Polymarket executive Josh Stevens speaking at a press conference about KYC and beta product launch
Bitcoin News

Polymarket exec clarifies KYC is limited to beta product, not existing platform

Polymarket’s vice president of engineering, Josh Stevens, has clarified that identity verification requirements apply only to a new beta product and are not being added to the platform’s existing service. The statement comes after a report from The Information suggested the prediction market platform had considered mandatory Know Your Customer checks amid rising regulatory pressure. […]

A modern crypto-linked credit card on a wooden table with a smartphone showing a payment confirmation.
Bitcoin News

Crypto card monthly transaction volume surges 230% year-over-year, reaching $7.8 billion

Monthly payment volume on crypto-linked debit and credit cards has surged approximately 230% compared to last year, signaling a rapid shift toward using digital assets for everyday transactions. Cumulative transaction volume on these cards reached $7.8 billion this month, according to data from The Kobeissi Letter, a market research publication. The growth is driven by […]

Split scene of rising bond yield chart and Bitcoin coin over ocean at sunrise
Bitcoin News

Soaring bond yields signal structural shift and potential Bitcoin supercycle: BitMEX analyst

Rising government bond yields are creating a ‘structural’ shift in global markets that could fuel a Bitcoin ‘supercycle,’ according to Shang Wu, a senior research analyst at crypto exchange BitMEX. Wu argues that central banks, burdened by record-high sovereign debt, face an impossible choice between currency debasement and sovereign default — a dynamic that may […]

Professional trading desk with Bitcoin chart approaching $82K resistance amid macroeconomic data
Bitcoin News

Bitcoin longs surge as traders defend $76K support despite weak US economic data

Bitcoin (BTC) briefly touched $78,000 on Thursday before retreating, as a cautious outlook from retail giant Walmart and growing expectations of tighter US monetary policy weighed on risk assets. Yet, professional traders have been quietly increasing their bullish positions, signaling confidence that the $76,000 support level can hold. Top traders turn bullish despite macro headwinds […]

Bitcoin price chart on a trading monitor with a downward trend, indicating market volatility
Bitcoin News

Bitcoin’s Coinbase premium hits six-week low, but longer-term demand shows signs of stabilization

Bitcoin’s price metric closely watched by bullish traders, the Coinbase Premium Index, fell to a six-week low on May 19, reflecting a wave of profit-taking that saw holders realize $1.14 billion in daily gains. However, beneath the surface, longer-term demand signals suggest the market may be stabilizing rather than entering a sustained downturn. Coinbase Premium […]

Senator Elizabeth Warren speaking at a Senate Banking Committee hearing on crypto regulation
Bitcoin News

Senator Warren accuses OCC chief of violating banking law with crypto trust charter approvals

Senator Elizabeth Warren has accused the acting Comptroller of the Currency, Jonathan Gould, of violating federal banking law by approving national trust charters for at least nine cryptocurrency companies. In a letter sent Monday, the Massachusetts Democrat argued that the Office of the Comptroller of the Currency (OCC) exceeded its legal authority by granting charters […]