Bitgo Slashes 15% of Workforce to Pivot Toward AI-Powered Crypto Infrastructure
Mike Belshe, CEO of the company, stressed that these changes resulted from a pivot to security, trading, stablecoins, and AI-powered infrastructure. The move would affect nearly 90 employees, reducing Bitgo’s total headcount to nearly 520. Crypto Custody Company Bitgo Announces Layoffs Bitgo, a company that offers staking, trading, OTC services, financing, settlement, and provides custody … Read more
Crypto Biz: The cost of stacking sats
CryptoQuant urged Strategy to pause Bitcoin buying as dividend coverage shrank. Meanwhile, CBOE eyes crypto perpetual futures and Chainlink joins a stablecoin FX project. Go to Source
US senators push to end CFTC ‘assault’ on state oversight of prediction markets
A group of 17 Democratic senators went after the CFTC’s funding for lawsuits over prediction markets, calling it an “assault” on state authorities. Go to Source
Bitcoin makes first sub-$60K close since Q3 2024 as tech stocks enter ‘deep bear market’
Bitcoin risked turning $60,000 into resistance as BTC price weakness persisted following another tech-driven sell-off in Asian stock markets. Go to Source
Bitcoin ETFs Lose $696 Million as Blackrock and Fidelity Lead Broad Crypto Selloff
Crypto ETF flows deteriorated sharply on Thursday, June 25, as bitcoin ETFs posted a sixth straight day of outflows, with redemptions reaching $696 million. Ether funds also saw heavy exits, while HYPE and solana ETFs joined the selloff. HYPE ETFs Turn Negative After Weeks of Inflows as Crypto Selloff Widens The pressure that had been … Read more
CLARITY Act Needs 60 Votes and 7 Democrats as GOP Races the August Recess Clock
Republican lawmakers are feeling a renewed sense of urgency to pass the Digital Asset Market Clarity (CLARITY) Act before the U.S. Senate breaks for its August recess. The market-structure bill still needs at least seven Democratic votes to clear a 60-vote threshold. Pressure Builds as the Legislative Window Narrows The push was reported by Eleanor … Read more
Tether’s USDT Flips Ether in Market Cap as Stablecoin Climbs to $186 Billion
Tether’s USDT stablecoin briefly overtook ether to become the second-largest cryptocurrency by market capitalization, reaching about $186.06 billion against ether’s $185.66 billion. Stablecoin issuance and a slumping ether seem to be the primary drivers behind this otherwise rare flip. Issuance Up, Ether Price Down The crossover put USDT ahead of ether ( ETH), the native … Read more
Hyperliquid added to Singapore’s Investor Alert List
Singapore’s financial regulator added Hyperliquid to its Investor Alert List, as a reminder that the decentralized exchange was not licensed in the region. Go to Source
Ripple Sees XRP Sink to $1.01 as 43% YTD Slide Fuels Fresh Bearish Price Targets
XRP has collapsed more than 20% in June and 43% year-to-date, putting it on track for its second straight monthly loss. The Institutional Disconnect On June 25, XRP plunged to a yearly low of $1.01 amid a broader cryptocurrency market sell-off that dragged bitcoin down to $58,000. While XRP pared minor losses to trade around … Read more