Bitcoin surges above $28K as UBS Group acquires Credit Suisse
A $3.25 acquisition deal between UBS group and the troubled banking lender Credit Suisse was finally closed on March 19, triggering a massive crypto rally. Bitcoin went up to $28,400, and Ethereum jumped past $1,800, followed by other altcoins.
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Why Base Chain Has Potential to Lock the Next Generation of Crypto Users
As 2024 marks the 15th birthday for Bitcoin, we are at a stage similar to the 1990s, where crypto, like the internet, is crossing the chasm between early adoption to mainstream acceptance thanks to the improvements in blockchain performance. We ...
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Apr. 24, 2024
Renzo Restaked ETH Suffers a Brief Crash on Uniswap
Renzo restaked ETH (ezETH) crashed as low as $750 early Wednesday, trading at a massive discount to wrapped ether (WETH). The sell-off was likely catalyzed by users looking to reclaim their ETH in low liquidity conditions and large liquidations...
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Apr. 24, 2024
First Mover Americas: Hedera's HBAR Soars on Exaggerated BackRock Link
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 Top Stories Hedera’s nati...
Markets
Apr. 24, 2024
Number of Stablecoin Holders Nears 100M Mark, Data Show
The number of addresses holding stablecoins has risen 15% this year. Rating agency S&P 500 said regulatory clarity could bring banks into the stablecoin market. Stablecoins are hotter than ever. The number of addresses holding dollar and ...
Markets
Apr. 24, 2024
Bitcoin Bulls Pin Hopes on Weaker Dollar to Extend Rally
The Dollar Index's (DXY) recent pullback has crypto traders betting on a continued weakness in the greenback and a renewed bitcoin rally. Societe Generale and Scotiabank expect the dollar to remain firm due to divergent interest rate expectatio...
Markets
Apr. 24, 2024
Hedera's HBAR Doubles, Then Falls 25%, as BlackRock Links Diminish
BlackRock was not directly involved with the launch of a tokenized money market fund on Hedera. HBAR funding rates are negative as traders look to short the recent spike. Liquidity remains thin relative to volume, indicating a volatile trading...