Crypto
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Bitcoin drives back toward $80k—but one billionaire may be fueling much of the rally
Bitcoin’s price has climbed roughly 15% over the past month, and crossed above $79,000 over the weekend. The oldest cryptocurrency is now sitting at around $77,000, which is the highest the token has traded since an early February sell-off, but it’s unclear how durable this latest rally will prove to be. Markets more broadly have…
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Trump’s team is hosting another memecoin conference. The price to attend has dropped dramatically
The team behind Donald Trump’s memecoin, in what is becoming a common ritual, is holding a soirée for the coin’s top holders. Even though the novelty of these gatherings may have worn off, the second Trump coin conference may appeal to those looking for a bargain. Tickets to the conference and luncheon, scheduled for Saturday,…
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Investors are valuing Polymarket at a discount to archrival Kalshi—and its crypto ties could be one reason why
The prediction market space is one of the fastest-growing in finance. Two years ago, Polymarket reportedly raised funds at a $350 million valuation. Today, the platform is in talks to raise funds at a valuation of $15 billion, The Information reported. But the windfall may be made a little less sweet by the success of…
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Stripe and Paradigm-backed blockchain Tempo launches advisory unit to promote stablecoin adoption
Tempo, the new blockchain backed by payments company Stripe and VC firm Paradigm, has launched a “stablecoin advisory” to help businesses and financial institutions adopt stablecoins. The advisory operation pledges Tempo support in identifying relevant use cases and offers “forward-deployed” engineers who can work within clients to successfully integrate stablecoins. Tempo has been closely watched…
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Tether extends $127.5 million in funding to crypto platform Drift as critics blast rival Circle for failing to freeze hacked funds
Tether has used its hundreds of billions in assets to become many things, including social media investors, data center lenders, and one of the largest holders of U.S. T-bills. But this week, Tether became something else: A crypto startup’s lender of last resort. The stablecoin giant put up $127.5 million in funding—some in loans, some…
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Exclusive: Senator presses DOJ and Treasury over status of Binance monitors after $1.7 billion in Iran-linked crypto flows
Congress continues to probe Iran’s use of Binance. Sen. Richard Blumenthal (D-Conn.) sent out letters on Friday asking for details on the status of two monitors assigned to oversee the world’s largest crypto exchange and its compliance operations. “I am writing with concern over mounting allegations of dangerously lax anti-money laundering prevention by Binance,” said…
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Meet Joe McCann: the high-flying crypto trader held in Tanzania after sudden death of his influencer fiancée Ashly Robinson
Joe McCann got into crypto trading and, within two years, he seemed to have it made. McCann’s fund Asymmetric raised money in 2022 from the likes of Marc Andreessen and Circle and, during the crypto boom period that marked Donald Trump’s return to the White House, the fund nearly doubled in value. But then things…
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Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs “Boomer Candy”
Goldman Sachs has long been content to watch the crypto craze from the sidelines but, in a surprise move, the big bank on Tuesday revealed plans for its own product in the form of a “Bitcoin Premium Income ETF.” The new Goldman fund, which was described in a regulatory filing, is structured a little differently…
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Exclusive: Paxos Labs raises $12 million after startup spins off from veteran stablecoin issuer
Paxos, the stablecoin and blockchain infrastructure firm, has long worked with major companies like PayPal and Nubank. More recently, Paxos created a spinoff operation known as Paxos Labs that focuses on the specialized world of DeFi (decentralized finance) and helps companies offer their retail customers access to stablecoins and crypto lending protocols. On Tuesday, Paxos…
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Bitcoin, Ethereum approach two-month highs as markets grow optimistic over U.S.-Iran peace negotiations
Crypto markets are betting that the U.S. and Iran war may be progressing towards peace. Bitcoin rose 5% over the past 24 hours to around $75,000 early Tuesday afternoon, nearing its highest mark since early February, according to data from Binance. The world’s second largest cryptocurrency, Ethereum, notched an even bigger day-over-day jump, rising 7%…