Bitcoin Jumps Over $64K on China Stimulus; IBIT Options Could Provide Longer-Term Boost
Powell is expected to speak at 13:30 UTC at the US Treasury Market Conference amid mounting expectations for another U.S. interest rate cut this year.
First Mover Americas: Bitcoin Regains $64K as ETF Flow Trends Flip Positive
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Wall Street Titan Guggenheim Tokenizes $20M of Commercial Paper on Ethereum
Guggenheim Treasury Services, a subsidiary of financial services giant Guggenheim Partners, has issued $20 million of tokenized commercial paper on the Ethereum blockchain, its partner, blockchain platform Zeconomy, announced Thursday.
Ethena Announces UStb Stablecoin Backed by Blackrock’s BUIDL
Reserves for UStb will be invested in BUIDL, which in turn holds U.S. dollars, U.S. Treasury bills, and repurchase agreements.
Celo Challenges Tron’s Leadership in Active Stablecoin Addresses
The CELO token has rallied nearly 20% in the past 24 hours.
U.S. Crypto Industry Will Follow a Different Path From Rest of World: BitMEX Group CEO
The U.S. crypto market will “bifurcate from the rest of the world” said Stephan Lutz, CEO of crypto exchange BitMex, in an interview with CoinDesk.
Curve Finance Mulls Removing TrueUSD as Collateral for Stablecoin Curve USD
“crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.
Crypto Inspired by ‘Moo Deng’ Zooms to $100M as Hippo Meme Takes Over Internet
Holder count has zoomed to 12,400 unique wallets with over $48.5 million in volume traded over the last 24 hours, a fan page for the token said Wednesday.
The Downside Risk of “crypto Trading Book Pdf” That No One is Talking About
Crypto startup Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of a digital currency pegged to the U.S. Payments giant PayPal, meanwhile, launched its own U.S. CNBC in an interview this week. U.S. government bonds and cash equivalents – that the company holds in reserve, according to Ripple. The crypto firm […]
Key Indicators Challenge Fed’s ‘Normalization’ Rate Cut That Torched Bitcoin Rally
The post-Fed risk-on rally supports the normalization narrative, but some indicators disagree, suggesting caution to bulls.