Cathie Wood’s ARK Invest went bargain hunting on Monday as some of the biggest listed names in the crypto sector, including Coinbase ( COIN ), Bullish ( BLSH ) and Circle ( CRCL ), extended a multi-day slide. According to the email disclosure, ARK’s roughly $59 million in crypto-stock purchases included about $16.3 million from […]
ARK steps in as crypto stocks extend multi-day selloff Read More »
Market participants appeared to be focused on liquidity conditions and risk reduction, with selling pressure intensifying around previously well-defined support levels. News background XRP traded significantly lower in the recent session as broader crypto markets faced renewed risk-off pressure. Despite continued spot ETF inflows over recent weeks, short-term price action has been dominated by technical
Ripple linked token sees risk of deeper pullback Read More »
Dogecoin lost a critical technical level after a sharp sell-off in high volume, signaling a change in the short-term market structure and forcing traders to reassess risk in the short term. News background Dogecoin fell 5.5% over the past 24 hours, falling from $0.1367 to $0.1291 as selling pressure intensified across the broader crypto market.
Dogecoin’s dive below $0.13 attracts institutional attention Read More »
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. With only two weeks left in the year and many
Bitcoins BTC$89,629.86 The 30-day simple moving average (SMA) hashrate has recorded its steepest decline since the April 2024 halving, according to Matthew Sigel, head of digital assets research at VanEck. The Bitcoin hash rate measures the total computing power that secures the network. Former Canaan chairman Jack Kong said in a post on X that
BTC Hashrate Sees Sharpest Post-Halving Drop Since 2024 Amid China Machine Shutdowns Read More »
Coinbase’s (COIN) “system update” scheduled for Wednesday could mark a key moment in its attempt to pivot from a crypto exchange to a broader fintech platform, with analysts saying it will likely be much more than a backend update. Coinbase will use the event to unveil a range of new products across commerce, payments and
Preview of crypto exchange Coinbase’s (COIN) system update Read More »
*** NOT FOR PUBLICATION – CONNECTED UNTIL 8PM ET DEC 15. *** Startale Group and SBI Holdings have signed a memorandum of understanding to develop a fully regulated, yen-denominated stablecoin for global settlement and institutional use, the companies said in a press release on Monday. The project pairs Startale’s blockchain stack, including its work on
SBI, Startale to Launch Regulated Yen Stablecoin for Global Settlement Read More »
Payments company PayPal ( PYPL ) applied for an industrial bank license in Utah, it said Monday, with the goal of creating a lending division called PayPal Bank. The company, which also operates the PYUSD stablecoin through a partnership with Paxos, said in a press release that it intends to “provide business lending solutions” to
PayPal, issuer of PYUSD, applies for license as an industrial bank in Utah Read More »
Filecoin FILE$1.2643 broke through critical technical support on Monday, with the token falling 5.1% to $1.24 as a massive surge in volume signaled institutional selling pressure, according to CoinDesk Research’s technical analysis model. The broader crypto market also fell sharply, with bitcoin recording a 3.5% drop and CoinDesk 20 4.4%. Trading volume exploded to 11.74
Filecoin dives 5% after breaking rising trend support Read More »
Nasdaq is preparing to file paperwork with the US Securities and Exchange Commission (SEC) to enable nearly 24-hour trading, aiming to match the increasingly global nature of financial markets and investor behavior, Reuters reported on Monday. According to the proposal, Nasdaq will extend the opening hours for stocks and exchange-traded products (ETPs) from 16 hours
Nasdaq, home of Coinbase, Strategy shares, apply for 23-hour trading Read More »
