Author: Coindesk
To provide some historical context, ETF trade volume reached a $9.9 billion peak during the March bull run, according to data from checkonchain. Total trade volume on Nov. 6 reached approximately $76 billion, comprising futures volume of $62 billion, spot volume of $8 billion and ETF trade volume of $6 billion, so ETF trade volume is still a small percentage of the total. Read the full article here
“With Hong Kong on the cusp of announcing new stablecoin regulations allowing digital currencies on public blockchains, the introduction of this KYC solution trial gives Mainland Chinese residents their first opportunity to legally hold public chain wallets and transact with stablecoins, such as HKDA, a fiat-referenced Hong Kong Dollar stablecoin issued by IDA. This project signals a possible first step in aligning with China’s long-term approach to integrating blockchain technology,” the companies said in a statement. Read the full article here
Traders are eyeing $100,000 as the next level of interest for bitcoin’s price, though there is likely to be a period of consolidation first, according to some analysts. BTC is riding the wave of President-elect Trump’s victory and the Fed’s expected 25 basis-point interest rate cut on Thursday. There are some concerns about a short-term pullback given Trump’s proposed tariffs on China and fiscal concerns like rising national debt. BTC is “defending its top,” Alex Kuptsikevich, senior market analyst at FxPro, told CoinDesk. “In general, we stick to the idea that the new highs have triggered a powerful new growth…
“There is going to be a media frenzy about Elon and D.O.G.E,” well-known trader ‘unipcs,’ told CoinDesk in an X message. “His aggressive backing ofTrump and the ‘Department of Government Efficiency’ narrative could have been a deciding factor for a Trump win. Read the full article here
The decision came after Scholz, who is from the Social Democratic Party, dismissed Finance Minister Christian Lindner, the chairman of the Free Democratic Party (FDP) party, saying he refused a proposal that would suspend rules limiting government borrowing. Read the full article here
Ether is over 7% higher in the last 24 hours, outperforming the broader digital asset market, which has risen by 2.7%, as measured by the CoinDesk 20 Index. ETH crossed $2,800 for the first time since early August, breaking out of the $2,300-$2,600 range that has persisted even while other coins were rallying. President-elect Trump’s victory may be stirring hopes of a “DeFi Renaissance” and with it a breakout in the price of ether. “DeFi Renaissance thesis is progressing as expected with Trump deregulation and crypto friendly policy and rule-making from Republican admin and Senate,” wrote Arthur Cheong, co-founder at…
One of the new dashboard’s most striking features is its funds flow analysis, which reveals where stolen funds ended up after being siphoned from victims. Unsurprisingly, platforms like Tornado Cash — the crypto mixer sanctioned by U.S. authorities — emerge as major endpoints for these funds. However, decentralized finance (DeFi) protocols like Sushi, Yearn, and Uniswap also rank among notable end destinations for laundered assets. Read the full article here
“It supports our efforts to ensure that our jurisdiction remains at the forefront globally, providing a flexible legal framework that can react to the dynamic nature of digital assets and other emerging technologies,” Lord Frederick Ponsonby of Shulbrede said during the debate. Read the full article here
But it’s not all doom and gloom for World Liberty Financial as ether (ETH) has risen by more than 16% since 01:00 UTC on Wednesday, turning the paltry $15.3 million it has raised, into $16.25 million. Etherscan shows that the token sale wallet has not liquidated any tokens and that it currently holds 4,234 ETH and $4.2 million worth of stablecoins. Read the full article here
BTC trades above $76,000 in Asian morning hours Friday, up nearly 10% over the past week. In line with analyst expectations, the Federal Reserve cut rates by 25 basis points on Thursday in a move that typically supports risk assets like bitcoin by increasing liquidity and weakening the dollar. Read the full article here