Crypto Long & Short: With MSTR concerns assuaged, look to traditional signals around BTC
In this week’s Crypto Long & Short, FalconX’s Gaspar Martin writes that BTC is reaching a market bottom and is poised for a turnaround.
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XRP Ledger’s new upgrade is here. But not everyone’s on board yet
The new software leads among the network’s validators, yet by node count it sits behind the older v3.1.3, and the security amendment bundled with it remains a separate, slower vote. The upgrade needs 80% of the trusted validator list to activate.
Bitcoin under pressure as Trump says Iran ceasefire is over
Major cryptocurrencies are trading in the red as renewed U.S.-Iran airstrikes push oil higher.
BlackRock-backed Securitize slides 40% after SPAC debut despite tokenization boom
The decline fits into a pattern of recently-public digital asset companies sliding after debut, Arca’s Jeff Dorman said.
Crypto exchange Kraken is trying to become a bank in Europe
Kraken’s focus is on Lithuania as the jurisdiction to secure the license, according to a person familiar with the plans.
SpaceX IPO powers record $3.86 billion in tokenized equities trading in June
SpaceX tokens captured $1.19 billion, or 31% of total monthly volume, with Backpack’s SPCX leading trading at $1.08 billion.
U.S. SEC to propose crypto rule as soon as this month to ease startups, fundraising
A newly updated agenda from the securities regulator shows so-called Reg Crypto high on its near-term list.
Analysts see more upside for SpaceX as post-IPO research begins
Major brokerages initiated coverage on Tuesday with mostly buy ratings following the company’s $75 billion June IPO.
Vanguard opens search for digital assets leader in sign of evolving crypto strategy
The new role would oversee tokenization, stablecoins and blockchain initiatives as Vanguard reassesses digital assets.
AI trade loses steam as infrastructure boom faces reality check
Record earnings, rising competition and concerns over slowing AI spending are forcing investors to reassess one of the market’s biggest trades.