The final quarter of 2024 marked a surge in cryptocurrency mergers and acquisitions (M&A) activity, signalling that the post-election sentiment shift could spark even more deals in the new year. M&A has already been on the rise, and the recent acquisition of Bridge by Stripe marked a significant milestone that highlights a trend of the … Read more
One of the largest investment companies in the world with more than $2.3 trillion in assets under management, Los Angeles-based Capital Group has become one of the biggest shareholders in Metaplanet. Based in Japan, Metaplanet was a hotel industry investor that’s become notable over the past year for its bitcoin (BTC) treasury strategy modeled along … Read more
On Jan. 2, Muneeb Ali, the co-founder and CEO of leading Bitcoin L2 Stacks, updated his X bio from simply “founder @Stacks” to “war time founder @Stacks.” The change signaled Ali’s recognition that 2025 is a year when Stacks must pivot to a focus on going to market and expanding its user base after 2024’s … Read more
Another jurisdiction has Polymarket in its crosshairs. Over the weekend, Singapore’s Gambling Regulatory Authority (GRA) ordered local internet service providers to block access to the prediction market platform, according to reports from users in the city-state. “You have attempted to access an illegal gambling site hosted by an unlicensed gambling service provider,” the announcement reads, … Read more
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 3246.57, down 4.2% (-143.25) since 4 p.m. ET on Friday. One of 20 assets is trading higher. Leaders: XRP (+1.4%) and ADA (-2.6%). Laggards: RENDER (-10.7%) and NEAR (-10.4%). … Read more
2025 could be a big year for cryptocurrency exchange-traded funds (ETFs), according to Laser Digital, the digital asset subsidiary of financial services giant Nomura. More than twelve crypto ETFs could be launched in the U.S. this year, if approved by the Securities and Exchange Commission (SEC), Laser Digital said in a report last week. Asset … Read more
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy and Semler Scientific (MSTR). Michael Saylor’s MicroStrategy (MSTR) has increased its bitcoin (BTC) holdings for the tenth consecutive week. In the week ending Jan. 12, MicroStrategy purchased 2,530 BTC for $243 million, bringing its total holdings to 450,000 BTC. The average price of the … Read more
Bitcoin (BTC) started the new week on a negative note as major investment banks reassessed their expectations for Federal Reserve (Fed) rate cuts following Friday’s strong jobs report. The leading cryptocurrency by market value dipped below $93,000 during the European hours, representing a 1.6% drop on the day, according to data source CoinDesk. Prices looked … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Risk assets are trading down as the dollar index and Treasury yields benefit from Friday’s blowout nonfarm payrolls report and the Palisades Fires posing a risk to the insurance sector and some P&C companies. BTC is down 2%, changing hands in the key support zone of … Read more
New records continue to be set in the bitcoin (BTC) ecosystem, which has seen the mining difficulty adjustment rise to a new all-time high of 110.45T (trillion). 110.45 trillion means that the difficulty is approximately 110.45 trillion times harder than it was at the time of Bitcoin’s genesis block. The difficulty adjustment adjusts every 2,016 … Read more