Varyante

Strategy buys 7,390 BTC for $765M, gets hit with class-action lawsuit

Strategy, formerly MicroStrategy, and the top corporate Bitcoin holder, acquired nearly $765 million of Bitcoin last week. The purchase comes as the company faces a class-action lawsuit.According to a May 19 announcement, Strategy acquired 7,390 BTC for about $764.9 million at an average price just under $103,500. Strategy reported a Bitcoin yield of 16.3% year-to-date.According to a May 19 filing with the US Securities and Exchange Commission (SEC) filing, the firm was also just hit with a clas

XRP price risks falling to $2 after classic bearish chart pattern confirms

Key takeaways:XRP could be headed lower to $2 following a breakdown of a classic head-and-shoulders pattern.Declining open interest in XRP futures signals weakening trader confidence.The XRP (XRP) price is flashing warning signs as a bearish technical pattern resolves on lower timeframes, coinciding with massive long liquidations and decreasing open interest.XRP H&S pattern hints at a 14% price dropXRP price action has formed a head-and-shoulders (H&S) pattern on its four-hour chart sinc

Australian court ruling could lead to $640M in Bitcoin tax refunds

A court decision in Australia could open the door to as much as $640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money rather than a taxable asset. On May 19, the Australian Financial Review (AFR) reported that the decision arose within a criminal case involving federal police officer William Wheatley, who allegedly stole 81.6 Bitcoin (BTC) in 2019. At the time, the assets were worth roughly $492,000. At current mar

23andMe sells its most valuable asset. Regeneron promises to keep your DNA private.

Regeneron said it will continue uninterrupted service of 23andMe’s consumer genome services after its purchase closes as expected in the third quarter of this year.

Buy any Moody’s downgrade dip in stocks, says Morgan Stanley’s now-optimistic strategist

A dip in the stock market caused by the Moody’s downgrade of the U.S. debt should be bought, according to a once-pessimistic and now seemingly bullish strategist.

Capital One’s stock looks like a bargain following Discover acquisition

Capital One will be even more focused on credit-card lending now that it has completed the Discover deal.

This veteran investor crunches the numbers and sees the risk of a full-blown bear market

Kotok in his latest email to clients walks through an estimate of just how much tariffs will take a bite out of corporate earnings.

US crypto funds top $7.5B inflows in 2025 as investor appetite grows

Crypto investment products in the United States have attracted over $7.5 billion worth of investment in 2025, with a fifth week of net positive inflows last week signaling growing investor demand for digital assets.US-based crypto investment products attracted $785 million worth of investment last week, pushing the year-to-date (YTD) total to over $7.5 billion, according to a May 19 report by digital asset manager CoinShares. The latest figure marks the fifth consecutive week of net positive flo

Here’s the secret to valuing a startup investment like a venture capitalist

Early-stage bets are, more than anything, bets on leadership. This is what to look for.

The U.S. now has a rating associated with a 1-in-100 default chance

Have a look at the default rate of sovereign issuers. Going back to 1983, precisely zero countries with a triple-A rating defaulted within 10 years of getting that gold-standard approval.

This stock trader called a bottom for the S&P 500. Here’s what he’s saying now.

Theo Trade’s Jeff Bierman: “You have to be very careful how you approach this market. I would not rule out a 2009-style flash crash.”

Revolut eyes French license and $1.1B expansion amid EU growth

Revolut, a European neobank with crypto support, plans to invest more than 1 billion euro ($1.1 billion) in France and apply for a local banking license.According to a May 19 Fortune report, Revolut representatives announced the initiative during the Choose France business summit hosted by President Emmanuel Macron in Paris. The London-based neobank also plans to set up its new European Union-serving headquarters in Paris, promising to invest 1 billion euro and hire at least 200 people within th

Dubai regulator sets compliance deadline for updated crypto rules

Dubai’s crypto regulator has given licensed digital asset companies until June 19 to comply with its updated activity-based Rulebooks to enhance market integrity and risk oversight. On May 19, Dubai’s Virtual Assets Regulatory Authority (VARA) announced that it had released Version 2.0 of the Rulebooks. The regulator said it had strengthened controls around margin trading and token distribution services, harmonised compliance requirements across all licensed activities and

Tether surpasses Germany’s $111B of US Treasury holdings

Tether, the $151 billion stablecoin issuance giant, has surpassed Germany in United States Treasury bill holdings, showcasing the benefits of a diversified reserve strategy that has helped the firm navigate the volatility of the cryptocurrency market.Tether, the issuer of the world’s largest stablecoin, USDt (USDT), has surpassed Germany’s $111.4 billion worth of US Treasurys, data from the US Department of the Treasury shows.Foreign countries by US Treasury holdings. Source: Ticdata

$107K fakeout or new all-time highs? 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week with a long-awaited breakout from a narrow trading range around $103,000. BTC price action grabs liquidity before reversing to its starting position, liquidating many an emotional trader on the way. A fakeout or a taste of things to come?The May 18  daily and weekly close nonetheless became Bitcoin’s highest ever.US trade deals remain high on the list of macro volatility triggers for risk asset traders this week.Crypto’s correlation with stoc

Crypto drainers as a service: What you need to know

What is a crypto drainer? A crypto drainer is a malicious script designed to steal cryptocurrency from your wallet. Unlike regular phishing attacks that try to capture login credentials, a crypto drainer tricks you into connecting your wallets, such as MetaMask or Phantom, and unknowingly authorizing transactions that grant them access to your funds.Disguised as a legitimate Web3 project, a crypto drainer is usually promoted via compromised social media accounts or Dis

Apple KYC glitch on Bybit draws swift executive response to recover $100K

Cryptocurrency exchange Bybit said it had involved team members, including an executive, to fix a glitch that affected a single user who could not go through an Apple-based know-your-client (KYC) system.In a May 18 X post, the Bybit China Team said it received reports about users experiencing withdrawal restrictions on the Bybit platform due to a KYC verification anomaly when logging in with an Apple ID. The team claimed to have immediately responded and taken action involving multiple departmen

Russia arrests Blum co-founder Vladimir Smerkis on fraud charges

Vladimir Smerkis, a co-founder of the Telegram-based crypto project Blum, has reportedly been arrested in Moscow, Russia, on fraud allegations, amid Blum confirming he is no longer affiliated with the project.The Zamoskvoretsky District Court of Moscow approved a request from investigators to keep Smerkis in custody while he is being investigated, Russian state-owned news outlet TASS reported on May 18.Smerkis — who previously ran operations for Binance in Russia — is suspected of co

Bitcoin impulse move toward new highs sets a fire under HYPE, ETH, XMR and AAVE

Key points:Bitcoin’s rally to $105,980 has traders predicting new all-time highs this week. Traders lift their end-of-year Bitcoin price targets to $200,000 based on technical factors and institutional investor adoption. Bitcoin (BTC) has been stuck in a narrow range for the past few days, but the rally above $105,500 on May 18 increases the possibility of an upside breakout. Popular trader Alan said in a post on X that Bitcoin could soar to $116,000 early next week.Another bullish vo

Stock futures fall after Moody’s strips U.S. of its top credit rating

Strategists warned the move, announced after the market close on Friday, could spark some near-term selling in stocks and Treasurys.