Coinbase Institutional has said crypto markets may be poised for a December recovery, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin BTC$89,682.35. In a market note shared Dec. 6, the firm pointed to rising odds of a Federal Reserve rate cut next week, now priced at 93%…
Special purpose acquisition company (SPAC) Columbus Circle Capital (BRR) and ProCap BTC — led by Anthony Pompliano and having raised more than $750 million to build a bitcoin treasury firm — closed their merger late Friday. The combined company has been renamed ProCap Financial and will begin trading on the Nasdaq under the BRR symbol…
LUNC$0.0₄6315, the rebranded token from the collapsed Terra ecosystem, posted one of the largest gains in the crypto market over the past 24-hour period, climbing more than 74% to $0.0000072 on exploding trading volume. The token is up more than 160% in the past week. The rally comes ahead of the Dec. 11 sentencing of…
XRP slipped toward the $2 mark in early U.S. hours Friday as social sentiment around the token deteriorated sharply, with new data from analytics firm Santiment showing the deepest stretch of bearish commentary since October. The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside…
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 2903.22, down 1.5% (-45.1) since 4 p.m. ET on Thursday. One of 20 assets is trading higher. Leaders: BCH (+0.5%) and ETH (-0.4%). Laggards: APT (-5.5%) and ICP (-4.9%)….
Not waiting until what’s become its customary plunge time of Sunday evening, bitcoin BTC$89,602.80 is getting an early start to the weekend this holiday season, continuing an overnight tumble and slipping back to $90,000 in early U.S. trading hours. The move reverses much of the bounce from last Sunday night’s panicky drop that pushed bitcoin…
A sprawling crypto-investment fraud network that stole and laundered more than 700 million euros ($815 million) has been dismantled following coordinated raids across Europe. The criminal group ran a slew of fake crypto-trading platforms that promised high returns through slick marketing campaigns, Europol announced on Thursday. Victims, drawn in by “sophisticated” ads, were funneled into…
Stablecoins have had their ups and downs, but it’s clear they’re one of crypto’s biggest success stories so far. While Bitcoin may garner more of the headlines thanks to its constant ups and downs, stablecoins have emerged as the chief workhorse of the decentralized finance ecosystem, helping to shift more than $275 trillion worth of…
The Bank of Japan is preparing to raise interest rates at its December policy meeting, a shift that would lift the country’s benchmark rate to its highest level since 1995 and potentially reverberate through global risk markets, including crypto. People familiar with the matter told Bloomberg that policymakers are leaning toward a 25-basis-point hike to…
Crypto asset management firm CoinShares (CS) said the digital asset treasury (DAT) bubble has largely burst, with some firms that traded at 3x to 10x their market net-asset value (mNAV) in summer 2025 now back to about 1x or below, in a sharp reset for a trade that once priced token treasuries like a growth…
