Tether’s new stablecoin, USAT, could pose the first serious challenge to Circle’s (CRCL) USDC in the U.S. market, analysts say — if it can win over institutions. Launched in partnership with federally chartered bank Anchorage Digital and Cantor Fitzgerald, USAT is Tether’s first attempt at a U.S.-regulated dollar token aimed at institutional users. Tether’s flagship…
The digital asset market is facing a critical fork in the road, according to crypto asset management firm Bitwise. In a Monday blog post, the investment manager warned that the stalling of the Clarity Act in Congress could shift the market from a speculative bull run into a grueling “show me” phase. The Senate Agriculture…
The native token of the BNB Chain, BNB, extended its recent advance, climbing more than 5% to $893 as it nears the $900 resistance level. The rally comes amid the debut of a physically backed BNB exchange-traded product (ETP) by crypto asset manager Virtune on Nasdaq Stockholm. The new product offers direct exposure to BNB…
Even as the U.K.’s crypto regulations work their way through the system, most of the country’s banks are still blocking their customers’ access to even registered crypto exchanges. The Financial Conduct Authority’s list of crypto asset companies, which certifies they meet the country’s anti-money laundering and terrorism financing regulations, now numbers 59, including exchanges like…
AVAX One, the digital asset treasury firm advised by SkyBridge Capital founder Anthony Scaramucci, saw its shares tumble more than 32% after it registered nearly 74 million shares held by insiders as available for sale. The company, which holds AVAX tokens and related Avalanche ecosystem assets, made the disclosure late on Tuesday. While the filing…
HYPE, the native token of crypto derivatives exchange Hyperliquid, surged 24% over the past 24 hours as traders ramped up bets on silver, gold and other commodities. Silver futures, in particular, have exploded in popularity on the platform. During U.S. morning hours Monday, silver traded around $111 and logged over $1.25 billion in 24-hour volume…
Cryptocurrency money laundering has expanded dramatically over the past five years, with Chinese-language networks emerging as a central pillar of the global underground economy, according to new research from blockchain analytics firm Chainalysis. The report estimates that more than $82 billion flowed through on-chain laundering channels in 2025, up from roughly $10 billion in 2020….
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market feels extra slippery after bitcoin BTC$87,943.89 fell 7% last week, its biggest loss in two months. Yet hope glimmers in bullish derivative bets, now at bargain prices. The drop pushed prices below the steady uphill path, a “bullish trendline” as technical analysts call…
The crypto market extended its narrow trading range into Tuesday, restricted by a low volume and a low-liquidity environment. Daily trading volume for bitcoin BTC$87,798.45 fell by 25% to $35 billion over the past 24 hours and ether ETH$2,904.78 volume shrank 21% to $24.6 billion. A decline in volatility can be attributed to general crypto…
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 2688.53, down 1.8% (-47.97) since 4 p.m. ET on Friday. Two of 20 assets are trading higher. Leaders: LTC (+1.3%) and APT (+0.3%). Laggards: POL (-4.0%) and ICP (-3.9%)….
