In brief Nasdaq’s venture arm is putting $100 million into Payward, valuing the Kraken parent at $21 billion. Kraken will distribute Nasdaq’s tokenized stocks, which would carry the same voting rights as ordinary shares. It is the third time this year an established exchange operator has taken a stake in a crypto exchange. Nasdaq is
Bitcoin [$BTC] and the rest of the crypto market experienced increased volatility on the 9th of September. Bitcoin rallied to $79,760 on the day, but just 14 hours later, it had shed 2.49% in value to fall to $77,770. Why is crypto falling today? The retracement saw $BTC retest the local support zone at $77.9k.
It is pointed out that investors in the cryptocurrency market should closely follow not only the Fed’s policies but also interest rate and yen movements in Japan. EasyA co-founder Dom Kwok assessed why the Japanese yen is important for global markets and especially for risky assets like Bitcoin and altcoins. According to Kwok, Japan’s interest
President Donald Trump is promising American adults $5,000 each if Republicans keep the House and Senate after the November midterms. Trump announced the idea Wednesday at the GOP gathering in Dallas while Republicans try to hold their congressional majorities. Sending that much money across the United States would mean a large federal expense. With each
Bitcoin is holding steady at $78,378, up 1% over the past day and the past week, even as the broader crypto market slides. Total crypto market cap has slipped to $2.76 trillion, down nearly 1%, with Bitcoin proving more resilient than most of the altcoin field around it. Bitcoin’s own market cap sits near $1.57
US-listed spot Bitcoin exchange-traded funds (ETFs) recorded $120.2 million in net outflows on Wednesday, bringing withdrawals across the first two sessions of the holiday-shortened week to $166.8 million, according to Farside Investors data. The ARK 21Shares Bitcoin ETF (ARKB) led Wednesday’s withdrawals with $78 million, followed by Grayscale’s Bitcoin Trust ETF (GBTC) with $27.2 million
Bitcoin (BTC) sell-side risk remains near historic lows as August profit-taking cools, new data shows. Key points: Bitcoin’s sell-side risk ratio fell to seven from 16 in September, placing it among its lowest-ever readings. Selling pressure eased while Bitcoin held most of its 25% August gains. Bitcoin ETF investors have spent 229 sessions below their
Solana is making significant strides in the tokenized stocks market, leveraging its unique advantages to enhance its ecosystem. The recent addition of 20 new tokenized stocks, issued by Backpack Securities through Sunrise, marks a pivotal moment for Solana’s growth. This expansion comes amid increasing trading activity around the memestock narrative, signaling potential opportunities for investors.
Coinbase CEO Brian Armstrong said that Bitcoin may have passed its bottom in the current market cycle and that he expects it to re-enter an upward trend within the next one to two years. In an interview in Singapore, Armstrong offered his assessment of the future of the cryptocurrency market. The Coinbase executive stated that
Arya.ag, India’s largest agricultural warehousing business, is using the Avalanche blockchain to tokenize grain deposits, warehouse receipts and loan status, giving lenders what it says is a more reliable way to verify the crops backing agricultural loans. Nandan Nilekani, the co-founder of tech giant Infosys and project leader of India’s Aadhaar identity system, announced the