Fold secures $150M credit facility to expand Bitcoin rewards credit card business
Fold's credit facility highlights the growing integration of cryptocurrency in mainstream finance, potentially reshaping consumer reward systems.
Bitcoin disappointed bulls by dropping below $75,000 on Iran peace deal reports while US stocks hit new all-time highs and oil saw one-month lows on Hormuz hopes.
Bitcoin’s weak apparent demand shows that futures and positioning may be supporting price more than fresh spot accumulation.
May 27, 2026, 4:31 pmBTC Prague, Europe’s premier Bitcoin conference, returns to the PVA Expo Prague on June 11-13, 2026.
May 27, 2026, 4:16 pmFold's credit facility highlights the growing integration of cryptocurrency in mainstream finance, potentially reshaping consumer reward systems.
Kraken customers can make use of their Bitcoin holdings and generate BTC yield without ever leaving the exchange.
Crypto's divergence from equities amid ETF outflows may deepen skepticism, challenging its perceived diversification benefits long-term.
Crypto ETF flows were mixed on Tuesday, May 26, with bitcoin and ether ETFs losing a combined $368.75 million as both ETFs extended their outflow streaks. Altcoin products softened the blow, led by $20.45 million into HYPE ETFs and $1.55 million into XRP ETFs, while solana ETFs saw no trading activity.
Memory chip stocks are attracting capital and attention as crypto markets settle into apathy.
Kraken's Bitcoin Vault could drive increased BTC utilization, but users must weigh yield benefits against smart contract and withdrawal risks.
A large, unidentified holder sold roughly $1.3 billion worth of BlackRock’s spot Bitcoin ETF, IBIT, through a dark pool on Tuesday morning, in what ETF analysts described as an unusually large block trade. The sale stood out not only because of its size, but because the market appeared to digest it with little visible disruption.
At 10:30:34 a.m. ET, a single IBIT print of 29,212,864 shares, crossed at $43.16, for a notional of roughly $1.26 billion. The next-largest visible movement was 1.3 million shares, making one trade dwarf everything else in IBIT's session, accounting for about 34.8% of the ETF's reported intraday volume of 83.86 million shares.
The new earn product lets users generate BTC-denominated rewards through DeFi strategies while keeping exposure to bitcoin’s price.