XRP staged a sharp rebound on Friday, rising about 18% over 24 hours to trade near $1.49 after a deep selloff a day earlier made it the worst performer among major tokens. The move came as bitcoin briefly rose over $70,000 in U.S. morning hours, reversing Thursday’s sharp declines ahead of the weekend. The bounce…
Latest developments: In an interview with CoinDesk Live from the Ondo Summit, Ondo President Ian de Bode says 2025 marked a breakout year for its core businesses. The firm is now a leading issuer in tokenized U.S. Treasuries, with more than $2 billion in total value locked, according to president Ian De Bode. Its Global…
Shares of Galaxy Digital (GLXY) jumped 18% to $19.90 on Friday after the company approved a share repurchase program of up to $200 million, giving it authority to buy back its Class A common stock over the next 12 months. The buybacks may be executed through the open market, privately negotiated transactions or other methods,…
Bitcoin’s 50% plunge from its October peak has done more than just erase $2 trillion in market value — it has reignited a fierce debate over the fiduciary math of the American retirement system. As investors scramble to parse the drivers of the latest crash, industry observers are asking if volatile digital assets have any…
Russia’s largest bank, Sberbank, is moving toward offering loans secured by cryptocurrency and said Friday it is prepared to coordinate with the country’s central bank on shaping the necessary regulatory framework, according to Reuters. The lender has already tested the model in January. The bank issued the country’s first bitcoin-backed loan to one of its…
Bitcoin’s BTC$68,159.47 Feb. 5 collapse will go down as one of the most historic selloffs on record. Below are the key statistics that help define the event and indicate how much further there may be to fall. The bitcoin price started the day near $73,000 and fell to a low around $62,000, a drop —…
Wall Street bank Citigroup is dialing back expectations for Coinbase (COIN) amid a risk-off mood gripping markets. In a Friday note to clients, the bank’s analysts lowered their price target on the crypto exchange to $400 from $505, citing weaker trading volumes, softer institutional activity and ongoing uncertainty around the timing of U.S. crypto legislation….
By Omkar Godbole (All times ET unless indicated otherwise) Friday’s crypto markets are a sea of green, bouncing from yesterday’s brutal drubbing in a classic oversold rebound. But real risks linger, threatening any lasting recovery. Bitcoin has climbed back to $65,000 after flirting with $60,000, with BlackRock ETF action hinting at capitulation, that is, long-term…
Jefferies says the latest crypto selloff shows few signs of an imminent bottom, even as bitcoin and ether hover near levels that have historically drawn dip buyers. In a research note this week, the bank described the downturn as a liquidity-driven correction rather than a collapse in blockchain activity, pointing instead to continued network usage…
Talk about frenzied trading. On Thursday, BlackRock’s spot Bitcoin exchange-traded fund, tickered as IBIT, hit a wild record with over 284 million shares traded, per Nasdaq data. That’s a whopping $10 billion-plus in notional value. To put it in perspective, that smashed the old record of 169.21 million shares from Nov. 21 by a massive…
