Today, market focus is on the FOMC meeting as the latest rate decision will be announced. The Federal Reserve announces policy at 2:00 p.m. ET, followed by Chair Jerome Powell at 2:30 p.m. ET. Markets expect no rate change, with pricing showing near certainty, despite active debate among policymakers.
Banks warn stablecoins — especially those paying yield — could pull deposits out of the banking system, but policy and finance experts say there’s little evidence of that so far. Major US bank Standard Chartered recently estimated in a research note that stablecoin growth could drain bank deposits. The report estimates “that US bank deposits
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 2763.65, up 0.9% (+23.37) since 4 p.m. ET on Tuesday. Thirteen of 20 assets are trading higher. Leaders: AAVE (+2.9%) and AVAX (+1.6%). Laggards: ICP (-2.5%) and SUI (-1.2%).
Coinbase stock (COIN) continues to struggle despite diversification into copper and platinum futures, allowing trades on both metals with less upfront capital. COIN stock has fallen 1.24% (-2.65) to $210.83 in the past 24 hours despite the slight 0.53% (+1.11) pre-market surge to $211.94, bringing the total 5-day drop to 7.62% (-17.39). Market data shows
Key Notes JPMorgan initiated coverage on HashKey with an Overweight rating and a HK$9 target, implying roughly 28% upside. The bank expects institutional digital asset inflows in Hong Kong to grow at about an 85% CAGR through 2027. HashKey’s licensed status and roughly 75% local market share support its growth outlook amid expanding crypto services.
Shares of Intel (INTC) extended gains in after-hours trading as rumors swirled that NVIDIA may be turning to the US-based semiconductor company to diversify its chip manufacturing. INTC rose more than 3% on Monday, according to Yahoo Finance. Taiwan-based outlet DigiTimes reported Monday, citing supply chain sources, that NVIDIA plans to collaborate with Intel on
Coinbase’s stock extended losses on Tuesday, even as the crypto exchange rolled out copper and platinum futures trading in its latest bid to diversify beyond digital assets that have hammered investor confidence. The company announced Tuesday that traders can now access copper and platinum futures on its platform, joining previously available gold and silver contracts.
As gold prices surged to $5,300 this week, Tether and Coinbase — the two companies behind the world’s largest US dollar stablecoins — are taking different approaches to gaining exposure to the precious metal. Spot gold climbed above $5,300 per ounce on Wednesday, posting a record high of $5,311 at 3:30 am UTC, according to
Story Highlights California’s 2026 billionaire tax targets about 200 ultra-wealthy residents with assets above one billion. Early reports show tech founders like Larry Page, Sergey Brin, shifting homes and capital to Florida Texas ahead now. Voter support drops sharply once public learns details of unrealized wealth taxation plans fully. California, which generates about $4.1 trillion
Rising geopolitical tensions are strengthening the case for a European-controlled digital payments system, according to European Central Bank (ECB) executive board member Piero Cipollone. In an interview with Spanish newspaper El País, shared by the ECB on Wednesday, Cipollone described the proposed digital euro as “public money in digital form,” arguing that it was needed