Stablecoin Issuers Now 18th Largest Holder of U.S. Debt
Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington’s debt management grow.
Markets
Dogecoin Traders Appear to Short Token as Meme Coin Frenzy Eases
DOGE funding rates are starting to flip negative, data shows, as traders move away from riskier assets amid low volatility in the broader crypto market.
Solana-Ether Ratio Hits 3-Month Low, Analyst Anticipates Further Losses
The ratio has declined 35% in one month, reaching the lowest since March 13.
AI Tokens Led by FET, AGIX Surge as Nvidia Zooms to Become World’s Most Valuable Company
The AI-linked token sector has risen 14% in the past 24 hours, data shows, outperforming other sectors.
Monero’s XMR Token Reverses February Slide With Golden Cross
XMR briefly topped $180 last week, reversing the Binance-led February slide.
German Government Agency Moves $425M Bitcoin, Some to Crypto Exchanges
Arkham has identified the entity as an address belonging to the German Federal Criminal Police Office, which had seized almost 50,000 BTC from a piracy site.
First Mover Americas: Ether, Meme Coins Lead Recovery While Bitcoin Remains Subdued
The latest price moves in bitcoin (BTC) and crypto markets in context for June 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Whales Sold Over $1B BTC in Past Two Weeks: CryptoQuant
The selling coincides with net outflows from U.S.-listed bitcoin ETFs in the same period, data shows.
Elevated Ether Volatility Expectations May Be Unfounded
The excitement surrounding the impending debut of spot ether ETFs in the U.S. has investors anticipating higher ether price swings relative to bitcoin.
Bitcoin, Crypto-Related Stocks Are Ripe for Institutional Adoption: Bernstein
Spot bitcoin ETFs are expected to be approved by major wirehouses and large private bank platforms in the third and fourth quarters, the report said.