Crypto News
World Liberty Says it Hasn’t Sold Any Ether, Refutes Arkham Data
World Liberty Financial, the DeFi project backed by U.S. President Donald Trump's family, has denied reports that it sold ether (ETH) earlier this week.It was reported on Wednesday that a wallet closely linked to World Liberty Financial, which is tagged by blockchain data firm Arkham as potentially belonging to the project, sold $8 million worth of ether after surpassing $125 million in unrealized losses.In a statement to CoinDesk, a World Liberty Financial spokesperson said: "The claims that World Liberty Financial has sold any of its holdings are wholly inaccurate. WLFI has not sold any positions as currently reported. Speculation to the contrary is false."Ether has since rebounded since that sale at $1,465, currently trading at $1,553 after the crypto markets...
Coinbase CLO Slams FDIC for ‘Absurd’ Delays in Crypto Debanking Records Lawsuit
Coinbase opposed FDIC’s request for a 16-day delay in a FOIA case, calling the agency’s stall tactics “legally incorrect.”Source link
Gold Rally Makes Tether’s XAUT Top-Performing Digital Asset as Crypto Markets Remain Flat
Tokenized gold, such as Tether’s XAUT and Paxos’ PAXG continued to be a favorite of crypto investors in Asia as investors seek a safe haven despite a de-escalation in trade war tensions.On-chain data shows that Tether’s XAUT was a top-10 market performer out of all digital assets. Tether’s tokenized gold, the largest by market cap, is up 3.4% in the last 24 hours.CoinGecko data shows the sector is up 4.3% in the last 24 hours, compared to the CoinDesk 20, an index of the performance of the largest digital assets, which is down 2%.The price of gold initially moved down during the early hours of the Asia trading day, after breaching an all-time high during the end of U.S. hours....
Standard Chartered, OKX Launch Collateral ‘Mirroring’ Program for Institutional Crypto Trading
Institutional traders can now leverage cryptocurrencies and tokenized money market funds as off-exchange collateral, thanks to a new program launched by Standard Chartered and OKX. Boosting Institutional Investor Confidence Standard Chartered and OKX have unveiled a “pioneering” collateral mirroring program, enabling institutional clients to utilize cryptocurrencies and tokenized money market funds as off-exchange collateral forSource link
S&P 500 More Volatile Than Bitcoin as U.S. Assets Lose Investor Favor
For years, Wall Street criticized bitcoin (BTC) for its volatility, but the situation has dramatically changed as President Donald Trump's aggressive trade policies diminish the appeal of U.S. assets.Since Trump's Liberation Day tariff announcement on April 2, the seven-day realized volatility of the S&P 500, Wall Street's benchmark equity index, has surged from an annualized 50% to 169%, according to data from TradingView. That's the highest level since the coronavirus crash in 2020.BTC's seven-day realized volatility has doubled to 83%, yet it remains significantly lower than the S&P 500, hinting at the cryptocurrency's possible evolution as a low-beta hedge against stocks. The cryptocurrency also looks significantly less volatile than the S&P 500 on a 30-day basis."Equity markets experienced a...