American Bitcoin Corp. (ABTC), an American bitcoin mining and treasury company founded by Eric Trump and Donald Trump Jr., saw its shares plunge as much as 50% on Tuesday. The decline occurred despite Bitcoin’s rebound above $91,000 and gains in almost every crypto-related stock. Trading volume jumped to 55 million shares, compared with a daily […]
ABTC shares plunge Tuesday even as market recovers Read More »
Wall Street broker Bernstein is sticking with his most aggressive Coinbase (COIN) call on the Street, an Outperform rating and a $510 price target, even through a market pullback and bitcoin rollover. BTC$91,451.13 volatility has dented sentiment for cryptocurrency-related stocks. In a Monday note by analysts led by Gautam Chhugani, the broker described the current
Coinbase (COIN) Could Soar 90% as “Everything Exchange” Vision Takes Shape Read More »
Bitcoin miner Iren (IREN) plans to raise up to $2.3 billion through the sale of convertible notes to refinance existing debt as the hash price falls to a five-year low, impacting its revenue. The company, which also offers processing power for training AI models, plans to issue $1 billion of convertible senior notes due 2032
IREN Aims for Up to $2.3 Billion Convertible Note Issuance, Shares Fall Read More »
Crypto exchange Kraken said it has agreed to buy tokenization specialist Backed Finance, as crypto companies increasingly put more real-world assets on-chain in a market expected to be worth billions of dollars in less than 10 years. Kraken plans to add the Swiss-based company’s tokenized stocks and exchange-traded funds (ETFs) to its trading platform, it
Crypto Exchange Kraken Agrees to Buy Funding Backed by Tokenization Company Read More »
BNP Paribas, France’s largest bank by assets, said Tuesday it was joining nine other European banks in a joint venture focused on issuing a stablecoin as traditional financial firms pursue the fast-growing digital asset class. The bank joins an Amsterdam-based initiative called Qivalis, supported by lenders including ING, UniCredit and CaixaBank. The group has applied
BNP Paribas joins Qivalis, a European Stablecoin Venture bank 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 2768.6, up 2.7% (+73.06) since 4 p.m. ET on Monday. Nineteen out of 20 assets are trading higher. Leaders: NEAR (+8.2%) and CRO (+7.6%). Lagging behind: ICP (-0.6%)
NEAR Protocol (NEAR) gains 8.2% as index rises Read More »
By Omkar Godbole (All times ET unless otherwise noted) The mood in the crypto market remains gloomy, with bearish projections from analysts circulating amid weak prices. Bitcoin BTC$87,831.82 The rebound from Monday’s drop below $84,000 has stalled near $87,000, while major altcoins including XRP, ETH, SOL and DOGE continue to approach their lows from Monday.
On Thin Ice: Crypto Daybook Americas Read More »
TON rose 0.77% in 24 hours to $1.5029 as trading activity intensified following the introduction of Cocoon, a decentralized AI computing platform built on the open network. Volume reached 2.95 million, a 37% increase from the weekly average, according to CoinDesk Research’s technical analysis data model. The price action comes as Cocoon begins processing live
Toncoin (TON) Climbs to $1.50 as Cocoon Launch Sparks Increase in Trading Volume Read More »
APTE$1.9035 advanced 2.4% to $1.90 over the past 24 hours. The token outperformed the broader crypto market, while trading volume soared 40% above its 30-day average. The CoinDesk 20 Index (CD20) added 1.5% during the same period. According to CoinDesk Research’s technical analysis model, the combination of contained price movement and high activity generally indicates
APT rises 2.4% and outperforms the broader crypto market Read More »
The crypto market failed to recover significantly on Tuesday as it continued to languish in “extreme fear” territory following a sell-off on Monday that appeared to have eroded investor confidence. Bitcoin was trading around $87,000, down from last week’s high of $92,350, as the broader market continued to show weakness despite hopes of a “Santa
Risk-off Mood Persists as Altcoins Extend Losses Read More »
