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.
Markets
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.
Bitcoin ETF Demand Grows Among U.S. Investors as China Considers Massive $142B Capital Injection
Data from SoSoValue shows that the total daily net inflow cracked $100 million for the second day in a row for the BTC ETFs amid global monetary easing. PLUS: Worldcoin is up double digits as World ID expands to more countries.
Bitcoin Pushes Past $64K as Monetary Ease Expectations Grow
Traders Tuesday pushed expectations of a second consecutive 50 basis point rate Fed rate to 60%.
DeFi Protocol Cega Debuts ‘Vault Token Market’ to Facilitate Seamless Investing
The offering solves the liquidity issues faced by investors due to the 27-day deposit lock-up period.
AI-Related Cryptos Lead Altcoin Surge; Bitcoin Breakout Nears with Several Catalyst in Q4: Analyst
NEAR, RNDR, TAO and LPT booked double-digit gains as artificial intelligence-focused tokens were the best performers within the CoinDesk 20 Index.
Caroline Ellison Most Likely Won’t Serve Time, Polymarket Traders Bet
The market is skeptical about Qualcomm’s Intel deal; prediction markets were the talk of the town at Token2049 in Singapore.
Bitcoin Could Surge Thanks to Looser Financial Conditions
As the Chicago Fed’s NFCI hits its loosest levels since 2021, Bitcoin rallies—could looser financial conditions spark another bull run?
First Mover Americas: BTC, ETH Rise in Muted Trading to Start the Week
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Digital Asset Funds See Second Consecutive Week of Inflows: CoinShares
Bitcoin-linked products led with $284 million of inflows, while their ether equivalents saw outflows of $29 million.