Murtuza Merchant

1 day ago | aol.com | Murtuza Merchant

Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, has expressed concern over the length of Sam Bankman-Fried's prison sentence, calling the 25-year term excessive despite being personally impacted by the collapse of FTX. "Is 25 years too steep of a price? I think it is," Scaramucci said during an interview with Crypto in America.

1 day ago | benzinga.com | Murtuza Merchant

Circle USDC/USD made a powerful entrance onto the New York Stock Exchange on Thursday, with shares of the stablecoin issuer CRCL opening at $69, more than double its $31 IPO price. The company raised approximately $1.1 billion through the sale of 34 million shares, securing a valuation of $6.9 billion and marking a major milestone after a previously unsuccessful public listing attempt via SPAC in 2021. The timing of Circle's debut comes amid broader market uncertainty.

2 days ago | benzinga.com | Murtuza Merchant

A growing number of publicly traded companies are turning to Bitcoin BTC/USD as a treasury reserve asset, with total corporate holdings surging to more than 809,000 BTC by the end of May 2025, according to Binance's latest monthly market report. What Happened: While favorable U.S. accounting changes and the surge in spot Bitcoin ETF inflows have fueled this trend, Binance analysts caution that the rising dependency on crypto holdings could create systemic risks if prices reverse.

2 days ago | benzinga.com | Murtuza Merchant

Bitwise CEO Hunter Horsley says 2025 marks a "watershed year" for crypto as regulatory clarity, institutional adoption and mainstream political support converge to reshape the investment landscape for digital assets. What Happened: Speaking with CNBC at the Bitcoin Conference 2025, Horsley emphasized that the most significant overhang on crypto markets, regulatory uncertainty, has flipped from a headwind into a tailwind.

2 days ago | benzinga.com | Murtuza Merchant

Bitcoin BTC/USD has entered its first meaningful correction in nearly two months, falling from an all-time high of $111,880 amid rising macroeconomic uncertainty and unprecedented leverage in derivatives markets. What Happened: The pullback marks a pivotal moment for investors, as mounting sell pressure, profit-taking by seasoned holders and surging options activity point to elevated volatility ahead.