Bitcoin Drops Below $79,000 as Traders Bet on a Fed Rate Hike
Bitcoin slipped below $79,000 as traders priced in a Federal Reserve rate hike, while spot ETF inflows cooled to $232.1 million after an eight-day, $2.8 billion streak.
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Better and Coinbase Make Bitcoin-Backed Mortgages Generally Available
Better Mortgage and Coinbase opened their Bitcoin-collateralized down-payment mortgage to all Coinbase One members, letting US buyers pledge BTC instead of selling it.
Kalshi Raised $1.12 Billion via Private Equity Offering Since April, SEC Filing Shows
A new SEC Form D filing shows Kalshi raised $1.12 billion in equity since April, well past earlier reports it was seeking $750 million at a $40 billion valuation.
Bitcoin Hits $80,000 for the First Time Since May as Crypto Recovery Accelerates
Bitcoin crossed $80,000 for the first time since May, extending a rally traders link to dollar weakness and Treasury bond buybacks — while Solana jumped 8% and the options market flagged overbought signals.
Coinbase Debuts Tokenized Stocks on Base, Joining Race to Bring Equities On-Chain
Strategy sold $2 billion of MSTR stock last week and funneled the proceeds into a new USD Cash pool and preferred-stock buybacks, leaving its 840,447 BTC stack untouched for another week as bitcoin pushed toward $80,000.
Strategy Sells $2 Billion of MSTR Stock, Builds New USD Cash Pool, Skips Bitcoin Again
Strategy sold $2 billion of MSTR stock last week and funneled the proceeds into a new USD Cash pool and preferred-stock buybacks, leaving its 840,447 BTC stack untouched for another week as bitcoin pushed toward $80,000.
Japan’s SBI Leads $68M Fasset Round, Pushing Stablecoin Neobank to $1B Valuation
Stablecoin neobank Fasset raised a $68M Series C led by Japan's SBI Group at a $1B valuation, with plans for a Malaysia digital bank and expanded cross-border stablecoin payments.
XRP Posts Biggest Weekly Gain in 21 Months as Treasury Buyback Stirs ‘Curve Control’ Trade
XRP surged roughly 50% this week, its best weekly performance since November 2024, as traders tied the move to a US Treasury buyback program and speculation that officials may be engineering lower long-term borrowing costs.
Term Finance vaults drained in apparent governance exploit, losses put near $8.5 million
Term Finance, a DeFi lending protocol built with a seven-day timelock and LP veto to stop malicious proposals, was drained of an estimated $8.5 million after a governance exploit bypassed both safeguards.
Tether’s $120 Million Uruguay Bitcoin Mining Project Collapsed Over a Power Contract Dispute
Tether's $120 million bitcoin mining buildout in Uruguay shut down after state utility UTE cut power over a contract dispute, Reuters reported — a rare public setback for the stablecoin issuer's mining push.