Bitcoin decline

South Korea c

2026-07-09 01:42:33

South Korean Crypto Investors Pull $41 Billion in One Year as Capital Floods into Stocks

Data from the Bank of Korea reveals that virtual asset holdings by South Korean investors plummeted from $82.76 billion in January 2024 to $41.17 billion by February 2026, a drop of over 50%. Daily trading volume crashed 70%, while stablecoin holdings surged amid a weakening won.

690

crypto regula

2026-07-02 20:45:14

Senator Warren Urges Treasury and Fed Not to Use Taxpayer Funds to Bail Out Crypto Billionaires Saylor and CZ Amid Bitcoin Decline

U.S. Senator Elizabeth Warren (D-MA) sent a letter on Wednesday to Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell, demanding that both agencies confirm they will not use taxpayer funds to support cryptocurrency investors or firms. Warren warned that any government intervention would transfer wealth from taxpayers to wealthy crypto investors, potentially enriching President Trump through his family's company, World Liberty Financial. The letter arrives as Bitcoin has fallen roughly 50% from its October peak, with cascading liquidations of leveraged positions exacerbating the sell-off. Warren cited World Liberty Financial's recent sale of 173 wrapped Bitcoin to repay $11.75 million in USDC debt, avoiding liquidation below $63,000. She also highlighted losses among major players: Michael Saylor's Strategy Inc. shares down nearly 20% YTD, Binance founder Changpeng Zhao losing an estimated $30 billion, and Coinbase CEO Brian Armstrong losing $7 billion. Retail investors are equally at risk: in 2025, U.S. investors lost or had stolen a record $17 billion in crypto fraud. Warren criticized Treasury Secretary Bessent's evasive response during a February 6 House hearing, where he only referenced 'retained seized Bitcoin.' The Fed acknowledged receipt and plans to respond; the Treasury did not immediately comment. Bitcoin was trading just under $67,000 on Wednesday.

600

Coinbase

2026-07-02 13:00:14

Coinbase Under Pressure: CEO Sells Over $545M in Shares, Analysts Slash Ratings

Shares of Coinbase, the largest publicly traded U.S. crypto exchange, continue to slide as CEO Brian Armstrong sold more than 1.5 million shares worth approximately $545 million over 10 months. Monness Crespi & Hardt downgraded COIN to 'neutral' with a $120 price target, while JPMorgan cut its target by 27%, warning Coinbase may lose its 'regulated monopoly' status. Bitcoin has fallen 30% in the past month, erasing more than half its value from October peak, currently trading near $66,000. Analysts are divided, with some seeing buying opportunities after earnings.

580

layoffs

2026-06-30 00:01:45

Crypto Layoffs Surge Alongside M&A Boom: Traditional Capital Spent $9.37B on Infrastructure in H1 2026, Stablecoins in Focus

比特币持续下跌引发加密行业大规模裁员，但并购交易反而激增，2026年上半年达93.7亿美元。以万事达卡、富兰克林邓普顿为代表的传统金融机构加速收购支付、托管、合规牌照等基础设施，聚焦稳定币应用与机构级落地场景。纯去中心化项目及无实际应用的公链被资本冷落。

1430

layoffs

2026-06-29 20:01:29

Crypto Layoffs Surge Amid Bitcoin Decline, Wall Street $9.37B M&A Targets Infrastructure

The ongoing Bitcoin decline has triggered massive layoffs in the crypto industry, but M&A activity surged to $9.37 billion in H1 2026. Traditional financial institutions such as Mastercard and Franklin Templeton are accelerating acquisitions of payment, custody, and compliance license infrastructure, focusing on stablecoin applications and institutional-grade use cases. Pure decentralized projects and public chains without real-world applications are being sidelined by capital.

1530

Bitcoin decli

2026-06-29 19:01:24

Crypto Layoffs Surge Amid Bitcoin Decline, H1 2026 M&A Hits $9.37B as Traditional Finance Targets Stablecoin Infrastructure

比特币持续下跌导致加密行业大规模裁员，但并购交易激增，2026年上半年达93.7亿美元。传统金融机构如万事达卡、富兰克林邓普顿加速收购支付、托管、合规牌照等基础设施，聚焦稳定币应用与机构级落地场景，纯去中心化项目及无实际应用的公链被资本冷落。

1550

layoffs

2026-06-29 18:31:32

Crypto Layoffs Surge Alongside M&A Boom: Traditional Finance Giants Spend Billions on Infrastructure

Bitcoin's ongoing decline has triggered massive layoffs in the crypto industry, but M&A activity has surged to US$9.37 billion in H1 2026. Traditional financial institutions including Mastercard and Franklin Templeton are accelerating acquisitions of payment, custody, and compliance license infrastructure, focusing on stablecoin applications and institutional-grade use cases, while pure decentralized projects and utility-free public chains are being sidelined by capital.

1490

Bitcoin decli

2026-06-29 11:31:58

Bitcoin Decline Triggers Crypto Layoffs, Wall Street's $9.37B M&A Wave Targets Stablecoin Infrastructure

The sustained drop in Bitcoin has led to massive layoffs across the crypto industry, while M&A activity surged to $9.37 billion in the first half of 2026. Traditional financial institutions including Mastercard and Franklin Templeton are accelerating acquisitions of payment, custody, and compliance licensing infrastructure, focusing on stablecoin adoption and institutional-grade use cases, whereas pure decentralized projects and public chains without real utility are being shunned by capital.

1590