Crypto markets may be climbing, but some investors don’t believe the rally is real, and that’s exactly why it could go much higher, according to Tom Lee, co-founder of Fundstrat and chairman of Ethereum treasury firm Bitmine Immersion (BMNR). Speaking with CoinDeskTV, Lee explained why he called the rebound across crypto and equities that started […]
Soft U.S. July jobs numbers released Friday morning combined with shocking revisions lower to June and May prints to produce the weakest three-month period of employment growth since the Covid shutdowns of 2020. The data seems likely to put an end to the wait-and-see approach of Federal Reserve Chairman Jerome Powell and set the central […]
Ripple has expanded its institutional custody services into the Middle East, partnering with UAE-based tokenization platform Ctrl Alt to support Dubai’s government-led real estate digitization initiative. The deal, announced on Tuesday, will see Ctrl Alt use Ripple’s custody infrastructure to store tokenized property title deeds issued by the Dubai Land Department (DLD) on the XRP […]
The House of Representatives is done for the day and won’t be voting on a procedural motion to advance a trio of crypto bills, according to the website tied to House Majority Whip Tom Emmer. As it sped into Crypto Week on Tuesday, the U.S. House’s process toward passing digital assets bills ground to a […]
Cryptocurrency-friendly lender Standard Chartered is claiming bragging rights of being the first global bank to offer spot trading in bitcoin and ether (ETH) to institutional clients. The offering, rolled out through the bank’s UK branches, is available initially via our U.K. entity, during Asia and Europe trading hours, with 24/5 access under consideration as client […]
Bitcoin cooled off during U.S. trading hours Monday after nearly topping $123,000 earlier in the session, but market top calls are premature, analysts said. BTC slipped below $120,000 late in the U.S. day, shedding most of its overnight advance, but holding on to a modest 0.6% gain over the past 24 hours. Ethereum’s ether {{ETH}} […]
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Looks north; Dealer gamma, Vol and DXY in focus Bitcoin just shattered records, surging past $123,000 early Monday, continuing the march to $140,000 levels indicated by the strong breakout in BlackRock’s IBIT last week. […]
“Hyperbitcoinization” — an almost apocalyptic term evoking end-of-days fiat collapse and bitcoin’s parabolic rise to global reserve status — is increasingly being discussed in more serious circles. For hardcore bitcoin maximalists, it’s long been the ultimate scenario: a financial utopia where individuals, institutions and even nations are all-in on a bitcoin-only system as the fiat-based […]
On June 11, PayPal announced plans to launch its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), on the Stellar blockchain network, pending regulatory approval from the New York State Department of Financial Services. If approved, the move would mark the expansion of PYUSD beyond its current availability on Ethereum and Solana. PayPal described Stellar as a […]
“Please don’t fall for misinformation,” Indian crypto exchange CoinDCX’s Co-founder and CEO, Sumit Gupta, said Saturday amid allegations that the exchange moved user funds to non-compliant entities in Lithuania. The allegation was reportedly made by another Indian exchange, WazirX, which has been under scrutiny since last year’s $230 million hack. In an affidavit filed as […]
Bitcoin’s rally to $120,000 this week has sparked a broader breakout across major crypto assets, with ether (ETH), Solana’s SOL, XRP, and dogecoin all posting high single-digit percentage gains. However, this time, price action isn’t just about momentum, as traders claim that market structure is evolving under the weight of institutional influence. “This isn’t a […]
U.S. lawmakers may actually get a crypto bill to the president’s desk. The House is set to vote on market structure and stablecoin legislation next week, bringing the U.S. a vital step closer to drafting new rules for the industry. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and […]