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,
Privately held manufacturing firm GIGA has increased its Bitcoin holdings to 1,252 $BTC after acquiring 38 $BTC last month, the company disclosed on Monday. GIGA said the purchase supports its treasury strategy, using Bitcoin as a long-term reserve asset to enhance financial resilience. The firm made its first $BTC purchase last July, acquiring 1,129 coins.
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%).
Richard Busch, a board member at American Bitcoin (ABTC), acquired 68,000 shares of the Nasdaq-listed Bitcoin mining company at an average price of $1.15, a transaction valued at $78,200, according to a new SEC filing. With the latest purchase, Busch now holds approximately 1.4 million ABTC shares, valued at about $1.5 million based on Monday’s
Investment bank B. Riley initiated coverage of bitcoin treasury firms Strategy (MSTR) and Strive (ASST) with buy ratings, setting price targets of $175 and $12, respectively. Strategy was trading at $141.82 at publication time, Strive at $8.67. The sector was pressured after bitcoin fell more than 45% from about $126,000 in October 2025 to roughly
South Korean prosecutors have sold 320.8 Bitcoin recovered after a phishing incident temporarily removed the crypto from government custody. The Gwangju District Prosecutors’ Office said it sold 320.8 Bitcoin (BTC) at market prices and transferred 31.59 billion Korean won (about $21.5 million) to the national treasury, The Chosun Ilbo reported Tuesday. Authorities reportedly sold the
Bitcoin’s $BTC$70,816.15 recent dip triggered heavy trading activity, with nearly 600,000 $BTC changing hands in the $60,000–$70,000 range, according to blockchain data tracked by Glassnode. In other words, traders went bargain hunting, snapping up nearly 600,000 $BTC ($42.48 billion) in this price band during the correction. Of these, more than 200,000 $BTC were accumulated in
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
In the US, after Bitcoin (BTC) and Ethereum (ETH), spot ETFs for XRP, Solana, and many altcoins are planned for launch in 2025. While altcoin ETFs are attracting Wall Street’s attention, Bloomberg ETF analyst James Seyffart has revealed investment data regarding Solana ETFs. According to a Bloomberg analyst, investment advisors hold a $270 million portfolio