Business

Pakinomist – XRP traded at $2.8664 at 08:31 (13:31 GMT) on the Pakinomist index on Wednesday, up 12.28% on the day. That was the biggest one-day percentage increase since December 2, 2024. The upward move pushed XRP’s market cap up to $159.8036B, or 4.76% of the total cryptocurrency market cap. At its peak, XRP’s market […]

While headline inflation came in faster than expected in December, investors are currently in buying mode following an unexpected year-on-year decline in core interest rates. The closely watched consumer price index (CPI) rose 0.4% in December, slightly higher than analysts’ consensus and the previous month’s 0.3%. On an annual basis, the CPI rose 2.9%, compared

As Inauguration Day rolls around the US, the first political domino to topple may be the industry’s banking roadblocks, though the White House might be the wrong place to look for the most consequential actions. The crypto industry will surely cheer loudly for some of the executive fireworks when President-elect Donald Trump is sworn in,

Pakinomist – Prominent supporter and executive chairman of MicroStrategy, Michael Saylor, recently said that Bitcoin is worth all the money in the world. Saylor continues to back up his sentiment with action, regularly adding Bitcoin to MicroStrategy’s holdings when liquidity allows, despite the fact that such a statement may seem overly dramatic. Recent acquisitions show

Bitcoin (BTC) and other digital assets have fallen as part of a broader macro-driven sell-off in the market, and there is a risk that forced selling could lead to further weakness, investment bank Standard Chartered said in a report on Monday. The market downturn was triggered by Federal Reserve Chairman Jerome Powell’s hawkish press conference

Bitcoin (BTC) adoption by US publicly traded companies continues at full steam. The latest purchase comes from NYSE-listed Genius Group (GNS). On January 10, GNS reported increasing its bitcoin holdings to $35 million, which was ahead of its planned goal of $120 million. In the process, it acquired 372 BTC at an average price of

Bitcoin’s (BTC) rapid recovery from below $90,000 since Monday suggests a bullish outlook. However, one factor casts doubt on the durability of these gains, indicating the possibility of significant downside volatility if the upcoming US inflation data comes in hotter than expected on Wednesday. This factor is the supply of large stablecoins, which has stagnated,

Pakinomist– Bitcoin extended gains on Wednesday after a strong rally in previous sessions amid a bullish outlook for the cryptocurrency as investors drew on concerns about U.S. interest rates ahead of an inflation report. rose 2.1% to $97,003.4 at 01:50 ET (0650 GMT). The token had risen sharply on Tuesday, surging above the $97,000 mark,

Crypto derivatives platform Deribit has received potential acquisition interest, Bloomberg reported Wednesday, citing sources. The report added that the firm is working with Financial Technology Partners to review the options. Deribit CEO Luuk Strijers told CoinDesk that the options platform had appointed FT Partners as an adviser for general advisory services and potential secondaries back

George Town, Cayman Islands, 14 January 2025, Pakinomist Sonic Labs announced the launch of its points program today, an innovative incentive framework designed to reward users and stimulate the growth of DeFi on Sonic. Through a multi-layered approach that combines passive asset holding, active liquidity utilization, and developer-focused “Sonic Gems,” the program will distribute around