Business – Page 314 – PK Press Club

BTC Holds in a Tight Range as Markets Prepare for January Jobs Data

Following the usual recent trend, crypto markets fell sharply when US stocks opened on Tuesday, but recovered most of those losses just as quickly. In mid-morning trading, Bitcoin BTC$69,836.89 was at $69,200, down slightly from 24 hours ago. Ether ETH$2,039.41 underperformed, down 1.8%, with similar declines in XRP XRP$1.4279 and Solana GROUND$84.87. Although bitcoin’s current […]

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JPMorgan Cuts Coinbase (COIN) Price Target to $290 Ahead of Earnings

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The crypto market downturn has been particularly hard on major US exchange Coinbase (COIN), which has seen its stock plunge more than 50% since bitcoin’s record high above $126,000 in early October, including a 27% decline in 2026 alone. Attempting to make up for this rapid fall, JPMorgan’s Ken Worthington cut his price target on

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Tether invests in LayerZero Labs as it doubles down on investment in cross-chain technology and agentic finance

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Tether Investments, the investment arm of the leading stablecoin issuer, has made a strategic investment in LayerZero Labs, which is developing an interoperability protocol called LayerZero. The move is essentially a bet on the technology behind USDt0, a blockchain-agnostic version of Tether’s dollar-pegged token that has moved more than $70 billion across blockchains in less

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Crypto exchange Kraken fires CFO Stephanie Lemmerman as long-awaited IPO draws closer

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Kraken has fired its chief financial officer, Stephanie Lemmerman, just as the crypto exchange prepares to list publicly in the United States early this year, according to two people familiar with the matter. Lemmerman joined Kraken from Dapper Labs in November 2024 and served as the exchange’s CFO for one year and four months. She

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Blockchain.com obtains UK registration almost four years after abandoning the FCA process

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Cryptocurrency exchange and wallet provider Blockchain.com has won regulatory approval in the UK almost four years after apparently giving up. Blockchain.com was added to the Financial Conduct Authority (FCA) register of authorized crypto companies on Tuesday under its trading name “BC Operations”. STORY CONTINUES BELOW Don’t miss another story.Subscribe to the State of Crypto newsletter

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index falls 3.4% as all components trade lower

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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 1968.37, down 3.4% (-69.59) since 4 p.m. ET on Monday. None of the 20 assets are trading higher. Leaders: CRO (-1.1%) and BCH (-2.1%). Laggards: APT (-5.5%) and

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BTC trades like a tech stock with faltering growth

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Bitcoin BTC$68,689.78 The drop to around $60,000 earlier this month looked familiar, not to gold bugs, but to tech investors, crypto asset manager Grayscale said in a Monday report. As high-growth software stocks sold off, bitcoin fell at almost the same rate, reinforcing the idea that, for now, the world’s largest cryptocurrency is trading more

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Jump Trading to take small stakes in prediction markets Polymarket, Kalshi: Bloomberg

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Jump Trading plans to take a small stake in each of market prediction platforms Kalshi and Polymarket, Bloomberg reported Monday, citing people with knowledge of the matter. The trading powerhouse, which particularly focuses on cryptocurrency, will obtain the shares in exchange for providing liquidity on both platforms. Jump is expected to take a fixed amount

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Memecoins Lead Crypto Market Gains as Prices of Major Tokens BTC and ETH Languish: Crypto Markets Today

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Bitcoin BTC$68,770.12 is struggling to regain its footing above $70,000 as altcoins outperform. The largest cryptocurrency was little changed over 24 hours, while the broader CoinDesk 20 Index (CD20) rose 0.40% even as ether ETH$2,014.04 declined. Memecoins led the gains, with the CoinDesk Memecoin Index (CDMEME) adding 1.5% while PIPPIN climbed 46%. Tokens related to

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