A week ago, CoinDesk informed readers about the renewed rotation of funds to dollar equivalents such as tether USDT$0.9987 and USD Coin (USDC) stablecoins like bitcoin BTC$66,663.71 pulled back from early May highs above $80,000. This combination was an early warning sign of potential full blown risk aversion in the crypto market. These early warning […]
Bitcoin’s fall to $67,000 accelerates a shift to digital dollars Read More »
The strategy’s (MSTR) first bitcoin BTC$66,698.36 The selloff since 2022 may have been small compared to its massive $58 billion in holdings, but the market’s reaction could signal a broader shift in crypto markets, according to Standard Chartered’s head of digital asset research, Geoff Kendrick. In a note to clients, Kendrick pointed out that ether
MSTR’s BTC sell-off could kick-start ETH outperformance Read More »
Franklin Templeton is expanding its digital asset strategy through a new partnership with MoonPay that will allow institutional investors to move between stablecoins and the asset manager’s tokenized money market fund through an onchain workflow. The integration connects Franklin Templeton’s Benji technology platform with MoonPay Trade’s infrastructure, creating a path for eligible institutions to exchange
Bitcoin occupies a fascinating gray area of classification: part commodity, part currency, part technology asset, part macro hedge. Far from being a mere philosophical curiosity, this ambiguity is the defining feature of how the asset trades. Because no common understanding of what bitcoin fundamentally is has yet taken hold, no consistent framework exists for how
How to better understand bitcoin’s perpetual identity crisis Read More »
The infrastructure that supports global computing is undergoing a massive shift. Real computing power no longer belongs to isolated corporate data centers, but to open, global networks. Talking by Proof of speech summit in Paris, Bittensor co-founder and Crucible Labs partner Ala Shaabana highlighted the staggering mathematics behind decentralized networks. To show the audience what
A UK House of Lords committee said the Bank of England (BOE) should reconsider its proposed limits on consumers’ stable coin holdings in a new report. The cross-party committee on Financial Services Regulation in the second chamber of the UK Parliament also recommended a reconsideration of the requirements for stablecoin issuers to hold at least
Hyperliquid (HYPE) has emerged as one of the most liquid trading venues in the crypto market and is attracting increasing interest from hedge funds and institutional investors as capital rotates away from bitcoin and ether, according to Joshua Lim, global head of markets at FalconX. The decentralized derivatives exchange, which launched its HYPE token last
Hyperliquid beats Ethereum in trading volume in days as big money rotates, FalconX says Read More »
The US Treasury Department blacklisted several Iranian crypto exchanges, including its largest platform Nobitex, on Tuesday as part of its ongoing campaign against the Iranian government. The Treasury’s Office of Foreign Asset Control announced that Nobitex, Wallex, Bitpin and Ramzinex, as well as some of these exchanges’ managers, were added to its global Specially Designated
US Sanctions Nobitex, Other Iranian Crypto Exchanges Amid Ongoing War Read More »
Bitcoin BTC$67,364.17 falling to $67,000 could signal a challenging summer ahead as investor capital continues to flow into artificial intelligence (AI) stocks and away from crypto. In a Tuesday report, K33 Research head Vetle Lunde said bitcoin’s weakness reflects fading institutional demand, strong ETF outflows and growing vulnerabilities in derivatives markets. “Much of the market
BTC May Face Deeper Losses As Capital Chases AI Stocks, K33 Says Read More »
Coinbase Ventures, the investment arm of crypto exchange Coinbase (COIN), said it had backed Athena (ENA), buying the protocol’s token on the open market as the two firms prepare to launch a new onchain savings product for the exchange’s more than 100 million users. Athena announced on Tuesday that it was partnering with Coinbase to
