator Warns Wall Street on ‘Debanking,’ Claims Practices ‘Unlawful’
President Donald Trump’s drive against U.S. debanking of controversial industries, such as digital assets, has led to a new report from the Office of the Comptroller of the Currency that further confirms the past practice and warns of potential punishment for the banks allegedly involved. The OCC is directing banks to heed President Donald Trump’s …
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