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Muyao Shen

Muyao Shen

Crypto and DeFi Reporter at Bloomberg News

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Email address
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Influence score
28
Phone
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Location
United States
Languages
  • English
Covering topics
  • Finance & Banking Services

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Recent Articles

bloomberg.com

Crypto Reels From a $200 Billion Crash as Casino Crowd Moves On

Crypto’s riskiest tokens are crashing on a scale that stands out even by the industry’s own volatile standards, abandoned by retail speculators saddled with humiliating losses and a growing sense the game is rigged.
bloomberg.com

Strategy CEO Says Reserve Reduces Pressure to Sell Bitcoin

Strategy Inc.’s new $1.4 billion reserve gives the Bitcoin accumulator flexibility to meet short-term obligations such as dividend and interest payments during market turbulence, according to Chief Executive Officer Phong Le.
bloomberg.com

Bitcoin Drops Below $90,000 for the First Time in Seven Months

Bitcoin dropped below $90,000, deepening a month-long slide that has erased the cryptocurrency’s gains for 2025 and rocked sentiment across the digital-asset world.
bloomberg.com

Stocks Go 24-7 in Crypto Betting Markets With 100x Leverage

A product born in crypto’s most fevered era is being quietly rebuilt for the US stock market — trading 24-7, with no brokers and no closing bell.
bloomberg.com

China Accuses US of Orchestrating $13 Billion Bitcoin Hack

China’s cybersecurity agency accused the American government of orchestrating the theft of about $13 billion worth of Bitcoin, representing China’s most recent attempt to attribute major cyberattacks to the US.
bloomberg.com

Coinbase Purchase Wakes Up the Echoes of Crypto’s ICO Heydays

Coinbase Purchase Wakes Up the Echoes of Crypto’s ICO Heydays
bloomberg.com

DRW’s Wilson Slams Exchanges Over Practices During Crypto Crash

Donald R. Wilson, founder of Chicago-based proprietary trading powerhouse DRW Holdings LLC, criticized the practices of digital asset exchanges during last week’s crypto market meltdown, where cascading liquidations led to record losses.
bloomberg.com

The Little-Known Crypto Powerhouse Behind Billions in Trading

In just two years, a little-known decentralized exchange built by a small group of engineers has drawn heavyweight investors and billions in trading volume.
bloomberg.com

Binance Increases Compensation for Customers Liquidated in Crypto S...

Amid growing criticism about its role in crypto’s biggest crash, Binance said it will distribute an additional $300 million in stablecoins to exchange users who incurred forced liquidations and provide $100 million in low-interest loans to help “severely impacted” institutions resume trading.
bloomberg.com

Bitcoin Life Insurer Meanwhile Raises $82 Million

Apollo, Northwestern Mutual Future Ventures, Pantera Capital and Stillmark are joining Bain Capital and crypto investor Haun Ventures to back the Bitcoin life insurance firm Meanwhile in a $82 million funding round.
bloomberg.com

Stablecoin Leader Tether Seeks Capital for Tokenized Gold Hoard

Tether Holdings SA and a company with close ties to Bitmain Technologies Ltd., the Bitcoin hardware giant, are in talks to raise capital for a public vehicle that would accumulate tokenized gold.