Boston Fed President Susan Collins backed holding rates steady and urged the Fed to strip out language that implicitly points to cuts as the next move, reinforcing a higher‑for‑longer stance that has repeatedly whipsawed crypto when markets price in dovish pivots too early. Collins told reporters she backed the latest decision to keep rates on
Initial US jobless claims came in at 200,000 for the week ending May 2, beating the 205,000 consensus and reinforcing a picture of a still‑resilient labor market that keeps pressure on the Federal Reserve to delay or dilute rate cuts crypto traders have been hoping for. For the week ending May 2, initial jobless claims
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 2171.96, down 0.2% (-4.96) since 4 p.m. ET on Wednesday. Thirteen of 20 assets are trading higher. Leaders: ICP (+9.7%) and DOT (+1.7%). Laggards: BCH (-1.2%) and NEAR (-1.0%).
David Schwartz Reveals Why Ripple Still Has No Legal Path to an IPO Ripple’s long-speculated IPO (initial public offering) is running into a hard legal reality. While market chatter continues, executives have made it clear that a public listing isn’t a near-term priority, and former CTO David Schwartz argues the core issue is simpler: the
Crypto asset manager Bitwise is entering the fast-growing tokenized fund market for the first time through a planned takeover of Superstate’s crypto carry fund. Bitwise intends to assume investment management responsibilities for the Superstate Crypto Carry Fund, known by its ticker USCC, on June 1, the firms said on Thursday. The fund will be renamed
Nationally chartered U.S. bank SoFi’s relaunched crypto business generated $121.6 million in crypto transaction revenue in the first quarter, its first granular disclosure of the unit’s economics since the bank returned to the cryptocurrency space late last year. That revenue was almost entirely offset by $120.7 million in related transaction costs, leaving just $852,000 in
Research and brokerage firm TD Cowen has increased its price target for MicroStrategy (NASDAQ: MSTR) to $395 from $385, signaling continued confidence in the company’s unconventional approach to capital management and Bitcoin accumulation. The revised target reflects what the firm describes as higher-than-expected capital efficiency derived from MicroStrategy’s use of preferred stock issuance to fund
Wall Street has already bent Bitcoin, and Loudmouth says crypto people should stop pretending otherwise. Speaking with Cryptopolitan at Consensus Miami, Adam Patterson, better known as Loudmouth, said institutions have already changed the way Bitcoin behaves in the market. Asked if big finance is taking away the trust, decentralization, and fixed supply culture that made
Cryptocurrency exchange Kraken has reportedly acquired REAP, an Asia-based stablecoin infrastructure provider, for $600 million. The deal, first reported by Unfolded, marks one of the larger acquisitions in the digital asset sector this year and signals Kraken’s strategic push into stablecoin technology and Asian markets. What the Deal Entails According to the report, Kraken’s acquisition