BlackRock's Head of Digital Assets argued that the crypto industry had created a “self-inflicted wound” by promoting the idea that Bitcoin is a risk-on asset.
A recession could be a “big catalyst” for the cryptocurrency, he said, adding that, “it's not clear that tariffs are a fundamental bad for Bitcoin.”
Bitcoin received a boost Wednesday, surging past $86,000 as investors responded to signals of looser financial conditions from the Fed—but analysts are divided over whether inflationary pressures will subside.
BlackRock Digital Assets Head Criticizes Narrative of Bitcoin as a Risk-On Asset
BlackRock's Robert Mitchnick said that Bitcoin has acquired a reputation as a risky investment partly due to the crypto industry's messaging.
Bitcoin Surges Amid Eased Financial Conditions, Analyst Predicts All-Time High in Q2
Bitcoin has rallied as the Fed eases balance sheet reduction, fueling risk appetite amid shifting global liquidity conditions.
Bitnomial Plans to Launch 'First' US XRP Futures, Drops SEC Lawsuit
The crypto exchange has voluntarily dismissed its case against the SEC, citing improvements in regulatory clarity.
Treasury Expands Financial Surveillance of Cash Transactions—What About Crypto?
Cash transactions of $200 must soon be reported to the Treasury if you live along the southwest border of the U.S. Could it apply to crypto?
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🎮️ GG: Yeet Raises $7.75 Million to Build 'Crypto's Casino'
Crypto startup Yeet plans to rely on the reputation of its founders to create a home for gambling with crypto.
🤖 EMERGE: Elon Musk’s Grok AI Is Turning Against Him, Telling X Users He Spreads Misinformation
X's chatbot Grok, built to be “truth-seeking,” is telling users That Elon Musk is the world’s biggest source of disinformation and suggesting that Trump might be a Russian asset.
🎭️ SCENE: Dogecoin Will Appear in the Indy 500—And Fans Can Pick the Car Design
An IndyCar team co-owned by comedian David Letterman will field a Dogecoin-emblazoned car at the Indianapolis 500.
📚 Watch and Learn
📹️ WATCH: Coinshift CEO: Next-Gen Stablecoins Will Underpin 'Trillions of Dollars in Value'
Tarun Gupta spoke to Decrypt about how stablecoins will prove the utility of blockchain-powered trustless financial architecture—ultimately bringing 'every other instrument' on-chain.
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🎓️ LEARN: What is XRP? A Cryptocurrency Created For the Financial Sector
XRP is designed to help banks move money more quickly and cheaply than existing methods.
