Stablecoin Bill Introduced in Delaware Aims to Create Licensing Framework

Two Delaware lawmakers are working to establish stablecoin regulations as part of a broader package of regulatory proposals aimed at “modernizing” the state’s financial sector. In a statement on Monday, the Delaware Senate Democrats announced that Senator Spiros Mantzavinos and Representative Bill Bush had filed the Delaware Banking Modernization Act (Senate Bill 16) and the…

Bitcoin Spot Volumes Drop To 2023 Lows as Rallies Lack Spot Conviction

Bitcoin (BTC) spot volumes on Binance have dropped to their lowest level since September 2023, indicating that the current intraday price rise may not be backed by strong demand. The rally above $71,700 on Monday appears to be driven mainly by news headlines and liquidations in the Bitcoin futures markets. Binance volumes and exchange flows…

Strategy Unveils New $44B Plan to Fund Bitcoin Purchases

Strategy is increasingly turning to perpetual preferred stocks to fund its Bitcoin strategy, with the company adding 90,000 BTC to its balance sheet so far this year. Michael Saylor’s Strategy has announced several capital-raising programs totaling $44.1 billion to fund Bitcoin purchases, including the sale of common shares and two of its dividend-paying equity vehicles….

Senator Warren Questions whether MrBeast will Market Crypto to Kids

Massachusetts Senator Elizabeth Warren has raised concerns about whether YouTuber Jimmy Donaldson, better known as “MrBeast,” intends to market cryptocurrency to teenagers and young adults following his purchase of a mobile banking app. In a Monday letter to Donaldson, Warren questioned whether the online influencer planned to use his company’s acquisition of the mobile banking…

Bitcoin Bulls Fight To Hold $70K, Derivatives Data Signals Weakness

Key takeaways: Bearish Bitcoin futures premiums and low call option odds suggest traders remain skeptical despite BTC’s brief 4% relief rally. High oil prices and cautious Fed policy continue to pressure risk assets, while Bitcoin derivatives metrics signal a lack of conviction. Bitcoin (BTC) surged 4% within minutes of US President Donald Trump announcing his…

Bitcoin Spot Volumes Drop To 2023 Lows as Rallies Lack Spot Conviction

Bitcoin (BTC) spot volumes on Binance have dropped to their lowest level since September 2023, indicating that the current intraday price rise may not be backed by strong demand. The rally above $71,700 on Monday appears to be driven mainly by news headlines and liquidations in the Bitcoin futures markets. Binance volumes and exchange flows…

BTC posts modest Monday gain, remains tied to Middle East developments

Bitcoin BTC$70,888.62 held onto gains Monday after an early surge above $70,000, but the rebound’s fate now hinges on what’s next between the U.S. and Iran. The move followed U.S. President Donald Trump’s announcement of a five-day pause on strikes against Iranian energy infrastructure, citing “productive” diplomatic talks. Iranian officials denied the existence of talks,…

Senators to Introduce Bill to Ban Sports Betting on Prediction Markets

US Senators Adam Schiff and John Curtis are expected to introduce a bipartisan bill on Monday that would bar sports betting and “casino-style” contracts from prediction markets regulated by the Commodity Futures Trading Commission (CFTC), according to a Monday Wall Street Journal report. “Too many young people in Utah are getting exposed to addictive sports…

Bitcoin Rebounds $4K in 60 Minutes as Trump Pauses Planned Iran Strikes

Bitcoin moved back above $71,000 after US President Donald Trump postponed Iran strike for five days, sending oil price crashing below $100. Bitcoin (BTC) broke back toward $71,000 during Monday’s European trading session as US President Donald Trump said attacks on Iran’s power infrastructure would be postponed.  Key takeaways: Bitcoin bounces 5% to $71,000 after…

Crypto ETP Inflows Slow to $230 Million After Fed Meeting

Crypto investment products maintained their inflow streak last week but momentum slowed amid ongoing Middle East tensions and a “hawkish pause” interpretation of the US Fed’s meeting. Crypto exchange-traded products (ETPs) recorded $230 million in inflows last week, with $405 million in outflows following the Federal Open Market Committee (FOMC) meeting in the US, CoinShares…