FinovoHub

XRP gave back more of last week’s rally on Wednesday after sellers pushed the token through $1.15 support, a level traders had been watching since the recent move above $1.20. The decline came on some of the session’s heaviest volume and followed another rejection below the descending trendline that has capped every recovery attempt for months. News Background • XRP remains caught between growing…

BlackRock’s spot Bitcoin exchange-traded fund has been a gateway for new investors to enter the wider ETF market, according to Jay Jacobs, US head of equity ETFs at BlackRock.  Around three-quarters of investors in BlackRock’s iShares Bitcoin Trust ETF have never owned an ETF before, Jacobs told Cointelegraph on the Chain Reaction podcast Thursday.  “IBIT was a way for traditional investors to…

Morgan Stanley has filed an amended S-1 registration statement for its Ethereum and Solana ETFs. The filings represent another step toward launching new crypto ETFs after its spot Bitcoin ETF debut in April. Morgan Stanley Discloses Fee Details & Staking Income Metrics Both the Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust would levy a sponsor fee of 0.14% annually off the share…

US spot Bitcoin ETFs turned negative on June 17, yet fund-level flows revealed a split market, with some products still attracting fresh capital. Farside Investors recorded $82.2 million of net outflows across the US spot Bitcoin ETF group. but the split underneath that total carries more signal than the headline number. ARKB lost $43.5 million, IBIT lost $30.8 million, GBTC lost $15.5 million,…

Arca Chief Investment Officer Jeff Dorman believes that Strategy (NASDAQ: MSTR) may be forced to sell billions of dollars worth of Bitcoin or common stock to ease concerns about its STRC preferred stock. Dorman Warns Strategy May Have To Sell More Bitcoin, MSTR Stock The comments followed Strategy’s STRC preferred stock trading down to as low as $82.53 on June 18. Thereafter, it rebounded a bit…

The punishments of Alexander Mashinsky, the imprisoned former chief of Celsius until its high-profile collapse, continue with a formal banishment from any ability to seek business with the U.S. Commodity Futures Trading Commission or the trading it oversees. The derivatives regulator didn’t pile any new fines onto Mashinsky, who previously pleaded guilty to accusations he misled the public about…

Elon Musk’s SpaceX is once again gaining market attention, but this time for its debt strategy. The company’s bankers are exploring a massive $20 billion bond sale to refinance existing obligations. Notably, this follows the blockbuster IPO of the firm last week, which has crowned Elon Musk as the first trillionaire in the world. At the same time, SPCX stock has dropped sharply, signaling…

[Updated June 18 at 3:03 pm UTC: Updates with statement from Bybit beginning in the fifth paragraph.] Crypto exchange Bybit has been added to the Monetary Authority of Singapore’s (MAS) Investor Alert List, a registry designed to warn consumers about entities that may be wrongly perceived as licensed or regulated by the financial watchdog.  Bybit Fintech Limited and Bybit appeared on the MAS…

Bitcoin lending platform Ledn has expanded its services to include Tether Gold (XAUt), allowing investors to hold the tokenized asset and borrow against it in much the same way they can borrow against Bitcoin. Ledn announced Thursday that clients can use XAUt as collateral for loans instead of selling their holdings for cash. Under the company’s existing lending model, client collateral is held…

Robinhood (NASDAQ: HOOD) stock price closed trading at $105 on June 17, its highest level in almost six months, prompting Cathie Wood’s Ark Invest to book profits with a sale of 275,571 shares valued at $28.5 million. ARK’s sale did not dent the HOOD stock price rally or dent the sentiment, with Bernstein and Deutsche Bank reiterating a “buy rating” on the shares after the recent restructuring…

Bitget has revealed the biggest pain points within the job opportunities that plague the blockchain industry through its Web3 Next-Gen Talent Intelligence Report. The report draws results from the recent study done by the Blockchain4Youth (B4Y) initiative, which found that the talent pool within the Web3 industry is severely lacking. The study surveyed aspiring and early-career professionals…

The move marks a notable reversal from the start of the year, when the curve was steepening, a sign markets were pricing in rate cuts, which were then cited as a tailwind for risk assets including cryptocurrencies. That tailwind now looks like it’s fading. Here’s why the curve matters Bonds serve as one of the channels through which monetary and fiscal policies are transmitted into markets and…

CFTC Chairman Mike Selig has signaled a major push to expand crypto derivatives and other products in the U.S., emphasizing collaboration with the US SEC to end past regulatory turf wars. This comes as CME Group announced plans to sue the CFTC over the recent approval of perpetual futures contracts. CFTC Chairman Mike Selig Signals Crypto Futures and Perpetual CFTC Chairman Mike Selig revealed…

Crypto exchange Binance is reportedly seeking a pan-EU MiCA license in France after its application in Greece faces a major roadblock. ECB President Christine Lagarde played a key role in blocking the move to clear the path for Digital Euro. Binance Seeks MiCA License in France After Greek Setback According to The Big Whale report, Binance is in discussions with the AMF to secure a MiCA license…

Jack Dorsey’s financial services firm Block rolled out a new suite of AI-native tools on Wednesday, which it says can execute around 15% of all production code changes across the company.  The new AI tooling, Builderbot, is able to execute over 200,000 operations per day and merges approximately 1,500 pull requests per week, said the company.  “The best way to think about Builderbot is as the…

XRP’s push toward $1.25 ran into the same problem that has capped every rally since the spring selloff: sellers waiting overhead. After briefly trading above $1.22, the token lost the $1.20 level on heavy volume and spent the rest of the session trying to stabilize above support near $1.18. The pullback doesn’t fully undo last week’s breakout, but it does show buyers still have work to do before…

The Binance European regulatory path is back in focus as the MiCA deadline approaches, with the exchange’s EU licensing strategy becoming a key test of how global crypto platforms adapt to the bloc’s new rulebook. TL;DR Binance has been pursuing a European authorization route under the MiCA framework. The end of the EU transition period is raising pressure on exchanges that still need full…