Prediction market platforms Kalshi and Polymarket recorded a combined trading volume of $45 billion in June, a 75% increase driven partly by heightened interest surrounding World Cup-related markets. Kalshi posted the sharpest gain among the platforms, with monthly volume climbing 87.4% to $31.5 billion, up from $16.
Cathie Wood's Ark Invest purchased roughly $18 million in Circle shares as the stablecoin issuer's stock extended a sharp decline, falling 41% over the past month. Circle shares dropped about 1% on the latest trading day after sliding nearly 18% on Tuesday, a move tied to
Bitcoin's move back above $60,000 on Wednesday rippled through equities tied to the cryptocurrency, driving gains in companies that hold the asset on their balance sheets. Strategy (MSTR) and Strive (ASST) each climbed more than 10% intraday, reflecting how closely such treasury stocks track Bitcoin's
The support structures that fueled Bitcoin's previous rally are now weakening as the second half of the year begins, according to CryptoSlate data. The largest cryptocurrency has fallen roughly 33% this year and more than 50% from its October record high above $126,000, trading near its weakest
Bitcoin treasury companies are increasingly turning to preferred stock as a way to raise capital while avoiding the dilution or debt burden associated with other financing methods, according to a new report. Led by Strategy and newer entrants such as Strive, these bitcoin-backed preferred shares have expanded into a
Standard Chartered has completed its first live digital asset prime brokerage trades in partnership with LMAX Group, signaling deeper involvement by traditional banks in crypto market infrastructure. The bank used its own balance sheet to intermediate institutional Bitcoin transactions, a role that positions it between clients and trading venues. Prime
Wall Street bank Citi has revised its 12-month Bitcoin price forecast downward to $82,000, reflecting a broader reassessment of the cryptocurrency's near-term prospects. The bank attributed the cut to collapsing demand for spot Bitcoin exchange-traded funds, which had previously channeled significant institutional capital into
Bitcoin has declined in both the first and second quarters of 2026, marking only the third time in its history that it has opened a year with consecutive quarterly losses. The two prior occurrences, in 2018 and 2022, offer little reassurance for investors, as the second half of each of
U.S. spot bitcoin ETFs endured their most severe monthly withdrawals on record in June, with investors pulling roughly $4.5 billion from the funds. The figure surpassed the previous worst monthly outflow by 29%, underscoring a sharp deterioration in demand for the regulated bitcoin products that launched in early
A sharp decline in open interest from last year's peaks has reset XRP's derivatives market, easing the excessive leverage that had amplified recent price swings. Despite the flush, XRP has managed to hold above the $1 level, supported by strengthening fundamentals. Active addresses on the network
Investors pulled billions from US spot bitcoin exchange-traded funds in June, marking the products' steepest monthly withdrawals since their launch in early 2024. Analysts attribute the $4.5 billion in outflows to a rotation of capital away from crypto amid ongoing macroeconomic uncertainty, as investors reassessed risk exposure.
President Donald Trump's 2025 financial disclosure provides a detailed look at the extent of his cryptocurrency holdings and earnings. The filing reveals more than $50 million in Bitcoin held in cold storage, indicating the assets are self-custodied rather than kept on an exchange or with a third-