Galaxy and BitGo face off in court over failed $1.2B merger as Novogratz disputes a $100M termination fee and SEC accounting rules at trial.

An executive at tokenization platforms Superstate said the stricter approach suggested by Hester Peirce would enable DeFi to expand without compromising rules in traditional capital markets.

Galaxy Digital’s Mike Novogratz reportedly told a court the SEC made it “very difficult” to complete a planned 2021 merger with BitGo.

TradFi views the breakup of its previously consolidated, centralized liquidity as a “serious structural threat,” said Tiger Research director Ryan Yoon.

Polymarket has been blocked in India after authorities tightened enforcement against what they classify as illegal online money gaming platforms. According to an April 25 advisory issued by the Ministry of Electronics and Information Technology (MeitY), internet service providers and…

Two Philosophies, One Industry Online gambling has always had its dividing lines, but none has become more significant than the split between crypto-native platforms and traditional fiat operators. Stake.com and Bet365 sit on opposite sides of that divide, each representing the peak of their respective approach. Comparing them reveals not just the differences between two [...] The post Stake.com vs Bet365: Crypto vs Traditional — Plus ZunaBet’s Entry appeared first on Blockonomi.

Representative Nick Begich unveiled the American Reserve Modernization Act on Thursday, presenting the bill as a way for the United States to create a strategic Bitcoin (BTC) reserve and update how the federal government handles digital assets kept on the public balance sheet. The legislation would set up a “secure” Strategic Bitcoin Reserve inside the […]

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Applied Digital has signed a 15-year, take-or-pay lease at its fourth artificial intelligence (AI) Factory campus, Polaris Forge 3, with the same U.S.-based investment-grade hyperscaler that signed at Delta Forge 1 in April 2026. Applied Digital Pushes Total Contracted Revenue to $31B With Fourth AI Campus Deal Applied Digital Corp. (Nasdaq: APLD), the Dallas-based artificial […]

The delay highlights internal conflicts and potential regulatory challenges, impacting U.S. competitiveness in the global AI race. The post Donald Trump postpones AI executive order amid White House infighting appeared first on Crypto Briefing.

SpaceX's solar facility could revolutionize AI infrastructure by enabling continuous, efficient power for space-based data centers, impacting energy and tech sectors. The post SpaceX plans 10-gigawatt solar manufacturing facility near Austin appeared first on Crypto Briefing.

Mark Cuban sold 80% of his Bitcoin after it underperformed during the US-Iran crisis. Gold hit $5,000 while BTC dropped, challenging his hedge thesis. The post Mark Cuban Offloads 80% of Bitcoin Holdings After Disappointing Performance appeared first on Blockonomi.

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U.S. Securities and Exchange Commission Commissioner Hester Peirce has pushed back against expectations that the agency could soon open the door to unrestricted tokenized stock trading through a proposed “innovation exemption.” According to comments Peirce posted on X on Thursday,…

An Italian police unit cracked a tax fraud case worth over a million dollars — and at the center of it was not a secret bank account or a shell company, but Bitcoin inscriptions. Related Reading: Crypto Gains State-Level Support As South Carolina Bans Federal CBDCs A New Way To Hide Old Money Italy’s Economic […]

The Alumot division's AI focus may accelerate tech innovation in Israel, influencing both military strategies and civilian tech sectors globally. The post Israel Defense Forces unveils Alumot division for AI battlefield operations appeared first on Crypto Briefing.

Canary Capital CEO predicts XRP could reach $2.80 by year-end as ETF inflows hit $1.39B and XRPL upgrade approaches. Whales accumulate 71M tokens. The post Ripple (XRP) Could Hit $2.80 by Year-End as ETF Assets Reach $1.39 Billion appeared first on Blockonomi.

New research shows 6.04 million BTC worth $469B is vulnerable to quantum computer attacks. A startup proposes a soft fork fix before Q-Day in 2030. The post Quantum Computing Threatens $469 Billion in Bitcoin Holdings, Study Reveals appeared first on Blockonomi.

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Binance CEO Richard Teng denied WSJ sanctions claims, saying the exchange blocks sanctioned users and runs a growing compliance program now.

The European Commission has launched a broad review of the EU’s landmark crypto regulation, MiCA, signaling potential changes to rules governing stablecoins, decentralized finance ( DeFi), staking, and tokenized assets. The consultation reflects how quickly digital asset markets have evolved since the framework took effect in 2024. Europe Reassesses Crypto Framework as Crypto Adoption Accelerates […]

The exit of global buyout funds from China's data centers signals a shift towards local control and highlights geopolitical investment tensions. The post Global buyout funds exit China’s data centres with final $1B deal appeared first on Crypto Briefing.

Ethereum (ETH) trades near $2,130 with $1.7B in liquidations at risk. ETF outflows continue while analysts warn of potential drop to $1,800 if support breaks. The post Ethereum (ETH) Faces Critical $2,100 Support as $1.7B in Liquidations Loom appeared first on Blockonomi.

Bitcoin options expiry saw $1.6B in BTC contracts settle, as Greeks.live data showed lower IV, weak demand, and defensive whale positioning.

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Uncertainty surrounding the current macro environment “appears to be pushing institutions toward hedging strategies while waiting for greater clarity,” said analyst Darkfost.

Beeple's ability to capture the chaotic zeitgeist of the crypto industry is unparalleled.

Bitcoin (BTC) falls to $76K monthly low amid institutional selling, $1.3B ETF outflows, and geopolitical uncertainty. Coinbase premium hits lowest point. The post Bitcoin (BTC) Tumbles to $76K as Institutions Dump Holdings and ETF Outflows Accelerate appeared first on Blockonomi.

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Jane Street allegedly used insider info from secret Telegram group to dump $192M in UST before Terra's collapse, profiting $134M. Court filings reveal details. The post Jane Street Accused of Using Inside Knowledge to Exit Terra (LUNA) Before $40B Collapse appeared first on Blockonomi.

Bitcoin’s Coinbase premium has fallen to its lowest level this month, adding to signs that institutional investors in the U.S. have continued selling the flagship crypto while spot demand weakens. According to data shared by CryptoQuant analyst Darkfost, the Coinbase…

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Thin market liquidity heightens volatility risks, potentially triggering widespread asset selloffs, impacting both forex and crypto markets. The post Yen traders brace for intervention risk as holidays drain market liquidity appeared first on Crypto Briefing.

Lehane's state-focused strategy could shape AI's regulatory landscape, impacting investment dynamics and potentially benefiting larger firms. The post OpenAI’s Chris Lehane seeks to address AI’s reputation crisis appeared first on Crypto Briefing.

The entity acquired its BTC stash at prices of almost $120,000, but might be selling at a heavy loss now.

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Sandbox co-founder’s wife escaped failed crypto-linked kidnapping in France as police and firms tighten wrench attack defenses globally now.

The US-Iran peace talks could reshape global risk dynamics, impacting energy prices, equity markets, and the role of crypto in sanctions. The post Asia-Pacific markets set to open higher as US-Iran peace deal talks lift risk appetite appeared first on Crypto Briefing.

The SEC's narrow exemption for onchain equity products may limit innovation but provides a controlled environment for regulatory data collection. The post SEC’s Hester Peirce expects innovation exemption to apply narrowly to onchain equity products appeared first on Crypto Briefing.

Kucoin has unveiled a product allowing users to unlock liquidity by borrowing against high- liquidity crypto assets while their pledged collateral simultaneously continues to earn passive yield. The Shift to Capital Hubs Reflecting a broader industry shift from simple order-matching to advanced capital management, Kucoin has introduced an integrated “earn-and-loan” solution. The product eliminates a […]

The end of the week is upon us again, with another crypto options expiry event as spot markets continue to correct.

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The decline in housing starts signals potential economic slowdown, affecting construction, materials demand, and possibly influencing Fed policies. The post US single-family housing starts drop 9% in April amid market pressures appeared first on Crypto Briefing.

[PRESS RELEASE – Abu Dhabi, UAE, May 22nd, 2026] Up to $10 million buyback program designed to strengthen long-term token circulation structure and support sustainable ecosystem operations. Nexpace, the Abu Dhabi-based blockchain company behind MapleStory Universe (MSU), today announced the launch of an NXPC buyback program of up to $10 million. The initiative is intended […]

CertiK reported earlier this month that criminal wrench attack teams usually consist of three to five people and are often made up of amateurs, while the masterminds are outside the country.

U.S. lawmakers introduce ARMA to create a strategic Bitcoin reserve, hold BTC for 20 years, and study budget-neutral reserve purchase plans.

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The CEO of Coinbase has revealed that the platform’s recent AI upgrade has provided “huge efficiency unlocks” in various workflows. Coinbase Is Using AI In High-Stakes Compliance Workflows In an X post, Coinbase co-founder and CEO Brian Armstrong has talked about how the company has seen “great results” from using AI for updating how it […]

PRESS RELEASE. Victoria, Seychelles, May 21, 2026 — Bitget, the world’s largest Universal Exchange (UEX), announced today the start of its second-year partnership in support of the UNICEF Game Changers Coalition (GCC). The coalition, which has reached over 642,000 young people, parents, and teachers across eight countries since launch, is entering a new phase of […]

The EU's temporary exemption highlights the delicate balance between enforcing sanctions and maintaining industrial stability amid supply chain dependencies. The post European Union to propose temporary exemption on China chips as automakers warn of production shutdowns appeared first on Crypto Briefing.

The deactivation of Starlink terminals highlights the dual-edged nature of technology in warfare, impacting both military strategy and market dynamics. The post Ukraine retakes 400 square kilometers after Russian Starlink terminals deactivated appeared first on Crypto Briefing.

SpaceX's commitment to fund its own power upgrades sets a precedent for tech giants, potentially reshaping corporate responsibility norms. The post SpaceX pledges to cover power grid upgrade costs for data centers appeared first on Crypto Briefing.

Harvard exited its $87M Ethereum ETF stake in Q1 and cut Bitcoin ETF holdings, SEC filings show, as ETH faces market and EF pressure in May.

Ethereum has lost more than 12% of its value over the past ten days as selling pressure has overwhelmed the recovery that briefly carried the asset toward $2,400. The decline has been sustained and consistent — not a single sharp event but a series of lower highs and lower lows that have eroded the confidence […]

Foundation, the Boston-based bitcoin hardware wallet company, has closed a $6.4 million funding round led by Fulgur Ventures to expand its security platform beyond self-custody into identity, multi-factor authentication, and artificial intelligence (AI) agent authorization. Fulgur Ventures Backs Foundation $6.4M to Secure the Agentic Era With Passport Prime Arche Capital also participated in the round, […]

Investors face increased risk as AI-driven growth disparities among tech giants necessitate careful evaluation of individual company strategies. The post Magnificent Seven reports AI-driven earnings amid mounting market pressures appeared first on Crypto Briefing.

Anthropic's potential use of Microsoft's AI chips could enhance AI model efficiency and bolster Microsoft's position in the custom chip market. The post Anthropic in talks to rent Microsoft AI chips amid rising demand for compute appeared first on Crypto Briefing.

CME's XRP futures generated nearly $63 billion in trading volume during their first year.

The rising costs of AI infrastructure, driven by memory price surges, could reshape profit distribution and investment strategies in tech sectors. The post Nvidia’s Vera Rubin rack priced at $7.8M, nearly double the Blackwell generation appeared first on Crypto Briefing.

The significant drop in illegal crossings and rise in self-deportations under Trump could reshape U.S. immigration policy and influence crypto remittances. The post DHS reports 3M illegal immigrant departures, 94% drop in crossings under Trump appeared first on Crypto Briefing.

Fantasy.top, Everclear and ZERO Network announced they were winding down on Thursday, adding to a growing list of crypto companies that have closed this year.

Under the American Reserve Modernization Act of 2026, Bitcoin must be held for a minimum of 20 years unless used to slash national debt.

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Anthropic's growth signals a shift in AI market dynamics, potentially reshaping competitive landscapes and influencing investor strategies. The post Anthropic Q2 revenue projected to surge to $10.9B, nearing profitability appeared first on Crypto Briefing.

The integration enhances productivity and positions OpenAI as a key player in enterprise solutions, potentially boosting investor interest. The post ChatGPT integrates with Microsoft PowerPoint for seamless presentation editing appeared first on Crypto Briefing.

The executive order accelerates banks' crypto integration, potentially reshaping global finance and increasing digital asset adoption. The post BitGo’s Luis Ayala says Trump’s executive order pressures banks to adopt Bitcoin appeared first on Crypto Briefing.

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The AI remix tool could redefine music industry dynamics, fostering innovation and new revenue streams while challenging traditional copyright norms. The post Spotify and Universal Music Group launch AI remix tool for fan covers appeared first on Crypto Briefing.

Coinbase Derivatives is bringing perpetual-style equity index futures to U.S. regulated markets on June 8, giving traders direct exposure to artificial intelligence (AI), Chinese equities, defense, and broad tech through four new thematic contracts. U.S. Traders Get Regulated Equity Perps From Coinbase Derivatives on June 8 The exchange announced the launch on Thursday. “We’re adding […]

Trump Media's Bitcoin strategy highlights the volatility and risks of digital asset investments, impacting corporate financial stability and rankings. The post Trump Media moves $205 million in Bitcoin to Crypto.com amid mounting losses appeared first on Crypto Briefing.

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Workday's success suggests AI can enhance legacy software value, alleviating investor concerns about AI-induced obsolescence in enterprise tech. The post Workday posts better-than-expected results, easing AI disruption fears appeared first on Crypto Briefing.

The CLARITY Act's passage could position the US as a leader in digital asset regulation, fostering innovation and market stability. The post Sen. Cynthia Lummis advocates for CLARITY Act to ensure digital asset regulation appeared first on Crypto Briefing.

Coinbase's thematic perpetual contracts could democratize access to diverse global sectors, enhancing market liquidity and trading flexibility. The post Coinbase launches thematic perpetual contracts for AI, China, and US security sectors appeared first on Crypto Briefing.

XRP is one of the most debated cryptocurrencies, but crypto analyst Cryptollica believes the part most traders are missing is not only on the XRP/USD chart. In a new analysis shared on X, the analyst pointed to the XRP/NVIDIA ratio as a deeper signal of how much capital has ignored XRP and crypto while crowding […]

Google's global expansion of AI creative tools could reshape content creation, challenging industry leaders and altering creative workflows. The post Google Flow expands globally, introduces Gemini Omni and new music features appeared first on Crypto Briefing.

Ripple Prime added EDX liquidity to give institutional clients unified access to digital asset spot and perpetual futures markets. The integration combines trading, credit, net settlement, and collateral tools within Ripple Prime’s brokerage platform. Ripple Prime Adds EDX Liquidity for Institutions Ripple announced on May 19 that Ripple Prime integrated with EDX Markets and EDXM […]

Binance's move democratizes access to pre-IPO speculation, potentially increasing market participation but also amplifying volatility risks. The post Binance enables retail users to trade pre-IPO pricing expectations with new perpetual contracts appeared first on Crypto Briefing.

JPMorgan's AI focus may reshape workforce dynamics, emphasizing tech roles over traditional banking, impacting job structures and cost efficiency. The post JPMorgan plans to hire more AI experts, fewer bankers appeared first on Crypto Briefing.

RLUSD's rapid growth underscores the increasing demand for regulated stablecoins, potentially boosting Ripple's cross-border payment solutions. The post Ripple’s RLUSD onchain market cap hits all-time high of $1.7B appeared first on Crypto Briefing.

Bitcoin has lost the $80,000 level as the market faces indecision that has left bulls and bears in a genuine standoff, with buyers fighting to hold above $75,000 against a backdrop of uncertainty that has made directional conviction difficult to sustain. The price is under pressure — but a CryptoOnchain report has surfaced a macro […]

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Market optimism from potential US-Iran diplomacy could lower energy costs, benefiting consumers but challenging US shale producers. The post S&P 500 rises as hopes for US-Iran deal boost market optimism appeared first on Crypto Briefing.

Workday's margin forecast boost and AI-driven efficiency highlight its potential for sustainable growth amidst competitive pressures. The post Workday raises margin forecast, shares jump 10% on strong earnings appeared first on Crypto Briefing.

Iran's formalized transit fees in the Strait of Hormuz could elevate global oil prices, impacting economies reliant on Middle Eastern oil. The post Iran formalizes transit fee mechanism for ships in Strait of Hormuz, with crypto payments on the table appeared first on Crypto Briefing.

The Pentagon's AI model shift highlights tensions between ethical AI development and military demands, impacting future defense tech collaborations. The post Pentagon tests rival AI models to replace Anthropic’s Claude in military workflows appeared first on Crypto Briefing.

The modest output increase amid significant supply disruptions highlights the volatility and unpredictability of global oil markets. The post OPEC+ leaders expected to raise July oil output target by 188,000 bpd appeared first on Crypto Briefing.

The rush to file for compute futures ETFs highlights Wall Street's eagerness to capitalize on emerging tech markets, despite regulatory uncertainties. The post OK Computer Power ETF files third application for compute futures that don’t exist yet appeared first on Crypto Briefing.

Record Dow close amid falling oil prices suggests potential easing of inflation pressures, impacting Fed policy and market dynamics. The post Dow Jones Industrial Average hits record close as oil prices fall on Iran deal hopes appeared first on Crypto Briefing.

Coinbase's launch could revolutionize equity trading by enhancing liquidity and efficiency, but regulatory changes may impact its long-term viability. The post Coinbase launches perpetual-style equity index futures on June 8 appeared first on Crypto Briefing.

Yakovenko's view suggests that SOL's currency role has minimal impact on its value, emphasizing liquidity's importance over token denomination. The post Solana co-founder Toly says SOL’s role as currency is ‘generally net zero’ appeared first on Crypto Briefing.

The rally suggests a shift in investor focus towards traditional equities, potentially indicating a preference for stability over tech and crypto. The post Dow Jones, S&P 500, and Nasdaq all close higher as broad rally continues appeared first on Crypto Briefing.

Hyperliquid’s native token, HYPE, pushed to a fresh all-time high near $63 on Thursday, while Zcash (ZEC) also continued working its way toward its current record levels.  HYPE’s momentum has been especially strong over the longer view compared to its market peers, recording about a 45% gain on the monthly time frame. Zcash has been […]

XRP and RLUSD were described as serving separate XRP Ledger roles, with XRP routing trades and RLUSD supporting dollar-based transactions. Evernorth’s Sagar Shah described XRP as an intermediary asset that routes trades in the background, while stablecoins remain tied to issuer requirements and compliance obligations. XRP Ledger Routing Structure Separates XRP From RLUSD As tokenized […]

The surge in natural gas projects highlights the tension between AI's growing energy demands and the sustainability goals of tech giants. The post Gas files for 44.9 GW of new plants as renewables face reliability challenges appeared first on Crypto Briefing.

The Pentagon's loan reconsideration could undermine U.S. efforts to reduce reliance on Chinese minerals, affecting future federal investments. The post Pentagon reconsiders $80M loan to ReElement Technologies, igniting White House tensions appeared first on Crypto Briefing.

TLDR: Binance Pool miner reserves are declining, showing operational selling pressure remains active in the market. The MPI staying negative confirms miners are selling below historical averages, reducing sharp dump risks. A Puell Multiple below 1.0 shows miner revenues remain historically weak, reflecting ongoing financial stress. Combined on-chain data suggests Bitcoin faces continued sideways consolidation [...] The post On-Chain Data Reveals Bitcoin Miners Are Not Yet Convinced the Market Has Reached Its Bottom appeared first on Blockonomi.

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TLDR: Anchorpoint Financial completed HKDAP’s Ethereum mainnet transfer test with OSL and PantherTrade in May 2026.  Every minted HKDAP token was fully backed by reserve assets and redeemed after the transfer test concluded.  OSL Group will leverage StableHub, BizPay, and Banxa infrastructure to support phased HKDAP issuance.  HKDAP phased issuance is set to begin by [...] The post Hong Kong’s HKDAP Stablecoin Passes Ethereum Mainnet Test Ahead of Q2 2026 Launch appeared first on Blockonomi.

Google's AI-driven search overhaul could disrupt web traffic dynamics, challenge standalone apps, and influence AI-related digital assets. The post Google unveils major search overhaul with AI-driven features at I/O 2026 appeared first on Crypto Briefing.

The sanctions highlight increased US efforts to disrupt Hezbollah's influence, emphasizing personal accountability and global cooperation. The post US sanctions nine individuals for enabling Hezbollah’s actions against Lebanese sovereignty appeared first on Crypto Briefing.

The AI shift is reshaping the mining landscape, creating opportunities for dedicated Bitcoin miners to expand amid reduced hardware costs. The post American Bitcoin notes AI boom softens ASIC market as miners pivot appeared first on Crypto Briefing.

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A prolonged Strait of Hormuz closure could severely disrupt global oil supply, leading to economic instability and potential recessionary impacts. The post Rapidan Energy Group warns Strait of Hormuz closure could trigger recession rivaling 2008 appeared first on Crypto Briefing.

Data show Bitcoin futures traders are pursuing overhead short positions, raising the chance of a rally to $80,000.

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TLDR: Strategy now holds 843,738 BTC, adding nearly 25,000 coins last week at over $80,000 per coin. Spot ETFs absorbed ~19,000 BTC across April, with single-session inflows hitting $630M on May 1st. Forty-seven dormant wallets have moved 38,400 BTC in 2026 — equal to three full months of ETF demand. Once old-whale distribution exhausts itself, [...] The post Bitcoin Supply Squeeze Tightens as Institutional Demand Meets Old-Whale Selling appeared first on Blockonomi.

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AI-driven job losses could destabilize the financial system, prompting unprecedented monetary responses and impacting cryptocurrency markets. The post Arthur Hayes warns AI could trigger new subprime crisis appeared first on Crypto Briefing.

Ford's strategic pivot into energy storage could redefine its profitability landscape, leveraging AI-driven demand for sustainable growth. The post Ford capitalizes on AI boom with new energy storage division appeared first on Crypto Briefing.

Bermuda's onchain economy could redefine national financial systems, showcasing stablecoins as viable infrastructure for global adoption. The post Bermuda is building the world’s first onchain national economy, and Circle is helping wire it up appeared first on Crypto Briefing.

The proposed transit fees could disrupt global energy markets, increase shipping costs, and potentially boost cryptocurrency demand. The post Iran and Oman in talks to impose permanent transit fees on Strait of Hormuz shipping appeared first on Crypto Briefing.

Amkor's strategic partnership with AMD and expansion in Arizona could bolster U.S. semiconductor manufacturing, impacting global tech dynamics. The post Amkor Technology partners with AMD on chip packaging, targets $9.5B revenue by 2028 appeared first on Crypto Briefing.

US sanctions strain crypto markets, increasing compliance costs and potentially reducing stablecoin liquidity in Lebanon and neighboring regions. The post US sanctions nine individuals for supporting Hezbollah’s actions in Lebanon appeared first on Crypto Briefing.

The depletion of THAAD interceptors exposes a critical vulnerability in US defense readiness, risking future strategic deterrence capabilities. The post US burns through half its THAAD interceptor stockpile defending Israel against Iran appeared first on Crypto Briefing.

Morgan Stanley’s early Bitcoin ETF demand came largely from self-directed investors rather than financial advisors, according to Amy Oldenburg, the firm’s head of digital asset strategy. The comments add nuance to how one of Wall Street’s largest wealth and asset management platforms is seeing Bitcoin exposure enter its ecosystem. Speaking with Nate Geraci on the […]

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A total of more than 67 million Americans, or 1 in 4 adults, now own crypto as adoption spreads across income, age, and work groups, according to the National Cryptocurrency Association. The report found 90% expect to buy within the next year, and 77% said crypto improved their lives. Crypto Holders Broaden Across Income, Age, […]