The final week of March promises to be volatile, with the FTX Recovery Trust expected to distribute $2.2 billion to creditors on Tuesday and key monthly U.S. nonfarm payrolls statistics expected on Friday, when many stock markets around the world will be closed for Good Friday. The war in the Middle East, now in its […]
Bitcoin surges to $67,000 with escalating Iran war in focus
Bitcoin surges to $67,000 with escalating Iran war in focus Read More »
Bitcoin BTC$67,340.71 The market has been stuck in a rut for more than a month, and investors looking for yield may be partly to blame. Since mid-February, BTC has been trading in a range centered around $70,000. Some observers say countervailing forces are at play. Safe-haven demand sparked by the war in Iran has supported
Here’s why BTC is stuck in a rut Read More »
Hyperliquid is decentralized, but geography still matters, as a new study from Glassnode shows that traders closer to its infrastructure have a clear speed advantage. Transactions from Tokyo-based users can reach the protocol’s validators in just 2 to 3 milliseconds. This is much better latency than European users, who experience delays exceeding 200 milliseconds. Indeed,
Hyperliquid traders in Tokyo enjoy 200 millisecond advantage, Glassnode study finds Read More »
The war only grew in size. Bitcoin briefly became smaller. Bitcoin fell to $65,112 early Monday morning, its lowest level since the February crash, before recovering to $67,402 as Asian markets opened. The 24-hour range from $65,112 to $67,389 reflects a market that sold off heavily following the overnight climb and found buyers near $65,000,
Bitcoin recovers to $67,400 after falling below $65,200 as Houthis enter Iran war Read More »
When a tourist from Bangkok uses their Thai e-wallet to pay in Singapore, few stop to think about what powers that transaction. But for Singapore-based StraitsX, the company behind the stablecoin infrastructure running in the background, that seamless experience is exactly the goal. Between the fourth quarter of 2024 and the same period in 2025,
Stablecoin Payments Going “Invisible” in Southeast Asia as Crypto Card Trading Rises Read More »
Strategy (MSTR), the largest publicly traded bitcoin holder, does not appear to have increased its BTC position in the past week. Executive Chairman Michael Saylor typically reports upcoming purchases on X each Sunday, followed by a detailed update around 8 a.m. ET on Monday. There was no usual “Orange Dot” message on Sunday to signal
MSTR may have suspended its BTC accumulation last week Read More »
On March 23 and 24, industry representatives saw the proposed yield language in the Crypto Market Structure Bill. The internet – at least X (formerly Twitter) – was upset, but that may not matter much. You’re reading State of Crypto, a CoinDesk newsletter that examines the intersection of cryptocurrency and government. Click here to subscribe
No one is 100% happy with the stablecoin yield deal: State of Crypto Read More »
Yes, you read the title correctly. The Bullish Bitcoin Number BTC$66,196.06 Bets, called long BTC/USD positions, on the OG exchange Bitfinex have reached multi-month highs. But, bulls, rejoice not, as this metric has become a classic “contrary indicator” over the years, with upticks characterizing downward trends in Bitcoin prices. Highest since 2023 The number of
Bullish bets on the rise of Bitfinex Read More »
A “180” hardly does justice to the recent shift in market expectations regarding central bank monetary policy. Expecting multiple rate cuts from the Federal Reserve in 2026 just weeks ago, markets have begun in earnest to price in rate hikes this year. Current prices on CME FedWatch Tool show that there is almost a 30%
Here’s why traders are pricing in a rate hike and its impact on Bitcoin Read More »
