Wall Street’s rare-metal rumour mill began on a freezing January morning at Zurich Airport, where cargo handlers wrestled two-ton pallets of 99.5% pure gold onto a chartered 747 bound for New York. Their destination was a COMEX vault in the city, where warehouse rules hinge not on purity but bar dimensions. The gold came from […]
The post How a futures trade literally melted $29B in gold bullion and crashed the Atlanta Fed’s model appeared first on CryptoSlate.
A US federal court has delivered a sweeping rebuke to President Donald Trump’s signature trade policy, ruling that his administration’s imposition of tariffs under the guise of a national emergency exceeded constitutional authority. The landmark decision from the US Court of International Trade immediately throws Trump’s tariff regime into legal limbo and global trade negotiations […]
The post Bitcoin trails stock gains as court blocks Trump tariffs for presidential overreach appeared first on CryptoSlate.
The International Monetary Fund (IMF) has again called on El Salvador to keep its Bitcoin holdings unchanged. In a statement released on May 27, the IMF said government-owned wallets must not increase their BTC reserves and also urged the country to fully exit its role in the Chivo wallet by the end of July. According […]
The post El Salvador continues to resists IMF pressure to halt Bitcoin accumulation appeared first on CryptoSlate.
Despite BTC trading at all-time highs as of the time of writing, open interest (OI) paints a more nuanced picture.
Texas legislators have moved closer to formalizing a Bitcoin reserve for the state. On May 27, a joint Conference Committee composed of House and Senate lawmakers reached an agreement on the final version of Senate Bill 21 (SB 21), dubbed the Texas Strategic Bitcoin Reserve Act. According to the committee, one of the most significant […]
The post Texas lawmakers finalize details on Bitcoin reserve, removes staking ahead of final vote appeared first on CryptoSlate.
Bitcoin and other equities slid Friday as Trump renewed trade tensions with the EU and threatened Apple for offshore product assembly.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The previous all-time high for Bitcoin was around $109,350, set back in January as President Donald Trump assumed office.
Texas is advancing plans to create a government-backed Bitcoin reserve after lawmakers approved Senate Bill 21 (SB 21) in its second House reading on May 20. According to voting records on the Texas Senate website, the proposal passed with a commanding 105 to 23 vote, reflecting rare bipartisan support. It now heads to a third […]
The post World’s 8th largest economy close to adopting Bitcoin reserve as Texas heads to final vote appeared first on CryptoSlate.
Sovereign wealth funds and state institutions are increasingly opting to gain Bitcoin (BTC) exposure through Strategy (MSTR) rather than spot BTC exchange-traded funds (ETFs), according to Standard Chartered’s head of digital assets research, Geoffrey Kendrick. In an investor report published May 20, Kendrick said that regulatory filings show that increased MSTR holdings drove the bulk […]
The post Sovereign entities opt for indirect Bitcoin exposure via Strategy to bypass constraints – StanChart appeared first on CryptoSlate.
Digital asset investment products attracted $785 million in inflows last week, bringing the year-to-date (YTD) total to $7.5 billion, according to CoinShares‘ latest report. This figure marks a new record, surpassing the previous high of $7.2 billion recorded in early February. James Butterfill, CoinShares’ head of research, also noted that the milestone signals a full recovery from […]
The post Crypto ETF inflows hit $7.5 billion as Bitcoin fatigues while Ethereum accelerates appeared first on CryptoSlate.
Moody’s downgraded the United States’ long-term credit rating from Aaa to Aa1 on May 16, marking the first time in history the agency has stripped the US of its top-tier status. The agency pointed to a decade of rising debt levels, escalating interest burdens, and a consistent failure by policymakers to enact meaningful deficit controls. […]
The post Moody’s historic downgrade of US credit system could add fuel to Bitcoin safe-haven status appeared first on CryptoSlate.
On May 12, Arizona Governor Katie Hobbs rejected three crypto-friendly bills, Senate Bills 1373, 1024, and 1095. The bills aimed to expand the government’s role in digital asset adoption while opposing central bank digital currencies (CBDCs). At the same time, the governor signed a new law, House Bill 2387, that introduces tighter rules for crypto […]
The post Arizona says NO to CBDC ban and crypto payments in sweeping veto appeared first on CryptoSlate.
Bitcoin fell about 2 % to roughly $102,400 Tuesday, erasing most of Monday’s late surge and dragging the broader crypto market lower. According to CryptoSlate data, Ethereum also declined 3.8% to near $2,450 while Solana slipped 3.6% to $171. Why is Bitcoin falling again? The moves arrived hours before the U.S. Bureau of Labor Statistics publishes […]
The post XRP up 3%, Bitcoin down, as crypto market falls ahead of new US inflation data today appeared first on CryptoSlate.
Bitcoin opened the week with a strong hourly move, climbing 1.7% to reach $105,705 in early Monday trading. The surge brought the asset to its highest level since January’s all-time high of $109,356, adding fresh momentum following a month of sideways movement. The one-hour candle, printed between 07:00 and 08:00 UTC, carried Bitcoin from approximately […]
The post China confirms US tariff suspension, Bitcoin nears ATH with huge green candle to $105k appeared first on CryptoSlate.
Experts say Bitcoin and Ethereum look increasingly attractive as macro tensions subside and volatility returns.
According to a Reuters market wrap, world stocks ended the week little‑changed as investors weighed a fresh U.S.–U.K. tariff deal and this weekend’s high‑stakes meeting between Washington and Beijing trade officials. Stocks tread water on tariff suspense MSCI’s all‑country equity index inched up just 0.11% to 846.80, trimming a 0.3% weekly loss. Europe’s STOXX 600 added 0.44%, while […]
The post Global markets steady as US-China trade talks loom, Bitcoin hits $103k appeared first on CryptoSlate.
Ark Invest CEO Cathie Wood said the US economy is transitioning out of a prolonged “rolling recession” and entering a new era of productivity-led growth, powered by advances in AI, digital assets, and automation. After nearly three years of sector-specific slowdowns triggered by tighter monetary policy, Wood now sees signs of economic stabilization and renewed […]
The post Cathie Wood predicts AI and Bitcoin to drive new phase of US economic growth appeared first on CryptoSlate.
Bitcoin crossed the $100,000 mark this week, climbing to a peak of $104,000 on May 8, as a chart tracking the global M2 money supply, lagged by 90 days, resurfaced on social media. The correlation between Bitcoin’s breakout and a revived upswing in the M2 liquidity curve gained renewed traction across trading forums and analyst […]
The post Bitcoin’s surge above $100k still aligns with global M2 money supply increase from 90 days ago appeared first on CryptoSlate.
The rally followed a U.K. trade deal announcement and record ETF inflows exceeding $40 billion.
Bitcoin (BTC) reclaimed the $100,000 mark for the first time in over two months, driven by bullish market sentiment, rising institutional adoption, and renewed macroeconomic confidence after President Donald Trump announced a major trade deal with the UK on May 8. Bitcoin hit an intraday high of $101,493, extending a broader rally that has gained […]
The post Bitcoin hits $101k to reclaim six-figures as Trump confirms US, UK trade deal appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
As expected, the U.S. Federal Reserve left interest rates unchanged at a range between 4.25% and 4.50%.
Analysts said volatility could resurface this week after this week's decision on funding rates, which markets expect will stay the same.
Bitcoin markets are bracing for potential turbulence as the Federal Open Market Committee prepares to conclude its May 6-7 meeting. While the federal funds rate is widely expected to remain unchanged at 4.33% (target 4.25%−4.50%), attention will turn to the tone and nuance of Chair Jerome Powell’s subsequent press conference at 2 P.M. EST, which may […]
The post Bitcoin at volatile crossroads before crucial Fed guidance expected later today appeared first on CryptoSlate.
BlackRock’s iShares Bitcoin Trust (IBIT) has attracted more capital this year than the largest gold-backed ETF. On May 6, Bloomberg Senior ETF analyst Eric Balchunas reported that IBIT ranked as the US’ sixth-highest fund by year-to-date inflows. According to the data, IBIT has pulled in over $6.9 billion since January, outperforming the SPDR Gold Shares […]
The post BlackRock’s Bitcoin Trust surpasses gold-backed ETF inflows despite the precious metal’s historic rally appeared first on CryptoSlate.
Crypto venture funding reached $4.9 billion in the first quarter of 2025, marking a strong comeback for the industry, according to a May 1 report by Galaxy. The total capital raised was 40% higher than the previous quarter and came from 446 deals, which also reflected a 7% growth during the period. This makes the […]
The post Crypto funding hits $4.9B in Q1 2025 with US firms leading the charge appeared first on CryptoSlate.
Experts said all eyes are on the Federal Reserve and Fed chairman Jerome Powell at May's policy meeting after contradictory U.S. economic reports on Wednesday.
At 08:30 ET today, the Bureau of Economic Analysis is set to release its advance estimate for US Q1 GDP, with consensus expectations at a 0.3% seasonally adjusted annual rate. If confirmed, this would mark the weakest quarterly print since early 2022 and contrast starkly with the inflow of over $3 billion into spot Bitcoin […]
The post Bitcoin expected to beat stalling US GDP growth trend as Q1 data is released later today appeared first on CryptoSlate.
The Dallas Fed Manufacturing Index plunged to its lowest level since the COVID pandemic closed the economy.