Many are assumed to belong to Bitcoin’s pseudonymous creator Satoshi Nakamoto and other owners who lost their keys, which means they can never be moved to safety. Another 5 million or so are exposed through address reuse, according to Project11, a research group tracking the issue, though most of those are thought to be active…
Blockchain-based prediction markets have recently emerged as the go-to-place for investors to bet on the SpaceX IPO, offering a decentralized alternative to traditional pre-IPO markets. Unlike private equity deals that require accreditation and high minimums, these onchain markets are accessible to retail investors with minimal capital, creating 24/7 price discovery on IPO odds. At Wednesday’s…
“To put the argument in the plainest real-world terms: Senate Majority Leader Harry Reid of Nevada would never have consented to or passively accepted legislation displacing an activity so critical to his state’s economy and politics by permitting sports betting only under CFTC auspices,” Gensler’s brief said. Courts have so far been split; some have…
BlackRock took another step toward introducing its bitcoin income exchange-traded fund on Nasdaq, filing a share registration document that often signals an imminent debut. The world’s largest asset manager filed the Form 8-A for the iShares Bitcoin Premium Income ETF on Thursday, usually one of the last procedural moves before an ETF goes live. The…
Bitcoin BTC$63,615.61 is trading near $63,000 after dipping to about $59,000 earlier this week, and some data points to pain ahead for bulls, with a possible drop to levels last seen in early 2024. The largest cryptocurrency is now only 9% above its realized price of about $53,600, according to onchain analysis firm CryptoQuant. Realized…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1711.6, down 0.3% (-4.68) since 4 p.m. ET on Thursday. Ten of 20 assets are trading higher. Leaders: NEAR (+2.7%) and ADA (+1.0%). Laggards: CRO (-1.4%) and ETH (-1.0%)….
This is why the most exposed institutional holders have been waiting. They are waiting for the coordination work to happen, which a research grant does not accomplish. The work needs an actor with the standing to convene the protocol communities, the custodians, and the regulators who must move together. No funded entity has taken on…
Latest developments: Kalshi’s launch of CFTC-regulated crypto perpetuals has reignited a long-running debate over financial market definitions. John Lothian and Kalshi’s Udesh Jha joined The Policy Protocol to debate this topic. John Lothian, publisher of John Lothian News, argued that perpetual contracts resemble swaps because they involve recurring bilateral cash-flow payments through funding-rate mechanisms. Udesh…
Latest developments: Crypto markets are under pressure as Bitcoin sits around $60,000 and ETF outflows continue. Bitcoin ETFs have recorded four consecutive weeks with more than $1 billion in net outflows. James Seyffart of Bloomberg Intelligence joined Public Keys and said roughly $9 billion has exited Bitcoin ETFs since their recent peak. Despite the pullback,…
The cryptocurrency market reached its definitive bottom for the currency cycle, Standard Chartered Analyst Geoffrey Kendrick said in a note on Friday. The cycle low is now locked in at $59,000 for bitcoin, a 53% drop from its Oct. 6 all-time high of $126,000, according to Kendrick. “Winter is over. Welcome back to crypto Spring,…
