The cryptocurrency market faces headwinds as geopolitical tensions and security concerns weigh on investor sentiment. SUI’s sharp overnight decline coincides with broader market uncertainty, though strong buyer interest emerged at support levels around $3.40-$3.42. Meanwhile, the Sui community has rallied behind Cetus Protocol’s recovery efforts following its recent hack, with validators overwhelmingly approving a plan … Read more
The Ethereum blockchain has yet to see a significant increase in activity despite successive upgrades, investment bank JPMorgan (JPM) said in a research report. “Neither the number of daily transactions nor the number of active addresses saw a material increase post recent upgrades,” analysts led by Nikolaos Panigirtzoglou wrote in the Wednesday report. Still, total … Read more
Stablecoins are playing an increasingly important role in both crypto markets and traditional finance, according to a Friday report by Wall Street giant Citigroup. As stablecoin usage grows, so does their demand for short-term U.S. Treasuries, although substitution from money market funds may limit the net effect, the report said. Legislation under consideration in Congress … Read more
“James Wynn,” the closely-watched trader, has now placed a $12 million worth of long bet on PEPE just hours after losing over $100 million in bitcoin BTC long positions. Wynn, known for placing billion-dollar bets on the onchain trading platform Hyperliquid, opened a new 10x leveraged long worth more than $12 million on the memecoin … Read more
Dogecoin DOGE, the popular meme cryptocurrency, endured a rough night as it plunged over 10% in a sudden sell-off that rattled markets. The drop — from $0.226 to $0.202 — occurred around midnight, coinciding with a surge in trading volume to 1.18 billion, highlighting a scramble among traders reacting to broader market jitters. While DOGE … 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 3130.42, down 1.7% (-54.58) since 4 p.m. ET on Thursday. One of 20 assets are trading higher. Leaders: BCH (+0.5%) and BTC (-0.2%). Laggards: NEAR (-5.4%) and DOT (-5.3%). … Read more
Bitcoin BTC mining difficulty is on track to reach a new all-time high sometime around midnight UTC in a sign of increased participation by miners that makes the blockchain more secure. The adjustment is likely to finalize within the next 100 blocks, with projections showing the measure will rise about 4% to 126.95 trillion (T), … Read more
Stellar’s native token XLM fell along with the broader market in the past 24 hours, with large volumes occurring at the turn of the day. The decline happened even as Rain, the global card issuing platform powered by stablecoins, announced Thursday support for Stellar alongside integration with Solana and Tron. XLM has plummeted 7% over … Read more
Payments firm Stripe held early discussions with banks about integrating stablecoins into their core service as digital tokens are gaining traction for global payments, co-founder and president John Collison said in an interview with Bloomberg. “Banks are very interested in how they should be integrated with stablecoins into their product offerings as well,” said Collison. … Read more
Early Thursday, CoinDesk reported bullish-to-neutral shift in sentiment in the options market tied to BlackRock’s spot bitcoin exchange-traded fund (ETF). But by the end of the day, the situation worsened further, with sentiment turning slightly bearish. The one-year put-call skew, which reflects how the market prices in volatility risk for put options, offering downside protection, … Read more
