The Bank of Japan (BoJ) is expected to raise interest rates for the first time since January, increasing the policy rate by 25 basis points to 0.75% from 0.50%, according to Nikkei. The decision, which is expected on Dec. 19, would take Japanese interest rates to their highest level in roughly 30 years. The broader…
CoinDesk began presenting its annual Most Influential list this week, recognizing the individuals and groups we believe had the greatest impact on the crypto industry over the past 11+ months. U.S. President Donald Trump led the way as CoinDesk’s first recognized individual, alongside other individuals who drove crypto legislation. You’re reading State of Crypto, a…
Brazil’s largest privately-owned asset manager, Itáu Asset Management, has recommended investors allocate 1% to 3% of their portfolios to bitcoin BTC$90,305.76. In a year-end note, Renato Eid, head of beta strategies and responsible investment for Itaú Asset Management, argued that bitcoin’s lack of correlation with traditional local assets makes it a useful diversification tool. The…
The news that MSCI — one of the world’s “Big Three” index providers — is looking to potentially exclude digital asset treasuries (DATs) from its indexes has absolutely scandalized the crypto community. JP Morgan mentioning this in their research note on Strategy only added fuel to the fire, with the term “Operation Chokepoint” coming back…
Once a breakout non-fungible token (NFT) project during the 2021 crypto boom, Pudgy Penguins is turning to real-world visibility with a high-profile ad placement at the Las Vegas Sphere during Christmas week. Only a few crypto-related brands have secured ad space at the Sphere, a massive LED-covered venue known for its immersive displays and performances…
Stablecoin issuer Tether’s dreams of a full takeover of Italian soccer club Juventus appear to have been dashed. Majority shareholder Exor’s board of directors has unanimously rejected Tether’s binding, all-cash bid to purchase the firm’s 65.4% stake in Juventus, stating in a Saturday press release that it has “no intention of selling any of its…
Laura Katherine Mann, a partner at global law firm White & Case, sees 2025 as the “test-case year” for crypto initial public offerings, but says 2026 is the real proof point: the year the market finds out whether digital asset IPOs are a “durable asset class” or just a cyclical trade that only works when…
Bitcoin BTC$90,240.89 has so far bounced above $90,000, 15% higher from its Nov. 21 low of around $80,000, with price finding confluence support across three important cost basis metrics: the 2024 yearly volume weighted cost basis, the True Market Mean, and the average U.S. spot exchange-traded fund (ETF) cost basis. These metrics help to identify…
Vanguard’s global head of quantitative equity, John Ameriks, said bitcoin BTC$90,185.24 still resembles a speculative collectible more than an asset meant to build long-term wealth, comparing it to a “digital Labubu,” the plush toy that has become a popular collectible. Ameriks’ words came during Bloomberg’s ETFs in Depth conference in New York on Thursday, where…
Bitcoin-heavy firm Strategy (MSTR) will remain in the Nasdaq 100 index, surviving the annual reshuffle that saw several household names dropped. The firm, which began as business software provider MicroStrategy, pivoted in 2020 to stockpiling bitcoin as its core strategy. It has since then accumulated 660,624 BTC worth $59.55 billion, and it was added to…
