Bitcoin briefly topped $70,000 as Charles Schwab, Morgan Stanley, Franklin Templeton and BNY expanded crypto trading, funds and market rails.
Bitcoin neared an early February high as ETF inflows returned, Strategy expanded its holdings and crypto stocks including Coinbase and Robinhood climbed.
Trump backs crypto firms as banks fight stablecoin yield rules, complicating the CLARITY Act while regulators move to enforce GENIUS Act limits.
Bitcoin slid as much as 5% below $65,000 after Trump raised a temporary global tariff to 15%, following a Supreme Court ruling that voided prior duties.
UAE central bank approves dirham-backed stablecoin DDSC for launch on ADI Chain, led by IHC, Sirius and FAB, targeting regulated payments and settlement in UAE.
Beijing broadens digital asset rules to stablecoins and tokenized assets, reinforcing approval requirements and oversight for overseas digital finance activity.
A South Korean crypto exchange mistakenly sent over $40bn in bitcoin to customers before halting accounts and recovering nearly all assets, officials said.
Bitcoin rebounded above $70,000 after falling near $60,000 as volatility hit crypto markets, with heavy liquidations and derivatives activity in focus this week.
Bitcoin fell below $73,000 on Feb. 3, later rebounded above $76,000. CoinGlass data showed $2.56B liquidations as crypto stocks slid. It returned to 2024 levels.
Bitcoin held near $82,800 as gold fell from record highs and silver slid, while CME raised margins and the dollar strengthened after Fed nomination news Friday.
Business
AI
Market buzzes as Apple unveils game-changing AI platform, reshaping tech landscape and sparking fervent interest among industry players.
News Corp. and OpenAI collaborate to enhance AI-generated content, setting new standards for integrity and accuracy in digital journalism.
AI, crypto fuel data centers, risking climate change. Urgent intervention essential, warn experts, demanding action.
Meta solidifies its position in the industry with a strategic AI expansion, driving sustained growth and value creation.
Bitcoin & Altcoins
FinTech
Binance is set to launch four new trading pairs on September 4, 2024, including AAVE/USDC, as part of its strategy to expand offerings amid market fluctuations.
Policy
Beijing broadens digital asset rules to stablecoins and tokenized assets, reinforcing approval requirements and oversight for overseas digital finance activity.
Blockchain & DeFi
Bybit confirms a $1.4 billion security breach affecting its Ethereum cold wallet, as hackers exploit a multi-signature flaw to drain assets, prompting urgent forensic investigations.
Ethereum & NFTs
With the launch of spot bitcoin and ether ETFs, Hong Kong emerges as a trailblazer in Asian crypto trading, reshaping investment strategies.
Global fans can now mint ‘Unseen City Shirts’ as digital collectibles in collaboration between OKX and Manchester City.
Ethereum’s bullish momentum propels its price above $3,600, reflecting sustained interest despite market fluctuations and volatility.
