Though we’re still waiting on a lot of the formal rulemaking and proposed rulemaking from the federal securities and commodities regulators, last week’s memo is another sign that the SEC and CFTC are at least serious about signalling these efforts are coming. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of […]
Bitcoin was the first asset to price the Iran war because it was the only liquid market open when U.S. and Israel first launched their attack on a Saturday, a few weeks ago. It dropped 8.5% that day. Two weeks later, it has outperformed gold, the S&P 500, Asian equities, and the Korean stock market. […]
The blockchain trilemma reared its head once more at Consensus in Hong Kong in February, to some extent, putting Charles Hoskinson, the founder of Cardano, on the back foot – having to reassure attendees that hyperscalers like Google Cloud and Microsoft Azure are not a risk to decentralisation. The point was made that major blockchain […]
Two weeks into a Middle Eastern war and bitcoin is higher than where it started. The largest cryptocurrency was trading at $71,000 on Saturday morning, down 0.7% over the past 24 hours after the U.S. bombed military targets on Kharg Island, Iran’s main crude export facility. The reversal from Friday’s $73,838 high was sharp but […]
A federal appeals court rejected the final bid of crypto bank Custodia to challenge the U.S. Federal Reserve’s authority over granting master accounts, but the decision arrives at a time that the central bank is opening other avenues for such accounts. A Fed master account grants access to the central bank’s payment rails and full […]
Bitcoin BTC$72,397.54 rose through $72,000 during European hours on Friday, rising by 2% since midnight UTC and outpacing gains in U.S. equity indexes. Futures on the Nasdaq 100 and S&P 500 index dropped during Asian trading hours before recovering. Both are now in the green. The U.S. Dollar Index (DXY), meanwhile, broke above 100, a […]
The European Union’s recently-adopted Markets in Crypto Assets (MiCA) regulations is beginning to reshape the region’s digital-asset industry, creating new opportunities and barriers for firms seeking to operate across the bloc, a Swiss-based crypto wealth platform said. Swissborg, which boasts one million registered users and $1.3 billion in assets under management (AUM), is among the […]
The derivatives market on leading digital assets exchange Binance is doing more than five times the business of spot, hinting at volatile market conditions. The futures-to-spot volume ratio on the exchange has risen to approximately 5.1, its highest level since mid-2023, CryptoQuant data shows. The ratio is an indicator of the type of market participants […]
The U.S. markets regulators are melding their operations in the places where the duties of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) overlap, and building a crypto oversight framework is listed among the core aims of a written agreement released on Wednesday. Most of the objectives of the memorandum […]
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin BTC$69,587.38 slipped back below $70,000 as war in the Middle East and U.S. inflation data due later today keep investors cautious. The latest failure to build momentum above $70,000 followed reports that Iran was laying mines along the already disrupted Strait of Hormuz, a major […]
About $27 million was liquidated on the decentralized lending platform Aave over the last 24 hours, in what some market participants say may have been caused by a temporary pricing issue involving the token wstETH. Blockchain data flagged by risk-management firm Chaos Labs shows a spike in liquidations in the past 24 hours. Some observers […]
Crypto market strength extended into Tuesday, with bitcoin BTC$70,816.15 gaining by 3.9% since midnight UTC to trade at $71,000 while ether (ETH) is back above $2,000, a level it recently had problems surpassing. Crypto was not alone in its ascent. U.S. equities and precious metals also after U.S. President Donald Trump said the war in […]