Layer 2 Ethereum project MegaETH raised $450 million in a token sale that attracted nearly nine times its fundraising goal within hours of going live. Blockchain analytics firm Arkham revealed that 819 wallets pledged the maximum amount, sending $186,000 worth of USDT to the MegaETH sales address, with the total number of investors reaching 14,491. […]
Welcome to the institutional newsletter, Crypto Long & Short. This week: Andy Baehr of CoinDesk Indices offers a “Vibe Check,” telling the story of two markets: fast money and slow money. CoinDesk’s Sam Ewen says it’s no surprise why internet-native communities want internet-native currencies, and why stablecoins are the logical bridge. . In the “Chart
Crypto Long & Short: Fast Money, Slow Money Read More »
Japanese investment bank Mizuho has called Visa (V) “the stablecoin among stablecoins,” arguing that the payments giant has become a vital part of the global stablecoin infrastructure. Visa’s growing network of stablecoin-linked card programs, which now has more than 130 programs in more than 40 countries, with spending quadrupling year-over-year, gives it a central role
Investment bank says Visa (V) is becoming the ‘Stablecoin of stablecoins’ Read More »
Coinbase (COIN) is scheduled to report third-quarter earnings Thursday after the market close, and Wall Street is widely expecting revenue to rise. According to FactSet, analysts estimate that the crypto exchange will post earnings per share (EPS) of $1.14 – quadrupling the $0.28 from the third quarter of last year – and revenue of $1.8
Consensys, the blockchain software company behind the MetaMask wallet, plans to go public and has chosen JPMorgan Chase and Goldman Sachs as lead underwriters for its IPO, Axios reported Wednesday. The listing would mark one of the most significant public debuts ever by a company building Ethereum’s infrastructure. ETH$3,947.98the second largest blockchain in the world.
Consensys plans public debut, taps JPMorgan, Goldman Sachs to lead IPO: Axios Read More »
Chainlink’s native token LINK LINK$6:50 p.m. rallied to $18.40 during Wednesday’s session, reversing losses from a strong intraday sell-off that saw the price fall below the key $18 support level. A sudden surge in volume of 4.59 million tokens – 178% above the 24-hour average – confirmed the breakdown as sellers breached short-term support levels.
Rebounds 4% as FOMC Volatility Boosts Crypto Market Read More »
Mastercard (MA) is reportedly considering acquiring blockchain infrastructure startup Zero Hash as competition for stablecoin payments intensifies. The global payments and cards provider is in late-stage talks and could pay between $1.5 billion and $2 billion for the crypto company, Fortune reported Wednesday, citing sources familiar with the matter. This comes as Mastercard could lose
Mastercard (M) in talks to acquire crypto startup Zero Hash: report Read More »
Stellar Lumens (XLM) gained 1.53% over the past 24 hours, rising from $0.3168 to $0.3177 as trading volume surged 134% above its 30-day average. Controlled price action amid high volume indicates institutional accumulation rather than retail-driven momentum. XLM slightly outperformed the broader crypto market by 1.23%, consolidating between $0.315 and $0.325 after rebounding from a
Stellar Edges Up 1.5%, Topping $0.32 Amid Institutional Accumulation Read More »
This is a technical analysis article written by CoinDesk Analyst and Certified Market Technician Omkar Godbole. Bitcoin BTC$113,421.04 is down but not in retreat following the latest hawkish remarks from Federal Reserve Chairman Jerome Powell, which called into question expectations around a December rate cut. That’s the message from the price chart, which shows that
Maintain the 200-day average, but for how long? Read More »
A solid day of decline for cryptocurrencies is turning into a tailspin after the Federal Reserve Chairman’s surprisingly hawkish remarks during his post-policy meeting press conference. “A December rate cut is far from a foregone conclusion,” Powell said in his opening remarks. This came as a shock to markets, which had predicted a 90% chance
Losses mount as Powell pours cold water on December rate cut Read More »
