According to a recent report by the Financial Times, the Coinbase exchange is at risk of losing its dominance due to the White House’s enthusiasm for crypto, which has enabled “mounting competition.” Bitwise’s Ryan Rasmussen has told the FT that the US exchange giant might be losing its head start. Coinbase’s stock stumbles You would
Crypto taxation has long been a source of confusion, and with the IRS placing digital assets front and center on tax forms, clarity has never been more important. From the introduction of Form 1099-DA to new requirements for brokers, ETFs, and eventually DeFi platforms, the coming changes will redefine how individuals and institutions navigate their
$7.5 trillion is now parked in U.S. money market funds. This vast amount of capital marks a new all-time high that risk asset traders are closely watching. Why? Because as yields trend lower and the Fed prepares to cut rates, this colossal dry powder could be primed to flood into risk assets, including tech stocks
Arthur Hayes believes the current crypto bull market has further to run, supported by global monetary trends he sees as only in their early stages. Speaking in a recent interview with Kyle Chassé, a longtime bitcoin and Web3 entrepreneur, the BitMEX co-founder and current Maelstrom CIO argued that governments around the world are far from
On Sept. 17, the U.S. Federal Reserve (Fed) is widely expected to cut interest rates by 25 basis points, lowering the benchmark range to 4.00%-4.25%. This move will likely be followed by more easing in the coming months, taking the rates down to around 3% within the next 12 months. The fed funds futures market
Record-breaking flows into exchange-traded funds may be reshaping markets in ways that even the Federal Reserve can’t control. New data show U.S.-listed ETFs have become a dominant force in capital markets. According to a Friday press release by ETFGI, an independent consultancy, assets invested in U.S. ETFs hit a record $12.19 trillion at the end
Bitcoin’s rally lost momentum in August, and slowing corporate accumulation may explain why. Tracked treasury entities added 47,718 BTC last month ($5.2 billion), down from more than 100,000 BTC in July, according to the latest Bitcoin Treasuries Adoption Report. That brought total holdings across public companies, private firms, governments and ETFs to 3.68 million BTC,
Wall Street veteran and macro analyst Jordi Visser stated in an interview with digital asset investor Anthony Pompliano that traditional financial circles will increase their allocation to Bitcoin by the end of this year. Visser stated that institutional cryptocurrency investments are expected to increase in the fourth quarter in preparation for next year. Visser also
The Ethereum Foundation has released a comprehensive roadmap aimed at bringing end-to-end privacy to the world’s second-largest blockchain. The foundation’s privacy-focused team will now operate as Privacy Stewards of Ethereum (PSE). The published roadmap was compiled by team member Sam Richards. Richards said, “Ethereum is on its way to becoming the world’s consensus layer. But
Billionaire investor and tech entrepreneur Chamath Palihapitiya has suggested that Bitcoin (BTC) could reach $1.14 million in the current cycle and replace gold in the long run. Palihapitiya, in his statement, noted that Bitcoin has historically experienced price increases after halvings, and that this time, the market has experienced a “turning point” with the introduction