Crypto vulnerable if CFTC not given authority, says ex-chair Behnam

Former Commodity Futures Trading Commission Chair Rostin Behnam has said the crypto market will remain unregulated unless the agency he led is given greater authority. In a May 28 Bloomberg TV interview, Behnam sided with the crypto industry on its long-standing argument that cryptocurrencies are commodities. “If you look at existing law, the few largest … Read more

Crypto mining stocks plunge as Fed warns of ‘difficult tradeoffs’

US crypto mining stocks tumbled at the close of May 28 trading after minutes published by the Federal Reserve signaled its growing uncertainty about the country’s economic outlook. The crypto market remained unscathed, despite the stock drops among crypto miners. Uncertainty about the economic outlook looms The minutes of the Federal Open Market Committee’s meeting … Read more

Binance Issues Real-World Threat Alert With Urgent Advice for Crypto Holders

As physical threats escalate alongside bitcoin’s bull run, Binance is sounding the alarm with a high-impact, five-pronged defense plan to protect crypto holders worldwide. Binance Reveals 5-Step Action Plan as Crypto-Related Attacks Spike Crypto exchange Binance issued a safety advisory on May 27, warning the crypto community about a growing threat that extends beyond the … Read more

BlackRock eyes 10% stake in Circle IPO: report

BlackRock Inc. is planning to acquire roughly 10% of the shares in Circle Internet Group Inc.’s upcoming initial public offering, according to Bloomberg reporting.  The IPO by the USDC (USDC) stablecoin issuer is expected to raise as much as $624 million, according to a filing with the US Securities and Exchange Commission. Circle’s co-founder and … Read more

Japanese Yen dives to nearly two-week low against USD on tariff news

The Japanese Yen weakens across the board as the tariff-block news undermines safe-haven assets. The USD benefits from Wednesday’s hawkish FOMC Minutes and further supports the USD/JPY pair. The divergent BoJ-Fed policy expectations might keep a lid on any further gains for the currency pair. The Japanese Yen (JPY) attracts heavy selling during the Asian … Read more