Business – Page 259

Solmate buys RockawayX in one-stop deal to build $2bn Solana institutional giant

Abu Dhabi-focused Solana infrastructure firm Solmate (SLMT) has signed a non-binding term sheet to acquire digital asset firm RockawayX in an all-stock deal that would create an institutional crypto group with more than $2 billion in assets and third-party stake. The combined company would fold RockawayX’s infrastructure, liquidity and asset management units into Solmate, which […]

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Extend Losses as Bitcoin’s $91K Support Back in Focus

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Bitcoin hovered around $92,000 on Friday after another failed attempt to break above $93,000 overnight, extending the choppy, directionless structure that has defined the past several sessions. The move reinforces the same pattern that has persisted since late November, with sellers defending the mid-$93,000s, buyers stepping in near $91,000, and neither side gaining enough momentum

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Ripple at risk of $2.05 Retest as Bitcoin gives back weekly gains

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Ripple’s token breaks critical floor of $2.07 amid rising volume, signaling a deeper correction ahead. News background XRP continues to face conflicting forces as short-term technical weaknesses collide with strengthening institutional adoption. Spot XRP ETFs have now attracted nearly $850 million in inflows since launching in mid-November — one of the strongest altcoin ETFs ever

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ETF meets bearish reality as Dogecoin posts fresh lower lows

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Meme coin breaks key technical level as institutional-sized trades dominate Wednesday’s session amid ETF filings. News background Dogecoin’s decline came despite an increase in network activity and renewed ETF speculation. Both 21Shares and Grayscale advanced filings for spot DOGE ETFs, adding to expectations that meme coins could see wider institutional availability in the coming months.

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Here’s how Friday’s inflation report could move prices

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The Fed’s preferred inflation gauge, core PCE, likely rose in September – moving in the wrong direction. Still, volatility indices show no signs of major turbulence. Core PCE likely rose 2.9% year-on-year in September, heading in the wrong direction from the Fed’s target of a 2% annual rate, according to FactSet. If the actual number

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US CFTC-powered spot crypto trading goes live, opening of new (regulated) arena

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The US Commodity Futures Trading Commission is ushering in a new form of federally regulated crypto trading, after encouraging its regulated platforms to open up leveraged spot products for digital assets, set to begin next week with Bitnomial. The Bitnomial exchange is regulated by the US derivatives watchdog as a Designated Contract Market (DCM), meaning

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The next breakout will come from infrastructure, not narratives, Hashed says

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Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Diary Americas. Hashed says the crypto market is finally shifting from storytelling

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Blockdaemon, VerifiedX Plans to Bring Institutional-Grade DeFi to Mass Market Users

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Crypto infrastructure provider Blockdaemon and Bitcoin sidechain VerifiedX said they are teaming up to make day-to-day crypto use simpler for non-technical users. The move, which includes earning dividends to send money overseas, will see the same escrow and blockchain infrastructure that Blockdaemon provides to banks and asset managers integrated into VerifiedX’s two consumer apps: the

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What advisors should know as the market matures

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In today’s “Crypto for Advisors” newsletter, Gregory Mall of Lionsoul Global breaks down the crypto yield, highlighting its maturity along with its role in a portfolio. We look at why dividends may ultimately become crypto’s most durable bridge to mainstream portfolios. Then, in “Ask an Expert,” Kevin Tam highlights key investments from recent 13F filings,

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ICP Inches higher as cross-chain themes attract market interest

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ICP$3.7866 rose 1.1% in the past 24 hours with volatility dominating price movements. The token traded within a 5.5% intraday range, moving between repeated support tests and brief rallies that failed to overcome near-term resistance. according to CoinDesk Research’s technical analysis data model. A volume expansion defined early trading. ICP saw 1.96 million tokens change

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