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Articles by Stacy Elliott
Bitcoin Gets Its First Bond Rating as Moody's Grades New Hampshire Deal
Wall Street credit agency Moody's just issued its first credit rating to Bitcoin-backed bonds. Moody's Ratings has assigned a provisional Ba2 rating to a pair of Bitcoin-backed revenue bonds to be issued through the Business Finance Authority of the State of New Hampshire. A credit rating works much like a credit score for an individual borrower. It's an independent assessment of how likely a debt is to be repaid.
Bitcoin, Crypto Stocks Climb on Reports That Iran's President Is 'Ready to End War'
Crypto stocks and Bitcoin saw sudden gains Tuesday on multiple reports that Iranian President Masoud Pezeshkian is "ready to end war." Crypto exchange Coinbase has gained nearly 9% since the opening bell, recently trading at $175. Bitcoin mining and AI hardware firm Bitdeer saw its shares jump more than 12%, trading as high as $8.98 before falling back to $8.88. And chipmaker giant Nvidia saw its shares gain 5% to reach $173.80.
Stablecoin Market to Hit $2 Trillion in 2028 Even as Velocity Doubles: Standard Chartered
Stablecoin velocity has now doubled in the past two years, with coins changing hands an average of six times per month, Standard Chartered flagged in a note Tuesday morning. That's prompted the bank to revisit a key assumption behind its stablecoin market forecast. Geoff Kendrick, global head of digital assets research at the bank, said that's out of sync with the bank's longstanding forecast.
Coinbase, Robinhood and Figure Stocks Are 60% Off Their Peaks-Bernstein Says Buy the Dip
Bernstein analysts cut price targets Monday on Coinbase, Robinhood, and blockchain lending firm Figure Technology Solutions, citing geopolitical headwinds and weak crypto sentiment. But the analysts maintained "Outperform" ratings on all three companies, despite the reductions.
$15 Billion in Bitcoin Options Expire Friday as Trump's Iran Deadline Looms
There's nearly $15 billion worth of Bitcoin options contracts expiring on derivatives exchange Deribit on Friday. That represents nearly 40% of the $36.5 billion worth of BTC open interest currently on the exchange. The derivatives exchange was acquired by Coinbase in a $2.9 billion deal in 2025, but still operates as Deribit.
CoinShares Files for Bitcoin Volatility ETF Suite, Targeting BTC Price Swings
Digital asset manager CoinShares has quietly filed an amendment to register three new ETFs that track Bitcoin volatility. The Valkyrie ETF Trust II filed a post-effective amendment with the SEC for the CoinShares Bitcoin Volatility ETF, CoinShares Bitcoin Volatility Leveraged ETF, and CoinShares Bitcoin Volatility Inverse ETF. The filing was first flagged by Bloomberg Senior ETF Analyst Eric Balchunas on X.
BMO Is First Bank to Join CME's Tokenized Cash Platform on Google Cloud
Bank of Montreal, which goes by BMO, is joining forces with derivatives marketplace CME Group and Google Cloud to launch a tokenized cash and deposit platform. This will make BMO the first bank to offer CME Group's tokenized cash solution on Google Cloud Universal Ledger (GCUL), the three companies said Tuesday in a joint press release.
BlackRock Staked Ethereum Fund Tops $250 Million in Its First Week
BlackRock's iShares Staked Ethereum Trust has reached $254 million worth of assets under management after launching a week ago. That means investors have bought $146 million worth of shares since the fund debuted, on top of more than $100 million seeded in the fund. BlackRock launched the iShares Staked Ethereum Trust (ETHB) on Nasdaq on March 12, with the seed capital coming from BlackRock Financial Management, an affiliate of iShares.
Crypto Firm Abra to Go Public on Nasdaq in $750 Million SPAC Deal
Abra Financial Holdings, the San Francisco-based digital asset wealth management platform, said Monday it will go public through a business combination with New Providence Acquisition Corp. III, a special purpose acquisition company trading on Nasdaq under the ticker NPACU. The combined company is expected to list on Nasdaq under the ticker symbol ABRX, the company said in a press release. The transaction values Abra at $750 million on a pre-money basis.
Bitcoin Hit a Major Milestone-Most Miners Won't Be Around for the Next One
The Bitcoin network saw its 20 millionth BTC mined this week, leaving just 1 million coins left to be paid as rewards to miners. The milestone has crypto industry observers taking stock of the rapidly changing Bitcoin mining industry, and weighing the economics of a shifting landscape against expectations of Bitcoin’s performance as an investment.
Bitcoin Is Rising While Bonds and Stocks Struggle-Here's Why
Bitcoin has seen a modest gain since the start of the Iran conflict, even as bonds and stocks have struggled—and a new note from digital asset manager CoinShares suggests that divergence is meaningful. At the time of writing, Bitcoin was trading for $70,323 after having fallen 0.8% in the past day, according to crypto price aggregator CoinGecko. Even with the daily dip, it's up since the U.S. and Israel first began bombing Iran at the tail end of February.
Bitcoin Die-Hard Jack Dorsey Doesn't Like Stablecoins, But Block Will Use Them Anyway
Longtime Bitcoiner and Block Inc. CEO and co-founder Jack Dorsey has very reluctantly gotten onboard with the idea that the company's customers are embracing stablecoins. "I don't like that we're going to support stablecoins, but our customers want to use them," he told Wired.
Coinbase Debuts Crypto Futures for European Traders, Including Bitcoin and Ethereum
Coinbase launched futures contracts for traders across Europe, marking the first time the exchange has offered regulated crypto derivatives directly to users in the region. The products are being progressively rolled out through Coinbase Advanced in 26 European countries, including Germany, France, and the Netherlands, offered through its MiFID II.
Bitcoin Dives Below $69K as US Loses 92K Jobs in February
Bitcoin plunged below $70,000 on Friday, falling more than 5% over the last day as the U.S. lost 92,000 jobs in February and the unemployment rate inched up to 4.4%, according to the Bureau of Labor Statistics. U.S. Representative Darren Soto (D-FL) was quick to blame President Donald Trump for the weakening labor market. "Job losses mount as Trump’s dismal economy continues to take its toll on American families," he wrote on X.
ZeroHash Applies for National Trust Bank Charter as OCC Crypto Pipeline Grows
Stablecoin infrastructure firm ZeroHash has applied for a national trust bank charter with the Office of the Comptroller of the Currency, an independent bureau of the U.S. Treasury Department. The application is for ZeroHash to become national trust bank, not a traditional bank—so that means the company isn't seeking to offer retail banking, lending, deposit accounts, or FDIC insurance on client funds.
Morgan Stanley Picks Coinbase, BNY Mellon as Custodians for Planned Bitcoin ETF
Morgan Stanley intends to custody Bitcoin related to its proposed Morgan Stanley Bitcoin Trust with The Bank of New York Mellon and Coinbase Custody Trust Company, the firm said in an amended copy of its S-1 registration on Wednesday. The setup is similar to that used by existing Bitcoin ETFs, like BlackRock's iShares Bitcoin Trust. IBIT initially relied on Coinbase alone for its Bitcoin custody, but added Anchorage as a second custodian in April 2025.
Nasdaq Wants a Piece of the Prediction Market Biz Too
Nasdaq Inc., the parent company of the second-largest stock exchange by market capitalization, wants to roll out its own prediction market offering. The company intends to offer options contracts for yes-or-no bets, which would be priced between 1 cent and $1, according to an SEC filing submitted early Monday morning. Nasdaq's so-called Outcome Related Options would let traders take binary positions on whether a specified event happens.
Bitcoin, Ethereum ETFs Snap Five-Week Losing Streak as Crypto Funds Add $1 Billion
Bitcoin and other crypto exchange-traded products pulled in $1 billion worth of funds last week, offsetting substantial losses in the weeks before. Before last week, crypto funds had shed $4 billion over the past five weeks, according to a new report from digital asset manager CoinShares. There have been signs that institutional investors haven't lost interest in adding crypto exposure. "From a macro standpoint, it is difficult to attribute the shift in sentiment to a single catalyst.
Bitcoin Rebound Stalls at $65K as Stocks Fall and Gold Rises
After peaking above $69,000 on Wednesday and suggesting a potential rebound for the leading cryptocurrency, Bitcoin dropped more than 3% on Friday to nearly $65,000 as stocks dipped and gold enjoyed a 1.4% bump. The S&P 500 has fallen 0.7% and the Nasdaq has slipped 1.15% since the New York opening bell on Friday. At the time of writing, Bitcoin was changing hands for $65,222 and has lost 3.5% compared to the same time last week, according to crypto price aggregator CoinGecko.
Morgan Stanley 'Absolutely' Plans to Offer Bitcoin Custody, Trading, Yield and Lending: Exec
Wall Street giant Morgan Stanley, which oversees nearly $9 trillion worth of assets on behalf of its clients, wants them to be able to custody and trade Bitcoin on its platform, according to Amy Oldenburg, its recently appointed digital assets strategy head. When asked if the bank is interested in offering Bitcoin-based yield and lending services, as well, she was very supportive.
Circle Stock Jumps Double Digits as It Reports 72% Rise in USDC Circulation
Stablecoin issuer Circle saw USDC circulation grow 72% year-on-year to $75.3 billion in the fourth quarter. The company also reported that transaction volume reached $11.9 trillion, an increase of 247%. USDC market capitalization has wavered slightly since the end of last year, dipping as low as $70 billion at the start of February. But it has since rebounded to nearly $75 billion, according to crypto price aggregator CoinGecko.
Canary, Grayscale Sui ETFs Hit US Markets With Staking Rewards
The first SUI ETFs have started trading as fund issuers Canary Capital and Grayscale make their debuts. The Sui layer-1 blockchain was launched in 2023 as a so-called "Solana killer" because it uses Move, a programming language based on Rust, to provide high-speed transactions, instant processing, and scalability. The network operates on a delegated proof-of-stake consensus mechanism and has an upper limit of 10 billion SUI tokens.
Why Bitcoin Open Interest Has Seen Its Largest Decline in Almost 3 Years
Risk is coming off fast in Bitcoin’s derivatives market. Total open interest has dropped to $44 billion from a peak above $94 billion in October 2025, a 55% decline and the steepest drawdown since April 2023, CoinGlass data shows. Rising open interest typically signals fresh capital flowing into derivatives markets and increasing trader conviction. Declines, by contrast, suggest traders are cutting leverage and stepping back from speculative bets.
'See You in Court': CFTC Chair Defends Jurisdiction as States Fight Prediction Markets
U.S. Commodities and Futures Trading Commission Chairman Michael Selig hit back at states trying to challenge the regulator's jurisdiction over prediction markets in a new op-ed published Tuesday in The Wall Street Journal. "To those who seek to challenge our authority in this space: let me be clear. We will see you in court," Selig wrote.
Bitcoin 'Boom-Bust' Era Is Over as Institutions Take the Lead: WisdomTree
Bitcoin and crypto markets have entered a new phase defined less by speculation and more by portfolio discipline, according to a new note from WisdomTree. Dovile Silenskyte, director of digital assets research at WisdomTree, wrote in a note shared with Decrypt that the days of survival and price discovery are behind crypto traders. "Crypto has moved on from its retail-led, boom-bust adolescence.
Bitcoin Will Fall to $50K and Ethereum Will Hit $1,400 Before Rebound: Standard Chartered
Bitcoin will reclaim $100,000 and Ethereum will see $4,000 by the end of 2026—but they'll first sink to $50,000 and $1,400 on their way there, according to a new forecast from Standard Chartered. Geoff Kendrick, the bank's head of digital asset research, said that although the current market has been challenging for digital assets, it's a sign that the class is maturing and becoming more resilient.
Coinbase Price Projections Slashed By Analysts Ahead of Earnings
At the time of writing, COIN has lost 8% since the opening bell on Wednesday and was changing hands for about $149 per share. The stock has now dropped 34% since the start of the year, according to Yahoo Finance. "Obviously been a bit of a bloodbath," Argus Research analyst Kevin Heale told Decrypt. Heale added that he's been watching to see if retail and leveraged investors come back into the market.
Following Bitcoin Dive, Galaxy CEO Novogratz Says Crypto Headed for 'Much Lower Returns'
The "age of speculation" that captivated crypto traders is ending, Galaxy CEO Mike Novogratz told CNBC in an interview Tuesday. Instead, he told the news outlet the market is “going to be transposed or replaced by us using these same rails, these crypto rails, to bring banking [and] financial services to the whole world.
Crypto Exchange Blockchain.com Secures FCA Registration in UK
Crypto exchange Blockchain.com has secured registration with UK regulator the Financial Conduct Authority (FCA), enabling it to offer crypto services to customers there. Blockchain.com can now provide brokerage, custody, and institutional services under one of the world's strictest regulatory frameworks. For users, this means more protection and oversight of their funds.
YouTube Star MrBeast Just Bought a Banking App-Will It Offer Crypto?
Beast Industries, linked to YouTube star MrBeast, is acquiring fintech startup Step, known for its mobile-based banking for teenagers and young adults. Step has raised $491 million through fundraising rounds and has notable backers like Stephen Curry, Justin Timberlake, Will Smith, and The Chainsmokers. The acquisition signals MrBeast's interest in expanding into financial products beyond media and merchandise, with filings related to a potential crypto exchange and payments service.
Strategy, BitMine, Coinbase Shares Chart Major Rebound as Bitcoin Stabilizes
Bitcoin juggernaut Strategy, Ethereum giant BitMine Immersion Technologies, and crypto exchange Coinbase all looked much more verdant Friday as the price of BTC stabilized after dropping 14% on Thursday. Strategy, which trades on the Nasdaq under the MSTR ticker, had gained 22% since the opening bell and was recently changing hands for $131. The company holds 713,502 BTC in its treasury, which was acquired for an average price of $76,047.
Bitcoin Miners Could Face Crisis After BTC Price Falls 50% From Peak
The price of Bitcoin has plunged 50% from its October peak—and could soon sink below what it costs some miners to produce the asset, if it hasn't already. With Bitcoin down 14% over the last day to a recent price below $63,000, a chart from BTC analysis platform Checkonchain has been making the rounds on X. It illustrates the Bitcoin difficulty regression price, which was $86,000 at the time of writing—well above the current trading price.
XRP Leads Crypto Losses as Ethereum, Dogecoin Prices Crater Alongside Bitcoin
XRP was the worst-performing altcoin among the leading cryptocurrencies Thursday morning, showing a 15% drop over the last 24 hours as markets swing bearish and Bitcoin extends its losses. At the time of writing, XRP was trading for $1.30 after having dropped roughly 28% in the past week, according to crypto price aggregator CoinGecko. An earlier dip to $1.28 marked the lowest price for the Ripple-linked asset since November 2024, when XRP surged in the wake of President Trump's election win.
Vitalik Buterin Moves $29 Million Worth of Ethereum-Here's Why
Ethereum founder Vitalik Buterin has moved 14,000 ETH out of his wallets and has sent $500,000 to his Kanro charity, according to on-chain analytics firm Arkham Intelligence. Buterin said last week that he would be withdrawing $44.7 million worth of his own funds to support the Ethereum Foundation as it enters a period of "mild austerity." At the time, he moved the funds from one of his Gnosis wallets to another of his wallets.
Jeffrey Epstein Invested in Bitcoin Firm Blockstream, Invited Founder Adam Back to Island
Convicted sex offender and financier Jeffrey Epstein invited longtime Bitcoiner Adam Back and his co-founder Austin Hill to visit his island after investing in their Bitcoin technology company Blockstream in 2014, according to newly released files from the U.S. Department of Justice. Back is a British cryptographer best known for inventing Hashcash, a proof-of-work system that later became a core building block of Bitcoin.
Bitcoin Traders Swing Bearish as BTC Price Languishes Below $80K
The likelihood of Bitcoin falling to $69,000 has jumped to 68%, according to users on Myriad. The prediction market platform, which is owned by Decrypt's parent company Dastan, shows that bearish sentiment around Bitcoin's price leapt 35% in the past week as BTC has fallen below the $80,000 mark. At the time of writing, Bitcoin was changing hands for $78,453 after rising 1% in the past day but plunging 11% in the past week, according to crypto price aggregator CoinGecko.
Bitcoin Traders See Nearly Even Odds for $69K Drop or $100K Recovery
For the first time in almost two months, Myriad users doubted that Bitcoin will see $100,000 before it dumps to $69,000. Users on the prediction market platform, which is owned by Decrypt's parent company Dastan, now see nearly even odds that Bitcoin will keep falling as they do that BTC will climb back into six-digit territory. The odds have fluctuated near the 50-50 mark over the past 24 hours, leaning towards the negative move at multiple points.
Japan's Biggest Bitcoin Treasury Firm Just Raised $137 Million to Buy Even More BTC
Japanese Bitcoin treasury firm Metaplanet just closed a $137 million sale of shares and one-year warrants to buy more BTC. The raise includes 24,529,000 newly issued common shares sold through a third-party allotment to overseas buyers, the company said in a company filing it shared Thursday on X. The company explained that it selected this structure for its raise to "distribute dilution over time," setting warrant exercise prices above current trading levels.
Solana ETFs Hit a Weekly High as Altcoin Deposits Surge
Solana ETFs flows are showing signs of bouncing back, even as SOL struggles to find upward mobility. The Solana funds just pulled in $6.7 million, bringing the category's total assets under management to $689.8 million according to data maintained by crypto data and research firm Farside Investors.
Fidelity to Enter Stablecoin Market With Ethereum-Based 'Digital Dollar'
Fidelity Investments will expand its digital asset offerings with plans to launch its own U.S. dollar-pegged stablecoin, the Fidelity Digital Dollar (FIDD), the firm said in a press release. The new token will be available to retail and institutional investors "in the coming weeks" and run on the Ethereum blockchain. The stablecoin will be issued through Fidelity Digital Assets, the firm's crypto-focused subsidiary.
Bitcoin and Ethereum Traders Should Watch 'Narrative Whipsaw' Heading into Fed Decision
Bitcoin and Ethereum have gained 2.1% and 3.5% respectively, as investors await the Federal Reserve's next interest rate decision Wednesday afternoon. Bitcoin is changing hands for $89,842, about level with where it was a week ago, according to data from crypto price aggregator CoinGecko. And Ethereum regained $3,000 for the first time since last week, trading for around $3,026 after having risen 2.1% in the past seven days.
Stablecoins Are a Bigger Threat to US Banks Than Regulators Admit: Standard Chartered
Roughly $500 billion worth of cash will shift from bank deposits into stablecoins by 2028, estimated Standard Chartered Global Head of Digital Assets Rearch Geoff Kendrick in a note shared with Decrypt. It's a more modest estimate than Kendrick offered up in October, when he wrote that stablecoins could lure $1 trillion away from banks.
BlackRock Files With SEC to Launch iShares Bitcoin Premium Income ETF
BlackRock could soon debut its iShares Bitcoin Premium Income ETF, according to a registration statement filed with the SEC on Friday.
Gold Beats Ethereum to $5K Milestone, Hitting Record Above $5,100
Gold surged to a new all-time high price above $5,100 per ounce on Monday, confirming predictions from users on Myriad that it would top $5,000 before Ethereum. Users on the prediction market platform—which is owned by owned by Decrypt's parent company, Dastan—have been bullish on gold since November 22, 2025. At the time gold predictors pulled ahead, the precious metal was hovering around $4,000 per troy ounce and Ethereum had sunk to about $2,680, according to crypto price aggregator CoinGecko.
UBS Planning Bitcoin, Ethereum Trading for Some Wealthy Clients: Bloomberg
Swiss banking giant UBS Group AG will open up crypto investing to some of its private banking clients, people with knowledge of the matter told Bloomberg. Moves by UBS tend to align with the interests and demand from some of the world's wealthiest banking clients, because the bank is the world's largest wealth manager. It oversaw roughly $4.7 trillion worth of assets as of September for high net-worth and ultra-high net-worth clients.
Native American Tribes Claim Kalshi Prediction Markets 'Siphon' Money From Casinos
Connecticut Indian tribes said in an amicus brief that prediction market operator Kalshi has used its business to "siphon" money away from their casinos.
Delaware Life, BlackRock Offer Bitcoin Exposure Through Fixed Indexed Annuity
Delaware Life Insurance Company has launched what it's calling the industry's first fixed indexed annuity tied to a Bitcoin-inclusive index. The company is making that possible by adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index as an option in its fixed index annuity, or FIA, portfolio. An FIA is a type of insurance contract designed to provide principal protection with the potential for limited upside growth.
Bitcoin Dips Under $90K as Crypto Stocks Plunge Amid Fresh Trump Trade War Turmoil
Strategy, SharpLink Gaming, and MARA Holdings took a dive with the rest of the crypto equities category as Bitcoin dipped below $90,000 on Tuesday morning. At the time of writing, Bitcoin has been hovering between the $90,000 and $91,000 marks after having lost 2.5% since this time yesterday, according to crypto price aggregator CoinGecko. The price of Bitcoin dropped as low as $89,929 on Tuesday before rebounding to $90,535 as of this writing.
Nasdaq Warns Bitcoin Hardware Maker Canaan About Delisting
Bitcoin mining hardware maker Canaan has until July to raise its share price and escape delisting, Nasdaq told the firm earlier this week. The company now has until July to raise its share price above $1 for at least 10 consecutive days to escape being delisted, it said in a press release Friday. If the company fails to achieve compliance, Nasdaq can grant the firm more time to come back into compliance.
Lightning Strikes Twice as Solo Bitcoin Miners Beat the Odds, Each Earning $300K
Lightning struck twice this week for solo Bitcoin miners, with each of them earning roughly $300,000 worth of BTC. Early Thursday morning, a solo miner landed a 3.157 BTC reward (including fees), worth roughly $304,000 at the time it was paid. This was preceded by another solo miner successfully mining a block on Tuesday and earning a payout valued at $295,000. Instead, each miner received the full payout, a rare outcome given the dominance of large, industrial-scale mining operations.
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