Cracks in the global private credit market are rattling investors, raising concerns the stress could spill into crypto markets. Bloomberg reported Friday that BlackRock’s $26 billion private credit fund has begun limiting withdrawals amid rising redemption requests. The move follows similar stress at Blue Owl,… Read More
Bitcoin is on the cusp of falling below $70,000 for the first time since Wednesday, after climbing as high as $74,000 earlier this week. The decline reflects a broader risk-off shift in markets as investors position ahead of key U.S. macroeconomic data and the developing… Read More
Crypto exchange OKX, which was just valued at $25 billion after a strategic investment from New York Stock Exchange (NYSE) parent Intercontinental Exchange (ICE), is launching a social network built directly into its trading app, the latest example of social media and digital asset platforms… Read More
Ripple, the blockchain firm closely associated with the XRP Ledger (XRP) network, said Thursday that clients on its Ripple Prime platform can now trade the full range of crypto futures listed on Coinbase Derivatives. The move gives institutions a new way to access regulated crypto… Read More
Revolut, the U.K. fintech giant that offers crypto trading, filed an application for a U.S. banking license with the Office of the Comptroller of the Currency (OCC), a key step in its push to expand in the American financial system. If approved, the license would… Read More
Bitcoin finally got through the door. The largest cryptocurrency broke above $72,000 on Thursday, its highest level since before the Feb. 5 crash and the first clean move above the $70,000 ceiling that had rejected it three times in the past month. It was trading… Read More
