Tag: Crypto

Fed Chair Nominee Discloses Holdings in Crypto and AI

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Kevin Warsh, US President Donald Trump’s pick to lead the Federal Reserve to replace Chair Jerome Powell, has reported millions of dollars in assets ahead of his confirmation hearing, including investments in crypto and AI companies. In a filing with the US Office of Government Ethics, Warsh reported Excepted Investment Funds (EIFs) in Compound, Dapper Labs, Kinetic, as well as AI companies Delphi, Conversion, Factory, Glue and others ahead of his confirmation hearing in the Senate. While the prospective Fed chair’s assets amounted to more than $100 million, none of…

Bitcoin nears $76K as fresh Iran talks reports lift crypto markets

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Bitcoin rose more than 1% on Tuesday morning, nearing $76,000 after opening the week with strong momentum. The largest crypto asset by market cap climbed from around $70,000 toward $74,000 on Monday, then briefly topped $76,000 early Tuesday before retracing to about $75,200 by press time. The move came alongside fresh developments in the US Iran conflict. New reports said US officials are considering possible dates and locations for a second in person meeting with Iranian officials before the ceasefire expires next week. Iranian state media, however, said no decision…

X Product Chief Hints at Crypto Plans, Sparks Speculation

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X’s head of product Nikita Bier hinted Tuesday that the platform could launch a crypto-related product, prompting speculation across the industry. The post drew attention because it came just weeks before the expected launch of X Money, a payments and digital wallet product that Elon Musk has presented as part of his plan to expand X into a broader financial platform. The post quickly drew responses across the crypto industry, prompting immediate speculation around X’s potential Bitcoin (BTC) revival, Solana-related initiatives, stablecoins as well as prediction markets. Some users also…

Michael Nadeau: Wealth destruction phase is reshaping crypto markets, investor sentiment suggests optimism, and understanding cycles is key to strategic investing

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Key takeaways The current phase in the crypto cycle is marked by significant wealth destruction with assets trading well below their all-time highs. There is speculation that the market may have already hit its bottom during this wealth destruction phase. Market cycles in crypto consist of wealth creation, distribution, and destruction phases, each requiring specific investment strategies. The current sentiment suggests that the market is not entering a bear market, indicating active deployment by investors. The four-year cycle in crypto markets aligns with traditional finance cycles, influenced by liquidity conditions…

Nauru Appoints Dadvan Yousuf Trade Commissioner for Crypto Push

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Nauru has appointed crypto entrepreneur Dadvan Yousuf as an international trade commissioner to help advance its digital asset strategy and attract global investment.    In a statement on Tuesday, President David Adeang said the appointment is part of the Pacific nation’s efforts to strengthen international partnerships and position itself as a hub for virtual asset activity. The government said Yousuf will support cross-border engagement with virtual asset service providers, financial institutions and technology firms. The move comes less than a year after Nauru passed legislation establishing the Command Ridge Virtual Asset…

X product chief floats idea of building “something” to address crypto slump

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Bitcoin climbed back to $74,000 on Monday to blunt its year-to-date losses. But even with the rebound, the token sits roughly 15% lower for the year as the crypto market struggles to recapture the upside momentum seen earlier this spring. X’s product head Nikita Bier said the platform might “launch something to fix it.” Crypto has had a rough year. Maybe we should launch something to fix it. — Nikita Bier (@nikitabier) April 14, 2026 X Money to open early public access this month It’s unclear what “something” refers to,…

Former CFTC Chair to Focus on Crypto Advisory Work

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Chris Giancarlo, the former chair of the US Commodity Futures Trading Commission, is stepping away from law to become a full-time adviser to cryptocurrency firms. Giancarlo, referred to as “Crypto Dad” while in office for his crypto advocacy, posted to X on Sunday that he was leaving the law firm Willkie Farr & Gallagher and retiring from law altogether as he makes the switch to advising crypto and fintech companies. “From here on, I’ll devote my time to advising founders & builders of FinTech & Digital Assets and their CEOs…

Crypto Surges Iran Deal Hope Hits Market

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Bitcoin has surged to its highest price in nearly a month, triggering hundreds of millions worth of liquidations as hopes of a deal between the Trump administration and Iran washed the crypto market with positive sentiment. The crypto market surged to a total value of $2.6 trillion, its highest level for a month, liquidating 177,000 traders of $530 million over the past 24 hours, according to CoinGlass. The majority of liquidations occurred in the past 12 hours, and 80% of them, or $425 million, were leveraged short positions in Bitcoin…

Crypto investment products post $1.1B inflows in best week since January

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Digital asset investment products attracted $1.1 billion in inflows last week, marking the strongest weekly total since early January, as improving risk appetite lifted demand for crypto exposure. According to a CoinShares report, the US accounted for $1.06 billion of the weekly total, or about 95% of all inflows, far outpacing other regions. Germany posted $34.6 million in inflows, while Canada and Switzerland added $7.8 million and $6.9 million, respectively. Bitcoin led all assets with $871 million in inflows, pushing year-to-date inflows to just under $2 billion. At the same…

Torab: Binance’s market maker fund freeze impacts the crypto ecosystem, the importance of a transparent strategic reserve, and the shift from L2 to L1 architecture

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Key takeaways Binance’s decision to freeze market maker funds had significant repercussions for the company and the broader crypto ecosystem. The Move strategic reserve was established to manage token supply transparently and support the ecosystem. Commitment to an existing ecosystem can be crucial for maintaining momentum and achieving long-term success. Significant achievements often require enduring difficulties and making sacrifices. Separating the foundation and labs team in governance structures helps prevent conflicts of interest. Robust governance measures are essential to prevent any individual from having unchecked power over the ecosystem. Transitioning…