Coinbase (COIN) and JPMorgan (JPM) have formed a long-term strategic partnership to expand access to digital assets and enhance customer security. The deal, announced earlier today, underscores Coinbase’s role as a core blockchain infrastructure provider, not just a trading venue, for major U.S. banks, according to a note on Wednesday from brokerage firm Bernstein. Rather
Bitcoin remains stable around $118,000 ahead of the Fed’s interest rate decision to be announced today. Markets are widely expected to hold interest rates steady at this meeting, with the focus on Fed Chair Jerome Powell’s remarks and Personal Consumption Expenditures (PCE) inflation data due tomorrow. While the CME FedWatch tool shows a very high
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Ethereum At 10: Where Next For The World Computer? Linea to Burn ETH With Every Transaction in Bold L2 Upgrade Solana Players Unveil ‘Internet Capital Markets’ Roadmap Square
As the Fed prepares to announce its interest rate decision this evening, it finds itself under historically intense political pressure. US Treasury Secretary Scott Bessent, speaking ahead of the meeting, said the Fed was not expected to cut interest rates today. He also said the Fed needed to “show some imagination” and reiterated that it
Twenty One Capital, the bitcoin BTC$117,920.52 treasury firm backed by Tether and Softbank, plans to add 5,800 BTC to its reserves ahead of a public listing through its merger with Cantor Equity Partners, the firm said Tuesday. The contribution, led by Tether as part of an existing arrangement, would bring Twenty One’s total holdings to
Daehong Communications, a subsidiary of Lotte Group, one of South Korea’s leading conglomerates, announced the launch of a new “money movement” focused blockchain ecosystem on the Aptos blockchain. At the time of writing, the price of Aptos (APT) was trading around $4.53. Lotte Group Subsidiary Daehong Communications Launches Blockchain Ecosystem on Aptos In the first
Public companies are no longer sitting on their Bitcoin and waiting. They’re putting it to work. More than 160 listed firms have now stacked up over 300,000 Bitcoin. But instead of just holding, they’re chasing yield. They’re lending, staking, writing options, and even buying NFTs to squeeze every bit of value out of their crypto.
Nine days ago, bitcoin was selling at its steepest discount of the year in South Korea. While the discount hasn’t disappeared, the price gap has been shrinking ever since. Korean Bitcoin Market Seems to Be Recovering From Deepest Discount of the Year Bitcoin (BTC) usually fetches a premium in South Korea, but that trend flipped
Bitcoin traders are watching the Federal Reserve closely today following a pattern of strong price moves after past FOMC meetings. Specifically, prominent market analyst Merlijn The Trader posted on X that “Bitcoin loves FOMC,” noting that 5 out of the last 7 meetings resulted in upside movements. Data from an accompanying chart confirms this disclosure,