Abra CEO Bill Barhydt sees tokenization overtaking bitcoin price as crypto’s main story

Bill Barhydt built Abra around a simple idea: Crypto should function like a bank. In 2018, Abra became one of the first companies to offer what Barhydt describes as a full crypto banking service, allowing customers to trade, earn, borrow and make payments from a single platform. Eight years later, as the company prepares to…

Bitcoin 2026 Bear Market Needs Months to Spark Capitulation Bottom

Bitcoin (BTC) threatens to “purge further” as realized losses in the 2026 bear market fail to beat records. Key points: Bitcoin realized losses have not yet surpassed the 2022 total despite market cap being higher. History suggests that a fresh round of capitulation should occur before a bear-market bottom appears. Retail investor conviction is still…

Crypto PACs Gear up for Maryland Races with $3M Media Buys as California Primaries Kick Off

While residents of California, Iowa, Montana, New Jersey, New Mexico and South Dakota are voting today in Democratic and Republican Congressional primaries, the cryptocurrency industry is more focused on the Maryland primaries later this month. According to filings with the US Federal Election Commission (FEC) as of Tuesday, the Coinbase- and Ripple-backed political action committee…

Bitcoin ETF Sell-Off Hits 13 Days With $4.4B Outflows

US-listed spot Bitcoin exchange-traded funds (ETFs) extended their sell-off Wednesday to a record 13 consecutive trading days as Bitcoin demand continued to weaken. Spot Bitcoin ETFs posted $396.6 million in net outflows on Wednesday, bringing cumulative withdrawals to roughly $4.4 billion since the streak began, according to data from SoSoValue. The current run exceeds the…

Meta is paying creators in Stablecoins. Spending them is someone else’s problem

In March, when Meta announced plans to begin paying creators in USDC across Colombia and the Philippines, with expansion to more than 160 countries expected by the end of the year, the move was widely interpreted as another milestone for stablecoins entering the financial mainstream. A company responsible for nearly $3 billion in annual creator…

US Lawmakers Push Back on Labor Dept’s Plans to Include Crypto in 401(k)s

[Correction: In the second paragraph, the letter from lawmakers was dated Monday, June 1.] Top Democrats on three House and Senate committees called on the US Labor Department to halt its plans to allow digital assets and “alternative assets” to be held in Americans’ retirement plans.  In a Monday letter, Senator Bernie Sanders, Senator Elizabeth…

Saylor Says Bitcoin Slide Is Capital Rotation as Strategy Loss Grows

Strategy’s Bitcoin holdings fell deep into paper-loss territory as BTC traded below the company’s average purchase price, renewing scrutiny of Michael Saylor’s Bitcoin treasury model. Strategy holds 843,706 Bitcoin (BTC) acquired at an average price of $75,699 per coin, with a total cost basis of $63.8 billion. However, the latest Bitcoin downturn sank the value…

FCA Warns Premier League Clubs Over Risky Crypto Sponsorships

Update (June 3, 1 pm, UTC): This article has been updated to include a comment from a spokesperson at BingX. The United Kingdom’s financial regulator has warned football clubs, including those in the Premier League, to avoid sponsorship deals with unauthorized financial companies amid concerns that fans are being pushed toward risky crypto and trading…

Crypto’s brutal week: Bitcoin (BTC), Ether (ETH) suffer worst weekly drop since FTX crash

Crypto investors endured one of their toughest week in years as a wave of selling wiped out hundreds of billions of dollars from digital asset markets. Bitcoin BTC$61,267.78 fell 17.3% this week while ether (ETH) dropped 22%, putting both assets on track for their largest weekly declines since November 2022, when the collapse of Sam…

Bitcoin Now Most Oversold Since 2020 Crash: Can BTC Recover to $70K Next?

Bitcoin (BTC) is now flashing its most oversold signal since the COVID-19 crash, raising the odds of a relief rebound toward $70,000 in the coming weeks. Key takeaways: Bitcoin’s daily RSI has dropped to around 15.5, its most oversold reading since the March 2020 COVID crash. Similar oversold RSI readings in 2020 and February 2026…