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 2869.91, up 6.2% (+166.74) since 4 p.m. ET on Wednesday. All 20 assets are trading higher. Leaders: SUI (+16.4%) and BCH (+15.6%) Laggards: BTC (+3.3%) and LTC (+4.5%). The…
Stripe is ramping up its stablecoin capabilities, expanding the provision for businesses to receive and hold payments on cryptocurrency rails. Following on from Stripe’s acquisition of stablecoin platform Bridge, the San Francsico-based payments giant has unveiled a new money management service powered by stablecoins. Stablecoin Financial Accounts will enable businesses to hold a balance in…
The Federal Reserve may not cut interest rates any time soon, but when it does, the easing could be aggressive, according to Dutch investment bank ING. On Wednesday, the Fed kept the benchmark rate on hold between 4.25% and 4.5%, with Chairman Jerome Powell raising the specter of stagflation during the press conference following the…
Coinbase has agreed to pay $2.9 billion to buy bitcoin (BTC) and ether (ETH) options platform Deribit, according to a press release, marking its official push into the highly profitable crypto derivatives market in the U.S. The crypto exchange, alongside competitor Kraken, had been in talks to buy Deribit for months, with Bloomberg reporting that…
The latest Crypto-and-Congress news is all about the Senate Democrats getting cold feet on the stablecoin bill (the GENIUS Act). The same bill they voted for just two months ago. Why the flip-flop? Because they don’t like Trump and they think the bill will help him profit. Why the Democrats keep hitting “replay” on this…
Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year. According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that this is a result of large-scale investments….
The world’s biggest crypto exchange will buy the world’s leading options exchange. The world’s biggest crypto exchange will buy the world’s leading options exchange. Markets Decrypt
SUI price gains as token continues upside with monthly gains of over 85% The altcoin is rising as the overall crypto market bounces amid gains for Bitcoin. Crypto analyst Captain Faibik shared a SUI price prediction suggesting a surge to $4.25. Sui price is up 12% in the past week, with the altcoin rising as…
Bitcoin (BTC) has long been branded as “digital gold,” a store of value for believers in scarcity, decentralization and self-sovereignty. As institutional interest grows, geopolitics shift, and new layers emerge on Bitcoin’s stack, is it time for the narrative to evolve? In this episode of The Clear Crypto Podcast, hosts Nathan Jeffay and Gareth Jenkinson…
The largest US-based crypto exchange has entered into an agreement to acquire the biggest digital asset options trading platform. The statement by Coinbase informed that the overall value of the transaction will be approximately $2.9 billion, comprised of cash and company shares. The Wall Street-listed company described the move as a “milestone transaction,” as Deribit…
