Ripple CTO Emeritus David Schwartz has clarified a long-running point of confusion in the XRP community: XRP did not exist before Bitcoin. The debate often resurfaces because RipplePay, an early trust-based payment concept created by Ryan Fugger, dates back to 2004. But Schwartz drew a clear line between that earlier idea and the XRP Ledger,…
TL;DR Bitcoin fell below the $59,000 threshold as macro pressure returned to crypto markets. The BEA reported May PCE inflation at 4.1% year-over-year, according to the repaired source batch. CoinGlass liquidation data is dynamic, so liquidation figures should be treated as market-data estimates rather than static official disclosures. Bitcoin moved back under pressure after the…
TL;DR Bitcoin options positioning has shifted toward downside protection, according to Deribit and Block Scholes references. The repaired source batch removed the earlier precise -10% skew claim and kept the article broader. The article should explain skew mechanics without giving trading advice. Bitcoin options traders appear to be leaning defensive again, with 25-delta put-call skew…
TL;DR Deribit settled a combined BTC and ETH options expiry worth about $10.63 billion, according to the repaired batch. The batch lists roughly $9.06 billion in BTC notional and $1.57 billion in ETH notional. Because the source is a derivatives dashboard, the article keeps figures attributed as market-data readings. Deribit’s June quarterly options expiry put…
TL;DR Oman has launched Omanhash.om, a state-supervised national Bitcoin mining pool. The pool is described as mandatory for licensed Bitcoin mining companies in the country. Enegix Global says the first phase aims to consolidate around 10 EH/s of Omani mining capacity. The Sultanate of Oman has launched Omanhash.om, a state-supervised national cryptocurrency mining pool that…
TL;DR BitGo reportedly cut around 15% of its workforce. The move is described as a one-time strategic realignment. The repaired batch says the exact SEC accession link was not available, so the article keeps the story source-attributed. Digital asset custodian BitGo has reportedly implemented a workforce reduction of roughly 15% as it refocuses resources on…
TL;DR CoinShares surveyed 261 wealth management professionals for The Silent Portfolio. 52% of UK advisers reported a management gap above 50% for client crypto exposure. The firm says restrictive policies and lack of internal guidance are major barriers. A new CoinShares survey suggests UK wealth managers are facing a major blind spot when it comes…
TL;DR The CLARITY Act remains on the Senate calendar, but timing is fluid. A separate housing-bill standoff is adding pressure to July floor time. The article should avoid partisan framing and stick to legislative mechanics. The Senate’s push to move the Digital Asset Market Clarity Act, known as the CLARITY Act, is facing a crowded…
Institutional Bitcoin demand is showing fresh signs of fatigue, with K33 Research reportedly flagging a record drawdown in global Bitcoin ETP holdings and rolling one-year flows turning negative for the first time since 2023. TL;DR K33 Research reportedly says global Bitcoin ETP holdings are down 8% from their peak. Rolling one-year flows have turned negative…
The regulatory fight over prediction markets has moved into another federal courtroom, with the Commodity Futures Trading Commission suing Kentucky officials in a case that could shape how event contracts are treated across the United States. TL;DR The CFTC has reportedly sued Kentucky regulators over enforcement actions tied to Kalshi and Polymarket. The agency is…