BlackRock’s tokenized U.S. Treasury fund (BUIDL), issued by Securitize, will now be accepted as collateral for institutional trading on Binance, the world’s largest crypto exchange by volume, the firms said in a Friday press release. Using BUIDL as off-exchange collateral means traders can post the token with a custody partner, rather than directly on the…
Brutal selloff breaks psychological $2.30 floor, erasing recent gains as distribution overwhelms historic XRPC debut. News Background XRP’s worst intraday decline in weeks coincided with a major industry milestone: the launch of the first U.S. spot XRP ETF, Canary Capital’s XRPC, now officially effective on Nasdaq as of 5:30 PM ET. The listing marks a…
Bitcoin BTC$95,137.82 saw no bounce Friday, holding at session lows below $95,000 late in the U.S. day after a bruising week that dragged prices to their lowest since May. The largest cryptocurrency is again underperforming U.S. stocks, with major U.S. indices holding onto minor gains a few minutes prior to the end of trading. BTC…
The U.S. Department of Justice rounded up several convictions in its pursuit of domestic helpers in schemes by the Democratic People’s Republic of Korea to pocket large amounts of cryptocurrency, and it also seized assets from cyber heists targeting crypto platforms, the department said in a Friday statement. The five guilty pleas announced by the…
By Francisco Rodrigues (All times ET unless indicated otherwise) The Czech National Bank became the world’s first central bank to buy bitcoin BTC$97,014.68, and a spot XRP exchange-traded fund (ETF) debuted in the US with an impressive trading volume. Yet what’s dominating headlines is bitcoin’s fall below $100,000 and the crypto market crash. The CoinDesk…
The crypto market is facing one of its sternest tests yet, with the bitcoin BTC$96,737.97 price breaking below the crucial $98,000 level of support following a wave of sell pressure in a low-liquidity environment. The sell-off prompted more than $1.1 billion in liquidations, about half of which occurred on bitcoin trading pairs, according to CoinGlass….
Tether’s dominance in the cryptocurrency market has risen sharply, reaching its highest level since April, underscoring the risk aversion in the broader crypto market. Tether is the world’s largest dollar-pegged stablecoin, trading at a market capitalization of $184 billion at press time. While the stablecoin is widely used to fund crypto purchases and for lending…
Major cryptocurrencies are facing persistent pressure this month, even as gold and silver rally. These diverging trends reflect risks unique to digital assets, as mounting concerns over government stability propel precious metals higher, highlighting a strengthening investor confidence in traditional safe havens. This month, bitcoin BTC$99,338.66, the largest cryptocurrency by market value, has slipped over…
Nearly a quarter of adults with internet access might own cryptocurrency in the Asia Pacific region, a report, produced jointly by Protocol Theory and CoinDesk, said Friday. The report, based on a survey of 4,020 people in 10 different countries and extrapolated to the broader APAC region, further suggested that crypto adoption is spurred by…
Social sentiment around the majors has deteriorated sharply in recent days, according to Santiment, with traders turning noticeably defensive as prices continue to grind lower. That kind of fatigue typically appears near inflection points — not at the start of new downtrends — and the data is beginning to reflect it. “Bitcoin has dumped below…
