President Donald Trump renewed pressure on the Federal Reserve after it held rates steady following Wednesday’s FOMC meeting in Washington. He criticized Chair Jerome Powell, demanding an immediate Fed rate cut. Trump argued that high rates now harm the economy and national security, while reiterating that inflation is no longer an issue.
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 2678.97, down 2.3% (-64.01) since 4 p.m. ET on Wednesday. None of the 20 assets are trading higher. Leaders: CRO (-0.9%) and POL (-1.2%). Laggards: AVAX (-4.4%) and DOT
Robinhood (HOOD) is investing in Talos, an institutional trading technology provider for digital assets, in an extended Series B funding round that values the New York-based company at around $1.5 billion. Talos originally raised $105 million in a Series B funding round in May 2022, valuing the firm at $1.25 billion. The new extension brings
Global institutional interest in Bitcoin-linked equities continues to strengthen. Europe’s largest fund services platforms now deepen exposure. Universal Investment Group has increased its stake in Strategy, formerly MicroStrategy. The firm now holds 134,967 shares valued at $21.2 million. This move reinforces confidence in Bitcoin-aligned corporate strategies. Universal Investment Group manages more than $1.72 trillion in
Bitcoin is struggling to find its footing near the $88,000 mark even as traditional safe-haven assets reach historic milestones. The leading crypto is down 2.1% over the last 24 hours, currently trading at just under $88,000, according to data from price aggregator CoinGecko. In stark contrast, gold reached a peak of $5,602 per ounce Thursday
Gold’s momentum is reaching unprecedented levels, raising questions about what could come next not only for the precious metal but the crypto market as well, specifically Bitcoin (BTC). Namely, the gold price has now pushed its Relative Strength Index (RSI) above 91, a level that has been recorded only once before in history, December 1979,