Bitcoin (BTC) briefly recovers $73,000
Bitcoin (BTC) briefly recovered the $73,000 level. As of 00:35 on the 5th, BTC is trading at $73,117.82 on Binance’s Tether (USDT) market, up 7.54% from the previous day.
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JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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Fallout from a Hormuz closure…Concerns Gulf oil producers’ crude storage could hit capacity
Crude shipments through the Strait of Hormuz have been halted due to the conflict involving Iran, and Gulf oil producers’ storage facilities are reportedly nearing capacity at a rapid pace. According to Walter Bloomberg on the 4th (local time), Iraq
3.4PiCKIran: "Not true that Intelligence Ministry sought contact with the CIA"
The Iranian government has denied reports that its Intelligence Ministry contacted the U.S. Central Intelligence Agency (CIA) to try to initiate negotiations. According to Walter Bloomberg on the 4th (local time), Iranian authorities said claims that
3.4New York stocks close lower… Nasdaq down 1.02%
The three major U.S. stock indexes closed lower. On the 4th, the Nasdaq Composite Index fell 1.02% from the previous session to 22,516.69. The Dow Jones Index ended down 0.83% at 48,501.27, while the S&P 500 Index finished 0.94% lower at 6,817.13.
3.3Indiana governor signs bill allowing public pension funds to invest in digital assets
According to Bitcoin Magazine, a U.S. media outlet specializing in digital assets (cryptocurrencies), the governor of Indiana has signed legislation (Bill 1042) granting public pension funds the option to invest in digital assets on the 3rd (local ti
3.3PiCKRay Dalio: “Bitcoin (BTC) can’t compete with gold”
Ray Dalio, a heavyweight in the U.S. hedge fund industry, said Bitcoin (BTC) struggles to compete with gold. According to crypto-focused media outlet U.Today on the 3rd (local time), Dalio appeared on a podcast and said, “Because of structural flaws
3.3New York stocks turn lower…Nasdaq down 1.20%
The three major U.S. stock indexes are trading lower. As of 04:38 on the 4th, the Nasdaq Composite is down 1.20% from the previous session at 22,475.82 points. The Dow Jones Industrial Average is down 0.90% at 48,464.62, while the S&P 500 is down 1.0
3.3U.S. Weighs Military Escort for Tankers in Strait of Hormuz
The U.S. government is reported to be reviewing a plan for the U.S. military to escort oil tankers and gas carriers transiting the Strait of Hormuz. The move follows disruptions to maritime transport driven by threats from Iran, which have pushed up
3.3Transport payments firm TCS to support PayPal PYUSD payments
TCS Blockchain, a provider of blockchain solutions for the transportation sector, is adopting PayPal’s stablecoin PYUSD. According to crypto news outlet The Block on the 3rd (local time), TCS Blockchain plans to use PYUSD to support same-day financin
3.3FATF: “Stablecoins increasingly used to evade sanctions and launder money”
The Financial Action Task Force (FATF) warned in a recent report that cases of stablecoins being used to evade sanctions and launder money are on the rise. According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), the F
3.3Mizuho raises Circle price target to $100
Global brokerage Mizuho Securities has raised its price target for stablecoin issuer Circle. It maintained its rating at Neutral. According to crypto-focused media outlet CoinDesk on the 3rd (local time), Mizuho lifted Circle’s price target to $100 f
3.3Trump: Oil prices could fall even further than before if the war ends
U.S. President Donald Trump said international oil prices could drop below their previous levels if the war with Iran comes to an end. According to Walter Bloomberg on the 3rd (local time), President Trump said, "Oil prices may rise briefly, but ulti
3.3Value of Trump’s cryptocurrency holdings plunges 94%
According to Watcher Guru on the 3rd (local time), the value of U.S. President Donald Trump’s virtual-asset (cryptocurrency) holdings has fallen 94%. Arkham data show that the value of Trump’s virtual-asset portfolio stood at about $11.49 million at
3.3"Harvard Cut Bitcoin Spot ETF Holdings by 21%... Not an Exit but Risk Management"
Harvard Management Company (HMC), Harvard University's investment arm, reduced its holdings of bitcoin spot exchange-traded funds (ETFs) by about 21% in the fourth quarter of last year, and an analysis said the move should be viewed as risk managemen
3.3U.S. CFTC Chair: "Guidelines for Crypto Perpetual Futures to Be Released Soon"
According to CoinDesk, a U.S. cryptoasset (cryptocurrency) media outlet, on the 3rd (local time) Michael Selick, Chair of the U.S. Commodity Futures Trading Commission (CFTC), said the agency plans to announce regulatory guidelines for crypto perpetu
3.3"Bitcoin Could Slide Further if U.S.-Iran Tensions Escalate"
Carolane De Palmas, an analyst at online broker ActivTrades, said Bitcoin (BTC) could decline further if tensions between the U.S. and Iran escalate. According to Walter Bloomberg on the 3rd (local time), she noted the risk of further losses, saying
3.3PiCKCFTC Chair: ‘Rules for prediction markets are coming’…ANPRM to be pursued
On the 3rd (local time), The Block reporter Sarah Wynn reported that U.S. Commodity Futures Trading Commission (CFTC) Chair Michael Selig signaled the introduction of regulations related to prediction markets. Selig said he plans to pursue an Advance
3.3"Iran sees surge in crypto transfers whenever geopolitical crises erupt"
An analysis has found that Iran’s virtual asset (cryptocurrency) market has shown a pattern of sharp increases in trading volume and on-chain transfers whenever geopolitical crises occur. According to crypto-focused media outlet The Block on the 3rd
3.3PiCKU.S. stocks end mixed…Nasdaq up 0.36%
The three major U.S. stock indexes closed mixed. The Nasdaq Composite rose 0.36% from the previous session three days earlier to 22,748.86 points. The Dow Jones Industrial Average fell 0.15% to 48,904.78, while the S&P 500 finished up 0.01% at 6,879.
3.2Iran’s Revolutionary Guard warns of "closure of the Strait of Hormuz"… threatens attacks on ships
According to Walter Bloomberg, an overseas economic breaking-news channel, on the 2nd (local time), a senior official of Iran’s Islamic Revolutionary Guard Corps (IRGC) made an official statement that it would close the Strait of Hormuz, issuing a wa
3.2New York stocks turn higher…Nasdaq up 0.41%
All three major U.S. stock indexes are trading higher. The Nasdaq Composite was up 0.41% from the previous session at 22,760 points as of 05:07 on the 3rd. The Dow Jones Industrial Average was up 0.02% at 48,988.12, while the S&P 500 was up 0.15% at
3.2Yellen: Iran clash could delay Fed rate cuts
Former U.S. Treasury Secretary Janet Yellen said spillovers from the Iran conflict could push back the timing of Federal Reserve (Fed) interest-rate cuts. According to Walter Bloomberg, an overseas breaking economic news channel, on the 2nd (local ti
3.2U.S. Department of Justice indicts Paxful co-founder Ray Youssef
The U.S. Department of Justice has indicted Ray Youssef, co-founder of the P2P virtual asset (cryptocurrency) exchange Paxful, on charges of violating anti-money laundering (AML) and licensing requirements. According to virtual asset media outlet BeI
3.2"Bitcoin (BTC) panic selling eases amid Middle East tensions… focus on clearing $71,500"
Bitcoin (BTC) has rebounded to around the $70,000 level despite geopolitical tensions in the Middle East, with analysts saying selling pressure has eased markedly. On the 2nd (local time), cryptocurrency-focused media outlet Cointelegraph, citing on-
3.2CME Group: Average Daily Open Interest in Crypto Assets Reached $25 Billion Last Year
CME Group announced that last year the average daily open interest in its crypto asset (cryptocurrency) futures and options suite—including Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP (XRP)—reached about $25 billion. According to crypto-focused
3.2US Congress to Resume Talks This Month on Crypto Market Structure Bill
Eleanor Terrett, host of Crypto in America, said on the 2nd (local time) via her X (formerly Twitter) that discussions in the US Congress on a digital asset (cryptocurrency) market structure bill—the CLARITY Act—are expected to resume later this mont
3.2U.S. court rejects Trump administration request to delay tariff refund litigation
According to Solid Intel on the 2nd (local time), a U.S. court rejected the Donald Trump administration’s request to delay procedures in litigation over tariff refunds. Previously, the Trump administration had asked the court to slow down proceedings
3.2Trump: “Iran Nuclear Weapons Unacceptable… Military Action Inevitable”
U.S. President Donald Trump said in a televised address from the White House that the United States is carrying out a large-scale military operation against Iran. According to Walter Bloomberg on the 2nd (local time), Trump said Iran “refused to halt
3.2US CFTC Appoints Former Federal Prosecutor and Digital-Asset Specialist David Miller as Director of Enforcement
According to crypto-focused media outlet The Block on the 2nd (local time), the US Commodity Futures Trading Commission (CFTC) appointed former federal prosecutor David Miller as Director of Enforcement. Miller is known for having primarily handled d
3.2Bitcoin (BTC) briefly recovers $70,000
Bitcoin (BTC) briefly regained the $70,000 level. As of 01:51 on the 3rd, BTC is trading at $70,056 on Binance’s Tether (USDT) market, up 5.35% from the previous day.
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