The Fed’s preferred inflation gauge, core PCE, likely rose in September, heading in the wrong direction. Yet volatility indices show no signs of major turbulence. Core PCE likely rose 2.9% year over year in September, moving in the wrong direction from the Fed’s target of a 2% annual rate, according to FactSet. If the actual […]
Here’s How Friday’s Inflation Report Could Move Prices Read More »
US-based XRP spot exchange-traded funds continued their strong post-launch run, recording their 13th consecutive day of net inflows since opening for trading on November 14. The funds attracted $50.27 million in net new capital on Wednesday, bringing their cumulative net inflow to $874.28 million, according to SoSo data. The funds recorded a total trading volume
Spot XRP ETF Approaching $1 Billion in Assets Under Management Read More »
Crypto infrastructure provider Blockdaemon and Bitcoin sidechain VerifiedX said they are partnering to simplify everyday crypto usage for non-technical users. The move, which involves generating revenue by sending money overseas, will see the same staking and blockchain infrastructure that Blockdaemon provides to banks and asset managers integrated into VerifiedX’s two consumer applications: self-custody wallet Switchblade
Blockdaemon and VerifiedX plan to bring institutional-grade DeFi to mass market users Read More »
Hello, Asia. Here’s what’s making news on the markets: Welcome to Asia Morning Briefing, a daily summary of the top news stories during U.S. business hours and insight into market movements and analysis. For a detailed overview of US markets, see Crypto Daybook Americas from CoinDesk. Hashed claims that the crypto market is finally moving
The next breakthrough will come from infrastructure, not stories, says Hashed Read More »
In today’s “Crypto for Advisors” newsletter, Lionsoul Global’s Gregory Mall breaks down the performance of crypto, highlighting its maturity, as well as its role in a portfolio. We examine why yield could ultimately become the most sustainable bridge between cryptocurrencies and traditional wallets. Then, in “Ask an Expert,” Kevin Tam highlights key investments from recent
What advisors should know as the market evolves Read More »
PCI$3.6545 rose 1.1% in the last 24 hours as volatility dominated price action. The token has been trading within a 5.5% intraday range, oscillating between repeated tests of support and brief rallies that have failed to overcome near-term resistance. according to CoinDesk Research’s technical analysis data model. An expansion in volume defined early trading. ICP
ICP increases as cross-chain themes attract market interest Read More »
BONK rose 1.1% over the past 24 hours to $0.00000988, trading in a narrow band as the Solana-based meme token continued its consolidation phase. Price action held within well-defined technical limits, with the session fluctuating between firm support near $0.00000980 and repeated resistance tests around $0.00001020, according to CoinDesk Research’s technical analysis data model. Activity
BONK Advances in Tight Trading Range as Volume Increases at Resistance Read More »
Spot bitcoin listed in the United States BTC$92,153.13 Exchange-traded funds (ETFs) have seen outflows of billions of dollars in recent weeks, amid a 35% price drop from $125,000 to $80,000, sparking rumors of institutional capitulation. Yet Amberdata’s data analysis presents a much more nuanced picture: concentrated redemptions from “basis trading” or arbitrage bet closes, not
“Basic Trading” Liquidation, Not Capitulation, Led to Recent ETF Outflows of $4 Billion Read More »
Sovereign funds were buying the decline in bitcoin BTC$93,325.36according to Larry Fink, CEO of BlackRock. “We’re seeing more and more legitimate, long-time investors investing in it,” Fink said Wednesday at the New York Times DealBook Summit in New York. “I can tell you that there are a certain number of sovereign funds […] they gradually
Sovereign wealth funds bought the dip, says Larry Fink Read More »
Bitcoin BTC$92,346.50 reversed its overnight rise to $94,000, falling back to $92,000 during U.S. opening hours on Thursday, continuing choppy action after wild moves first fell and then rose earlier in the week. Ethereum Ether ETH$3,135.55 held up relatively well, down just 0.7% on the day and rising above $3,100 in the afternoon. Among altcoins,
XRP, HBAR and ZEC lead Thursday’s decline, but Alts could be ready for the rally Read More »
