Bitcoin was trading around $73,500 Friday morning Hong Kong time, about 10% below the lows of $80,000 hit earlier this month, according to market data from CoinDesk, as new data from CryptoQuant suggests one of the market’s most widely cited bullish indicators may instead reflect a shortage of buyers. A record 15.8 million BTC is […]
Record Bitcoin Supply Hides a Buyer Drought, CryptoQuant Says Read More »
Kaja Kallas, the European Union’s top diplomat, recently suggested that ending the continent’s dependence on China was like trying to cure a disease. “Chemotherapy” might be necessary, she said, and it would probably be painful. The comments are an example of the tone that Europe is increasingly adopting towards China, the 27-member European Union’s second-largest
Europe is getting closer to a trade war with China. Here’s why. Read More »
Retail traders piled into ether (ETH) bets even as the second-largest token fell below $2,000 for the first time since late March, a signal some analysts say means a deeper decline is in store. Social media lit up with dip buy calls the moment ETH cracked the round number, and analytics firm Santiment’s gauge of
Standard Chartered Backs $4,000 Ether Price Forecast as Retail Buys Dip Below $2,000 Read More »
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 1961.44, down 3.1% (-62.25) since 4 p.m. ET on Wednesday. One of the 20 assets is trading higher. Leaders: XLM (+10.5%) and HBAR (-1.7%). Lagging behind: NEAR (-12.2%)
Stellar (XLM) jumps 10.5% as almost all assets fall Read More »
The crypto sector remains deeply out of favor, not only from a price perspective, but also in terms of investor sentiment. Capital flows and market attention have increasingly shifted to other high-growth sectors, most recently semiconductors and memory-related stocks, which have effectively replaced crypto as the market’s dominant dynamic trade. This analysis compares the performance
BTC left adrift as hot money chases other assets Read More »
Ethereum treasury company Bit Digital (BTBT) has made its first purchase of ether (ETH) since the crypto market peaked in October, but it is already underwater on its acquisition as crypto prices retreat again. The company said it purchased approximately 8,568 ether (ETH) for $20 million on May 11, at an average price of $2,334
Bit Digital (BTBT) bought ether for the first time since October before a 15% drop Read More »
Asset manager VanEck has launched the first US exchange-traded fund offering spot exposure to BNB, expanding its crypto ETF offering. The VanEck BNB ETF, trading under the symbol VBNB, began trading with BNB-backed shares held in cold storage through custodian Anchorage Digital Bank, according to the company. The fund has a sponsor fee of 0.39%
VanEck Launches First US Spot BNB ETF on Nasdaq Read More »
Asset management giant Grayscale is the latest crypto company to delay its IPO plans due to market conditions, according to a person with knowledge of the matter. The Stamford-based investment firm has suspended its IPO preparations and is unlikely to resume the process until the fourth quarter at the earliest, said the person, who spoke
Grayscale IPO Delayed as Crypto Firms Reevaluate Public Market Plans Read More »
In a matter of weeks, Anthropic unveiled new agents for finance, Circle launched nanopayments, MoonPay launched an agent debit card, and Gemini launched agent trading, signaling that the fight against agent finance is here. Even though the products are new, the underlying business model remains the same. Every exchange and brokerage platform earns more when
Disciplined AI agents are the disruptor needed to break the churn pattern of exchanges Read More »
Leading Ethereum developers could soon benefit from a new source of funding: a blockchain lottery. Decentralized lottery protocol Megapot announced on Thursday that it is partnering with Protocol Guild, an independent funding collective for Ethereum protocol contributors, to introduce what they describe as the crypto industry’s first programmable charitable lottery. Under the deal, users can
Blockchain Lottery Plans to Use Crypto Gaming Fees to Fund Ethereum Development Read More »
