Cryptocurrency
Lagarde warns europe against copying us stablecoin model
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European Central Bank President Christine Lagarde cautioned against promoting privately issued euro-pegged stablecoins during a speech on Friday. She urged Europe to focus on central bank-backed infrastructure instead.
Michael Saylor, co-founder of Strategy, signaled that the company will buy more Bitcoin on Monday. The purchase would boost the firm's Bitcoin treasury holdings. Strategy is the world's biggest Bitcoin treasury company.
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Digital Asset Holdings is pursuing $300 million in new funding through its latest capital raise. The company operates the Canton Network and has secured leadership from a veteran crypto venture capital firm for the effort.
Bitcoin fell briefly below $80,000 before recovering to around $80,360, following a similar dip reported two days earlier. The move appears driven by internal profit-taking rather than macro factors, with on-chain data showing the largest single-day profit realization since late 2025.
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US spot Bitcoin ETFs have recorded net inflows for a sixth consecutive week. The funds have attracted a combined 3.4 billion dollars since April 2.
A Coinbase executive and crypto adviser predict the Senate Banking Committee will hold its markup on the Digital Asset Market Clarity Act this month, leaving time for a potential Senate floor vote in June as lawmakers target July 4 passage.
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Payward, the parent company of cryptocurrency exchange Kraken, has agreed to acquire Hong Kong-based Reap Technologies for up to $600 million in a cash-and-stock deal. The transaction values Payward at $20 billion and represents the company's largest acquisition to date.
Bitcoin traders await dip below $80,000
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