Mike Novogratz's Galaxy Digital has apparently swapped $100 million worth of ether (ETH) for solana's SOL. According to Wu Blockchain, on-chain data suggests that Galaxy has swapped out a considerable amount of its ETH holdings for SOL. Over the last two weeks, Galaxy has transferred 65,600 ETH – or about $105 million – to Binance and has withdrawn 752,240 SOL (approximately $98.37 million). Galaxy may have made the move because ETH continues to be in "structural decline" according to a recent note from Standard Chartered, which slashed its year-end target...

Bitcoin is the crypto sector's top asset and is also universally defined by U.S. regulators and courts as a commodity, putting it under the jurisdiction of the Commodity Futures Trading Commission. That agency is now seeking public comments on whether it should open the wider world of derivatives to around-the-clock trading, as already executed for bitcoin and other digital assets. Though the CFTC is expected to be established as a crypto market regulator in Congress' ongoing effort to establish industry rules, the agency's invitation for comments issued on Monday doesn't...

The AI revolution in trading should be a game-changer, but instead, it’s become a quick money grab. Everywhere you turn, yet another ChatGPT wrapper is being marketed as the next big thing for crypto traders. The promises? “AI-powered insights,” “next-gen trading signals,” “perfect agentic trading.” The reality? Overhyped, overpriced, and underperforming vaporware that doesn't scratch the surface of what’s truly needed. Saad Naja is a speaker at the AI Summit during Consensus 2025, Toronto, May 14-16. AI should be designed to augment the trader experience, not sideline it.

With most global markets still closed for Easter holiday, US equity futures start the week sharply lower while the dollar and Treasuries plunge (10s and 30s are 8bp and 10bps higher as the yield curve twists steeper) as traders reacted to the possibility that Trump will try to remove Powell. As of 8:00am ET, S&P futures are down 1.3% and Nasdaq futures slide 1.5% with Mag7 names under pressure with INTC/NFLX among the bright spots in TMT. European stock markets were largely still shut for a public holiday. The dollar...

Strategy (MSTR) has added 6,556 bitcoin (BTC) to its balance sheet, spending $555.8 million in the process, according to a regulatory filing published on Monday. The purchase was funded using proceeds from the company's two at-the-market (ATM) stock offering programs, the filings notes. The firm, the largest corporate holder of bitcoin, sold 1.76 million shares of its Class A common stock and over 91,000 shares of a preferred stock series — STRK - between April 14 and April 20. The common stock sale brought in $547.7 million, while the preferred...

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin's censorship-resistant, decentralized setup empowers individuals by facilitating peer-to-peer transactions without government interference or corporate control. You’ve probably heard that from a Bitcoin maxi many times. It's an idea that resonates even more strongly today in light of reports that President Donald Trump is exploring ways to remove Jerome Powell, the chair of the Federal Reserve, which is the world's most powerful central bank.

Circle, the firm behind the $60 billion USDC stablecoin, is launching a new payments and cross border remittance network on Tuesday — the company’s “next product move” — from its plush New York City headquarters, high on the 87th Floor of One World Trade Center. The launch event is aimed at banks, fintechs, payment service providers, remittance providers and USDC strategic partners. It will feature Circle CEO Jeremy Allaire sharing his vision for the stablecoin giant’s next move within the payments space, according to an invite seen by CoinDesk. New...

Surging gold prices and bitcoin’s (BTC) relatively strong price action amid a global market sell-off have some traders revisiting the latter’s role as “digital gold” — a big narrative in bitcoin’s early years but one that has lost steam in recent times. BTC zoomed above $87,000 in Asian morning hours, with Cardano’s ADA, BNB Chain’s BNB, XRP and ether (ETH) adding as much as 1.5%. The spike reversed all declines since Thursday, with tokens such as Solana’s SOL up 5.2% in the past week. The tariff-driven trade wars have sparked...

Publicly-listed Metaplanet announced fresh bitcoin (BTC) purchases on Monday as BTC went above $87,300, reversing last week’s loses. Metaplanet picked up 330 BTC bring its overall holdings to 4,855 BTC, worth over $420 million, based on current prices. This is the Japanese firm's third bitcoin purchase this month, even as broader markets reel from tariff concerns amid a general lack of optimism. Earlier this month, Metaplanet became the tenth-largest public holder of BTC.

Cryptocurrency exchange Bybit's CEO Ben Zhou said that 27.95% of the funds lost in the $1.4 billion exploit engineered by the North Korean Lazarus Group have gone dark or become untraceable. "Total hacked funds of USD 1.4bn around 500k ETH. 68.57% remain traceable, 27.59% have gone dark, 3.84% have been frozen. The untraceable funds primarily flowed into mixers then through bridges to P2P and OTC platforms," Zhou said in an executive summary published on X on Monday. The untraceable funds were moved into mixers before being transferred through bridges to...