Bitcoin is holding up better than it probably should. The largest cryptocurrency was trading at $67,378 on Monday morning, up 1.1% over the past 24 hours and essentially flat for the week as the world around it deteriorated sharply. Among the majors, ether rose 2.3% to $1,981, hovering just below $2,000. BNB gained 1.4% to […]
Bitcoin Could Face Deeper Drop as Chances of US Market Crash Rise to 35% Read More »
Crude oil just had its biggest day ever, and traders who shorted it or took bearish bets over the weekend paid the price. Tokenized oil perpetual contracts on Hyperliquid saw nearly $40 million in liquidations in the past 24 hours, per Coinglass, including $36.9 million from short positions that were wiped out as crude surged
Oil Rally Crushes $37 Million in Crypto Shorts as Bitcoin Falls Read More »
Oil futures surged above $110 a barrel on Monday as escalating tensions in the Middle East roiled global markets, sending Asian stocks tumbling, with all markets in the region opening in the red, although bitcoin held steady near $67,000. West Texas Intermediate crude jumped about 17% in 24 hours. Japan’s Nikkei 225 index fell more
In what has become a familiar scenario in crypto over the past few months, prices are starting the week on the wrong foot. After little sign over the weekend of any de-escalation in the U.S. war against Iran, the price of oil exploded Sunday night in U.S. trading. April WTI crude oil futures are currently
BTC falls sharply with stocks as oil climbs almost 20%, Read More »
Every revolution eventually becomes the establishment. What began as crypto’s peer-to-peer challenge to the global financial order is quickly being absorbed into the mainstream fold, trading its anti-elite soul for the legitimacy of spot ETFs, institutional custody, and the same banking frameworks it was built for. It’s a familiar arc. Throughout history, every revolution began
Crypto’s rock ‘n’ roll era is over Read More »
Bitcoin BTC$67,242.60 The recent trend of moving in lockstep with U.S. stocks does not erase its value as a portfolio diversifier. This is according to financial services and infrastructure company NYDIG. In a weekly market note, Greg Cipolaro, the firm’s global head of research, said correlations between bitcoin and stock indexes such as the S&P
Barrels of oil that can still reliably reach global markets via the Middle East are now trading above $100 a barrel, a strong signal of acute geopolitical stress and supply fears that could spill over into global risk assets including stocks and bitcoin. BTC$67,068.57. Since the start of the military conflict between the United States,
“Murban Crude Oil” Surpasses $100, Posing Risk for Bitcoin and Risk Assets Read More »
Key senators critical to advancing crypto market structure legislation may soon be willing to move forward on the bill, people familiar with it told CoinDesk. You’re reading State of Crypto, a CoinDesk newsletter that examines the intersection of cryptocurrency and government. Click here to subscribe to future editions. Crypto dealmakers’ hopes are bubbling around the
State of the art market structure: state of crypto Read More »
Yuval Rooz has a blunt message for the smart contract industry: if you claim to be the future plumbing of global finance, you better show cash flow. “People have assigned a lot of value to these networks based on what they say they will become,” said Rooz, CEO of Digital Asset and co-founder of Canton
Canton’s Yuval Rooz says smart contract blockchains face value gap Read More »
Six asset classes now exceed $1 billion on-chain, but only 12% of the RWA-backed stablecoin supply has entered DeFi protocols. Real-world tokenized assets, excluding stablecoins, surpassed $25 billion in on-chain value, nearly quadrupling from $6.4 billion about a year earlier, according to data from RWA.xyz. (RWA.xyz) This milestone and continued growth, as RWAs reach the
RWA exceeds $25 billion after almost quadrupling in one year Read More »
