The U.S. Federal Reserve has requested public feedback on the payment accounts, also known as the ‘skinny master account,’ which Fed Governor Chris Waller proposed earlier this year. This marks a positive for crypto firms such as Ripple and Circle, which could gain direct, although limited, Fed access as they advance payment innovations.
Wall Street bank Citigroup refreshed its digital-assets stock coverage to reflect recent across-the-board declines in crypto, but remains constructive on the sector. “Despite recent token volatility, we remain bullish on digital assets stocks,” wrote analysts led by Peter Christiansen, in a Friday report. Issuer of the USDC stablecoin, Circle Financial (CRCL) remains Citi’s top pick,
Bitcoin price rebounded by 3% today, Dec. 19, reaching a high of $87,960. This rise happened after the Bank of Japan (BoJ) delivered its first interest rate in 11 months. However, technicals suggest that the BTC price may dive to $80,000 and below ahead of a $2.7 billion options expiry and as ETF outflows continue.
Crypto analysis platform CryptoQuant has warned that demand for Bitcoin is weakening, suggesting that the current outlook could put downward pressure on the price. In data shared on its social media account, the company stated that there have been three major increases in demand in the spot market during this cycle, but the latest wave
Key Takeaways Board member Richard Busch acquired 175,000 shares of American Bitcoin Corp for $290,500. The share purchase occurred during a price decline and the company is backed by the Trump family. Richard Busch, a board member and director of American Bitcoin, the Bitcoin-focused company led by the two Trump sons, acquired 175,000 ABTC shares
Key Takeaways TRON DAO said Kalshi, one of the world’s largest prediction market platforms, has added support for the TRON blockchain network. The move enables deposits and withdrawals using TRX and USDT on TRON. Kalshi has integrated the TRON blockchain network, allowing users to transact on the prediction market platform using TRX and USDT on
Veteran Bitcoin developer Luke Dashjr is at the forefront of one of the most hotly-discussed debates in cryptocurrency — what the original blockchain network should be used for. The advent of the Ordinals protocol in 2023, which allowed a form of NFTs to be minted on Bitcoin, and Runes a year later, which did something
The cryptocurrency industry is ever-growing and ever-changing, and it’s difficult to summarize the year’s zeitgeist with 50 names alone. To wrap up CoinDesk’s Most Influential 2025 series, we’re giving an honorable mention to a final slate of nominees, recognizing stories that really took off in the closing months of the year or who were on
Wall Street bank JPMorgan Chase & Co. (JPM) said the stablecoin supply could reach $500 billion to $600 billion by 2028, far short of the most bullish $2 trillion to $4 trillion calls. Stablecoin demand is still primarily a crypto-market story, not a payments story, according to the largest U.S. bank by assets. JPMorgan noted
Jerome Powell’s term is expected to end in May, and he will be replaced by someone else chosen by US President Donald Trump. At this point, the balance of power is rapidly shifting in the race for the Fed chairmanship, a position Trump will likely appoint. While Kevin Hassett and Kevin Warsh were the leading