Tokenized Real-World Assets (Excluding Stablecoins) Market Value Hits Over $12B: Binance Research
RWAs continue to experience growth led by tokenized U.S. Treasuries.
Markets
Coinbase’s Version of Wrapped Bitcoin, ‘cbBTC,’ Goes Live
The token will initially be offered on Ethereum and Coinbase’s Base networks, with plans to expand to more blockchains in the coming months.
XRP Spikes 8% as Grayscale Launches XRP Trust in the U.S.
The fund will offer investors exposure to XRP tokens.
Mining New Bitcoin Is More Difficult Than Ever. Here’s How it Could Impact BTC Prices
The next difficulty adjustment is expected to decrease mining difficulty, potentially relieving some pressure on miners. But market sentiment and broader financial conditions could influence bitcoin’s price, with possible selling pressure if the overall market weakens.
First Mover Americas: Bitcoin Tops $58K After U.S. Tech Stocks Rise
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Could Hit $125K by Year-End if Trump Becomes President, $75K if Harris Triumphs: Standard Chartered
Bitcoin is expected to end the year at new all-time highs regardless of who wins the U.S. election, the report said.
Leverage in the Bitcoin Market Is Increasing Again as $58.5K Becomes Key Level
High-leverage liquidity in bitcoin is concentrated at around $58,500, according to Hyblock Capital.
U.S. Consumers Say Crypto Is Here to Stay, Stablecoins Maybe Not: Deutsche Bank
Sentiment is somewhat bearish about the near-term outlook for bitcoin, the bank’s consumer survey showed.
Are Ethereum Staking Yields Too High?
As staking grows in popularity through liquid staking derivatives, there is a need to better quantify staking returns for different platforms and how they change over time, says Marcin Kazmierczak, co-founder and coo, RedStone.
Bitcoin Plunges Below $56K as Stocks Sell Off in Weak U.S. Trading
It’s been a trend for the last few weeks that cryptocurrencies selloff as the U.S. traditional markets open, underscoring a general risk-off sentiment among American investors.