Ark Invest buys $4.4M in Bullish shares as stock rebounds

Wintermute said Bitcoin’s latest rally has failed its first major macro test, arguing that the move was driven more by leverage and short covering than by durable spot demand. In its May 18 market update, the trading firm pointed to hot inflation, rising Treasury yields, ETF outflows and renewed rate-hike pricing as the backdrop behind a sharp reversal across digital assets. “Last week we said we’d find out fast what kind of rally this was. We found out,” Wintermute wrote. “BTC failed at the 200-day on the first real macro shock, which tells you it was the squeeze driving it all along.” The firm’s update framed the week as a macro-led repricing. April CPI came in at 3.8% year over year, above the 3.7% consensus estimate, while core CPI rose 0.4% month over month. Wintermute said the inflation shock has become harder for markets to dismiss, noting that the prolonged energy shock is now moving into core inflation and that real wages turned negative for the first time in three years. Rela

Ark Invest bought $4.4m in Bullish shares as BLSH rebounded from a five-day drop, with Q1 loss and Equiniti deal still in focus for markets.

Trump ordered federal regulators to review fintech and digital asset rules tied to banking and payment system access. The order gives agencies 90 days to identify barriers facing fintech firms and digital asset companies. Trump Order Targets Digital Asset Access to Payment Rails President Donald Trump issued an executive order on May 19 directing federal […]

XRP is making its boldest move yet into mainstream finance as two of the biggest names in traditional finance are stepping deeper into crypto. The CME Group and Nasdaq have announced plans to introduce a new crypto index futures product, and XRP is included in the basket. The contract will give institutional investors regulated access to a range of digital assets through a single product, opening the door to the trillion-dollar Wall Street market.  CME And Nasdaq To Launch XRP-Inclusive Crypto Index Futures In a landmark move, the CME Group and Nasdaq are set to launch the Nasdaq CME Crypto Index Futures on June 8, marking the first-ever market-cap-weighted crypto index futures contract. The single cash-settled product will give institutional investors regulated exposure to a basket of digital assets, including Bitcoin, Ethereum, Solana, XRP, Cardano, Chainlink, and Stellar. Related Reading: If You’re Holding XRP, This Pundit Says You Should See This Crypto expert Pumpius was among the

Coinbase and Gemini increased security spending as kidnappings, home invasions, crypto crime, and “wrench attacks” continue rising worldwide. Crypto companies are increasing security spending after several attacks targeted crypto executives and investors. According to Bloomberg, criminal groups are now using kidnappings, home invasions, and physical threats to steal digital assets. As a result, the big […] The post Coinbase and Gemini Spend Millions Protecting Executives from Crypto Crime appeared first on Live Bitcoin News.

Of all the major digital assets, XRP has the most to gain from the CLARITY Act becoming law, and the reason is not hype. It is history. XRP spent four years as the defendant in crypto’s most consequential lawsuit, and…

U.S. cryptocurrency adoption has climbed to its highest level in three years, with a growing share of adults using digital assets primarily as investments rather than for everyday payments, according to a new Federal Reserve report. According to the Federal…

The bank, which is currently the third largest financial institution in Brazil, confirmed that it had found a partner to enter the cryptocurrency custody business, including stablecoins. Bradesco’s head of innovation also indicated that the bank had an internal structure dedicated to digital assets. Bradesco Announces Future Launch of Cryptocurrency Custody Services Traditional financial institutions […]