Wall Street bank JPMorgan ( JPM ) called Robinhood’s ( HOOD ) third-quarter results solid but lower quality, as weaker crypto revenue and tax benefits caused a big chunk of earnings to take a hit. The bank said the hit to around 15% earnings per share (EPS) was mainly due to a lower tax rate […]
Robinhood’s (HOOD) Crypto Income Miss Tempers Solid Quarter: JPMorgan Read More »
Wall Street giant Citi ( C ) said the sluggish start to the traditional Santa Claus rally may not yet derail the year-end stock rally, but pointed to bitcoins BTC$101,596.00 fall as a warning sign. Bitcoin’s trading behavior has historically mirrored the fortunes of the Nasdaq 100: When the cryptocurrency is above its 55-day moving
Bitcoin (BTC) Weakness Sends Warning to Stocks, Says Citi (C) Read More »
Stream Finance’s recent disclosure of a default and a $93 million loss, coupled with October’s $20 billion crypto crash, has left digital asset lenders scrambling to de-risk while keeping credit lines robust, according to a new note from Flowdesk. Flowdesk says leverage is being reduced as traders reassess counterparties, but credit is not frozen. Borrowing
Market Maker Flowdesk Says Crypto Credit Strikes a Fragile Balance Read More »
Bitcoin hovered around $102,000 on Friday as crypto markets struggled to sustain a rally weighed down by renewed caution in global stocks and a stronger dollar. Total crypto market capitalization rose 1% in the past 24 hours to $3.4 trillion, its first gain after four straight days of decline, though traders remain wary that the
Bitcoin, Dogecoin Retreat as AI Valuations Scrutinize Read More »
XRP plunged sharply on Wednesday as sellers breached key support zones, triggering widespread liquidation across exchanges, while institutional flows drove the heaviest trading activity in over a week. News background XRP fell 7.5% in 24 hours, falling from $2.40 to $2.22 in a broad-based selloff that accelerated after the token broke technical support at $2.28.
Crash Sends Ripple-Linked Token Towards $2.20 Defense Zone Read More »
According to CoinDesk Research’s technical analysis data model, ether ETH$3,364.14 fell 3.3% to $3,331 in the past 24 hours, breaking below the key $3,400 support level despite evidence of aggressive whale accumulation. ETH-USD 1-month chart (CoinDesk data) The decline erased recent gains as sellers overwhelmed buyers at crucial price points. ETH posted a lower-high structure,
Fall to $3.331 with whales buying $1.37B during split Read More »
Dogecoin slipped for the second session in a row as heavy whale distribution and technical weakness overshadowed optimism surrounding Bitwise’s expected launch of the DOGE ETF within 20 days. News background Bitwise Asset Management confirmed that its spot Dogecoin ETF can launch within 20 days under the Section 8(a) automatic approval rule, pending no SEC
US listing soon, but DOGE Technicals paint a bearish picture for now Read More »
Bitcoin BTC$101,859.36 holding around $103,000 after rising from Wednesday’s level below $100,000. The CoinDesk 20 Index (CD20) is up 1.8% in 24 hours. Still, the major cryptocurrency remains in a technical downtrend from its Oct. 6 record high of $126,000, having formed a lower high of $116,000 as well as consecutive lower lows. The altcoin
Bitcoin Holds $103K as Altcoins Lag and Traders Hedge Downside Read More »
Ireland’s central bank has fined Coinbase Europe 21.4 million euros ($24.6 million) for breaching its anti-money laundering (AML) and terrorist financing monitoring obligations between 2021 and 2025, the bank said in a press release on Thursday. Coinbase Europe has been fined due to errors in the configuration of its transaction monitoring system, which resulted in
Central Bank of Ireland fines Coinbase $24.6m for anti-money laundering errors Read More »
USDT USDT$0.9997 Issuer Tether’s tokenization arm Hadron is teaming up with ETF issuer KraneShares and Bitfinex Securities to develop and scale tokenized financial products, the companies said in a statement Thursday. The initiative plans to create tokenized versions of exchange-traded products and build the systems necessary for them to trade on regulated digital asset platforms.
Tether’s Hadron, Bitfinex Securities tokenize ETFs by KraneShares Read More »
