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US banks “reduced” their credit risk after 2008 by shifting more of it to nonbank lenders.
Since 2008, banks have shifted a growing share of their lending to nonbanks like private credit funds, making it their fastest-growing loan category.
That shift doesn’t signal another 2008-style crisis today, but it does show where trouble could surface first if private credit starts to crack.
This week,...
Hyperliquid’s HYPE token moved into the top 10 crypto assets by market capitalization, beating Cardano's ADA amid a 1,700-fold rise in trading volume tied to oil volatility during the US-Iran conflict.
Notably, Bitcoin benefited significantly from the broader bid for crypto during the conflict, but HYPE gained a second channel as traders used Hyperliquid's platform to express views on oil around...
Ethereum is outpacing Bitcoin as tensions involving the United States, Israel, and Iran continue to shape global markets.
Data from CryptoSlate shows ETH has risen 18% against the dollar since the start of March, compared with a 13% gain for Bitcoin over the same period.
The ETH/BTC ratio has also moved higher, rising 7.6% to 0.0315 from 0.0293 in less than three weeks, a sign that Ethereum is...
SEC makes huge U-turn, declares crypto tokens are ‘digital commodities’ after years of legal battles
The SEC just made its biggest crypto classification move in years, placing major tokens such as Ethereum, Solana, Cardano, Dogecoin, Avalanche, XRP, and Chainlink into a “digital commodities” bucket while saying some token sales can stop being treated as securities-law cases once the issuer’s core promises are fulfilled.
Paired with a new SEC-CFTC coordination framework, the March 17...
A token sale tied to a live ecosystem
Playnance is bringing G Coin to a major public milestone today, after saying March 18 would mark the token’s generation event and broader market debut. Unlike projects that arrive before product adoption, Playnance is pitching G Coin as the utility layer for an ecosystem that already has more than 200,000 holders; its official tracker recently showed 203,732...
Crypto governance company, Tally, processed more than $1 billion in payments, served more than a million users, helped secure over $80 billion in protocol assets, completed a 60-day US ICO registration process, and then decided to kill the token sale and shut down anyway.
The company stated that the market for venture-backed governance tooling does not exist at the scale needed to...
Bitcoin has mostly traded around $74,000 on Wednesday as investors waited for the Federal Reserve's policy decision. However, as of press time, Bitcoin has just lost the $73,500 support, with a route to $72,000 now in sight.
The meeting is expected to leave the federal funds target range at 3.50% to 3.75% while updating projections for inflation, growth, and unemployment after the Middle East...
Mastercard agreed to pay up to $1.8 billion for BVNK, a stablecoin infrastructure firm that connects blockchain payments with traditional banking rails.
The deal includes $300 million in contingent payments and closes what Mastercard told investors would have taken too long to build internally: the ability to move money seamlessly across fiat and on-chain systems for remittances, payouts, P2P...
Citigroup cuts Bitcoin and Ethereum targets as slower US policy timeline trims the upside case
Citigroup has cut its 12-month targets for Bitcoin and Ethereum, lowering its Bitcoin forecast to $112,000 from $143,000 and its Ethereum forecast to $3,175 from $4,304.
The March 17 revision marks a sharp step down from the bank’s December view and ties that reset to slower US legislative progress, a...
Bitcoin is heading toward its first real recession-era test as a mature institutional asset after Moody’s recession model rose to 48.6%, a level that, in that historical series, has not previously been reached without a recession following within 12 months.
The historical ‘point of no return' signal arrives as US growth slows, the labor market weakens, oil trades above $100, and Bitcoin has...