OKX does not plan to rush into public markets in the U.S., even as the crypto exchange pushes deeper into global expansion and tokenized finance. “We will go public when we have confidence that we can give back shareholder value,” said Haider Rafique, the firm’s general manager and chief marketing officer, during a conversation at…
Bitcoin BTC$68,416.23 slipped below $69,000 on Thursday as a broader pullback in risk assets gathered pace, with early optimism around Iran-U.S. peace and easing Middle East tensions fading. The largest crypto lost more than 3% from its overnight high above $71,000, while major altcoins ether (ETH), XRP (XRP), Solana’s SOL (SOL) and Cardano’s ADA (ADA)…
Wall Street firms may embrace blockchain technology, just not in its current form. The open, distributed ledger visible to all comers runs counter to the way traditional finance works, said Don Wilson, the founder and CEO of DRW, a TradFi trading firm that’s been active in crypto for over a decade. “There is no world…
Bitcoin BTC$68,968.87 is proving more resilient than traditional safe-haven assets as gold and silver come under pressure from outflows, positioning unwinds and deteriorating liquidity, according to Wall Street investment bank JPMorgan. “The deterioration in liquidity conditions in gold has seen its market breadthdecline below that of bitcoin currently,” analysts led by Nikolaos Panigirtzoglou, wrote in…
In today’s newsletter, Claudia Marcela Hernández analyzes how stablecoins have evolved past volatility-fixers to become the foundational settlement asset for global tokenized markets and cross-border payments, following the clarity provided by the GENIUS Act. Then, in Ask an Expert, Morva Rohani breaks down how stablecoin regulation serves as a foundation for tokenized capital markets, why…
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 1985.11, down 3.2% (-65.39) since 4 p.m. ET on Wednesday. None of the 20 assets are trading higher. Leaders: CRO (-2.2%) and BTC (-2.2%). Laggards: AAVE (-5.6%) and ADA…
MARA Holdings (MARA) sold 15,133 bitcoin for approximately $1.1 billion between March 4 and March 25 to fund a major balance sheet overhaul. The company is using the proceeds to repurchase roughly $1.0 billion of its 0.00% convertible senior notes due 2030 and 2031 at a discount. In total, MARA will buy back $367.5 million…
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s BTC$69,360.38 been trading in a tight range lately, with volatility indices surprisingly calm despite the Iran war, oil shocks and Fed rate-hike expectations hanging over the market. Bulls are calling it resilience. But if you zoom out and look at other markets, maybe it is…
Traders watching bitcoin’s BTC$69,619.02 nearly 50-day choppy price action through a bearish lens may be getting it wrong. Since hitting lows close to $60,000 on Feb. 6, bitcoin has traded largely between $65,000 and $75,000, a period defined less by direction and more by exhaustion. This phase reflects a dynamic where investors are tested not…
Circle (CRCL) was hit far harder than Coinbase (COIN) in Tuesday’s sharp selloff due to the crypto bill CLARITY Act’s latest stance on stablecoin yield, but one analyst says the regulatory shift may ultimately favor the stablecoin issuer. Both names are seeing modest bounces on Wednesday, but remain solidly lower since the news leaked Monday…
