Demand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield
The combined market capitalization of tokenized money market funds is nearing $500 million as high yields in traditional markets attract crypto capital.
Markets
Bitcoin Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments
“The financial stability tools helped to calm conditions in the banking sector. Developments there, on the other hand, are contributing to tighter credit conditions,” says U.S. central bank chair Jerome Powell in a Friday panel.
Bitcoin in Stasis Below $27K Ahead of Powell Speech
At 15:00 GMT, Powell will speak at the “Perspectives on Monetary Policy” panel before the Thomas Laubach Research Conference hosted by the Federal Reserve.
First Mover Americas: Litecoin Might Be Trading at a Discount
The latest price moves in bitcoin (BTC) and crypto markets in context for May 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan
Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said.
XRP Bucks Bitcoin-Led Slide in Majors as SEC Case Tilts in Ripple’s Favor
Ripple has historically maintained a distance from XRP, the token that powers some of its products and the XRP Ledger network
First Mover Americas: Bitcoin Rebounds Amid Optimism on Debt-Ceiling
The latest price moves in bitcoin (BTC) and crypto markets in context for May 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Absence of Retail Investors Could Stand in the Way of Pepecoin’s Rise to Top Meme Coin: Santiment
A Santiment report said that pepecoin (PEPE) could face challenges amid a generally bleak trading environment.
First Mover Americas: Axie Infinity Rallies After Apple App Store Debut
The latest price moves in bitcoin (BTC) and crypto markets in context for May 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Axie Infinity’s Token Jumps 12% After Firm Lists Game on Apple App Store
The dollar valued locked in the open futures contracts tied to AXS has surged to highest since February, signaling an influx of new money into the market.