Crypto
Latest crypto news covering bitcoin, altcoins, regulation, exchanges, blockchain, and digital asset markets from A47 News.
42 stories - Updated live
Bitcoin Depot files for Chapter 11 bankruptcy amid regulatory pressures
Bitcoin Depot has filed for Chapter 11 bankruptcy protection in Texas, marking a significant shift in the cryptocurrency ATM sector. The immediate trigger for this filing is the company's struggle with increasing regulatory challenges and compliance costs, which have led to substantial financial losses. This event may signal further instability in the cryptocurrency ATM industry as companies adapt to stringent regulations and seek consolidation.
CLARITY Act advances in Congress with potential impact on cryptocurrency regulation
The CLARITY Act has advanced through the Senate Banking Committee, bringing it closer to potential approval. This progress is driven by the need for regulatory clarity in the cryptocurrency market, particularly for assets like XRP that have faced scrutiny. If passed, the Act could reshape the regulatory landscape for cryptocurrencies in the U.S., influencing institutional adoption and market dynamics.
Standard Chartered to Acquire Zodia Custody's Core Business
Standard Chartered has announced its plan to acquire the core business of Zodia Custody, a digital asset custodian it co-founded. This strategic move is aimed at enhancing its competitive position in the digital asset custody market amidst increasing regulatory scrutiny. The acquisition is likely to set a precedent for further consolidation in the banking sector's approach to digital asset management.
Michael Saylor's Strategy acquires 24,869 Bitcoin for $2.01 billion
Michael Saylor's Strategy has made a significant acquisition of 24,869 Bitcoin, raising their total holdings to 843,738 BTC. This move comes amidst market volatility, with Bitcoin's price recently falling below $77,000, prompting corporate interest in cryptocurrency. The long-term implication suggests a potential shift in market dynamics as corporate investments in Bitcoin continue to rise.
Hyperliquid's HYPE Token Surges 24% Amid Positive Market Developments
Hyperliquid's native token, HYPE, has surged 24% in the last six days, nearing its all-time high. This rally is driven by the launch of a pre-IPO perpetual market for SpaceX and a revenue-sharing deal with USDC that could enhance Hyperliquid's market position. As institutional interest grows, HYPE is likely to continue its upward trajectory in the competitive cryptocurrency landscape.
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Bitcoin's February low of $60,000 may signal the end of the current bear market
K33 Research has identified Bitcoin's recent low of $60,000 as potentially marking the maximum drawdown of the ongoing bear market. This assessment is driven by indicators such as realized cap stabilization and weak leverage, suggesting a unique market structure compared to previous cycles. If the $60,000 level holds, it could indicate a shift in market sentiment and pave the way for a recovery in the cryptocurrency sector.
Qivalis consortium expands to 37 banks ahead of euro stablecoin launch
The Qivalis initiative has expanded its membership to 37 banks in preparation for the launch of a euro-denominated stablecoin planned for the second half of 2026. This expansion is driven by the need to create a competitive alternative to the U.S. dollar's dominance in digital finance. The long-term implication is a potential reshaping of the digital currency landscape in Europe, enhancing the euro's role in tokenized finance.
Truth Social Withdraws Registration for Cryptocurrency ETFs Amid Market Decline
Truth Social has officially requested the SEC to withdraw its registration for a Bitcoin ETF along with plans for Ether and blue chip ETFs. This decision comes as a response to declining demand in the cryptocurrency ETF market and potential regulatory challenges. The long-term implication may involve Truth Social reevaluating its strategy in the digital asset space as market conditions evolve.
Trump Signs Executive Order to Enhance Fintech and Crypto Access to Payment Services
President Donald Trump has signed an executive order directing the Federal Reserve to review policies that could improve fintech and cryptocurrency firms' access to payment accounts. This initiative is occurring now as the administration seeks to support the growth of these sectors amid their increasing significance in the financial landscape. The long-term implication may involve substantial regulatory changes that reshape how fintech and crypto companies operate within the financial system.