Crypto News

New York Life Investment Management is debuting its first tokenized fund with Centrifuge, putting its U.S. high-yield corporate bond strategy onchain. Eligible investors will be able to subscribe and redeem using USDC, extending tokenization beyond Treasury products into higher-yield fixed-income assets.

Dogecoin cofounder Billy Markus commented on reports that Strategy could sell part of its Bitcoin holdings, sharing Michael Saylor’s past 'never sell' message. The article says Strategy’s board authorized a BTC Monetization Program that could allow Bitcoin sales to raise up to $1.25 billion for reserves, dividends, interest expenses, or share repurchases, though the company is not required to sell BTC.

The UK Financial Conduct Authority has finalized its crypto regime, requiring trading platforms, custodians, stablecoin issuers, staking firms and other crypto businesses to obtain FCA authorization before the rules take effect in October 2027. The framework adds capital, stress-testing, market-abuse and stablecoin standards, expands consumer protections, and covers some decentralized finance arrangements, while easing some requirements after industry feedback.

The article says slowing supply growth in USDT and USDC is reducing market liquidity, which is limiting Bitcoin’s upside. BTC has dropped from around $80,000 to near $59,000, remains below key moving averages, and shows weak momentum, suggesting recent rebounds may be bear-market bounces unless new capital inflows return.

Bitcoin’s weekly price moves have become strongly and negatively correlated with USD/JPY over the past 52 weeks, reaching -0.90. The article says this weakens the popular yen carry-trade narrative and suggests U.S. dollar strength and changing Fed rate expectations may be influencing both markets, while noting correlation does not prove causation.

Ethereum dropped 7% this week and nearly 22% over the past month, trading around $1,587. Bitmine Chairman Tom Lee attributed the selloff to quarter-end portfolio rebalancing rather than weakness in Ethereum, and said Bitmine continued accumulating ETH and now holds about 4.7% of circulating supply. Separately, analyst Ali Martinez reported that whales sold about 550,000 ETH as price tested support near $1,583.

Ripple CEO Brad Garlinghouse argued that long-term value in crypto comes from real-world utility rather than financial engineering. He criticized Strategy’s aggressive Bitcoin leverage approach for increasing market volatility, while saying Bitcoin still has a role as digital gold and citing Ripple’s payments business as an example of blockchain utility.

Arkham Intelligence introduced Prediction Market Elo, a new ranking system for Polymarket traders based on forecasting accuracy rather than profit or bet size. The current leader, GardenerCx, tops the Elo board with a 66.1% win rate across thousands of resolved crypto markets, while Arkham’s PnL rankings still reward larger-volume traders.

President Donald Trump has 10 days to sign or return a bipartisan housing bill that also bars the Federal Reserve from creating a central bank digital currency through 2030. He has linked his decision to the SAVE America Act, while broader crypto legislation and anti-CBDC debate continue in the Senate.

XRP is trading above $1.00 while network activity has increased and ETF inflows improved. Active addresses rose 72% over two weeks, open interest fell sharply, and price remains range-bound below $1.10 resistance as traders wait for a confirmed recovery.