Core Foundation, the creator of the yield-bearing lstBTC token, won an injunction against Maple Finance due to alleged breaches of confidentiality related to their partnership in bringing the token to market. The Grand Court of the Cayman Islands barred Maple Finance, which filled its own liquid token, sirupBTC, or from trading in CORE tokens pending […]
Cryptocurrency exchange Kraken’s choice to go ahead with a confidential IPO, just days after securing an $800 million raise, shows an exchange trying to capitalize on market momentum as US regulators move toward clearer crypto regulations. The timing surprised some market observers, as the company’s recent capital raising involved a strong private market valuation and
Why the stock exchange wants to go public now Read More »
Japanese Prime Minister Sanae Takaichi’s cabinet approved a multibillion-dollar stimulus package on Friday, delivering on the new leader’s promise to pursue an expansionary fiscal policy. The stimulus, worth JPY 21.3 trillion ($135.40 billion), includes general account spending of JPY 17.7 trillion, significantly larger than last year’s JPY 13.9 trillion, representing the biggest fiscal bazooka since
BTC Dip Continues on Japan’s $135B Stimulus Announcement Read More »
Bitcoin extended its slide on Friday morning Hong Kong time, falling below $85,500, CoinDesk data showed, as the market absorbed a new wave of selling pressure and another shift in global interest rate expectations. The drop leaves BTC up more than 7% over the past 24 hours and more than 20% over the past month,
The token pierced the critical $2.10 floor during the late-session selloff as traders dumped positions ahead of a potential deeper correction. News background • XRP traded in a volatile $2.03-$2.15 range as broader crypto markets weakened under macro pressure• The token’s sharp jump from $2.03 came amid a 28% surge in volume, signaling active dip
What next for Ripple as Bitcoin drops $90,000 again 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 Daybook Americas. Zcash ZEC$657.99 has been one of the strongest performers of
Why is ZEC rising? This metric can explain it Read More »
Fidelity Digital Assets said Ethereum blockchain’s Fusaka upgrade marks a decisive shift towards a more strategically aligned and financially coherent roadmap. Fusaka, a mix of the names Fulu and Osaka, includes two simultaneous changes to Ethereum’s consensus and execution layers and is expected to happen in December. For years, Ethereum’s development path has been shaped
Continuing recent patterns, even the most modest crypto gains were met with waves of selling on Thursday that sent bitcoin BTC$86,865.54 back to $88,000 after a rally above $93,000 just hours earlier. The rally had begun Wednesday evening in the US after Nvidia ( NVDA ) calmed jittery markets with an earnings beat and rosy
Drops to $88K, Bounce Clears After Nvidia Earnings Read More »
In the summer of 2020, Michael Saylor—then CEO of what was then called MicroStrategy (MSTR)—made a decision that would change the financial strategy of his publicly traded company and roil corporate boardrooms for years to come. Originally created as a business intelligence software company, the company now known as Strategy had over $500 million in
How a bet sparked a company change Read More »
Dozens of crypto groups asked President Donald Trump to help them with the policy initiatives his administration may push through as Congress continues to negotiate the next steps in the market structure legislation that has been the sector’s Washington priority. The letter, led by the newly established Solana Policy Institute and signed by others including
Crypto lobbyists beat Trump to get things done amid congressional uncertainty Read More »
