Crypto bulls are again watching from the sidelines as the debasement trade continues and risk assets generally move broadly higher during the U.S. trading session. The standout performer on Monday is gold, which has surged 2% to a new record high of $4,475 per ounce. Silver is higher by 1.6% and earlier hit its own…
Coinbase (COIN) said it agreed to buy The Clearing Company to help grow its newly launched prediction market as part of the crypto exchange’s plan to become an all-in-one platform for trading everything. San Francisco-based The Clearing Company is a startup led by Toni Gemayel, who has worked extensively in the industry including as the…
The CME has lost its place as the number one exchange for bitcoin BTC$89,648.29 futures open interest (OI). Binance has now overtaken CME as the largest venue by OI according to CoinGlass data, with Binance holding roughly 125,000 BTC ($11.2 billion in notional value) against the CME’s of 123,000 BTC ($11 billion). CME OI started…
Tax season is approaching, and with only a sliver of 2025 left, investors must now revisit tax and accounting strategies that support their overall financial health. In December, a slight adjustment can mean significant benefits. With crypto investing continuing to gain traction among retail investors over the past few years, crypto tax reporting and accompanying…
Bitcoin BTC$90,016.95 has experienced its toughest fourth quarter since 2022, but a time-honored Wall Street pattern could soon bring relief to battered BTC bulls. That pattern is S&P 500’s tendency to chalk out a Santa rally – an upswing during the final five trading days of December and the first two of January. A repeat…
Gold surged to record, bringing cheer to digital tokens backed by the metal traditionally seen as a haven investment. XAUT$4,417.98, the largest gold-backed token by market value, rose to an all-time high of $4,425 while PAXG (PAXG) and kineses gold (KAU) also rose, lifting the total market value of gold-backed tokens to $4.38 billion. “The…
The crypto market is bracing for a massive structural reset on Friday, with billions of dollars worth of bitcoin BTC$89,816.59 and ether ETH$3,043.63 options set to expire on Deribit. This colossal “Boxing Day” event, named for the holiday observed in many countries on Dec. 26, will see $23.6 billion in bitcoin options and $3.8 billion…
Uniswap’s long-running debate over how, or whether, the protocol should return value to UNI holders is close to being resolved. The protocol’s “UNIfication” proposal has already crossed quorum, with more than 69 million UNI tokens voting in favor and virtually no opposition as of Monday. Voting remains open until Dec. 25, but the margin suggests…
Hong Kong is plotting a move to unlock a multi-billion dollar capital pool for digital assets and related infrastructure, potentially marking a watershed moment for institutional crypto adoption in Asia. The Hong Kong Insurance Authority (IA) is proposing new rules that would allow the city’s 158 authorized insurers to channel funds into assets, including cryptocurrencies,…
Binance, the leading crypto exchange by trading volume, has just made it possible for everyone to earn a passive-like income through ether options, opening up a strategy once limited to pros. The exchange announced in a press release shared with CoinDesk that it is allowing users to write (sell) ether options, helping them effectively manage…
