Author: Coindesk
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one. Read the full article…
These programmable containers can represent anything of value — stocks, bonds, art, intellectual property — just as a website can be “programmed” to contain any kind of information online, like a storefront, social media site, or government landing page. Tokens are also accessible to anyone around the world with an internet connection, and eliminate the need for many traditional intermediaries. Embedded technology like smart contracts can automate functions once handled by brokers, exchanges, and transfer agents, reducing both friction and fees. Read the full article here
The White House took an adversarial stance towards crypto through most of U.S. President Joe Biden’s term – for example, going out of its way to veto a controversial accounting measure, SAB 121, which makes it hard for banks to custody crypto.But things started to change when former President Donald Trump said in May that he’d champion the industry. He then doubled down by vowing to constitute a strategic bitcoin reserve, to free Silk Road creator Ross Ulbricht from prison and to help the bitcoin mining industry develop in the U.S. Read the full article here
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one. Read the full article…
WLFI will serve as a platform governance token, allowing users to engage in borrowing, lending, and other DeFi activities. The project aims to raise $300 million, valuing the venture at $1.5 billion, with 100 billion tokens released on the Ethereum blockchain. Read the full article here
Bitcoin ETFs registered $556 million in inflows on Monday, their highest in over four months. Fidelity’s FBTC led the way with gains of $239 million, while Bitwise’s BITB was a distant second with $100 million. The inflows marked a multi-month high for bitcoin ETFs, as the last time they registered higher gains was on June 4, when they hit $886.75 million. This also preceded the last time bitcoin eclipsed the $70,000 mark on June 6, suggesting BTC is primed for further gains. Traders on Polymarket are offering a 64% possibility of bitcoin reaching another all-time high in 2024, which is…
For example on Mar. 12, there was an inflow of $905 million before bitcoin reached its all-time high. Other dates include Mar. 29 ($760 million), June 3 ($1.2 billion), July 22 ($579 million) and Sept. 27 ($454 million), where inflows over $450 million coincided with local tops. Read the full article here
The shorter duration limits the gap between futures and spot prices, ensuring a lower premium than monthly standard and micro futures contracts. The lower premium means the contango bleed, or the cost incurred from moving positions from the impending expiry to the following Friday expiry, is relatively less than extended duration contracts, leading to improved profitability. Read the full article here
While the breakout on the line break chart indicates the scope for a rally to new peaks, traders should be watchful of two things, the first being the candlestick chart, which shows bulls have consistently failed to secure a foothold above $70,000 since March. Prices could again encounter stiff resistance around that level. Read the full article here
The 37 million WLD emission, representing the rate at which new tokens are created over time, will increase the token supply by 7%. The tokens will be distributed to team members, advisors, and investors. Initially, these early contributors’ WLD tokens were intended to be subject to a three-year lock-up schedule, which was extended to a five-year schedule in July. Read the full article here