Investing in crypto assets like ether, the native token of the Ethereum network, once followed a simple path: traders bought coins on platforms like Coinbase or Robinhood, or stored them in self-custody wallets such as MetaMask, and held them directly. Then came staking, or pledging a certain amount of cryptocurrencies to a network to validate…
The Federal Reserve is set to announce its rate decision, and almost no one expects it to cut rates. However, traders will be paying very close attention to Chairman Jerome Powell’s post-meeting press conference, which could hold the real intrigue. His take on what to expect in the coming months and on recent hot topics,…
Strive (ASST), a bitcoin treasury and asset management company, is using perpetual preferred equity to retire convertible debt and restructure its balance sheet, a method that could offer a template for Strategy (MSTR) in the future. On Thursday, the company priced a follow-on offering of its Variable Rate Series A Perpetual Preferred Stock SATA, at…
Bitcoin slipped below the $88,000 level on Sunday as crypto markets weakened in thin weekend trading, extending a pullback that has weighed on the crypto market over the past week. BTC traded around $87,800 in U.S. afternoon hours, down roughly 2% over 24 hours, according to CoinDesk data. Ether fell toward $2,880, while solana, XRP…
Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal. Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. After years of experimentation as the wider crypto…
XRP sank nearly 4% as bitcoin dropped under the $88,000 mark on Sunday, ahead of a busy week with the Federal Reserve’s two-day FOMC meeting starting on Wednesday and major technology players announcing earnings. News background The consolidation came as spot XRP ETFs recorded their first meaningful weekly outflows since launch, totaling roughly $40.6 million,…
There is a buying frenzy in the gold market that has propelled the price of the precious metal by more than 80% over the last 12 months, making it one of the best-performing assets. However, investors aren’t paying attention to a hidden threat that is forming beneath the surface, according to Björn Schmidtke, CEO of…
Let’s say an investor has a house in Switzerland and a beach house in Miami. They’re worth, perhaps, $10 million. But what they are really looking for right now is a line of credit for some time on the slopes at St. Moritz, a trip to the Cannes film festival and a few upgrades to…
Sui Group Holdings (SUIG), the only Nasdaq-listed company with an official relationship with the Sui Foundation, is positioning itself to become the most economically important player in the blockchain’s ecosystem, according to Steven Mackintosh, the company’s chief investment officer. Formerly known as Mill City Ventures, the U.S.-based specialty finance firm rebranded to Sui Group Holdings…
If U.S. laws finally define how federal regulators can touch digital assets, cryptocurrencies will be easier to manage, keep track of and transact in, and more investors will probably get involved, potentially increasing the worth of each token. But a lot has to happen before that’s true, and the work to get laws through Congress…
