Crypto asset manager Bitwise is betting big on bitcoin’s (BTC) future, projecting that the next decade will mark a period of outsized growth for the world’s largest cryptocurrency. In a report published Thursday, Bitwise analysts predicted that bitcoin could become the best-performing institutional asset over the next 10 years, with its price climbing to $1.3 … Read more
Crypto traders bought the dip in several Ethereum staking tokens on Friday, lifting the likes of lido (LDO) and ethena (ENA) up by 14% and 15%, respectively. The gains follows a week-long decline that took place alongside a rapid shift in sentiment, which is typically a signal to buy. Lido and ethena are returning to … Read more
Bitcoin (BTC) bounced off the $111,800 support level on Friday, sharply rising by 2.6% to $114,800 after Federal Reserve chairman Jerome Powell hinted at potential rate cuts during a speech at Jackson Hole. The swift move, preceded by a sell-off leading up to the speech, resulted in the liquidation of more than $375 million worth … Read more
Shares of ETHZilla (ETHZ), formerly known as biotech firm 180 Life Science, fell nearly 30% Friday after the company disclosed that shareholders filed to offer up to 74.8 million convertible shares. The offering sparked concerns about dilution, a process where existing shareholders’ stakes lose value as more stock enters the market. For investors, it means … Read more
Crypto-linked stocks and digital assets surged on Friday after Federal Reserve Chair Jerome Powell signaled that the central bank could begin cutting interest rates as soon as September. The tone marked a shift after weeks of growing investor doubt that the Fed would act before year-end. Bitcoin (BTC) and ether (ETH) both moved higher following … Read more
With the chairmanship still an open question for the Commodity Futures Trading Commission — likely to be a leading U.S. watchdog for crypto — its interim leader, Caroline Pham, is getting started on recommendations from the recent crypto report of the President’s Working Group. The CFTC, which regulates U.S. derivatives trading and would assume oversight … Read more
Ether treasury firm SharpLink Gaming (SBET) has authorized a stock purchase program of up to $1.5 billion. SharpLink, which is helmed by Ethereum co-founder and ConsenSys CEO Joseph Lubin, said it will make the repurchases at a time and in amounts that depend on market conditions and share price in an announcement on Friday. “Should … Read more
XRP Spiked 3% as Federal Reserve Chair Jerome Powell firmly put a September rate cut on the table on Friday, causing bitcoin (BTC) and major tokens to move higher. 470 million token selloff drove volume spikes and heavy resistance at $2.92, while ETF delays and weak security rankings compound bearish pressure. News Background • Institutional … Read more
Perhaps surprising markets which had expected a hawkish tone, Federal Reserve Chair Jerome Powell firmly put a September rate cut on the table on Friday. Speaking at the Kansas City Fed’s Economic Symposium in Jackson Hole, Powell said the shifting balance of risks may warrant adjusting policy. “Downside risks to employment are rising,” said Powell. … Read more
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 3926.49, down 1.1% (-44.65) since 4 p.m. ET on Thursday. None of the 20 assets are trading higher. Leaders: ETH (+0.0%) and BTC (-0.1%). Laggards: ADA (-3.1%) and LINK … Read more
Hedera’s native token HBAR is testing a key level of support at $0.23 after selling off by more than 3% on Friday. Trading volume spiked beyond 80 million during crucial intraday windows on August 21. Despite the sell-off, HBAR has a number of bullish catalysts; SWIFT revealed plans to launch live blockchain payment trials featuring … Read more
Haycen, a company focused on trade financing, secured a stablecoin issuance license from the Bermuda Monetary Authority (BMA), the company said Friday. The Digital Asset Business (M) license allows Haycen to issue and manage 1:1 collateralized stablecoins in multiple currencies, with provisions for yield-bearing products. The company is targeting B2B markets, regulated entities and non-bank … Read more
Bitcoin (BTC) held a crucial support level at $112,500 overnight, aligned with the 61.8% Fibonacci retracement of its April to July rally. However, the rebound has been muted so far, reflecting cautious positioning ahead of Federal Reserve Chair Jerome Powell’s much-anticipated Jackson Hole speech later Friday. Last month, the market bounced sharply from this same … Read more
By Shaurya Malwa (All times ET unless indicated otherwise) Bitcoin (BTC) is sitting around $113,00 having failed to clear $115,000. Not so long ago, when it was setting new highs and euphoria called for a push to $135,000, those numbers would have sounded wild. Now things are more muted. The CoinDesk 20 Index (CD20), a … Read more
European Union policymakers are discussing ramping up efforts to introduce a digital euro as the U.S.’ new stablecoin law intensifies pressure on the bloc to keep up the pace in the fast-moving world of digital money, the Financial Times reported, The U.S. Congress last month approved the GENIUS Act, a framework for the $288 billion … Read more
South Korea’s largest financial groups are set to meet officials from Tether and Circle Internet (CRCL), issuers of the two largest stablecoins, as early as this week, according to Yonhap. In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will discuss potential partnerships on distributing and transacting with dollar-pegged stablecoins in the … Read more
Binance Australia has been directed to appoint an external auditor by the country’s anti-money laundering (AML) regulator. Australian Transaction Reports and Analysis Centre (AUSTRAC) said it has identified “serious concerns” with the crypto exchange’s AML and counter-terrorism financing (CTF) controls. Binance Australia has 28 days to nominate external auditors for AUSTRAC’s consideration. AUSTRAC said it … Read more
As Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole approaches, the key question on everyone’s mind is: how volatile could bitcoin (BTC) become? The answer points to moderate volatility, not the extreme swings that the widespread attention on the event might suggest. “BTC options are pricing in about a ±2.0% move around Powell’s Jackson … Read more
Bitcoin traded near $113,700 on Thursday, failing to hold above $115,000 as resistance from the 50-day moving average capped a rebound attempt. The broader crypto market added just 1% to $3.86 trillion in capitalization, a move analysts described as a bounce on the way down rather than the start of a recovery. “The technology sector … Read more
Dogecoin rallied on Tuesday after a string of regulatory and corporate catalysts shifted sentiment across the crypto sector. A $50 million Trump-linked acquisition of a DOGE mining firm, Wyoming’s launch of a state-backed stablecoin, and comments from Federal Reserve officials signaling a softer stance on digital assets all converged to trigger fresh institutional flows. News … Read more
Ripple and SBI Holdings plan to roll out Ripple USD (RLUSD) in Japan, aiming to tap into the country’s emerging stablecoin market under new regulatory frameworks. The two companies announced on Friday that they had signed a memorandum of understanding, in which SBI VC Trade’s role is that of distributor. SBI VC Trade, a licensed … Read more
Japanese financial giant SBI Holdings is moving into the red-hot tokenized stock market through a joint venture with Singapore-based blockchain development firm Startale. The companies plan to build an on-chain platform designed for trading tokenized equities and real-world assets (RWAs), they announced on Friday. The step puts SBI alongside a growing roster of major players … Read more
Japanese financial giant SBI Holdings is moving into the red-hot tokenized stock market through a joint venture with Singapore-based blockchain development firm Startale. The companies plan to build an on-chain platform designed for trading tokenized equities and real-world assets (RWAs), they announced on Friday. The step puts SBI alongside a growing roster of major players … Read more
A senior official at the U.S. Department of Justice knew the crypto audience in Wyoming had fresh software developer convictions on its mind when he told them on Thursday that his department doesn’t want to go after digital assets software developers who don’t have money-laundering intentions. Matthew Galeotti, acting assistant attorney general in the DOJ’s … Read more
State Street, a Boston-based custody bank with $49 trillion in assets under its watch, is pushing deeper into digital assets by joining JPMorgan’s blockchain-based tokenized asset platform Digital Debt Service as the first third-party custodian. The first transaction State Street anchored was a $100 million tokenized commercial paper issuance by the Oversea-Chinese Banking Corporation (OCBC), … Read more
Blockchain sleuth ZachXBT uncovered a high-profile social engineering attack on Thursday, with the victim losing 783 BTC worth around $91.4 million. The scam occurred on Aug. 19 and involved the attacker posing as a support agent for a hardware wallet before duping the victim into handing over wallet credentials. The attack mirrors a string of … Read more
Gemini, the crypto exchange backed by the billionaire Winklevoss twins, has secured a Markets in Crypto Assets (MiCA) license from the Malta Financial Services Authority (MFSA), strengthening its bid to expand across the European Union under the bloc’s new regulatory framework, the company said in a blog post Thursday. The approval marks a significant step … Read more
HBAR traded in a narrow but active 4% range from Aug. 20–21, climbing to $0.24 in the evening before correcting to $0.23 early the next day. By session’s end, the token had regained $0.24, reinforcing the $0.23–$0.24 band as a zone of support and accumulation. The rebound comes as broader macro conditions favor digital assets. … Read more
Anchorage Digital has moved out from under its U.S. banking regulator’s order that it institute a compliance program to protect against money-laundering abuses, with the Office of the Comptroller of the Currency (OCC) announcing the removal of the cease-and-desist order originally issued in 2022. “The OCC believes that the safety and soundness of the bank … Read more
Markets are quickly recalibrating previously lofty odds of an imminent rate cut as the jets touch down in Jackson Hole for the Kansas City Fed’s Economic Symposium. The current data does not make the case for a September ease, said Cleveland Fed President Beth Hammack, speaking with Yahoo News in Wyoming. “We have inflation that’s … Read more