SoFi (SOFI) has launched a US dollar stablecoin, SoFiUSD, with the aim of enabling faster and cheaper movement of money to banks, fintechs and enterprise platforms. The coin is issued by SoFi Bank, a nationally chartered and FDIC-insured institution, making it the first U.S. national bank to offer open access to its stablecoin infrastructure. Last […]
SoFi Unveils First Bank-Issued Stablecoin for Business Payments Read More »
By Omkar Godbole (All times ET unless otherwise noted) Narratives are changing rapidly in crypto. Just yesterday we were talking about the weak institutional demand for bitcoin. BTC$87,285.36noting net outflows of more than $500 million from spot Bitcoin exchange-traded funds (ETFs) in the first two days of the week. Guess what? As of Wednesday, they
Bitcoin ETF rebound must be sustained for BTC price to benefit: Crypto Daybook Americas Read More »
Bitcoin BTC$87,191.19 Underperformance relative to gold, to which it is often compared, persists as its dollar price lacks a clear directional bias, trading between $86,000 and $90,000. It is currently up 1.2% since midnight UTC against the greenback. The bitcoin-to-gold price ratio, however, fell to 20.18, the lowest since January 1, 2024, according to data
Lowest BTC-gold ratio since January 2024, UNI, ZEC Rise Read More »
Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded their largest one-day inflows since November 11 on Wednesday, coinciding with a volatile crypto market in which Bitcoin BTC$86,817.46 rebounded to near $90,000 before reversing and falling below $86,000. In total, the funds saw net inflows of $457.3 million, most of which – $391.5 million
US Bitcoin ETFs see biggest inflows in over a month as BTC dominance hits 60% Read More »
Just a few years ago, it was virtually unthinkable that a Wall Street titan like JPMorgan would embrace crypto, but the recent arrival of the bank’s token deposits on Coinbase’s Layer 2 blockchain is proof that the world’s biggest banks are finally moving into exotic areas like decentralized finance (DeFi). The move last month by
JPMorgan’s token dollars are quietly reshaping the way Wall Street moves money Read More »
More than $110 million in Bitcoin BTC$86,988.63 short positions were liquidated as the price of the largest cryptocurrency surged to $90,000 from an intraday low of $86,200 on Wednesday. Data from Coinglass shows that short positions were liquidated over the past hour, with the majority occurring across Bitcoin trading pairs. The price surge also coincided
Bitcoin Shorts Jostle for Exits as BTC Price Climbs Read More »
India’s competition regulator has approved Coinbase’s plan to acquire a minority stake in CoinDCX, allowing the US-based exchange to deepen its exposure to one of the world’s fastest-growing crypto markets. The Competition Commission of India (CCI) cleared the transaction on Wednesday, giving Coinbase the green light to invest in DCX Global Limited, the parent company
Coinbase strengthens its presence in India after approval of CoinDCX deal Read More »
The XRP price chart paints a bearish picture, but lower-than-expected US inflation could trigger a rebound.
Does XRP crash? Extended Break Below $2 Signals Trouble Read More »
Bitcoin Price Today: Reduced to $86.5K Ahead of US CPI Data
Bitcoin Price Today: Reduced to $86.5K Ahead of US CPI Data Read More »
Crypto traders have struggled to understand the market over the past 24 hours. BTC$86,582.21 the price fluctuated wildly between $86,000 and $90,000. Things could get more exciting later on Thursday with the release of key US inflation data for November. That will provide a fresh look at price pressures in the economy after the record
Anywhere before US inflation data. and then? Read More »
