Volatility returned to the crypto markets on Monday as bitcoin BTC$77,195.09 rose up to $79,480 before quickly returning to $77,800. The move began around 23:00 UTC with the opening of US stocks and CME bitcoin futures, a period that often sees increased volatility. At 05:30 UTC, the price started falling after failing to break above […]
KBank, the South Korean digital-only bank that serves as the exclusive banking partner of crypto exchange Upbit, is set to test onchain cross-border money transfers with Ripple, the bank said on Monday. The two companies have completed the first phase of a proof-of-concept using a wallet-based remittance system and are now in phase two, testing
South Korea’s largest digital bank uses Ripple for high-speed global transfers Read More »
CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2106.81, down 0.8% (-17.25) since 16 ET Friday. Three out of 20 assets are trading higher. Leaders: AAVE (+1.0%) and CRO (+0.8%). Laggards: XLM (-3.4%) and NEAR (-2.9%). The
Stellar (XLM) falls 3.4%, leading index lower Read More »
Bitmine Immersion Technologies (BMNR), the ether (ETH) financial company led by Chairman Thomas “Tom” Lee, bought 101,901 ETH over the past week, pushing its total holdings to over 5 million tokens of the second largest cryptocurrency. The purchase lifted the firm’s ETH cache to 5,078,386 tokens, or about 4.21% of ether’s circulating supply, according to
Tom Lee touts ETH as ‘wartime store of value’ as Bitmine (BMNR) buys more Read More »
Bitcoin BTC$77,060.72 has risen about 14% this month, its best monthly performance in a year, and the consensus is that the price could soon push past $80,000, a level not seen since January. Yet the perpetual futures market, which is typically synchronized with spot price action, behaves as if the opposite is true. Specifically, the
In the often divisive world of decentralized finance, crises tend to reveal fault lines. This time they also reveal an unusual level of coordination. Aave, one of DeFi’s largest lending protocols, is at the center of a broad recovery effort following losses linked to the Kelp DAO exploit, drawing capital and credit commitments from across
Who Pledges Aave’s $300M DeFi Recovery Effort After Massive Kelp DAO Exploitation Read More »
Bitcoin’s Sunday evening rally stalled near $79,400 and is starting to show signs of fatigue, with several indicators pointing to potential near-term weakness as the price trades back around $77,000. First, the Coinbase premium index has turned negative for the first time since April 8, according to Coinglass data. The move to -0.04% follows a
Bitcoin signals flash caution as conference starts and momentum wanes Read More »
Western Union (WU) is preparing to roll out a stablecoin strategy that could reshape how the 175-year-old money transfer company processes payments across its global network. CEO Devin McGranahan said on the company’s first quarter earnings call that Western Union’s US dollar stablecoin (USDPT) is in the final stages of clarity and is expected to
International stablecoin payments among businesses will total $5 trillion by 2035, fintech analysts Juniper Research said in a new report. That figure would be 373 times greater than the estimated total value of $13.4 this year. “Stablecoins are increasingly embedded in cross-border business-to-business (B2B) transactions, treasury operations and supply chain settlements, where their programmability and
Cross-border B2B stablecoin payments to reach $5 trillion by 2035, says Juniper Research Read More »
Bitcoins BTC$76,828.48 The recent rally towards $80,000 is showing signs of strain, with low trading volume and muted derivatives activity raising questions about how sustainable the rally can be. In a weekly report, 10x Research head Markus Thielen pointed to a disconnect between price action and underlying market participation. “Bitcoin rose 4.7% over the past
BTC rally shows lack of conviction, analyst says Read More »
