Author: James Wilson
Ethereum dropped another 10.2% this week, with the ETH/BTC ratio sinking toward 0.0275, and market maker Wintermute is now flatly calling ETH “not the right asset for this macro” as yields and inflation grind higher. Summary Wintermute says ETH is “not the right asset for this macro” as real yields rise and inflation re-accelerates. ETH has slid 10.2% this week, with the ETH/BTC pair pressing 0.0275 amid underperformance in both spot and derivatives. The firm also warns that being outright long BTC here is a bet that institutions will ignore rising Treasury yields and come back in size. According to…
Polymarket has struck a deal with Nasdaq’s private-markets arm to launch prediction markets tied to private-company valuations, IPO timing and secondary trading, opening a new way for retail and institutions to bet on and benchmark unicorns before they list. Summary Polymarket launches first prediction markets tied to private-company events with Nasdaq data Users can trade on valuation milestones, IPO timing and secondary-market activity Move deepens trend of prediction markets moving from crypto niche into mainstream finance According to Reuters, New York-based Polymarket has partnered with Nasdaq Private Market to debut the “first prediction markets tied to private company performance and milestones.”…
Ethereum price remained under pressure on Monday as ETF outflows and weakening technical indicators pushed traders to closely watch the key $2,000 support zone. Summary Ethereum ETFs recorded more than $340 million in cumulative outflows over six trading sessions as ETH struggled to reclaim $2,150. Bitmine Immersion purchased roughly 71,672 ETH worth $154 million last week, raising its holdings to 5.28 million ETH. CoinGlass liquidation data showed dense leverage clusters near the $2,150 resistance area and the lower $2,000 support zone. According to data from crypto.news, Ethereum (ETH) traded around $2,112 at press time on May 19 after failing to…
Crypto exchange Ouinex has raised $3.5m from its own traders, lifting total funding to $9m to build a “Non‑Centralized Order Book” designed to shield retail from market makers. Summary Ouinex secures $3.5m, bringing total funding to $9m Round funded solely by retail and professional traders on the platform New capital will build a “No‑CLOB” model to keep market makers from seeing user orders According to Forbes, crypto and derivatives platform Ouinex announced on May 19 that it had raised $3.5 million, taking aggregate funding to $9 million since launch. The France‑based company told Forbes that every investor in the new round is either…
Crypto exchanges and executives are spending more on personal security as kidnappings, home invasions, and “wrench attacks” become a growing risk across the industry. Summary Coinbase spent about $8.7 million on Brian Armstrong’s security and protection costs in 2025. Gemini pays Winklevoss Capital Management $400,000 per month for executive protection services. crypto.news reported France logged 41 crypto-linked kidnappings in 2026 as attacks moved offline. Bloomberg reported that crypto firms are raising security spending after a rise in violent attacks targeting executives, investors, and event attendees. The report linked the trend to kidnappings, home invasions, and physical threats aimed at forcing…
Bitcoin price remained under pressure on Monday as weakening technical indicators, heavy ETF outflows, and rising geopolitical tensions continued weighing on investor sentiment, with traders increasingly watching whether BTC could revisit the key $75,000 support zone next. Summary Bitcoin price slipped toward the $76,000 region as bearish SMA crossover signals and weakening RSI momentum increased downside pressure on BTC. Spot Bitcoin ETFs recorded over $1 billion in recent net outflows, while short-term holders realized losses on more than 15,000 BTC. Analysts identified key Bitcoin support near $75,733, with CoinGlass liquidation data showing dense leverage clusters around the $75,500 zone. According…
AI Financial reported a $271.5 million quarterly net loss as the value of its WLFI token holdings fell sharply. Summary AI Financial posted a $271.5 million quarterly loss after WLFI token values fell sharply. The company held 7.28 billion WLFI tokens worth $706.4 million as of March 28. AI Financial flagged one-year survival doubt due to losses, cash use, and weak liquidity. AI Financial Corporation reported $4.7 million in revenue for the 13 weeks ended March 28, 2026. The revenue came from its fintech business, while its biotech segment remained listed as discontinued operations. The Nasdaq-listed company posted a net…
The U.S. Securities and Exchange Commission has rescinded its decades-old policy that barred defendants in enforcement settlements from publicly denying the agency’s allegations. Summary The SEC has removed its long-standing rule that barred settling defendants from publicly denying enforcement allegations. SEC Chair Paul Atkins said the policy created unnecessary limits on criticism of the agency during settlement agreements. Commissioner Hester Peirce said allowing both sides to speak freely would improve transparency around SEC enforcement actions. In a statement released Monday, the U.S. Securities and Exchange Commission said the repeal removes a rule first adopted in 1972 that required settling parties…
Minnesota has signed a new crypto custody law that lets banks and credit unions hold digital assets for customers from Aug. 1. Summary Minnesota banks can hold crypto from Aug. 1 if they meet notice and control rules New law requires crypto segregation, cybersecurity policies, and state review before custody services launch statewide Crypto ATM ban starts same day, showing Minnesota’s split approach to digital asset access statewide Gov. Tim Walz signed HF 3709 into law, allowing state-chartered banks and credit unions to offer virtual-currency custody services. The law covers the safekeeping, control, or management of virtual currency and private…
SpaceX Bitcoin holdings stand at $637m, on-chain data shows, making it the fourth largest known corporate holder. Summary SpaceX holds 8,285 BTC worth approximately $637m in Coinbase Prime custody, per Arkham Intelligence data, with the position unchanged since June 2022. The company ranks fourth among known private corporate Bitcoin holders, trailing Block.one, Tether Holdings, and Stone Ridge Holdings Group. SpaceX is targeting a June 12 Nasdaq debut under ticker SPCX, which will require public disclosure of the Bitcoin position under FASB fair-value accounting rules for the first time. SpaceX holds 8,285 BTC worth approximately $637 million in Coinbase Prime custody,…