Cryptocurrencies stabilized after Monday’s sharp selloff, with bitcoin BTC$88,007.24 bouncing above $87,000 in the early U.S. session on Tuesday. The largest crypto climbed about 3% from overnight lows, while ether ETH$2,957.73 was underperforming, ahead just 1.4%. Altcoin majors including BNB BNB$876.02, XRP$1.9384, SUI$1.5275 showed relative strength, gaining 3% to 6% overnight. Crypto-related equities also rebounded
As debate over digital assets intensifies, a growing bitcoin treasury coalition is mounting a coordinated challenge to MSCI’s controversial index exclusion proposal. Summary Bitcoin for Corporations announces 1000+ signatory coalition Details of MSCI’s proposed digital-asset exclusion rule Strategy pushes back on MSCI’s classification approach Strive warns of threats to index neutrality Market impact and risks
Interest in Bitcoin (BTC) and cryptocurrencies in the US has been increasing exponentially in recent years. While major institutional companies are also reacting to this trend, banks have also joined in the growing interest in cryptocurrencies. Recent analysis at this point has revealed that 14 of the 25 largest banks in the US have developed
Key Takeaways Bitcoin whales accumulated 54,000 BTC worth $4.66 billion in one week. This is the fastest accumulation rate by large holders since 2012. Large Bitcoin holders accumulated 54,000 BTC worth $4.7 billion in the past week, according to on-chain data, marking the fastest accumulation pace since 2012. The buying comes despite Bitcoin’s lack of
The Court of Auditors of the State of São Paulo will hold Brazil’s first public auction in which every document is recorded on a blockchain in an effort to reduce legal disputes and raise the standard of transparency in public auctions. Ten warehouses will be sold off, and every piece of documentation involved in the
The monthly Global Fund Manager Survey from Bank of America has been widely followed for years on Wall Street for its ability to suggest sentiment extremes that often precede sizable market reversals. Indeed, the latest report released Tuesday shows professional investor sentiment is running at its hottest level in years. Among the key data points
Hong Kong-based payments fintech RedotPay has raised a $107 million in a Series B round as it scales stablecoin-powered payments across more than 100 countries, betting that blockchain rails can compete directly with traditional cross-border finance. The oversubscribed round, led by Goodwater Capital with participation from Pantera Capital, Blockchain Capital, and Circle Ventures, brings RedotPay’s
Frontera Labs, a blockchain development and research firm, has raised a $3 million seed round led by Maven 11 Capital, with Lightspeed Faction joining as a major investor, the company said in a press release Tuesday. Halo Capital, Heartcore Capital, Anchorage Digital Ventures, Nayt Technologies, Split Capital and a group of angel investors also participated
The U.S. labor market appears to have continued to soften in recent months as the government caught up to reports that had been delayed due to the shutdown in D.C. Nonfarm payrolls rose by 64,000 in November, according to a Tuesday morning report from the Bureau of Labor Statistics. Economist estimates had been for jobs
Although the longer-than-expected federal government shutdown in the US has ended, its effects are still being felt. This situation led to the cancellation of the October employment report, a key indicator for the Fed’s interest rate decisions, while the November employment report, previously scheduled for release on December 5th, was postponed to December 16th. At