Business – Page 287 – PK Press Club

Stanley Druckenmiller Says Stablecoins Could Power Global Payments in 10-15 Years

Billionaire investor Stanley Druckenmiller said stablecoins could support global payment systems over the next decade or two, while reiterating his long-held skepticism of much of the broader cryptocurrency market. “My guess is that all of our payment systems will be stablecoins in 10 or 15 years,” he said in an interview published Thursday by Morgan […]

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BTC nears one-month high at $74,000

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Bitcoin BTC$72,835.62 adds to overnight gains in early U.S. trading Friday, continuing to show strong relative price action after several months of underperformance for assets like stocks and precious metals. Trading at $73,800, bitcoin is up nearly 5% in the past 24 hours, with most of those gains coming after U.S. Treasury Secretary Scott Bessent

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US sanctions network allegedly laundering $800 million in crypto for North Korea

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The US Treasury Department has imposed sanctions on six individuals and two companies it says helped North Korea convert $800 million into crypto in 2024 to launder money and finance its weapons of mass destruction (WMD) programs. The Treasury’s Office of Foreign Assets Control (OFAC) said Thursday that the operation placed IT workers with foreign

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index jumps 3.7% as all constituents climb

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CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2077.68, up 3.7% (+74.61) since 4 p.m. ET on Thursday. All 20 assets are trading higher. Leaders: SUI (+6.7%) and ADA (+5.8%). Laggards: ICP (+0.2%) and NEAR (+0.7%).

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BTC Price Gaining Momentum, $3 Billion Trigger Could Trigger It: Crypto Daybook Americas

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By Omkar Godbole (All times ET unless otherwise noted) Bitcoin BTC$72,268.80 appears to be gaining bullish momentum, with volatility expected to increase as prices approach the $3 billion trigger point. The leading cryptocurrency by market value surged as high as $72,100 during European hours, the widely tracked average price over the past 50 days. According

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Bitcoin surpasses $72,000 as crypto recovers despite stronger dollar: Crypto Markets Today

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Bitcoin BTC$71,859.13 rose $72,000 during European hours on Friday, up 2% since midnight UTC and outpacing gains in U.S. stock indexes. Futures on the Nasdaq 100 and S&P 500 indexes fell during Asian trading hours before recovering. Both are now in the green. The US Dollar Index (DXY), meanwhile, rose above the 100 mark, a

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BTC Defies Rising Dollar, Oil, Yields and Holds Above $71,000 as Macro Pressures Mount

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Bitcoin BTC$71,859.13 topped $71,500 on Friday, outperforming U.S. stocks even as the dollar strengthened and oil prices remained high as the war with Iran was about to enter its third week. A stronger dollar can tighten global financial conditions and often weighs on risky assets such as stocks and cryptocurrencies. Rising oil prices – Brent

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Bitcoin’s Early Crash to $60,000 Now Looks Like a Warning for Stocks

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Many see Bitcoin BTC$71,329.00 as a safe haven and a store of value, like gold. But some currency traders view it as a leading indicator of the overall market mood, and they were right once again: Before recently finding stability near $70,000, bitcoin plunged sharply, presaging the current collapse of the global stock market. The

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BlackRock’s staked ether ETF attracts $15 million in first day of trading

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BlackRock’s new ether (ETH) exchange-traded fund got off to a strong start Friday, generating more than $15 million in trading volume on its first day as Wall Street begins experimenting with yield-generating crypto ETFs. The iShares Staked Ethereum Trust, trading under the ticker ETHB, launched with just over $100 million in assets and had already

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What’s next as Ripple-linked token ends early 2026 downtrend

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XRP pushed higher after breaking a months-long descending trendline, with an increase in trading volume confirming further momentum above the $1.39 resistance zone. News context XRP has struggled to maintain its rise through early 2026 as sellers repeatedly defended a descending resistance line formed by lower highs since January. This latest move marks the first

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