Coindesk

Bitcoin BTC has taken deeper root in corporate treasuries, with 116 public companies now holding a combined 809,100 BTC, worth around $85 billion based on current prices, at the end of May.That’s a dramatic rise from 312,200 BTC held a year ago in corporate treasuries, according to Binance Research’s latest report. Nearly 100,000 BTC has been added since early April alone.The surge appears driven by a mix of rising prices and structural tailwinds. Donald Trump adopted a pro-crypto stance during his 2024 presidential campaign, vowing to make the U.S. a global hub for the asset class and create a “crypto capital of the planet.”Since Trump took office he has moved to establish a Strategic Bitcoin Reserve and a U.S. Digital...

Global markets are navigating heightened uncertainty as trade disputes between major economies intensify. NEAR Protocol's NEAR has demonstrated resilience amid this volatility, recovering from a sharp 5.2% decline to establish support at $2.42. The recent price action shows promising signs of accumulation, with increasing volume on the second test of support forming a potential double bottom pattern. This technical structure, combined with the successful break above the $2.46-$2.47 resistance zone, suggests buyers are regaining control despite broader market turbulence. As central banks weigh inflation concerns against economic growth, NEAR's recovery may indicate growing institutional confidence in blockchain infrastructure projects with real-world utility.Technical analysisNEAR-USD exhibited substantial volatility over a 24-hour period, with a notable range of 0.132 (5.2%) between the high...

Leverage across the crypto economy is evolving, not evaporating.Total crypto-collateralized lending fell 4.9% quarter-over-quarter to $39.07 billion, the first decline since late 2023, Galaxy Research’s Q1 2025 report shows. But while the headline figure contracted, underlying dynamics suggest leverage is shifting form, not fading.Lending in decentralized finance (DeFi) lending took a hit early in the quarter, sliding as much as 21%, before rebounding sharply in April and May. The turnaround was driven largely by Aave’s integration of Pendle tokens, whose yield-bearing structure and high loan-to-value ratios (up to 90%) sparked a wave of fresh borrowing. By late May, DeFi borrowing had surged more than 30% off the lows, with Ethereum leading the recovery. Centralized finance (CeFi) lending climbed 9.24% to...

There is a strong institutional presence in U.S. spot crypto exchange-traded funds (ETFs), with investment advisors taking a commanding lead, according to the recent SEC filings.Investment advisors now hold over $10.28 billion in spot bitcoin BTC ETF assets, representing 124,753 BTC. Investment advisors hold nearly half of the total crypto assets declared by the various funds. Hedge fund managers are second holding $6.9 billion worth of BTC ETF, or nearly 83,934 BTC, followed by brokerages and holding companies. These figures, highlighted by Bloomberg ETF analyst Eric Balchunas, underscore how advisors have surged to the top "number one by a mile." Balchunas estimates that 13F filers currently make up about 20% of total spot Bitcoin ETF assets, a number likely...

Crypto asset manager 3iQ has debuted one of its hedge fund products as an actively managed certificate (AMC) with the Swiss regulated partner Criptonite Asset Management, the companies said on Thursday.AMCs are regulated investment vehicles that allow qualified investors to invest in actively managed products. The new structured product is due to trade on Swiss Exchange SIX.The 3iQ Criptonite Multi-Factor AMC is a hedge fund that uses a long/short strategy, taking advantage of market uptrends and downtrends with dynamic positioning, according to a press release.A pioneer in the crypto trading arena, 3iQ was one of the first fund managers to list a bitcoin fund, with its Bitcoin Fund on the TSX, and the first with a publicly listed ether fund,...