Business – Page 495

HBAR falls 4% to $0.1247 as afternoon sell-off breaks

HBAR is trading lower on Thursday after breaking through several technical levels during an afternoon selloff that pushed the token down 4% to $0.1247. The Hedera network’s native token is posting a $0.0082 range, representing 6.4% volatility, as resistance at $0.1320 proves insurmountable for bulls trying to extend gains. Volume patterns reveal increased institutional participation […]

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Dip below $90,000 as AI bubble worries weigh on tech stocks

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Artificial intelligence-focused stocks come under pressure on Friday, dragging technology-related stocks and bitcoin. BTC$92,441.66 lower during the early US session. Chipmaker Broadcom ( AVGO ), the ninth-largest asset by market capitalization, fell 10% despite strong earnings as its outlook disappointed investors’ lofty expectations. The Nasdaq index fell more than 1% in the first hour of

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Backed, Chainlink unveils xBridge to move tokenized shares between Solana and Ethereum

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Backed Finance introduces xBridge, a new cross-chain bridge designed to move tokenized shares across blockchains without losing track of stock splits, dividends or other corporate actions. Revealed at the Solana Breakpoint and built in collaboration with Chainlink, xBridge allows users to transfer tokenized stocks, called xStocks, between Ethereum and Solana, according to an emailed announcement

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Phantom Adds Kalshi to Wallet, Lets Users Trade Prediction Markets with Solana Tokens

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Crypto wallet Phantom is rolling out prediction markets to its 20 million users through a partnership with Kalshi, the US-regulated event trading exchange, the firm said on Friday. The feature will allow Phantom users to trade real-world outcomes such as US elections, macroeconomic events or crypto prices without leaving the wallet interface. Phantom also introduces

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Poland resubmits veto of crypto law to align with EU rules amid Russia-linked threats

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Poland’s government reintroduced a cryptocurrency bill that President Karol Nawrocki vetoed last week, and Prime Minister Donald Tusk urged him to sign the law to mitigate what officials say are national security threats linked to Russia and other former Soviet states, Rzeczpospolita reported. The bill, formally known as the Cryptoasset Market Act, will align Poland’s

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YouTube now allows US content creators to be paid in PayPal’s Stablecoin: Fortune

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YouTube enabled American content creators to receive their earnings in PayPal’s (PYPL) stablecoin PYUSD, according to a report by Fortune, which cited PayPal’s head of crypto May Zabaneh. “The beauty of what we’ve built is that YouTube doesn’t have to touch crypto, so we can help remove that complexity,” Zabaneh said. She added that PayPal

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US SEC gives implicit nod to tokenized shares

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The US Securities and Exchange Commission (SEC) gave implicit approval for some stocks and other securities to be tokenized and traded on blockchains. Depository Trust & Clearing Corp. (DTCC), the world’s largest securities settlement system, said Thursday that a subsidiary, Depository Trust Co. (DTC), received a no-action letter allowing it to offer a tokenization service

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Bitcoin (BTC) Price Volatility Meltdown: Crypto Daybook Americas

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By Omkar Godbole (All times ET unless otherwise noted) Bitcoin BTC$92,275.85the leading cryptocurrency by market cap, continues to trade aimlessly above $90,000, with implied volatility in the meltdown as the year-end approaches. Volmex’s BVIV, which tracks bitcoin’s option-based 30-day implied volatility, has fallen to 45.10% year-on-year, the lowest since Nov. 10, according to TradingView data.

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Bitcoin Treads Water After Fed Cuts As Altcoin Fall Deepens

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The crypto market remained volatile on Friday with bitcoin BTC$92,346.65 after spending the past seven days between $88,000 and $94,000 in a week dominated by the Federal Reserve’s decision to cut interest rates by 25 basis points. Interest rate cuts are typically seen as bullish catalysts for risk assets like bitcoin, as investors are less

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From Lockstep to Lag, BTC Poised to Catch Up to Small Cap Highs

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For the first time in five years, the Russell 2000 Index (IWM) hits record highs, while bitcoin BTC$92,548.78which usually peaks in tandem, is out of sync and remains 27% below October’s record. History suggests that the largest cryptocurrency, and cryptocurrencies more broadly, will likely catch up. The Russell 2000, a gauge of U.S. small-cap stocks,

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