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Circle preps $1B war chest to deal with market threats from PayPal and others
10.8.2023
Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down
Biggest Movers: LINK Retreats From 2-Week High, as XRP Drops 5%
10.8.2023
Chainlink declined from a recent two-week high on Thursday, as market uncertainty rose around the latest U.S. inflation report. As consumer prices rose to a reading of 3.2% in July, traders so far seem unsure on how to process this data. XRP fell by nearly 5% today. Chainlink (LINK) Chainlink...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Slip on Thursday, Despite Inflation Cooling Off in US
10.8.2023
Bitcoin retreated from a recent high on Thursday, in light of a much anticipated inflation report from the United States. The consumer price index declined to an annual rate of 3.2% last month, with core inflation falling to 4.7%. Ethereum also slipped into the red. Bitcoin Bitcoin (BTC) gave...
SEI Token Could Reach Nearly Half a Billion Market Cap on Binance Debut
10.8.2023
Decentralized exchange Aevo rolled out a new product on Wednesday that allows traders to express bullish/bearish view on tokens awaiting an exchange listing
Binance drops majority of USD Coin reserves — Latest USDC news
9.8.2023
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with
Biggest Movers: SHIB 10% Higher on Wednesday, SOL Records 10-Day High
9.8.2023
Shiba inu rose by as much as 10% during today’s session, as bullish sentiment returned to cryptocurrency markets. The meme coin climbed to its highest point this week, with the global crypto market cap up nearly 2% as of writing. Solana was another big gainer, hitting a ten-day high on Wednesday....
Stablecoin Market Cap To Hit Nearly $3 Trillion By 2028: Bernstein Report
9.8.2023
Private wealth management company Bernstein has projected stablecoins to grow by 2,140% in the next five years with huge developments pouring into the sector.
According to the report, the stablecoin market stands at $125 billion with USD Tether (USDT) and USD Circle (USDC) as leaders but...
Bitcoin, Ethereum Technical Analysis: BTC Surges Above $30,000, as Moody’s Downgrades 10 US Banks
9.8.2023
Bitcoin moved above $30,000 late on Tuesday, as markets reacted to the news that rating agency Moody’s had downgraded several U.S. banks. The list includes State Street, Northern Trust, and Bank of New York Mellon. Ethereum was marginally higher. Bitcoin Bitcoin (BTC) briefly rose back above...
Why are XDC Network, Optimism, and Pomerdoge pumping after the market dip?
9.8.2023
Despite the recent market dip, XDC Network (XDC), Optimism (OP), and Pomerdoge (POMD) have sparked a price rally. Their values have surged in the past week, raising questions about the factors driving their positive momentum. Let us look at some possible reasons behind their bullish price movement....
Coinbase Launches $150 Million Corporate Bond Buyback Program- Crypto Bull Market Back?
9.8.2023
United States' largest digital asset exchange Coinbase has announced plans to buy back a portion of its corporate $1 billion debt.
The repurchase plan will see the company buy up to $150 million of its bond which is expected to mature 2031 following positive earnings in the second quarter of...
XRP, SOL Lead Crypto Market Bounce; RLB and UNIBOT Surge on Bullish Sentiment
9.8.2023
Trading volumes for rollbit tokens grew 500% on a revamped token buy-and-burn plan
Stablecoin Market to Grow to Almost $3T in Next 5 Years: Bernstein
9.8.2023
Major global financial and consumer platforms are expected to issue co-branded stablecoins resulting in significant growth for these cryptocurrencies, the report said
Pepe Coin Price Prediction as PEPE Surges Up 15% and Becomes Best Performing Meme Coin in the Market – What's Going On?
9.8.2023
The Pepe Coin price has surged to $0.00000124 in the past 24 hours, with its 15% rise in the past 24 hours making it the best-performing meme token in the market right now.
Despite this gain, PEPE remains down by 1.5% in the last 7 days and by 15% in the last 30, with the altcoin also having...
Crypto Market Leaders and Laggards: The Biggest Movers of the Week
8.8.2023
Stellar (XLM), XRP (XRP) and Shiba Inu (SHIB) were notable winners from the last week, while Curve Finance (CRV) and Augur (REP) struggled. The market is down overall, according to CoinDesk Market Index, but only marginally compared to recent growth
Report: Cryptopunks and Blue Chips Power Top NFT Traders to Over $300 Million in Profits
8.8.2023
The top 15 traders in the Ethereum non-fungible token (NFT) market have amassed up to $101.6 million in profits, as revealed in Coingecko’s latest NFT report. These traders lucratively capitalized on early investments in esteemed blue-chip NFT collections such as Cryptopunks, Bored Ape Yacht...
Biggest Movers: LINK, SOL Extend Gains, as Crypto Momentum Begins to Shift
8.8.2023
Chainlink surged by nearly 4% during Tuesday’s session, as the token moved towards a one-week high. The move came as cryptocurrencies rebounded, following a slow start to the week. Solana was another big mover, as it headed towards the $24.00 level. Chainlink (LINK) Chainlink (LINK) was one...
Should you just wait for October to trade Bitcoin?
8.8.2023
The months of August and September haven't been the best for Bitcoin price historically, and with volatility at historic lows, traders may want to wait it out
Crypto Exchange Mango Dealing with Surging Legal Costs, a Year After $100 Million Market Manipulation Exploit
8.8.2023
A year after the alleged $100 million crypto market exploit by Avi Eisenberg, Mango Markets, a blockchain-based trading protocol, finds itself grappling with mounting legal expenses, prompting internal conflicts among its stakeholders.
The platform's financial strain has intensified as Mango...
Bitcoin, Ethereum Technical Analysis: BTC Nears 1-Week High, as Paypal Launches USD Stablecoin
8.8.2023
Bitcoin rebounded on Tuesday, following the news that Paypal was launching a USD stablecoin on the ethereum blockchain. The company hopes the move will bridge the gap between fiat and cryptocurrencies for all of its stakeholders. Ethereum was marginally higher today. Bitcoin Bitcoin (BTC) was back...
First Mover Americas: Market Doesn't React Much to PayPal Stablecoin
8.8.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets