After a strong start to the week, Bitcoin (BTC) is down nearly 5%, alongside the S&P 500, DOW, Nasdaq, and Gold. Crude oil, on the other hand, has risen 7.30% and is up 53% since the US and Israel–Iran war began on Feb. 28. The collective market weakness highlights a coordinated shift in capital flows…
A Satoshi-era Bitcoin whale has reawakened after nearly 14 years of dormancy, making a test transaction from its 2,100 Bitcoin stash worth nearly $148 million at current market prices. Data from mempool.space shows around $47 worth of Bitcoin (BTC) was transferred from wallet address “1NB3Z…QB6ZX” to a fresh address on Friday at 10:27am UTC. The…
Gold tumbled another 3.5% to $4,488 per ounce on Friday, marking an 11% fall for the week and the largest weekly loss the precious metal has seen since 1983 as geopolitical instability and uncertainty in the Middle East continue to weigh on the markets. Gold has fallen more than 15% since Feb. 28, when the…
Crypto markets were little changed Friday, with the CoinDesk 20 Index (CD20) virtually unchanged. Bitcoin BTC$70,614.56 has gained just 0.8% since midnight UTC and ether (ETH) added less than 0.1%. Crude oil prices dropped below $100 on Thursday and were recently trading at $96 per barrel as the U.S. was said to be assessing whether…
Oil volatility triggered by the Iran conflict is pushing traders onto decentralized exchanges (DEXs) like Hyperliquid, where markets never close, Wall Street investment bank JPMorgan said in a Wednesday report. The bank flagged a surge in activity from non-crypto investors using perpetual futures, derivatives with no expiry, to gain round-the-clock oil exposure. Unlike traditional venues,…
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 2039.71, up 0.2% (+4.1) since 4 p.m. ET on Thursday. Fourteen of 20 assets are trading higher. Leaders: APT (+6.3%) and BCH (+2.5%). Laggards: AAVE (-1.0%) and NEAR (-0.6%)….
Kalshi Inc. raised more than $1 billion in a funding round led by Coatue Management, Bloomberg reported Thursday, citing people familiar with the matter. The round valued the prediction market platform at $22 billion, Bloomberg said, double the valuation of the previous round in December, when it also raised $1 billion. That funding round was…
The two U.S. senators negotiating a controversial provision in the crypto industry’s market structure bill — Republican Thom Tillis and Democrat Angela Alsobrooks — have reportedly agreed on a compromise that could advance the industry’s top priority to the next stage in the Senate. The two were reported by Politico to have agreed in principle…
A political action committee with ties to major tech and crypto donors is raising the specter of disgraced ex-FTX CEO Sam Bankman-Fried to target New York congressional candidate Alex Bores as the state legislator faces a crowded Democratic field. A sharply worded mailer distributed by Think Big PAC told voters that the Democratic primary candidate…
Kalshi is now under a two-week restraining order barring bets in Nevada while a legal debate proceeds over the longer-term status of prediction markets there. The First Judicial District Court of Nevada issued a 14-day order on Friday, directing the platform to cease offering event contracts in that state. A federal appeals court cleared the…
