For the first time in five years, the Russell 2000 Index (IWM) is hitting record highs while bitcoin BTC$92,578.55, which usually tops in tandem, is out of sync and remains 27% below October’s record. History suggests the largest cryptocurrency and cryptocurrencies more broadly are likely to catch up. The Russell 2000, a gauge of U.S. […]
Risk assets are under pressure Thursday despite the Fed’s rate cut, with Oracle’s earnings miss piling on alongside the central bank’s hawkish guidance. Bitcoin BTC$90,222.18, the leading cryptocurrency by market value, is trading near $90,000, representing a 2.8% drop over 24 hours, according to CoinDesk data. Futures tied to Wall Street’s tech heavy index, Nasdaq, […]
SGX’s bitcoin BTC$90,301.29 and ether ETH$3,113.55 perpetual futures have become increasingly popular since their debut two weeks ago, and that growth represents new liquidity rather than cash redirected from elsewhere, said Michael Syn, president of the SGX Group. The products, cryptocurrency derivatives that allow institutional traders to speculate on the price of an asset without […]
The Commodity Futures Trading Commission (CFTC) on Monday launched a pilot program allowing select digital assets — bitcoin BTC$90,938.56, ether ETH$3,134.24 and USD Coin (USDC) or other payment stablecoins — to be used as collateral in U.S. derivatives markets. The program, announced by Acting Chairman Caroline Pham, is part of a broader push to give […]
The Bank of Japan is preparing to raise interest rates at its December policy meeting, a shift that would lift the country’s benchmark rate to its highest level since 1995 and potentially reverberate through global risk markets, including crypto. People familiar with the matter told Bloomberg that policymakers are leaning toward a 25-basis-point hike to […]
Japan is preparing to overhaul how it taxes cryptocurrency gains, moving toward a flat 20% levy that would bring digital assets in line with equities and investment trusts, per Nikkei. The shift marks the country’s most significant policy update for the sector in years and reflects a growing view among regulators that crypto has matured […]
Latin American cryptocurrency exchange Ripio has revealed it holds a crypto treasury valued at over $100 million, making it the second-largest publicly known such firm in Latin America behind OranjeBTC. The company’s CEO Sebastian Serrano confirmed the figure in an interview with CoinDesk during DevConnect 2025 in Buenos Aires, noting that it began acquiring bitcoin […]
Chainlink’s LINK token surged 4.17% on Tuesday, climbing to just shy of $14 and breaking through multiple resistance levels as institutional demand for oracle infrastructure assets picked up. The move marked a rare show of strength after recent headwinds, with LINK outperforming the advances of bitcoin BTC$93,375.87 and broader market benchmark CoinDesk 5 Index. Trading […]
Mt. Gox Moves $956M Worth of BTC
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The long-defunct Mt. Gox exchange initiated a significant bitcoin move on-chain Monday, transferring approximately 10,608 BTC, worth $950 million, to new wallet address, according to data from blockchain analytics firm Arkham Intelligence. The transfer unfolded at approximately 11:40 p.m. ET, with around 10,422 BTC sent to an unidentified address labeled “1ANkD…ojwyt,” while a smaller portion […]
Crypto market sentiment has deteriorated sharply, with the Fear & Greed Index dropping to 10, a level indicating “extreme fear,” marking a near nine-month low as it’s the lowest reading since late February. The plunge in sentiment follows a week of losses across major cryptocurrencies, led by bitcoin’s decline to just under $96,000 in a […]
Bitcoin BTC$97,014.68 saw no bounce Friday, holding at session lows below $95,000 late in the U.S. day after a bruising week that dragged prices to their lowest since May. The largest cryptocurrency is again underperforming U.S. stocks, with major U.S. indices holding onto minor gains a few minutes prior to the end of trading. BTC […]
Tether’s dominance in the cryptocurrency market has risen sharply, reaching its highest level since April, underscoring the risk aversion in the broader crypto market. Tether is the world’s largest dollar-pegged stablecoin, trading at a market capitalization of $184 billion at press time. While the stablecoin is widely used to fund crypto purchases and for lending […]