The SEC postponed its planned innovation exemption framework that would allow blockchain-based tokenized stocks, following concerns from traditional exchanges like Nasdaq and CME about investor protection and market fairness. This delay caused Bitcoin to drop below $76,000, wiping out about $33.8 billion in market value, while Ethereum and Coinbase shares also fell. The framework aimed to enable faster, cheaper trading and settlement of tokenized equities, but the SEC's pause highlights ongoing regulatory challenges and resistance from legacy market players. The future of tokenized stocks in the US remains uncertain as regulators weigh the impact on traditional exchanges.
Bitcoin fell 2.8% to $75,120, dropping below the $76,000 resistance level amid $209 million in long position liquidations and $36.29 million outflows from spot bitcoin ETFs. The decline reflects ongoing market uncertainty driven by geopolitical tensi...
Bitcoin and Ethereum are struggling to break key resistance levels, indicating a cautious market with bearish tendencies. Bitcoin remains below its 200-day moving average, showing signs of a potential bottoming rather than a strong recovery. Ethereum...
Fidelity Investments’ Director of Global Macro, Jurrien Timmer, identifies Bitcoin as exhibiting typical early bull market behavior. Bitcoin is currently challenging the critical neckline of a large head-and-shoulders pattern around $80,500, maintain...
Bitcoin is trading around $77,000 as Kevin Warsh becomes the new Federal Reserve Chair on May 22, 2026. Warsh, confirmed by the Senate with a 54-45 vote, has disclosed investments in over 30 crypto projects, including a spot Bitcoin ETF, marking a sh...
Chun Wang, co-founder of F2Pool and a major bitcoin miner, has been named Mission Commander for SpaceX's first commercial human spaceflight to Mars, planned for 2026. The two-year mission will test SpaceX's new Starship V3 technology and gather criti...
