“Just buy an ETF. » This blunt advice from Strive Asset Management CEO Matt Cole during a panel at Bitcoin Asia in Hong Kong in August summed up the growing frustration with digital asset treasuries (DATs), the corporate vehicles that promise to outperform bitcoin. BTC$112,544.71 through smart financing and balance sheet engineering but, so far, […]
DATs continue to buy Bitcoin, outperforming ETFs is the hard part Read More »
Ripple is expanding its institutional custody infrastructure to Africa through a new partnership with Absa Bank, one of South Africa’s largest financial institutions. The deal makes Absa Ripple the first major custody client on the continent and reflects growing institutional interest in tokenized assets in emerging markets. Absa will use Ripple’s digital asset custody technology
The company extends its custody network to Africa Read More »
Federal Reserve Chairman Jerome Powell said Tuesday that the central bank may soon reach a point where its long-standing program to reduce the size of its balance sheet should end. Yet BTC continues to trade in the red, with derivatives indicating continued bearish sentiment. “Our long-standing plan is to stop the balance sheet runoff when
Coinbase has agreed to invest in CoinDCX, one of India’s largest crypto exchanges, in a transaction that remains subject to regulatory approvals and other customary closing conditions, according to statements released Wednesday by Shan Aggarwal, Coinbase’s chief business officer, and Sumit Gupta, co-founder and CEO of CoinDCX. Aggarwal framed the move as a long-term bet
Coinbase to increase investment in Indian exchange CoinDCX Read More »
Significant deleveraging in derivatives markets sends XRP lower before buyers defend the $2.40 area, setting up a new test of key support ahead of Asia trade. News context XRP traded sharply lower during the October 14-15 session as macroeconomic pressure and broad crypto deleveraging pushed open interest down 50% to $4.22 billion. Despite the disaster,
Tests $2.40 base after 6% swing; Eyes $2.65 Breaking Level Read More »
Over-the-counter (OTC) desks played a crucial role in stabilizing trading during the recent crypto market crash by acting as shock absorbers that contained volatility and limited broader systemic risks, according to a note from Finery Markets, a leading crypto ECN and SaaS trading provider ranked among the top 30 asset firms digital in the world.
How have OTC desks stabilized markets? Read More »
Bitcoin Price Today: Stable at $112,000 Amid Trade Tensions, Rate Cut Bets
Bitcoin Price Today: Stable at $112,000 Amid Trade Tensions, Rate Cut Bets Read More »
S&P Global Ratings brings its stablecoin stability ratings directly to blockchains through a partnership with decentralized oracle network Chainlink. The integration allows decentralized financial protocols, smart contracts and financial platforms to access risk assessments of S&P stablecoins in real-time, according to a press release shared with CoinDesk. Ratings rate stablecoins from 1 to 5 based
S&P Global Ratings Brings Stable Risk Scores On-Chain via Chainlink Read More »
Wall Street broker Bernstein said Circle (CRCL) could suffer a revenue decline if U.S. rates fall sharply, but strong demand for stablecoins and operating leverage could help soften the blow. Each 25 basis point cut in rates would reduce 2027 revenues by about 9% and EBITDA by 11%, with rates below 2% implying $668 million
Circle (CRCL) can withstand rate cuts as stablecoin demand grows: Bernstein Read More »
Led by Elon Musk, Tesla bought $1.5 billion worth of Bitcoin BTC$113,148.88 in early 2021 and announced plans to accept BTC as payment for its products. A few months later, Musk – expressing concern about the massive amounts of energy needed to secure the Bitcoin network – said Tesla would no longer accept bitcoin as
Bitcoin (BTC) attracts bullish mention from Elon Musk Read More »
