Bitcoin Stalls Near $84,000 Amid Bitget Hack and Surging Treasury Yields
Bitcoin's price was little changed as investors assessed the fallout from a $352 million hack at the Bitget exchange and growing concerns over hawkish Federal Reserve policy.
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Crypto
The latest crypto coverage from the TrustFinance editorial desk.
Latest in Crypto
Bitcoin Dips Below $85,000 as 10-Year Treasury Yield Surpasses 5% on Hot Economic Data
The cryptocurrency plunged amid a broad market sell-off after stronger-than-expected U.S. business activity data sent Treasury yields to their highest levels since 2007, triggering over $500 million in liquidations.
Bitcoin Slides Below $84,000 as Soaring Treasury Yields and Oil Prices Hit Risk Assets
Bitcoin and the broader cryptocurrency market fell sharply on Thursday as a spike in U.S. Treasury yields to a 19-year high and a rebound in oil prices soured investor sentiment.
BitGo Exec: Asset Servicing, Not Custody, Is Key Hurdle for Tokenized Securities
The primary obstacle to scaling tokenized securities for institutional use is not the custody of the digital token, but the complex challenge of servicing the underlying asset's rights and obligations on-chain, according to a BitGo executive.
Moomoo Reports 50% Surge in Crypto Users as Retail Demand Broadens
The retail brokerage has seen a significant increase in its cryptocurrency client base, driven by both new users and existing equity traders diversifying into digital assets, according to a company executive.
Litecoin Surges Over 10%, Bucking Trend as Bitcoin and Ethereum Dip
Litecoin (LTC) posted a double-digit gain on Thursday, its largest single-day increase of the session, pushing its market cap over $5.3 billion even as the broader cryptocurrency market saw minor pullbacks.
Federal Reserve Proposes Sweeping Regulatory Framework for Stablecoin Issuers
The U.S. central bank has released two proposals aimed at integrating stablecoins into the banking system, mandating full backing by high-quality assets and setting capital requirements.
Federal Reserve Proposes Regulatory Framework for Stablecoin Issuers
The U.S. Federal Reserve has unveiled a set of proposed rules for stablecoin issuers, aiming to establish capital requirements, asset-backing standards, and a formal application process for banks entering the digital asset space.
Moomoo Reports 50% Rise in Crypto Buyers as Retail Interest Expands
The retail brokerage, part of Futu Holdings, has seen a significant increase in cryptocurrency buyers, driven by both new users and existing stock traders diversifying their portfolios, a company executive said.