Analysis: Cryptocurrencies

Ghibli effect: ChatGPT usage hits record after rollout of viral feature

The frenzy to create Ghibli-style AI art using ChatGPT's image-generation tool led to a record surge in users for OpenAI's chatbot last week, straining its servers and temporarily limiting the...

IMF's Georgieva says initial signs from US on digital deregulation are encouraging

Initial signs from the Trump administration on its plans to deregulate digital assets are quite encouraging, International Monetary Fund Managing Director Kristalina Georgieva said in a Reuters NEXT...

Hut 8, Eric Trump to launch bitcoin mining company

Hut 8 said on Monday it had joined hands with President Donald Trump's son, Eric Trump, to launch a bitcoin mining company called American Bitcoin. Miami, Florida-based Hut 8 merged the...

India criticises X for calling compliance website a censorship tool

India has criticised Elon Musk's X for wrongly labelling as a censorship portal an official website that allows tech companies to be notified about harmful online content, court papers reviewed by...

French state bank Bpifrance builds fund to buy cryptocurrencies

France's state-owned investment bank, Bpifrance, plans to spend up to 25 million euros on little-known cryptocurrencies in a bid to support France's crypto businesses, it said on Thursday. ...

Trump's pick to lead markets watchdog faces Senate amid agency tumult

Paul Atkins, a former Wall Street regulator whom President Donald Trump has tapped to run the U.S. Securities and Exchange Commission, is set to testify at a Senate confirmation hearing on Thursday...

The rise of Hyperliquid: can HYPE match the platform’s momentum?

Hyperliquid has emerged as DeFi’s leading derivatives DEX with deep liquidity, high performance, and its own blockchain—now evolving into a full DeFi stack. Can the HYPE token live up to that...

Fidelity Investments tests dollar-pegged stablecoin

U.S. asset manager Fidelity Investments is exploring whether to launch its own stablecoin, in the latest sign of mainstream investors looking to cash in on a revival of interest in cryptocurrencies. ...

Trump's World Liberty Financial crypto venture to launch stablecoin

Donald Trump's World Liberty Financial crypto venture will launch a dollar-pegged stablecoin, it said in a statement on Tuesday, after raising more than half a billion dollars from selling a separate...

BlackRock's European Bitcoin Debut: A New Chapter in Crypto Investing

In a move that could be described as both bold and inevitable, BlackRock has unveiled its first bitcoin exchange-traded product in Europe. This launch is a strategic step to capture the burgeoning...

US SEC holds crypto task force roundtable as Trump plans regulatory revamp

The U.S. Securities and Exchange Commission's crypto task force held its first public meeting with experts on Friday, focusing on how securities laws might apply to digital assets as the Trump...

US scraps sanctions on Tornado Cash, crypto 'mixer' accused of laundering North Korea money

The U.S. Treasury on Friday lifted economic sanctions against Tornado Cash, a firm that makes cryptocurrency transactions harder to track, which the Biden administration had accused of helping launder...

Tether is in talks with 'Big Four' firm about reserve audit, CEO says

Tether, the creator of the world's largest stablecoin, is engaging with a Big Four accounting firm as it pushes for a long-awaited audit of its reserves, an effort CEO Paolo Ardoino said will be...

Bitcoin at a crossroads: low liquidity, high uncertainty, and emerging accumulation trend

Bitcoin’s liquidity crunch and slowing market activity signal uncertainty, while decreasing sell pressure from long-term holders and renewed spot ETF inflows raise hopes of a new accumulation phase.

Kraken to acquire NinjaTrader in $1.5 billion deal

Cryptocurrency exchange Kraken said on Thursday it would acquire futures trading platform NinjaTrader in a $1.5 billion deal. ...

Bitcoin miners seek a Plan B - Crypto recap

2024 marked a turning point for Bitcoin mining. Once an amplified mirror of the BTC price, the sector took on a life of its own, breaking the historical correlation between bitcoin price and mining...

Ripple CEO says US SEC will drop appeal against crypto firm

The U.S. Securities and Exchange Commission will drop its appeal against Ripple Labs, the crypto firm's CEO Brad Garlinghouse said in a post on social media platform X. ...

Czech central banker Kubicek 'sceptical' of bitcoin as reserve asset

Czech National Bank board member Jan Kubicek is sceptical about the inclusion of bitcoin among the bank's hefty reserves, wary of legal uncertainties and concerns around volatility of the digital...

Canary Capital continues flurry of US crypto ETF filings with Sui proposal

Canary Capital Group, a digital assets investment firm, said on Monday that it is seeking the green light from regulators to launch an exchange-traded fund tied to the spot price of Sui, a...