Solana’s role in the race to capture tokenized markets won new attention this week when Bitwise CIO Matthew Hougan called it “the new Wall Street.” Speaking with Solana Labs’ Akshay Rajan on Oct. 2, Hougan said global financial leaders increasingly recognize the disruptive potential of stablecoins and tokenization. He noted that the heads of the […]
Wall Street bankers are hammering away at some provisions of the new U.S. stablecoin law that was hailed by President Donald Trump and the crypto sector as a huge first step toward establishing a fully regulated U.S. industry, and the banks are joined by unusual bedfellows from the consumer-advocate world in sounding alarms. Hoping to […]
Bitcoin fell below $100,000 on Sunday, its lowest point since May, signalling risk aversion on Wall Street on Monday amid reports that Iran is leaning towards blocking the Strait of Hormuz. The Strait, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, handling roughly 20% of […]
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As Asia begins its trading day, is trading above $2500 as […]
Adopting Michael Saylor’s strategy of buying for the balance sheet has clearly taken off among many publicly traded firms, substantially enriching their stock prices and shareholders. But what does it mean for the future of the bitcoin price? NYDIG Research crunched the numbers, and the results are striking. “If we apply a 10x “money multiplier”—a […]
Wall Street analysts are standing firmly behind Strategy’s (MSTR) aggressive escalation of its bitcoin (BTC) acquisition strategy after the company unveiled plans to double its capital-raising ambitions. “While the number of companies that have sought to replicate Strategy’s bitcoin acquisition strategy has continued to grow rapidly … MSTR yesterday issued a reminder of the extent […]