Babylon Labs has raised $15 million in funding from a16z crypto to support the development and scaling of Babylon Trustless BTCVaults, an infrastructure system designed to allow native bitcoin to be used as collateral across onchain financial applications, the company said in a blog post on Wednesday. The platform’s BABY token was higher by 13% […]
Babylon Labs Raises $15M for Trustless BTCVaults Read More »
Stretch (STRC), the perpetual preferred stock issued by Strategy (MSTR), the largest corporate owner of bitcoin BTC$91,884.53regained $100 in pre-market trading for the first time since early November, opening the door for selling to fund more BTC purchases. STRC last traded at that level between November 4th and November 13th before falling to a low
MSTR’s perpetual favorite STRC returns to $100, allowing equity issuance to buy more BTC Read More »
By Omkar Godbole (All times ET unless otherwise noted) Major cryptocurrencies including bitcoin BTC$92,012.40, XRP$2.2497 and solana SUN$137.77has lost more than 1.5% in the past 24 hours. All 16 CoinDesk sector indices are in the red, led by the DeFi Select Index down 3.6%.16 CoinDesk sector indices are in the red, led by the DeFi
Start-of-the-year recovery rally stalls: Crypto Daybook Americas Read More »
Bitcoin BTC$92,158.47 and the broader crypto market succumbed to a wave of selling pressure during the Asia session, leading to a drop to around $91,530 at 10:00 UTC from around a local high of $93,750 at midnight. The sell-off follows a failed attempt to break above $94,500 on Tuesday, the third in the past five
Selling from Asia session drags bitcoin, altcoins lower Read More »
British lender Lloyds Banking Group is claiming bragging rights for completing the first UK gold purchase using tokenized deposits, or blockchain representations of bank deposits in fiat currency. Lloyds, the country’s third-largest bank by market capitalization, said it enlisted the help of crypto-trading platform Archax and privacy-focused Canton Network to buy the sovereign debt. The
Lloyds Banking Group completes UK’s first gold purchase using tokenized deposits Read More »
Digital asset Treasury company Metaplanet (3350) rose 4% in Tokyo on Wednesday after index provider MSCI decided not to exclude firms building cryptocurrency stocks from its global indexes. Metaplanet is now up 20% since the start of the year. The increase means the company is valued at a premium to its bitcoin holdings, with a
Metaplanet (3350) extends rally to over 20% year-to-date after MSCI index decision Read More »
Karatage, a leading London-based proprietary hedge fund specializing in digital assets and emerging technology, has appointed Shane O’Callaghan as senior partner and head of institutional strategy. O’Callaghan joins from Dutch market maker IMC Trading, where he was employed as global head of institutional partnerships and digital asset sales for the past year. Before joining IMC,
Hedge fund Karatage hires IMC veteran Shane O’Callaghan as senior partner Read More »
Binance Futures, the derivatives arm of the world’s largest cryptocurrency exchange by trading volume, will launch perpetual silver contracts on Wednesday, allowing crypto traders to place leveraged bets on 2025’s rare precious metal. Perpetual futures contracts, or “perps,” are derivatives that let traders bet on an asset’s price without owning it and without expiration dates,
Crypto traders can now take leveraged bets on silver via Binance Futures Read More »
Bitcoin price today: down to $92.7k as geopolitics, macro risks stalling recovery
Bitcoin price today: down to $92.7k as geopolitics, macro risks stalling recovery Read More »
Bitcoin BTC$92,642.73 traders may want to add the Japanese yen (JPY) to their list of related markets and move beyond the dollar index as the cryptocurrency’s connection to the yen has hit an all-time high over the past 90 days. The 90-day correlation coefficient between BTC and Pepperstone’s JPY index has risen to 0.86, an
BTC and the Japanese yen are moving together like never before Read More »
