Bitcoins BTC$70,483.40 price action gives us a sense of déjà vu, and it’s not the good kind. If you look at the price swings since early February, a very specific, ominous pattern is forming that is strikingly similar to the setup we saw between November and January. That set-up eventually paved the way for a […]
Bitcoin BTC$70,426.40 and the broader crypto market saw a notable price increase on Friday after major economies announced joint efforts to increase oil supplies through the now-disturbed Strait of Hormuz. BTC, the largest cryptocurrency, jumped to $70,800, up more than 1% on the day, extending its recovery from overnight lows below $68,900, according to CoinDesk
BTC jumps as oil prices slide and XRP, ETH lags. So what? Read More »
Morgan Stanley wants its planned spot bitcoin BTC$70,837.66 ETF to trade under the ticker MSBT when it debuts. The investment bank disclosed the ticker in its latest filing with the US Securities and Exchange Commission (SEC), amending its January filing for the fund. The filing also revealed key fund details, which include a creation unit
Morgan Stanley sets MSBT ticker and $1 million initial capital to BTC ETF Read More »
The fear that quantum computers could one day break Bitcoin’s cryptography has sparked heated debate across the crypto industry. But according to Alex Thorn, head of research at Galaxy Digital ( GLXY ), the narrative that Bitcoin is unprepared or that investors should avoid exposure because of it is overstated. The risk itself is not
Bitcoin’s quantum threat is real, but far from an existential crisis, says Galaxy Read More »
The governance token for Venus (XVS), a BNB Chain-based money market with over $1.4 billion in total value locked, has fallen more than 9% in 24 hours after an exploit that left it with $2.15 million in bad debt. The pullout comes amid a broad sell-off in risk assets that has seen the broader CoinDesk
Venus’ governance token XVS falls 9% on leverage-driven bad debt Read More »
Singapore-based crypto exchange Crypto.com is cutting about 12% of its workforce, or about 180 employees, as it leans into AI-driven efficiency, joining a growing wave of companies shrinking teams as they push for automation. “We’re joining the list of companies integrating enterprise-wide AI,” a Crypto.com spokesperson told CoinDesk. “As we continue to prioritize resources around
Crypto.com lays off 12% of staff as CEO warns companies must move fast with AI Read More »
If lawmakers ultimately ban stablecoin rewards under the proposed CLARITY Act, Coinbase ( COIN ) could lose a tool it uses to attract users to hold digital dollars on its platform — though analysts say the impact on the exchange’s business could be limited. As lawmakers debate the future of stablecoin regulation in Washington, an
Evernorth Holdings, an XRP treasury company going public through a SPAC merger, revealed in a new S-4 filing that it and Pathfinder Digital Assets held about 473.1 million XRP at the end of last year. The document also gives investors a clearer look at how this position was built. Evernorth said it used $214.1 million
Evernorth unveils 473 million XRP treasury and DeFi-focused fund income strategy Read More »
Nearly $600 million worth of $20,000 bitcoin put options have emerged as the third most popular strike ahead of Deribit’s quarterly expiration, showing how traders are positioning themselves for extreme downside scenarios due to the Middle East conflict. A put option gives the holder the right, but not the obligation, to sell bitcoin at a
BTC $20,000 put option is very popular Read More »
Exchange giant Coinbase’s ( COIN ) asset management arm is bringing its bitcoin return fund on-chain, creating a tokenized share class of the fund with $3.5 trillion fund manager Apex Group. The Coinbase Bitcoin Yield Fund, managed by Coinbase Asset Management (CBAM), will be available to investors on the Base network, Coinbase’s blockchain built on
Coinbase’s (COIN) asset manager brings its bitcoin (BTC) yield fund onchain with Apex Read More »
