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Already on a tear ahead of the war in Iran, Circle (CRCL) might be an unlikely beneficiary of the conflict.The stock rose 10% on Monday, outperforming other crypto-linked equities, with the shares now up by 86% over the past month, though they remain sharply lower since their peak post-IPO frenzy last summer.Japanese bank Mizuho said part of the Circle rally reflects the jump in oil prices following the escalation in Middle East tensions. Higher crude prices could reignite inflationary pressures, potentially reducing expectations for Federal Reserve rate cuts.Other things being equal, stablecoin issuers are thought to benefit from higher interest…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure X Money, a payments platform developed by SpaceX CEO and Dogecoin (DOGE) enthusiast, Elon Musk, has officially launched its beta version with impressive financial perks. However, despite years of speculation and expectations that the tech billionaire would finally integrate Dogecoin into a mainstream financial product, the popular dog-themed meme coin remains absent from X Money. The omission raises questions about Musk’s genuine crypto integration strategy for the new payment platform. Musk Launches X Money In Beta With Perks Musk’s newly launched X Money platform has launched in…
A wild 24 hours continued in all markets after President Trump said the war against Iran could be over soon.The action against Iran is “very far ahead” of what was expected to be a four-to-five-week time frame, said Trump in late-afternoon comments. He is expected to give updates on the situation at 5:30 pm ET.Already in the midst of a sharp reversal higher after plunging Sunday evening as oil soared as much as 30%, crypto and equity markets added to gains following the comments.Just ahead of the close, the Nasdaq was ahead 1.25% and S&P 500 0.8%. Bitcoin BTC$69,001.83 at…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin continues to trade below the $70,000 level as global markets face renewed stress stemming from escalating geopolitical tensions in the Middle East. The cryptocurrency briefly attempted to stabilize after recent volatility, but uncertainty surrounding the ongoing conflict has kept risk sentiment fragile across financial markets. Investors are closely monitoring developments in the region as the situation around the Strait of Hormuz intensifies, raising concerns about disruptions to global energy supply and broader macroeconomic instability. According to analysis shared by CryptoQuant analyst Darkfost, the geopolitical shock has…
Aon (AON), which advises on $5 trillion in assets as one of the world’s largest insurance brokers, said it carried out a proof-of-concept using stablecoins to settle insurance premium payments, an early sign that dollar-pegged tokens may start moving deeper into corporate finance.The London-based company worked with crypto exchange Coinbase (COIN) and blockchain infrastructure firm Paxos to complete the transactions using Circle Internet’s (CRCL) USDC token on Ethereum and PYUSD$0.9999 on Solana, according to a press release Monday.Aon said the initiative marked the first known example of a major global insurance broker accepting stablecoins for premium settlement, even if only…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The traditional banking sector in the United States is reportedly intensifying its opposition to crypto firms and considering a potential lawsuit against the Office of the Comptroller of the Currency (OCC) over federal licenses granted to these companies. According to a Monday report by The Guardian, the Bank Policy Institute (BPI) is evaluating its legal options after the OCC did not respond favorably to repeated warnings from influential banking groups and state regulators concerning its reinterpretation of federal licensing rules. Banks Demand Action Against OCC’s Crypto Licenses…
Zcash Open Development Lab (ZODL), a new development group formed by the former core team of the Electric Coin Company (ECC), has raised more than $25 million in seed funding to continue building the privacy-focused cryptocurrency ecosystem.The round drew support from Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Chapter One, Balaji Srinivasan and several angel investors in crypto and technology.ZODL was founded by former ECC CEO Josh Swihart. The lab emerged after the entire ECC engineering and product team resigned in January following a governance dispute with Bootstrap, the nonprofit board that oversees ECC. The group said the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Over the weekend, the cryptocurrency market saw heightened bearishness, with Bitcoin’s price pulling back sharply and dropping below $70,000. With the BTC price shifting toward a downward trend, the percentage of supply held at a loss has surged, reaching a crucial level. Growing Share Of Bitcoin Holders Face Losses After the sudden weekend pullback, Bitcoin market dynamics are experiencing a shift that might shape its direction in the coming days or weeks. As its current decline intensifies, BTC is still under pressure to decline, driving an increasing…
Bitcoin BTC$68,153.83 may gain if a potential U.S.-Iran conflict stretches on for months as higher government spending, rising debt and lower interest rates create conditions that have historically supported the cryptocurrency, according to macrostrategist Mark Connors.Wars are expensive, and financing them typically requires governments to issue more debt, said Connors, formerly the head of research at 3iQ and global head of portfolio and risk advisory at Credit Suisse. That increases the supply of dollars in the financial system, lowering — or debasing — the value of the existing circulation, and tending to benefit non-dollar assets like bitcoin.“Liquidity drives bitcoin,” said…
A crypto market analyst has outlined what he describes as a straightforward mathematical method that helped identify the bottom of Bitcoin’s previous bear market. By focusing on long-term Fibonacci levels and quarterly price behavior, the analyst argues that the same structural logic that marked the 2022 bottom is now shaping Bitcoin’s next macro phase. Simple Math That Identified The Bitcoin Price Bear Market Bottom In an X post shared on March 8, crypto analyst Chetan Gurjar revisited a prediction he made in December 2022 regarding Bitcoin’s bear market low. While he acknowledged that the timing of the call was slightly…