The crypto market is down today and facing renewed pressure as inflation concerns grow due to the U.S.-Iran war, which is sending oil prices to new highs. With inflationary pressure on the U.S. economy mounting, crypto traders are now pricing out Fed rate cuts this year, a development that is bearish for crypto assets.
Cryptocurrencies like Bitcoin offer individuals complete control over their funds, but the same can’t be said for assets locked in vaults, according to the World Gold Council. On Thursday, the trade association formed and funded by the world’s leading gold mining companies proposed a framework for addressing complexities tied to tokenized gold, with the aim
The stablecoin debate in Washington is increasingly becoming a fight over a single question: who gets to keep deposit insurance on-chain? FDIC Chair Travis Hill signaled that payment stablecoins under the GENIUS Act should not qualify for pass-through insurance, while tokenized deposits that meet the legal definition of a deposit would retain the same insurance
Mid-March yielded one of the most impressive win streaks recorded on the Polymarket prediction market as a user designated reachingthesky managed to increase his position more than one hundredfold in less than a week. Specifically, the value of the trader’s total position on March 14 was recorded at just under $26,000, while, at press time
The Federal Reserve decided to keep interest rates parked at 3.5%-3.75% this week, and the market responded with all the enthusiasm of someone finding out their flight got canceled. Risk assets across the board took a hit, with crypto leading the retreat as traders recalibrated their expectations for how long tight monetary policy sticks around.
When the net present value of Stretch (STRC), the dividend-yielding preferred share issued by Strategy (formerly MicroStrategy), is calculated, it makes disappointing reading for MSTR shareholders. Michael Saylor hopes that STRC will somehow fund trillions of dollars worth of bitcoin ($BTC) purchases for shareholders of his common stock. However, while STRC raises capital that will
A survey of more than 1,000 global finance executives has found that digital assets are no longer a speculative interest for the financial industry but an operational imperative, with nearly three quarters of respondents saying institutions that fail to offer digital asset solutions risk losing their competitive position entirely. The survey, conducted by Ripple at
NVIDIA (NVDA) shares fell 1.37% to $177.93 on March 19, dragging semiconductor stocks lower despite Jensen Huang’s bullish GTC keynote just days earlier. The selloff follows Micron Technology’s (MU) after-hours drop and surging oil prices tied to the escalating Iran war, adding fresh headwinds to a chip sector already struggling with “sell the news” fatigue.
Rising rates and deficits could push U.S. debt beyond $50T within years. Persistent PPI growth signals producer costs may fuel prolonged inflation. Hidden liabilities could lift real U.S. debt near 300% of GDP levels. Economist Peter Schiff has raised concerns about the U.S. national debt, which now stands above $39 trillion. He warns that rising
As AI agents become a bigger topic in crypto, Pranav Ramesh told CoinDesk that Nasdaq has already been using them across several sections of its business and has sharply expanded that use over roughly the past 18 months. Ramesh, head of options research at Nasdaq and co-founder and CTO of Leadpoet, said the most meaningful