Remember BlackBerry? Yes, that BlackBerry: the phone with a physical keyboard that everyone used and which suddenly became obsolete after Apple launched the iPhone. Well, it’s making a comeback. The new BlackBerry isn’t a mobile device, but it is a “mission-critical software layer in the physical AI stack,” and the stock is up sharply. BlackBerry […]
BlackBerry is making a comeback. It’s not like you might think Read More »
STRC trading well below its $100 target level simply makes Strategy’s bitcoin acquisition and financing engine less effective, as the company can no longer issue preferred shares on attractive terms, as Benchmark analyst Mark Palmer previously noted. This is very different from suggesting that the model is a failure. The biggest problem is trust rather
The liquidation heatmap shows much of the liquidation risk clustered above current prices, not below. This means that a downward move is unlikely to be amplified by a cascade of forced sales; the real danger lies in those who are positioned in the open. Open interest increased by around 0.28% in the last 24 hours,
BTC hits $58,000, but a short squeeze could set up a rebound Read More »
Payward, the parent company of cryptocurrency exchange Kraken, has filed a lawsuit against PowerTrade, a highly leveraged derivatives platform based in the United Arab Emirates, claiming that the company’s founders embezzled $7.2 million in digital assets and unrealized gains from Kraken. “PowerTrade and its co-founders misappropriated $7.2 million in digital assets and unrealized earnings from
Kraken sues crypto derivatives firm PowerTrade over missing funds 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 1646.0, up 2.7% (+42.96) since 4 p.m. ET on Wednesday. Eighteen of the 20 assets are trading higher. Leaders: AAVE (+10.1%) and BCH (+5.8%). Lagging behind: HBAR (-1.0%)
AAVE gains 10.1% as index rises Read More »
Boston-based stablecoin issuer Circle Internet Financial on Thursday announced a partnership with Japanese financial conglomerate Nomura Holdings to launch a digital asset settlement business. The companies plan to roll out a business payments service in Japan as early as 2027. The deal will allow Japanese companies to exchange yen for USDC, Circle’s stablecoin backed by
Circle and Nomura join forces to target $440 billion daily FX market in Japan Read More »
Blockchain intelligence firm TRM Labs said CoinEx serves as a gateway for Iran’s crypto sector, having traced more than $3.84 billion in flows between the exchange and sanctioned Iranian entities over the past seven years. TRM Labs said CoinEx has become the largest trading partner of Iran’s largest crypto exchange Nobitex, which accounted for around
Additionally, the fundamental and headline numbers may be considered outdated or backward looking, given the recent decline in oil prices. WTI crude futures fell to $70, significantly below the $100-plus level seen during the Iran war in March and April. Headline inflation is expected to reach 4.1%, its highest level since early 2023, largely driven
Like Bitcoin BTC$61,289.70 fell below $59,100 on Wednesday, the number held at a loss hit a record 10.83 million BTC, according to Glassnode data. The largest cryptocurrency has tested the $60,000 level several times since February, briefly falling below it on several occasions. Four months ago, the losing supply peaked at 9.8 million BTC. It
Losing Bitcoin Supply Hits Record High as Long-Term Holders Remain Unfazed Read More »
Computer memory chip maker Micron Technology (MU) reported stellar third-quarter results on Wednesday, lifting the entire AI memory sector, AI-related stocks and even giving crypto a slight boost. Bitcoin BTC$61,617.45 rose back above $60,000 after markets closed, but AI bullish sentiment will eventually pull more liquidity out of crypto. Shares of Micron jumped 16% in
Micron Technology (MU) jumped 16% after stellar earnings and strong guidance Read More »
