Here is what happened yesterday in the crypto market:
Bitcoin Whiplash as US Yields Spike
Bitcoin experienced a rollercoaster, surging and then plunging as U.S. Treasury yields spiked following a Moody’s downgrade, reflecting broader market volatility. Traders are digesting these macroeconomic factors while anticipating potential new highs.
Read more
JPMorgan to Allow Clients to Buy Bitcoin
JPMorgan Chase will now allow its clients to purchase Bitcoin, marking a significant shift for the financial giant. This decision signals a broader acceptance of cryptocurrency among traditional financial institutions.
Read more
Dubai Tightens Crypto Margin Trading Regulations
The Virtual Asset Regulatory Authority (VARA) in Dubai has updated its rulebook to include stricter controls on leverage and collateralization for digital asset trading, aiming to enhance market integrity and reduce risk.
Read more
Crypto Investment Products Recover After Outflows
Crypto investment products have fully recovered from significant outflows earlier in the year, with recent inflows totaling $7.5 billion year-to-date, indicating renewed investor confidence.
Read more
Former Binance Russia Head Arrested on Fraud Charges
Vladimir Smerkis, previously head of Binance’s Russia division and co-founder of Blum, has been arrested in Moscow on charges of fraud, highlighting ongoing regulatory and legal scrutiny in the crypto space.
Read more