Coinbase Shares Surge After It Crushes Wall Street Expectations
Coinbase CEO Brian Armstrong (CoinDesk)
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Coinbase CEO Brian Armstrong (CoinDesk)
Crypto critics often warn of digital currencies’ potential to destabilize the U.S. dollar, but Federal Reserve Gov. Christopher Waller argued that stablecoins’ dependence on the dollar could actually strengthen the U.S. fiat currency as decentralized finance (DeFi) catches on.
Massive inflows into spot bitcoin ETFs made headlines recently, but there are other metrics that showcase U.S. investors’ appetite for the asset.
While the new spot bitcoin ETFs have received billions in net inflows since opening for business on Jan. 11, a sizable amount of money has been exiting gold ETFs.
Airdrop riches and FOMO are fueling a run on Apple’s pricey VR headset at mtnDAO, the Solana blockchain’s largest community-run coworking meetup, in Salt Lake City.
The approval of the spot bitcoin ETFs constituted a landmark event for the $1.7 trillion digital asset industry. With institutional investors on board, demand for bitcoin will grow significantly.
Lawyers for the Crypto Open Patent Alliance declared that the recollection of the witnesses today was “hazy” and “confused.”
Bitcoin (André François McKenzie/ Unsplash)
The company was the owner of 190,000 bitcoin as of the end of January.
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.