
Citadel Securities Takes a $400M Stake in Crypto.com at $20B
Citadel Securities is investing $400 million in Crypto.com at a $20 billion valuation, the exchange's first institutional funding round in about a decade.
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Citadel Securities is investing $400 million in Crypto.com at a $20 billion valuation, the exchange's first institutional funding round in about a decade.

June CPI came in below forecast on every line, with core flat on the month. Bitcoin ran from about $62,600 to above $64,500 as July hike odds fell to 12%.

A routine config update collided with the name of Coinbase's ingress gateway on July 14, degrading withdrawals, card payments and swaps for about 50 minutes.

Strategy has not bought bitcoin since June 22 and has raised its dollar reserve to about $3 billion, roughly 20 months of preferred dividends and debt interest.

Stablecoin supply stood at $312.23 billion in mid-July, roughly $10 billion under its May peak, with USDT and USDC both smaller than they were this spring.

Spot bitcoin and ether funds took in a combined $281.8M in the week to July 10, the first positive week after $9.46B of withdrawals.

US spot bitcoin ETFs shed about $85 million on Wednesday, ending a three-day inflow run, while ether funds pulled in $70 million as both assets fell 3%.

The non-custodial exchange raised $76 million led by SBI Holdings, with no valuation disclosed, and said it will apply for a US national trust bank charter.

Binance saw $1.23 billion in net outflows in the week from June 29, up 207%, as ETH withdrawal transactions hit their highest daily count since March 2023.

XRP rose 5.3% to $1.18 on July 4, lifting its market value to about $73 billion and past USDC into fifth place, with Santiment's MVRV gauges at historic lows.

Bitcoin rose 1.4% on July 4 to clear $63,000, a two-week high, with ether up 11.5% and solana 13.2% over seven days in thin holiday trading.

June payrolls came in at 57,000 against a 110,000 forecast, moving the first Fed hike out to October. Bitcoin held near $61,600, with solana up 17% on the week.