In today’s newsletter, Dumpling Bullish, independent digital asset commentator, writes about the growing influence of bitcoin’s derivatives stack on its price. Then, in Ask an Expert, Leo Mindyuk from ML Tech, answers questions about the evolution of bitcoin investment products. – Sarah Morton Bitcoin price discovery: no longer just a demand story For most of…
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 2029.25, down 1.6% (-33.09) since yesterday’s close. Two of 20 assets are trading higher. Leaders: APT (+0.4%) and BCH (+0.4%). Laggards: NEAR (-3.3%) and HBAR (-2.9%). The CoinDesk 20…
Bitcoin’s BTC$69,557.64 biggest limitation just got shattered. A new protocol went live Thursday, making it simple to put the largest cryptocurrency directly to work in powerful, yield-generating strategies within the booming world of decentralized finance (DeFi). OpNet, a new smart-contract protocol, was activated on the Bitcoin blockchain, marking the arrival of DeFi-powering smart contracts that…
By Omkar Godbole (All times ET unless indicated otherwise) The big news of the past 24 hours is that the Fed, the world’s most powerful central bank, is unlikely to provide a meaningful bullish catalyst in the near term, and markets are reacting negatively. As sentiment weakens, capital is flowing not just out of altcoins…
S&P Dow Jones Indices announced Wednesday that it is bringing the S&P 500 to the blockchain via the Hyperliquid platform, making it easier for investors to trade the most widely tracked equity index 24 hours a day. The company said it licensed its flagship stock index to Trade[XYZ], which is launching the first officially approved…
Crypto exchange Kraken, which announced four months ago that it planned to go public, has put its plan on hold, according to two people with knowledge of the matter. The company is still considering an initial public offering, but probably not until market conditions improve, said the people, who spoke on condition of anonymity because…
Bitcoin’s BTC$70,565.84 biggest early holders, often called original gangsters, are hitting the sell button after the Federal Reserve rattled expectations for lower borrowing costs. Blockchain data tracked by Lookonchain shows at least two long-term holders together dumped over 1,650 BTC worth more than $117.87 million early Thursday. One veteran whale who previously sold an 11,000‑BTC…
Flow Traders, one of the world’s top market makers in exchange-traded products, said Tuesday it is bringing its decades of TradFi expertise to tokenized assets with the launch of 24/7 over-the-counter (OTC) liquidity. The move arms institutional clients with a new tool, allowing them to manage risk and keep capital flowing via blockchain versions of…
American Bitcoin (ABTC), a mining and treasury firm tied to the Trump family, now holds more bitcoin BTC$70,814.60 than Mike Novogratz’s Galaxy Digital (GLXY). The company owns 6,899 BTC, worth about $491 million, edging past Galaxy’s 6,894 BTC to become the 16th largest public holder of the asset, according to data from BitcoinTreasuries.net. The shift…
Changpeng “CZ” Zhao embraced a chance to distance himself from recent accusations against Binance that it has been involved in handling transactions that potentially enabled terrorism financing in Iran. “I have zero interest in doing that,” said the founder and former chief executive of the exchange, who agreed to leave his company under a criminal…
