Bitcoin (BTC) continued to slide on Monday, hurt by not just by massive bearish price action in most of the rest of crypto, but also as U.S. stocks struggle to pull out of their recent downturn. Falling to about $93,900 as stocks closed, bitcoin is down 1.9% in the last 24 hours. Ether (ETH) is … Read more
OKX, one of the largest cryptocurrency exchanges, settled with U.S. authorities over failing to obtain a license to operate as a money transmitter, the exchange announced Monday. Aux Cayes FinTech Co. Ltd., an OKX affiliate, is the specific party that settled with the U.S. Department of Justice, paying over $500 million in penalties and forfeited … Read more
RealNOI, a company focused on transforming real estate income into a tradable asset, has rolled out its blockchain-powered rental income platform build on top of real-world asset (RWA) tokenization service Chintai. The platform gives investors access to cash flows worth $570 million from nearly 1,900 apartments with projected annual returns exceeding 5%. Unlike traditional real … Read more
Infini, a prepaid payments card issuer that offers interest on deposited dollar stablecoins, warned a hacker it had “gathered critical IP and device information” after losing almost all the value locked in its wallets. The attacker drained $49.5 million from the Hong Kong-based neobank’s wallets, according to Peckshield. The company said only on Sunday it … Read more
To get the show every day, follow the podcast here. On “Markets Daily,” host Jennifer Sanasie is joined by CoinFund Managing Partner Seth Ginns to discuss another possible run to a bitcoin all-time high, government investments in spot bitcoin ETFs and where altcoins fit into the broader crypto rally. – Consensus is where experts convene to … Read more
DekaBank, a German investment bank with 377 billion euros ($395 billion) in assets under management, introduced cryptocurrency trading and custody services for institutional clients after almost two years of development. The Frankfurt-based company’s move follows regulatory approval for a crypto custody license from the Federal Financial Supervisory Authority (BaFin), while operating under the supervision of … 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 3106.99, down 0.8% (-25.47) since last Friday at 4 p.m. ET. 5 of 20 assets are trading higher. Leaders: HBAR (+7.8%) and NEAR (+2.1%). Laggards: SOL (-6.0%) and DOT … Read more
EDX Markets, which is backed by Fidelity Digital Assets, Charles Schwab and Citadel Securities, is adding 17 new cryptocurrencies to its platform, transforming its previously limited selection into a more robust trading platform as it gets ready to absorb growing institutional demand for crypto. “From the outset, we were designed and built for institutions for … Read more
Ethena, developer of the synthetic stablecoin USDe, has raised $100 million to finance a similar token targeted at traditional financial (TradFi) institutions, Bloomberg reported on Monday. The funding round was completed in December, with Franklin Templeton and Fidelity Investments-affiliated F-Prime Capital among the backers, the report added, citing a person familiar with the matter. Founder … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin and ether, the two largest digital assets by market value, remain largely within their recent trading ranges two days after the $1.5 billion hack of Bybit, one of the top cryptocurrency exchanges. Perpetual funding rates for both are positive, indicating a bias for long positions … Read more