Wall Street broker Benchmark said Bitcoin miner Hut 8 (HUT) was using last week’s River Bend announcement to solidify the company’s move from a crypto-focused energy owner to an institutional-grade digital infrastructure platform. Analyst Mark Palmer said the structure, considerations and quality of cash flows set HUT’s deal apart from the spate of recent AI […]
Benchmark sees nearly 100% rise in stocks after AI deal Read More »
Cronos (CRO) was also a top performer, up 2.5%.
CoinDesk 20 Performance Update: Uniswap (UNI) Up 19% Over the Weekend Read More »
JPMorgan Chase is considering whether to offer cryptocurrency trading services to institutional clients, Bloomberg reported Friday, citing a person familiar with the matter. The move would make the largest U.S. bank by assets one of the most significant financial institutions yet to consider entering the crypto trading space for major clients. According to the report,
JPMorgan Evaluates Cryptocurrency Trading for Institutions Amid Growing Demand Read More »
Bitcoin BTC$89,127.04 and other crypto assets fell steadily again during Monday’s US session, with BTC sliding below $88,000 after climbing above $90,000 and ETH falling back below $3,000. Some crypto-related stocks are still holding on to gains, led by Hut 8 (HUT), which continues to rise after last week agreeing a 15-year lease for an
BTC gives up Monday gains and falls back below $88,000 Read More »
CME lost its place as the leading bitcoin exchange BTC$87,963.37 open interest (OI) futures contracts. Binance has now overtaken CME as the largest OI site according to CoinGlass data, with Binance holding approximately 125,000 BTC ($11.2 billion in notional value) compared to CME’s 123,000 BTC ($11 billion). CME OI started the year at 175,000 BTC,
Basis Trading Unwind Sees Binance Surpass CME Read More »
A bipartisan duo in the U.S. House of Representatives is circulating a bill that would streamline tax rules for investors, traders and developers by spelling out how they would handle reporting their taxes on staking, low-value transactions and wash sales. Reps. Max Miller of Ohio and Steven Horsford of Nevada unveiled the Digital Asset Protection,
Parity Act Would Exempt Small Crypto Purchases, Apply Wash Sale Rules Read More »
Coinbase (COIN) said it has agreed to buy The Clearing Company to help develop its new prediction market as part of the crypto exchange’s plan to become an all-in-one platform for trading everything. The Clearing Company, based in San Francisco, is a startup led by Toni Gemayel, who has worked extensively in the industry, including
Coinbase (COIN) Agrees to Buy The Clearing Company to Deepen Market Forecasting Read More »
Crypto bulls are once again watching from the sidelines as the depreciation trade continues and risk assets are generally moving broadly higher during the US trading session. The best performing pattern on Monday was gold, which jumped 2% to a new record high of $4,475 an ounce. Silver is up 1.6% and has already hit
BTC Falls From Daily Highs During US Trading Session Read More »
The price of BNB rose more than 1.7% in the past 24 hours amid a rally in the cryptocurrency market that saw the broader CoinDesk 20 Index (CD20) rise 2.2% over the same period. The price broke above the $860 resistance level that had capped recent rallies and briefly touched $868 before seeing a slight
BNB lags market despite breakout above $860 as Binance scrutiny intensifies Read More »
It’s the digital asset cash flow bubble in reverse, as companies once determined to accumulate cryptocurrencies on their balance sheets turn to selling digital assets in an effort to either prop up falling stock prices or reduce outstanding debt. ETHZilla (ETHZ), a Nasdaq-listed company focused on building a reserve of the second largest cryptocurrency, Ether.
ETHZills (ETHZ) sells $74.5 million worth of ETH to reduce debts Read More »
