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In brief Coinbase and Mastercard are each reportedly negotiating to buy BVNK for up to $2.5 billion. The talks come amid hype surrounding digital assets pegged to the U.S. dollar. Observers say payment and crypto firms now see stablecoins as core infrastructure. Coinbase and Mastercard are reportedly in advanced talks to acquire BVNK, a U.K.-based fintech firm building stablecoin infrastructure.If completed, the sale could value BVNK between $1.5 billion and $2.5 billion, according to an initial report from Fortune, citing six sources familiar with the matter. The talks remain ongoing, and neither Coinbase nor Mastercard has reached a final agreement,…

There may be no crying in the casino. But on days like these, you’d be forgiven for shedding a tear. With $9.4 billion liquidated in a single day in the crypto market, the flash crash comes just in time to punch the late-coming retail crowd in the face.In a single 24-hour span, crypto traders witnessed one of the biggest liquidation cascades since the heydays of 2021; a moment that rechristened “risk” for an entire generation.The crypto market gets nukedOf the $9.4 billion in liquidations over the last 24 hours, more than $6 billion in leveraged positions were wiped out in…

In brief The Model Behavior division, led by Joanne Jang, introduced a framework to quantify and reduce political bias in large language models. GPT-5 Instant and GPT-5 Thinking displayed 30% less bias than earlier versions when tested against 500 politically charged prompts. The findings underscore OpenAI’s attempt to counter perceptions that AI systems lean politically or culturally in one direction. OpenAI says its newest ChatGPT models display markedly less political bias than previous versions, as the company expands efforts to make artificial intelligence systems appear more balanced in tone and reasoning.The San Francisco-based firm released findings Thursday from its Model…

Key takeaways:Bitcoin’s broader uptrend and on-chain data suggest the market remains in an expansion phase.Strong dip-buying by “sharks,” and key trendline support point to another BTC rebound.Bitcoin (BTC) attempted to recover a day after traders witnessed the biggest single-day wipeout on record, with over $5.39 billion in leveraged positions liquidated in 24 hours, which is twice as large as the “COVID-19 crash” in 2020.BTC total liquidations chart. Source: DefiLlamaAs of Saturday, BTC’s price had rebounded by 8.50% after dropping to its local low at around $103,000. At the time of writing, it remains down 11% from its record high of…

Bitcoin’s latest correction rattled traders. BTC price dropped from above $120,800 to nearly $102,000 before bouncing back almost 9% to over $111,000. While altcoins like Ethereum and XRP fell over 13%, Bitcoin’s decline of 7% at press time shows it held up much better — hinting at underlying strength even amid heavy liquidations.Still, the big question remains: Can Bitcoin stay above $100,000, or will the price drop extend lower than this key psychological level soon? Three charts hold the answer.Sponsored Holders Rise and Veterans Stay Calm Amid The CrashThe first sign of support comes from on-chain holder behavior.Despite the crash,…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In recent weeks, market watchers have started asking whether the sky-high premiums on some crypto treasury companies are sustainable. Several stocks in the category trade at two to seven times their modified net asset value (mNAV) — a multiple that would be difficult to justify if these firms were simply vaults for Bitcoin (BTC) or Ethereum (ETH). If those premiums unwind, billions in market cap could vanish. Summary Top crypto treasury firms like Strategy, Metaplanet, and DeFi…

Ethereum’s new privacy initiative boosted Railgun’s RAIL token to an all-time high, following comments from Vitalik Buterin emphasizing privacy as a core focus.Privacy is back in focus for the Ethereum ecosystem, with the Ethereum Foundation introducing a new toolkit designed to give wallets stronger protection and more autonomy.In a Thursday post on X, the foundation wrote that the ‘Kohaku’ toolkit is a set of primitives that enables wallets to be “secure and to process private transactions while minimizing dependencies on trusted third parties.”In a separate X post, Ethereum co-founder Vitalik Buterin also mentioned Kohaku, adding that full-stack privacy and security…

While bitcoin BTC$112,281.20, ether ETH$3,839.05 and other major cryptocurrencies tumbled in a $19 billion liquidation event on Friday, major gold-backed digital assets bucked the trend amid the precious metal’s rally.Tokens tied to physical gold, including Paxos’ PAXG and Tether’s XAUT, were among the few to hold their ground, and even edge higher, as broader markets sank.Bitcoin lost 8.5% of its value in the last 24-hour period, while the broader crypto market plunged 12.75% as measured by the CoinDesk 20 (CD20 ) index. PAXG has meanwhile dropped just 0.23% to $3,998, while XAUt is up 0.2% to $4,010. A troy ounce…

Roger Ver — once dubbed “Bitcoin Jesus” for his early evangelism of bitcoin — has reached a tentative deal with the U.S. Justice Department to resolve criminal tax fraud charges, according to The New York Times reporting. The agreement, still awaiting court approval, would require Ver to pay roughly $48 million in back taxes. In return, prosecutors would drop the case if he meets the terms of a deferred-prosecution deal. The case against Ver, filed in 2024, accused him of evading taxes tied to his massive bitcoin holdings before renouncing his U.S. citizenship in 2014. He was arrested in Spain…

Join Our Telegram channel to stay up to date on breaking news coverage Luxembourg’s sovereign wealth fund has become the first in the Eurozone to invest in Bitcoin after it allocated 1% of its $730 million portfolio to spot BTC ETFs (exchange-traded funds). The investment follows a revision of a mandate for the Intergenerational Sovereign Wealth Fund (FSIL), which allows it to invest up to 15% of its portfolio into alternative assets, including crypto. It can also buy into other alternative assets such as real estate and private equity.  The FSIL was launched in 2014 and is intended to build…