Business

Franklin Templeton Joins the XRP ETF Race, Calling It ‘Foundational’ for Global Finance

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Franklin Templeton launched its XRP exchange-traded fund (ETF), Franklin XRP Trust (XRPZ), on NYSE Arca on Monday, giving investors regulated access to the XRP token. The move places one of Wall Street’s oldest institutions in the growing field of XRP fund issuers, which already includes Bitwise, Grayscale and Canary Capital. The launch expands Franklin’s crypto […]

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Bitcoin’s (BTC) $1T Route Reveals Fragile Market Structure, Deutsche Bank Says

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Deutsche Bank (DB) said bitcoin’s BTC$87,476.14 sliding to around $80,000 on November 21st, about 35% below the peak in early October, shows how quickly macroeconomic pressures and fragile market structures can erase crypto gains, wiping out nearly $1 trillion in value before the token bounced back towards $87,000. The world’s largest cryptocurrency was priced around

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Monad’s MON token makes weak trading debut as soft demand, tokenomics raise concerns

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The MON token for the newly introduced Monad blockchain made its trading debut on Monday, but early market activity suggests a lukewarm reception for one of the most anticipated layer-1 blockchains of the year. MON changed hands around $0.02417 in the first hours of trading, according to data from Coinbase. With 10.83 billion tokens in

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DOGE Trading Ideas debuts with Grayscale’s GDOG ETF

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Dogecoin pulls back from early session strength as Grayscale’s DOGE ETF debut fails to offset selling pressure and persistent resistance levels. News background Grayscale launched its DOGE ETF (GDOG) on the New York Stock Exchange, expanding institutional access to the meme coin. The debut follows ongoing ETF expansion across the crypto industry, including XRP and

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Monad Blockchain Goes Live With 100B MON Token Supply, Airdrop

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The Layer-1 Monad blockchain went live on Monday, accompanied by an airdrop of its MON token. The Monad team described blockchain as a “high-performance network capable of supporting a wide range of growing industry verticals, including DeFi, payments/stablecoins, and new institutional use cases for high-frequency finance.” Previously, the team said the blockchain is also “EVM

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Cipher (CIFR), CleanSpark (CLSK) Upgraded by JPMorgan (JPM) as HPC Shift Accelerates

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Wall Street bank JPMorgan is sharpening its sights on US-listed bitcoin miners as a wave of high-performance computing (HPC) deals reshape business models and add long-term revenue certainty. The bank upgraded Cipher Mining (CIFR) to overweight from neutral and raised its price target on the stock to $18 from $12. Shares were 4.2% higher in

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What’s Next for Bitcoin (BTC) Price as Fed Rate-Cut Bets Rebound: Crypto Daybook Americas

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By Omkar Godbole (All times ET unless otherwise noted) The new week does not start on the brightest note. Bitcoin BTC$86,272.19 already pulling back from the weekend, falling to $86,000 from around $88,000. The CoinDesk 20 Index (CD20) is also feeling the cold, falling to 2,758 points from the weekend’s high of 2,816. BTC has

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Revolut hits $75B valuation in fundraise backed by Coatue, NVIDIA, Fidelity

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London-based fintech company Revolut has secured a valuation of $75 billion following a secondary share sale involving several of the world’s largest investment firms, the company announced in a press release. The transaction was led by Coatue, Greenoaks, Dragoneer and Fidelity, with participation from Andreessen Horowitz, Franklin Templeton and NVIDIA’s venture arm, NVentures. The deal

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China Returns As Third Largest BTC Mining Hub With 14% Share: Reuters

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Bitcoin BTC$87,267.39 mining is seeing a significant revival in China, although the activity was formally banned in 2021, according to Reuters. After all but disappearing from the global landscape, China has climbed back into third position with an estimated 14% share of global mining in October, according to the Hashrate Index. This resurgence is driven

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