How the war in Iran and trader positioning could be behind the surge in Circle’s stock
Shares were up another 9.7% on Monday, bringing them nearly to double over the past month.
Read MoreCrypto and stocks add to gains as Trump says Iran war could be over soon
It’s been a historic 24 hours for crude oil, which soared to $120 per barrel overnight on Iran worries, but has plunged back to just above $80.
Read MoreBitcoin could be the big winner if the U.S.-Iran conflict drags on for months
Macro strategist Mark Connors says war-driven spending, rising debt and lower interest rates could support bitcoin.
Read MoreGlobal insurance broker Aon tests stablecoin payments with Coinbase, Paxos
The firm used USDC on Ethereum and PayPal USD on Solana for insurance premium payments, testing how stablecoins could reshape settlements.
Read MoreJosh Swihart’s Zcash Open Development Lab raises $25 million in seed funding
The capital will be used to expand development of the Zcash (ZEC) protocol and its privacy-focused self-custodial mobile wallet, Zodl.
Read MoreBitcoin rises to $69,000, stocks reverse big early losses, as crude oil sinks back below $100
WTI crude oil, which soared nearly 30% to $120 per barrel overnight, has pulled back to $95, easing pressure on risk assets.
Read MoreStock market volatility hits one-year high, possibly marking bitcoin bottom
Bitcoin has its own volatility gauge (BVIV), and that spiked in early February, suggesting crypto markets may have already experienced their panic phase.
Read MoreCrypto doesn’t belong in AI portfolio as it’s ‘a different animal,’ says tech investor and former Snap exec
Former Snap strategy chief and Credit Suisse banker says crypto sits outside his AI thesis.
Read MoreCoinDesk 20 Performance Update: Avalanche (AVAX) Gains 2% as Index Trades Flat
Internet Computer (ICP), up 1.4% from Friday, was also among the top performers.
Read More‘Mini crypto winter’ nearly over, says Tom Lee as Bitmine ramps up pace of ether acquisition
The company now holds more than 4.5 million ETH, worth over $9 billion, though it is sitting on a loss of nearly $8 billion.
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