JP Morgan says Korean leveraged ETF unwinding complete, hedge funds 90% deleveraged
JP Morgan reports that the sell-off from Korean leveraged ETFs is over and hedge funds have mostly unwound positions, potentially easing market pressure.
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Crypto market news today for traders
Fresh crypto market events, important releases, and notable moves that help traders understand the market context faster.
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US prosecutors' associations urge White House to amend CLARITY Act's developer rules. White House crypto advisor Patrick Witt rejects changes as 'far from government position'. Senator Masto pushes for resolution before vote, but bill faces Democratic opposition and likely delay.
A group of US state and federal prosecutors has sent a letter to the White House asking for changes to the CLARITY Act, a cryptocurrency bill. They want to ensure that developer guideline...
BREAKING: US Central Command says US military has launched strikes on Iran in response to yesterday's attack on American forces. Tensions explode as direct conflict escalates.
The US has initiated military strikes against Iran after a previous attack on US forces in the region. This is a major escalation that could lead to broader conflict and impact global mar...
Government borrowing costs hit a two-decade high as Treasury yields surge after Fed decision, signaling inflation doubts.
The cost for the US government to borrow money has jumped to levels not seen in 20 years. This happened after the Federal Reserve's latest rate decision. Higher yields mean investors are...
Robinhood hits record quarter overall, but crypto revenue tanks 38% as trading volumes slump
Robinhood reported its best quarter ever in terms of total revenue, but its cryptocurrency business saw a sharp 38% drop in revenue compared to last year. The company is still expanding c...
Binance.US to apply for CFTC license next month to launch prediction markets, CEO says
Binance.US CEO says exchange will apply for CFTC Designated Contract Market license next month to launch prediction markets, aiming to offer regulated event contracts to clients.
President Trump demands new powers to tariff Iran in Russia sanctions bill, complicating House vote.
President Trump asked lawmakers to add authority to impose tariffs on Iran to a sanctions bill against Russia and Iran, which could increase trade tensions and affect markets.
Fed Chair Warsh says June core CPI not a game-changer, inflation data encouraging, hard decisions ahead
The Federal Reserve chair commented that the latest core inflation report doesn't change the outlook much, but sees some positive signs and warns of tough choices to come.
Fed Chair Warsh to speak live after rate hold—markets on edge for Iran war energy shock hints
The Federal Reserve Chair Kevin Warsh is giving remarks after the central bank kept interest rates unchanged. Traders watch for any signals on future rate moves, especially given rising e...
Three Fed regional presidents dissented, voting for a 25bp hike at this week's FOMC meeting — first time since 2016 seeing three dissents in one decision.
Three out of five regional Fed bank presidents on the voting committee voted to raise interest rates, while the majority kept rates unchanged. This is a rare and strong internal push for...
Fed holds rates at 3.50%-3.75% as expected, fifth consecutive meeting unchanged.
The US Federal Reserve decided to keep interest rates steady, which was widely anticipated by the market. This means borrowing costs remain the same, influencing crypto and other risk ass...
Bipartisan Senate bill would give Trump sweeping new powers to tariff Russian energy buyers
A bill introduced in the US Senate would allow President Trump to impose secondary tariffs on countries that buy Russian oil and gas, a move that could escalate economic pressure on Russi...
Cost to insure AI debt hits record high as Asian chip rout deepens — credit spreads flash warning on over-leveraged AI trade.
The price of credit default swaps on debt issued by AI companies surged to an all-time high following a historic two-day crash in South Korea's semiconductor stocks. This means investors...
Trump threatens to 'beat the hell out of Iran' after attack on U.S. forces in Jordan
President Trump issued a strong verbal threat against Iran following a surprise attack on U.S. forces stationed in Jordan, escalating geopolitical tensions in the Middle East.
Ethereum Institutional raises initial funding led by BitMine, SharpLink, and Ethereum co-founders Lubin and Alisie.
A new project called Ethereum Institutional has raised its first round of funding to build services for institutional use of Ethereum, including tokenization, stablecoins, and on-chain se...
BNY Mellon launches blockchain-based transfer agency platform, moving core financial records onchain.
BNY Mellon, one of the world's largest custody banks, is launching a blockchain platform for transfer agency records. This means they are recording ownership and transactions of assets on...
US and Saudi forces strike Iran-backed militias in Iraq after drone attacks on Aramco's Abqaiq oil facility, spiking oil prices and heightening war fears.
The US and Saudi Arabia launched joint airstrikes on Iranian proxy groups in Iraq in response to drones hitting a key Saudi oil processing plant. This escalates the ongoing conflict with...
Iranian state TV says US launched airstrike on Iran-Iraq border area, escalating tensions.
Iran's state media reports a US airstrike near the border between Iran and Iraq, a major escalation in the ongoing conflict between the two countries.
South Korea's financial authorities will hold an emergency meeting at 6 PM local time today to address the market turmoil.
South Korean financial regulators are convening an unscheduled meeting to discuss the recent severe stock market crash. This could lead to emergency measures or policy announcements, pote...
Bitcoin ETFs bleed $526M in 4 days as BTC fails to stay above $65K
US spot Bitcoin ETFs saw four consecutive days of net outflows, totaling over half a billion dollars, as Bitcoin slipped below the key $65,000 support level.
