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Markets
Jan. 27, 2023

Crypto Markets Today: Bitcoin Holds Steady Above $23K, White House Urges Congress to 'Step Up' Crypto Regulation

Latest Prices CoinDesk Market Index (CMI) 1,092.39 +6.2 ▲ 0.6% Bitcoin (BTC) ...
Markets
Jan. 27, 2023

Bitcoin Holds Steady Above $23K as Traders Eye Fed’s Next Meeting

Bitcoin ( BTC ) held above $23,000 on Friday as traders awaited next week’s Federal Open Market Committee decision on interest rates and any hints policymakers may drop about when their hiking campaign might end. The largest cryptocurrency by ma...
Markets
Jan. 27, 2023

Decentralized Exchange Vela’s DXP Token Surges Ahead of Beta Release on Arbitrum

Arbitrum -based decentralized trading platform (DEX) Vela Exchange’s DXP utility token has mounted a powerful rally as the project prepares to release its much-anticipated beta version next week. DXP’s price gained some 50% in the past 24 hours...
Markets
Jan. 27, 2023

First Mover Americas: Layer 2 Tokens Take Lead

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 27, 2023

Polygon Derivatives DEX Gains Network Crosses $1.5B in Trading Volume on Arbitrum

Decentralized exchange (DEX) Gains Network has recorded over $1.5 billion in trading volume on the Arbitrum blockchain nearly a month after being deployed. Gains Network was initially released on Polygon and has contributed to the recent rising...
Markets
Jan. 27, 2023

Floki Inu Developers Float DAO Proposal to Burn $55M of Its Own Tokens

Developers behind Floki Inu, the Shiba Inu dog breed-themed project, have floated a governance proposal to burn nearly $55 million of its namesake FLOKI tokens and reduce a tax levied on each transaction. Burning tokens is a way of reducing su...
Markets
Jan. 27, 2023

Bitcoin on Track for Best January Since 2013, Led by Bullish Trading in US Hours

Bitcoin (BTC) is having its best start to the year since 2013. The price of the largest cryptocurrency by market capitalization has jumped 40% this month amid weakness in the U.S. dollar. The rally has been powered predominantly by stateside buye...
Markets
Jan. 27, 2023

First Mover Asia: Cryptos Shrug Off Latest US Productivity, Jobs Data; Bitcoin Hovers at $22.9K

Good morning. Here’s what’s happening: Prices: GDP cooled. Jobless claims sank, underlining the current tight job market and an economy that was still rising. But bitcoin and other cryptos were largely unimpressed by the latest data. Insig...
Markets
Jan. 26, 2023

Ethereum Scaling Tool Polygon's MATIC Token Surges Amid Spike in Transactions

Ethereum scaling tool Polygon’sMATIC token has surged 12% over the past 24 hours, continuing its strong momentum this year. MATIC was recently trading at $1.11. It is up 48% since Dec. 31 amid a spike in daily transactions that have made the b...
Markets
Jan. 26, 2023

Crypto Markets Today: Bitcoin Clings to $23K, FTX’s Creditor List Revealed

Top Story It's the list everyone has been waiting for, minus 9.7 million redacted customer names. But the 116-page FTX creditor list, which names companies including Netflix (NFLX) and Apple (AAPL), still paints a comprehensive picture of th...
Markets
Jan. 26, 2023

Optimism’s OP Token Hits All-Time High as Layer 2 Adoption Interests Grow

Layer 2 network Optimism’s OP token surged to its all-time high of over $2.50 on Wednesday amid rising adoption of layer 2 networks. OP , which ​​ launched via a community airdrop on May 31, 2022, was more recently trading at about $2.22, down...
Markets
Jan. 26, 2023

DeFi Protocol Aave Clears Bad CRV Token Debt from Exploit Attempt

Decentralized finance (DeFi) protocol Aave eliminated the bad debt of 2.7 million of curve dao tokens ( CRV ) from a botched November trade by Mango Markets exploiter Avi Eisenberg, blockchain data on Etherscan shows. The move came after Aave’...
Markets
Jan. 26, 2023

Crypto Thaw May Be Premature but Advisors Should Prepare for Winter’s End

The days are slowly getting longer, the birds are singing outside my window and the price of bitcoin hit $23,000 for the first time in months. Could it portend the end of the crypto winter? As someone who has spent many years of my life living...
Markets
Jan. 26, 2023

Crypto Exchange BIT Expands Product Suit With Toncoin Options

Cryptocurrency derivatives exchange BIT on Thursday introduced options tied to toncoin (TON), the native token of the decentralized layer 1 blockchain The Open Network, formerly known as Telegram Open Network. The options are live on the platfor...
Markets
Jan. 26, 2023

First Mover Americas: Aptos’ Token Surges to Record High

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 26, 2023

First Mover Asia: Bitcoin Tops $23.7K in Wednesday Comeback

Good morning. Here’s what’s happening: Prices: Bitcoin regains lost ground to trade over $23K again. Insights: Laguna Labs CEO Stefan Rust wrote in a CoinDesk Q&A that the Genesis Chapter 11 filing prompted a sigh of relief among many...
Markets
Jan. 25, 2023

Binance USD Stablecoin Sees $2B Reduction in a Month Amid Token Mismanagement

Crypto exchange giant Binance’s BUSD stablecoin has extended its recent declines, amid mismanagement issues involving the exchange’s pegged tokens that surfaced earlier this month, and other debacles. BUSD’s circulating supply fell to $15.4 bill...
Markets
Jan. 25, 2023

Crypto Markets Today: Layer 1 Blockchain Token Aptos Reaches Record High

Top Story Layer 1 blockchain Aptos’ token, which has been surging since the start of the year, broke an all-time high on Wednesday. This article originally appeared in Crypto Markets Today , CoinDesk’s daily newsletter diving into what ...
Markets
Jan. 25, 2023

Layer 1 Blockchain Aptos Token Reaches All-Time High

Layer 1 blockchain Aptos’ token, which has been surging since the start of the year, broke an all-time high on Wednesday. The token, APT, reached $16.46 and is up 350% since Jan. 1, according to CoinDesk data. APT was more recently changing hand...
Markets
Jan. 25, 2023

Bank of Canada Signals Pause to Rate Hike Cycle

The Bank of Canada (BoC) as expected boosted its benchmark overnight rate by 25 basis points to 4.5% on Wednesday morning, but somewhat surprisingly said it's going to at least temporarily pause on any future interest rate increases. "Inflation ...
Markets
Jan. 25, 2023

First Mover Americas: Did Binance Make Honest Error With Customers' Funds?

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 25, 2023

Bitcoin's Upswing Is Reminiscent of 2019 Bull Revival

Bitcoin ( BTC ) could be positioning for a big move higher if history is any guide, with a recent upswing paralleling the bull revival of mid-2019 that saw the price surge by almost 250%. The leading cryptocurrency by market value has jumped nea...
Markets
Jan. 25, 2023

Solana Liquid Staking Tool Marinade Looks to Bolster Its Token Value With Staked SOL Capture

The market leader for Solana-based liquid staking derivatives, Marinade Finance is dangling its governance token MNDE as a carrot to kickstart a crypto economy for its iteration of staked SOL. On Tuesday, Marinade said it will hand out 160 milli...
Markets
Jan. 25, 2023

Maple Finance Plots Comeback With New $100M Liquidity Pool for Tax Receivables With 10% Yield

Blockchain-based credit marketplace Maple Finance unveiled on Wednesday a new liquidity pool of trade receivables, the protocol’s first step in a new strategy to bring traditional financial investments onto the blockchain. The new USDC stablec...
Markets
Jan. 25, 2023

Cardano-Based Overcollateralized Stablecoin Djed to Launch Next Week

Cardano-based decentralized stablecoin Djed is on track for a launch next week, one of the developers behind the token  said Tuesday . The highly-anticipated Djed stablecoin has been jointly developed by Cardano code maintainer IOG and Coti...
Markets
Jan. 25, 2023

Dogecoin and Ether Lead The Crypto Market Pullback as Bulls Take a Breather

The crypto market slid in the past 24 hours as traders likely took profits after weeks of an uptrend. Ether and dogecoin led the slide among major tokens, falling more than 5%, Cardano's ADA and Polygon's MATIC dropped 4%, while bitcoin lost jus...
Markets
Jan. 25, 2023

First Mover Asia: Bitcoin Seesaws Above and Below $23K Again

Good morning. Here’s what’s happening: Prices: Bitcoin rises above $23K for the third time in four days. Other major cryptos are largely in the red. Insights: Despite bitcoin's most recent surge, a number of analysts are wary about its pa...
Markets
Jan. 24, 2023

Crypto Markets Today: Bitcoin Moves Sideways at $23K

Latest Prices Bitcoin ( BTC ): The largest cryptocurrency by market value was recently trading at $23,000, up 0.4% in the past 24 hours. The total volume of bitcoin options on Deribit rose to $4.25 billion last week , the highest point ...
Markets
Jan. 24, 2023

Date Set for Oral Arguments in Grayscale’s Appeal of SEC’s Bitcoin ETF Decision

The District of Columbia Court of Appeals has set a date to begin hearing oral arguments in Grayscale Investment’s appeal of the Securities and Exchange Commission’s (SEC) decision to deny the conversion of its Grayscale Bitcoin Trust (GBTC) into...
Markets
Jan. 24, 2023

First Mover Americas: Bitcoin's on a Tear, Up 30% in 2 Weeks

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 24, 2023

Bitcoin's Weekly Options Trading Volume Rises to Highest Since FTX's Meltdown

The crypto options market is recovering from the recent hangover of FTX's collapse that left several market makers and trading firms reeling. The total volume of bitcoin options on Deribit rose to $4.25 billion last week, the highest since Sam ...
Markets
Jan. 24, 2023

Bitcoin Breakout Has Opened Doors to $25K: Analysts

Bitcoin's (BTC) January price rally has analysts focusing on higher valuations last seen in mid-2022. The top cryptocurrency by market value has risen almost 40% to $23,000 this month, the steepest gain since October 2021, according to CoinDesk...
Markets
Jan. 24, 2023

Bitcoin Jumps to $23K, Looks Bullish as Miner Sales Hit Three-Year Low

Bitcoin (BTC) continues to gain ground as miners scale back sales of mined cryptocurrency. The biggest cryptocurrency by market capitalization rose past $23,000 early Tuesday, amounting to a 30% rally in two weeks, according to CoinDesk data . ...
Markets
Jan. 24, 2023

First Mover Asia: Ether Prices Fall Relative to Bitcoin

Good morning. Here’s what’s happening: Prices: Bitcoin holds steady near $23K for another day; ether remains above $1,600. Insights: The price of ether declines relative to bitcoin. Prices CoinDesk...
Markets
Jan. 24, 2023

Ether Turns Deflationary Again Led by Spike in NFT Sales

Ether has become deflationary – again – as the market attempts to rebound in 2023. Data from ultrasound.money shows ether’s net issuance, or the annualized inflation rate, has dropped to -0.07%, meaning the volume of ether being burnt is outpa...
Markets
Jan. 23, 2023

Crypto Markets Today: Bitcoin Holds Steady Near $23K; Gemini’s Job Cuts Continue

In at least its third round of layoffs since June, crypto exchange Gemini is shedding another 10% of its staff , according to an internal message viewed by The Information . This article originally appeared in Crypto Markets Today , Coin...
Markets
Jan. 23, 2023

Inflows Into Short Bitcoin Products Picked Up Alongside Rally: Coinshares

Crypto funds saw a total of $37 million inflows last week, with well over half going into “short” investment products, or those designed to profit from price declines. According to data from Coinshares , short-bitcoin investment products saw in...
Markets
Jan. 23, 2023

FTT Order Flow Fairly Balanced After 150% Rally, but Liquidity Remains Thin

The market for FTT, the native cryptocurrency of the now-bankrupt FTX exchange, appears to have found an equilibrium after the recent bullish price action. However, the market's ability to absorb large offers at stable prices remains weak, indica...
Markets
Jan. 23, 2023

First Mover Americas: Axie Infinity's Token Is Soaring

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 23, 2023

Bernstein: The Bounce in Cryptocurrencies Is a ‘Mean Reversion’ Rally

Recent crypto market strength is probably driven by a reversion to mean values, Bernstein said in a research report Monday, noting that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell more than 65% last year. Mean revers...
Markets
Jan. 23, 2023

Crypto Gaming Token AXS Surges 40% Ahead of $64 Million Token Unlock

Play-to-earn giant Axie Infinity's AXS cryptocurrency is rallying despite the impending unlocking of millions of dollars worth of tokens. AXS has gained over 40% in the past 24 hours, reaching a four-month high of $13.94, according to CoinDesk ...
Markets
Jan. 23, 2023

Aptos Token Prices Double in Two Weeks Amid Strong NFT Interest

What bear market? Layer 1 blockchain Aptos’ APT tokens is up 250% in just 14 days even as the broader crypto market grapples with bankruptcies, lawsuits and a decline in overall sentiment. The tokens command a market capitalization of over $2.3...
Markets
Jan. 23, 2023

First Mover Asia: Bitcoin Surges Past $23K Before Retreating

Good morning. Here’s what’s happening: Prices: Bitcoin continued its 2023, jumping past $23,000 for the first time since August before retreating to trade at about $22,750. Insights: Microsoft effectively exited the metaverse. Will Apple ...
Markets
Jan. 20, 2023

Crypto Markets Today: Bitcoin Surges Above $22K, Genesis Has Over $5B in Liabilities

Crypto lending firm Genesis held $5.1 billion in liabilities in the weeks following its freeze on withdrawals in November, according to bankruptcy court documents signed by interim CEO Derar Islim. This article originally appeared in Crypt...
Markets
Jan. 20, 2023

Binance Garnered Largest Market Share of Crypto Investors From Emerging Markets in 2022

Countries riddled with inflation are always seeking alternative means to safeguard their money from devaluing currencies. Crypto exchange Binance capitalized on this trend last year, largely because of its easy accessibility for retail investors ...
Markets
Jan. 20, 2023

Bitcoin Soars Over $22K to Reach Four-Month High

Bitcoin soared past $22,000, its highest level since mid-September, as the broader cryptocurrency market continued its unexpected 2023 rally. The largest cryptocurrency by market capitalization was recently trading as high as $22,387, up 5.4% ov...
Markets
Jan. 20, 2023

Crypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock

Perpetuals-focused decentralized exchange dYdx is set to unlock 150 million or about $200 million worth of its native token DYDX on on Feb. 2, which could be a potential shorting opportunity for traders. However, the supply release is not nec...
Markets
Jan. 20, 2023

First Mover Americas: Bitcoin, Ether Rise Slightly After Genesis' Chapter 11 Filing

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 20, 2023

Bitcoin, Ether Hold Steady After Genesis' Bankruptcy, Crypto Traders Say Bad News Was Priced In

"It is incredible to see how bitcoin has reacted to the Genesis Bankruptcy news," a famous crypto observer tweeted Monday , marveling at the top cryptocurrency's muted reaction to one of the largest institutional firm's crypto lending business ...
Markets
Jan. 20, 2023

First Mover Asia: Bitcoin Returns to Its Winning Ways

Good morning. Here’s what’s happening: Prices: After dipping early Thursday, bitcoin returned to the green; other major cryptos also rose. Insights: Cobo, the asset management platform, is adopting a key tenet of traditional finance – a d...
Markets
Jan. 20, 2023

Solana Blockchain SOL Token Doubles From FTX-Crash-Induced Lows, but Will It Continue to Rebound?

One of the hardest-hit tokens of 2022 has been an upbeat story this year. SOL , the native currency of the Solana blockchain, has doubled its price since mid-December to hover around $21, reaching as high as $24 earlier this week, roughly where...
Markets
Jan. 19, 2023

Paxos Courts MakerDAO With Paying Yield for Holding Up to $1.5B USDP Stablecoin

Stablecoin issuer Paxos proposed paying a steady fee to decentralized finance giant MakerDAO for holding up to $1.5 billion of Pax USD ( USDP ) stablecoin among its reserves. According to a proposal posted in Maker’s governance forum on Thur...
Markets
Jan. 19, 2023

Crypto Markets Today: Bitcoin Rides Over $21K, FTX's Possible Revival

The new head of FTX is exploring the possibility of restarting the bankrupt crypto exchange , according to an interview he gave to the Wall Street Journal , his first since taking over at FTX in November. This article originally appeared in ...
Markets
Jan. 19, 2023

Bitcoin Holds Steady Near $21K Even as Equities Slide

Bitcoin held steady near its most recent $21,000 perch, and a leading crypto analyst said the market had already priced in the looming bankruptcy filing of crypto brokerage Genesis Global Capital and other recent industry debacles stemming from...
Markets
Jan. 19, 2023

MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves

Decentralized finance giant MakerDAO ’s community voted for keeping Gemini USD (GUSD) stablecoin as part of the protocol’s reserve system for its DAI stablecoin in a dramatic vote that flipped at the finish line. In a poll that concluded Thur...
Markets
Jan. 19, 2023

Crypto Trading Giant QCP Capital Expects Fed to Be Irate as Financial Conditions Ease

"Don't fight the Fed" has been one of the most voiced mantras on Wall Street. Yet, that's precisely what investors have done in recent weeks. Despite the Federal Reserve's (Fed) repeated warnings of continued liquidity tightening ahead, ther...
Markets
Jan. 19, 2023

First Mover Americas: BTC, ETH Drop Amid Genesis Bankruptcy Reports

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 19, 2023

Avalanche DEX Trader Joe Plans to Make its Tokens More Valuable for Users

Trader Joe, a decentralized exchange (DEX) on the Avalanche blockchain, has announced plans to bolster the utility of its native governance token JOE and other ecosystem tokens, developers wrote Thursday. Developers plan to bridge JOE tokens o...
Markets
Jan. 19, 2023

Bitcoin Bridged to Avalanche Surpasses BTC Locked in Lightning Network

The number of bitcoin (BTC) bridged or ported from the Bitcoin blockchain to the Avalanche smart contract blockchain has surpassed the tally of coins held in the Lightning Network , a second-layer solution for Bitcoin's scalability problems. On...
Markets
Jan. 19, 2023

OKX Publishes Proof-of-Reserves Report Showing $7.5B in ‘Clean Assets’

OKX has $7.5 billion in reserves, and these reserves do not contain its native token, according to a proof of reserves published by the exchange on Thursday. This is the third proof of reserves OKX has published, but the first to show the exact ...
Markets
Jan. 19, 2023

Ether, Bitcoin Long Traders See $110M Liquidations on Bitzlato Induced Volatility

A notice on the U.S. Justice Department’s website about an oncoming crypto-related effort resulted in a steep sell-off on Wednesday, causing bitcoin (BTC) and ether (ETH) to dip under newly-breached support levels before slightly recovering. The...
Markets
Jan. 19, 2023

First Mover Asia: FTX’s Illiquid Holdings Filled With Tokens That Sit in Venture Funds in Which It Invested; Bitcoin Falls Below $21K

Good morning. Here’s what’s happening: Prices: Bitcoin and ether spend their Wednesday in the red. Insights: Embattled crypto exchange FTX and several venture capital firms hold a ton of illiquid tokens such as Serum (SRM). Prices ...
Markets
Jan. 18, 2023

Crypto Markets Today: Bitcoin Falls Below $21K; Genesis Nears Bankruptcy Filing; Bitzlato Founder Arrested

Genesis Global Capital, the institutional crypto brokerage whose lending unit halted customer withdrawals in the aftermath of FTX's failure, is laying the groundwork for a bankruptcy filing , according to reports. This article originally appea...
Markets
Jan. 18, 2023

MakerDAO Favors Holding GUSD Stablecoin as Part of Reserve in Early Voting

Decentralized finance giant MakerDAO's community was heavily favoring keeping Gemini’s GUSD stablecoin as part of Maker’s reserve in an ongoing vote that is testing confidence in Gemini, the Winklevoss-founded exchange that has been swept up in r...
Markets
Jan. 18, 2023

Lido’s Total Value Locked Spiked 33% In Past Month, Becoming Largest DeFi Protocol by TVL, Says DeFiLlama

The forerunner of the liquid staking derivatives market , Lido became the largest decentralized finance (DeFi) app by total value locked (TVL) earlier this month, surpassing MakerDAO. Lido’s claim to the throne comes after a period of steady gr...
Markets
Jan. 18, 2023

Bitcoin Tumbles From Multi-Month High on DOJ Worry, Hawkish Fed

Just two hours after surging to a four-month high of about $21,550, the price of bitcoin ( BTC ) has tumbled nearly $1,000, now down 2.6% to $20,600. More than $107 million was liquidated across crypto derivatives markets during the quick plun...
Markets
Jan. 18, 2023

Bitcoin Erases Entire FTX-Related Decline in Latest Surge

Bitcoin ( BTC ) has risen to $21,550 early Wednesday, surpassing the level at which it stood on Nov. 5 last year just prior to the collapse of crypto exchange FTX. According to CoinDesk data , the price of bitcoin is now at its highest since mid...
Markets
Jan. 18, 2023

First Mover Americas: Crypto Winter Chills at Digital Currency Group, Coinbase

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 18, 2023

DeFi Protocol Thena Sees Total Value Surge to $90M in a Week

Thena, a liquidity layer and decentralized exchange (DEX) on the BNB Chain, has experienced a massive uptick in total value locked (TVL) to $90 million from $5 million since its launch last week. The protocol offers yields of up to 9.93% for liq...
Markets
Jan. 18, 2023

Crypto Observers Maintain Risk On Bias as US Debt Ceiling Nears

Last week, U.S. Treasury Secretary Janet Yellen warned that the government would reach its statutory debt limit of $31.4 trillion on Jan. 19. Understandably, that's scary and might force crypto investors to reconsider the sustainability of bi...
Markets
Jan. 18, 2023

SHIB Surges 20%, DOGE up 5% as Traders Continue to go Ape for Meme Coins

The market’s love affair for all things Shiba Inu is continuing, with big gains in SHIB and DOGE during the last 24 hours. The Shiba Inu (SHIB) token is up over 20% in the last 24 hours, according to CoinGecko data , with Nansen reporting heavi...
Markets
Jan. 18, 2023

First Mover Asia: Bitcoin Hangs Tough Over $21K for Another Day

Good morning. Here’s what’s happening: Prices: Bitcoin traded above $21,000 for a fourth consecutive day. Insights: Why are tokens for metaverse majors rallying when the platforms are struggling to keep users engaged? Prices ...
Markets
Jan. 17, 2023

Crypto Markets Today: Bitcoin Holds Strength Above $21K, Congress' FTX Problem

More than one in three of the 535 senators and representatives in the U.S. Congress showed up to the new session with FTX baggage, having received campaign support from one of the senior executives of the fraud-ridden crypto giant, according to ...
Markets
Jan. 17, 2023

First Mover Americas: Three Arrows' Founders Take Slingshot From Crypto Community

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 17, 2023

Buyers From Coinbase Powered Bitcoin Higher or Did They?

Bitcoin (BTC) has gained nearly 28% this month, hitting the highest since early November. The popular narrative on Crypto Twitter is that traders from Coinbase (COIN) have powered the cryptocurrency higher. However, the Nasdaq-listed exchange h...
Markets
Jan. 17, 2023

BNB Chain Burns Over $500M in BNB Tokens

BNB Chain has completed the burn of over $500 million worth of its native BNB tokens as part of a broader program, it said Tuesday. The burn was executed at around 0800 UTC on Tuesday morning in transaction 34167E903B9F662A64817266D8A6CE4FE096...
Markets
Jan. 17, 2023

First Mover Asia: Bitcoin Tops $21.3K as Cryptos' 2023 Feel-Good Story Continues

Good morning. Here’s what’s happening: Prices: Bitcoin soared past $21.3K for the first time since early November before retreating slightly. But BTC remained in the green in Monday trading. Insights: The surge in FTX's FTT token defies ...
Markets
Jan. 16, 2023

DeFi Protocol Sushi Lays Out 2023 Plans With Focus on DEX and User Experience

Popular decentralized-finance ( DeFi ) application Sushi's CEO laid out the protocol's 2023 roadmap with focus on user experience and said Sushi will release its decentralized exchange (DEX) aggregator in the first quarter. The protocol will foc...
Markets
Jan. 16, 2023

First Mover Americas: Bitcoin Tops $21K, Outshines S&P 500, Gold

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 16, 2023

Options Flip to Show Stronger Bitcoin Into July

Expectations for bitcoin's (BTC) price over the next six months have turned positive after a long time, in another sign of confidence in the cryptocurrency's latest bull revival. Bitcoin's 180-day call-put skew has crossed above zero for the fir...
Markets
Jan. 16, 2023

Bitcoin Surge Causes Over $500M in Liquidations, Highest in 3 Months

Crypto markets surged to regain the $1 trillion market capitalization mark over the weekend amid signs of bottoming and a record number of short liquidations contributing to the uptick. Nearly $500 million in shorts, or bets against higher price...
Markets
Jan. 16, 2023

First Mover Asia: Bitcoin Surges on Inflation Tailwinds, Hovers Near $21K

Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other, major cryptos continue to surge in weekend trading. Insights: Ark Invest's Cathie Wood is correct in thinking that, despite market uncertainty, disruptive innovation...
Markets
Jan. 14, 2023

Bitcoin Retakes $20K, Leading as Broad Crypto Rally Continues

Bitcoin's ( BTC ) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November. The largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in t...
Markets
Jan. 13, 2023

Crypto Markets Today: Bitcoin Finishes Best Week Since March; Solana’s Bonk Barks

In the past few weeks, a Shiba inu-themed token took center stage in the Solana ecosystem as sentiment around the blockchain network took a hit in the aftermath of the Sam Bankman-Fried and FTX debacle. CoinDesk's Shaurya Malwa took a closer loo...
Markets
Jan. 13, 2023

Left For Dead Crypto Names Roar Higher as Bitcoin Bounces

With nearly the entire universe of publicly-traded crypto stocks down 70%-90% or even more in 2022, just a little bit of life in bitcoin (BTC) this week has led to outsized sector gains. Trading at $19,370 at press time, bitcoin (BTC) is higher ...
Markets
Jan. 13, 2023

First Mover Americas: SEC Targets Gemini, Genesis

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 13, 2023

Decentraland’s MANA Token Jumps as Metaverse Tokens Outperform Crypto Markets

The native token of Metaverse project Decentraland (MANA) surged as metaverse tokens became the best performing assets since the start of this year. MANA’s price increased 12% in the past 24 hours and was trading at 44 cents at press time. The...
Markets
Jan. 13, 2023

Bitcoin's 'Volatility Smile' Shows Increased Demand for Bullish Exposure

Bitcoin's (BTC) recent double-digit rally has sparked a positive sentiment shift among crypto options traders. The leading cryptocurrency by market value has gained 13% this month, topping the $19,000 mark for the first time since Nov. 8, CoinD...
Markets
Jan. 13, 2023

Bitcoin Cash Jumps 10% Ahead of Optimistic May Hard Fork

Bitcoin Cash (BCH) prices surged nearly 10% in the past 24 hours as traders shed light on potential network changes ahead of the protocol’s May hard fork. BCH broke above resistance levels of $108 to as much as $125 on Friday, price charts data ...
Markets
Jan. 13, 2023

Crypto Traders Are Already Placing Bets on Ethereum’s 'Shanghai Hard Fork'

Ethereum’s historic shift last year to a proof-of-stake network – known as “ the Merge ” – was one of the biggest stories of the year in crypto markets. Now all eyes are on Ethereum’s next major upgrade expected to take place in March, known as ...
Markets
Jan. 13, 2023

First Mover Asia: What's Next for Bitcoin After Biggest One-Day Price Pop in 2 Months?

Good morning. Here’s what’s happening: Prices: Bitcoin ( BTC ) posted its biggest one-day return in two months, shooting up 5% to surpass the $19,000 level . Insights: Security firms such as OpenZeppelin say blockchain bridges can benefi...
Markets
Jan. 12, 2023

Crypto Markets Today: Bitcoin Tops $19K, Blockchain.com Cuts Jobs, Sam Bankman-Fried Blogs

Sam Bankman-Fried, the disgraced former chief of FTX, denied stashing away billions of dollars and gave his take on what happened to his bankrupt crypto exchange in a lengthy new post on Substack published Thursday. This article originally ap...
Markets
Jan. 12, 2023

Bitcoin Pushes Near $19K For First Time Since FTX Collapse

Quiet for most of the session following this morning's in line inflation report, an early afternoon advance has brought bitcoin ( BTC ) to $18,800, up 7% for the day and it's highest level since it was gapping down in early November as crypto exc...
Markets
Jan. 12, 2023

First Mover Americas: Crypto Markets Primed for Soft CPI

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 12, 2023

Short Traders Suffer $200M in Losses as Ether, Cardano Lead Crypto Majors' Gains

Traders betting on a market-wide decline were caught offside as a broad recovery in the past 24 hours saw some $200 million in shorts, or bets against price rises, getting liquidated. The amount added to the more than $150 million in shorts liqu...
Markets
Jan. 12, 2023

Ether Hits Two-Month High Ahead of US CPI; Market Breadth Remains Weak

Ethereum's native token ether (ETH) rallied to a two-month high on Thursday, shrugging off the cautious tone in the U.S. stock futures. The second-largest cryptocurrency rose nearly 1% to $1,415, the highest since Nov. 8, taking the month-to-dat...
Markets
Jan. 12, 2023

First Mover Asia: The Next Avraham Eisenberg Isn’t Going to Be a ChatGPT Powered ‘Script Kiddie’

Good morning. Here’s what’s happening: Prices: Bitcoin was higher for the 10th time in 12 days, pushing $18K for first time since mid-December, in a mostly green Wednesday. Insights: The Next Avraham Eisenberg Isn’t Going to Be a ChatGPT ...
Markets
Jan. 11, 2023

Crypto Markets Today: FTX Finds $5B, Bitcoin Extends Rally

Crypto exchange FTX has recovered more than $5 billion in different assets , not including another $425 million in crypto held by the Securities Commission of the Bahamas, a bankruptcy attorney said during a hearing Wednesday. This article ori...
Markets
Jan. 11, 2023

SingularityNET’s AGIX Leads AI-Focused Token Pump Narrative in New Year

The hot news surrounding the artificial intelligence (AI) tool ChatGPT is also inspiring an upsurge in AI-focused tokens in the crypto market. Blockchain AI project SingularityNET led Wednesday's AI and big data token board, with its utility t...
Markets
Jan. 11, 2023

Bitcoin SV Drops as Robinhood Ends Support

Online trading app Robinhood (HOOD) said it will end support for BSV , the native token of the Bitcoin SV blockchain, on Jan. 25. Users can buy, sell, send and hold BSV until the deadline, Robinhood said in a Wednesday email to customers and s...
Markets
Jan. 11, 2023

First Mover Americas: CME BTC Futures Signal Worst of FTX-Induced Panic May Be Over

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 11, 2023

Gala Games Deletes Tweet Announcing Partnership With Hollywood Star The Rock; Native Token Drops

Gala Games' native token, GALA, stumbled after the blockchain-based gaming platform Gala Games deleted a tweet announcing a partnership with A-list Hollywood stars. Monday's tweet that the company was working with Dwayne "The Rock" Johnson and...
Markets
Jan. 11, 2023

ARK Makes Coinbase Buy as COIN Jumps 20% On-Week

Tech investor Cathie Wood has made her first purchase of the year of Coinbase (COIN) stock. According to an investor update email, Wood added 33,756 shares of COIN to ARK’s Innovation ETF (ARKK), worth around $1.45 million based on the January 1...
Markets
Jan. 11, 2023

Bitcoin CME Futures Draw Premium for the First Time Since FTX's Collapse

The market panic that ensued after the collapse of Sam Bankman Fried's FTX exchange in early November seems to be abating. The three-month bitcoin (BTC) futures listed on the Chicago Mercantile Exchange (CME), widely considered a proxy for i...
Markets
Jan. 11, 2023

First Mover Asia: Behind the Scenes on Indonesia's New Official Crypto Exchange

Good morning. Here’s what’s happening: Prices: As bitcoins nudges higher above $17,400, altcoins are surging and the so-called "Grayscale discount" is narrowing thanks to growing speculation over Digital Currency Group's finances. Insights...
Markets
Jan. 10, 2023

Crypto Markets Today: Coinbase Announces More Job Cuts Amid Market Jitters

Crypto exchange Coinbase (COIN) said it’s planning to reduce headcount by around 950 employees as part of a restructuring that it expects to be complete by the end of the second quarter. This article originally appeared in Crypto Markets T...
Markets
Jan. 10, 2023

Crypto.com Delists Tether’s USDT Stablecoin for Canadian Users

Crypto.com , one of the world’s top exchanges by volume, will delist Tether’s dollar-linked stablecoin, USDT , from its trading platform for users based in Canada, according to an email sent by the firm to customers. The company made the decis...
Markets
Jan. 10, 2023

Grayscale Bitcoin Trust Discount Narrows to 8-Week Low as DCG Faces Pressure

The Grayscale Bitcoin Trust's (GBTC) early 2023 rally has outpaced that of its underlying bitcoin ( BTC ) holdings, thus significantly narrowing its discount to net asset value (NAV). The closed-end trust with more than $10 billion in assets und...
Markets
Jan. 10, 2023

First Mover Americas: Another FTX Insider Is Talking, Bloomberg Says

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 10, 2023

Bitcoin Holds Steady Above $17K, US Dollar Tepid Ahead of Powell Speech

Bitcoin ( BTC ) held steady as the U.S. dollar showed little signs of recovery ahead of an expected hawkish speech by Federal Reserve President Jerome Powell later Tuesday. At press time, the largest cryptocurrency by market value traded 0.5% hi...
Markets
Jan. 10, 2023

Bernstein: Recent Gains in Some Cryptocurrencies Caused by Short Covering

This year began at a time of peak bearish sentiment in crypto markets, but in the past 24 hours cryptocurrencies have gained, with some out-of-favor coins climbing more than 20%, Bernstein said in a research report Monday. Many of the tokens tha...
Markets
Jan. 10, 2023

Bonk Inu to Mint NFTs on Solana-Based Marketplace Magic Eden. But There's a Catch

Solana-based token Bonk Inu (BONK) will offer over 15,000 non-fungible token (NFT) collectibles on Solana marketplace Magic Eden on Tuesday, a representative told CoinDesk over email. The NFTs, blockchain tokens that represent ownership of a phy...
Markets
Jan. 10, 2023

Poor Bitcoin Market Liquidity Keeps Crypto Whales at Bay

Crypto whales, or large traders, are staying on the sidelines of the bitcoin ( BTC ) market despite a risk reset in traditional markets because thin liquidity is making transacting without impacting the cryptocurrency's price difficult. In signs...
Markets
Jan. 10, 2023

Flare Tokens Airdropped to XRP Holders After Two Years; FLR Price Plummets 70%

Flare’s FLR tokens were finally distributed to XRP holders, starting Monday night, after a nearly two-year-long wait in an event that generated massive chatter among community members. Flare Token Distribution Event https://t.co/3GkF2dbGBY &m...
Markets
Jan. 10, 2023

First Mover Asia: Altcoin Short Squeeze Brings Green Shoots to Dormant Crypto

Good morning. Here’s what’s happening: Prices: Solana's SOL and altcoins including Serum's SRM are benefiting from the year's first mini-rally in altcoins. A short squeeze added fuel. Insights: Alex Thorn, head of research at crypto inves...
Markets
Jan. 09, 2023

Crypto Markets Today: Big Options Trade in Ether Market Would Profit from 69% Price Slide

Last week, a buy order for 50,000 contracts of ether options – with a $400 strike price and expiring in June – appeared on Deribit's order book , raising alarm bells in the crypto community. As of press time, ether was priced around $1,300, so t...
Markets
Jan. 09, 2023

Beaten-Down FTT, Serum Tokens Lead Altcoin Rally, Triggering Short Squeeze

After days of muted trading and crushed volatility, the crypto market came back swinging on Monday as cryptocurrencies with smaller market capitalizations rallied, outperforming the blue chips bitcoin ( BTC ) and ether ( ETH ). Among the biggest...
Markets
Jan. 09, 2023

Bitcoin's Modest Rally Sends Crypto-Related Stocks Sharply Higher

"Never short a dull market" is a favorite axiom of veteran traders, and it's proven true once again as a gain for bitcoin ( BTC ) – stuck in a very tight range for the past month – has set off an explosive move higher in crypto-related stocks inc...
Markets
Jan. 09, 2023

Jefferies Initiates Coverage of Crypto Exchange Coinbase With ‘Hold’ Rating

Coinbase’s (COIN) premium brand as an onshore and regulated entity with a healthy balance sheet should enable the crypto exchange to weather the fallout from the collapse of rival FTX , Jefferies said in a research report Monday. The broker ini...
Markets
Jan. 09, 2023

First Mover Americas: DCG Probed For Genesis Transfers

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 09, 2023

Solana, Cardano Tokens See Price Bump Amid Strong Transactional Activity

Tokens of Solana (SOL) and cardano (ADA) outpaced the broader crypto market amid signs of recovery over the weekend. SOL and ADA were up over 15% on Monday morning, before seeing a slight price retreat as traders took profits. Solana was buoyed...
Markets
Jan. 09, 2023

The Ether Trade That Made the Most Noise Last Week

During the bull market of early 2021, hyperbullish bets on bitcoin (BTC) and ether (ETH) often crossed the tape on the leading crypto options exchange, Deribit. Two years later the opposite is happening, with market participants betting on an...
Markets
Jan. 09, 2023

First Mover Asia: Bitcoin Eclipses $17K, Breaking Out of Three-Week Trading Range

Good morning. Here’s what’s happening: Prices: Bitcoin decisively pushed past $17,000, appearing to break out of a three-week range. In the week ahead traders will be monitoring ongoing speculation involving Digital Currency Group, Tron, Huo...
Markets
Jan. 06, 2023

Crypto Markets Today: Huobi Tensions Sink Tron Token Price

The price of Tron ( TRX ), the 18th-largest token by market capitalization, tumbled Friday amid tensions at crypto exchange Huobi as the broader crypto market rose. This article originally appeared in Crypto Markets Today , CoinDesk’s da...
Markets
Jan. 06, 2023

'Binance Effect' Means 41% Price Spike for Newly Listed Tokens

Token prices spike 73% in the first 30 days following their listing on crypto exchange Binance, an analysis by crypto investor Ren & Heinrich has found. The report, which tracked 26 coins over 18 months, showed a 41% increase a day after a...
Markets
Jan. 06, 2023

First Mover Americas: Sam's Seeking to Keep Control of Robinhood Shares

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 06, 2023

Crypto Exchange Huobi Experiences Heavy Token Outflows: Nansen

Traders may be skeptical about the continued health of Huobi, on-chain data indicates. The exchange, which saw turbulent trading in the Asia hours for its HT token after it confirmed a 20% headcount reduction , has experienced outflows of $64 m...
Markets
Jan. 06, 2023

Tron Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange

The price of Tron (TRX), the 18th-largest token by market capitalization, tumbled Friday amid tensions stemming from crypto exchange Huobi as the broader crypto market held steady. Tron founder Justin Sun sits on Huobi’s advisory board. The exch...
Markets
Jan. 06, 2023

Case for Bitcoin Weakens as Global Stockpile of Sub-Zero Bond Yields Vanishes

With the global central banks raising interest rates at a record pace to combat inflation, the global stockpile of negative-yielding bonds has vanished, weakening the case for harvesting returns from risky alternative assets like cryptocurrencies...
Markets
Jan. 06, 2023

Bonk Inu Developers Burn All Their Team Tokens as Solana Ecosystem Frenzy Continues

Developers behind Solana-based memecoin project Bonk Inu (BONK) burned over 5 trillion tokens, or 5% of the total supply, earlier on Friday, blockchain data shows. The move claimed to have effectively burned all tokens earmarked for developers ...
Markets
Jan. 06, 2023

Bitcoin, Ether Options Market See Mixed Flow Ahead of US Nonfarm Payrolls

The bitcoin (BTC) and ether (ETH) options market saw mixed flows ahead of the crucial U.S. nonfarm payrolls (NFP) report, with a focus on setting strategies that profit from a potential post-data volatility explosion. "We have seen two-way flows...
Markets
Jan. 06, 2023

Cathie Wood's ARK Invest Buys About $5M of COIN, Continuing Her Dip-Buy Parade

Cathie Wood's Ark Invest grabbed another $5 million of Coinbase (COIN) shares on Thursday, as she continues to show confidence in the crypto exchange even as its share price falls. It closed down 11% on Thursday at $33.53. It fell almost 90% in 2...
Markets
Jan. 06, 2023

First Mover Asia: Bitcoin, Ether Continue Their Rapid Descent in Volatility

Good morning. Here’s what’s happening: Prices: Bitcoin holds steady at $16,800 amid ongoing concerns about the economy and central bank hawkishness. Insights: Bitcoin and Ethereum's Average True Range has declined by more than 80% since 2...
Markets
Jan. 06, 2023

Huobi Exchange Token Down 11% on Reports of Layoffs, Internal Strife at Company

Reports that Huobi is dramatically cutting headcount, requiring employees to take their salaries in stablecoins, and closing internal staff communication channels to quell a rebellion have taken a toll on its exchange token and trading volume. C...
Markets
Jan. 05, 2023

Declining Demand for Binance's BUSD Represents New Chapter in Stablecoin Wars

Binance, the world’s largest crypto exchange , made a big push last year to promote its own stablecoin, BUSD , over those of rivals. But recent speculation over the exchange’s health appear to have undermined the progress, following a spate ...
Markets
Jan. 05, 2023

The Fool's Game Of Annual Crypto Price Predictions

The price volatility of cryptocurrencies has been an issue investors have had to contend with over the past 14 months, and it doesn’t seem to be going away any time soon. That means clients active in or curious about cryptocurrencies have likely ...
Markets
Jan. 05, 2023

First Mover Americas: A Win for Celsius in Court

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 05, 2023

Marex Solutions Issues Coinbase-Linked Structured Product Offering a 40% Coupon

Marex Solutions, a derivatives-focused division of the London-based financial services provider Marex, unveiled a Coinbase (COIN) linked structured product that offers enhanced coupons in return for only partially protecting capital risk on the...
Markets
Jan. 05, 2023

First Mover Asia: Bitcoin Rises, Cryptos Savor FOMC Data

Good morning. Here’s what’s happening: Prices: CoinDesk Market Index (CMIP) 837.58 +12.1 ▲ 1.5% ...
Markets
Jan. 04, 2023

Crypto Markets Today: Crypto Broker Genesis Asks for Clients’ Patience

The interim CEO of Genesis Global Trading, the cryptocurrency brokerage and lender forced to halt withdrawals in November, said it needs more time to sort out its tricky position. This article originally appeared in Crypto Markets Today...
Markets
Jan. 04, 2023

Marathon Digital, Coinbase Lead Bounce for Crypto-Related Stocks

After a disastrous 2022 in which 80%-90% declines were the norm, many cryptocurrency-related stocks are in the green early in 2023 after big advances on Wednesday. The largest gainer among the major names was bitcoin miner Marathon Digital (MARA...
Markets
Jan. 04, 2023

Binance Controlled 92% of Bitcoin Spot Trading Volume at End of 2022: Arcane Research

The world’s largest crypto exchange, Binance’s market share of bitcoin ( BTC ) trading volume rose to 92% by the end of 2022, according to Arcane Research. The exchange’s market share was just 45% at the start of last year, but the elimination o...
Markets
Jan. 04, 2023

First Mover Americas: Bankman-Fried Pleads Not Guilty

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 04, 2023

Ether-Bitcoin Ratio On a Bullish Path After Triangle Breakout, Trader Says

The ether-bitcoin (ETH/BTC) ratio could rally toward a two-month high, according to Lewis Harland, a portfolio manager at Decentral Park Capital. That's because the ratio has broken out of a multi-month triangle pattern, often called a wedge, in...
Markets
Jan. 04, 2023

Binance Led Market Share in 2022 Despite Overall Decline in CEX Volumes

Even as trading volume on centralized exchanges (CEX) declined 46% over the course of 2022, Binance remained the leader with a 66.7% market share in December versus 48.7% to start the year, according to a report by CryptoCompare. That major jump...
Markets
Jan. 04, 2023

Shiba Inu-Themed BONK Tokens Are Yielding Nearly 1,000% for Solana Liquidity Providers

A flat market and ongoing contagion risks aren’t deterring crypto traders from finding the next major narrative to generate returns, and a memecoin is at the center of that in the Solana (SOL) ecosystem. Bonk, a Shiba Inu-themed token issued on ...
Markets
Jan. 04, 2023

A Dose of 'Hopium' for Bitcoin Bulls From 1970s

The question of whether inflation has peaked is passe for risk assets, including cryptocurrencies. There has been a slowdown in the inflation rate in the U.S. and other parts of the world since the third quarter of 2022. In response, the Federal...
Markets
Jan. 04, 2023

Ethereum Name Service Recorded Over 2.8M Domain Registrations in 2022

Ethereum Name Service (ENS) saw lifetime record domain registrations in 2022 amid a broader market frenzy that saw some traders treating the domains as investments. ENS is a decentralized domain name protocol that runs atop the Ethereum network....
Markets
Jan. 04, 2023

First Mover Asia: Why Is Tron Founder Justin Sun Keeping Some of His Coins in Valkyrie Digital Assets?

Good morning. Here’s what’s happening: Prices: Bitcoin is flat on its 14th birthday. Ether and most other cryptos in the CoinDesk top 20 by market capitalization were also trading sideways. Insights: Why has Justin Sun sunk a large amoun...
Markets
Jan. 03, 2023

Crypto Markets Start Year on Positive Note After Horrendous 2022

The crypto market kicked off a new year of trading in a positive mood. The CoinDesk Market Index (CMI) is up 1.3% so far in 2023, with all six sector indices in the green. That’s a reversal from the fourth quarter of last year, when the benchm...
Markets
Jan. 03, 2023

First Mover Americas: Legal Troubles Brewing at Digital Currency Group

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 03, 2023

Solana Price Gains as Dog Coin Bonk Fires Up Community Interest

Solana ( SOL ) tokens have gained more than 8% over the past 24 hours even as larger cryptocurrencies, such as bitcoin ( BTC ) and ether ( ETH ), were little changed following a flat weekend. SOL traded over $11 on Tuesday following nearly nine ...
Markets
Jan. 03, 2023

Bernstein: Returns From Buying Crypto During Downturns Have Been Spectacular

Before the turmoil of 2022, the digital assets market had witnessed two prior crypto winters , and the returns from buying into such periods of market stress have been spectacular, brokerage firm Bernstein said in a research report Monday. Bern...
Markets
Jan. 03, 2023

Ethereum's Impending Shanghai Upgrade Powers Lido DAO, SWISE, RPL Tokens Higher

There is rarely a dull moment in the crypto market. While bitcoin (BTC) and ether (ETH) remain in stasis, governance tokens of liquid staking platforms, which allow users to retain liquidity of their tokens even though they are locked in a blo...
Markets
Jan. 02, 2023

First Mover Asia: Bitcoin Celebrates the New Year With Old Pricing, Holds Steady at $16.7K

Good morning. Here’s what’s happening: Prices: Bitcoin inches up but remains in its recent, narrow range; other major cryptos see green. Insights: Crypto exchange tokens are responding more to news developments than what regulators might...
Markets
Jan. 01, 2023

What Will It Take for Bitcoin Mining Companies to Survive in 2023?

It was a perfect storm for bitcoin mining companies in 2022: Interest rate hikes increased the cost of capital , mining bitcoin became less profitable as hashrate stubbornly trudged upward while bitcoin’s price tumbled and mining companies’ tr...
Markets
Dec. 30, 2022

First Mover Americas: Cathie Wood 'Bargain Hunts' Coinbase

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Dec. 30, 2022

Cathie Wood Continues Buying Coinbase's Dip With $5 Million Stock Purchase

ARK Invest, a technology and fintech fund run by Cathie Wood, has purchased $5 million of Coinbase's stock. This is the fourth recent buy for the investment fund, as the company's ARK Fintech Innovation ETF (ARKF) adds 158,000 shares to its bala...
Markets
Dec. 30, 2022

Solana Token Rebounds off Thursday Lows as Buterin Tweets Support

Solana’s native token SOL erased most of Thursday’s 15% fall after Ethereum founder Vitalik Buterin tweeted support for the blockchain most battered by FTX’s implosion. SOL rebounded from Thursday’s low of $8.19 and retook the $9.50 range where ...
Markets
Dec. 30, 2022

First Mover Asia: 3 Crypto Predictions for 2023 From Digital Asset Manager 3iQ's Research Head

Good morning. Here’s what’s happening: Prices: Three days before the close of 2022, bitcoin inched proudly upward. Solana continued its most recent tailspin, while other cryptos were mixed. Insights: Mark Connors, head of research for di...
Markets
Dec. 29, 2022

Bitcoin, Ether Did Better Than You Think in 2022

Although the world’s largest cryptocurrency by market value, bitcoin (BTC), saw a roughly 64% decline in value year-to-date, CoinDesk research shows that bitcoin and ether returns in 2022 per unit of risk were about the same as equities and signi...
Markets
Dec. 29, 2022

No, Advisors, Crypto Is Not a Ponzi Scheme

Since FTX collapsed into bankruptcy and its Ponzi-like shell game with investor money was revealed, many commentators have doubled-down on their criticism of cryptocurrencies themselves as a type of Ponzi scheme. For those who need a review, Pon...
Markets
Dec. 29, 2022

First Mover Americas: Gemini Sued Over Interest-Earning Product

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Dec. 29, 2022

Solana Tokens Continue Steep Slide While Major Cryptos Stay Flat

Crypto markets slid a nominal 0.8% in the past 24 hours as broader equity markets grappled with renewed coronavirus fears stemming from China. Hong Kong’s Hang Seng Index and Japan’s Nikkei 225 had shed 1% as of Asian afternoon hours on Thursday...
Markets
Dec. 29, 2022

Alameda Research Liquidated Ether-Based Token Holdings for Bitcoin in Past 24 Hours, On-Chain Data Shows

Several tokens held by Sam Bankman-Fried’s embattled trading unit Alameda Research were sold late on Wednesday to the tune of millions of dollars, as the the firm's founders face criminal charges related to the collapse of Alameda and FTX. Oncha...
Markets
Dec. 29, 2022

First Mover Asia: Bitcoin Retreats Further Into the Gloom

Good morning. Here’s what’s happening: Prices: Bitcoin, ether and most other major cryptocurrencies spent Wednesday in the red. Insights: In this last week of 2022, First Mover Asia is revisiting a few of CoinDesk's (CD) most noteworth...
Markets
Dec. 28, 2022

First Mover Americas: Sunset for Kraken in Japan

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Dec. 28, 2022

First Mover Asia: Bitcoin Drifts Lower as Crypto Winter Continues

Good morning. Here’s what’s happening: Prices: Bitcoin drifted lower in Tuesday trading, albeit not by much as crypto prices remained largely frozen near levels they've held for a week. Insights: In this last week of 2022, First Mover Asi...
Markets
Dec. 26, 2022

First Mover Asia: Bitcoin Ho Ho Holds Near $16.9K

Good morning. Here’s what’s happening: Prices: Bitcoin held steady throughout the Christmas holiday weekend at about $16.9K; most other major cryptos were flat, although tinted more green than red. Insights: In this last week of 2022, Fi...
Markets
Dec. 23, 2022

Crypto Markets Today: Bitcoin Ends Penultimate Week of (Awful) 2022 on Quiet Note

The year 2022 is likely to go down as one of the worst ever in the blockchain industry’s volatile history. But for scammers trolling digital-asset markets for suckers or even easy pickings from savvy crypto traders, it’s been a banner year . ...
Markets
Dec. 23, 2022

Binance Failing to Get US Exchange Listings for BNB Is Yellow Flag for Crypto Analysts

Binance, the world’s biggest crypto exchange by trading volume, has been the focus of crypto-market speculation in recent weeks after blockchain watchers detected billions of dollars of deposit outflows , the company’s auditor begged off and...
Markets
Dec. 23, 2022

Crypto Adds Unsavory Footnote to Dreadful 2022: Year of the Rug Pull

The year 2022 is likely to go down as one of the worst ever in the blockchain industry’s volatile history. But for scammers trolling digital-asset markets for suckers or even easy pickings from savvy crypto traders, it’s been a banner year. A n...
Markets
Dec. 23, 2022

First Mover Americas: SEC Scrutnizes Crypto Audits; SBF Gets Bail

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Top Stories Former FTX CEO Sam Bankman-Fri...
Markets
Dec. 23, 2022

First Mover Asia: Bitcoin, Ether Hold On as U.S. Stocks Fall

Good morning. Here’s what’s happening: Prices: Bitcoin avoids losses in U.S. stocks as strong economic data makes investors reconsider expectations that the Federal Reserve will pivot anytime soon to a more dovish monetary policy. Insights...
Markets
Dec. 22, 2022

Crypto Markets Today: Federal Judge Releases Bankman-Fried on $250M Bail

A federal judge agreed to release former FTX CEO Sam Bankman-Fried after he appeared in U.S. federal court in New York on Thursday on charges that he was the mastermind behind the fraudulent and illicit movement of customer funds inside his for...
Markets
Dec. 22, 2022

Crypto Firm Orthogonal Trading Said to Be in Provisional Liquidation After Maple Defaults

Digital asset trading firm Orthogonal Trading, which became insolvent after the sudden implosion of FTX , has been placed under provisional liquidation by the British Virgin Islands courts, according to another firm, M11 Credit, which had sought...
Markets
Dec. 22, 2022

Guggenheim's Scott Minerd, Fickle Bitcoin Forecaster, Dies After Heart Attack

Guggenheim Partners Chief Investment Officer Scott Minerd, a top Wall Street financier who made waves in crypto markets for his ever-shifting calls on bitcoin's price , died Wednesday after a heart attack at the age of 63. The firm announced hi...
Markets
Dec. 22, 2022

First Mover Americas: FTT Token at Center of New U.S. Charges in FTX Case

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Top Stories The U.S. Securities and Exchang...
Markets
Dec. 22, 2022

The CFP Board’s Latest Report on Crypto Sets High Standards for Advisors

The Certified Financial Planner (CFP) Board dropped their “ Notice to CFP Professionals Regarding Financial Advice about Cryptocurrency-related Assets ” on December 5th. The board's notice is a fourteen-page report that outlines a series of risk...
Markets
Dec. 22, 2022

Crypto Market May See Renewed Volatility as Whales Begin to Accumulate Bitcoin

The crypto market has recently held steady, with bitcoin locked in the narrow range of $16,000 to $18,000 amid lingering macroeconomic uncertainty and FTX contagion fears. The perplexing tranquility may soon fade, as bitcoin's historical volatil...
Markets
Dec. 22, 2022

Bitcoin Is Leading Indicator for S&P 500, Past Data Show

Traditional market investors looking for hints of a potential bearish-to-bullish trend change in U.S. stocks should keep a close eye on bitcoin. The leading cryptocurrency by market value tends to lead major stock market bottoms by at least six ...
Markets
Dec. 22, 2022

First Mover Asia: Most Cryptos Stay Flat Like a Windless Lake, but a Popsicle Makes Waves.

Good morning. Here’s what’s happening: Prices: The action was in Popsicle's ICE token as in mostly flat trading for crypto markets including bitcoin. Insights: Prices CoinDesk Market Index (CMI) ...
Markets
Dec. 21, 2022

Crypto Markets Today: Popsicle Heats Up as Bitcoin Stays Cold

The native token of Popsicle Finance, a decentralized finance (DeFi) market-making and yield-earning protocol, is surging as the controversial yet prolific blockchain developer Daniele Sestagalli said he was returning to the project. This ar...
Markets
Dec. 21, 2022

DeFi Project Popsicle’s ICE Token Triples as Controversial Wonderland Founder Returns

The native token of Popsicle Finance, a decentralized finance ( DeFi ) market-making and yield-earning protocol, is surging as the controversial yet prolific blockchain developer Daniele Sestagalli said he was returning to the project. Popsicle’...
Markets
Dec. 21, 2022

Bitcoin Trades Sideways as Stocks Get Pre-Holiday Bounce

Bitcoin looked remarkably stable Wednesday, trading around $16,780 as traders wrestled with the uncertain market outlook for next year. The largest cryptocurrency by market capitalization has been moving sideways at the range between $16,700 and...
Markets
Dec. 21, 2022

First Mover Americas: One of The Largest Bitcoin Miners Goes Bankrupt

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Top Stories Core Scientific , one of the...
Markets
Dec. 21, 2022

First Mover Asia: BitDAO’s $100M Token Buyback Plan Gets Mixed Reviews

Good morning. Here’s what’s happening: Prices: As the end of the year approaches, there's growing speculation that more digital-asset investors might eschew altcoins in favor of major currencies like bitcoin and ether, rotating toward a defe...
Markets
Dec. 20, 2022

Crypto Markets Today: More FTX Fallout as Traders Turn Defensive

Auros Global, the troubled crypto trading firm and market maker, disclosed Tuesday that it was granted a “Provisional Liquidation” request last month from a court in the British Virgin Islands, as part of efforts to restructure outstanding debt...
Markets
Dec. 20, 2022

Crypto Trading Firm Auros, Hit by FTX Collapse, Discloses Provisional Liquidation

Auros Global, the troubled crypto trading firm and market maker, disclosed Tuesday that it was granted a “Provisional Liquidation” request last month from a court in the British Virgin Islands, as part of efforts to restructure outstanding debt t...
Markets
Dec. 20, 2022

Coinbase’s Slump to All-Time Low Sends Market Cap Below Dogecoin

Shares of Coinbase (COIN) hit a fresh all-time low on Tuesday as the U.S.-based exchange continues to struggle with low trading volume amid falling crypto prices. Continuing declines for the stock have driven Coinbase’s market cap to less than $8...
Markets
Dec. 20, 2022

First Mover Americas: Bankrupt BlockFi Asks U.S. Court for Greenlight on Withdrawals

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Top Stories Bankrupt crypto lender BlockFi...
Markets
Dec. 20, 2022

Waves Blockchain Founder Sasha Ivanov Promises USDN Revival Plan, New Stablecoin

Sasha Ivanov, the founder of decentralized, open-source blockchain Waves, said he will unveil another stablecoin after providing a plan to stabilize USDN, the algorithmic, dollar-pegged cryptocurrency of the Waves ecosystem. "Two things: I will ...
Markets
Dec. 20, 2022

Bitcoin Gains 2%, Stocks Drop as Bank of Japan Allows Benchmark Bond Yields to Rise

Bitcoin (BTC) traded higher early Tuesday, defying the Bank of Japan (BOJ)-inspired slump in stock markets. The BOJ unexpectedly lifted the cap on the 10-year Japanese government bond yield to 0.5% from the previous 0.25%, ending the long period...
Markets
Dec. 20, 2022

First Mover Asia: Taiwan's Dreams of Becoming Blockchain Hub Prove Elusive

Good morning. Here’s what’s happening: Prices: Bitcoin heads lower into Asia hours, though some analysts wonder if the largest cryptocurrency might hold up better than stocks in an earnings recession. Insights: Taiwan's dreams of becoming...
Markets
Dec. 19, 2022

Crypto Markets Today: Binance.US to Buy Voyager Digital's Assets; Bitcoin Slides Into the Red

Voyager Digital, the bankrupt crypto lender, said Monday Binance.US has agreed to buy its assets for $1.022 billion . This article originally appeared in Crypto Markets Today , CoinDesk’s daily newsletter diving into what happened ...
Markets
Dec. 19, 2022

First Mover Americas: Grayscale Explores Options to Return Portion of GBTC

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Top Stories Grayscale Investments is explo...
Markets
Dec. 19, 2022

Crypto Options Market Has Become More 'Interdealer' Since FTX's Blowup: Paradigm

The collapse of Sam-Bankman Fried's digital assets exchange, FTX, has had industry-wide ramifications, one of them being market makers increasing their share of crypto options trading volumes. As of Friday, the notional value of the month-to...
Markets
Dec. 19, 2022

Storage Protocol Tokens Slide as Traders Short FileCoin and Storj

Short sellers were relentless on storage protocols Filecoin (FIL) and Storj (STORJ) over the weekend, with record shorts being placed on FIL. FIL is down 28% over the past five days, with STORJ down 20%. Both have underperformed ether (ETH), whi...
Markets
Dec. 19, 2022

First Mover Asia: Missing From the Debate About Binance’s Proof of Reserves and Auditor, One Metric Shows Another Exchange Could Be in Trouble

Good morning. Here’s what’s happening: Prices: Bitcoin was flat heading into Asia hours on Monday, though crypto analysts are warning that pressure from the Federal Reserve's monetary tightening isn't likely to fade anytime soon. Insights:...
Markets
Dec. 16, 2022

Crypto Markets Today: Co-Founder of OneCoin Pyramid Scheme Pleads Guilty; CoinDesk Market Index Drops

One of the founders behind OneCoin, Karl Greenwood, pleaded guilty to federal charges on Friday after one of the largest financial scams of all time, according to the U.S. Department of Justice. This article originally appeared in Crypt...
Markets
Dec. 16, 2022

First Mover Americas: Crypto Auditing Hits Snag

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Top Stories Binance’s proof-of-reserves au...
Markets
Dec. 16, 2022

Bitcoin, Ether Slip as Audit Firm Mazars Pauses Work for Crypto Clients, S&P Futures Drop

The crypto market traded weak on Friday after French audit firm Mazars, which recently did Binance's proof-of-reserves report, suspended work for crypto exchange clients and global markets traded risk-averse. Bitcoin (BTC), the leading cryptocur...
Markets
Dec. 16, 2022

Bitcoin Few Weeks Away From Its First Weekly Chart 'Death Cross'

Things could soon go from bad to worse for bitcoin (BTC) traders looking for bullish cues on technical charts. The cryptocurrency's 50-week simple moving average (SMA) is falling fast and looks set to cross below the 200-week SMA for the first t...
Markets
Dec. 15, 2022

First Mover Asia: Active Crypto Developers Decreased Nearly 60% in 2022

Good morning. Here’s what’s happening: Prices: Bitcoin and the CoinDesk Market Index turned lower, as traders started to rethink the takeaway from this week's Federal Reserve meeting. Insights: Ethereum had 192 active developers on Dec. ...
Markets
Dec. 15, 2022

Crypto Markets Today: Archblock Attempting to Bring US Banks to DeFi; Bitcoin and Ether Stall

Archblock, a core developer of unsecured lending protocol TrueFi, is working with Adapt3r, a subsidiary of alternative asset manager MJL Capital, to bring U.S.-regulated community banks to decentralized finance (DeFi). This article originall...
Markets
Dec. 15, 2022

Coinbase Introduces Recovery Tool for Lost ERC-20 Tokens: Report

U.S.-based crypto exchange Coinbase (COIN) has introduced a feature that will help customers recover more than 4,000 as-yet unsupported ERC-20 tokens sent to its ledger, according to a TechCrunch report . An ERC-20 token refers to any cryptocurr...
Markets
Dec. 15, 2022

Perplexing Tranquility? Bitcoin's Implied Volatility Hits Lowest Since October 2020

There is an uncanny sense of calm in the bitcoin ( BTC ) market despite lingering FTX contagion fears and macroeconomic uncertainty. Analysts are scrambling to explain the perplexing tranquility. Bitcoin's annualized seven-day implied volatility...
Markets
Dec. 15, 2022

First Mover Americas: Crypto Money-Laundering Bill on the Table

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Dec. 15, 2022

Telegram's No-SIM Signup Feature Helps Toncoin Rally, Bitcoin Also Higher

Messaging app Telegram recently unveiled a new privacy-boosting feature, lighting a fire under Toncoin (TON), the native token of the decentralized layer one blockchain Open Network, formerly known as Telegram Open Network. On Dec. 6, Telegram ...
Markets
Dec. 15, 2022

Cathie Wood's ARK Continues to Buy Coinbase's Dip, Adding $3.2 Million of COIN to Portfolio

ARK Invest continues to show its conviction to Coinbase by adding another $3.2 million in shares to its portfolio. The investment firm now holds 5.8 million COIN shares, with $228 million in its tech-focused ARK Innovation ETF (ARKK). This come...
Markets
Dec. 15, 2022

First Mover Asia: Bitcoin’s Strong Correlation to 'Dr. Copper' Grows Healthier; Bitcoin Seesaws Back to $17.8K

Good morning. Here’s what’s happening: Prices: Bitcoin rose early but later fell after Federal Reserve Chair Jerome Powell damped enthusiasm stemming from a less-aggressive rate hike with hawkish comments. Insights: Is Dr. Copper's recent...
Markets
Dec. 14, 2022

Crypto Markets Today: US Regulation Heats Up; Bitcoin Rises, Then Falls

U.S. Senators Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan.) are introducing a bill to crack down on money laundering and financing of terrorists and rogue nations via cryptocurrency. This article originally appeared in Crypto M...
Markets
Dec. 14, 2022

Crypto Lending Platform Maple Finance Unveils Major Overhaul, Stops Lending on Solana

Blockchain-based lending platform Maple Finance unveiled Wednesday a major protocol overhaul in an attempt to improve on shortcomings highlighted by a spate of recent loan defaults. Maple is a credit marketplace where institutional borrowers c...
Markets
Dec. 14, 2022

Bitcoin Falls as Federal Reserve Slows Rate Hikes But Stays Hawkish

The U.S. Federal Reserve on Wednesday raised interest rates by 50 basis points (0.5 percentage point) as it continues to slow the economy and moderate price increases. The decision brings the federal funds target range to 4.25%-4.5%, the highest...
Markets
Dec. 14, 2022

First Mover Americas: Binance Hits Turbulence as Withdrawals Mount

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Dec. 14, 2022

As Bitcoin, Stocks Cheer US Inflation Slowdown, One Macro Expert Calls for Caution

While bitcoin and stocks are cheering Tuesday's softer-than-expected U.S. consumer price index (CPI) print, one expert suggests slowing inflation is not a reason to buy risk assets. The CPI was 7.1% on an annual basis in November, slower than a ...
Markets
Dec. 14, 2022

Ether, Bitcoin Post Gains as Crypto Market Cheers Sam Bankman-Fried's Arrest, Inflation Data

The arrest of Sam Bankman-Fried in the Bahamas and the subsequent unsealing of a U.S. indictment against the former FTX CEO has seemingly calmed the market with ether (ETH) and bitcoin (BTC) both posting modest gains during the Asian trading ho...
Markets
Dec. 14, 2022

Bitcoin Could Drop to $10K-$12K by Q1 2023, VanEck Says

The outlook for risk assets appears bright after Tuesday's U.S. inflation report that affirmed the expected slowing of the Federal Reserve's (Fed) liquidity tightening. Bitcoin (BTC), however, could remain under pressure, as several miners are...
Markets
Dec. 14, 2022

First Mover Asia: Busan as Blockchain Hub? The Korean City Is Traveling the Wrong Path; No Bail for Bankman-Fried

Good morning. Here’s what’s happening: Prices: Bitcoin and other cryptos liked the sound of inflation slowing by more than expected in November. Insights: The South Korean city of Busan wants to be a blockchain hub, but it is forgetting a...
Markets
Dec. 13, 2022

Crypto Markets Today: Sam Bankman-Fried Hearing Tops Another Troubling Day

Former FTX CEO Sam Bankman-Fried told a Bahamas judge on Tuesday that he was not waiving his right to fight extradition to the U.S. This article originally appeared in Crypto Markets Today , CoinDesk’s daily newsletter diving into w...
Markets
Dec. 13, 2022

Crypto Market’s Near-Apocalypse in 2022 Turns Zombie Tokens Into Dead Coins

When the decentralized marketplace Storeum debuted its own freshly minted cryptocurrency in July 2019, the STO token soon grabbed traders’ attention: The STO price jumped from a few cents to an all-time high around $35 for a few days in March 2...
Markets
Dec. 13, 2022

Binance's CZ Welcomes 'Stress Test' as Exchange Resumes USDC Withdrawals

Changpeng "CZ" Zhao, founder and CEO of exchange giant Binance, welcomed the “stress test” of withdrawals on his exchange, addressing the surging user redemption requests from the platform in a tweet on Tuesday. “Business as usual for us,” CZ sa...
Markets
Dec. 13, 2022

Silvergate Shares Drop to Fresh 2-Year Low Amid FTX Testimony

Shares of crypto-friendly bank Silvergate (SI) dropped 14% over the past 24 hours, hitting a new two-year low and underperforming most crypto assets on Tuesday as new FTX CEO John J. Ray III testifies before the House Financial Services Committee...
Markets
Dec. 13, 2022

Algorand Rises After Italy Selects Blockchain Protocol for Digital Guarantees Platform

Blockchain Protocol Algorand ( ALGO ) was up about 3% on Tuesday, as the layer 1 technology was selected to be the blockchain to support a digital guarantees platform in Italy. ALGO was trading at around $0.223 at the time of writing, according ...
Markets
Dec. 13, 2022

Bitcoin Jumps After U.S. CPI Report Shows Slower-Than-Expected November Inflation

The U.S. consumer price index (CPI) rose 0.1% in November from the month prior, slowing more than expected from October’s 0.4% pace, in a sign of progress in the Federal Reserve's campaign to bring down soaring inflation. On an annual basis, the...
Markets
Dec. 13, 2022

First Mover Americas: Bankman-Fried Arrested in Bahamas

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Dec. 13, 2022

Citi Downgrades Robinhood, Says FTX Fallout Will Weigh on Crypto Trading Revenue

Robinhood Markets (HOOD) faces potential headline risk from imminent SEC market structure proposals, a cautious stock market outlook and potential fallout from the FTX collapse hitting crypto trading revenue, Citi (C) said in a research report ...
Markets
Dec. 13, 2022

Bitcoin Hits One-Month High Ahead of US Inflation Data

Bitcoin (BTC) rose on Tuesday as investors braced for crucial U.S. data likely to show that the consumer price index (CPI) growth is slowing in response to Federal Reserve's (Fed) aggressive liquidity tightening. The leading cryptocurrency neare...
Markets
Dec. 13, 2022

Goldman Sachs Sees Gold Outperforming Bitcoin in the Longer Term

Bitcoin’s (BTC) value proposition is based on the cryptocurrency’s potential usefulness, and its level of future adoption, therefore, is more sensitive to changes in interest rates – or has a longer duration – than gold, Goldman Sachs (GS) said...
Markets
Dec. 13, 2022

Cumberland Favors Bitcoin Option Trades to Profit From US CPI

The U.S. Bureau of Labor Statistics is scheduled to release the all-important Consumer Price Index (CPI) figures for November at 8:30 a.m. ET (13:30 UTC) on Tuesday. If the inflation report comes hot, risk assets, including bitcoin (BTC), may fa...
Markets
Dec. 13, 2022

Justin Sun Looks to Calm Crypto Market Fear as BNB Falls 8%, Withdrawals Continue on Binance

A general sense of unease about the health of Binance continued through the market during the Asian trading hours on Tuesday. Part of the market’s anxiety over Binance likely came from reports that Tron’s Justin Sun withdrew a combined $50 m...
Markets
Dec. 13, 2022

Binance Withdrawals Surge as Concerns About Its Reserve Report Spook Traders

Binance, the world’s largest crypto exchange by trading volume, endured a wave of withdrawals on Monday amid concerns about its proof of reserve report. Net outflows, the difference between the value of assets arriving and leaving the exchange, ...
Markets
Dec. 12, 2022

First Mover Asia: QCP Capital Founder Sees Crypto Industry’s Immediate Future Tied to Genesis Debacle, Expects Rebound in 2024

Good morning. Here’s what’s happening: Prices: Bitcoin returned to its perch comfortably above $17,000 after dipping earlier in the day amid a news report that Binance was the subject of a U.S. federal probe. Insights: QCP Capital founder...
Markets
Dec. 12, 2022

Crypto Markets Today: Binance a Target of Federal Probe

U.S. prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reported, citing two people. This article originally appeared in Crypto Markets...
Markets
Dec. 12, 2022

First Mover Americas: Cathie Wood’s Ark Buys More COIN; Do Kwon is in Serbia

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Dec. 12, 2022

Tron's USDD Stablecoin Falls to Under $0.97, Lowest Level Since June

The Tron network's algorithmic stablecoin decentralized USD's (USDD) search for a stable U.S. dollar peg continues even as the broader crypto market holds steady in the face of widening FTX contagion. The stablecoin championed by Tron's founder ...
Markets
Dec. 12, 2022

Maple Finance's $54M of Sour Debt Shows Risks of Crypto Lending Without Collateral

The blockchain-based lending protocol Maple Finance started in May 2021 with a bold concept: Build a decentralized credit marketplace for cryptocurrencies, where lenders and borrowers could come together. Unlike many other decentralized finan...
Markets
Dec. 11, 2022

First Mover Asia: Uniswap ‘Fee Switch’ Proposal for Popular Ether Pools Stirs Up Community Debate

Good morning. Here’s what’s happening: Prices: Bitcoin was trading steady over $17K as investors awaited the latest Consumer Price Data and U.S. central bank interest rate decision. Insights: Uniswap's governance proposal to pilot turning...
Markets
Dec. 09, 2022

Crypto Markets Today: Exposed Alameda Research Loans to Media Site The Block and Its CEO Adds to FTX’s Miseries

Crypto media site The Block was secretly funded over the last two years by Sam Bankman-Fried’s Alameda Research, according to a report by Axios . The Block confirmed the report on Friday . This article originally appeared in Crypto Mark...
Markets
Dec. 09, 2022

AI-Related Tokens Surge as Maple, Ren Fall: CoinDesk Market Index Week in Review

Fetch.ai ( FET ), a blockchain-based project focused on artificial intelligence (AI), was the top performer this week among the 167 digital assets in the CoinDesk Market Index (CMI). The FET token’s price has jumped from 6 cents at the start...
Markets
Dec. 09, 2022

First Mover Americas: It’s Time to Come Clean About Those Crypto Losses

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Dec. 09, 2022

Grayscale, Under Pressure as GBTC Discount Widens, Says DeFi Fund Now Trading

Grayscale Investments, manager of the world’s biggest publicly-traded bitcoin fund, said a new decentralized finance (DeFi) fund has started trading on over-the-counter markets. The trading debut for the new fund, under the symbol “DEFG,” comes ...
Markets
Dec. 09, 2022

FTX Revival Proposal Supported by Sam Bankman-Fried Lifts FTT Token

FTT, the native cryptocurrency of the now-bankrupt FTX crypto exchange, surged Friday after the platform's founder Sam Bankman-Fried came out in support of an exchange revival plan proposed by a crypto influencer Ran Neuner. "I continue to think...
Markets
Dec. 09, 2022

First Mover Asia: Tokocrypto Token Holders Benefit From Reports of Binance Acquiring the Indonesian Exchange

Good morning. Here’s what’s happening: Prices: Bitcoin's late surge sends it above $17K again. Insights: Tokocrypto would not confirm reports that Binance is acquiring the Indonesia exchange. In the interim, Tokocrypto token holders are s...
Markets
Dec. 08, 2022

Crypto Markets Today: Record Grayscale Bitcoin Trust Discount Widens Industry Woes

Shares of the world’s largest bitcoin fund, Grayscale Bitcoin Trust (GBTC), hit a record-high discount rate of nearly 50% relative to the price of bitcoin ( BTC ) on Thursday. This article originally appeared in Crypto Markets Today ...
Markets
Dec. 08, 2022

Grayscale Bitcoin Trust Discount Widens to Record High Near 50%

Shares of the world’s largest bitcoin fund, Grayscale Bitcoin Trust (GBTC), hit a record high discount rate of nearly 50% relative to the price of bitcoin on Thursday. GBTC is a way for investors to gain exposure to bitcoin through a traditional...
Markets
Dec. 08, 2022

2022 – Crypto Markets: A Year in Review

It’s no secret that 2022 has been a difficult year for global markets. The US Stock Market has fallen over 15%, bond markets have fallen over 20% and crypto markets have fallen over 50% from their peak in 2021. Early in 2022, central banks arou...
Markets
Dec. 08, 2022

First Mover Americas: Mr. Bankman-Fried Must Go to Washington

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Dec. 08, 2022

Ether Breaks Trendline From Previous Bear Cycle Lows

The bear market in ether (ETH) is forecast to intensify as the cryptocurrency has dipped below pivotal support. Ether, the second-largest cryptocurrency by market value, fell 17% last month, breaching an ascending trendline connecting June and O...
Markets
Dec. 08, 2022

Crypto Options Exchange Deribit Registered Record Trading Volume in November

Deribit, the world's largest crypto options exchange, has been busier than ever. The number of ether (ETH) options contracts traded rose 10% in November relative to October, reaching a record high of 8.9 million. Trading volume in bitcoin (BTC) ...
Markets
Dec. 07, 2022

First Mover Asia: Here’s What Might Happen to Sino Global’s Liquid Value Fund During FTX’s Bankruptcy Protection Proceedings

Good morning. Here’s what’s happening: Prices: Bitcoin and other cryptos sink some, but not enough to disturb the calm of the past 10 days. Insights: How will the fallout from FTX affect Sino Global's Liquid Value Fund? Prices ...
Markets
Dec. 07, 2022

Crypto Markets Today: Gensler Restates SEC’s Crypto Authority

U.S. Securities and Exchange Commission Chairman Gary Gensler isn’t waiting for new powers from Congress to enforce securities laws against crypto companies, though he said Wednesday that it would be good to have more money and additional reach...
Markets
Dec. 07, 2022

First Mover Americas: Grayscale in Investor's Crosshairs

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Dec. 07, 2022

Chainlink Staking Opens With Initial $51 Million Inflow

Chainlink, a provider of price feeds and other data for blockchains to use in smart contracts , introduced staking of its native token LINK on Tuesday, and selected holders locked 7 million tokens, valued at about $51 million, in the first 30 ...
Markets
Dec. 07, 2022

Rally in Crypto Game Axie's AXS Token Faces Skepticism From Derivative Traders

AXS, the native token of the blockchain-based play-to-earn game Axie Infinity, has come out of oblivion this week with a double-digit price rally. Leverage traders appear skeptical if AXS' turnaround from 17-month lows would be long-lasting. Th...
Markets
Dec. 07, 2022

First Mover Asia: Bitcoin Holds Its $17K Perch Amid Rate Hike Concerns

Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major cryptos traded sideways, albeit slightly to the green. Insights: Asia is ready for a scaled-up, crypto-friendly bank. Prices Bitcoin Watches and Waits Fro...
Markets
Dec. 07, 2022

Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance

Smart contract auditing platform Sherlock predicted a $4 million loss for its stakers, about a third of the capital in its staking pool, because of Orthogonal Trading FTX-induced loan defaults on crypto lending protocol Maple Finance, the fir...
Markets
Dec. 06, 2022

Crypto Markets Today: Fir Tree Suit Against Grayscale Adds to Industry’s Growing Woes

Hedge fund Fir Tree is suing crypto investment firm (and CoinDesk sister company) Grayscale to obtain details about its flagship Grayscale Bitcoin Trust (GBTC), in order to investigate potential mismanagement and conflicts of interest , accordin...
Markets
Dec. 06, 2022

Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent

Rifts have emerged between defaulted crypto trading firm Orthogonal Trading and its own lending unit, Orthogonal Credit, after an apparent default on some $36 million of loans on the blockchain-based lending platform Maple Finance. On Monday, ...
Markets
Dec. 06, 2022

Bitcoin Underperforms S&P 500 as Stocks Have Overshot Fundamentals, Crypto Trading Firm QCP Says

While some expect bitcoin (BTC) to catch up with the recent rally in stocks, Singapore-based crypto options trading firm QCP Capital suggests otherwise. According to QCP Capital, stocks have overtaken fundamentals and could soon fall back. ...
Markets
Dec. 06, 2022

First Mover Americas: Goldman to Spend Big on Crypto Post-FTX

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Dec. 06, 2022

Bitcoin's Stagnant Crypto Dominance Points to Investor Exodus After FTX Bankruptcy

There is plenty of fear in the crypto market since Sam Bankman Fried's digital assets exchange, FTX, went bust , so much so that digital assets have decoupled from the risk revival in traditional markets. Yet bitcoin's (BTC) dominance rate or...
Markets
Dec. 06, 2022

First Mover Asia: Bitcoin Falls on Inflation Fears but Continues Its Ride Above $17K

Good morning. Here’s what’s happening: Prices: Bitcoin and other crypto prices fall along with other riskier assets amid concerns the U.S. economy isn't slowing enough. Insights: Is Taiwan's technology manufacturer HTC betting too much on...
Markets
Dec. 06, 2022

Ether Turns Inflationary as Network Usage Slows

Ether's deflationary narrative has ended at least temporarily. Data from ultrasound.money shows ether ( ETH )’s net issuance – the annualized inflation rate – has risen to 0.07% – after previously dropping below zero amid market volatility ...
Markets
Dec. 05, 2022

DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens

Insurance alternative Nexus Mutual is expecting to take a loss on its investment in a credit pool on Maple Finance, a large decentralized lending platform, according to a statement released Monday. Nexus warned about a potential loss of 2,46...
Markets
Dec. 05, 2022

Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin Declines

Blockchain-based lending platform Maple Finance severed ties with crypto firm Orthogonal Trading , alleging it was "misrepresenting its financial position." The move is yet more fallout from the implosion of the FTX crypto exchange. This arti...
Markets
Dec. 05, 2022

Crypto.com’s CRO Surges as it Launches World Cup NFTs with Coca-Cola

Crypto.com ’s CRO token ( CRO ) is gaining Monday on the back of news that the exchange is teaming up with Coca-Cola to launch a series of non-fungible tokens (NFTs) celebrating the 2022 FIFA World Cup in Qatar. CRO climbed as much as 10% after...
Markets
Dec. 05, 2022

Maple Finance Severs Ties With Orthogonal Trading, Alleging It Misrepresented Financial Position

Maple Finance, one of the largest unsecured credit platforms, said it decided to severe ties with crypto firm Orthogonal Trading, alleging that the firm was "misrepresenting its financial position" and its ability to repay a loan from the proto...
Markets
Dec. 05, 2022

First Mover Americas: Axie Infinity's Token Takes Off

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Mar...
Markets
Dec. 05, 2022

Minting of Reddit Avatar Tokens Climbed to Record High Over Weekend

Collectible Avatars, a set of art tokens based on the Polygon blockchain by social network Reddit, set a minting record of over 255,000 unique avatars on Saturday, data queried by Dune Analytics shows. The figures eclipsed the previous high, 200...
Markets
Dec. 05, 2022

Bitcoin Lags as Unwinding of 'Fed Trade' Lifts US Stocks Above 200-Day Average

Unless you have been underwater for over a year, you probably know that selling risk assets like U.S. stocks and bitcoin (BTC) and buying the U.S. dollar against the Japanese yen (JPY) have been some of the most popular macro bets since the start...
Markets
Dec. 05, 2022

First Mover Asia: Bitcoin Hovers Near $17.3K, but Does It Have Staying Power?

Good morning. Here’s what’s happening: Prices: Bitcoin clung to its most recent perch comfortably above $17K, as investors continue to look hopefully at a more dovish U.S. central bank. Insights: DeFi total value locked continued its rec...
Markets
Dec. 02, 2022

Crypto Markets Today: Galaxy Digital Expands Brokerage Services With GK8 Acquisition

Mike Novogratz's cryptocurrency-focused, financial-services firm Galaxy Digital has won an auction to buy self-custody platform GK8 from embattled crypto lender Celsius Network , Galaxy said in a press release Friday. This article originally ...
Markets
Dec. 02, 2022

Bitcoin Slips as US Economy Added a Strong 263K Jobs in November

Employers added 263,000 jobs in November, down from an upwardly revised 284,000 in October but topping expectations of 200,000 as the U.S. economy continues to show signs of strength. The unemployment rate remained at 3.7%, inline with expectatio...
Markets
Dec. 02, 2022

First Mover Americas: Bitcoin Stays Near $17K Ahead of Jobs Report

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market ...
Markets
Dec. 02, 2022

Dogecoin's Bitcoin-Beating Bounce May Be Bad News for the Market

While bitcoin ( BTC ) and the broader crypto market seem to have found a footing despite the heightened credit risk faced by major industry players in the wake of FTX's collapse, there's still one factor that suggests the downtrend isn't over. M...
Markets
Dec. 02, 2022

DeFi Protocol Ankr Exploited for Over $5M

DeFi protocol Ankr, which called itself the first ‘node-as-a-service’ platform, has suffered a multi-million dollar exploit due to a bug in its code that allowed for unlimited minting of its token. Our analysis shows the $aBNBc token contract...
Markets
Dec. 02, 2022

First Mover Asia: Cryptos' Short Win Streak Ends as Investors Remain Cautious

Good morning. Here’s what’s happening: Prices: Bitcoin and ether traded down slightly to break a three-day streak of gains, although the largest crypto in market value continued to change hands near $17,000. Insights: An IEO at crypto exc...
Markets
Dec. 01, 2022

Crypto Markets Today: CFTC Chair Proposes Pause to Overhaul Digital Commodities Consumer Protection Bill

The collapse of crypto exchange FTX might not have happened if the firm was under the Commodity Futures Trading Commission's watch, the agency's head argued Thursday. This article originally appeared in Crypto Markets Today , CoinDesk...
Markets
Dec. 01, 2022

November Jobs Report Due Friday as the Fed's Powell Confirms Slower Pace of Rate Hikes

Speaking Wednesday at a Brookings Institution event , Federal Reserve Chair Jerome Powell more or less confirmed what has been suggested for weeks – that this month the central bank was going to ratchet back the pace of interest rate hikes from ...
Markets
Dec. 01, 2022

MakerDAO Community Votes to Hike DAI Rewards to 1%

The community of MakerDAO , one of the largest decentralized finance (DeFi) protocols, voted to increase the rewards rate for its DAI stablecoin to 1%. Some 71% of voters favored a 1% hike, the highest available option, during the voting, wh...
Markets
Dec. 01, 2022

CME Group Teaming With CF Benchmarks for 3 New DeFi Rates and Indices

Derivatives marketplace Chicago Mercantile Exchange (CME) and cryptocurrency index provider CF Benchmarks this month will introduce reference rates and real-time indices for aave ( AAVE ), curve ( CRV ) and aynthetix ( SNX ), the two said in Th...
Markets
Dec. 01, 2022

There’s Still Investment Opportunity After the Fall of FTX

Crypto investors still have a lot to be thankful for as 2022 comes to a close – but it’s difficult to ignore the obvious... That being the collapse of crypto exchange FTX and the contagion it continues to spread across the industry , made evide...
Markets
Dec. 01, 2022

First Mover Americas: Crypto's November Fall

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market ...
Markets
Dec. 01, 2022

Bitcoin's Price Action is Encouraging, Yet it May Not Signal Bottom: Traders

It's winter out there in the real word and the digital assets market, yet c rypto twitter is going bottom fishing. And why not, as bitcoin (BTC), the leading cryptocurrency by market value, has recently bounced 10% to over $17,000 despite linge...
Markets
Dec. 01, 2022

First Mover Asia: Bitcoin Rises Again on US Fed Chair's Moderate Remarks

Good morning. Here’s what’s happening: Prices: Crypto markets and other assets liked the sound of a more moderate approach to U.S. monetary policy as Fed Chair Jerome Powell's suggested that the central bank would boost interest rates by onl...
Markets
Nov. 30, 2022

Crypto Markets Today: Kraken Becomes the Latest Industry Giant to Cut Its Workforce

Crypto exchange Kraken is laying off 30% of its global staff – around 1,100 people – in response to the crypto market downturn, the company said Wednesday. This article originally appeared in Crypto Markets Today , CoinDesk’s daily ...
Markets
Nov. 30, 2022

Crypto's Ugly November Draws to Close With ‘Sam Coins’ in Gutter, Bitcoin Down 18%

The rapid collapse of billionaire-turned-scourge Sam Bankman-Fried's crypto empire will likely be remembered for posterity as one of the blockchain industry's worst-ever episodes, and nowhere was that more evident than in the performance of dig...
Markets
Nov. 30, 2022

Fed Likely to Raise Rates by 50 Basis Points in December; Bitcoin Jumps

WASHINGTON D.C. – In its eighth and final meeting of 2022, the Federal Reserve will likely raise interest rates by another 50 basis points, or 0.5 percentage point, Fed Chair Jerome Powell implied Wednesday. The previous four Fed rate hikes were ...
Markets
Nov. 30, 2022

Crypto Trader Auros Global Misses Payment on DeFi Loan As FTX Contagion Spreads

Auros Global, a crypto trading firm, is the latest to face liquidity problems following the FTX collapse as it missed payment Wednesday on a decentralized finance (DeFi) loan. The firm borrowed 2,400 of wrapped ether (wETH), worth about $3 mil...
Markets
Nov. 30, 2022

First Mover Americas: Coinbase Wallet Ditches 4 Tokens

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Top Stories Coinbase Wallet has said i...
Markets
Nov. 30, 2022

Crypto Exchange Binance Sees Biggest Inflow of SHIB Tokens Since February

Binance received large amounts of shiba inu (SHIB) tokens on Tuesday, raising speculation of a price drop because large transfers of a cryptocurrency to an exchange is often a prelude to a sale. The exchange registered a net inflow of over 1.8 ...
Markets
Nov. 30, 2022

Perpetuals-Focused Decentralized Exchange GMX Surpasses Uniswap in Daily Fees Earned

Decentralized exchange GMX has evolved as a serious competitor to established industry players like Uniswap in the wake of FTX's collapse . On Monday, GMX earned $1.15 million in trading fees, surpassing Uniswap's $1.06 million for the first ti...
Markets
Nov. 30, 2022

First Mover Asia: Bitcoin Climbs Toward $17K Despite Investor Unease

Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major cryptocurrencies swung upward despite ongoing concerns about FTX fallout and macroeconomic uncertainties. Insights: Grayscale's other digital asset trusts don't...
Markets
Nov. 29, 2022

Crypto Markets Today: Huobi’s HT Token Climbs After Exchange Discloses Airdrop

Huobi Global’s HT token jumped after the cryptocurrency exchange said it would airdrop a new digital token to be issued by the Caribbean island nation of Dominica. This article originally appeared in Crypto Markets Today , CoinDesk’...
Markets
Nov. 29, 2022

Huobi Token Surges After Crypto Exchange Discloses Airdrop of Dominica Coin

Huobi Global’s HT token jumped in digital-asset markets Tuesday after the cryptocurrency exchange said it would airdrop to users a new digital token to be issued by the Caribbean island of Dominica. Huobi said the new “Dominica coin,” or DMC, wi...
Markets
Nov. 29, 2022

DeFi Lender Compound Tightens Borrow Limits After Aave Exploit Attempt

Decentralized lending protocol Compound Finance passed a proposal to impose loan limits and introduce new borrowing caps to lower risk on its platform. The community voted overwhelmingly in favor of introducing or lowerong the maximum borrowin...
Markets
Nov. 29, 2022

First Mover Americas: BlockFi the Latest Chapter (11) in FTX Saga

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market ...
Markets
Nov. 29, 2022

First Mover Asia: Ethereum Isn’t WETH or stETH. But Jokes Still Move Markets

Good morning. Here’s what’s happening: Prices: Crypto prices rally late, despite crypto lender BlockFi filing for bankruptcy protection and ongoing protests in China over Covid restrictions. Insights: What's the price of irreverence on cr...
Markets
Nov. 28, 2022

Crypto Markets Today: BlockFi Files for Bankruptcy Protection, MakerDAO Rejects $500M Proposal to Invest in Bonds and BTC Slides

Crypto lender BlockFi filed for bankruptcy protection Monday, indicating it hoped to restructure, continuing operations in the meantime. This article originally appeared in Crypto Markets Today , CoinDesk’s daily newsletter diving i...
Markets
Nov. 28, 2022

DeFi Giant MakerDAO Holds Voting on Hiking DAI Stablecoin Rewards

DeFi giant MakerDAO 's community is voting on increasing the annual reward for its DAI stablecoin up to 1%. Community members are casting their ranked-choice vote through Dec. 1 to hike the so-called DAI Savings Rate to 1%, 0.75%, 0.5%, 0.25%...
Markets
Nov. 28, 2022

Wrapped Bitcoin Trades at Discount Amid Market Contagion

The market contagion from crypto exchange FTX’s swift collapse has spread to a key digital asset: wrapped bitcoin, a widely traded clone of the largest cryptocurrency. According to a new report from crypto analysis firm Kaiko, wrapped bitcoin ...
Markets
Nov. 28, 2022

Buy the Dip, Sell the Bounce: Crypto Funds See Biggest Outflows in 12 Weeks

Crypto funds saw the biggest week of outflows in three months as negative sentiment pervades digital-asset markets following the collapse of Sam Bankman-Fried’s FTX exchange and contagion to other firms. Outflows for crypto investment products t...
Markets
Nov. 28, 2022

MakerDAO Community Rejects CoinShares Proposal to Invest Up to $500M in Bonds

The MakerDAO community rejected a proposal to use up to $500 million of the stablecoin USDC to invest in bonds with crypto investment firm CoinShares. CoinShares had proposed to manage between 100 million and 500 million USDC and actively inve...
Markets
Nov. 28, 2022

First Mover Americas: Bahamas on Defense After FTX's Collapse

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk...
Markets
Nov. 28, 2022

Centralized Crypto Exchanges Will Remain Dominant Despite FTX Collapse: JPMorgan

Centralized exchanges will continue to control a majority of global digital asset trading volumes, JPMorgan said, contradicting some crypto-native experts anticipating a structural shift toward decentralized platforms in the wake of FTX's collaps...
Markets
Nov. 28, 2022

Ether Drops As Whale Moves 73K ETH to Binance

Ether (ETH) traded weak early Monday amid reports of large cryptocurrency transfers to Binance. The native token of Ethereum's blockchain fell nearly 4% to $1,170, CoinDesk data show. A whale address moved 73,224 ETH, worth $85.67 million, to ...
Markets
Nov. 27, 2022

First Mover Asia: Dogecoin Surges 16% to Continue Its Holiday Cheer

Good morning. Here’s what’s happening: Prices: Dogecoin soared more than 16% over the past 24 hours and is up more than 50% since last Tuesday. Insights: Ethereum Name service selects Karpatkey DAO to manage Its endowment fund Prices ...
Markets
Nov. 25, 2022

First Mover Americas: Binance Increases Recovery Fund, wBTC Loses Its Peg

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market ...
Markets
Nov. 25, 2022

Matrixport Favors 'Systematic Bitcoin Call Overwriting' Strategy for 2023

One of the best ways to participate in the crypto market next year is by consistently offering insurance against a bitcoin (BTC) price rally, according to crypto services provider Matrxiport. The strategy, known as systematic call option overw...
Markets
Nov. 25, 2022

First Mover Asia: Bitcoin Stays Calm at $16.5K

Good morning. This is an abbreviated version of First Mover Asia, since the team is out of the office today for a CoinDesk company holiday in the U.S. Here’s what’s happening: Prices: Bitcoin holds its $16,500 perch as the U.S. Thanksgiving ...
Markets
Nov. 24, 2022

First Mover Americas: Binance.US to Bid for Voyager

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market ...
Markets
Nov. 24, 2022

No Let-Up in Demand for Bitcoin, Ether Puts After Dovish Fed Minutes

U.S. Federal Reserve (Fed) policy and macroeconomic factors are no longer the focal points for crypto traders. That's the message from the derivatives market, which shows no signs of a let-up in demand for puts, or bearish bets, tied to bitcoin ...
Markets
Nov. 24, 2022

First Mover Asia: Cryptos Fly Higher as U.S. Turkey Day Holiday Approaches

Good morning. Here’s what’s happening: Prices: A day before the U.S. Thanksgiving weekend, bitcoin was trading up more than 2%. Insights: The CEO of crypto lending and borrowing platform Hexn.io , believes recent crypto debacles will ...
Markets
Nov. 23, 2022

Market Wrap: Who Transferred 10K Bitcoin From Wallet Linked to the Failed BTC-e Exchange?

A crypto wallet attributed to the BTC-e exchange that's been linked to the 2014 Mt. Gox hack burst into life Wednesday with its largest transaction since August 2017 , sending a total of 10,000 bitcoin, worth around $165 million, to two unidenti...
Markets
Nov. 23, 2022

Bitcoin Jumps Briefly After Fed Minutes Show Officials Favor Slower Rate Hikes

Bitcoin ( BTC ) briefly jumped about 1% after minutes from the Federal Reserve’s November meeting showed that the majority of central bankers prefer a slower pace of rate hikes going forward. “A substantial majority of participants judged that a...
Markets
Nov. 23, 2022

FTX Contagion Revives Dreaded 2022 Crypto Knell – The ‘Withdrawal Halt’

In the crypto industry in 2022, the phrase "halting withdrawals" is like black smoke billowing out of a building. Damage is certain. Technically it means that a crypto exchange or lender has gated customers from being able to get their money or ...
Markets
Nov. 23, 2022

Bitcoin Clings to $16K Ahead of Fed Minutes

Bitcoin held its $16,000 ground as traders anticipated the expected release at 2 p.m. ET (19:00 UTC) of minutes from the Federal Reserve's last monetary-policy meeting . The minutes might hold clues on the pace of future interest rates, a key f...
Markets
Nov. 23, 2022

First Mover Americas: FTX’s First Hearing, Genesis Seeks Help

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Ma...
Markets
Nov. 23, 2022

Pre-Halving Rally? Litecoin Surges 43% to 6-Month High

Litecoin (LTC) is shining brightly amid the FTX-induced chaos in the crypto market. And the cryptocurrency's outperformance perhaps stems from an impending positive change in its supply dynamics. CoinDesk data show LTC has rallied over 43% fro...
Markets
Nov. 23, 2022

First Mover Asia: Bitcoin Holds Firm Over $16K After Tracking Stocks Upward

Good morning. Here’s what’s happening: Prices: Bitcoin regained its grip over 16K after dipping to a two-year low earlier in the week. Insights: Changpeng Zhao and Elon Musk have been pointed in recent comments about FTX and the rapidly ...
Markets
Nov. 22, 2022

Market Wrap: FTX Was Sam Bankman-Fried’s 'Personal Fiefdom,' Lawyers Said

FTX lawyers at the company’s first bankruptcy hearing in Delaware detailed its “abrupt and difficult” collapse within the course of two weeks – shortly after CoinDesk’s Ian Allison reported that Alameda Research, a sister company of the FTX c...
Markets
Nov. 22, 2022

Mango Exploiter Gets Liquidated After Roiling Aave Using $20M of Borrowed Curve Tokens

A well-known crypto trader linked to last month’s $114 million Mango Markets exploit is at it again – but this time appears to have gotten hung up. The trader, identified on Twitter and tagged by blockchain analysts as Avraham Eisenberg, borro...
Markets
Nov. 22, 2022

Bitcoin Regains $16K, But Analysts Are Still Bearish

Bitcoin turned green Tuesday, coinciding with the news that noted investor Cathie Wood's Ark Investment Management bought $1.5 million in Grayscale's Bitcoin Trust (GBTC) shares. Bitcoin ( BTC ) was recently trading at about $16,100, up 0.9% i...
Markets
Nov. 22, 2022

Saudi Arabia’s NFT Collection Soars After Unexpected Soccer Win Against Argentina

We’re only a few days into the FIFA World Cup in Qatar, but fans are already betting on who will make it far in this year's tournament – and right now, Saudi Arabia seems to be a popular choice in the crypto industry. Sales for the Saudi Arabia-...
Markets
Nov. 22, 2022

First Mover Americas: Bitcoin Drops as FTX Fallout Spreads

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Mar...
Markets
Nov. 22, 2022

Curve's CRV Token Turns Volatile As Exchange Balance Hits Record High

CRV, the governance token of decentralized exchange Curve, has turned volatile amid a surge in the number of coins held at centralized trading platforms. The token dropped 17% to a two-year low of $0.40 early Tuesday before erasing the losses wi...
Markets
Nov. 22, 2022

Bitcoin to Outperform Ether in Coming Months, Chart Analyst Says

As bitcoin (BTC) and ether (ETH) look south amid lingering FTX contagion fears, one chart analyst expects BTC, the leading cryptocurrency by market value, to stay relatively resilient. "We expect bitcoin to outperform in the coming months," ...
Markets
Nov. 22, 2022

First Mover Asia: Bitcoin Falls to 2-Year Low on Renewed Contagion Fears

Good morning. Here’s what’s happening: Prices: Bitcoin fell to a fresh two-year low as crypto traders speculated over the future of Genesis Global, a victim of the fallout from the recent collapse of Sam Bankman-Fried's FTX exchange. Insig...
Markets
Nov. 21, 2022

Market Wrap: Crypto Markets Nervous as the FTX Collapse Dents Institutional Confidence

Crypto markets wobbled on Monday, with major assets feeling continuing nervousness over the potential for further market contagion following the collapse of the FTX exchange. In a story reported by Omkar Godbole , bonds issued by crypto exchang...
Markets
Nov. 21, 2022

Investors Short Crypto Assets as Industry Scrutiny Intensifies

Crypto investors allocated the majority of their assets in short investment products last week, signaling “deeply negative” sentiment for digital currencies amid the recent bankruptcy of crypto exchange FTX. Short investment products, which bet ...
Markets
Nov. 21, 2022

Coinbase Shares Sink to All-Time Low

Shares of the U.S.-based cryptocurrency exchange Coinbase (COIN) hit their lowest price since going public in April 2021. COIN dropped to $40.62 on Monday, down 10% today and 39% in the month of November as investors retreated from digital ass...
Markets
Nov. 21, 2022

FTX Exploiter Transfers $200M in Ether to Various Crypto Wallets

The mysterious crypto looter who drained at least $400 million digital assets from bankrupt crypto exchange FTX is on the move again. Blockchain data from Etherscan shows that a crypto account associated with the FTX exploiter moved a total of 1...
Markets
Nov. 21, 2022

Bernstein: Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global

The Grayscale Bitcoin Trust (GBTC) is drawing market attention after sister company Genesis Global Capital said its lending unit would halt customer withdrawals as a result of fallout from the collapse of Sam Bankman-Fried’s FTX crypto empire , ...
Markets
Nov. 21, 2022

First Mover Americas: FTX Faces Whopping Claims, Ackman's Hot for Helium

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market ...
Markets
Nov. 21, 2022

More Than 50% of Bitcoin Addresses Are Now in Loss

Most addresses holding bitcoin, the largest cryptocurrency, are now losing money, the first time that's happened since the start of the coronavirus-induced crash of March 2020. Just over 51%, or 24.56 million addresses of the total 47.85 millio...
Markets
Nov. 21, 2022

Coinbase, MicroStrategy Bonds Tank as FTX Collapse Dents Institutional Confidence in Crypto

Bonds issued by cryptocurrency exchange Coinbase (COIN), and MicroStrategy (MSTR), a business-intelligence company and investor in bitcoin, have slumped as investor confidence in the industry slid in the wake of FTX's collapse . Coinbase's bond...
Markets
Nov. 21, 2022

First Mover Asia: Cryptos Dive Deep Into the Red

Good morning. Here’s what’s happening: Prices: Bitcoin slumped nearly 3%, but held well above its recent $16K support; other major cryptos dive more deeply. Insights: CoinDesk reporter Sam Reynolds looks toward a post FTX future. The ind...
Markets
Nov. 18, 2022

Market Wrap: Investors Continue to Learn More About FTX's Mismanagement

In an essay for CoinDesk , Francine McKenna, a journalist and lecturer in financial accounting at the University of Pennsylvania’s Wharton School, laid out a series of missteps in FTX's auditing process. This article originally appeared in ...
Markets
Nov. 18, 2022

Wall Street Banks Seen as Unlikely Saviors as Crypto Firms Struggle

It took years for the crypto industry to gain trust – and capital – from the major institutional players on Wall Street. And just as more big traditional players seemed on the cusp of making a move into fast-growing blockchain markets, the messy...
Markets
Nov. 18, 2022

‘Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads

Shares of the Grayscale Bitcoin Trust (GBTC), the world’s largest publicly traded crypto fund, are trading at a new record discount of 43% relative to the price of the underlying bitcoin ( BTC ). Crypto analysts are speculating as to the reaso...
Markets
Nov. 18, 2022

Sports Fan Tokens Rally Ahead of FIFA World Cup, Defying Crypto Market Gloom

Through the doom and gloom of FTX-stricken crypto markets, sports fan tokens are basking in a fresh wave of hype ahead of the FIFA World Cup 2022, which starts Sunday. The native token of the Chiliz blockchain ( CHZ ), which powers the largest s...
Markets
Nov. 18, 2022

Bitcoin Holds Fast Over 16K, but Crypto Winter Could Be Prolonged

Bitcoin held steady over its most recent $16,000 support for a 10th consecutive day, even as contagion triggered by the collapse of FTX widened. Bitcoin ( BTC ) was recently trading at around $16,600 Friday, roughly unchanged over the past 24 ...
Markets
Nov. 18, 2022

First Mover Americas: FTX's Troubles in Paradise

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Nov. 18, 2022

First Mover Asia: Bitcoin Won't Budge. Cryptos Ignore the FTX Chaos for Another Day

Good morning. Here’s what’s happening: Prices: Bitcoin continued to trade sideways and hold comfortably above its $16,000 support. Insights: FTX's failure has parallels to energy company Enron's massive bankruptcy two decades ago, includi...
Markets
Nov. 17, 2022

Market Wrap: Crypto Respond Sideways to FTX and related crises

Investors and other interested crypto parties had a landscape of industry devastation to survey on Thursday – FTX related and otherwise. This article originally appeared in Market Wrap , CoinDesk’s daily newsletter diving into what ha...
Markets
Nov. 17, 2022

FTX Collapse Leaves Total Crypto Market Cap Under $800B, Close to 2022 Low

With investor confidence in cryptocurrencies ebbing as a result of the collapse of Sam Bankman-Fried’s FTX exchange, the total market capitalization of digital assets has fallen this month below $800 billion, a level not seen since early 2021, ac...
Markets
Nov. 17, 2022

Bitcoin Holds Steady Over $16K Amid Widening FTX Fallout

Bitcoin was trading sideways Thursday, despite a growing rush of companies admitting exposure to embattled crypto exchange FTX and its sibling company, Alameda Research. On Wednesday, the lending arm of Genesis Global Capital joined the list...
Markets
Nov. 17, 2022

Crypto Exchanges Binance and OKX Suspend Support for Solana Versions of USDT, USDC Stablecoins

Binance and OKX suspended support for the Solana blockchain versions of the two largest stablecoins – Circle’s USDC and Tether’s USDT – the exchanges announced separately in blog posts on Thursday. While Binance said it temporarily suspended d...
Markets
Nov. 17, 2022

First Mover Americas: Binance.US Makes Another Run at Voyager Digital

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market ...
Markets
Nov. 17, 2022

JPMorgan: The Shrinking Stablecoin Market Is Another Sign of Investors’ Exodus From Crypto

One way of measuring investors' exodus from the crypto ecosystem is the shrinkage of the stablecoin market, JPMorgan said in a research report Wednesday. Stablecoins , a type of cryptocurrency whose value is pegged to another asset such as the ...
Markets
Nov. 17, 2022

Voyager Token Surges on Report Binance to Offer Lifeline to the Bankrupt Crypto Lender

Voyager Digital's native coin voyager ( VGX ) surged Thursday after CoinDesk reported that leading digital assets exchange Binance's U.S. arm is relaunching a bid to purchase the bankrupt crypto lending platform. VGX jumped more than 55% to $...
Markets
Nov. 17, 2022

Ether Staking Yields Jump Up to 25%; All-Time High Since Merge

Staking vanilla ether (ETH) is generating eye-catching yields for crypto hopefuls amid a broader market crisis with returns on most fixed-income crypto products dropping as low as 0%. Operations at centralized crypto lending companies such as Ge...
Markets
Nov. 17, 2022

El Salvador's President Nayib Bukele and Tron's Justin Sun to Buy One Bitcoin Every Day

Bitcoin-holder El Salvador President Nayib Bukele and Justin Sun, the founder of the Tron cryptocurrency network and Grenada's ambassador, have decided to accumulate bitcoin at a pace of 1 BTC per day. "We are buying one #Bitcoin every day start...
Markets
Nov. 17, 2022

First Mover Asia: Bitcoin Sinks Amid Crypto's Latest Debacle

Good morning. Here’s what’s happening: Prices: Bitcoin and other cryptos sank after the lending arm of crypto investment bank Genesis Global Trading suspended customer withdrawals. Insights: The fallout from FTX's collapse continues to w...
Markets
Nov. 16, 2022

Crypto Exchange Gemini Suffers $485M Rush of Outflows Amid Contagion Fears

Gemini, a crypto exchange and custodian founded by the Winklevoss brothers, has suffered a rush of withdrawals as crypto firms wrestle with the reverberations of the FTX-Alameda bankruptcy and subsequent contagion within the digital asset indus...
Markets
Nov. 16, 2022

Market Wrap: Genesis Withdrawal Suspension Looms Over Cryptocurrencies

Top Story Et tu, Genesis Global Capital? The lending arm of crypto investment bank Genesis Global Trading temporarily suspended redemptions and new loan originations, adding to the rapidly widening fallout from crypto exchange FTX’s collapse. ...
Markets
Nov. 16, 2022

Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains

Digital assets extended losses on Wednesday after the crypto financial firm Genesis Global Capital announced that it was temporarily suspending redemptions and new loan originations , the latest industry player to struggle in wake of crypto exch...
Markets
Nov. 16, 2022

These Crypto Market Makers Were Wary of FTX Before Collapse

The collapse of crypto exchange FTX has inflicted losses far and wide in the industry. The surrounding market turbulence has crypto lender BlockFi reportedly eyeing bankruptcy protection and the lending arm of Genesis Global Trading – owned b...
Markets
Nov. 16, 2022

StarkWare Deploys StarkNet Crypto Token on Ethereum Blockchain

StarkWare, the creator of a layer 2 scalability product, has deployed its new StarkNet Token (STRK) on the Ethereum mainnet . The tokens are not yet available for sale – an important distinction to avoid scams – as the nonprofit StarkNet Foundat...
Markets
Nov. 16, 2022

First Mover Americas: FTX Fallout Reverberates Across Crypto-Land

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market ...
Markets
Nov. 16, 2022

Institutions Take Bearish Stance on Bitcoin, Steep Discount in CME Futures Indicates

Institutions and multi-asset investors returned to the crypto market last week, but not in a way the bulls would have liked to see. Analysts said these entities took short or bearish bets in bitcoin (BTC) futures listed on the Chicago Mercantile...
Markets
Nov. 16, 2022

Coinbase: FTX’s Collapse Will Likely Lead to an Extended Crypto Winter

The collapse of crypto exchange FTX derailed an emerging positive situation in cryptocurrency markets after the significant deleveraging of May and June left few, if any large, marginal sellers in the digital assets space, Coinbase (COIN) said ...
Markets
Nov. 16, 2022

Cryptocurrencies Trade in Sync After FTX Collapse – Just Not With Stocks

They say that all correlations go to one during a financial crisis. What's noteworthy about the most recent crash in crypto markets – triggered by the collapse of Sam Bankman-Fried's FTX exchange and his trading firm Alameda Research – is just...
Markets
Nov. 16, 2022

First Mover Asia: FTX Debacle Might Change Hong Kong’s Approach to Retail Crypto Regulation; Bitcoin Shows Its Mettle

Good morning. Here’s what’s happening: Prices: Bitcoin and other cryptos Insights: The FTX debacle may alter Hong Kong's approach to regulating cryptocurrencies. Prices CoinDesk Market Index (CMI) ...
Markets
Nov. 16, 2022

After Bankruptcy, FTX User Claims Pay Cents on the Dollar

Damaged depositors to the embattled crypto exchange FTX, who face an uphill court battle to recover at least some of their hostaged funds, can sell their credit claims, but they’ll retrieve only a fraction of their holdings. Cherokee Acquisitio...
Markets
Nov. 15, 2022

Market Wrap: Bitcoin Rises on Encouraging Inflation News

Price Action The latest inflation data on Tuesday suggested that the U.S. central bank was winning its campaign against inflation, and crypto investors relished the news. Bitcoin was recently trading above $16,700, up more than 2% over the past...
Markets
Nov. 15, 2022

Are Your Bitcoin Trades Losing on Fed Day? Just Wait Till Tomorrow

On five of six days this year following U.S. central bank interest rate decisions, bitcoin’s price has reversed course from its previous direction. BTC’s price has fallen on three occasions after rising sharply on the day of Fed rate hikes, and ...
Markets
Nov. 15, 2022

Serum’s SRM Tokens Double in Price After Emergency Fork in Wake of FTX Hack

Serum, a decentralized exchange protocol on the Solana blockchain, saw its SRM tokens soar in digital-asset markets Tuesday, as key backers of the project rallied around an emergency fork in response to the recent hack of Sam Bankman-Fried’s ai...
Markets
Nov. 15, 2022

Analysis: FTX’s TRUMPLOSE Token Isn’t Proof of an FTX-Democrat-Ukraine Conspiracy

As Sam Bankman-Fried has fallen from grace to become crypto’s latest and greatest villain, crypto twitter and the conspiracy theory industrial complex is focusing on the presence of a token called TRUMPLOSE on the balance sheet the company he onc...
Markets
Nov. 15, 2022

First Mover Americas: FTX's Hacked Funds Are on the Move

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market ...
Markets
Nov. 15, 2022

Collapse of Crypto Exchange FTX Sees Long-Term Bitcoin Holders Shift to Distribution

Long-term bitcoin (BTC) holders' resolve to keep building their coin stashes has weakened amid fears the implosion of crypto exchange FTX will prolong the crypto winter. The exchange, founded by Sam Bankman-Fried and formerly the third-largest in...
Markets
Nov. 15, 2022

Bernstein: The Collapse of Crypto Exchange FTX More Like Enron Than Lehman

The collapse of FTX and Alameda Research impacts the centralized finance (CeFi) part of the crypto industry the most, Bernstein said in a research report Monday. Part of the crypto ecosystem is exposed to this event, but it is not the entire in...
Markets
Nov. 15, 2022

Renewed Bitcoin Market Swoon Has Put Price Support At $13K in Crosshairs: Technical Analysis

The bitcoin market has recently awakened from a prolonged slumber, putting bears in the driver's seat. That's the message from experts studying chart patterns, who now see a high chance of bitcoin sliding to $14,000 or below. The top cryptocurre...
Markets
Nov. 15, 2022

First Mover Asia: Bitcoin, Ether Rise Late Despite FTX Fatigue

Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major cryptocurrencies surge late to ride into the green. Insights: Could licensed custodians help the crypto industry save itself? Catch the latest episodes of C...
Markets
Nov. 14, 2022

Sam Bankman-Fried’s Unceremonious Exit Leaves ‘Alameda Gap’ in Crypto Markets

Call it the “Alameda gap.” Last week’s collapse of Sam Bankman-Fried’s trading firm, Alameda Research , has left such a big hole in cryptocurrency markets that trading liquidity has thinned noticeably, according to a new report from Kaiko. The...
Markets
Nov. 14, 2022

Market Wrap: Bitcoin Holds Steady Through FTX Gloom

Price Action Bitcoin, ether and most other major cryptos were holding steady, even as investors wrestled with the widening gloom from exchange giant FTX’s implosion. The largest cryptocurrency by market capitalization was recently holding stead...
Markets
Nov. 14, 2022

Crypto Fund Inflows Surged Last Week as Investors Bought FTX-Induced Dip

Crypto funds saw their largest inflows for 14 weeks, with net inflows of $42 million in the seven days ended Nov. 11, according to a CoinShares report on Monday. The inflows coincided with the crypto market's sharp downturn, triggered by the ...
Markets
Nov. 14, 2022

First Mover Americas: FTX Faces Criminal Charges

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market ...
Markets
Nov. 14, 2022

Citi: Correlation Between Equity Markets, Bitcoin Weakens Following FTX Collapse

There has been a clear weakening of the correlation between the S&P 500 equity index and bitcoin (BTC) as crypto markets suffer after the FTX and Alameda collapse , Citi (C) said in a research report last week. The S&P 500 gained almost...
Markets
Nov. 14, 2022

Goldman Cuts Coinbase Price Target to $41, Says Exchange is Fairly Insulated From FTX Collapse

The U.S.-based cryptocurrency exchange Coinbase (COIN) is sufficiently insulated from the fallout of the FTX collapse, Goldman Sachs said on Friday. Goldman took a bearish stance on Coinbase's stock, cutting its price target to $41 from $49, and...
Markets
Nov. 14, 2022

Morgan Stanley Says There Is Still Much Leverage in the Crypto Ecosystem

The collapse of FTX and Alameda has sparked another round of deleveraging in crypto markets, and that’s likely to spur more “crypto quantitative tightening,” Morgan Stanley (MS) said in a research report Friday. Creditors are selling digital...
Markets
Nov. 14, 2022

Bitcoin Miners' Balance Slides as FTX Collapse Weighs on Crypto

Bitcoin (BTC) miners or entities generating the cryptocurrency seem to be running down their coin stash amid the FTX-induced market panic. In the past seven days, the balance held in miner wallets has declined by 9,402 BTC to a ten-month low of ...
Markets
Nov. 14, 2022

After Bitcoin's Worst Week in Five Months, Here's What Crypto Analysts Are Saying

Bitcoin ( BTC ) fell 22% in the seven-day stretch through Sunday, and analysts are scrambling to assess the outlook – for digital-asset markets as well as possible policy ramifications amid an annus horribilis for the blockchain industry, fre...
Markets
Nov. 14, 2022

First Mover Asia: Extreme Fear Hits Crypto as FTX Hack Makes Bad Situation Worse. What Comes Next?

Good morning. Here’s what’s happening: Prices: Last week's calamitous collapse of the FTX exchange sent crypto markets for their worst seven-day stretch since the mid-June aftermath of the Terra blockchain's meltdown. A giant hack over the w...
Markets
Nov. 13, 2022

Binance CEO Zhao Pushes for Crypto Self-Custody; Trust Wallet Token Soars 80% to Record

The CEO of leading cryptocurrency exchange Binance, Changpeng "CZ" Zhao, called on members of the crypto community to take personal control of their digital assets using Trust Wallet, sending the app's native token, TWT, to a record high. "Self-...
Markets
Nov. 13, 2022

Huobi Publishes Asset Transparency Report, Revealing $3.5B in Crypto Holdings

Huobi Global, once China's top crypto exchange, published an asset transparency report on Sunday to reassure users that their funds remain safe. As of Nov. 12, the exchange held 191.84 million of its own native token HT ($900 million), 9.7 billi...
Markets
Nov. 12, 2022

The Epic Collapse of Sam Bankman-Fried's FTX Exchange: A Crypto Markets Timeline

After this week's shocking (and still-unfolding ) developments in the crypto industry, including the rapid unraveling of Sam Bankman-Fried's FTX exchange and Alameda Research trading firm, analysts with CoinDesk Indices worked with CoinDesk jo...
Markets
Nov. 11, 2022

Market Wrap: Bitcoin Returns to Red, Tumbling 7% on FTX Collapse

Price Action FTX crashed. Cryptocurrency prices tumbled on Friday as fretful investors returned to their defensive postures of earlier in the week. Bitcoin (BTC) was recently trading at about $16,675, down nearly 7%. The largest cryptocurre...
Markets
Nov. 11, 2022

Crypto.com Preliminary Audit Shows That 20% of Its Assets Are in Shiba Inu Coin

The swift collapse of the crypto exchange FTX has sparked an industry push among big rivals to publish their proof-of-reserves as a means to provide transparency into the assets on their platforms. With those efforts just getting underway, one...
Markets
Nov. 11, 2022

Solana Volatility Returns After FTX Bankruptcy, But What Comes Next?

The Solana blockchain’s SOL token, one of the hardest-hit digital assets this week amid a steep sell-off across crypto markets triggered by the swift collapse of Sam Bankman-Fried’s business empire, slid further on Friday after the one-time bil...
Markets
Nov. 11, 2022

Justin Sun Moved $6M Stablecoins From TrueFi Lending Pools Before FTX-Alameda Bankruptcy

Justin Sun, founder of the Tron network and a one-time, potential savior of the insolvent crypto exchange FTX, moved $6.1 million in stablecoins from decentralized lending protocol TrueFi, which is among companies weighted down by FTX sister co...
Markets
Nov. 11, 2022

Bitcoin Slides Anew After FTX Bankruptcy Filing

Cryptocurrencies across the board dropped sharply on news that troubled crypto exchange FTX filed for bankruptcy and CEO Sam Bankman-Fried left the company. Bitcoin ( BTC ) dropped about 7% to a 24-hour low of $16,351 during early U.S. trading...
Markets
Nov. 11, 2022

Wintermute Ceased Trading and Moved Funds From Crypto Exchange FTX US Before Warning

Sam Bankman-Fried of the suddenly-ailing FTX exchange has insisted repeatedly that FTX US – a U.S.-based crypto exchange – is a separate legal entity, insulated from its own financial troubles. Some traders with balances on FTX US took no chanc...
Markets
Nov. 11, 2022

First Mover Americas: FTX’s Empire Is Crumbling

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market ...
Markets
Nov. 11, 2022

Ether Turns Deflationary as Amount of ETH Burned Spikes Amid FTX-Induced Market Volatility

Ether (ETH) has turned deflationary for the first time since the token's parent blockchain Ethereum changed how it processes transactions nearly two months ago. Data from ultrasound.money shows the second-largest cryptocurrency's net issuance,...
Markets
Nov. 11, 2022

First Mover Asia: Possible Legal Filings Could Clarify FTX’s Relationship to Alameda; Bitcoin Hovers Near $17K

Good morning. Here’s what’s happening: Prices: Bitcoin and other cryptos spent their day in the green as investors relished encouraging inflation data. Insights: How intertwined were FTX and Alameda Research? The answer may soon be forthc...
Markets
Nov. 10, 2022

Market Wrap: Cryptos Recover Slightly From FTX Fatigue With a Dose of Encouraging Inflation Data

Price Action On Day Four of crypto exchange FTX’s near-death experience, crypto markets sighed and did what they often have done historically: rally. On Thursday they had cause for optimism when an unexpectedly positive Consumer Price Index rep...
Markets
Nov. 10, 2022

Solana’s SOL Surges After Blockchain's Foundation Delays Plan to Unstake Tokens

A record 31 million of the Solana blockhain’s SOL tokens were unstaked Thursday from the blockchain’s security mechanism, a day after crypto analysts warned that some investors might be seeking to redeem their holdings as the price of the dig...
Markets
Nov. 10, 2022

Tron's TRX Jumps 140% Amid 1:1 FTX Redemption of Tron-Based Tokens

TRX, the native token of the Tron network, surged over 140% on cryptocurrency exchange FTX, from 12 cents to 29 cents after Tron founder Justin Sun agreed to move Tron-based assets from FTX to external wallets. “We are pleased to announce that w...
Markets
Nov. 10, 2022

FTX Balances Tumbled 87% in 5 Days in Epic Crypto Deposit Run, Data Shows

Withdrawals from the FTX crypto exchange were so rapid and vicious that the overall balance of digital assets on the venue has tumbled 87% over the past five days, data shows. The blockchain-era version of an epic bank run culminated Nov. 8 w...
Markets
Nov. 10, 2022

First Mover Americas: Justin Sun Rises

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Top Stories Justin Sun, founder of the...
Markets
Nov. 10, 2022

Bitcoin Jumps as U.S. Consumer Prices Rose Just 0.4% in October, With Annual Pace Slowing to 7.7%

The Consumer Price Index (CPI) rose 0.4% in October, far slower than expectations for 0.6%. The annual pace slowed to just 7.7% versus estimates for 8%, and down from 8.2% in September. Bitcoin ( BTC ) – which plunged to a new two-year low of $1...
Markets
Nov. 10, 2022

Tron's DAO to Purchase $1B USDT to 'Safeguard' Against Market Slump

Tron decentralized autonomous organization (DAO), a community-focused body that supports development on the Tron network, said that it would purchase over $1 billion worth of tether (USDT) stablecoins to cushion against a market decline. "To sa...
Markets
Nov. 10, 2022

Tether Dominates Curve's 3pool Liquidity With DAI, USDC Accounting for Just 20%

Decentralized exchange Curve's 3pool, perhaps one of the most important pools for stablecoins in decentralized finance, is heavily imbalanced. At press time, tether (USDT), the world's largest stablecoin by market value, accounted for 80% of th...
Markets
Nov. 10, 2022

Tether's USDT Stablecoin Slips From $1 Peg

Stablecoin Tether USD (USDT) changed hands below $0.993 early Thursday, down 0.6% from its intended $1 peg as traders considered contagion risks from crypto exchange FTX and its related trading arm Alameda Research. USDT usually trades between ...
Markets
Nov. 10, 2022

Ether, Solana Trade at Premium on FTX – Here is (Probably) Why

Ethereum's native token (ETH) and Solana's SOL are drawing higher prices on troubled crypto exchange FTX relative to Binance and other platforms. The unusual market dynamic has observers scrambling for an explanation. At press time, ether traded...
Markets
Nov. 10, 2022

TRX Momentarily Surges 4,000% on FTX After Justin Sun Emerges as Latest 'Would Be' FTX Savior

Tron network’s native TRX token momentarily surged some 4,000%, from 6 cents to $2.5, on embattled crypto exchange FTX even though they exchange hands for 6 cents on other prominent exchanges, such as Binance and OKX. Tron-based assets such as ...
Markets
Nov. 10, 2022

Grayscale's Bitcoin Trust Shares Hit Record Discount of 36.7%

As bitcoin (BTC) continues to hit record low prices, the shares in Grayscale Investment's bitcoin trust (GBTC) have hit a record low. The discount in GBTC shares relative to the value of the underlying asset held in the fund widened to a record...
Markets
Nov. 10, 2022

Panic Grips SOL With Record Volatility and Massive Put Demand

The long-awaited crypto volatility explosion has arrived and it is signaling panic for the Solana's SOL token. SOL's seven-day implied volatility, a measure of expected price turbulence in the short term, has skyrocketed to an annualized 270% – ...
Markets
Nov. 10, 2022

First Mover Asia: Crypto Exchange BitMEX Publishes Proof of Reserves Ahead of Friday’s BMEX Listing; Bitcoin Rebounds After Dropping Below $16K

Good morning. Here’s what’s happening: Prices: Bitcoin sank below $16K for the first time in two years before rallying. Ether drops under $1.1K. Insights: BitMex holds more bitcoin than what it owes customers, its proof-of-reserves show....
Markets
Nov. 10, 2022

FTX Exposure Limited, Says Venture Capital Giant Sequoia

Venture capital giant Sequoia Capital reassured investors that the firm remained largely unaffected by the unraveling of crypto exchange giant FTX and wider decline in digital asset markets. In a note to Limited Partners posted on the firm’s ...
Markets
Nov. 10, 2022

Tron Network USDD Stablecoin Wobbles from Dollar Peg Amid Latest Crypto Crisis

The Tron network's algorithmic stablecoin Decentralized USD (USDD), championed by Tron-founder Justin Sun , dropped from its $1 anchor as the implosion of the prominent crypto exchange FTX shook investors' confidence in broader crypto markets....
Markets
Nov. 09, 2022

Market Wrap: Bitcoin, Other Cryptos Continue to Plummet

Price Action Crypto markets’ misery seemed boundless on Tuesday amid the ongoing fallout from crypto exchange FTX’s distress. BTC , the largest cryptocurrency by market capitalization, was recently trading at about $16,300, a more than 10% d...
Markets
Nov. 09, 2022

Alameda, In Eye of Crypto Storm, Takes $37M of Wrapped Bitcoin Off FTX.US Exchange

Struggling trading firm Alameda Research, sister company of crypto exchange FTX that appears to be suffering from a blockchain-era deposit run, withdrew some $37 million in the form of wrapped bitcoin (wBTC) – a type of bitcoin derivative – fro...
Markets
Nov. 09, 2022

Solana Blockchain Hit by FTX Tremors as Nearly $800M SOL Tokens Set to Be Unstaked

The epic comedown of Sam Bankman-Fried’s FTX crypto exchange and Alameda Research trading firm are making waves in the market for the Solana blockchain’s SOL token – to the point where some investors have apparently become so nervous that they’re...
Markets
Nov. 09, 2022

Inflation Expected to Tick Down in Latest CPI Report

While most of the country was waiting on U.S. midterm election results on Tuesday, observers of the economy were already looking toward Thursday’s fresh inflation report. According to FactSet estimates, the U.S. Labor Department’s Consumer Price...
Markets
Nov. 09, 2022

Bitcoin Falls Below $17K, First Time in 23 Months, as Binance Said to Waver on FTX Deal

Bitcoin ( BTC ) dropped to a new 23-month low on Wednesday, as crypto traders processed the news that the Binance exchange might demur on an earlier plan to buy its once-mighty but suddenly-ailing rival FTX. The price of bitcoin hit $16,936 on...
Markets
Nov. 09, 2022

First Mover Americas: FTX Fallout Heats Up

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Nov. 09, 2022

'Long' Crypto Traders Take on $700M in Losses as Markets Falls on FTX Contagion Fears

Total crypto market capitalization slid to $900 billion from over $1 trillion on Wednesday morning as traders reacted to speculations around prominent exchange FTX’s liquidity issues. Over $700 million in long, or bets for higher prices, were liq...
Markets
Nov. 09, 2022

First Mover Asia: Prediction Markets Split if Binance Will Pull Out of FTX Deal; Bitcoin Drops 11%

Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major cryptos plummet on a turbulent day in digital asset markets. Insights: Prediction markets are split whether Binance will follow through on its proposed acquisi...
Markets
Nov. 09, 2022

Liquidity Crunch Spreads to Crypto Lending as Institutional Borrowers Max Out Credit Pools

Multiple institutional crypto capital firms maxed out their credit pools on Clearpool, an uncollateralized lending protocol, as fear on the market mounts that crypto trading firm Alameda Research’s liquidity troubles might spread to crypto lender...
Markets
Nov. 09, 2022

These Four Key Charts Shed Light on the FTX Exchange's Spectacular Collapse

Speculation surrounding Sam Bankman Fried’s crypto exchange FTX grew so intense that the firm agreed to sell itself to bigger rival Binance. Blockchain data offers a fresh perspective on FTX’s liquidity crunch, illustrating how the drama escalate...
Markets
Nov. 08, 2022

Market Wrap: Binance/FTX Deal Sends Bitcoin, Other Cryptos Spiraling

Price Action Crypto investors couldn’t make up their minds on Tuesday whether they liked Binance’s proposed purchase of rival FTX . In the immediate aftermath of the announced deal, they sent bitcoin’s price tumbling well below $20,000, it...
Markets
Nov. 08, 2022

FTX Token Falls 80% Despite Binance Bailout as Alameda Contagion Spreads to Bitcoin

The FTX's exchange token, FTT , went into freefall Tuesday even after the company got a lifeline from larger rival Binance – as fears mounted over the crypto trading firm Alameda Research's financial woes, fueling what appeared to be contagion...
Markets
Nov. 08, 2022

Alameda Thanked for ‘Prompt Response’ in Transferring $37M of BitDAO Tokens

Sam Bankman-Fried’s Alameda Research, the trading firm at the heart of this week’s crypto-industry shakeup , is reportedly making good on at least one promise – adhering to an agreement not to sell tokens associated with the BitDAO blockchain pr...
Markets
Nov. 08, 2022

Binance Exchange's BNB Token Leads Broad Crypto Rebound After FTX Bailout Offer

The giant crypto exchange Binance's in-house token, BNB , led a broad rebound in digital-asset markets on Tuesday after CEO Changpeng "CZ" Zhao announced a plan to rescue billionaire Sam Bankman-Fried's rival FTX exchange from the throes of a bl...
Markets
Nov. 08, 2022

Abracadabra's MIM Stablecoin Briefly Lost Dollar Peg as FTX's FTT Token Tanked

Decentralized platform Abracadabra.money 's magic internet money (MIM), a U.S. dollar-pegged stablecoin, dropped below $1 early Tuesday as crypto exchange FTX's native token FTT tanked. MIM briefly fell to as low as $0.9520 during the early As...
Markets
Nov. 08, 2022

BitDAO Community Asks Alameda for Proof of Funds After BIT's Sudden 20% Drop, Threatens to Dump FTT

BitDAO, one of the largest decentralized autonomous organizations (DAO), entered the FTX-Alameda drama on Tuesday after the DAO's native token BIT slipped 20%. The community behind BITDAO, which is supported by crypto exchange Bybit, Pantera, bi...
Markets
Nov. 08, 2022

Bitcoin, Ether Slide as Protective Puts Draw Demand Amid Sell-Off in FTX's Token

Crypto market leaders bitcoin (BTC) and ether (ETH) shed their relative calm and faced selling pressure early Tuesday as FTT, the native token of cryptocurrency exchange FTX, nosedived to 21-month lows on lingering concerns regarding trading fi...
Markets
Nov. 08, 2022

FTX Token Plummets as Market Fears Possible Alameda Contagion

FTX's exchange token FTT was down over 12% during Asia's morning as the market continued to be alarmed by the contents of Alameda Research's balance sheet. The entire 'Alameda bag' was in the red Tuesday morning (UTC) with FTT dropping over 12%...
Markets
Nov. 08, 2022

First Mover Asia: A Good Week for Exchange Tokens, Except FTT; Solana Continues Falling

Good morning. Here’s what’s happening: Prices: Solana's SOL token continues its plunge. Bitcoin and ether drop slightly ahead of the U.S. mid-term elections and the latest inflation figures. Insights: A number of exchange tokens have outp...
Markets
Nov. 07, 2022

Market Wrap: Solana Plunge Highlights Major Cryptos’ Day in the Red

Price Action Crypto markets spent much of Monday in the red, with Solana’s SOL token among the biggest losers. SOL , was recently down more than 6% over the past 24% amid speculation that it might be entwined in the ongoing drama surrounding ...
Markets
Nov. 07, 2022

Solana Falls and Speculation Centers on Links to Sam Bankman-Fried’s FTX, Alameda

Solana’s SOL token was one of the biggest losers in digital-asset markets on Monday, and crypto analysts speculated there might be a connection to the recent drama surrounding Sam Bankman-Fried ’s FTX exchange and his trading firm, Alameda Res...
Markets
Nov. 07, 2022

Here’s What Crypto Traders Expect From the Midterms

After two years of Democratic Party control of the U.S. presidency and both legislative chambers, Republicans look poised to take control of the House of Representatives and maybe the Senate in Tuesday’s midterm elections. The state of the econo...
Markets
Nov. 07, 2022

How Digital Assets Get Into Investable Indices

Since the inception of bitcoin in 2008, the digital asset industry has been growing at a rapid pace, accelerating the emergence of the new digital finance economy. This booming new asset class has resulted in the development of new investment veh...
Markets
Nov. 07, 2022

First Mover Americas: Binance Dumps FTT Tokens

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Nov. 07, 2022

Open Interest in FTT Futures Doubles as Binance Moves to Liquidate FTX Token Holdings

Traders are scurrying to hedge against a potential slide in crypto exchange FTX's native token, FTT, in the wake of Binance's decision to liquidate FTT holdings and controversy surrounding Alameda's balance sheet . Open interest, or the dolla...
Markets
Nov. 07, 2022

FTT-Alameda Drama Weighs on Market as Asia Begins its Week

Traders in Asia awoke to a market partially in the red as the digital assets industry continues to deal with the controversy over trading firm Alameda Research’s balance sheet . FTX’s FTT exchange token , which makes up a significant amount of...
Markets
Nov. 07, 2022

First Mover Asia: SBF Talks Consumer Protection and Crypto Titans Clash

Good morning. Here’s what’s happening: Prices: A posturing battle breaks out between crypto titans over the FTX exchange's FTT token, while Solana's SOL token suffers from a post-conference hangover. Crypto traders are looking ahead to this ...
Markets
Nov. 04, 2022

Market Wrap: Cryptos Rise in an Eventful Week; Bitcoin Hovers Over $21K, Ether Soars

Price Action Crypto investors liked the tone of the latest jobs report and other economic indicators this week, sending bitcoin to a seven-week high and other cryptos well into the green. The largest cryptocurrency by market value was recentl...
Markets
Nov. 04, 2022

Bitcoin Tops $21K, Shrugging Off Unexpectedly Strong US Jobs Report

Bitcoin topped $21,000 for the first time in nine days after a better-than-expected U.S. jobs report in October showed that the labor market remains surprisingly robust even as the Federal Reserve pushes to cool down the economy. The bitcoin (...
Markets
Nov. 04, 2022

Goodbye, CoinDesk 20 – Hello, CoinDesk Market Index

All good things must come to an end but in the case of the CoinDesk 20 , our list of the most relevant assets in the crypto markets, the end means a passing of the baton to something better and new — the CoinDesk Market Index (CMI) family, a g...
Markets
Nov. 04, 2022

First Mover Americas: Bitcoin Higher After Jobs Report and Arweave's Meta Effect

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ● CoinDesk Ma...
Markets
Nov. 04, 2022

US Added 261K Jobs in October, Topping Expectations for 200K

The U.S. economy added 261,000 jobs in October, beating economist forecasts for 200,000. The unemployment rate rose to 3.7% versus expectations for 3.6% Bitcoin ( BTC ) has dipped about $200 to $20,400 on the news, with the strong headline jobs ...
Markets
Nov. 04, 2022

MATIC Rally Gathers Speed as Meta Announces Polygon-Powered NFTs, Chart Signals Golden Cross

The advance in scaling solution Polygon's native cryptocurrency, MATIC, has accelerated in the wake of positive news and bullish chart patterns. MATIC has rallied 30% in two days, reaching a six-month high of $1.15 on Friday, according to Coin...
Markets
Nov. 04, 2022

First Mover Asia: Alameda Research, FTX Are Bound to Each Other; Bitcoin Trades Sidways, Dogecoin Plunges Late as Twitter Halts Work on Crypto Wallet

Good morning. Here’s what’s happening: Prices: Macroeconomic uncertainty reigns but bitcoin continued to hold tight comfortably above $20K. DOGE plunged late on Thursday after news that Twitter was halting work on its crypto wallet project. ...
Markets
Nov. 03, 2022

$1B Crypto Hack Fears Spur 20% GALA Plunge, But Firm Implies It Attacked Itself as a Safeguard

Chaos ensnared Gala Games late Thursday, as fears of a potentially billion-dollar hack – or maybe a rug pull – drove its native GALA token down 20%, while a firm apparently related to the crypto play-to-earn platform said that they had actual...
Markets
Nov. 03, 2022

Market Wrap: Ether, Other Cryptos Rise Despite Unsettling Inflationary Concerns

Price Action More storm clouds formed over the global economy on Thursday as the U.S. Labor Department announced a small dip in weekly jobless claims just a few hours after the Bank of England boosted its interest rate by a jumbo-sized 75 ba...
Markets
Nov. 03, 2022

Bitcoin Draws Stability From $20K Price Floor as Traditional Markets Slide

Notoriously volatile bitcoin slid but stayed relatively stable on Thursday as traditional markets fell on news of the Bank of England ’s biggest rate hike in 33 years and the prior day’s move by the U.S. Federal Reserve. Some crypto analysts ...
Markets
Nov. 03, 2022

NFT Platform ImmutableX’s $66M Unlocking Looms, Putting Sell Pressure on IMX Token

ImmutableX , a platform for non-fungible tokens, is set to release $66 million worth of IMX tokens in an unlocking event that will enable early private investors to sell some of their holdings and potentially tank the token’s price. A total o...
Markets
Nov. 03, 2022

First Mover Americas: Meta’s Instagram Move Boosts Web3 Tokens

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices @import url("https...
Markets
Nov. 03, 2022

Bitcoin Bear Market Has a Silver Lining, CryptoCompare's Q3 Review Shows

Bitcoin (BTC) has plunged 70% since hitting a peak of $69,000 in November last year. The ongoing bear market may appear more brutal than previous ones considering several industry heavyweights like Terra, Three Arrows Capital and Celsius have b...
Markets
Nov. 03, 2022

Decentralized Storage Solution Arweave's Native Token Surges 60% on Meta Integration

AR, the native token of blockchain-based data storage solution Arweave, surged as Facebook and Instagram's parent company Meta (FB) said it will utilize the Web3 platform to archive their creators' digital collectibles. The cryptocurrency has ju...
Markets
Nov. 03, 2022

Dapper Labs Cuts 22% of Staff as NFT Market Craters

One of the biggest names in the Non Fungible Token (NFT) industry is dramatically reducing its headcount as the crypto bear market continues to take a toll on Web3 companies. Dapper Labs, which created the NFT marketplace NBA Top Shot , announc...
Markets
Nov. 02, 2022

First Mover Asia: Arbitrum Sees Transactions Skyrocket as Traders Anticipate Potential ‘ARBI’ Airdrop; Ether, Dogecoin Tumble Following FOMC Rate H...

Good morning. Here’s what’s happening: Prices: Ether and dogecoin declined following latest Fed rate increase; bitcoin fell more moderately. Insights: Arbitrum's on-chain metrics, including weekly transactions, weekly active users and to...
Markets
Nov. 02, 2022

Market Wrap: Bitcoin Little Affected by Fed Interest Rate Hike

Price Action The U.S. Federal Reserve surprised almost no one with even a passing interest in monetary policy by raising rates by a hefty 75 basis points for the fourth consecutive time. Bitcoin shrugged. Ether fell. The largest cryptocurre...
Markets
Nov. 02, 2022

Lending Protocol TrueFi Issues Notice of Default to Invictus Capital for Failing to Repay Loan

Decentralized lending protocol TrueFi issued a notice of default on Wednesday to failed crypto hedge fund Invictus Capital after it missed repaying a $1 million loan. Invictus took out a $1 million uncollateralized loan from TrueFi’s Binance U...
Markets
Nov. 02, 2022

CoinDesk Market Index Adds Convex, Serum, 12 Other Digital Assets

CoinDesk Indices has reconstituted the CoinDesk Market Index (CMI), adding 14 digital assets to the index and deleting two, according to a statement . The changes, based on data as of Oct. 17, bring the total number of assets in the CMI to 16...
Markets
Nov. 02, 2022

Federal Reserve Raises US Interest Rate by 75 Basis Points; Bitcoin Rises

The Federal Reserve on Wednesday raised interest rates by 75 basis points (0.75 percentage point) to a range of 3.75 to 4 percent, in a move that was widely anticipated by market participants, including bitcoin ( BTC ) traders. This marks the fo...
Markets
Nov. 02, 2022

Bitcoin and Ether Steady Ahead of Fed Decision

Bitcoin and ether were roughly flat as investors eagerly awaited the U.S. Federal Reserve’s interest rate decision. The bitcoin ( BTC ) price was trading around $20,300, little changed from the past 24 hours. The largest cryptocurrency by market...
Markets
Nov. 02, 2022

First Mover Americas: Bitcoin, Ether Slip Ahead of Fed

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Nov. 02, 2022

Dogecoin Above 200-Day Moving Average By Most Since June 2021

The Twitter-inspired rally in the price of Dogecoin ( DOGE ) over the past week has pushed that crypto well above its technically notable 200-day moving average. Trading at below $0.06 one week ago, DOGE rallied to above $0.15 at its high on Tue...
Markets
Nov. 02, 2022

Citi Says Ether May Be Moving Toward a Deflationary Future

The most significant impact of the Ethereum blockchain’s transition to proof-of-stake (PoS), a process known as the Merge, was the change in net issuance of ether (ETH), which fell close to zero, Citi (C) said in a research report Monday. Befo...
Markets
Nov. 02, 2022

Experts Recommend Ether and Bitcoin Options 'Straddles' to Capture Post-Fed Price Swings

Investors who foresee renewed volatility in ether (ETH) and bitcoin (BTC) can consider building an option strategy that profits from an increase in price turbulence. Markus Thielen, head of research and strategy at crypto services provider Matri...
Markets
Nov. 02, 2022

Crypto Trading Platform Talos Taps Amber Group for Liquidity Amid Increased Buying Demand

Institutional crypto trading platform Talos has onboarded Amber Group as its newest liquidity provider amid increased demand for crypto trading and investing in the Asia Pacific region. The partnership will allow Talos’ users to source liquidity...
Markets
Nov. 02, 2022

First Mover Asia: Ripple's APAC Policy Chief Sees Hopeful Shift in Hong Kong Crypto Statement; Dogecoin Soars Again

Good morning. Here’s what’s happening: Prices: DOGE was soaring again, UNI jumped and bitcoin and ether traded flat a day before the Fed's latest, likely 75 basis point, rate hike. Insights: Ripple's policy director for the Asia Pacific r...
Markets
Nov. 01, 2022

Terra-Victim Invictus Capital Defaults on $1M TrueFi Loan

Failed crypto hedge fund Invictus Capital failed to repay a loan from decentralized lending protocol TrueFi, according to TrueFi’s loan data dashboard . The firm missed paying down its $1 million loan denominated in Binance USD ( BUSD ) stablec...
Markets
Nov. 01, 2022

Market Wrap: Uniswap, Federal Reserve in Focus as Dogecoin Rests

Price Action Bitcoin ( BTC ) held steady during U.S. trading hours, gaining 0.3%, even as the Standard & Poor’s 500 Index slipped. Crypto traders are looking ahead to the next big economic event, the Federal Reserve’s monetary pol...
Markets
Nov. 01, 2022

Uniswap Surpasses Bitcoin as Fed Rate Hike Decision Nears

Dogecoin isn’t the only alternative coin outshining bitcoin. Decentralized exchange (DEX) Uniswap’s UNI token was recently up 5.1% over the past 24 hours and has risen more than 10% during the past week despite mixed news highlighting its exp...
Markets
Nov. 01, 2022

Larry Summers Warns Dollar Reversal Could Bring Inflationary Pressure, Posing Challenge for Fed, Bitcoin

This year’s strength of the dollar has been a key factor in keeping elevated U.S. inflation from rising even faster. Federal Reserve officials, meeting behind closed doors this week in Washington, D.C., have been far more focused on why cons...
Markets
Nov. 01, 2022

First Mover Americas: DOGE Doubles in October, Coinbase Goes to Bat for Ripple

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ● CoinDesk...
Markets
Nov. 01, 2022

Bernstein: Small Economic Recovery Would Turn Ether's Tokenomics Favorable

Ether (ETH) needs “very little recovery in economic activity for the token economics to turn favorable,” Bernstein said in a research report, and this creates a strong story for the cryptocurrency’s “asymmetric growth model.” The Ethereum blockc...
Markets
Nov. 01, 2022

Fed Preview: As Crypto Market Sees Smaller Rate Hikes From December, Major Banks Warn 'Slower Doesn't Mean Lower'

Risk assets, including cryptocurrencies, have recently found a footing on hopes that the Federal Reserve (Fed) will pivot away from jumbo interest rate hikes from December to end the so-called liquidity tightening sooner than expected and signa...
Markets
Nov. 01, 2022

Dogecoin Led the Pack Among Cryptocurrencies in October With 17 Times Bitcoin's Gains

Give that DOGE a bone. Dogecoin ( DOGE ), the canine-inspired meme token often associated with electric-vehicle-tycoon-turned-Twitter-owner Elon Musk , was the top performer in October among the 150 digital assets in the CoinDesk Market Index ...
Markets
Nov. 01, 2022

First Mover Asia: Hong Kong FinTech Chair Praises Crypto Friendly Policy Statement; Dogecoin Outshines Bitcoin, Ether

Good morning. Here’s what’s happening: Prices: Dogecoin continued to climb even as bitcoin and ether spent the day in the red. Insights: The chairman of Hong Kong's FinTech Association praises the government's new crypto policy statement....
Markets
Oct. 31, 2022

Market Wrap: Dogecoin’s October Finale Trumps All Other Major Cryptos

Price Action Dogecoin (DOGE) was recently up 8% to continue its late October surge. The popular meme coin, which was created to mock the speculative nature of cryptocurrencies, spiked late last week as billionaire entrepreneur and DOGE advocat...
Markets
Oct. 31, 2022

Los futuros de dogecoin acumulan casi US$90M en liquidaciones durante un fin de semana inusual

El trading de dogecoin durante el fin de semana consiguió que la moneda meme relacionada con shiba inu alcanzara una capitalización de mercado por encima de los US$10.000 millones. Además, sumó más de 90% en valor durante la semana pasada y se co...
Markets
Oct. 31, 2022

El mercado de opciones de bitcoin toca fondo y el índice skew llega a cero

El mercado de opciones que sigue a bitcoin (BTC) sugiere que el temor abrumador a una caída ha disminuido, una señal de que lo peor ya podría haber quedado atrás. Read this article in English . Por primera vez desde marzo, los skews a co...
Markets
Oct. 31, 2022

Ether registra la mayor ganancia semanal en tres meses y el repunte de ETH-BTC continúa

La reciente revisión tecnológica de la plataforma de contratos inteligentes Ethereum está teniendo el efecto alcista deseado en el precio de tu token nativo ether (ETH). Read this article in English . ETH subió más de 16% en los siete dí...
Markets
Oct. 31, 2022

First Mover Americas: Ether's Breaking Out on Bullish Supply-Demand Picture

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ● CoinDesk Mark...
Markets
Oct. 31, 2022

Bitcoin Options Market Signals Bottom as Skews Climb to Zero

The options market tracking bitcoin (BTC) suggests that the once-overwhelming fear of an extended slide has subsided, a sign that the worst may be behind us. For the first time since March, both long-term and short-term skews have climbed to zer...
Markets
Oct. 31, 2022

Ether Sees Biggest Weekly Gain in 3 Months, ETH-BTC Rally to Continue

Smart contract platform Ethereum's recent technological overhaul is beginning to have an intended bullish effect on its native token ether's (ETH) price. ETH rose over 16% in the seven days to Oct. 30, its best weekly percentage price gain since...
Markets
Oct. 31, 2022

B2C2 Adds Electronic Crypto Options to Over-the-Counter Trading Platform

B2C2 , a liquidity provider for crypto markets, said clients can now trade over-the-counter options electronically, in an expansion beyond the “voice via chat” options trading started a year ago. The 7-year-old firm, a unit of the Japanese fina...
Markets
Oct. 31, 2022

Dogecoin Futures Rack Up Nearly $90M in Liquidations Over Weekend in Unusual Move

Dogecoin trading over the weekend saw the shiba inu-themed memecoin reach a market capitalization of over $10 billion, add over 90% in value over the past week and become one of the largest liquidators among futures that track crypto majors. Dog...
Markets
Oct. 31, 2022

Surging Popularity of Ethereum Staking Keeps Lid on Yields

Ethereum staking appears to be the new favorite way for crypto traders to capture yield – so popular, in fact, that it’s driving the yields lower. That’s a consequence of the formula used to calculate the yields under the Ethereum blockchain’s m...
Markets
Oct. 31, 2022

First Mover Asia: Crypto Platform Freeway's Lack of Transparency Should Have Been a Red Flag

Good morning. Here’s what’s happening: Prices: Bitcoin heads for its first monthly gain since July, but it's not exactly the "Uptober" that some bulls may have imagined. This week brings the Federal Reserve's next monetary-policy meeting and...
Markets
Oct. 28, 2022

Market Wrap: Bitcoin Heads for Best Week in 3 Months

Price Action Bitcoin ( BTC ) rose Friday after a U.S. government report showed the Federal Reserve’s preferred inflation gauge rose slower than expected last month . The reason that matters is because it shows progress in the Fed’s campai...
Markets
Oct. 28, 2022

El indicador predilecto de la Fed sube menos de lo esperado y bitcoin se dispara

Bitcoin registró una suba a primera hora del viernes luego de que el informe del gobierno de los Estados Unidos mostrara que un indicador de inflación rigurosamente controlado por la Reserva Federal (Fed, por sus siglas en inglés) aumentara el ...
Markets
Oct. 28, 2022

Bitcoin registró récord de posiciones inmovilizadas en los últimos seis meses, según Morgan Stanley

A casi un año del “mercado bajista de bitcoin”, la mayoría de los inversores que compraron criptomonedas en el 2021 se están enfrentando a grandes pérdidas y parecen estar esperando repuntes para cerrar sus posiciones, aseguró Morgan Stanley (MS)...
Markets
Oct. 28, 2022

¿Cuál es la diferencia entre las criptomonedas inflacionarias y las deflacionarias?

En los Estados Unidos (EE. UU.) se está viviendo el pico de inflación máximo en 40 años. Los precios están subiendo más rápido que los salarios y están provocando que algunas personas depositen su dinero en activos alternativos que se presentan c...
Markets
Oct. 28, 2022

Fed's Preferred Inflation Gauge Rises Less Than Expected, and Bitcoin Rises

Bitcoin got a quick boost early Friday after a U.S. government report showing that an inflation gauge closely monitored by the Federal Reserve rose slower than estimated last month. The PCE price index increased 0.3% during the month, slowing...
Markets
Oct. 28, 2022

First Mover Americas: Bitcoin Turns South Toward $20K, Huobi Cuts Ties With the HUSD Stablecoin

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) has erased prev...
Markets
Oct. 28, 2022

Stablecoin Issuer Frax Finance Unveils Ether Staking Service With a Dual Token Model

Decentralized stablecoin issuer Frax Finance has entered the ether liquid staking war with a unique two-token model that supposedly allows users to earn above-average staking yields. Called Frax Ether , the liquid staking system, went live on...
Markets
Oct. 28, 2022

Morgan Stanley: Record Number of Bitcoin Have Not Been Used for Six Months

Nearly a year into the “bitcoin bear market,” most investors who bought the cryptocurrency in 2021 are facing heavy losses and look to be waiting for rallies to close their positions, Morgan Stanley (MS) said in a research report Thursday. Bitco...
Markets
Oct. 28, 2022

Dogecoin, Cardano Weigh on Crypto Majors After US Tech Stocks Plunge

Crypto majors slid in the past 24 hours following a plunge in US technology stocks as key companies reported lower-than-expected earnings. Bitcoin has previously followed the movement in technology stocks. The equities drop came even after an un...
Markets
Oct. 28, 2022

Bitcoin Could Rally to $63K Ahead of Next Mining Reward Halving: Matrixport

"Be fearful when others are greedy and greedy when others are fearful," legendary investor Warren Buffett once said. Perhaps now is the time to be greedy in the crypto market, as the battered bitcoin (BTC) could soon find relief and rally to $63...
Markets
Oct. 27, 2022

First Mover Asia: Scams on Binance's BNB Chain Highlight Weaknesses in Quality Control; Bitcoin Sags

Good morning. Here’s what’s happening: Prices: Bitcoin was on the decline following two consecutive days of gains, after a stronger-than-expected report on the U.S. economy's health. Insights: Binance's 26 validators could create a qualit...
Markets
Oct. 27, 2022

Market Wrap: Bitcoin Holding Steady Over $20K, Ether Is Flat, Dogecoin Soars

Price Action Bitcoin ( BTC ) drooped but was still trading comfortably over $20,000 as investors chewed over a surprising gain in the latest U.S. GDP report. The U.S. Commerce Department reported that gross domestic product rose 2.6% in th...
Markets
Oct. 27, 2022

Aptos Token Rebounds After Upstart Blockchain's Dismal Debut

Layer 1 blockchain Aptos' token has enjoyed a powerful rally following last week's inauspicious start, rebounding nearly to the price where it originally went live. The APT token was trading at $9.17, up 36% compared with last week's low of $6.7...
Markets
Oct. 27, 2022

El PBI de EE. UU. crece 2,6% en el tercer trimestre y bitcoin se mantiene estable

Tras dos meses consecutivos de estar contraída, la economía de Estados Unidos creció en el tercer trimestre, una señal de que la actividad se mantiene sólida a pesar del endurecimiento de la Reserva Federal (Fed, por sus siglas en inglés) de este...
Markets
Oct. 27, 2022

Bitcoin se acerca a su media de 100 días tras datos macroeconómicos positivos

Los activos de riesgo parecen estar dirigiéndose al alza con bitcoin desafiando a su promedio simple móvil (SMA, por sus siglas en inglés) de 100 días, el cual quebró el repunte de agosto. Read this article in English . Esta vez, la resi...
Markets
Oct. 27, 2022

First Mover Americas: It's a DOGE Day as Elon Musk Close to Completing Twitter Deal

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) was trading at ...
Markets
Oct. 27, 2022

U.S. GDP Expands 2.6% in Third Quarter, Faster Than Expected; Bitcoin Steady

After two consecutive months of contraction, the U.S. economy rose in the third quarter – a sign that activity remains robust despite the Federal Reserve's aggressive push this year to raise borrowing costs. The nation’s gross domestic product,...
Markets
Oct. 27, 2022

As Bitcoin Teases 100-Day Average, Prominent Traders Say Latest Crypto Bounce Looks More Constructive Than August

Risk assets seem to be breaking out bullishly, with bitcoin challenging its 100-day simple moving average (SMA) that aborted the August rally. The resistance at $20,882 could be convincingly toppled this time, as prominent traders think the late...
Markets
Oct. 26, 2022

First Mover Asia: Crypto Traders Are Betting on World Cup-Themed Tokens. What’s Driving the Interest?

Good morning. Here’s what’s happening: Prices: Bitcoin rose significantly for a second consecutive day, despite disappointing earnings from the tech sector. Insights: What's driving crypto traders' interest in World Cup-themed tokens? P...
Markets
Oct. 26, 2022

Market Wrap: Bitcoin Continues Its Upturn, Rests Comfortably Over $20.7K

Price Action Bitcoin ( BTC ) continued its recent surge, cracking $21,000 at one point after Canada’s central bank raised its main interest rate less robustly than expected, and despite disappointing earnings late Tuesday by Google parent ...
Markets
Oct. 26, 2022

Bitcoin llegó a US$21K tras nuevos datos de viviendas en EE. UU. y un Banco de Canadá menos agresivo

El modesto repunte de la criptomoneda continuó el miércoles luego de que el Banco de Canadá sorprendiera a los inversores con una suba de las tasas de interés inferior a la esperada y de que las ventas de propiedades nuevas en los Estados Unidos ...
Markets
Oct. 26, 2022

In Topsy Turvy Market Logic, Positive U.S. GDP Could Be Negative For Crypto

After two quarters of contraction in the U.S. economy, one might think that traders would be hoping for green shoots. But in the current good-news-is-bad-news market climate, the opposite is true. Economists estimate that U.S. gross domestic p...
Markets
Oct. 26, 2022

Bitcoin Jumps to $21K After Soft US Data, Less Hawkish BoC

The modest crypto rally continued on Wednesday after the Bank of Canada (BoC) surprised with a smaller than expected rate hike and new home sales in the U.S. continued to weaken. Widely expected to raise its benchmark interest rates by 75 basis ...
Markets
Oct. 26, 2022

Mercados cripto registran las mayores liquidaciones en corto en 15 meses y ether lidera suba de tokens

Los mercados de criptomonedas registraron más de US$700 millones en liquidaciones de operaciones en corto, o apuestas contra las subas de precios, y alcanzaron niveles que no se veían desde julio del 2021. Read this article in English . ...
Markets
Oct. 26, 2022

Tres indicadores que los traders principiantes de cripto deberían usar, según los profesionales

Los mercados pueden ser confusos y los inversores minoristas pueden llegar a ser sus propios enemigos. Dalbar, una empresa independiente de investigación de inversiones, descubrió en una serie de estudios realizados a lo largo de décadas que l...
Markets
Oct. 26, 2022

First Mover Americas: Bitcoin, Ether Surge on Short Squeeze

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) and ether ( E...
Markets
Oct. 26, 2022

Crypto Markets See Largest Short Liquidations in 15 Months; Ether Leads Token Surge

Crypto markets saw over $700 million in liquidations on short trades, or bets against price rises, reaching levels not seen since July 2021. The liquidations may have contributed to a short squeeze, as prices of several tokens jumped in the past...
Markets
Oct. 25, 2022

First Mover Asia: China’s Bitcoin-Funded Intelligence Operation in US Likely About Chips; Bitcoin Soars Past $20K

Good morning. Here’s what’s happening: Prices: Bitcoin has a rare day to celebrate, surging past $20K; ether surpasses $1.5K. Axie's AXS tokens get swept up in short squeeze despite the risk that some recipients of an "unlock" might soon mov...
Markets
Oct. 25, 2022

Crypto Game Axie’s AXS Token Gets Unlocked, Just as Short Squeeze Drives Up Price

Axie Infinity , the play-to-earn crypto game that rose to sudden popularity last year, started releasing previously restricted AXS tokens to early investors and insiders as part of a massive $200 million unlocking event . The unlock came wit...
Markets
Oct. 25, 2022

Market Wrap: Bitcoin Marches Past $20K as Investors Regain Their Appetite for Riskier Assets

Price Action Bitcoin ( BTC ) took a rare trip upward on Tuesday. The largest cryptocurrency by market capitalization was recently trading at about $20,300, up nearly 5% over the past 24 hours as chronically risk-averse investors drew encou...
Markets
Oct. 25, 2022

Bitcoin supera los US$20K y ether alcanza su pico más alto desde la fusión

Bitcoin superó el umbral psicológicamente importante de los US$20.000 en las operaciones de trading del martes. Read this article in English . La criptomoneda más importante por valor de mercado recientemente cotizó a US$20.134, una subi...
Markets
Oct. 25, 2022

Bitcoin Tops $20K, Ether Surges to Its Highest Point Since the Merge

Bitcoin surged past the psychologically important $20,000 threshold in Tuesday trading. The largest cryptocurrency by market value was recently changing hands at $20,134, up more than 4% over the last 24 hours. Bitcoin ( BTC ) last topped this l...
Markets
Oct. 25, 2022

La Copa Mundial se acerca y los tokens de los fanáticos de las selecciones de Perú, Argentina y Brasil se multiplican

La Copa del Mundo de la FIFA 2022, uno de los espectáculos deportivos más multitudinarios del mundo, está a menos de un mes. Read this article in English . El evento, que tiene fama de tener un resultado positivo para la economía globa...
Markets
Oct. 25, 2022

Polygon MATIC apunta a US$1 tras su reciente suba, según analistas de gráficos

El reciente avance del token MATIC de Polygon, una solución de escalado de capa 2, aumentó las posibilidades de que haya un repunte continuado hasta alcanzar US$1, el nivel que registró por última vez hace dos meses. Este es el mensaje que dejaro...
Markets
Oct. 25, 2022

First Mover Americas: Bitcoin, Ether Remain in Tight Price Range

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) and ether ( E...
Markets
Oct. 25, 2022

Polygon's MATIC Eyes $1 Level After Recent Breakout: Chart Analysts

The recent advance in layer 2 scaling solution Polygon's MATIC token has raised the scope for a continued rally to $1, the level last seen two months ago. That's the message from technical analysts studying price chart patterns to gauge an asset'...
Markets
Oct. 25, 2022

Fan Tokens of Peruvian, Spanish And Brazilian National Football Teams Rally As FIFA World Cup Nears

The 2022 FIFA World Cup, one of the biggest sporting spectacles, is less than a month away. The event, reputed to be a net positive for the global economy, seems to have brought excitement to the so-called Football fan tokens – cryptocurrencie...
Markets
Oct. 25, 2022

First Mover Asia: Is Binance Becoming Too Dominant?

Good morning. Here’s what’s happening: Prices: Bitcoin continued its weeks-long stay above $19K; most other major cryptos were slightly in the red. Insights: Has Binance grown too big and powerful? Catch the latest episodes of CoinDesk ...
Markets
Oct. 24, 2022

Market Wrap: Bitcoin Holds Its Perch Over $19K and Is Likely to Continue Trading in Its Current Narrow Range

Price Action Bitcoin ( BTC ) spent another day comfortably perched above $19,000 and well within the narrow range it has held for more than a month. Uber-investor Peter Brandt told CoinDesk TV that investors should not expect much to change for...
Markets
Oct. 24, 2022

Bitcoin alcanzará un máximo de tres años, pero primero tocará un piso de US$13K, según Peter Brandt

Bitcoin es aburrido y probablemente lo seguirá siendo el próximo año y medio, pero eventualmente verá máximos históricos, afirmó el lunes en el programa de CoinDesk “ First Mover ” Peter Brandt, fundador y CEO de la firma Factor Trading. Read t...
Markets
Oct. 24, 2022

Peter Brandt: BTC Will Hit All-Time Highs in 3 Years — But First, $13K

Bitcoin is dull – and will probably be dull for the next year and a half — but it will eventually see all-time highs thereafter, Peter Brandt, founder and CEO of proprietary trading firm Factor LLC, said Monday on CoinDesk’s “First Mover” progr...
Markets
Oct. 24, 2022

MakerDAO Members Support Founder's 'Endgame' Plan to Break Up into MetaDAOs, $2.1B of Transfers

Community members of MakerDAO, the largest decentralized finance (DeFi) protocol, voted to move forward with founder Rune Christensen’s bold plan to overhaul how the protocol works and make it more decentralized. The results, announced Monday, m...
Markets
Oct. 24, 2022

El precio del token de Dogechain se triplicó en siete días

Dogechain, un sistema de contrato inteligente basado en Polygon Edge para el token dogecoin del popular meme, ha aumentado su precio más de tres veces en los últimos siete días, según datos de CoinGecko . Read this article in English . ...
Markets
Oct. 24, 2022

NEAR Foundation Urges Wind-Down of USN Stablecoin, Sets Aside $40M

The NEAR Foundation, an organization supporting the blockchain of the same name, urged the wind-down of the USN stablecoin and announced it's setting aside $40 million aside to fund a "USN Protection Programme." USN is a NEAR-native stablecoin,...
Markets
Oct. 24, 2022

Meta Downgraded by BofA to Neutral From Buy Partly on Metaverse Concerns

Bank of America downgraded Facebook parent Meta (META) to neutral from buy on the likelihood that advertising spending pressure would increase next year and result in budget cuts, the bank said in a research report Monday. Bank of America cut it...
Markets
Oct. 24, 2022

Robinhood Adds Aave and Tezos to Platform

Fintech trading app Robinhood (HOOD) has added support for cryptocurrencies Aave ( AAVE ) and Tezos ( XTZ ) to its platform, the company announced via Twitter . The native crypto currency of decentralized lending platform Aave, AAVE has gained...
Markets
Oct. 24, 2022

Dogechain Token Price Triples in Seven Days

Dogechain, a Polygon Edge-based smart contract system for popular meme token dogecoin, has more than tripled in price in the last seven days, according to data from CoinGecko . The token, DC , began to increase in value on Friday, where it w...
Markets
Oct. 24, 2022

First Mover Americas: Bitcoin, Ether Flat Ahead of Busy Earnings Week, Dogecoin-Linked Token Soars

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) continued to ...
Markets
Oct. 24, 2022

Crypto Staking Platform Freeway Halts Withdrawals, Citing Market Volatility

Freeway, a crypto staking platform, announced late Sunday that it had paused withdrawal services, citing volatility in the crypto and forex markets and sending its token into a free-fall. The Freeway (FWT) token is down roughly 80% in the hou...
Markets
Oct. 24, 2022

First Mover Asia: US Continues to Give Itself a Supranational Mandate, Via State Security Agencies; Bitcoin Sees Slight Rebound, Ether Flat.

Good morning. Here’s what’s happening: Prices ● CoinDesk Market Index ( CMI ): 955.71 +1.63% ● Bitcoin ( BTC ): $19,625 +2.23% ● Ether ( ETH ): $1,365 +3.89% Insights: Can state regulators exert authority over projects without di...
Markets
Oct. 21, 2022

Market Wrap: Bitcoin, Ether Continue Their Sideways Moves as the World Twists and Turns

Price Action Bitcoin is certainly liking the air above $19,000. The largest cryptocurrency by market value remained above this threshold for the 14th consecutive day as investors continued to digest a range of issues that have been plaguing mar...
Markets
Oct. 21, 2022

Bitcoin Completes Second Full Week Below $20K as Aptos Finds Market Bottom

Bitcoin notched its 14th consecutive day of trading below $20,000, but was holding remarkably steady despite ongoing turmoil in traditional markets. Bitcoin ( BTC ), the largest cryptocurrency by market capitalization, was trading at around $19,...
Markets
Oct. 21, 2022

Larga vida a los memes: los entusiastas cripto buscan valor en tokens de bromas tras unos tuits de Vitalik Buterin

No llores porque es un mercado con muchos saltos. Una nueva clase de tokens de memes creados durante la semana pasada les devolvió mucho a los primeros inversores, con una capitalización de mercado que superó los US$50 millones en algunos casos....
Markets
Oct. 21, 2022

La caída de bitcoin podría continuar si la fortaleza del dólar se mantiene en los próximos trimestres, según Goldman Sachs

Un pico en el dólar estadounidense “parece estar a varios trimestres de distancia”, dijo el estratega de Goldman Sachs Kamakshya Trivedi en un artículo para los clientes del banco . Read this article in English . “No esperamos que la Fe...
Markets
Oct. 21, 2022

Smart Money Eyes Market-Neutral Trades as ADA, AXS See Unusually Low Funding Rates

While you continue to fret over the broader market lull, remember there are always opportunities out there and they often present themselves in different ways. For instance, holding a short position (a bearish bet) in the perpetual futures marke...
Markets
Oct. 21, 2022

Bitcoin's Slump Could Continue as Goldman Sees Several More Quarters of Dollar Strength

A peak in the U.S. dollar "feels several quarters away," said Goldman Sachs strategist Kamakshya Trivedi in a note the bank's clients . "We do not expect the Fed to embark on easing until 2024, and a trough in growth also seems months away," he...
Markets
Oct. 21, 2022

First Mover Americas: Bitcoin and Ether Stay Stable in Chaotic Week in Markets

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) and ether ( E...
Markets
Oct. 21, 2022

THE Memes Won’t DIE: Crypto Hopefuls Seek Value in Joke Tokens After Vitalik Buterin’s Tweets

Don’t cry over it being a rangebound market. A new class of meme tokens created over the past week has returned multiples to early investors, with market capitalization reaching over $50 million in some cases. The memes aren’t even about food, ...
Markets
Oct. 21, 2022

DeFi Options Platform Opyn's 'Crab Strategy' Generates 14% Return in Comatose Ether Market

A decentralized finance (DeFi) product that launched earlier this year to help investors profit from a sideways trending market is generating desired results. The "Crab" strategy, designed by leading DeFi options platform Opyn, is built to make ...
Markets
Oct. 20, 2022

First Mover Asia: Solana’s Anatoly Yakovenko Thinks His Phone Is the Tool for a Mobile Web3 Experience

Good morning. Here’s what’s happening: Prices: Bitcoin was so flat that crypto analysts had little to discuss besides the largest cryptocurrency's ultra-low volatility. Insights: Solana faces a major challenge in convincing people to use ...
Markets
Oct. 20, 2022

Market Wrap: Bitcoin Dull as Drama (Not the Kind You Want) Comes to Axie

Price Action Bitcoin ( BTC ) is officially boring: The price was flat on Thursday at just above $19,000, and data shows that the largest cryptocurrency by market value’s 30-day volatility is at its lowest in almost two years . Today’s dr...
Markets
Oct. 20, 2022

Bitcoin Flat as Volatility Hits 2-Year Low and Stocks Rise

With bitcoin unusually quiet at just above $19,000, investors are pondering the implications for the historically high-volatility cryptocurrency. Blockchain analytics firm IntoTheBlock’s data showed that bitcoin’s 30-day price volatility was a...
Markets
Oct. 20, 2022

El crecimiento del ecosistema cuenta la verdadera historia de las criptomonedas, no los precios

En medio del actual invierno cripto, estuve hablando con participantes dentro de la industria de activos digitales y escuché las mismas historias una y otra vez: Hay más inversores interesados en criptomonedas que nunca. El interés instituci...
Markets
Oct. 20, 2022

Crypto Gaming Token AXS Under Pressure as $215M Unlock Looms for Axie

Axie Infinity , which experienced a meteoric rise in popularity last year as one of the first crypto-focused computer games, could face significant selling pressure as $215 million worth of the project’s AXS tokens get unlocked in the coming d...
Markets
Oct. 20, 2022

Bernstein: la adopción institucional continúa a pesar del invierno cripto

Los administradores de activos que venían invirtiendo activamente en los mercados de criptomonedas durante el período alcista del 2020/21 continúan haciéndolo en el sector, se mantienen comprometidos con los activos digitales, y algunos hasta pla...
Markets
Oct. 20, 2022

First Mover Americas: Bitcoin Stays Above $19K as US Stocks Futures Slip Ahead of Earnings Reports

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) was trading f...
Markets
Oct. 20, 2022

A Year After Debut, ProShares Bitcoin ETF Has Underperformed Market By 1.8%

ProShares' bitcoin (BTC) futures exchange-traded fund (ETF) went live on the New York Stock Exchange (NYSE) a year ago, allowing investors to take a bullish exposure to the world's largest cryptocurrency without having to own it. Since its debut...
Markets
Oct. 20, 2022

Brokerage Firm Bernstein Says Institutional Adoption of Crypto Ongoing Despite the Crypto Winter

Asset managers that were actively investing in cryptocurrency markets in the bull market of 2020/21 continue to invest in the sector and remained committed to digital assets, with some planning to allocate more capital, brokerage firm Bernstein s...
Markets
Oct. 20, 2022

First Mover Asia: Why Bridges Are So Vulnerable to Exploit; Bitcoin Falls Under $19K

Good morning. Here’s what’s happening: Prices: Bitcoin dropped below its bottom support of $19K. Insights: Why have bridges been so vulnerable to exploits? Catch the latest episodes of CoinDesk TV for insightful interviews with c...
Markets
Oct. 19, 2022

Market Wrap: Bitcoin Hovers at $19K to Remain Within Current Range

Price Action Bitcoin and ether were flat, decentralized finance (DeFi) tokens were up amid moderate trading volume as investors continued their fretful watch of wider economic indicators. The DeFi token rally was a rare exception in a market th...
Markets
Oct. 19, 2022

Investors’ Time Horizons Will Determine Their Bitcoin Positions

(The material following is provided for informational purposes only, and should not be construed as investment advice. The author, Glenn Williams, CMT, is an analyst for CoinDesk Markets.) Bitcoin declined 0.74% on moderate volume, as the larg...
Markets
Oct. 19, 2022

El retroceso de los futuros de bitcoin podría indicar un estado de ánimo bajista

Los futuros de bitcoin que cotizan en Chicago Mercantile Exchange (CME) entraron en un prolongado proceso de retroceso durante septiembre, algo que teóricamente indicaría una señal bajista, según un informe semanal realizado por la plataforma d...
Markets
Oct. 19, 2022

Desarrolladores de Terra presentan un plan de 4 años para revivir el ecosistema LUNA

Desarrolladores de Terra presentaron una nueva propuesta a principios de esta semana para reavivar la alguna vez poderosa red a pesar de que Do Kwon, el controvertido cofundador de la plataforma, se enfrenta a una orden de arresto por cargos de f...
Markets
Oct. 19, 2022

With Bitcoin and Stocks Flat, Rally in DeFi Tokens Gets Notice

The cryptocurrency market was mixed on Wednesday: While prices for top assets bitcoin and ether were unusually stable given their volatile history, tokens from decentralized finance (DeFi) took the spotlight. The CoinDesk Market Index fell b...
Markets
Oct. 19, 2022

Bitcoin Futures ‘Backwardation’ Could Signal Bearish Mood

Bitcoin futures listed on the Chicago Mercantile Exchange slipped into prolonged backwardation during September, theoretically a bearish signal, according to a weekly report from crypto platform Luno. Backwardation is an unusual condition in...
Markets
Oct. 19, 2022

Bitcoin se estanca y encuesta del Bank of America revela que el “dólar largo” es el favorito

Se suponía que bitcoin (BTC) debía recuperarse en octubre, mes estacionalmente alcista. Sin embargo, hasta ahora el repunte ha sido difícil de ver, dado que los inversores sofisticados continúan apostando al dólar estadounidense (USD). Read...
Markets
Oct. 19, 2022

First Mover Americas: Bitcoin, Ether Slip as UK Inflation Hits 40-Year High

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) lost ground o...
Markets
Oct. 19, 2022

Terra Developers Unveil 4-Year Plan to Revive LUNA Ecosystem

Terra developers floated a new proposal earlier this week as they look to revive the once-mighty ecosystem even as its controversial co-founder remains wanted by authorities. Termed the “Terra Expedition,” the proposal is a revised iteration...
Markets
Oct. 19, 2022

Bitcoin Stuck in a Rut as BofA Survey Reveals 'Long Dollar" is Most Favored Trade

Bitcoin (BTC) was supposedly due for a recovery rally in the seasonally bullish month of October. So far, however, the bounce has remained elusive, as sophisticated investors continue to park money into the U.S. dollar (USD). Bank of America...
Markets
Oct. 19, 2022

Celo Protocol Moola Market Loses Over $10M in Market Manipulation Attack

Celo-based lending and borrowing protocol Moola Market saw over $10 million worth of tokens stolen, and later returned, this morning after a market manipulation attack. The exploit was the second of its kind in the last few weeks, with the att...
Markets
Oct. 19, 2022

First Mover Asia: All Eyes on Aptos; Cryptos Trade Down Even as Stocks Rise

Good morning. Here’s what’s happening: Prices: Bitcoin and other cryptos slightly languish as traditional financial markets point upward. Insights: Crypto investors and others have scrutinizing Aptos. Prices ● ...
Markets
Oct. 18, 2022

Market Wrap: Crypto Prices Decline Slightly as Trading Volumes Continue to Sag

Price Action BTC and ETH returned a portion of their Monday gains as volume and volatility continued to decline in cryptocurrency markets. The CoinDesk Market Index (CMI) , a broad-based market index that measures the performance of a basket...
Markets
Oct. 18, 2022

Bitcoin Slips as Stocks Rise, Sparking Speculation Over Correlation

Crypto markets were lower in U.S. midday trading, underperforming stocks as the correlation between bitcoin and the Standard & Poor’s 500 Index fell to the lowest point since January. The CoinDesk Market Index fell by 1.6% over the past 24...
Markets
Oct. 18, 2022

Bitcoin: la popularidad de futuros con margen en efectivo podría disminuir cascadas de liquidación

Los mercados de derivados de bitcoin (BTC) experimentaron un cambio estructural significativo en los últimos 18 meses, lo que hizo que la clase de activos sea menos vulnerable a las cascadas de liquidación que inducen volatilidad. Read this art...
Markets
Oct. 18, 2022

Crypto Wallet BitKeep Hacked for $1M in BNB Chain, Polygon Tokens

Crypto wallet BitKeep was hacked for over $1 million worth of BNB Chain and Polygon-based tokens in early Asia hours on Tuesday, developers said. BitKeep supports tokens from over 30 mainnets, such as Ethereum, Polygon, Solana and BNB Chain, and...
Markets
Oct. 18, 2022

First Mover Americas: Bitcoin Holding Up at $19.5K Despite Bearish Conditions

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) managed to st...
Markets
Oct. 18, 2022

Growing Popularity of Cash-Margined Bitcoin Futures Suggests That Crypto 'Liquidation Cascades' Might Become Rare

The bitcoin (BTC) derivatives market has undergone a significant structural change in the past 18 months, making the asset class less vulnerable to volatility-inducing liquidation cascades. The cash-margined contracts, which require traders to d...
Markets
Oct. 18, 2022

DappRadar Says Decentraland has 650 Daily Active Users

Decentraland has been upgraded from a hamlet to a village, according to revised numbers from the data platform DappRadar. DappRadar says there are now 650 daily Unique Active Wallets (UAW) on Decentraland, or users interacting with the dApp, d...
Markets
Oct. 18, 2022

What's in a Name? Apricot Finance's Token Surges on Similarity to Aptos Token's Ticker

Tokens of the lending application Apricot Finance, which was launched in 2021, surged on Tuesday despite the lack of any recent technical upgrade and little chatter on its social media forums. An unintended anomaly caused the surge instead. Ap...
Markets
Oct. 17, 2022

First Mover Asia: Macau’s Digital Currency Embrace Could Be a Nightmare for Its Casino Industry; Bitcoin Points Upward

Good morning. Here’s what’s happening: Prices: Bitcoin and other cryptos point upward amid a renewed embrace of riskier assets. Insights: Does Macau really want or need a digital currency? Prices ● CoinDesk M...
Markets
Oct. 17, 2022

Market Wrap: Bitcoin and Ether Start the Week Higher

Price Action Bitcoin and ether started the week in positive territory as risk assets of various stripes rose. Macroeconomic data will be relatively light this week, although markets will be eyeing Wednesday’s inflation data from Great Britain al...
Markets
Oct. 17, 2022

Bitcoin Climbs Over $19.5K Amid Wider Rally in Riskier Assets

Bitcoin rose for the second consecutive day and was recently trading just over $19,500, a nearly 2% gain over the past 24 hours and stark contrast from last week’s late roller coaster ride. The largest cryptocurrency by market capitalization tra...
Markets
Oct. 17, 2022

Bitcoin: el cambio de la Fed no traería alivio inmediato

Los alcistas del golpeado bitcoin (BTC) esperan ansiosamente que la Reserva Federal de los Estados Unidos (Fed, por sus siglas en inglés) deje atrás el actual endurecimiento de la liquidez y ofrezca un salvavidas para los activos de riesgo. Sin e...
Markets
Oct. 17, 2022

First Mover Americas: Technical Signs Flashing Green for Bitcoin and Ether, Quant Network's Token Surges 14%

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) was up slight...
Markets
Oct. 17, 2022

Fed Pivot May Not Bring Immediate Relief to Bitcoin

Battered bitcoin (BTC) bulls eagerly await the Federal Reserve (Fed) to move away from the ongoing liquidity tightening and offer a lifeline to risk assets. However, the so-called Fed pivot in favor of easing may not bring immediate relief to t...
Markets
Oct. 17, 2022

Quant Network's QNT Token Enters Top 30 Crypto List With an Envious 'Overbought' Status

"There's always a bull market somewhere," Mad Money Host Jim Cramer once famously said. Perhaps truer words have never been spoken, as a cryptocurrency called QNT, the native token of interoperability-focused Quant Network, has come out of obliv...
Markets
Oct. 17, 2022

First Mover Asia: A Pan-Asian Digital Currency? Good Luck Getting Rivals to Cooperate; Cryptos Hold Steady in Weekend Trading

Good morning. Here’s what’s happening: Prices: Bitcoin and other major cryptos rose slightly on Sunday but remained about where they were at the start of the weekend. Insights: A Pan-Asian digital currency may not be as desirable as Chine...
Markets
Oct. 14, 2022

Market Wrap: Crypto Markets Take Quieter Ride Following Thursday’s Roller Coaster

Price Action A week highlighted by the release of a disappointing inflation report and other discouraging economic indicators ultimately did little to stir bitcoin from its narrow price range of the past few weeks. Daily trading volume for the ...
Markets
Oct. 14, 2022

¿Por qué las criptomonedas se dispararon tras las malas noticias sobre la inflación?

El jueves 13 de octubre fue uno de los días más extraños de los últimos tiempos para los mercados de activos. Las acciones, los bonos y bitcoin cerraron en alza a pesar de las sombrías noticias sobre la inflación que deberían haber provocado un...
Markets
Oct. 14, 2022

Bitcoin Steady Above $19K Even as Stocks Give Back Thursday’s Wild Gains

Bitcoin was holding steady in midday trading, as investors in traditional markets reacted negatively to mixed earnings results from U.S major banks . Bitcoin ( BTC ) was trading around $19,300, up about 0.8% over the past 24 hours. The cryptocu...
Markets
Oct. 14, 2022

Bitcoin: es poco probable que registre una recuperación notable tras el short squeeze del jueves

Bitcoin tuvo un espectacular rebote a última hora del jueves y desafió a la opinión común que estaba de acuerdo con una caída sostenida a raíz de que los datos del Índice de Precios de Consumo (CPI, por sus siglas en inglés) fueron más altos de l...
Markets
Oct. 14, 2022

First Mover Americas: Bitcoin Rebounds to $19.6K, Ether Up 6%

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) has gained gr...
Markets
Oct. 14, 2022

Bitcoin Unlikely to See Notable Recovery After Thursday's Short Squeeze: Traders

Bitcoin (BTC) chalked up a dramatic rebound late Thursday, defying consensus for a continued slide in the wake of a hotter-than-expected U.S. consumer price index (CPI) data The leading cryptocurrency fell to a four-month low of $18,140 on major...
Markets
Oct. 14, 2022

First Mover Asia: Crypto Trading Firm Amber CEO Argues Bitcoin Can Still Be an Inflation Hedge; Cryptos' Surprising Rebound

Good morning. Here’s what’s happening: Prices: Bitcoin and other major cryptos were holding the same range they'd occupied prior to the latest inflation figures. Insights: The CEO of crypto trading firm Amber says that there's no better ...
Markets
Oct. 13, 2022

Market Wrap: Prices Plunge Following Hot Inflation Report, Then Reverse Course Completely

Price Action Bitcoin and ether sold off sharply before reversing course following the release of unexpectedly high inflation numbers from Thursday's Consumer Price Index (CPI) . Bitcoin ( BTC ) sold off immediately after the report, decl...
Markets
Oct. 13, 2022

Bitcoin Rebounds Over $19K After Plunge Triggered by Hot Inflation Report

Bitcoin rebounded above $19,000 on Thursday in a wild day of trading that earlier saw the largest cryptocurrency dive after a hotter-than-expected U.S. inflation report. Analysts were at pains to explain the logic of the move, since the Consume...
Markets
Oct. 13, 2022

Las acciones cripto se desploman y bitcoin cae a US$18.100 tras la publicación de la inflación

Es un día difícil para las acciones en general y para las de criptomonedas en particular luego de que el informe del CPI del jueves a la mañana mostrara que la inflación de septiembre aumentó inesperadamente hasta 6,6%, el máximo en cuatro déca...
Markets
Oct. 13, 2022

TrueFi's $4M Bad Debt in Limbo Shows Risk of Crypto Lending Without Collateral

The crypto bear market is teaching the still-in-its-infancy decentralized finance ( DeFi ) industry that banking can be a tough business. On Oct. 9, TrueFi, a DeFi protocol where institutional investors can take out loans without collateral, is...
Markets
Oct. 13, 2022

Crypto Stocks Plunge as Bitcoin Slides to $18.1K on Inflation Print

It's a rough session for equities in general and crypto stocks in particular after Thursday morning's CPI report showed core inflation in September unexpectedly rising to a four-decade high of 6.6%. Headline inflation was 8.2%, also topping eco...
Markets
Oct. 13, 2022

La inflación en EE. UU. es más elevada de lo esperado en septiembre y bitcoin registra una caída

El Departamento de Trabajo de los Estados Unidos informó el jueves que los precios al consumidor en ese país se desaceleraron respecto al mes anterior, pero la tasa de inflación siguió siendo más rápida de lo que los economistas habían previsto. ...
Markets
Oct. 13, 2022

Ether abandona consolidación de precio triangular con una caída de 6% tras datos de inflación en EE. UU

Ether (ETH) se enfrenta a la presión de venta tras la publicación del informe de inflación de los Estados Unidos, que registró una desaceleración respecto al mes anterior pero aún así advirtió una tasa más rápida de la que los economistas habían ...
Markets
Oct. 13, 2022

US Inflation Faster Than Expected in September; Bitcoin Falls

U.S. consumer prices in September slowed from the prior month, the Labor Department reported Thursday, but the inflation rate was still faster than economists had predicted. Bitcoin (BTC) tumbled nearly 3% in the minutes after the report to the...
Markets
Oct. 13, 2022

First Mover Americas: Bitcoin Falls to $18.1K After CPI Data

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) dropped to as...
Markets
Oct. 13, 2022

Ether Exits Triangular Price Consolidation With 4% Drop

Ether (ETH) is facing selling pressure ahead of the U.S. inflation report that could offer clues on whether the Federal Reserve has the room to slow liquidity tightening. Ethereum's native token dropped 4% to $1,220 on Thursday, exiting a three-...
Markets
Oct. 13, 2022

Ether Becomes Deflationary for First Time Since the Merge: Coinbase

Ether (ETH) reached a “post-Merge milestone” this week as it became deflationary for the first time since the Ethereum blockchain switched to proof-of-stake (PoS), Coinbase (COIN) said in a report Thursday. It became deflationary as more ether w...
Markets
Oct. 13, 2022

Huobi Token Surges 75% as Tron Founder Justin Sun Calls for Empowering the Exchange Token

Investors who bargain-hunted Huobi token (HT) at 21-month lows a week ago may be laughing their way to the bank. The native coin of China's once-popular crypto exchange Huobi Global has rallied over 70% since Monday, reaching a four-month high o...
Markets
Oct. 13, 2022

First Mover Asia: How Many Metaverse Users Are There? The Figures Are Debatable and Discouraging

Good morning. Here’s what’s happening: Prices: Bitcoin rose slightly amid tepid trading as investors await the next Consumer Price Index – not that it will likely present any surprises. Insights: Metaverse companies would like you to thin...
Markets
Oct. 12, 2022

IMF’s Georgieva Warns Central Banks to Hoard Reserves, Follow Fed Hikes

Washington D.C. – The head of the International Monetary Fund said Wednesday that central banks should refrain from currency interventions, instead suggesting that they use interest-rate raises as the preferred tool for combating foreign-exchange...
Markets
Oct. 12, 2022

Market Wrap: Bitcoin Trades Higher Amid Muted Expectations for Next Inflation Reading

Price Action The two bellwethers within the crypto landscape traded higher on Wednesday as bitcoin and ether rose 0.42% and 1.34%, respectively. Bitcoin ( BTC ) trading volume continues to fall below its 20-day moving average, highlightin...
Markets
Oct. 12, 2022

Bitcoin se aferra a los US$19K y los traders hacen sus apuestas antes de la publicación de inflación

Bitcoin se mantuvo estable en el terreno de los USD19.100, lo que representa un incremento luego de dos días de pérdidas diarias consecutivas, ya que los traders apostaron a los mercados tradicionales antes de la esperada publicación del jueves s...
Markets
Oct. 12, 2022

Cómo la manipulación de mercado llevó a un exploit de US$100 millones en el exchange DeFi de Solana Mango

Un astuto trader de criptomonedas utilizó millones de dólares para manipular los precios de los tokens MNGO de Mango en el exchange descentralizado homónimo (DEX) para finalmente drenar más de US$116 millones en liquidez de la plataforma. Rea...
Markets
Oct. 12, 2022

US Consumer Price Index for September Could Provide Push for Bitcoin to Break Out of Its Recent Range

A U.S. inflation report due Thursday might be the catalyst that finally snaps bitcoin (BTC) out of an unusually long spell of uncharacteristically low price volatility, analysts say. The Labor Department on Thursday is expected to report that ...
Markets
Oct. 12, 2022

Bitcoin Clings to $19K as Traders Place Bets Ahead of Key Inflation Data

Bitcoin held steady in the $19,100 territory, moving higher after two consecutive daily losses as stock traders bid up traditional markets ahead of Thursday’s expected release of critical Consumer Price Index (CPI) inflation data. The CoinDesk ...
Markets
Oct. 12, 2022

Indicador técnico de bitcoin señala grandes movimientos y algunos traders se preparan para “vender volatilidad”

Los traders de bitcoin (BTC) pronto tendrán lo que más les gusta: volatilidad de mercado. Esta es la señal que mostró un indicador técnico llamado bandas de Bollinger, el cual se utiliza para medir períodos de alta y baja volatilidad y los cambio...
Markets
Oct. 12, 2022

First Mover Americas: Bitcoin Due for Big Move, Solana's TVL Tanks After Mango Exploit

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) , the wo...
Markets
Oct. 12, 2022

Bitcoin Technical Indicator Signals Big Moves With Some Traders Getting Ready to 'Sell Volatility'

Bitcoin (BTC) traders will soon get the one thing they love the most: market volatility. That's the signal from a technical indicator called Bollinger bandwidth, which is used to gauge periods of high and low volatility and shifts in volatility t...
Markets
Oct. 12, 2022

How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange Mango

A rogue crypto trader utilized millions of dollars to manipulate the prices of Mango’s MNGO tokens on the namesake decentralized exchange (DEX) to eventually drain over $116 million in liquidity from the platform. The exchange allows users to ...
Markets
Oct. 12, 2022

Mango Markets Hacker Provides Ultimatum: ‘Repay Bad Debt’

The hacker behind the recent exploit that drained Solana-based decentralized finance (DeFi) lending protocol Mango Markets of $100 million has proposed an ultimatum to the community. Posting on Mango's governance proposal platform , the hacker...
Markets
Oct. 12, 2022

First Mover Asia: Will Bitcoin Remain in the Doldrums? Signals Are Mixed; Major Cryptos Are Mostly Flat

Good morning. Here’s what’s happening: Prices: Bitcoin and a number of major cryptos traded sideways on Tuesday. Insights: Bitcoin has been trading sideways for weeks, but the latest Consumer Price Index inflation data may stir the larges...
Markets
Oct. 11, 2022

Market Wrap: Bitcoin Remains in a Quiet Place Ahead of FOMC Minutes

Price Action Bitcoin and ether traded flat on Tuesday, continuing a theme of low volume and volatility in digital asset markets in recent weeks. Bitcoin ( BTC ) trading volume fell below its 20-day moving average for the seventh consecuti...
Markets
Oct. 11, 2022

Bitcoin Recovers $19K Though Inflation Fears Haunt Market

Bitcoin ( BTC ) reclaimed the $19,000 mark, rebounding with traditional markets after earlier in the day touching the lowest price in almost two weeks. The CoinDesk Market Index fell by 0.22% over the past 24 hours. At press time, bitcoin, the...
Markets
Oct. 11, 2022

Looming US CPI Report Has Bitcoin Investors Seeking Protection in Case Inflation Tops Expectations

Bitcoin (BTC) traders have turned cautious ahead of an impending U.S. inflation report, after being burnt the last time by positioning for a post-report bullish move. The Labor Department on Thursday is likely to report that the core consumer pr...
Markets
Oct. 11, 2022

First Mover Americas: Once-Bouncing Bitcoin Now Just Rolls Like Ball

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) and ether ( E...
Markets
Oct. 11, 2022

Former CEO of Bankrupt Crypto Lender Celsius Cashes Out $960K in CEL, USDC, Data Show

Almost $1 million in CEL and USDC has been sent to UniSwap and MetaMask since the beginning of October from wallets belonging to Alex Mashinsky, according to data compiled by Nansen. On-chain data from analytics platform Nansen identifies wall...
Markets
Oct. 11, 2022

Bitcoin's Calm Amid Soaring Bond Market Volatility Points to 'HODLer'-Dominated Crypto Market

Since the early days, cryptocurrencies, including bitcoin (BTC), have been criticized for being too volatile relative to traditional markets and unreliable as a medium of exchange or a store of value. However, recently bitcoin, the so-called ris...
Markets
Oct. 11, 2022

First Mover Asia: Influencer Logan Paul’s ‘Bumblebee’ NFT Is Worth More Than $10; Bitcoin Dips Late but Remains Over $19K

Good morning. Here’s what’s happening: Prices: Bitcoin's late dip doesn't shake it from its $19K perch. Insights: What is Logan Paul's "Bumblebee" NFT worth? Probably more than some observers thought. Catch the latest episodes of CoinD...
Markets
Oct. 10, 2022

Market Wrap: Bitcoin Trades Flat Ahead of Inflation Report

Price Action Bitcoin and ether started the work week slightly lower as markets await U.S. inflation data due Thursday. Impactful economic data announcements will be light until that point, although investors will be scrutinizing September’s Fe...
Markets
Oct. 10, 2022

Bitcoin y ether caen ligeramente mientras surgen dudas macroeconómicas en el mercado

Los mercados cripto bajaron el lunes y cotizaron en sintonía con los mercados tradicionales, mientras los inversores esperan un informe clave sobre la inflación en los Estados Unidos que se publicará a finales de esta semana. El CoinDesk Market...
Markets
Oct. 10, 2022

Bitcoin and Ether Fall Slightly as Macro Clouds Loom Over Market

Crypto markets were lower on Monday, trading in sync with traditional markets as investors awaited a key U.S. inflation report due later this week. The CoinDesk Market Index , a broad-based market index that measures performance of cryptocurren...
Markets
Oct. 10, 2022

Crypto Funds Witness Minor Outflows – but It's Bullish, Actually

Crypto funds saw outflows totaling $5 million last week, fueled by sizable redemptions from “short” investment products, or those designed to profit from price declines, according to data from CoinShares . “This suggests sentiment remains posit...
Markets
Oct. 10, 2022

Paul Tudor Jones Tamps Down Bitcoin Bullishness

"I still have a minor allocation to bitcoin," said Paul Tudor Jones in a CNBC appearance on Monday morning. It wasn't exactly a rousing endorsement of the crypto given Jones' major bullishness two-plus years ago. At the time in mid-2020, the hed...
Markets
Oct. 10, 2022

First Mover Americas: Bitcoin Stable Around $19K as Inflation, Earnings Haunt Traditional Markets

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) started the w...
Markets
Oct. 10, 2022

Back to Square One? Circle's USDC Market Cap Drops Below $50B for First Time Since Terra's Collapse

Circle's dollar-pegged stablecoin USD coin (USDC) has returned to earth after seeing impressive growth following the collapse of Terra in May. The stablecoin's market value has dropped by $10 billion to $46 billion in three months, hitting the l...
Markets
Oct. 10, 2022

Crypto Investment Firm Blockwater Technologies Defaults on DeFi Loan

South Korean blockchain investment firm Blockwater Technologies defaulted on a loan from TrueFi, a decentralized lending protocol, TrueFi said in a statement Sunday. According to the statement, TrueFi issued a “notice of default” to Blockwater...
Markets
Oct. 07, 2022

Market Wrap: Bitcoin, Other Risk Assets Fall Again Following Disappointing Jobs Data

Price Action Bitcoin and ether traded down to close the week, decreasing in line with traditional risk assets, though not to the same extent. The CoinDesk Market Index (CMI) , a broad-based market index that measures the performance of a bas...
Markets
Oct. 07, 2022

Valkyrie Funds, Ark Invest Say Crypto Has Hit ‘Bottom’ Amid Recession Woes

On Friday the Labor Department reported U.S. job growth rose by 263,000 during September, which was better than expected but still lower than August’s 315,000 additional jobs. So does the decrease in new jobs signal a change in Federal Reserve...
Markets
Oct. 07, 2022

Powell’s Interest-rate Antibiotics Could Succeed

There has been renewed speculation in recent days about the U.S. Federal Reserve’s commitment to its rate-hiking cycle. Fed Chair Jerome Powell has been unwavering in his clear message that the beatings will continue until discipline improves: In...
Markets
Oct. 07, 2022

El crecimiento del empleo en EE. UU. se desacelera menos de lo esperado y bitcoin cae debajo de los US$20K

Los empleadores estadounidenses agregaron 263.000 puestos de trabajo en septiembre, un poco más de lo esperado, pero aun reflejando un mercado laboral debilitado. Read this article in English . Bitcoin ( BTC ) cayó alrededor de 2% luego ...
Markets
Oct. 07, 2022

US Jobs Growth Slows Less Than Expected; Bitcoin Slips From $20K

U.S. employers added 263,000 jobs in September, slightly more than expected but still reflecting a weakening labor market. Bitcoin ( BTC ) fell about 1% in the minutes after the report was released as the better-than-expected report gives the Fe...
Markets
Oct. 07, 2022

First Mover Americas: It’s Payrolls Day Again, and Bitcoin Holds Tight Near $20K

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) dipped below ...
Markets
Oct. 07, 2022

Will Comatose Bitcoin Market Come Alive After NFP Data?

Traders love volatility, which has recently gone missing from the bitcoin (BTC) market. The leading cryptocurrency by market value has been locked in the narrow range of $18,000 to $20,500, barring a brief spike above $22,000 around mid-Septembe...
Markets
Oct. 07, 2022

Binance Smart Chain Validators Look to Push Update to Bring BSC Back Online

The Binance Smart Chain (BSC) is expected to be back online by 06:00 Coordinated Universal Time (UTC) as chain validators are working to push out an update that will freeze hacked accounts. Binance halted the BSC chain earlier Friday after an...
Markets
Oct. 07, 2022

First Mover Asia: The Crash of Three Arrows Capital’s Starry Night Portfolio Shows NFTs Lack of Staying Power; Bitcoin Regains $20K After Earlier D...

Good morning. Here’s what’s happening: Prices: Bitcoin fell below $20K in its ongoing tango with the psychologically important threshold. Insights: Three Arrows Capital's Starry Night NFT collection is worth a fraction of what the now...
Markets
Oct. 06, 2022

Bitcoin’s Correlation With Gold Hits Highest Level in Over a Year

Bitcoin’s reduced tendency to move in tandem with U.S. stocks has refocused analysts on a correlation that’s suddenly strengthening: the cryptocurrency’s connection to gold. The two assets’ merging paths follow a recent trend, branching away fro...
Markets
Oct. 06, 2022

Market Wrap: Bitcoin Trades Flat for a Second Consecutive Day, but Outpaces Traditional Markets

Price Action Bitcoin traded slightly higher on Thursday and most cryptocurrencies spent much of the day in positive territory. The CoinDesk Market Index (CMI) , a broad-based market index that measures the performance of a basket of cryptocu...
Markets
Oct. 06, 2022

Crypto Failures Fueled Better Due Diligence

How do investors in traditional risk assets stay safe in rough markets ? They flee to fundamentals, value, income or quality – some expression of factors that lead to a traditional security having less volatility and more advantageous returns in...
Markets
Oct. 06, 2022

First Mover Americas: Bitcoin Stays Close to $20K, Sushi's Token Surges 14%

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) remained at t...
Markets
Oct. 06, 2022

DeFi Platform Ribbon Finance's Unsecured Lending Product Sees Crypto Firms Folkvang and Wintermute Borrow Over $10M

Unless you have been underwater for months, you have probably heard that adverse macroeconomic conditions have made crypto market participants risk averse. However, the early activity in the Ethereum-based structured product firm Ribbon Finance'...
Markets
Oct. 06, 2022

First Mover Asia: BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns

Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major cryptocurrencies were trading sideways as investors fretted over new job figures and OPEC oil cuts. Insights: BitMEX has shifted away from Hong Kong, where it l...
Markets
Oct. 05, 2022

Market Wrap: Crypto Markets Flatten as Latest Employment Data Throws a Setback for Inflation Hawks

Price Action Bitcoin and ether prices flattened in Wednesday trading as investors weighed the latest jobs data suggesting the economy isn’t finished growing. Bitcoin’s ( BTC ) price slumped a fraction of a percentage point on Wednesday bu...
Markets
Oct. 05, 2022

Crucial US Jobs Report Could Test Fed's Resolve, Bitcoin's Resilience

Another week, another shift in tone: Traders in traditional markets are once again betting that the Federal Reserve could soon pivot to a softer stance on monetary policy. But a strong U.S. jobs report on Friday from the Labor Department cou...
Markets
Oct. 05, 2022

Crypto Derivatives Exchange PowerTrade Launches RFQs for Institutional Options Trading

PowerTrade , a crypto exchange focused on derivatives, is rolling out a request-for-quote (RFQ) model for the options market, which it says will cater to institutional investors by mirroring a widely used practice in traditional finance. The ...
Markets
Oct. 05, 2022

Interest Surges in Bitcoin Speculation, But It Might Be Bearish

A new record has been reached in the trading of a key speculative tool in cryptocurrency markets: the bitcoin perpetual swap. Open interest in the “perps,” as they are known, has spiked to an all-time high of 450,000 BTC , according to data fro...
Markets
Oct. 05, 2022

Dogecoin Loses Momentum From Musk Twitter News

Elon Musk's favorite cryptocurrency dogecoin (DOGE) appears to have lost the momentum it was gathering following Tuesday's news that the Tesla (TSLA) CEO's purchase of Twitter (TWTR) was back on the table . The Shiba Inu dog meme-inspired crypt...
Markets
Oct. 05, 2022

Decentralized Exchange Token GMX Surges Amid Binance, FTX Listings

Tokens of the decentralized exchange GMX surged close to an all-time high Wednesday as Binance and FTX, two of the world’s most widely used crypto exchanges, announced plans to list the project. GMX jumped to as high as $60 from around $40, da...
Markets
Oct. 05, 2022

Price Point: Bitcoin Stays Above $20K as US Stock Futures Drop After 2 Days of Big Gains

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Price Point Bitcoin ( BTC ) managed to re...
Markets
Oct. 05, 2022

Web3 Gaming Has a Long Way to Go Before It Becomes Mainstream, Survey Says

There’s a lot of money going into Web3 gaming. In the last year, hundreds of millions of dollars have been raised with the intent to deploy them into what the crypto industry views as the future of gaming. But despite the abundance of capit...
Markets
Oct. 05, 2022

Three Arrows Capital Liquidators Take Possession of Starry Night NFT Wallet

The move of Starry Night Capital's NFTs to a Gnosis Safe wallet was Three Arrows Capital's liquidators taking control of the digital assets, a filing from Teneo confirmed. "Thanks to the cooperation of VincentVanDough (VVD), all Starry Nigh...
Markets
Oct. 05, 2022

First Mover Asia: Bitcoin Is Upbeat Above $20K as Investors Grow Optimistic That Steep Rate Hikes Will Soon End; Kim Kardashian and the SEC's Publi...

Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other cryptos spend another day in the green. Insights: The SEC's settlement with mega-influencer Kim Kardashian is a warning to investors, as CoinDesk columnist Daniel Ku...
Markets
Oct. 04, 2022

Market Wrap: Markets Seem Hopeful the Fed Will Temper Rate Increases That Crushed Prices

Price Action Bitcoin and ether rose on Tuesday, logging a second consecutive day of gains. Bitcoin’s ( BTC ) price advanced 2.8% on Tuesday, building on Monday’s 2.7% gain. The largest cryptocurrency by market capitalization got back abov...
Markets
Oct. 04, 2022

First Mover Americas: Bitcoin Busts Past $20K on Hopes of Fed Pivot

Price Point: Bitcoin rises above $20,000, as risky assets climb on the hopes that central banks will pivot away from their money-tightening policies. Market Moves: Bitcoin's bullish momentum is building. Chart of the Day: Financial stres...
Markets
Oct. 04, 2022

Bitcoin Gains Momentum on Fed Pivot Narrative, But Some Banks Anticipate Dollar Rebound

Bitcoin (BTC) continues to build bullish momentum, hoping that financial stability risks and signs of economic slowdown will force the Federal Reserve (Fed) to pivot away from aggressive liquidity withdrawal measures. However, some observers are ...
Markets
Oct. 04, 2022

Shares in Grayscale's Bitcoin Trust Trade at 36% Discount to Fund's NAV

While bitcoin's (BTC) bear market has paused , the shares in Grayscale Investment's bitcoin trust (GBTC) are yet to find relief. The discount in GBTC shares relative to the underlying cryptocurrency held in the fund widened to a record 36.2% on...
Markets
Oct. 04, 2022

First Mover Asia: Bitcoin Climbs Back Past $19.5K Amid Fresh Hopes for a Fed Retreat; Binance's Failed Plan to Boost the Price of Luna Classic

Good morning. Here’s what’s happening: Prices: Bitcoin climbs past $19.5K in a good day for cryptos. Insights: Binance's plan to burn a small amount of LUNC’s bloated supply failed to have a lasting impact on the hyperinflated token. ...
Markets
Oct. 03, 2022

Luna Classic, Remnant of Terra Collapse, Drops After Underwhelming Binance Burn Mechanism Data

The crypto exchange Binance’s planned “burn” of luna classic ( LUNC ) – the remnant cryptocurrency of the failed blockchain project Terra prior to its reboot – was supposed to boost the price. At least, that was the speculation of many crypto t...
Markets
Oct. 03, 2022

Market Wrap: Bitcoin and Ether Kick Off Week in Positive Territory

Price Action Bitcoin and ether showed continued resiliency Monday, both starting the week in positive territory. Bitcoin’s ( BTC ) price rose 2.7% on Monday on low trading volume, continuing its recent range-bound trajectory. The largest ...
Markets
Oct. 03, 2022

Bitcoin: estabilidad se asemeja a la calma de 2018 que terminó con una caída de 50%, según comunidad cripto de Twitter

Se trata del mercado de bitcoin (BTC) visto como un vaso medio lleno o como uno medio vacío. Read this article in English . Para los optimistas, factores como la ausencia de vendedores grandes, la tenencia persistente de los inversores...
Markets
Oct. 03, 2022

First Mover Americas: Bitcoin Remains Above $19K as Long-Term Holders Stay the Course

Price Point: Bitcoin rose slightly to $19,200 on Monday, even as stocks fell around the world. Market Moves: Long-term holders are keeping bitcoin, helping the cryptocurrency to remain resilient as other risky assets fall. One trader, howev...
Markets
Oct. 03, 2022

Range-Bound Bitcoin Reminds Crypto Twitter of 2018 Lull That Ended With 50% Crash

It's the glass half-full, glass half-empty bitcoin (BTC) market. To bulls, factors like the absence of large sellers, persistent holding by long-term investors and the cryptocurrency's resilience in the face of turmoil in traditional financi...
Markets
Oct. 03, 2022

First Mover Asia: Bitcoin Sees No October Rise Yet; the Dollar as the Protocol in the Future of Money?

Good morning. Here’s what’s happening: Prices: Bitcoin started what has historically been a strong month about where it ended a dismal September, holding over $19K. Insights: USDC's stablecoin-fueled model of money, in which the dollar f...
Markets
Oct. 02, 2022

Crypto Futures Exchange BitMEX CEO: Expect an Exchange Token ‘This Year’

Crypto futures and spot exchange BitMEX is planning on launching its exchange token, BMEX, by the end of the year its CEO said in an interview with CoinDesk at the Token2049 conference in Singapore. “If you launch a token in a market which clear...
Markets
Sep. 30, 2022

Market Wrap: Bitcoin Holds Strong Above $19.5K as Investors Chew Over Latest Price Data

Price Action Bitcoin ( BTC ) was recently trading at about $19,500, up about 0.3% over the past 24 hours in choppy trading. Prices jumped sharply during the 14:00 UTC (10:00 a.m. ET) time frame and even cracked the $20,000 threshold shortl...
Markets
Sep. 30, 2022

XRP y MKR suben mientras BTC y ETH se mantienen estables a la espera de la inflación de EE. UU.

Las criptomonedas centradas en pagos XRP y MKR, el token por excelencia de la plataforma de préstamos entre pares Maker, están en alza en medio de un mercado de criptomonedas agonizante que está a la espera de la publicación del indicador de infl...
Markets
Sep. 30, 2022

First Mover Americas: Bitcoin to Post Sixth Straight September Loss, but LINK and UNI Manage Gains

Price Point: September has been a historically bad month for bitcoin, which posted losses for the last five years. Is October's record better? Market Moves: Bitcoin's bullish seasonality might be muddled by the continued slide in the USD Li...
Markets
Sep. 30, 2022

Cryptocurrencies XRP, MKR Shine as BTC, ETH Hold Steady Ahead of US Inflation Figure

Payments-focused cryptocurrency XRP and MKR, the governance token of the peer-to-peer lending platform Maker, are rallying in an otherwise moribund crypto market awaiting the release of the Federal Reserve's preferred measure of U.S. inflation: c...
Markets
Sep. 30, 2022

Bitcoin's Bullish Seasonality Muddled by Continued Slide in 'USD Liquidity Index'

October has been a good month for bitcoin (BTC) and traders may be looking forward to capitalizing on the bullish seasonality, having seen the cryptocurrency hold steady through recent traditional market turmoil. Bitcoin has put in a positive ...
Markets
Sep. 29, 2022

First Mover Asia: IOTA’s Shimmer Joins the Race to Become the Next Big Blockchain? Bitcoin Seesaws Before Holding Near $19.5K

Good morning. Here’s what’s happening: Prices: Cryptos seesaw before returning to their perches from the previous day. Insights: IOTA's Shimmer joins the race to become the next big blockchain. Catch the latest episodes of CoinDesk TV ...
Markets
Sep. 29, 2022

Market Wrap: Bitcoin Showing Potential Signs of an Upswing

Price Action Bitcoin and ether declined on Wednesday as economic data confirmed that the U.S. has technically entered a recession. Bitcoin’s ( BTC ) price recently fell 0.06% on moderate volume following Wednesday’s 1.8% increase. Prices ...
Markets
Sep. 29, 2022

First Mover Americas: Bitcoin Pushes for $20K Again as Investors Return to Risky Assets

Price Point: Bitcoin was up 2% on Thursday, following gains in the U.S. stock markets on Wednesday as investors returned to risky assets after the Bank of England said it will intervene in the country's bond market. Market Moves: Surging bi...
Markets
Sep. 29, 2022

Worried About a Financial Crisis? Enter – Self Custody.

You know what helps me sleep better at night? Having bitcoin (BTC) in cold storage. Cold storage is an offline digital wallet that allows you to securely store your bitcoin and other digital assets through possession of unique private keys. Unl...
Markets
Sep. 29, 2022

Surging Bitcoin-Sterling Trading Volume Points to Hedging Demand for Crypto, or Does It?

The bitcoin-British pound (BTC/GBP) pair listed on major cryptocurrency exchanges, including Bitstamp and Bitfinex, is more active than ever. Analysts, however, are divided on whether the surge stems from investors switching to the largest crypto...
Markets
Sep. 29, 2022

First Mover Asia: Bitcoin Holds Strong Over $19K; Why Is the Dollar Dominating?

Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major altcoins surge. Insights: The dollar's recent strength in the face of the U.S.'s steep inflation seems illogical, but is it? (CoinDesk columnist David Z. Morris...
Markets
Sep. 28, 2022

Is Bitcoin an Inflation Hedge? Investors Are Still Unsure

Bitcoin ( BTC ) regained the $19,000 level Wednesday intraday as industry watchers pondered anew whether the largest cryptocurrency would become a go-to asset in times of high inflation. BTC was recently up about 3% over the past 24 hours and ro...
Markets
Sep. 28, 2022

Market Wrap: Bitcoin Reverses Course Again, Trades Towards 20-Day Moving Average

Price Action Bitcoin and ether traded higher on Tuesday, reversing course from the prior day. Bitcoin’s ( BTC ) price rose 2.4% on Wednesday on above-average volume compared with its 20-day moving average. Bitcoin started the day in positive ...
Markets
Sep. 28, 2022

The Fed May Not Be Able to Pivot Even If It so Desires

With the global economy teetering and markets in turmoil – the recent crash of the British pound and bond market being the latest examples – central banks are facing an acute dilemma they haven’t dealt with for a long time: choosing between price...
Markets
Sep. 28, 2022

Circle Expands USDC Stablecoin to Five New Chains, Unveils Cross-Chain Transfer Protocol

Circle Internet Financial, issuer of the second largest stablecoin , USD Coin ( USDC ), will expand USDC to five new blockchains in an attempt to strengthen its market position and bolster access across multiple chains. Circle also unveiled a t...
Markets
Sep. 28, 2022

Bitcoin se recupera tras intervención del Banco de Inglaterra en el mercado de bonos

Bitcoin (BTC) se recupera de los mínimos diarios luego de que el Banco de Inglaterra (BOE, por sus siglas en inglés) dijera que tomará medidas para hacer frente a la crisis de liquidez en el mercado de bonos del gobierno. Read this article in ...
Markets
Sep. 28, 2022

La fusión de Ethereum está logrando que su criptomoneda sea más atractiva que bitcoin ante la inflación

Ethereum se llevó todos los aplausos y la atención hace dos semanas cuando ejecutó sin problemas su tan esperada fusión, un histórico cambio hacia un sistema proof-of-stake diseñado para reducir drásticamente el consumo de energía (alrededor de 9...
Markets
Sep. 28, 2022

CryptoCompare, Blockdaemon Release Staking Yield Indexes

CryptoCompare, a data provider, unveiled a new group of staking yield indexes with blockchain infrastructure platform Blockdaemon. The goal is to help investors develop more informed investment strategies, the companies said on Wednesday . The...
Markets
Sep. 28, 2022

First Mover Americas: Bitcoin Falls to $18.5K, as Bank of England to Buy Bonds to Stem Crisis in UK

Price Point: Bitcoin lost ground on Wednesday after gaining on Tuesday. Traditional markets were reacting to the Bank of England’s surprise plan to buy bonds. Market Moves: Bitcoin has outperformed traditional markets in recent days for sev...
Markets
Sep. 28, 2022

Bitcoin Off Lows as Bank of England's Bond Market Intervention Raises Hopes for Fed Pivot

Bitcoin (BTC) recovered from daily lows after the Bank of England (BOE) said it would take steps to address the ongoing liquidity crunch in the government bond market. The announcement raised hopes that central banks, including the U.S. Federal ...
Markets
Sep. 28, 2022

Chinese Investors Could Snap Up Cryptocurrencies as Yuan Slides, Hedge Fund Says

As a bitcoin (BTC) propounder would say, the reason bitcoin and other cryptocurrencies were invented – to hedge against fiat currency volatility – is upon us and now is the time to snap up digital assets. And Chinese investors may do just that, ...
Markets
Sep. 28, 2022

Bitcoin Stays Resilient in Face of Traditional-Market Turmoil, Here's Why

Bitcoin has outperformed almost every traditional asset in recent days. Observers said the cryptocurrency has stayed resilient to renewed turmoil in traditional markets due to several factors, including the absence of large sellers, continued hol...
Markets
Sep. 28, 2022

Ethereum Project Ribbon Finance Launches Crypto Options Exchange to Boost Growth

SINGAPORE - Decentralized finance (DeFi) protocol Ribbon Finance, known for its on-chain structured products, said it is launching an options exchange to boost demand for its services among savvy crypto traders. Announced at Token 2049 in Sing...
Markets
Sep. 28, 2022

Ethereum Merge Vaults Cryptocurrency Past Bitcoin in Hard-Money Allure

Ethereum won plaudits and the spotlight two weeks ago for smoothly pushing through its much-hyped Merge, a historic shift to a different “proof-of-stake” blockchain system designed to drastically reduce energy consumption – roughly 99% by some es...
Markets
Sep. 28, 2022

First Mover Asia: Bitcoin Tumbles After Crossing $20K in Topsy-Turvy Trading; How Chinese Universities Teach Blockchain

Good morning. Here’s what’s happening: Prices: Bitcoin started promisingly before sinking along with other cryptos in a topsy turvy day. Insights: Chinese universities continue to teach blockchain technology, but employers, teachers and ...
Markets
Sep. 27, 2022

Market Wrap: Bitcoin Takes Investors on a Wild Ride

Price Action Bitcoin and ether started the day higher before falling during Tuesday afternoon trading. As traditionally bearish September comes to a close, cryptocurrency markets are hoping the record of bullish Octobers continues. Since 2014, O...
Markets
Sep. 27, 2022

‘There Are No Safe Havens' When the Dollar Is Strong, Veteran Trader Says

Bitcoin ( BTC ) may be up but that doesn’t necessarily mean the digital currency has a rosy future. “There are no safe havens,” Glen Goodman, eToro crypto consultant, told CoinDesk TV on Tuesday, referring to price action in crypto, various worl...
Markets
Sep. 27, 2022

Bitcoin supera los US$20K mientras los futuros de las acciones suben y el dólar se estanca

Bitcoin subió en las primeras horas del martes tras haberse mantenido estable durante el reciente desplome de las monedas fiduciarias frente al dólar estadounidense. Read this article in English . La principal criptomoneda por valor de m...
Markets
Sep. 27, 2022

First Mover Americas: Bitcoin Regains $20K, Bucking the Swoon in Stocks

Price Point: Bitcoin has managed to regain the $20,000 level, remaining steady during the recent crash of fiat currencies against the U.S. dollar. Some analysts are predicting the cryptocurrency will decouple from stocks. Market Moves: Shor...
Markets
Sep. 27, 2022

Decentralized Exchange Bancor Proposes Burning 1 Million BNT Tokens to Support Prices

While traditional market investors are waiting for the U.S. Federal Reserve (Fed) to abandon liquidity tightening and inject life back into stocks, some participants in the crypto market have taken it upon themselves to support the price of their...
Markets
Sep. 27, 2022

Bitcoin Tops $20K as Stock Futures Rise, Dollar Rally Stalls

Bitcoin firmed up early Tuesday, having remained rock steady during the recent crash of fiat currencies against the U.S. dollar. The top cryptocurrency by market value rose over 5% to $20,350, according to CoinDesk data. Ether, the second larges...
Markets
Sep. 27, 2022

First Mover Asia: Cryptos Rise, Even as Stocks Falter; Token2049 Conference Signals Singapore’s Resurgence as a Crypto Hub

Good morning. Here’s what’s happening: Prices: Cryptos rose gently even as equities suffered through another dreary day. Insights: Token2049 Conference highlights Singapore's resurgence as a crypto and business hub. Catch the latest epis...
Markets
Sep. 26, 2022

Market Wrap: Bitcoin Pushes Higher as Traditional Markets Decline

Price Action Bitcoin and ether start the week trading higher following a downturn over the weekend . Both currencies sank below key psychological levels before reversing course on Monday. Bitcoin’s ( BTC ) price rose 1.9% on strong volum...
Markets
Sep. 26, 2022

Luna Classic, Remnant of Terra Collapse, Jumps 60% as Binance Unveils Burn Scheme

Luna classic ( LUNC ), the remnant token of the failed Terra blockchain prior to its reboot , surged on Monday after Binance, the world’s largest crypto exchange, unveiled a scheme to reduce the supply of the token. The LUNC price jumped as muc...
Markets
Sep. 26, 2022

First Mover Americas: Bitcoin Up Slightly After Hitting Weekend Lows on Recession Fears

Price Point: Bitcoin was trading slightly up on Monday after hitting lows over the weekend on recession fears. Market Moves: The Grayscale Bitcoin Trust has sunk to new lows as institutional interest wanes. Catch the latest episodes of ...
Markets
Sep. 26, 2022

First Mover Asia: Bitcoin Sticks Near $19K; the Most ‘Profitable’ Mining GPU Makes You Back Your Money in 3 Years

Good morning. Here’s what’s happening: Prices: Bitcoin spent much of the weekend in the red and below $19,000; other cryptos also fall. Insights: The 'most profitable' mining GPU won't offer much of a payoff; investors would do better wit...
Markets
Sep. 23, 2022

Market Wrap: Bitcoin Drops Below $19K Amid Ongoing Volatility

Price Action Bitcoin and ether both traded lower on Friday following Thursday’s mild increase. Both digital assets continue to trade sideways, as they lack a substantive catalyst to push prices higher. Bitcoin’s ( BTC ) price fell 4% on modera...
Markets
Sep. 23, 2022

Ethereum: US$319 millones en cripto de mineros salen al mercado luego de la fusión

En los años y meses previos al histórico cambio de la blockchain de Ethereum de la semana pasada, que la llevó a un sistema de consumo de energía más eficiente , los mineros de datos que trabajaban para obtener recompensas en la red acumularon c...
Markets
Sep. 23, 2022

First Mover Americas: Bitcoin Hanging Tough as Stocks Slide

Prices Point: Bitcoin slid on Friday after gaining 5.1% on Thursday, but overall, the cryptocurrency has been resilient under tough market conditions. Market Move: Ethereum miners have $319 million in ether that they theoretically could sta...
Markets
Sep. 23, 2022

First Mover Asia: As the Fed Hikes Rates, Ether, USDC Lending Yield Pays Less Than T-Bills; Bitcoin Rises, Holds Over $19K

Good morning. Here’s what’s happening: Prices: Bitcoin and other major cryptos rally. Insights: As the U.S. central bank boosts interest rates, ether and USDC lending yield is paying less than U.S. Treasury bills. Catch the latest episod...
Markets
Sep. 22, 2022

Ethereum Miners’ $319M Crypto Hoard Hangs Over Market After Merge

In the years and months leading up to the Ethereum blockchain’s historic shift last week to a more energy-efficient system , data miners working for rewards on the network had accumulated nearly $341 million worth of the cryptocurrency ether ( E...
Markets
Sep. 22, 2022

Market Wrap: Bitcoin Holds Over $19K, Continues Wild Ride

Price Action Bitcoin pushed higher on Wednesday, reversing course after a roller coaster day of trading on Tuesday. Bitcoin’s ( BTC ) rose 4.5% on Thursday, following a 2% decline on Wednesday. The relatively mild 2% Wednesday loss obscu...
Markets
Sep. 22, 2022

Bitcoin se mantiene estable, el Banco de Inglaterra sube las tasas en 50 puntos base y la “guerra de divisas inversa” cobra fuerza

Bitcoin (BTC) se mantuvo estable el jueves luego de que el Banco de Inglaterra (BOE, por sus siglas en inglés) subiera sus tasas de interés de referencia en 50 puntos base (bps) hasta alcanzar 2,25%, en una lucha continua contra la inflación. R...
Markets
Sep. 22, 2022

First Mover Americas: Bitcoin Up 3% After Wild Ride on 'Fed Rate Day'

Prices Point: Bitcoin is up 3.3% on the day, roughly back to the level it was early Wednesday before the Fed announced it will raise its benchmark rate by 0.75 percentage point. Market Move: The XRP token has rallied sharply this month on t...
Markets
Sep. 22, 2022

Bitcoin Steady as BOE Hikes Rates by 50 Basis Points; 'Reverse Currency Wars' Gain Steam

Bitcoin (BTC) held steady on Thursday after the Bank of England (BOE) raised its benchmark interest rates by 50 basis points (bps) to 2.25% in a continued fight against inflation. The BOE's second straight 50 bps move came a day after the Fede...
Markets
Sep. 22, 2022

JPMorgan Sees Concerns for Ethereum Blockchain After the Merge

There are some concerns specific to the Ethereum blockchain following the recent transition to a proof-of-stake (PoS) consensus mechanism, a process known as the Merge, JPMorgan (JPM) said in a research report Wednesday. The change spurred a h...
Markets
Sep. 22, 2022

As XRP Rallies, Some Traders Buy Year-End Bullish Bets in the Options Market

Payments-focused cryptocurrency XRP has rallied sharply this month, outshining larger cryptocurrencies. Some traders are snapping up bullish bets in the options market in hopes of continued gains into the year-end. The cryptocurrency, ranked fif...
Markets
Sep. 22, 2022

First Mover Asia: Cryptos Yo-Yo After Hawkish Rate Hike; Ether’s Price Is Down, Regulators May Soon Be Circling. What’s Next for Post-Merge Ethereu...

Good morning. Here’s what’s happening: Prices: Cryptocurrency prices climbed and then plunged following the Federal Reserve's latest 75 basis point interest rate hike. Insights: Four crypto experts weighed in on Ethereum's future post-Mer...
Markets
Sep. 21, 2022

Market Wrap: Cryptos Decline as FOMC Delivers Expected Rate Hike

Price Action Bitcoin traded lower on Wednesday following the Federal Open Market Committee (FOMC) interest rate decision . Price momentum accelerated as U.S. markets opened and maintained trajectory following the expected interest rate decision...
Markets
Sep. 21, 2022

El Salvador Buys Back $565M Worth of Bonds, Plans to Launch New Offering in 8 Weeks

El Salvador has bought back a portion of its sovereign debt bonds maturing in 2023 and 2025 totalling $565 million, President Nayib Bukele said on Wednesday. According to official information, El Salvador purchased 54% of the bonds maturing in 2...
Markets
Sep. 21, 2022

Reserva Federal de EE. UU. eleva tasas al nivel más alto desde 2007 y bitcoin cae por debajo de $19K

En una medida ampliamente esperada, la Reserva Federal elevó el miércoles las tasas de interés en 75 puntos básicos (0,75 puntos porcentuales), marcando la tercera vez consecutiva este año en la que el banco central decidió realizar un alza de ...
Markets
Sep. 21, 2022

Federal Reserve Hikes Rates to Highest Since 2007; Bitcoin Falls to $19,000

In a widely anticipated move, the Federal Reserve on Wednesday raised interest rates by 75 basis points (0.75 percentage point), marking the third consecutive time this year that central bankers decided for a hike of that magnitude. The federa...
Markets
Sep. 21, 2022

First Mover Americas: Bitcoin Steady at $19K as Traders Wait for Fed's Decision

Price Point: Bitcoin was trading flat in line with stocks as investors await the Federal Reserve's interest rate decision on Wednesday. Market Moves: Bitcoin investors will be focused on what Fed officials have to say Wednesday about "core ...
Markets
Sep. 21, 2022

Strengthening Ether-Nasdaq Correlation Muddles Post-Merge Bullish Plays: Cumberland

Ethereum's recent technological overhaul, the Merge , has supposedly skewed demand-supply dynamics in favor of the ether (ETH) bulls. However, those looking to capitalize on price-positive developments should consider ether's increasing sensiti...
Markets
Sep. 21, 2022

Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates

With risk assets, including bitcoin, under pressure ahead of Wednesday's pivotal Federal Reserve (Fed) meeting, pundits think markets have already incorporated a super-sized rate hike . So the focus will be on what the Fed says concerning the ...
Markets
Sep. 21, 2022

Ether Funding Rates Revert to Normal Days After Successful Merge

Funding rates on ether (ETH) futures have reverted to normal levels nearly a week following the Merge, during which a popular trade saw traders paying unusually high fees in order to remain in their positions. Such trades led to unusually large...
Markets
Sep. 21, 2022

Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT

Tether has been ordered by a U.S. Judge in New York to produce financial records relating to the backing of USDT as part of a lawsuit that alleges Tether conspired to issue USDT as part of a campaign to inflate the price of bitcoin. The ord...
Markets
Sep. 20, 2022

First Mover Asia: Bitcoin Flutters Around $19K; SEC Case Against Crypto Promoter Ian Balina Faces One Big Problem

Good morning. Here’s what’s happening: Prices: Bitcoin, ether and most other major cryptos declined a day before the U.S. central bank announces its latest interest rate decision. Insights: Should the Ethereum network be subject to U.S. s...
Markets
Sep. 20, 2022

Decentralized Finance Protocol Coin98 Unveils Native Stablecoin CUSD

Decentralized finance (DeFi) platform Coin98 has rolled out its own dollar-pegged, decentralized stablecoin aiming to become a way to move value across different chains, Coin98 announced on Monday in a statement . The move comes as the race am...
Markets
Sep. 20, 2022

Market Wrap: Markets Wait for Fed to Officially Announce What It Has Signaled for Weeks

Price Action Bitcoin and ether are down Tuesday ahead of Wednesday’s Federal Open Market Committee (FOMC) interest rate decision. Bitcoin ( BTC ) declined 2.5% on moderate volume, when compared to its 20-day moving average for volume. BT...
Markets
Sep. 20, 2022

Bitcoin se debilita previo a la decisión de la Fed y los analistas se enfocan en US$18.300 como soporte

Bitcoin (BTC) se puso a la defensiva previo a la decisión trascendental del miércoles que la Reserva Federal (Fed, por sus siglas en inglés) tomará sobre las tasas de interés. Además, parece estar en camino de probar el nivel de soporte en US$18....
Markets
Sep. 20, 2022

Neudata and CoinDesk Indices Discuss Crypto Data and Digital Assets

Though a relatively new asset class, interest in crypto data has ramped up significantly over the past few years, with many new crypto data vendors entering the alternative data space. Neudata sat down with Jodie Gunzberg (JG), managing direc...
Markets
Sep. 20, 2022

Bitcoin's Pre-Fed Weakness Has Chart Analysts Focused on Support at $18.3K

Bitcoin (BTC) is on the defensive ahead of a pivotal Federal Reserve decision on Wednesday on interest rates and appears to be on track to test support at $18,300, which, if breached, could make the bear market worse, according to technical analy...
Markets
Sep. 20, 2022

Nova Labs Inks Agreement With T-Mobile to Cover 5G Dead Spots in Helium Network

Nova Labs, the company behind the crypto-powered wireless network Helium , said subscribers will get U.S. nationwide 5G coverage through a new five-year agreement with cellular giant T-Mobile. Under the deal, Nova Labs also will be able to offe...
Markets
Sep. 20, 2022

XRP y ether lideran la recuperación cripto mientras los mercados se preparan para otra suba de la Fed

XRP subió hasta 8% en las últimas 24 horas y lidera la recuperación entre las criptomonedas más importantes, mientras que los mercados de valores cayeron previo a las decisiones clave sobre las tasas de interés de esta semana. Read this article...
Markets
Sep. 20, 2022

First Mover Americas: Bitcoin Traders Await Fed, Cosmos Is Heating Up

Price Point: Bitcoin slips to about $19,200 on fears of higher interest rates. Market Moves: Cosmos' ATOM token gains on the hope of more uses for the Cosmos blockchain – bucking the overall bearish mood that appears to have taken hold in c...
Markets
Sep. 20, 2022

XRP, Ether Lead Recovery in Crypto Majors as Markets Prepare For Outsized Fed Hike

XRP rose as much as 8% in the past 24 hours to lead recovery among crypto majors as broader equity markets declined ahead of key interest rate decisions this week. The rise in XRP came as token issuer Ripple Labs said in a filing to the U.S. Se...
Markets
Sep. 20, 2022

Terra Co-Founder Do Kwon’s Legal Troubles Unlikely to Affect Broader Crypto Markets, Analysts Say

A name on the Interpol's wanted list and a Korean police alert for Terra co-founder Do Kwon’s whereabouts are unlikely to cause havoc to the broader crypto markets, two markets observers told CoinDesk on Tuesday. Kwon's arrest warrant puts pre...
Markets
Sep. 20, 2022

Cosmos' ATOM Gains, Bucks Post-Merge Lull on Outlook for New Uses, Better Security

Investors starved for bullish catalysts seem to be parking their money in ATOM, the native coin of Cosmos Hub, the blockchain acting as an intermediary between all independent blockchains created within the Cosmos network. Observers say they a...
Markets
Sep. 20, 2022

Citi Says Ether Remains Relatively Stable Despite Significance of the Merge

The Ethereum Merge has been completed and despite “high anticipation” around the transition, volatility remained subdued, Citi (C) said in a research report Friday. The Merge was the first of five upgrades planned for the blockchain, and invol...
Markets
Sep. 20, 2022

First Mover Asia: Where in the World Is Do Kwon? Terra Co-Founder’s Absence Highlights the Complications of Extradition; Cryptos Climb Ahead of FOMC

Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major cryptos see-saw as the next FOMC meeting nears. Insights: Where is Terraform Labs co-founder Do Kwon? Taiwan is an unlikely hideout, and extraditions can be co...
Markets
Sep. 19, 2022

Market Wrap: Bitcoin Regains $19K and Ether Rises as FOMC Meeting Nears

Price Action Bitcoin and ether took different paths on Monday, with bitcoin declining and ether going higher. Bitcoin ( BTC ) was up 0.30% on strong daily volume. The price fluctuated widely throughout the day as the largest cryptocurren...
Markets
Sep. 19, 2022

Crypto Investors Yanked Money From ETH Products Despite a Smooth Ethereum Merge

Amid all the hype surrounding last week’s major Ethereum overhaul known as the Merge , investors remained cautious on the blockchain’s native token ETH – and their caution was vindicated as the cryptocurrency tumbled following the event. Inve...
Markets
Sep. 19, 2022

Postura alcista de Goldman Sachs sobre el rendimiento real de los bonos trae malas noticias para las criptomonedas

El rendimiento de los bonos ligados a la inflación de los Estados Unidos ha subido 100 puntos base (bps) desde principios de agosto, lo que provocó un nuevo estado de nerviosismo entre los activos de riesgo, incluyendo las criptomonedas. Y para p...
Markets
Sep. 19, 2022

Ether y bitcoin se debilitan mientras empresas de trading culpan a la falta de catalizadores alcistas por el desplome del mercado

El mercado de las criptomonedas comenzó la semana del lado negativo, con las principales criptomonedas bitcoin (BTC) y ether (ETH) alcanzando mínimos de varios meses. Traders afirman que el mercado se enfrenta a una escasez de catalizadores alcis...
Markets
Sep. 19, 2022

First Mover Americas: Bitcoin Drops to 3-Month Low as Crypto Traders Turn to Fed

Price Point: Bitcoin slid to a three-month low of under $19,000, as traders prep for this week's Federal Reserve meeting. The Ethereum Merge hype has definitely faded. Market Moves: Goldman Sachs is keeping a close eye on rising inflation...
Markets
Sep. 19, 2022

Goldman's Bullish Stance on 'Real Bond Yield' Spells Bad News For Cyrpto

The U.S. inflation-indexed bond yield has surged by 100 basis points (bps) since early August, causing renewed jitters in risk assets, including cryptocurrencies. And to the dismay of bitcoin (BTC) bulls, the so-called real yield is likely to ris...
Markets
Sep. 19, 2022

As Ether, Bitcoin Wilt, Trading Firms Blame Lack of Bullish Catalyst for Market Swoon

The crypto market has begun the week on a negative note, with leading coins bitcoin (BTC) and ether (ETH) reaching multi-month lows. Traders said the market faces a shortage of bullish catalysts now that the Ethereum Merge is out of the way. B...
Markets
Sep. 19, 2022

DeFi Trader Nets Over $500K by Using DEX GMX to Manipulate Avalanche Token

A savvy crypto trader deployed millions of dollars to manipulate the prices of Avalanche’s AVAX tokens on the decentralized exchange (DEX) GMX, taking profits of upwards of $500,000 by utilizing a strategy that exploited a basic loophole. GMX, l...
Markets
Sep. 19, 2022

First Mover Asia: Cryptos Slide in Weekend Trading; Did Ethereum Pick the Wrong Time to Merge?

Good morning. Here’s what’s happening: Prices: Ether sinks to its lowest level since July; bitcoin and major altcoins tumble as investors await the latest U.S. central bank interest rate decision. Insights: The Ethereum Merge's timing ma...
Markets
Sep. 16, 2022

Market Wrap: Bitcoin and Ether Close the Week Lower

Price Action Bitcoin and ether both declined in price Friday, while the correlation between the two assets moderated slightly. Bitcoin ( BTC ) recently declined 0.42% on moderate daily volume. Overnight prices traded in a tight range bet...
Markets
Sep. 16, 2022

Ethereum Proof-of-Work Fork Crashes as Justin Sun's Poloniex Supports Rival Fork

In stark contrast to the mostly flawless execution of the Ethereum Merge , technical snafus and defections have marred the new “ fork ” blockchain by crypto miners aiming to preserve the old proof-of-work network. The project, tagged as Ether...
Markets
Sep. 16, 2022

La fusión de Ethereum unió la actividad de los futuros de ether con las estrategias de rendimientos, según traders

La fusión o merge de Ethereum, que tuvo lugar el jueves, introdujo varios cambios estructurales en la blockchain y prometió hacerla más amigable con el medioambiente y reducir la oferta de su token nativo ether (ETH). Read this article in ...
Markets
Sep. 16, 2022

La red Ethereum PoW recibe quejas en el primer día en medio de un fallo de datos

Ethereum PoW, la versión de la blockchain de Ethereum que sigue funcionando con un mecanismo de consenso proof-of-work (PoW), tuvo un mal primer día al encontrarse con problemas. Read this article in English . Algunos usuarios de Twit...
Markets
Sep. 16, 2022

First Mover Americas: Ether Declines 7% Post-Merge and Makes Ether Futures More Sensitive to Staking Yields

Price Point: Ether falls 7% after the Ethereum blockchain successfully completed its Merge Thursday. Chainlink's LINK and Chiliz's CHZ both make gains on the day following new announcements. Market Moves: The Merge has made the ether future...
Markets
Sep. 16, 2022

Ethereum Merge Has Tied Ether Futures Activity to Staking Yields, Traders Say

The Ethereum Merge , which happened on Thursday, has introduced several structural changes to the blockchain, promising to make it more environment-friendly and reduce the supply of its native token ether (ETH). According to traders, one conseq...
Markets
Sep. 16, 2022

ApeCoin's APE Could See Selling Pressure Ahead of Major Token Unlock

ApeCoin’s APE tokens slid early Friday ahead of a token unlock over the weekend that would release over 25 million tokens and add to selling pressure. APE is the native token of the ApeCoin decentralized autonomous organization (DAO), a communit...
Markets
Sep. 15, 2022

First Mover Asia: Ether Tumbles Below $1.5K; Ethereum Merge May Ding Demand for Chips, but Semiconductor Stocks Could Still Be a Good Buy

Good morning. Here’s what’s happening: Prices: Ether plummets in the hours after the Merge; bitcoin declines. Insights: The Ethereum Merge could lessen the need for chips powering GPUs, but semiconductor stocks could still be a good buy....
Markets
Sep. 15, 2022

Market Wrap: Markets Trade Lower Despite Success of Ethereum Merge

Price Action The Ethereum Merge , one of the most widely anticipated and monitored events in the history of digital assets, went smoothly early Thursday morning, as scheduled. At approximately 06:43 UTC, Ethereum successfully transitioned from...
Markets
Sep. 15, 2022

Lido’s Staked Ether Surges Closest to Ether Since Terra Crash

Ether’s largest staking derivative token surged toward parity Thursday as traders breathed more easily that the Merge, Ethereum’s technology transition to proof-of-stake, had gone smoothly . The price of Lido’s staked ether (stETH) token jump...
Markets
Sep. 15, 2022

High Bid on NFT of Ethereum’s Final PoW Block Is Just One-Third What Creators Paid to Mint It

The entirety of Ethereum’s final block before it shifted to a proof-of-stake network this morning was captured in the form of a non-fungible token (NFT). But the market isn’t valuing “The Last POW Block” as much as its creators likely did, at lea...
Markets
Sep. 15, 2022

First Mover Americas: Smooth Ethereum Merge Disappoints Ether Volatility Bulls; ETC Rallies

Price Point: Both bitcoin and ether trade flat after Ethereum successfully completed its much-anticipated Merge earlier Thursday. Ether futures market discount evaporates after the Merge. Market Moves: Ether's one- and three-month implied v...
Markets
Sep. 15, 2022

Ether, Ethereum Classic See Volatile Trading Amid Successful Ethereum Merge

Crypto markets are mostly flattish over the past 24 hours, but the action in ether ( ETH ) and Ethereum Classic ( ETC ) has been volatile early Thursday following the successful Merge event . Traders of futures tracking the two tokens took on s...
Markets
Sep. 15, 2022

Bernstein: Strong Institutional Adoption of Ether Expected Following the Merge

The Ethereum Foundation’s successful completion of the Merge early Thursday is likely to lead to strong institutional adoption of the blockchain's token, ether, Bernstein said in a research report. The blockchain will “emerge as a digital asse...
Markets
Sep. 15, 2022

Ether Futures Market Discount Evaporates After the Merge

The month-long ether futures market anomaly that stemmed predominantly from traders looking to profit from Ethereum's technological change, the Merge , has reversed. Ether futures have almost caught up with the cryptocurrency's underlying spot ...
Markets
Sep. 15, 2022

Pre-Merge Ether Exchange Inflows of Over $1B Trigger Fears of Price Drop

A huge amount of ether is being moved to centralized cryptocurrency exchanges leading up to Ethereum's pivotal technological overhaul, the Merge . The crypto community is worried about a price slide due to the influx of ether (ETH) into exchang...
Markets
Sep. 15, 2022

First Mover Asia: DeFi Builders Speak Out. What the Crowd Is Getting Wrong About the Ethereum Merge

Good morning. Here’s what’s happening: Prices: Ether rises ahead of the Merge; bitcoin trades sideways but holds above $20K. Insights: The Ethereum Merge has raised high hopes among investors and otherwise, but misconceptions about its po...
Markets
Sep. 14, 2022

Market Wrap: Ether Trades Relatively Flat Ahead of Ethereum Merge

Price Action Bitcoin and ether traded flat for much of Wednesday amid the final countdown to the much-anticipated Ethereum Merge. Both BTC and ETH traded in a narrow price range. Bitcoin ( BTC ) prices fell 1% on moderate volume in comp...
Markets
Sep. 14, 2022

Crypto Traders in Wait-and-See Mode in Countdown to Ethereum Merge

Crypto markets appeared to be in suspension on Wednesday as traders awaited the Ethereum blockchain’s historic Merge – the network’s transition to proof-of-stake (PoS) network, expected to take place in about 12 hours. Bitcoin ( BTC ) was ...
Markets
Sep. 14, 2022

A Full Percentage Point Rate Hike? Bitcoin Traders Size Up Fed’s Desperation on Inflation

Traders on the Chicago Mercantile Exchange changed their outlook on the Federal Reserve's next interest rate decision dramatically overnight. Speculation is mounting that the Federal Reserve may raise the official U.S. interest rate by a full pe...
Markets
Sep. 14, 2022

Fuertes caídas de bitcoin y ether causan pérdidas de más de US$250 millones en futuros

Tanto bitcoin (BTC) como ether (ETH) cayeron en las últimas 24 horas por debajo de sus recientes niveles de soporte y causaron más de US$250 millones en liquidaciones, según información de Coinglass. Los mercados de criptomonedas siguieron a la...
Markets
Sep. 14, 2022

First Mover Americas: Ethereum Merge Spawns Watch Parties, But 'Jail Kwon' Token Gets More Hype

Price Point: The approach of the Ethereum Merge has lots of crypto types planning watch parties, but it looks like traders are betting on price declines. Bitcoin stabilized quickly Wednesday after its steepest price drop since mid-August on Tu...
Markets
Sep. 14, 2022

Emerging Markets Lead Global Crypto Adoption in Bear Market, Chainalysis Says

Emerging markets, with Vietnam at the lead, drove global crypto adoption in the last year, according to blockchain analytics firm Chainalysis’ 2022 Global Crypto Adoption Index . Global crypto adoption rates have slowed during the bear market t...
Markets
Sep. 14, 2022

Luna y luna classic de Terra se desploman tras la orden de arresto contra Do Kwon en Corea del Sur

Luna (LUNA) y luna classic (LUNC), tokens de Terra, se desplomaron luego de que el miércoles por la mañana un tribunal de Corea del Sur emitiera una orden de arresto contra Do Kwon, fundador de la red, y otras cinco personas. Read this articl...
Markets
Sep. 14, 2022

Merge-Focused Hedging Makes Ether Shorts Most Expensive in 16 Months

The cost of holding a short position or a bearish bet in the perpetual futures market tied to ether (ETH) is surging ahead of Ethereum's technological upgrade, the Merge , slated to happen in less than 24 hours. Early Wednesday, the funding rat...
Markets
Sep. 14, 2022

Terra’s Luna, Luna Classic Tokens Plunge as South Korea Issues Arrest Warrant for Do Kwon

Terra tokens Luna (LUNA) and Luna Classic (LUNC) plunged as a South Korean court issued a warrant against the ecosystem's founder, Do Kwon, and five others on Wednesday morning. LUNA fell 36% in the past 24 hours while LUNC dropped 25%, with m...
Markets
Sep. 14, 2022

Steep Drop in Bitcoin, Ether Causes Over $250M in Futures Losses

Bitcoin (BTC) and ether (ETH) fell below recent support levels in the past 24 hours in a move that caused over $250 million in liquidations tracking the two assets, according to data . The crypto markets followed a drop in U.S. equities after h...
Markets
Sep. 14, 2022

First Mover Asia: Bitcoin Struggles Following Inflation Report; California Crypto Bill Is an Overstep, Say Legal Experts

Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major cryptos spent the day deeply in the red following a disappointing price index report. Insights: A crypto bill, newly passed by California's assembly, is an ...
Markets
Sep. 13, 2022

Market Wrap: US Inflation Data Roils Markets, Bitcoin and Ether Fall

Price Action Risk markets declined across the board after inflation data disappointed investors on Tuesday. August’s consumer price index (CPI) data showed an unexpectedly high 8.3% increase in prices versus expectations for an 8.1% increase....
Markets
Sep. 13, 2022

El Salvador lanza dos ofertas de recompra de deuda en medio de la incertidumbre sobre su bono bitcoin

El Gobierno de El Salvador