News & Research

Cryptocurrency ETP issuer 21Shares has filed for a HYPE x2 ETF that seeks to track twice the daily price movement of Hyperliquid, Bloomberg ETF analyst James Seyffart reported via X.

Coinbase CEO Brian Armstrong predicted on X that within the next 10 years, cryptocurrency will become fully integrated into daily life. He suggested that users will enjoy its convenience without being aware of its underlying presence, adding that truly innovative technology works invisibly. Armstrong explained that experiencing the benefits of a technology is more important than understanding its inner workings.

President Donald Trump said he is considering arranging separate meetings with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy, noting that the two leaders do not get along well. Trump added that he would probably meet with Putin within two weeks, Walter Bloomberg reported.

The spot price of gold has set another record high, touching $4,300 per ounce.

A bill has been introduced in Florida that would permit a portion of the state's public funds to be invested in Bitcoin and other digital assets, Crypto Briefing reported. The legislation, House Bill 183 (HB183), was proposed by Representative Webster Barnaby. It would authorize the state's Chief Financial Officer (CFO) and the State Board of Administration to invest in and manage Bitcoin and digital asset exchange-traded products (ETPs).

U.S. real estate investment firm Cardone Capital has purchased an additional 200 BTC, valued at $216 million, Crypto Briefing reported. The move follows an announcement by the firm in April that it was creating a new fund composed of 10 real estate properties to facilitate BTC purchases.

Binance founder Changpeng Zhao (CZ) has hit back at criticism from gold advocate Peter Schiff regarding Bitcoin. In a post on X, the Binance co-founder stated that Schiff has only been correct for one percent of Bitcoin's 16-year history. He added that during this period, the cryptocurrency rose from $0.004 to $110,000. Schiff had previously argued that a recent surge in spot gold proves Bitcoin is not digital gold, claiming the cryptocurrency could hit bottom at any time and that the current bear market would be brutal.

Anchorage Digital, a crypto custody and banking firm with a U.S. federal banking charter, announced on Thursday the launch of its global U.S. dollar transfer service. In a statement, the company described itself as the first crypto-native institution to offer both cash and cryptocurrency services on a federally regulated platform.

Bitcoin's short-term weakness is primarily due to contracting liquidity in the risk-asset market, according to an analysis by CoinDesk. The report notes that while safe-haven assets like gold and silver continue to set new record highs, Bitcoin has been unable to reverse its daily declines, falling below the $109,000 level. While last week's crash could be viewed as an unwinding of excessive market leverage, CoinDesk suggests the persistent downward pressure indicates that liquidity is tightening across the financial system, which weakens investor appetite for risk assets. As evidence, the analysis highlights that the spread between the U.S. Secured Overnight Financing Rate (SOFR) and the Effective Federal Funds Rate (EFFR) widened from 0.02 to 0.19 in one week, which it described as a clear signal of contracting liquidity.

In a report published last month, global accounting firm KPMG assessed that stablecoins could reduce cross-border payment costs by up to 99%. According to CoinDesk, the report noted that global banks currently rely on the SWIFT interbank messaging network to process cross-border payments, which moves around $150 trillion annually. This system, however, takes two to five days to settle transactions, involves multiple intermediaries, and costs an average of $25 to $35 per transaction. KPMG stated that stablecoins can shorten settlement times to minutes or seconds while cutting costs by as much as 99%. The report added that some major financial institutions are already attempting value transfers via blockchain, citing JPMorgan as a good example.