Circle has launched cirBTC on Ethereum, allowing institutions and BTC holders to deploy bitcoin as collateral in decentralized finance ( DeFi) markets without selling their underlying position. What cirBTC Is Every cirBTC token is backed 1:1 by native bitcoin. The underlying BTC is held at a regulated Circle entity and kept separate from the company’s […]
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XRP Flashes ‘Intense Capitulation’ Signal as Holders Take Losses
XRP holders are increasingly taking losses as market sentiment weakens following the token’s earlier surge, according to Glassnode. The analytics firm said current investor behavior reflects “intense capitulation,” with losses now outweighing profits across XRP holder activity. Glassnode Data Shows XRP Holders Are Realizing More Losses Than Gains XRP investor behavior has shifted sharply since […]
Read MoreBitcoin ETFs Bleed $91 Million as Ether ETFs Pull in $82 Million in Single-Day Rotation
U.S. spot bitcoin exchange-traded funds shed $91.37 million on June 8 even as their ether counterparts attracted $82.37 million, a one-day divergence that hints at capital rotating between the two largest crypto assets. A Tale of Two ETF Markets The split lands in the middle of one of the roughest stretches for crypto funds since […]
Read MoreWall Street Slides Hard and Bitcoin Tanks After Iran Shoots Down US Military Helicopter
Wall Street collapsed and bitcoin tumbled Tuesday after Iran shot down a U.S. military helicopter over the Strait of Hormuz, torching an earlier ceasefire rally and sending markets into a sharp risk-off spiral. Markets Get Crushed The Nasdaq Composite shed 844 points, falling to 25,085, its steepest single-session drop since last week’s brutal selloff. The […]
Read MoreEthena Scores $480B TradFi Partner as Janus Henderson Commits to USDe
Ethena has secured a strategic partnership with Janus Henderson, a global asset manager overseeing approximately $480 billion, to diversify USDe’s reserve portfolio with AAA-rated tokenized collateralized loan obligations and open regulated distribution of Ethena’s products to institutional investors. What the Deal Covers Ethena described the arrangement plainly in its announcement: “Ethena has partnered with Janus […]
Read MoreCheckonchain Analyst Says AI Rotation Creates Bitcoin’s Next Major Entry Point for Holders
Onchain analyst James Check says the conditions building across artificial intelligence (AI) stocks and upcoming initial public offerings (IPOs) are creating a setup where bitcoin ends up the most underowned and least-forced-sale asset in the market when the cycle turns. ‘Time Pain’ as a Feature James Check, founder of Checkonchain and co-author of Cointime Economics, […]
Read MoreTraders Bet 60% Odds Anthropic’s Claude Mythos Drops Today as Rumors Hit Fever Pitch
Prediction market traders are putting real money on the table that Anthropic will publicly release its most powerful and controversial artificial intelligence (AI) model, Claude Mythos, within the next 24 to 48 hours, even as the company has made no official announcement. What the Markets Are Saying As of Tuesday morning, Polymarket‘s “Claude Mythos released […]
Read MoreWTI Crude Oil Drops From $95 to $89 as Iran and Israel Halt Fire
On Tuesday, West Texas Intermediate crude oil dropped over 5% to around $89.13 a barrel, and Brent crude slid to $93 a barrel, reversing spikes triggered by recent Middle East tensions. Crude Prices Retreat From Recent Spikes The U.S. benchmark West Texas Intermediate (WTI) crude oil dropped below the $90-a-barrel threshold Tuesday as energy markets […]
Read MoreHYPE Returns to Inflows as ETFs Attract Fresh Capital
Crypto ETF flows were split on Monday, June 8, as ether ETFs drew a strong $82.37 million inflow while bitcoin ETFs finished with a $91.37 million outflow. HYPE returned to positive flows, solana posted a small exit, and XRP ETFs saw no trading activity. Bitcoin ETFs Show Broad Demand Before IBIT’s $233M Exit Reverses Gains […]
Read MoreZcash Climbs 80% Since June 5 as Traders Shrug off Orchard Bug Fears
Zcash jumped 11.3% to $478, marking an approximate 80% recovery since its June 5 plunge. The rally pushed its market capitalization back above $8 billion and wiped out $11.5 million in short positions. The Orchard Vulnerability Privacy coin Zcash (ZEC) surged on Tuesday, jumping 11.3% to $478 as it maintained a steady recovery that began […]
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