Bitcoin Swings on CME Open BTC briefly topped $82,400 before slipping below $81,000 as traders repositioned around CME futures open and geopolitical risks rattled markets. Iran tensions continue to weigh on investor sentiment, with traders balancing safe-haven demand against risk appetite in the crypto space.
Digital Asset Seeks Major Funding Round Canton Network’s Digital Asset is targeting a $2 billion valuation in a new funding round led by a16z crypto, according to Bloomberg. Sources familiar with the matter told Bloomberg the fundraiser is expected to close in the coming weeks and the final amount might vary. Digital Asset is a major player in enterprise-grade blockchain infrastructure.
Crypto.com Gets UAE Regulatory License Crypto.com’s UAE entity became the first VASP to receive a UAE central bank SVF license tied to Dubai government crypto payment services. This marks another milestone in the UAE’s efforts to position itself as a leading crypto hub in the Middle East.
Crypto Fund Inflows Continue for Sixth Week Global crypto investment products recorded $858 million in inflows for the sixth consecutive week, according to CoinShares. US products and Bitcoin ETFs led the inflows. Progress on the Clarity Act has boosted sentiment, with institutional investors continuing to add positions. This marks the longest streak of positive weekly inflows since the beginning of the year.
Bitcoin briefly crossed the $82,000 threshold in the past 24 hours, reaching a recent high. Market analysts attribute the rally primarily to improving macroeconomic conditions. The Block reports that simultaneously, Sui surged 25% over the same period. Analysts pointed to Sui Group Holdings’ decision to stake 108.7 million SUI tokens as the catalyst. This large-scale staking reduced circulating supply, driving the price upward. The broader crypto market is showing signs of recovery. After weeks of volatility, improving macroeconomic data is gradually restoring investor confidence. Analysts suggest that if the current trend persists, Bitcoin may test higher resistance levels. ...
The world’s largest asset manager files to expand its tokenized fund lineup as real-world asset tokenization grows 200% year over year.
Cross-chain interoperability protocol LayerZero acknowledges primary responsibility for a $292M exploit affecting KelpDAO, reversing its initial framing of the incident as a developer configuration failure.
A CertiK report reveals a surge in physical extortion attacks targeting crypto holders, with criminals increasingly threatening victims’ family members. The so-called wrench attacks represent a growing physical security threat in the crypto space.
Kraken Parent Company Payward Has Applied for an OCC Charter Payward, the parent company of cryptocurrency exchange Kraken, has filed an application with the Office of the Comptroller of the Currency (OCC) to become a federally regulated trust company. This would add a federal banking charter to Kraken’s existing Wyoming state bank charter and Federal Reserve master account access. The move represents a significant step in crypto industry regulatory engagement, as Kraken seeks to operate under federal banking oversight. The OCC charter would allow the company to offer trust services and potentially expand its banking operations under federal supervision. ...
[Brief] Bitcoin’s rally cooled after April jobs data failed to break through macroeconomic resistance levels, with Iran tensions and Bitcoin ETF outflows adding downward pressure. Analysts suggest BTC may need to consolidate while awaiting clearer macro signals. Source: The Block