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 3298.82, up 2.9% (+92.48) since yesterday’s close. Nineteen of 20 assets are trading higher. Leaders: XRP (+9.4%) and XLM (+6.1%). Laggards: APT (+0.0%) and ADA (+0.3%). The CoinDesk 20 … Read more
The Securities and Exchanges Commission (SEC) has set itself a deadline for a decision on whether it will allow an exchange-traded fund (ETF) tracking the price of XRP (XRP). The SEC acknowledged a 19b-4 filing by the New York Stock Exchange (NYSE) and asset manager Grayscale, which is the first time it has responded to … Read more
Tether, the cryptocurrency firm behind the $140 billion USDT stablecoin, said on Friday it has invested in Italian football club Juventus FC. The firm’s investment arm, Tether Investments, acquired a minority stake in the sports club, according to a press release shared with CoinDesk. Juventus FC shares, which are publicly traded on the Italian stock … Read more
Gaorong Ventures, a prominent Chinese venture capital firm known for its early backing of internet giants in the country, has invested $30 million into the operator of Hong Kong’s largest licensed crypto exchange, HashKey Group, according to a Bloomberg report. The backing came at a pre-money valuation of over $1 billion, according to the report. … Read more
By James Van Straten (All times ET unless indicated otherwise) Bitcoin (BTC) continues to climb the wall of worry, pushing above $97,000 despite hotter-than-expected U.S. consumer and producer price inflation reports in the past couple of days. That’s a surprise. With prices rising and the likelihood of a Fed rate cut receding, you’d expect risky … Read more
Short-term bitcoin (BTC) holders (STHs) have added 1.5 million bitcoin (BTC) since September taking the total to over 4 million bitcoin, according to Glassnode. This equates to an average accumulation of approximately 300,000 BTC per month. During this period, bitcoin surged from $60,000 to $109,000 before pulling back below $100,000. Glassnode defines STHs as those … Read more
Alternative cryptocurrencies, or altcoins, made waves Friday as XRP and dogecoin (DOGE) drew strength from spot ETF optimism and Solana-based decentralized exchange Jupiter’s JUP token cheered the platform’s buyback program. The U.S. Securities and Exchange Commission (SEC) has acknowledged Grasycale’s applications for XRP and dogecoin (DOGE) spot ETFs, Fed. 13 updates by the market regulator … Read more
Coinbase (COIN) finished 2024 with very strong business momentum as sentiment about the wider digital asset industry improved, broker JMP said in a research report on Thursday after the crypto exchange’s fourth quarter results. JMP raised its Coinbase price target to $475 from $400 and reiterated its market outperform rating. The shares dropped 1.3% to … Read more
Remixpoint (3825), a Japanese energy consulting firm that decided build up cryptocurrency reserves, boosted its holdings by more than 8,000% in the nine months ended Dec. 31 and is now close to having spent its target of 10 billion yen ($65 million). The Tokyo-based company held 5.8 billion yen ($38 million) of crypto at year-end, … Read more
Historical trends tied to a key indicator suggest that bitcoin (BTC) has plenty of upside left as renewed inflation in the U.S. threatens to challenge the current uptrend. The 200-week simple moving average (SMA) of bitcoin’s price, which smooths out short-term market fluctuations to provide a clearer picture of the overall trend, stood at $44,200 … Read more