Live updates: Bitcoin trades near $86,000 as U.S. stocks post small gains
WTI crude oil drops to $89 as reports suggest Iran could reopen the Strait of Hormuz within seven days.
Source-backed coverage
Permanently retained stories with extracted source text and completed, source-grounded AI summaries.
WTI crude oil drops to $89 as reports suggest Iran could reopen the Strait of Hormuz within seven days.
Federal prosecutors in Manhattan and the Justice Department are said to be investigating whether the crypto exchange knowingly permitted users to bypass U.S. sanctions on Iran.
Glassnode’s Altcoin Cycle Signal printed a new altseason signal after a month of Bitcoin and altcoin market-cap gains.
Bitcoin traded near $86,000 as major altcoins gained, while rising derivatives leverage pointed to growing speculative activity across crypto markets.
Animoca Brands announced the suspension of its talks with Currenc Group regarding a proposed reverse merger that would have resulted in the company being listed on Nasdaq, citing incompatible timelines for the deal. The agreement, which was initially discussed late last year, would have given Animoca a 95% stake in the combined entity. Despite the suspension, Animoca stated that it remains fully committed to pursuing a listing on a major public exchange and will continue exploring suitable options. Currenc Group's shares closed at $3.23 on Monday, with a slight increase before dropping 0.93% in after-hours trading.
White hats secured about 40% of the Bitcoin moved in the Coldcard exploit’s second wave, transferring it to a Wyoming trust for victims.
Solstice CEO Ben Nadareski says deeper liquidity and growing institutional participation could make future crypto bull runs less volatile than previous cycles.
U.S.-listed spot Bitcoin ETFs drew nearly $1 billion, specifically $998.95 million, on Monday, marking their largest daily inflow since October 6, 2025, when Bitcoin hit a record high of around $126,200. The inflow was led by BlackRock’s IBIT with $381.37 million, followed by Ark’s ARKB with $289.12 million and Fidelity’s FBTC with $238.84 million. The Monday inflow contributed to a month-to-date total of $1.31 billion, despite a year-to-date decline of $450 million. Overall, Bitcoin has surged 44% this quarter to $85,000, outperforming other major assets.
US spot Bitcoin ETFs drew nearly $1 billion on Monday, their largest daily inflow since October 2025, as Bitcoin briefly climbed above $87,000.
Animoca Brands suspended its reverse merger talks with Currenc but said it remains committed to pursuing a listing on a major exchange.
According to Galaxy Digital, the good guys have moved 52 BTC to an address carrying an OP_RETURN message reading "claim:cryptorecoverytrust dot com."
Treasury named AI among five major transitions expected to reshape Australia’s economy, while Coinbase says the report overlooks the digital financial infrastructure AI agents could eventually need.
Elon Musk's X has introduced a feature allowing U.S. users to view real-time charts and initiate trades for cryptocurrencies like Bitcoin ($BTC) and stocks such as Tesla ($TSLA) using cashtags, with transactions completed through partner platforms including Coinbase, Kraken, Gemini, Moomoo, and Interactive Brokers. This development aims to make X a more comprehensive financial hub by connecting market discussions directly with trading services, though X itself does not facilitate trading. Users can now quickly convert market chatter on their timeline into trades by tapping the "Trade" button, which redirects them to partner platforms. X emphasizes that it remains a social media platform, with the actual transactions occurring at the partner exchanges. The feature builds on X’s existing use of cashtags, now enhanced with real-time prices and charts to "close the gap between a ticker on the timeline and the market itself," according to X's product engineering lead.
A wave of forced buying that cost short sellers $844 million has run its course, leaving the largest cryptocurrency flat over the past hour and ZEC the only major token in the red.
The official x402 kit now includes Cardano tools for apps and AI agents to pay with ADA and other network tokens, though the facilitator has so far only been tested on pre-production.
Trueo said Base was the right choice when it launched, as Ethereum gas fees were higher, but said mainnet now offers greater integration potential.
Kakao Pay and KakaoBank are exploring digital asset opportunities with Fireblocks, including infrastructure for stablecoins.
The investigation is reportedly examining whether Binance knowingly allowed trading that violated US sanctions on Iran, months after reports first revealed a Justice Department probe.
Bitcoin’s price surged past $82,000, reaching a fresh eight-month high of $86,000, after liquidating approximately $750 million in bearish positions, which contributed to upward momentum. Since the breakout, open interest in bitcoin futures increased by roughly $2 billion, indicating that traders are adding new leveraged bets despite some recent outflows in spot ETF flows. Analysts suggest that the next levels to watch are around $87,000 and $90,000, with some viewing a test of $90,000 as possible. However, experts warn that sustained demand in the spot market and ETF flows will be crucial to determine if the rally has lasting power, especially since rapid leverage buildup can pose risks if underlying demand does not keep pace.
Saudi Arabia has left mBridge, a cross-border CBDC platform that has drawn scrutiny from US policymakers, according to the Financial Times.
According to TD Cowen, despite the SEC establishing a five-year framework for tokenized stock trading, there is limited expected demand among U.S. investors, who already have efficient access to stocks through traditional means. The firm notes that tokenized venues must offer significant benefits to justify challenges related to liquidity and operational complexity, and that issuer interest in tokenization remains minimal outside crypto-adjacent companies like Figure. Additionally, firms such as Figure see the majority of trading volume in their stocks still occurring through traditional shares, with tokenized versions comprising a negligible portion. TD Cowen also highlights that, for crypto traders, perpetual futures—particularly in relation to stocks like Nvidia—pose a more significant demand story than tokenized spot products.
Ondo’s new in-kind conversion system allows approved institutions to mint and redeem tokenized stocks and ETFs using the underlying securities instead of cash.
The digital asset-aligned PAC joined other groups to spend more than a combined $300 million in the 2024 Ohio Senate race, resulting in Sherrod Brown’s loss to Bernie Moreno.
Circle is bringing Bitcoin-backed borrowing to institutional clients, allowing them to tap BTC holdings for USDC liquidity without selling their Bitcoin.