Bitcoin BTC$63,304.16 regained $65,400 early Wednesday as a weaker US dollar and a risk-on tone across Asian stocks gave crypto markets their first clean bounce in weeks. The broader crypto market capitalization had fallen to $2.19 trillion earlier in the week, virtually retesting the lows hit during the February 5 crash. That closeness is what […]
BTC zooms above $65,000 as bullish ‘double bottom’ hopes build Read More »
More than 400,000 BTC have been accumulated between $60,000 and $70,000 during bitcoin’s recent slump, underscoring aggressive dip buying as the market pulled back sharply, according to Glassnode data. Supply in the $60,000 to $70,000 band has increased from about 997,000 BTC on January 1 to about 1.43 million BTC today, an increase of approximately
Over 400,000 BTC bought between $60k and $70k during BTC’s recent downturn Read More »
A group of global financial firms completed the first cross-border intraday repurchase agreement using tokenized UK government bonds on the Canton Network, a blockchain designed for institutions. The transaction marks the first time digital versions of gilts, a $2-trillion market, have been used in a cross-border intraday repo, according to a release shared with CoinDesk.
Canton promotes cross-border repos to free up $300 trillion in assets Read More »
Coinbase (COIN) opened up stock and exchange-traded funds (ETF) to all US customers, expanding beyond digital assets as part of its plan to become an “everything exchange.” The rollout allows users to buy and sell US-listed stocks and ETFs on the same platform they use for crypto. Trading takes place 24 hours a day, five
Coin base trading stocks, ETFs as it expands product line beyond crypto Read More »
Cryptocurrency payments firm MoonPay has introduced a non-custodial financial layer that gives AI agents access to wallets, funds and the ability to transact autonomously, the company said on Tuesday. MoonPay Agents, as the new service is called, requires a user to verify and fund their agent’s wallet through MoonPay, and then the agent can take
MoonPay Unveils AI Onramp for Brave New Agent Economy 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 1816.14, down 2.0% (-36.33) since 4 PM ET Monday. One in 20 assets is trading higher. Leaders: ICP (+1.2%) and NEAR (-0.3%). Laggards: BCH (-4.2%) and SUI (-2.5%). The
the index falls 2% as almost all constituents fall Read More »
Meta, the US tech giant led by Facebook creator Mark Zuckerberg, aims to enter the stablecoin space later this year, pending successful integration with a third-party firm to facilitate payments using the dollar-pegged token technology, according to three people familiar with the plans. The tech giant, which owns Facebook, WhatsApp and Instagram and has more
The well-followed Coinbase Bitcoin Premium Index briefly looked like it was recovering from the February 5 crash. It wasn’t. The premium has now been negative for 40 days in a row, according to Coinglass data, marking the longest streak of readings below zero since 2023. The current reading stands at -0.0467%, barely changed from two
US demand turns negative for record 40 days as “bitcoin zero” searches peak Read More »
Crypto exchange Binance on Tuesday accused The Wall Street Journal of publishing “false information” in a Monday article that the exchange is allegedly firing employees who investigate funds moving through the exchange to sanctioned entities. Richard Teng, Binance co-CEO, accused the WSJ of “inaccurate reporting on our compliance program” in an X post. He included
Stripe, which processed $1.9 trillion in transactions last year and was recently valued at $159 billion, is considering acquiring all or part of PayPal (PYPL), according to a Bloomberg report. Considerations are at an early stage, the report continued. If completed, the deal would bring together two major payments companies that have both moved into
