Dollar-backed stablecoins will emerge as a major issue in the coming year and may create difficulties for countries managing their monetary systems, a top Indian economic official warned on Wednesday. Speaking at a gathering in Mumbai, V. Anantha Nageswaran, who serves as India’s Chief Economic Adviser, pointed to potential problems these digital currencies could create.
Coinbase (COIN) is set to report third-quarter earnings Thursday after market close, and Wall Street is largely expecting a beat on revenue. According to FactSet, analysts estimate the crypto exchange will post earnings per share (EPS) of $1.14 — quadruple the $0.28 from Q3 last year — and revenue of $1.8 billion, up from $1.2
Nick Timiraos, a Wall Street Journal reporter known as the “Fed spokesman,” noted that the October Federal Open Market Committee (FOMC) meeting was different from previous sessions in many ways. The dot plot in September showed a split in opinion among Committee members: the majority of members supported continuing interest rate cuts for risk management
Welcome to the institutional newsletter, Crypto Long & Short. This week: CoinDesk Indices’ Andy Baehr provides a “Vibe Check,” telling the story of two markets — the fast money and the slow money. CoinDesk’s Sam Ewen says that it’s no surprise that internet-native communities want internet-native currencies, and why stablecoins are the logical bridge. .
The most critical day of this week has arrived and the US Federal Reserve (FED) will announce its interest rate decision for October this evening. While the FED is expected to announce its October decision at 21:00 Turkish time, a 25 basis point interest rate cut is considered certain. While this decision was eagerly awaited
All eyes around the world, including Bitcoin, gold, and global markets, are once again focused on the FED’s interest rate decision. As market activity increases ahead of the FED’s interest rate decision, investors are searching for answers to the question, “What will the FED interest rate decision be this month?” Despite the limited data release
As per the price analysis of Bitcoin, the world’s largest cryptocurrency is once again under pressure in the $116,000 region. Although traditional market indexes were able to reach all-time highs this week, Bitcoin could not extend above this major resistance suggesting possible short-term weakness. This dissociation between equities and crypto is starting to be noticed
MicroStrategy (MSTR), the largest corporate holder of bitcoin BTC$111,812.30 and long seen as a leveraged bet on the crypto, has shed nearly $18 billion in market value as enthusiasm dried up and its net asset value (mNAV) premium collapsed in recent months. The stock may be poised for a rebound as a series of key
Key Takeaways Telegram CEO announced the Cocoon network, a decentralized platform integrating AI and the TON blockchain. The Cocoon network enhances Telegram’s reach in blockchain-based services within its app ecosystem. At Blockchain Life 2025, Telegram CEO Pavel Durov unveiled Cocoon, short for Confidential Compute Open Network, a decentralized infrastructure initiative combining blockchain, AI, and social