Bitcoin Needs a Daily Close Above $64,700 to Seal Its Latest Rebound, Says Trader

Bitcoin (BTC) saw intraday highs after Thursday’s Wall Street open as US stocks rebounded on fresh Iran peace hopes. Key points: Bitcoin joins a risk-asset rebound as US President Donald Trump said that Iran “wants to make a deal” after the ceasefire breakdown. Crypto short liquidations near $100 million over 24 hours. Traders see important…

Swift Launches Blockchain, Announces Tokenized Deposit Pilot with 17 Banks

The world’s largest financial messaging network, Swift, said its blockchain-based ledger is ready for initial use after nine months of development. Seventeen major banks, including HSBC, Citi, BNP Paribas, UBS, ANZ, DBS and Standard Chartered, are preparing to pilot cross-border payments using tokenized bank deposits on the new ledger, Swift announced on Thursday.  The ledger…

Grayscale’s CFO exits after 7 years with crypto asset manager

The leadership change follows another executive departure. Last fall, managing director and head of distribution and partnerships John Hoffman left Grayscale, and just joined tokenized asset platform Ondo Finance last month. The company has also added Chief Marketing Officer Ramona Boston and Head of Index Steve Vanourny over the past few months. The departure comes…

UK Politicians Considering Permanent Crypto Donation Ban Amid Nigel Farage Scandal

Members of the UK’s ruling Labour party are considering a total ban on digital asset donations in response to Nigel Farage’s resignation from Parliament and the potential influence crypto billionaires had on his policies. The Guardian reported Thursday that Labour MPs are looking to overhaul existing rules on donations to political parties and candidates. Specifically,…

Bitcoin Reclaims 63k but Traders Fear Correction Before Deribit Expiry

Bitcoin (BTC) reclaimed the $63,000 mark on Thursday, but traders fear a correction ahead of Friday’s $1.4 billion options expiry on Deribit. The concerns stem from the US government bond yield climbing toward a level that many view as a warning sign. Is the $62,000 support level at risk? Key takeaways: Rising US Treasury yields…

Bigger Blocks or STARK Proofs? Bitcoin’s Quantum Dilemma

ZK STARKs are the best way to deal with the issues created with making Bitcoin quantum-safe — and to reach mass adoption at the same time — says StarkWare co-founder Eli Ben-Sasson. What’s more, he claims Blockstream founder Adam Back agrees. Ben-Sasson has been in the news this week for his controversial suggestion on X…

Revolut Keeps USDT Outside EEA and Switzerland

Revolut, a crypto-friendly digital banking platform, said its Tether USDt (USDT) delisting will not affect all customers globally. The delisting will affect Revolut customers in the European Economic Area (EEA) and Switzerland, while support for the stablecoin will continue in other markets, a spokesperson for the company told Cointelegraph. Revolut said the decision followed a…

Over $7.2 billion have migrated from LayerZero to Chainlink CCIP as Mantle joins exodus

More than $7.2 billion in cross-chain and wrapped assets have migrated from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) since May, with Mantle becoming the latest project to replace LayerZero for high-value token transfers. Mantle said it is migrating its Super Portal, which it co-developed with Bybit, from LayerZero’s Omnichain Fungible Token (OFT) standard to…

Bitcoin ETF ‘Storm Has Passed’ as $2.7B Outflow Streak Ends: Swissblock

Bitcoin (BTC) institutional demand is “not yet strong” despite positive inflows to the US spot Bitcoin exchange-traded funds (ETFs). Key points: Bitcoin ETF flows reverse a ten-day losing streak, but analysis warns that demand remains weak. An “overwhelming” sell-off is nonetheless over, says Swissblock. Overall BTC demand shows a clear gap between spot and derivatives…

Hyperliquid Leads Push for Onchain Perps Beyond Crypto: Pantera

Perpetual futures are on track to become one of the dominant trading instruments in global finance, with decentralized exchange Hyperliquid demonstrating how blockchain-based infrastructure could challenge traditional markets, according to Pantera Capital. The blockchain-focused asset manager said in a Wednesday X post that perpetual futures offer structural advantages over traditional derivatives, including 24/7 trading, no…