Ripple’s token breaks critical $2.07 floor amid volume surge, signaling deeper correction ahead. News Background XRP continues to face conflicting forces as short-term technical weakness clashes with strengthening institutional adoption. Spot XRP ETFs have now attracted nearly $850 million in inflows since launching in mid-November — one of the strongest altcoin ETF starts on record…
Kraken, the cryptocurrency exchange preparing to go public in the U.S. early next year, has unveiled an invitation-only VIP program tailored to ultra high net worth individuals, sophisticated traders and strategic capital allocators, the company said. Crypto exchanges are looking to fill the gap when it comes to providing high-touch services to wealthy individuals, family…
Bitcoin hovered around $92,000 on Friday after another failed attempt to break above $93,000 overnight, extending the choppy, directionless structure that has defined the past several sessions. The move reinforces the same pattern that has held since late November of sellers defending the mid-$93,000s, buyers stepping in near $91,000, and neither side gaining enough momentum…
Meme coin breaks key technical level as institutional-sized trades dominate Wednesday session amid ETF filing buzz. News Background Dogecoin’s decline came despite an uptick in network activity and renewed ETF speculation. Both 21Shares and Grayscale advanced filings for spot DOGE ETFs, adding to expectations that meme coins could see broader institutional availability in coming months….
The Fed’s preferred inflation gauge, core PCE, likely rose in September—moving in the wrong direction. Yet volatility indices show no signs of major turbulence. The core PCE likely rose 2.9% year-on-year in September, heading in the wrong direction from the Fed’s goal of a 2% annual rate, according to FactSet. If the actual figure matches…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Hashed says the crypto market is finally shifting from storytelling to structure…
A group of former executives of Signature Bank, the crypto-friendly bank shuttered in 2023 March, announced on Thursday the launch of a new blockchain-powered, full-reserve bank aiming to offer programmable U.S. dollar payments. Dubbed N3XT, the bank operates under a Wyoming Special Purpose Depository Institution (SPDI) charter, settles payments instantly using a private blockchain system…
Bitcoin BTC$93,325.36 is once again behaving differently from the traditional risk asset complex, and the latest divergence may be sending an important signal.Negative correlation between bitcoin and the Nasdaq 100 has often aligned with market bottoms for bitcoin, and the current setup looks similar to several past turning points. This is now the fourth time…
Deutsche Börse Group (DBG) and Kraken announced on Thursday that they are combining forces, signaling a clear acceleration of institutional cryptocurrency adoption in the Eurozone. “This partnership is the clearest signal yet that institutional adoption is accelerating, and that Europe intends to compete on equal footing with Wall Street as this transformation moves from millions…
Digital Asset, the blockchain firm behind the Canton Network (CC), said Thursday that it has secured strategic investments from four major traditional financial players, as Wall Street’s crypto embrace continues. The investors in this round were BNY, a financial services firm overseeing $57 trillion in client assets, exchange operator Nasdaq, financial intelligence firm S&P Global…
