Bitcoin BTC$113,324.85 has long been described as “digital gold” and, like the precious metals, is often set up as a hedge against inflation. But new data from NYDIG suggests that the narrative is not true. In his weekly summary, NYDIG’s global head of research Greg Cipolaro found that inflation is not a reliable factor driving […]
Bitcoin is not digital gold, it is a ‘liquidity barometer’, says NYDIG Read More »
If confirmed, current SEC official Mike Selig will take over the US commodities watchdog as it prepares to gain broad authority over crypto.
Trump Names SEC Crypto Task Force Head Selig as Next Nominee to Lead US CFTC Read More »
The first US-listed exchange-traded fund (ETF) offering spot exposure to XRP has surpassed $100 million in assets under management (AUM) just one month after launch, according to issuer REX-Osprey. The ETF, REX-Osprey XRP ETF (XRPR), has seen rapid growth since its launch in September. It offers investors direct exposure to XRP, which is currently the
First US Spot XRP ETF Surpasses $100M in assets under management Read More »
Solana SUN$194.09 traded around $191.95 at 15:45 UTC on October 25, after a push towards $195 faded, with traders looking to see if the market can hold the high $180s and convert $192-$195 into a base. Highlights of this week’s Solana news Earlier today, cryptoanalyst Ali Martinez called $188 Solana’s most critical support and shared
SOL Now about Fidelity; Gemini’s Solana credit card launches; $188 Support in focus Read More »
As bitcoin tax companies continue to struggle with declining share prices and rapidly slowing bitcoin accumulation in a tighter market, many are now trading below a 1x multiple of their net asset value (mNAV). In other words, their market capitalization has fallen below the value of their bitcoin holdings for these “pure play” financial holders
Michael Saylor’s MSTR clings to premium amid easing sentiment. Can others do the same? Read More »
Ether ETH$3,932.34 hovered near $3,946 at 13:57 UTC on October 25 after a rejection of high volume around $4,000 left the price rolling below resistance as analysts outlined five-figure scenarios and on-chain data pointed to larger wallets adding. Analyst’s view Analyst Ali Martinez predicted a long-term path to $10,000, warning it may take longer than
Analyst Projecting $10K For ETH, But ‘Not As Soon As You Think’ Read More »
Video platform Rumble (RUM) plans to launch bitcoin tips to its 51 million monthly users in mid-December, expanding how creators can earn directly from their audience. Developed in collaboration with Tether, the new feature allows viewers to send BTC tips through a digital wallet built into the app. It was announced during the Plan ₿
Rumble to roll out Bitcoin dip to 51 million users in December Read More »
Federal Reserve Governor Christopher Waller floated the idea of the central bank creating a “skinny master account” for crypto firms that would give them access to the Fed’s payment rails while keeping them away from a full Fed master account. You’re reading State of Crypto, a CoinDesk newsletter that looks at the intersection of cryptocurrency
Skinny Master Accounts and Stablecoins Read More »
Kyrgyzstan is moving forward with its national cryptocurrency strategy, launching a stablecoin and preparing a public sector central bank digital currency (CBDC) rollout, according to Binance co-founder and former CEO Changpeng Zhao (CZ). The new stablecoin, believed to be KGST, is pegged 1:1 to the national currency, the Kyrgyz Som, and is registered in the
Kyrgyzstan Launches National Stablecoin, Creates Cryptocurrency Reserve: CZ Read More »
There’s a change coming to cryptocrime, and North Korea’s state-sponsored hackers are at the forefront. No longer needing dozens of expensively trained programmers to analyze blockchain code and smart contracts for vulnerabilities, it is now possible to put AI to the task, according to Kostas Kryptos Chalkias, co-founder and chief cryptographer of Mysten Labs. Large
North Korea’s new superpower: AI Read More »
