SpaceX’s stock has lost more than $600 billion in market value over three trading days, nearly half of bitcoin’s $1.3 trillion market cap, after announcing its first bond sale. Bitcoin fell less than 1% over the same stretch, holding close to $63,600 per CoinDesk data. The stock fell 16% on Monday to $154.60, its lowest […]
Bitcoin fell toward $63,000 on Tuesday, caught in a broad retreat from risk as investors pulled out of the tech stocks that have led markets all year. The token was trading around $63,640, down 0.9% over 24 hours and 3.3% on the week, as of CoinDesk data, after touching about $65,076 on Monday and sliding
Bitcoin slips towards $63,000 on tech sell-off Read More »
Just before Britain’s fateful referendum on its membership of the European Union 10 years ago, today’s government issued a stark warning. A vote to leave the bloc would lead to “an immediate and profound shock” to the economy. By a small margin, the public voted to go anyway. The economic warnings were wrong, but only
Brexit has cost Britain growth, analysts say, in the decade since the vote Read More »
Thanks to the recently passed Housing Affordability Act in the US Senate, the Federal Reserve may be heading towards a formal ban on introducing a digital dollar in the form of a central bank digital currency (CBDC), despite the fact that the Fed was not working on such a project. Republican politicians had embraced an
The US Senate passes housing legislation that includes a four-year ban on a Fed CBDC Read More »
The main federal auto safety agency said Monday it was investigating a Tesla crash that killed a woman in Katy, Texas, near Houston, on Friday night. The driver was using Tesla’s automated driver assistance system when his Model 3 left the road “at a high rate of speed” and struck a home, local officials said.
Tesla crash that killed a woman in Texas will be investigated by federal regulators Read More »
What she says: Former 21Shares co-founder Ophelia Snyder argues that crypto and traditional finance talk past each other when it comes to tokenization. Tokenization solves real problems around settlement rails and moving assets, Snyder said. The bigger challenge is integrating blockchain-based assets with the systems banks, brokerages and asset managers already use. Existing discussions often
Co-founder of 21Shares warns that tokenization hype is outpacing Wall Street reality Read More »
Latest developments: Edelman argues that investor sentiment and industry fundamentals are moving in opposite directions. Bitcoin ETF investors have pulled billions from funds in recent days as market fears have risen amid concerns about Mt. Gox wallet movements and regulatory uncertainty, Edelman said. Debate surrounding the CLARITY Act has heightened uncertainty, with lawmakers including Sen.
Ric Edelman says crypto’s biggest growth story is happening off the price chart Read More »
Market forecasts have increased in recent years. Citi has estimated tokenized assets could reach a market value of $5 trillion by 2030, while a report by Boston Consulting Group and Ripple predicted a market worth $18.9 trillion by 2033. Patent battle over tokenization infrastructure At the center of the dispute are patents covering compliance systems
Latest developments: Digital credit products linked to Strategy’s bitcoin-backed ecosystem suffered steep declines last week before partially recovering. The strategy’s preferred equity financing vehicle STRC fell as low as $82.53 on Thursday before rebounding to around $90.50, according to Strive Chief Risk Officer Jeff Walton. Strive’s SATA dipped to the low $90 range before turning
Strive says digital credit sales were a liquidation event, not a credit crunch Read More »
Digital assets are trying to decouple from a complex macro environment after a dramatic sequence of central bank shifts, headlined by the Bank of Japan’s historic push to 1.0% interest rates and newly appointed Federal Reserve Chairman Kevin Warsh’s restructured FOMC policy framework. Traders enter the week balancing an apparent easing of concerns over energy-driven
Geopolitical Relief Meets Warsh Fed: Crypto Week Ahead Read More »
