Dogecoin’s recent price movement shows a classic battle between bears and bulls, with the meme cryptocurrency finding stability after a significant downtrend. The coin experienced a 9.7% drop from $0.237 to $0.214 before buyers stepped in at key support levels. This buying pressure has created what analysts describe as a “panic zone retest” around the … Read more
XRP futures started trading on the Chicago Mercantile Exchange’s (CME) derivatives platform on Monday, becoming the first regulated futures tracking the price of XRP in the U.S. Traders can trade two contract sizes: 2,500 XRP and 50,000 XRP, which will both be cash-settled and based on the SME CF XRP-Dollar Reference Rate, which tracks the … Read more
Blockchains are a technical marvel, but in this vastly competitive landscape, I’ve come to see the social consensus and ecosystem around blockchains as by far their most important strategic asset. The social layer matters, but for different reasons depending on the chain. Specifically, I have the hypothesis that the “Layer 0” for any blockchain ecosystem … Read more
Bitcoin (BTC) enjoyed its weekly dose of volatility late Sunday, rising to around $107,000, before decisively plunging back to $102,000. The crypto market typically experiences a bump in volatility at this time on Sunday as it coincides with the opening of the CME futures market, which takes a few moments to recalibrate to the lower … Read more
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR) Strategy (MSTR) has purchased 7,390 BTC for approximately $764.9 million at an average price of $103,498 per bitcoin, according to a filing on Monday. This latest acquisition increases the company’s total bitcoin holdings to 576,230 BTC, now valued at roughly $59 billion based … Read more
Ethereum co-founder Vitalik Buterin has proposed a new design to reduce the hardware burden for running a network node, framing it as a step toward a fully decentralized network that doesn’t require sophisticated infrastructure to help maintain. In a blog post published on Sunday, Buterin introduced the concept of “partially stateless nodes,” allowing users to … Read more
Crypto investment products brought in $785 million in inflows last week, pushing year-to-date totals to $7.5 billion and marking a full recovery from the nearly $7 billion withdrawn during February and March’s market correction. The rebound was led by U.S.-based investors, who contributed $681 million, followed by $86.3 million from Germany and $24.2 million from … Read more
BounceBit, a crypto infrastructure provider using features from both centralized (CeFi) and decentralized finance (DeFi), has executed a bitcoin (BTC) derivatives trading strategy using BlackRock’s yield-generating tokenized money market fund, BUIDL, to enhance returns. The strategy, to be rolled out to institutions and retail users, consisted of two main components: a bitcoin basis trade, involving … 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 3068.55, down 4.7% (-151.33) since 4 p.m. ET on Friday. None of the twenty assets are trading higher. Leaders: BTC (-1.2%) and XRP (-4.5%) Laggards: AVAX (-8.6%) and UNI … Read more
The Bitcoin network hashrate rose 2% in the first two weeks of May to an average of 885 exahashes per second (EH/s), Wall Street bank JPMorgan (JPM) said in a research report Friday. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a … Read more
