China

Bitcoin logs worst first 50-day start to a year on record

Bitcoin has experienced its worst start to the year over the first 50 days, with a decline of approximately 40%. This downturn marks the most significant drop for Bitcoin in this timeframe since its inception. Analysts attribute the decline to a combination of macroeconomic factors, regulatory concerns, and a general downturn in the cryptocurrency market. Despite previous recoveries, Bitcoin's current performance raises concerns among investors about its future trajectory. The overall sentiment in the crypto market remains cautious as traders await potential catalysts for recovery.

Read the full article: CoinDesk

Court Ruling Raises Risk of Nevada Trading Halt for Kalshi, Polymarket

A recent court ruling has increased the risk of a trading halt for Kalshi and Polymarket, two platforms that facilitate prediction markets. The decision stems from concerns over the legality of their operations under U.S. law, which could classify their offerings as illegal gambling. Both companies are now facing

Bitcoin falls below $67,000 as U.S. equities slide and oil pushes higher

Bitcoin has dropped below $67,000 as U.S. stock markets experienced a decline, influenced by rising oil prices. The cryptocurrency's fall reflects broader market trends, with investors reacting to economic uncertainties. Analysts suggest that the combination of higher oil costs and stock market volatility is impacting Bitcoin&

Circle Stock Extends Double-Digit Gains Amid Broader Crypto Rally

Circle's stock has seen significant double-digit gains as the cryptocurrency market experiences a broader rally. The company's positive performance is attributed to increasing investor confidence and rising demand for its USDC stablecoin. This surge in stock value reflects a growing interest in digital assets and the

Tether taps Deloitte for first USAT reserve report

Tether has engaged Deloitte to conduct its first reserve report for the US Dollar Tether (USDT) stablecoin. This move is part of Tether's ongoing efforts to enhance transparency and bolster trust among users and regulators. The report will assess the company's reserves and ensure they are

Read more

Court Ruling Raises Risk of Nevada Trading Halt for Kalshi, Polymarket

Bitcoin falls below $67,000 as U.S. equities slide and oil pushes higher

Circle Stock Extends Double-Digit Gains Amid Broader Crypto Rally

Tether taps Deloitte for first USAT reserve report