Privacy coins Zcash and QRL surge 25% on quantum fears
Privacy coins including Zcash and QRL jumped up to 25% on May 21 as quantum computing fears intensified. Summary Zcash gained roughly 7% and QRL...
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Nvidia Beats, Stock Dumps—BofA Says Buy the Dip
In brief Bank of America reiterates “buy” on Nvidia and lifts its target to $350 after record Q1 revenue of $81.6 billion. BofA sees the...
Hyperliquid whale won’t close HYPE short despite $22M unrealized loss
A Hyperliquid (HYPE) whale is refusing to close a massive short position even as the token’s rally leaves the trader sitting on more than $22...
Why JPMorgan says tokenized funds can’t beat stablecoins
JPMorgan says tokenized funds make up just 5% of the stablecoin market despite offering higher yield. Summary JPMorgan said in a May 21 report that...
Trump Halts AI Order Over Fears It Could Hurt US Edge Over China
In brief Trump said he postponed an AI executive order signing because parts of the draft could have slowed U.S. AI development. The proposal would...
Chance of new Bitcoin lows ‘extremely slim’ as long-term holders’ supply tops 15M BTC
The chance of Bitcoin (BTC) falling below $60,000 is “extremely slim,” according to data showing that BTC long-term holders increased their holdings to 71.6% of...
XRP whale collects $224,500 betting on $1.40 through June
An XRP whale collected $224,500 in options premiums betting the token stays near $1.40 through June 26. Summary A large trader executed a short strangle...
NHL Agrees to Share Data With the CFTC for Prediction Market Integrity
In brief The NHL follows the MLB as the latest sports league to sign a data-sharing agreement with the CFTC. The MOU commits the pair...
Bitcoin liquidity balance hints at developing rally toward $80K
A liquidity imbalance in Bitcoin (BTC) is building near $80,000, with more than $4 billion in short positions vulnerable to liquidation above that level. The...
MoonPay launches MoonPay Trade to pull banks into DeFi and tokenized assets
MoonPay is launching MoonPay Trade, a new institutional platform that promises banks and fintechs unified access to tokenized assets, DeFi protocols and stablecoin liquidity across...