If it’s possible for a central bank to cut rates and still be hawkish, the U.S. Federal Reserve accomplished that this week. In his post-meeting press conference Wednesday, Fed Chairman Jerome Powell hit markets with an unexpected broadside, insisting that a December rate cut was far from a done deal. The reaction was swift, with
According to new data from CoinGlass, traders of Bitcoin are preparing for a possible $3,000,000,000 liquidation event that could occur if BTC rises to about $112,600. A massive cluster of short positions is accumulating just above the current market level, according to the most recent liquidation map. If bulls are able to drive prices even
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 3627.75, up 4.0% (+138.28) since 4 p.m. ET on Thursday. All 20 assets are trading higher. Leaders: FIL (+7.3%) and SUI (+6.6%). Laggards: UNI (+1.5%) and BTC (+3.1%). The
At Jensen Huang’s recent appearance in Seoul, attendees waved smartphones showing stock tickers for Nvidia and Samsung rather than crypto charts. Meanwhile, trading volumes on Upbit, South Korea’s largest crypto exchange, have declined by 12.8% recently, indicating a notable shift in retail investor sentiment. Korean Retail Market Rotates From Crypto to AI-Linked Equities South Korea
BNB Chain has edged past TRON to become the most active network for stablecoin transactions, fueled by surging DEX volume and spillover from Binance’s trading incentives. But analysts at ARK Invest noted that the space has become more fragmented. Summary BNB Chain has overtaken TRON as the busiest network for stablecoin activity, driven by rising
GoDark, an institutional dark pool purpose-built for digital assets and backed by crypto custody and trading specialists like Copper and GSR, is unveiling a new service designed to execute large orders without tipping a hand to the market. As well as GSR and Copper, the offering comes out the gates with heavyweight backing in the
Michael Saylor’s bitcoin BTC$110,438.42 treasury company Strategy (MSTR) is exploring credit securities opportunities in international jurisdictions as part of its goal to become the dominant global credit issuer. “We are also actively laying the groundwork for credit securities in international jurisdictions, positioning Strategy to become a dominant credit issuer globally”, said Phong Le, president and
Venezuela is taking a major step toward bridging traditional banking and blockchain technology. The country’s leading payment company, Conexus, is developing a new system. That will allow banks to handle Bitcoin and stablecoins like USDT directly. The project aims to bring digital assets into the national banking network and could launch as soon as December
For more than a decade, October has been one of Bitcoin’s easiest months to be bullish. Historically, it has delivered average gains of about 22.5%, helped by post-summer liquidity, year-end portfolio positioning, and, more recently, steady demand from US investment products. As a result, confidence in that pattern was high again this year. And true
On October 30, both U.S. spot ETFs continued their two-day streak of sell-offs. Bitcoin ETFs recorded $488.43 million in outflows, while Ethereum ETFs recorded $184.31 million. Neither of the funds recorded any gains for the day, as per SoSoValue data. Bitcoin ETFs Breakdown Bitcoin ETFs saw a combined $488.43 million in inflows, with BlackRock reporting