Meme coin breaks key technical level as institutional-sized trades dominate Wednesday session amid ETF filing buzz. News Background Dogecoin’s decline came despite an uptick in network activity and renewed ETF speculation. Both 21Shares and Grayscale advanced filings for spot DOGE ETFs, adding to expectations that meme coins could see broader institutional availability in coming months….
The Fed’s preferred inflation gauge, core PCE, likely rose in September—moving in the wrong direction. Yet volatility indices show no signs of major turbulence. The core PCE likely rose 2.9% year-on-year in September, heading in the wrong direction from the Fed’s goal of a 2% annual rate, according to FactSet. If the actual figure matches…
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. Hashed says the crypto market is finally shifting from storytelling to structure…
A group of former executives of Signature Bank, the crypto-friendly bank shuttered in 2023 March, announced on Thursday the launch of a new blockchain-powered, full-reserve bank aiming to offer programmable U.S. dollar payments. Dubbed N3XT, the bank operates under a Wyoming Special Purpose Depository Institution (SPDI) charter, settles payments instantly using a private blockchain system…
Bitcoin BTC$93,325.36 is once again behaving differently from the traditional risk asset complex, and the latest divergence may be sending an important signal.Negative correlation between bitcoin and the Nasdaq 100 has often aligned with market bottoms for bitcoin, and the current setup looks similar to several past turning points. This is now the fourth time…
Deutsche Börse Group (DBG) and Kraken announced on Thursday that they are combining forces, signaling a clear acceleration of institutional cryptocurrency adoption in the Eurozone. “This partnership is the clearest signal yet that institutional adoption is accelerating, and that Europe intends to compete on equal footing with Wall Street as this transformation moves from millions…
Digital Asset, the blockchain firm behind the Canton Network (CC), said Thursday that it has secured strategic investments from four major traditional financial players, as Wall Street’s crypto embrace continues. The investors in this round were BNY, a financial services firm overseeing $57 trillion in client assets, exchange operator Nasdaq, financial intelligence firm S&P Global…
Bitcoin BTC$92,190.78 reversed its overnight climb to $94,000, dipping back to $92,000 during U.S. hours Thursday, continuing choppy rangebound action after the wild moves first lower, than higher earlier int he week. Ethereum’s ether ETH$3,126.92 held up relatively well, down only 0.7% on the day and changing hands above $3,100 in the afternoon hours. Among…
A new bridge connecting Base, the layer 2 incubated by Coinbase, and the Solana blockchain is now live on mainnet, giving users and developers a way to move assets directly between the two ecosystems. Secured by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Coinbase, the Base-Solana bridge enables trading and usage of Solana-based tokens, including SOL…
A cryptocurrency investor has made a donation of 9 million pounds ($12 million) to U.K. political party Reform, according to a filing by the Electoral Commission on Thursday. The donation by Christopher Harborne, a Thailand-based entrepreneur who has invested in stablecoin issuer Tether and crypto exchange Bitfinex, according to a Financial Times report, has been…
