By Omkar Godbole (All times ET unless indicated otherwise) Bearish macro headlines dominate crypto market sentiment, as they have done for most of the month, but concrete updates advancing mainstream blockchain adoption still have the ability to resonate with investors. That’s evident from the 7% gain in Canton Network’s CC token over the past 24…
Crypto stocks are getting hit hard Friday as weakness in U.S. equities rippled through high-risk assets, driving bitcoin BTC$65,766.32 below $66,000. Crypto exchange Coinbase (COIN) and digital asset conglomerate Galaxy (GLXY) dropped nearly 7%, while exchange Gemini (GEMI) slid almost 9%, marking one of the steepest losses in the group. Crypto-friendly broker Robinhood (HOOD) also…
When one of the world’s largest card networks pays a significant premium over a company’s last valuation to acquire it, that is worth paying attention to. When the company in question builds stablecoin settlement infrastructure, it tells you something fundamental about where the payments industry believes it needs to be – and how urgently it…
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), said it added another $600 million to its investment in prediction market platform Polymarket, closing out a previously announced funding agreement between the two firms. The new capital comes on top of a $1 billion investment ICE made in October. ICE also…
Anthropic, the artificial intelligence company behind Claude, has begun testing a new AI model more capable than any it has released previously, Fortune reported. The company said the model represents “a step change” in performance and is “the most capable we’ve built to date.” It is currently being tested with a small group of early…
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 1912.59, down 2.4% (-47.98) since 4 p.m. ET on Thursday. One of 20 assets is trading higher. Leaders: BCH (+0.8%) and CRO (-0.7%). Laggards: APT (-4.6%) and AAVE (-3.2%)….
Glassnode’s Accumulation Trend Score by cohort is signaling broad-based selling led by retail participants as bitcoin falls below $67,000. The 30-day Accumulation Trend Score, broken down by wallet cohorts, measures the relative behavior of entities accumulating or distributing coins on-chain. It combines both the size of each cohort’s holdings and their net balance change over…
Anchorage Digital, the first crypto firm to get a U.S. banking charter, said it will add support for the Tron blockchain, starting with institutional custody for TRX, the network’s native token. The announcement gives institutions a regulated way to hold TRX through the company’s platform and its self-custody wallet, Porto. Anchorage Digital said support for…
Bitcoin fell another 2% in 24 hours, dropping below $68,000 for the first time in four days. The decline sparked more than $50 million in long liquidations in the past hour, according to Coinglass, of which roughly 70% came from bitcoin positions alone. The decline sent shares of crypto-related companies such as Circle Internet (CRCL),…
Institutional demand for bitcoin appears to be cooling after a strong start to the month. On Thursday, investors withdrew a combined $171.12 million from the 11 U.S.-listed spot bitcoin exchange-traded funds, marking the largest single-day outflow in just over three weeks, according to data from SoSoValue. BlackRock’s IBIT saw $41.92 million in outflows, while funds…
