Bitcoin soared above $113,000 late Sunday, its highest level in nearly two weeks, as traders welcomed signs of progress in U.S.-China trade talks that eased fears of a new tariff spiral. The two countries’ top negotiators said they had reached a “preliminary consensus” on several contentious issues – including export controls, fentanyl and shipping taxes […]
Bitcoin BTC$113,324.85 has long been described as “digital gold” and, like the precious metal, is often touted as a hedge against inflation. But new data from NYDIG suggests the narrative doesn’t hold water. In his weekly summary, Greg Cipolaro, global head of research at NYDIG, found that inflation is not a reliable factor that determines
Bitcoin Is Not Digital Gold, It’s a ‘Liquidity Barometer,’ Says NYDIG Read More »
President Donald Trump has named his new pick to lead the U.S. Commodity Futures Trading Commission, officially endorsing Securities and Exchange Commission attorney Mike Selig after dropping his one-time pick of former CFTC Commissioner Brian Quintenz. The near-term direction of the Commodity Futures Trading Commission could be an important issue for the crypto industry, as
Trump names SEC crypto task force head Selig as next nominee to lead US CFTC Read More »
The first US-listed exchange-traded fund (ETF) offering spot exposure to XRP has surpassed $100 million in assets under management (AUM) just one month after its launch, according to issuer REX-Osprey. The ETF, the REX-Osprey XRP ETF (XRPR), has seen rapid growth since its launch in September. It provides investors with direct exposure to XRP, currently
First US Spot XRP ETF exceeds $100 million in assets under management Read More »
Solana GROUND$194.09 was trading around $191.95 as of 3:45 p.m. UTC on Oct. 25, after the push toward $195 faded, with traders watching to see if the market can hold the $180 high and convert $192 to $195 into a base. Solana News Highlights of the Week Earlier today, crypto analyst Ali Martinez called out
SOL Now on Fidelity; Launch of the Gemini Solana credit card; $188 Targeted Support Read More »
As Bitcoin cash companies continue to struggle with falling stock prices and rapidly slowing Bitcoin accumulation in a tightening market, many are now trading below a multiple of 1 to their net asset value (mNAV). In other words, for these “pure play” cash holders (i.e. excluding miners like MARA Holdings and broader crypto platforms like
“Michael Saylor’s MSTR retains premium amid waning sentiment”. Can others do the same? Read More »
Ether ETH$3,934.48 hovered near $3,946 at 1:57 p.m. UTC on October 25 after a large volume rejection around $4,000, leaving the price below resistance, while analysts presented five-digit scenarios and on-chain data indicated the addition of larger wallets. Analyst view Analyst Ali Martinez forecasts a long-term trajectory to $10,000, warning it could take longer than
Analyst projects $10,000 for ETH, but ‘not as soon as you think’ Read More »
Video platform Rumble (RUM) plans to launch Bitcoin tipping for its 51 million monthly users by mid-December, expanding the ways creators can earn directly from their audiences. The new feature, developed in partnership with Tether, allows viewers to send BTC tips through an in-app digital wallet. This was announced at the Plan Forum ₿ in
Rumble to roll out Bitcoin tipping to 51 million users in December Read More »
Federal Reserve Governor Christopher Waller has floated the idea of the central bank creating a “lean master account” for crypto companies, which would give them access to the Fed’s payment lanes while keeping them away from a full Fed master account. You’re reading State of Crypto, a CoinDesk newsletter that examines the intersection of cryptocurrency
Lean master accounts and stablecoins Read More »
Kyrgyzstan is moving forward with its national cryptocurrency strategy, launching a stablecoin and preparing for the public sector rollout of a central bank digital currency (CBDC), according to Binance co-founder and former CEO Changpeng Zhao (CZ). The new stablecoin, presumably KGST, is pegged 1:1 to the national currency, the Kyrgyz Som, and is registered in
Kyrgyzstan Launches National Stablecoin, Establishes Cryptocurrency Reserve: CZ Read More »
