BJ Bitcoin (BTC) staking layer Core has teamed up with Singapore-based custodian Cobo to expand its institutional reach into the Asia-Pacific (APAC) region. Core, issuer of the liquid-staking token lstBTC, will enable Cobo’s institutional clients to earn a return on BTC holdings while maintaining full control over their assets, according to an emailed announcement shared with … Read more
Along with stocks in general and crypto markets in particular, it’s been a rough few weeks for Coinbase (COIN), its shares sporting a decline of about 30% since mid-February and a 40% drop since hitting a 52-week high in early December. Investment firm Rosenblatt spies opportunity, saying investors will benefit from buying the dip as … Read more
Cardano’s ADA, XRP and Solana’s SOL slid on Friday after a White House official backpedaled on President Trump’s recent announcement that he would sign an executive order instructing the Presidential Working Group to move forward with the creation of strategic crypto reserve comprised of ADA, XRP, SOL, bitcoin and ether. “I think the president just … Read more
Fold Holdings, Inc. (NASDAQ: FLD) has increased its bitcoin (BTC) treasury by 475 BTC, bringing its total holdings to over 1,485 BTC. This move secures Fold’s position among the top ten U.S. public companies with the largest bitcoin treasuries. Acquiring bitcoin through a convertible note at a 100% premium, Fold reinforces its strategy of bridging … Read more
Solid strength in the U.S. employment market continued in February, though the unemployment rate ticked higher. Nonfarm payrolls rose 151,000 last month, the Bureau of Labor Statistics reported Friday morning. Economist forecasts had been for a gain of 160,000. January payroll growth was revised lower to 125,000 versus an originally reported 143,000. The February unemployment … Read more
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 2918.27, down 0.2% (-6.41) since 4 p.m. ET on Thursday. Thirteen of 20 assets are trading higher. Leaders: HBAR (+7.0%) and DOT (+5.2%). Laggards: AAVE (-2.9%) and ADA (-2.9%). … Read more
Coworking summits at the mtnDAO hacker house come and go. But mtnCapital trades forever. The monthlong Solana developer meetup will launch its token ($MTN) at the end of March, co-founders Barrett and Edgar Pavlovsky exclusively told CoinDesk. That much was always expected from a famously pro-token team. More intriguing is what the token does. MTN … Read more
Cryptocurrency markets are likely to remain under pressure in the short term owing to a lack of positive catalysts and skepticism about whether Congress will approve a U.S. strategic crypto reserve, JPMorgan (JPM) said in a research report Wednesday. “Not only is there skepticism about congressional approval for such a strategic crypto reserve, but also … Read more
President Donald Trump’s order to establish a bitcoin (BTC) reserve is meant to set up the original cryptocurrency as a U.S. reserve asset that deserves special treatment apart from other crypto assets, according to a senior White House official. The order’s additional crypto stockpile of other assets will only gather those obtained by the U.S. … Read more
