Former CFTC Chair Christopher Giancarlo says banks, more than crypto firms, need the stalled Digital Asset Market Clarity Act.
Bitflyer trading spiked even as Japan’s Nikkei tumbled, while Korea and Taiwan equities joined the broader Asian selloff.
Crude oil futures on Hyperliquid dropped from $114 to $102 after reports that G7 finance ministers would discuss a joint release of strategic oil reserves to cool the price surge driven by the Iran conflict.
Rising oil prices are shaking global markets, but the U.S. is largely insulated and bitcoin seems to be riding the wave alongside Wall Street.
Veteran strategist Ed Yardeni raised his probability of a stock market crash this year as oil tops $100, the dollar posts its best week in a year, and the Iran conflict expands to Saudi Arabia.
The divergence between large and small holders has historically preceded further downside, with the Crypto Fear and Greed Index dropping to 12
XRP slips as traders watch $1.35 support
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Traders are watching whether the $1.35 support zone holds after high-volume selling earlier in the session.
The IRS’s 1099-DA tax form for reporting digital asset gains comes with a burden of over-reporting, Coinbase’s tax experts warned.
This places blockchain security in the context of national technology competition alongside AI and quantum computing.
Traders are moving beyond sports bets and elections to price “unpriceable” geopolitical and policy risks that standard financial tools can’t handle.
Most majors gave back Friday’s gains, with solana down 4%, ether falling 4.4%, and 43% of bitcoin’s supply now sitting at a loss according to Glassnode data.
Bitcoin is now firmly in a deep bear market and could fall another 30% in 2026, firm said.