The cryptocurrency markets have been shaken by a sharp sell-off. Bitcoin ($BTC), the world’s largest cryptocurrency, plummeted from around $88,000 to the $84,000 range in the last hour. A graph showing the decline in $BTC price. This rapid movement also resulted in a large amount of liquidation in the futures markets. According to data from
Quantum computing poses a theoretical threat to Bitcoin, but the risk remains distant and manageable, according to Wall Street broker Benchmark. While quantum machines could eventually compromise certain cryptographic systems, Bitcoin has both the time and engineering path to evolve before that point, according to Benchmark analyst Mark Palmer, who has generally been bullish on
Crypto custody firm Copper is in early talks about a public listing, according to three people with knowledge of the matter. Goldman Sachs, Citi and Deutsche Bank are among the investment banks potentially involved, according to one source. The decision on whether to pursue a listing will hinge on the company’s near-term revenue performance, a
President Donald Trump renewed pressure on the Federal Reserve after it held rates steady following Wednesday’s FOMC meeting in Washington. He criticized Chair Jerome Powell, demanding an immediate Fed rate cut. Trump argued that high rates now harm the economy and national security, while reiterating that inflation is no longer an issue.
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 2678.97, down 2.3% (-64.01) since 4 p.m. ET on Wednesday. None of the 20 assets are trading higher. Leaders: CRO (-0.9%) and POL (-1.2%). Laggards: AVAX (-4.4%) and DOT
Robinhood (HOOD) is investing in Talos, an institutional trading technology provider for digital assets, in an extended Series B funding round that values the New York-based company at around $1.5 billion. Talos originally raised $105 million in a Series B funding round in May 2022, valuing the firm at $1.25 billion. The new extension brings