The NYSE-listed closed-end fund C1 Fund (NYSE: CFND) has added decentralized prediction market platform Polymarket to its investment portfolio, bringing its total number of cryptocurrency-related holdings to 11 as of the second quarter. The fund, which focuses on private and public digital asset companies, disclosed the addition in its latest regulatory filing, expanding from seven
Bitcoin is on track to log its best August performance since 2017, demonstrating remarkable resilience against back-to-back macro shocks as escalating US-Iran hostilities and a hawkish pivot from the Federal Reserve test the durability of the digital-asset rebound. Data from CryptoSlate shows that the largest cryptocurrency is trading near $78,400 as of press time, bringing
HKDAP could move the Hong Kong dollar beyond payments and into cross-border settlement, corporate treasury management and tokenized finance as regulated stablecoins gain a role in Hong Kong’s on-chain financial system, according to a HashKey researcher. HashKey senior researcher Tim Sun told crypto.news that the future role of Hong Kong dollar stablecoins, including HKDAP, could
New analysis from a16z crypto, the digital asset arm of venture capital firm Andreessen Horowitz, reveals that 94% of cryptocurrency purchases made with Argentine pesos are directed into stablecoins. The report, released on Aug. 30, underscores how stablecoins have become a de facto dollar access point in a country facing persistent inflation and currency controls.
Metaplanet has paid over $45 million to operate a bitcoin ($BTC) treasury company that has a $1 billion unrealized loss from investing in $BTC. The Japanese company that emulated Michael Saylor’s Strategy loaded its purchases far higher than Strategy’s $75,385 cost basis. It paid 36% more, to be precise. Indeed, Metaplanet has paid $4.41 billion
Bitcoin ($BTC) gyrated around $78,000 at Monday’s Wall Street open as US bond yields neared 20-year highs again. Key points: Bitcoin reacts as the US Treasury Secretary comments on bond markets in a mainstream media interview. Analysis warns that bonds are “ignoring” policy changes as new 20-year highs loom for the 30-year yield. $BTC price
Bitcoin, the leading cryptocurrency, has experienced a significant surge in recent days, climbing from $62,000 to over $81,000. Whales were the biggest buyers during this rise, and there was a clear divergence between the actions of large and small investors. According to on-chain data shared by CryptoQuant writer Woo Minkyu (using a pseudonym), large wallets
After months of decline, August offered a glimpse that the cryptocurrency bear market might be at its end, as rising digital asset prices led to a large increase in the number of addresses holding more than $1 million worth of Bitcoin ($BTC). Specifically, data compiled by Finbold and retrieved from BitInfoCharts, as well as from