Investment bank Jefferies said the recent surge in gold prices can’t be explained by traditional drivers alone and points instead to Tether as a major new buyer. Attestation data and on-chain activity show that the stablecoin issuer has accumulated substantial bullion in recent months, tightening supply and helping fuel the sharp rally, the bank said…
Bitcoin’s latest sell-off is being driven by mid-cycle holders rather than long-term whales, according to VanEck’s “Mid-November 2025 Bitcoin ChainCheck” report. The asset management firm said wallets whose coins last moved within the past five years account for most of the recent selling, while the oldest cohorts have remained “remarkably steady” despite weakening sentiment. VanEck…
AVAX One Technology (AVX), an Avalanche-centered digital asset treasury company with hedge fund veteran Anthony Scaramucci heading the advisory board, is the latest to turn to share buybacks to arrest plunging stock prices. The firm said Thursday its board authorized an up to $40 million stock repurchase program, which will be executed at the company’s…
Continuing with recent patterns, even the most modest of crypto gains were met waves of selling on Thursday, sending bitcoin BTC$92,123.27 back to $88,000 after a rally above $93,000 just hours earlier. The move higher had begun on Wednesday evening in the U.S. after Nvidia (NVDA) calmed jittery markets with an earnings beat and rosy…
The September jobs report typically would have been published in the first week of October, but was delayed till now due to the government shutdown. Source link
Al Warda Investments, an investment vehicle overseen by the Abu Dhabi Investment Council (ADIC), more than tripled its holdings of BlackRock’s iShares Bitcoin Trust ETF (IBIT) in the third quarter as bitcoin BTC$91,605.17 headed toward October’s record high. The 230% increase took its investment to just under 8 million shares valued at $517.6 million, the…
U.S. President Donald Trump’s nominee to run the Commodity Futures Trading Commission, Mike Selig, told senators in his Wednesday confirmation hearing that he’ll champion the president’s intention to set a U.S. path for crypto regulation. The Senate Agriculture Committee, which oversees the CFTC that will be a leading U.S. regulator for crypto, weighed Selig’s nomination,…
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. Bitcoin is slipping into a weaker market structure as the steady…
Decentralized finance (DeFi) giant Spark has shelved its plans to launch a mobile app, for now. “We had an internal discussion and we’re going to put it on pause for now just because we view our edge as largely in the DeFi-native crypto space,” Sam MacPherson, CEO of Phoenix Labs, told CoinDesk in an interview…
Browser maker Opera’s MiniPay, a stablecoin wallet built on the Celo blockchain, has rolled out a new feature allowing users to spend stablecoins directly at shops and services in Argentina and Brazil through a feature dubbed “Pay like a local.” The update, announced during the Ethereum Devconnect conference in Buenos Aires, connects dollar-denominated USDT balances…