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In today’s edition, Alec Beckman of Advantage Blockchain explains stablecoins and their growing use cases for institutions and advisors. Then CK Zheng of ZX Squared Capital shares tips on preparing for tax season in Ask and Expert. -Sarah Morton You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Sign […]

Dubai, United Arab Emirates, 23 January 2025, Pakinomist Bybit, the world’s second largest cryptocurrency exchange by trading volume, has shared its vision for 2025 during the livestream event: Keynote with Ben: In the Driving Seat to the Moon — Beat the Unknown. Ben Zhou, Co-Founder and CEO, reflected on Bybit’s journey in 2024, emphasizing the

With payments firm Stripe’s recent $1.1 billion purchase of stablecoin platform Bridge.xyz sending shockwaves through the crypto-payments sphere, attention is turning to the next generation of stablecoin payment infrastructure providers. Among them is BlindPay, a 2024 Consensus hackathon winner and Y Combinator 2025 (W25) batch company taking a distinct approach to the challenge of global

Pakinomist — Bitwise, a cryptocurrency asset manager, recently filed an application with Delaware’s Department of State: Division of Corporations seeking to register a Dogecoin-based exchange-traded fund (ETF). a digital currency widely recognized as the leading memecoin boasts a market cap close to $52 billion. Memecoins have gained increased attention recently, following the successful introduction and

CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3809.52, down 4.3% (-172.06) since 4 PM ET Wednesday. One in 20 assets are trading higher. Leaders: ETC (+2.1%) and ETH (-1.4%). Lagging behind: SOL (-8.8%) and AVAX (-5.7%).

Pakinomist — Needham & Co. said its proprietary ‘Crypto Euphoria Needham Diagram’ (CEND) reached its highest levels since inception, indicating that market sentiment for cryptocurrencies is “very high right now” and approaching “extreme euphoria.” The CEND index, which tracks various metrics related to the crypto market cycle, registered a value of 64 this week, a

Animecoin, the governance token linked to the non-fungible token (NFT) project Azuki, has debuted at a fully diluted value (FDV) of $1.2 billion with tokens trading at $0.12 on HyperLiquid. The total supply of the token is set at 10 billion, and holders of the Azuki NFT can claim the airdrop. Users reported that the

By Omkar Godbole (All times ET unless otherwise noted) Bitcoin and most major cryptocurrencies are weaker after the Chicago Mercantile Exchange, a proxy for institutional activity, rejected reports of listing futures linked to XRP and SOL. Traditional markets are also holding their breath for the expected rate hike from the Bank of Japan on Friday.

The outlook for bitcoin (BTC), the world’s largest cryptocurrency, is positive and the price is expected to remain elevated in 2025, German lender Deutsche Bank (DB) said in a report on Wednesday. A more favorable regulatory and policy backdrop in the US, growing institutional adoption and a looser monetary policy from the Federal Reserve are

Tortola, British Virgin Islands, 23 January 2025, Pakinomist Nibiru, a secure and high-performance blockchain, has reached successful code completion for its upcoming Nibiru EVM (Nibiru V2) upgrade. “This milestone marks an important step in the development of Nibiru. A smooth launch of an initiative like this is all about doing small things right to make