Stock market index MSCI’s proposed exclusion of companies holding more than 50% of their crypto on their balance sheets would be akin to pushing out multinational energy companies like Chevron for holding oil, argues Strategy CEO Phong Le. The MSCI Index announced in October that it was consulting with the investment community about whether to
Bitcoin BTC$92,691.23, the leading cryptocurrency by market value, is down following the overnight Fed rate cut. The reason likely lies in the Fed’s messaging, which has made traders less excited about future easing. The Fed on Wednesday cut the benchmark interest rate by 25 basis points to 3.25% as expected and announced it will begin
Key Takeaways The Satoshi Nakamoto Institute has started fundraising for a Library of Bitcoin project. The initiative aims to archive and preserve Bitcoin’s foundational documents and history. The Satoshi Nakamoto Institute has launched a fundraising campaign to build the Library of Bitcoin, a project dedicated to preserving Bitcoin’s ideas, history, and foundational documents before they
The Federal Reserve’s interest rate cut this week is aligning with a steady spike in bullish options bets. The most active strike in the options market is the $100,000 call option expiring on December 26, with over 18,360 bullish contracts open compared to just 2,540 bearish puts, according to a Wednesday tweet from options analytics
A proposed exchange-traded fund is built to chase Bitcoin’s price action while the U.S. market is shut on Wall Street. The product is named the Nicholas Bitcoin and Treasuries AfterDark ETF, according to a filing dated December 9 was sent to the Securities and Exchange Commission. The fund opens Bitcoin-linked trades “after the U.S. financial
Bitcoin price failed to continue higher above $94,000. BTC is now gaining bearish pace and might decline further below $89,500. Bitcoin started a downside correction from the $94,500 zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $91,600
The cryptocurrency market is experiencing a significant shift in professional investor behavior as the Federal Reserve’s December meeting approaches. According to recent analysis from CryptoQuant, hedge funds are demonstrating clear risk-off tendencies through stalled CME futures open interest, flat whale holdings, and accelerating stablecoin inflows. These signals indicate that professional capital is preparing for potential
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin held its footing as Hong Kong began its business day, trading
The Bitcoin price faces a bearish reversal from the key resistance trendline of a falling channel pattern, signalling a potential downturn. The Federal Reserve approved a 25-basis-point rate reduction on December 10, setting the federal funds range at 3.5%–3.75%. On-chain data shows BTC whales have exited their long position and opened a fresh short position.
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