China

Senator Warren questions Commerce Secretary Lutnick on Tether loan to family

Senator Elizabeth Warren questioned Commerce Secretary Brad Lutnick regarding a loan from Tether, a major cryptocurrency firm, to his family. The inquiry raised concerns about potential conflicts of interest and the transparency of financial dealings involving government officials and cryptocurrency companies. Warren emphasized the need for stricter regulations in the crypto space to prevent unethical practices. Lutnick defended the loan, stating it was a personal matter and unrelated to his official duties. The exchange highlights ongoing scrutiny of the cryptocurrency industry and its ties to government officials.

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Bitcoin risks extended retreat as April rally was futures-driven: CryptoQuant

According to CryptoQuant, Bitcoin may face a prolonged decline following its April rally, which was primarily fueled by futures trading rather than organic demand. The analysis indicates that the surge in Bitcoin's price was largely driven by speculative futures contracts, raising concerns about its sustainability. Additionally, the report

Bakkt completes acquisition of stablecoin payments firm Distributed Technologies Research

Bakkt has successfully acquired Distributed Technologies Research, a firm specializing in stablecoin payments. This acquisition aims to enhance Bakkt's offerings in the digital asset space, particularly in facilitating stablecoin transactions. The integration of Distributed Technologies Research is expected to bolster Bakkt's capabilities in providing secure and

Bitcoin seals best monthly gain in a year as S&P 500 hits fresh all-time high

Bitcoin achieved its best monthly gain in a year, rising significantly in value as investor sentiment improved. This surge coincided with the S&P 500 reaching a new all-time high, reflecting broader market optimism. Analysts attribute Bitcoin's rally to increased institutional interest and favorable macroeconomic conditions. The

Strategy keeps STRC dividend at 11.5% as stock logs first monthly gain in nine

STRC has maintained its dividend at 11.5%, despite recent market challenges. The stock has recorded its first monthly gain in nine months, signaling a potential turnaround. This strategy aims to attract investors and stabilize the company's financial position. Analysts suggest that the consistent dividend may help bolster

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Bitcoin risks extended retreat as April rally was futures-driven: CryptoQuant

Bakkt completes acquisition of stablecoin payments firm Distributed Technologies Research

Bitcoin seals best monthly gain in a year as S&P 500 hits fresh all-time high

Strategy keeps STRC dividend at 11.5% as stock logs first monthly gain in nine