Author: Coindesk
Bitcoin fell below $62,000 during the European morning on Tuesday, losing about 1.63% over 24 hours. The CoinDesk 20 Index (CD20), a broad measurement of the digital asset market as a whole, fell almost 1.1%. Ether declined more than 2% to just above $2,900, while solana was largely unchanged at $145. In the next 24 hours, attention will turn to inflation reports out of the U.S. The latest Producer Price Index (PPI) is set for release at 08:30 ET today and the Consumer Price Index (CPI) is due tomorrow. Stubbornly high inflation has previously put paid to hopes of rate…
“The industry is only just starting to come to grasp with memes being fun, relatable, enjoyable, and representative of the average person,” said B, lead developer at Floki, in a note to CoinDesk. “The vast majority of retail is flocking over to meme coins and ignoring the tired old “utility” crypto projects.” Read the full article here
“Since the halving, we have seen nearly zero growth in stablecoin inflows, and bitcoin futures leverage has been dramatically reduced. Contrary to the bullish tweets about a post-halving rally, crypto users have voted with their money by withdrawing or pausing inflows,” Markus Thielen, founder of 10x Research, said in a note to clients Monday. Read the full article here
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
“I think there’s a long time between now and an election and so I wouldn’t expect them to further the details out at this point,” said Varun Paul, senior director and business lead for CBDC and financial market infrastructure at Fireblocks. “I’m pleased – I don’t think that digital assets are proving to be a political hot potato at the moment, I think we’re lucky in the U.K. that it’s not become a political battleground like it has been in the U.S.” Read the full article here
Block trades are privately negotiated futures, options, or combination trades exceeding certain volume thresholds. Participants typically use communication technologies like Paradigm to request quotes bilaterally and agree on the price, following which the trade is submitted to an exchange, in this case, Deribit, for execution and clearing. Read the full article here
“Self-custody wallet experience was completely broken and required users to go through several hurdles of the Web3 space like blockchain, self-custody, security and trust, signing transactions or gas fees,” said Khandelwal. “Okto is the first such system which provides a Web 2-like single click mobile experience in the Web3.” Read the full article here
“With the decrease in hashrate, market share of our 3 covered miners has gone up after halving by almost 20 basis points (bps),” analysts Gautam Chhugani and Mahika Sapra wrote, adding that “we expect the top 3 listed bitcoin miners to continue to consolidate market share via organic and M&A led expansion.” Read the full article here
Adding some fuel to the fire was a piece in the SCMP that said these ETFs would be available to mainland traders who have Hong Kong residency and brokerage accounts. That’s certainly true, but there’s a massive caveat: it’s like saying that mainlanders with U.S. residency can open an American brokerage account and trade New York-listed stocks (which they can’t). This doesn’t mean that they are available in mainland China, as the trading, by mainlanders with Hong Kong residency, is done in Hong Kong. Read the full article here