Bitcoin has finally walked through the door. The largest cryptocurrency surpassed $72,000 on Thursday, its highest level since before the Feb. 5 crash and the first clear move above the $70,000 cap that had rejected it three times in the past month. It was trading at $72,180 on Thursday afternoon in Asia, up 5.9% in […]
Cryptos jump 8% as bitcoin surpasses $72,000 Read More »
Bitcoin remained offered Thursday amid signs of continued demand for spot exchange-traded funds (ETFs). The leading cryptocurrency traded near $72,500 on Thursday, according to CoinDesk market data. U.S.-listed cash ETFs generated another $155 million in net inflows on Wednesday, extending a recent streak of institutional buying that helped lift prices after weeks of sluggish activity.
Bitcoin Tops $72,000 as ETFs Pull $155M, Extending Entry Streak by Two Weeks Read More »
SKY, the native token of DeFi platform Sky (formerly Maker), soared nearly 10% after the protocol executed a governance proposal that slowed the speed with which new tokens are created through staking rewards, expanded its lending system around the stablecoin USDS, and maintained a large buyback program that removes tokens from the market. The governance
Kraken has obtained a Federal Reserve “master account,” giving its banking arm direct access to the Fed’s major payment systems and making it the first crypto company to operate on the same rails as traditional financial institutions. The company said its unit, Kraken Financial, had received approval for a “master account” from the Federal Reserve,
Kraken becomes first crypto company to secure access to Fed main account Read More »
Morgan Stanley (MS) has filed a prospectus with the Securities and Exchange Commission (SEC) describing the structure of the Morgan Stanley Bitcoin Trust project, revealing that the fund plans to use Coinbase Custody (COIN) and Bank of New York Mellon (BNY) to protect its bitcoin holdings, according to a Form S-1 submission. The two institutions
Morgan Stanley presents the custody structure of the Bitcoin ETF project Read More »
Tether, the crypto company behind the most popular USDT stablecoin USDT$1.0001has invested $50 million in sleep technology startup Eight Sleep at a valuation of $1.5 billion, according to a Wednesday press release and data from Crunchbase. With this funding, Eight Sleep plans to develop new AI health capabilities using Tether’s QVAC architecture, a computing framework
Crypto firm Tether (USDT) invests $50 million in sleep tech startup Eight Sleep Read More »
Stablecoin company KAST has hired Brad Jaffe as director of communications, the company announced Wednesday. Jaffe previously led global communications at cryptocurrency exchange Binance for more than three years. Jaffe managed strategic communications at Binance during a period at the exchange that was marked by tumultuous regulatory challenges amid rapid growth. At KAST, he will
Former Binance communications head joins stablecoin specialist KAST Read More »
The Sui Dollar (USDsui), the stablecoin of the Sui blockchain, went live on Wednesday with the promise that revenue from assets supporting the token can be injected back into the ecosystem from which it originated. The yield of USDsui-backed bonds and liquid assets can be used to redeem and withdraw ISU$0.9503 tokens in circulation or
Bitcoin surpassed $73,000 this week, returning to a key psychological level that had capped the market for weeks. Yet this breakout sparked an unusual reaction in crypto markets: widespread skepticism. Many traders warn that the move could become a classic bull trap – a brief breakout that attracts late buyers before reversing to the downside.
Crypto experts push back after billionaire hedge fund manager Ray Dalio renews skepticism of bitcoin BTC$72,880.21arguing that the largest and oldest cryptocurrency lacks the qualities that make gold a reliable store of value. Speaking on the All-In podcast, the Bridgewater Associates founder said bitcoin should not be compared to gold because it lacks central bank
Ray Dalio Thinks Bitcoin Is Not Gold, and That’s Exactly Why Bulls Are Buying Read More »
