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 »
Hello, Asia. Here’s what’s making news on the markets: Welcome to Asia Morning Briefing, a daily summary of the top news stories during U.S. business hours and insight into market movements and analysis. For a detailed look at US markets, check out CoinDesk’s Crypto Daybook Americas. Crypto’s largest-ever leverage wipeout has left traders cautious but
Structural demand anchors Bitcoin after record $20 billion selloff Read More »
Bitcoin is trading at $111,000 on Tuesday as it clings to the critical support level of $110,000. The world’s largest cryptocurrency has struggled to recover from a weekend selloff that saw it fall from $121,000 to $110,000, wiping out $500 billion in terms of the crypto’s overall market capitalization. Altcoins have performed even worse recently;
Bitcoin holds $111,000 as derivatives market gives mixed signals Read More »
