Li Lin, the founder of Huobi and chairman of Hong Kong-based Avenir Capital, is leading a new $1 billion Ether ETH$3,796.76 trust along with several of Asia’s most influential early Ethereum investors, according to Bloomberg. The report, which cites people familiar with the matter, claims that Li has teamed up with Fenbushi Capital co-founder Shen […]
Huobi Founder Creates $1B Ether Treasury Company Read More »
Stellar Lumens (XLM) faced notable institutional selling pressure between October 16-17, falling 6.25% from $0.32 to $0.30 in a 23-hour trading period. Trading volume rose to 89.11 million tokens, with a peak liquidation occurring between 06:00 and 08:00 GMT on October 17. Analysts attributed the move to coordinated institutional profit-taking rather than retail panic, as
XLM down 6% amid strong selling pressure Read More »
HBAR fell sharply during the 24-hour period from October 16 at 15.00 until 17 October at 14:00, and fell from $0.18 to $0.16 – a decrease of 11.15% within a trading range of 12.74%. The biggest sale took place between 06:00 and 08:00 on October 17, when the price fell from $0.17 to $0.16 on
HBAR slips 11% as selling pressure deepens Read More »
With little in the way of government economic statistics, comments from Fed speakers have taken on more weight, and Bank of America found little in the recent chatter to suggest the central bank will not pursue rate cuts at its final two meetings in 2025. New York Fed President John Williams, a key voice on
Latest Fedspeak Confirms Intentions for Continued Interest Rate Cuts: BofA Read More »
Japan’s three largest banking groups are reportedly planning to jointly launch a stablecoin as institutional interest in blockchain-based digital money grows. According to a Friday report from Nikkei, Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group and Mizuho Financial Group will create a common framework for issuing and transferring stablecoins among their corporate clients.
Japan’s Top Banks Plan Joint Stablecoin Launch, Nikkei Reports Read More »
CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. CoinDesk 20 is currently trading at 3473.18, down 2.6% (-93.07) since 4 PM ET Thursday. None of the 20 assets are trading higher. Leaders: XRP (-1.6%) and POL (-1.8%). Laggards: AAVE (-10.1%) and BCH (-8.7%). The
The index falls 2.6% as all components trade lower Read More »
The crypto market is a sea of red as the ongoing trade tensions and tightening of liquidity in the US financial system drive demand for safe-haven Treasuries. Bitcoin BTC$105,344.12 has dropped below its 200-day SMA to trade near $104,500, representing a 6% drop in 24 hours. Other important tokens such as ether ETH$3,781.73, XRP$2.2780solana SUN$181.02,
BTC, Altcoins Plunge As Liquidity Tightens And Safe-Haven Demand Increases Read More »
By Francisco Rodrigues (all times ET unless otherwise noted) Bitcoin BTC$105,585.12 fell below $105,000, wiping out all of its gains in the early week as growing concerns over credit market stress and a wave of forced liquidations hit crypto markets. Over $1.2 billion in leveraged crypto positions were liquidated in the past 24 hours, according
Ethereum-based decentralized exchange (DEX) Uniswap said it has added support for Solana, potentially enabling the unification of the two largest decentralized finance (DeFi) ecosystems. The move will provide easy access to Solana, Ethereum and 13 other chains in one place, Uniswap Labs said on X Friday. The integration of Solana into the Uniswap web app
Ethereum-Based Uniswap Adds Solana Support in Win to Tackle DeFi Fragmentation Read More »
Gold, the world’s first-ever US$30 trillion asset, has beaten expectations for 2025, rising more than 60% year-to-date to trade at approximately US$4,340 per ounce. ounces. One way to assess gold’s strength is by measuring its performance against the M2 money supply. (M2 refers to a broad measure of money in circulation, including cash, checking deposits,
Gold’s next breakout could ignite the final phase of the Bull Run Read More »
