Business

Bulls target $2.65 in next move for Ripple-Linked Token

Business / Leave a Comment

Institutional flows accelerated on Tuesday as XRP broke from broader crypto weakness, posting steady gains amid improved regulatory clarity and controlled accumulation across key support zones. News background XRP rose 1.55% to $2.53 in Tuesday’s session, outperforming the broader crypto market by 2.33 percentage points. The gain came as investors continued to build positions on […]

Bulls target $2.65 in next move for Ripple-Linked Token Read More »

Cantor Fitzgerald’s Brett Knoblauch thinks IREN could be a $384 stock in three years

Business / Leave a Comment

Shares of IREN, the bitcoin miner turned AI infrastructure player, are up more than 500% year-to-date, but that may just be the beginning, according to a Wall Street bull. After the company’s third-quarter earnings report last week and its five-year, $9.7 billion deal with Microsoft to provide 200 megawatts of AI computing at its Childress,

Cantor Fitzgerald’s Brett Knoblauch thinks IREN could be a $384 stock in three years Read More »

Hong Kong’s FinTech Week belonged to Stablecoins, not CBDCs

Business / Leave a Comment

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. Six years after China’s eCNY debut, Hong Kong’s FinTech Week

Hong Kong’s FinTech Week belonged to Stablecoins, not CBDCs Read More »

Bybit is said to be in talks to buy South Korean crypto exchange Korbit: Report

Business / Leave a Comment

Cryptocurrency exchange giant Bybit is in talks to acquire Korbit, one of the oldest crypto exchanges in South Korea, according to media reports in the country. Bybit, the second-largest crypto exchange, met with Korbit executives, Maeil Business reported, citing sources in the virtual asset industry. Korbit told the newspaper: “We cannot comment on ongoing cases.”

Bybit is said to be in talks to buy South Korean crypto exchange Korbit: Report Read More »

BONK Extends Gains to $0.00001332 on 82% Volume Increase Confirming Breakout Pattern

Business / Leave a Comment

BONK rose 1.7% to $0.00001332 over the past 24 hours, extending its recent breakout move while testing higher resistance levels. The Solana-based meme token is trading in a tight upward channel after decisively breaking through the $0.00001320 threshold and maintaining its bullish structure through moderate volatility, according to CoinDesk Research’s technical analysis data model. Volume

BONK Extends Gains to $0.00001332 on 82% Volume Increase Confirming Breakout Pattern Read More »

Dogwifhat (WIF) rose 5% to $0.497 before retreating as profit-taking emerged

Business / Leave a Comment

According to CoinDesk Research’s technical analysis data model, dogwifhat (WIF) staged a measured accumulation phase before explosive gains took the memecoin to session highs near $0.497 during Tuesday trading. WIF spent most of the 24-hour period consolidating between $0.4754-$0.4897 before breaking out dramatically overnight on institutional-level volume. The outbreak took place on 10 November at

Dogwifhat (WIF) rose 5% to $0.497 before retreating as profit-taking emerged Read More »

Senate committee drafts crypto bill to define CFTC’s role in overseeing markets

Business / Leave a Comment

The Senate Agriculture Committee released its draft crypto market structure legislation on Monday, bringing the body a necessary step closer to advancing its response to the House Clarity Act legislation to define how exactly the Commodity Futures Trading Commission can monitor spot market trading. The bill, which still includes parentheses denoting sections where lawmakers have

Senate committee drafts crypto bill to define CFTC’s role in overseeing markets Read More »

US IRS opens investment avenue for crypto ETFs to get dividends without tax headaches

Business / Leave a Comment

A new safe harbor announced by the US Internal Revenue Service on Monday is seen as a major step towards allowing crypto exchange-traded products (ETPs) to share stake rewards with their investors. Under certain conditions, the new guidance allows trusts to “invest their digital assets without jeopardizing their tax status as mutual funds and endowment

US IRS opens investment avenue for crypto ETFs to get dividends without tax headaches Read More »

Scroll to Top