News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
Smart-Contract and DeFi Tokens Suffer Losses as Bitcoin Drops for Fourth Day
Bitcoin and major cryptocurrencies have faced declines for four consecutive days, with smart-contract and DeFi tokens leading the downturn amid market concerns.
Mercation Admin4 min - Crypto
Bitcoin Drops to $62,000 as Analysts Note Easing Selling Pressure
Bitcoin has dropped to $62,000 amid geopolitical uncertainty and significant liquidations in the crypto market, as analysts note a lack of new investor capital.
Mercation Admin2 min - Crypto
Franklin Templeton Seeks Approval for Bitcoin Dividend ETFs
Franklin Templeton has filed to launch two ETFs that will reinvest U.S. stock dividends into Bitcoin, tracking new VettaFi indices.
Mercation Admin2 min - News
Digital Credit Market Faces Major Selloff as Strive CEO Attributes Decline to Leverage Liquidations
The digital credit market faced a significant selloff attributed to leverage liquidations, according to Strive Asset Management CEO Matt Cole, who emphasized the underlying credit quality remains stable.
Mercation Admin3 min - News
CFTC Issues Permanent Trading Ban on Celsius Founder Alex Mashinsky
Alex Mashinsky, founder of Celsius, has been permanently banned from trading by the CFTC following his 12-year prison sentence for fraud.
Mercation Admin2 min - News
Algorand Aims for Quantum Computing Preparedness by End of 2027
Algorand Foundation is set to enhance its blockchain with post-quantum cryptography, aiming for readiness by the end of 2027 to combat potential quantum computing threats.
Mercation Admin3 min - News
Ethereum Foundation Sees Continued Departures with Hsiao-Wei Wang's Exit
The Ethereum Foundation faces another high-profile departure as co-director Hsiao-Wei Wang resigns, following a trend of turnover in leadership.
Mercation Admin2 min - News
Kentucky Takes Legal Action Against Kalshi and Polymarket in Prediction Market Dispute
Kentucky has sued Kalshi and Polymarket, accusing them of running illegal sports betting platforms, amid a growing legal conflict that may reach the U.S. Supreme Court.
Mercation Admin2 min - Stocks
Bitcoin Strategy's Preferred Stock STRC Hits Record Low
Strategy's preferred stock STRC hit an all-time low of $82.53, raising concerns about its management of fixed obligations amidst uncertainty in the market.
Mercation Admin4 min - Crypto
Traders Turn Increasingly Bearish on Bitcoin and Ethereum After Fed Meeting
Traders are increasingly bearish on Bitcoin and Ethereum as both cryptocurrencies see significant price drops following the Fed's latest meeting.
Mercation Admin2 min - Crypto
U.S. Agencies Propose Stablecoin Customer-ID Standards Under GENIUS Act
U.S. regulators, including the Federal Reserve and Treasury, propose a new rule for stablecoin user identification, aligning standards with traditional financial institutions.
Mercation Admin4 min - News
Powell Endorses Fed's Stablecoin Regulations, Warsh Abstains
The Federal Reserve's new proposal requires U.S. crypto firms to verify stablecoin users, with Jerome Powell supporting it while Kevin Warsh abstained.
Mercation Admin2 min