U.S. stocks opened the week on a muted note as momentum from the recent market rally appeared to pause ahead of the Federal Reserve’s Jackson Hole symposium. Summary Stocks opened little changed on Monday, with major indices showing potential to pare recent gains. Investors will be watching retail earnings and Federal Reserve chair Jerome Powell’s
The Stellar Development Foundation (SDF), the organization supporting the Stellar XLM$0.4129 blockchain, invested in UK-based digital asset exchange and tokenization firm Archax as part of a broader partnership to boost tokenized real-world assets (RWAs), the firms said in a press release shared with CoinDesk. Archax has already started using Stellar, integrating the network into its
A recent Bank of America survey shows that most global fund managers are still hesitant to invest in crypto despite the recent bullish momentum observed in the sector. The study, which included 211 fund managers overseeing $504 billion in assets, found that about three-quarters of respondents have no crypto holdings at all. Meanwhile, crypto allocations
Bitcoin experienced a sharp correction this week, with its price falling significantly from recent highs. While macroeconomic factors contributed to the decline, the selling behavior of Bitcoin’s largest holders played a crucial role. The actions of these two major holders, in particular, have had a direct impact on the price. Bitcoin Holders Pull Back Over
Introduction A large majority of people in the cryptocurrency market use centralized exchanges to buy and sell coins or to perform trades. On these exchanges, transactions follow the order books and exchanges charge fees when the orders are filled. This is not the case on decentralized exchanges like Uniswap, PancakeSwap, etc. There is no concept
In the global landscape, the number of companies choosing Bitcoin as a strategic reserve is growing. DDC Enterprise, a company based in Hong Kong and listed on Euronext Amsterdam (ticker “DDC”), stands out for a particularly ambitious project: the company, according to official statements, aims to reach 10,000 BTC in treasury in the coming years.
On-chain inflows continue to surge, and traditional rails are experiencing mass inflows. The trend is well illustrated by exchange-traded product (ETP) provider WisdomTree’s real-world asset (RWA) fund — the WisdomTree Government Money Market Digital Fund (WTGXX) has exploded in value over the last three months, reaching new highs last week. WTGXX, which represents tokenized U.S.
Bitcoin Pulls Back After Fresh All-Time High The new trading week opened with volatility as $Bitcoin slid from its recent all-time high of $124,496 back down to $115,000, a drop of nearly 8% from peak to trough. At its lowest point, Bitcoin touched $114,700 before stabilizing around the $115K zone. BTC/USD 1-hour chart – TradingView
In the United States, the accumulation of a strategic reserve of Bitcoin is primarily based on seizure and confiscation activities, usually following legal actions related to financial or cyber crimes. According to data collected by federal agencies and major news outlets, from 2013 to today, an institutional purchase of Bitcoin by the federal government has
Stablecoin issuer Circle (CRCL) has acquired Malachite, the consensus engine that is set to underpin payments-focused blockchain Arc, from software development firm Informal Systems, according to a Monday press release. Several people from Informal Systems will join Circle as part of the acquisition. The firms didn’t reveal details about pricing. The deal comes as Circle,