Strategy’s (MSTR) recent bitcoin sale has had an outsized impact on market sentiment, but Wall Street bank Citi does not see the move as changing the company’s long-term strategy. The bank said the sale was anticipated after Strategy signaled plans to dispose of certain tax-disadvantaged bitcoin holdings during its first-quarter earnings call as part of
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1862.4, down 0.6% (-11.0) since 4 p.m. ET on Tuesday. Fifteen of the 20 assets are trading higher. Leaders: NEAR (+15.1%) and XLM (+5.7%). Laggards: BCH (-10.7%) and BNB
Kraken’s parent company is bringing one of Wall Street’s most coveted opportunities to crypto investors: buying into IPOs at the same price as institutional investors. Payward, the parent company of the crypto exchange, said Wednesday it will “soon” allow customers of Kraken and other members of its xStocks Alliance to participate in U.S.-listed initial public
After briefly falling below $66,000 on Wednesday, bitcoin is trading near the bottom of the Power Law corridor, a level that has historically come shortly before rebounds in the price of the largest cryptocurrency. The model, popularized by physicist Giovanni Santostasi and refined by Porkopolis Economics, plots bitcoin’s price against time on a logarithmic scale
Bitcoin’s aggressive break below $70,000 has shifted the market from a debate over dip-buying to a more defensive question of how far traders now need to insure against the next leg lower. Data from CryptoSlate showed that the largest cryptocurrency fell to as low as $65,404 over the past day, triggering $1.8 billion in liquidations
As part of efforts to make easy access to RWA offerings on-chain, Brickken, a tokenization platform, today entered into a strategic partnership with Taiko, a decentralized layer-2 rollup protocol built on Ethereum. The partnership enabled Brickken to integrate Taiko’s layer-2 scaling solution, aiming to advance scalability and interoperability on its tokenization network. Brickken is an
Quant Network‘s Overledger and Chainlink‘s Cross-Chain Interoperability Protocol (CCIP) are the two most closely watched interoperability solutions in institutional blockchain today. They solve the same core problem — getting different blockchains to talk to each other, but they take structurally different routes to get there. Understanding those differences matters if you’re assessing which infrastructure is
After several weeks of mounting pressure, Bitcoin’s [$BTC] latest breakdown pushed the market into a fresh wave of forced selling. The decline accelerated after the price lost the $70,607 support level, a zone that had previously supported multiple recovery attempts. Source: $BTC/USDT on TradingView Once that floor gave way, leveraged long positions became increasingly vulnerable,
Bitcoin ($BTC) surged above $82,000 in the first week of May, but this was short-lived. Since mid-May, factors such as rising geopolitical risks in the Middle East and increased ETF outflows have caused the $BTC price to fall to $65,000. An analyst who warned that the recent surge was a trap has now issued a
Yoshitaka Kitao, CEO of Japanese financial giant SBI Holdings, has attributed the sluggish price action to a massive capital rotation. According to Kitao, who recently weighed in on the current market downturn on the X social media network, institutional investors are raising cash and liquidating digital asset positions to prepare for a wave of blockbuster