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 1663.81, down 1.4% (-24.03) since 4 PM ET Tuesday. All 20 assets are trading lower. Leaders: CRO (-0.1%) and AAVE (-0.5%). Laggards: NEAR (-4.3%) and BCH (-4.1%). The CoinDesk […]
The CoinDesk 20 index is down 1.4% as all components fall Read More »
US inflation data came in as expected on Wednesday, reinforcing the view that the Federal Reserve will hold interest rates at 350-375 bps at the June 17 meeting, but is likely to raise rates by 25 bps by the end of the year. The year-over-year consumer price index rose 4.2% in May, according to a
Bitcoin layer-2 network Botanix is winding down a year after its mainnet went live. The project cited market conditions and broader indifference within the cryptocurrency industry to establishing greater utility on the Bitcoin network in a post on X on Tuesday. “It didn’t work,” Botanix summed up. “At least not in this market and not
Botanix bet big on ‘Bitcoin DeFi.’ Its shutdown suggests users never cared Read More »
Bitcoin BTC$61,412.97 is teetering near $61,000, and data due later today could push it over the edge along with the broader crypto market. The U.S. Consumer Price Index for May is expected to hit the wires at 8:30 a.m. ET. The figure is expected to show that the cost of living in the world’s largest
The US CPI scenario that could cause BTC price to fall below $60,000: Crypto Daily Read More »
Oil prices faltered and stocks retreated on Wednesday after the United States and Iran traded strikes in the Middle East. The attacks, which strained a two-month ceasefire between the countries, were the latest shock to energy markets. The war in Iran has choked the Strait of Hormuz, which normally carries as much as a fifth
Oil waves and stocks sink after wave of strikes in the Middle East Read More »
Three of Japan’s biggest banks said they will jointly issue a stablecoin this fiscal year, which ends in March. Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMBC) and Mizuho Financial Group will establish a council to explore operational frameworks and prepare the issuance of stablecoins, according to a statement on MUFG’s website. The
Japan’s three largest banks eye joint stablecoin issuance by March 2027 Read More »
SpaceX, Elon Musk’s rocket ship company, plans to sell shares publicly for the first time ever this week. It is an unusual event in several ways. The company’s initial public offering would give it the title of the world’s largest initial public offering SpaceX is also giving everyday investors a much larger portion of its
SpaceX IPO: What you need to know Read More »
XRP holders are increasingly selling at a loss in a textbook sign of market capitulation. The 90-day moving average of XRP’s realized profit-to-loss ratio has fallen to 0.38, according to data tracked by Glassnode. This means that for every $1 in losses investors realize right now, they only get 38 cents in profit. Essentially, most
The XRP market is showing signs of capitulation as holders are selling at a loss Read More »
Bitcoin BTC$61,412.97 spot exchange traded funds (ETFs) have fallen out of favor with investors and how. The total dollar value of net assets across the 11 spot ETFs was $77.58 billion as of June 9. That’s the same level seen just after President Donald Trump won the presidential election in early November 2024. Bitcoin ETFs:
ETF assets fall to $77.6 billion, the lowest since Trump won the election Read More »
A widely tracked 5x leverage perpetual on Hyperliquid tied to SpaceX’s impending IPO, expected to be the largest in history, has fallen for three consecutive weeks. The product, tickered as SPCX, was trading near $157 on Wednesday, down about 27% from its launch price in mid-May of around $216, after briefly touching $230. That doesn’t
The Elon Musk company’s pre-IPO market is down 27% in three weeks Read More »
