Ripple director Reece Merrick presented a strategic development plan for the new stablecoin $RLUSD, in which Turkey, Nigeria and the UAE are identified as critically important nodes for the company’s global expansion. According to his data, transaction volume through stablecoins by 2025 reached $33 trillion, which, for example, is twice the annual turnover of the
Bloomberg analysts James Seyffart and Eric Balchunas assessed investor interest in spot $XRP ETFs. According to the analysts, $XRP ETFs have performed stronger than expected despite the sharp price pullback. Seyffart noted that $XRP spot ETFs have seen a total inflow of $1.4 billion since their launch. According to the analyst, this figure demonstrates continued
Gen Z investors are still interested in crypto markets, even embracing high-risk investments. The generation has become a leader in prediction markets and memes, aiming to catch up to financial security through breakthroughs and sheer luck. Gen Z investors may keep crypto alive, despite fears that AI will displace crypto as the hottest investment. Recent
On March 10, 2009, the economy was on the brink of collapse, the S&P 500 sitting at ~679, having fallen nearly 60% from its 2007 peaks to mark the bottom of the 2008 financial crisis. At the time, market sentiment was at its lowest. Bank failures, collapsing housing markets, and recession panic dominated the headlines,
Strategy (NASDAQ: MSTR) shares are up 4% on Tuesday, March 10, with Bitcoin ($BTC) rebounding by a similar margin and lifting sentiment across cryptocurrency-related equities. As the company holds roughly 721,000 $BTC, representing about 3.4% of the total supply accumulated at an aggregate cost of approximately $55 billion and an average purchase price near $76,000,
Latest developments: Infrastructure providers are increasingly building network-based stablecoin payment systems instead of single-provider rails, said Borderless CEO, Kevin Lehtiniitty, in an interview on CoinDesk’s Markets Outlook. Borderless recently partnered with wallet infrastructure provider Dfns to launch an institutional stablecoin off-ramp aimed at banks, fintechs and enterprises. The system routes stablecoin payouts through multiple liquidity
American billionaire Bill Ackman is moving to take his Pershing Square Capital Management public through a dual listing on the NYSE alongside its PSUS closed-end fund. The New York-based hedge fund is targeting a $5 billion to $10 billion capital raise, offering PSUS shares at $50 and including Pershing Square stock as part of the
Stablecoins are evolving from a niche crypto trading tool into a potential layer of global financial infrastructure, according to Australian investment bank Macquarie. While most U.S. dollar-denominated stablecoin activity, mainly in Tether’s $USDT and Circle’s $USDC, still comes from crypto trading, accounting for about 90% of volume, the bank said adoption is expanding across payments,
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 2004.71, up 1.4% (+26.87) since 4 p.m. ET on Monday. Fifteen of 20 assets are trading higher. Leaders: XLM (+5.1%) and NEAR (+3.6%). Laggards: BCH (-1.0%) and UNI (-0.5%).
Crypto traders on the perpetuals exchange Hyperliquid are placing increasingly aggressive leveraged bets that bitcoin will break above $75,000 after a sharp rally at the start of the week. Bitcoin climbed to around $71,000 on Tuesday, up from roughly $65,000 when $BTC futures opened on Sunday evening. The move has reignited calls for a retest