Finance - BE UPDATED

Correlation Starting to Emerge Between BTC and the S&P 500

By admin January 7, 2025FinanceNo Comments

Since the November 5 election of Donald Trump to the U.S. presidency, bitcoin (BTC) is up around 47%, sharply outperforming the S&P 500's 4% advance.The incoming president, of course, has…

Bitcoin (BTC) Price Dips Below $98K as Strong U.S. Economic Data Leads to $300M Bullish Crypto Liquidations

By admin January 7, 2025FinanceNo Comments

Crypto markets stumbled with bitcoin (BTC) losing the $100,000 level on Tuesday U.S. morning as two stronger-than-expected U.S. economic data prints threw cold water on digital assets' bright early-year momentum.The…

Why Ether Could Outperform Bitcoin in 2025

By admin January 7, 2025FinanceNo Comments

Ether spent most of 2024 trailing behind its cryptocurrency peers but has now firmly joined the rally sparked by bitcoin’s record-breaking climb, crossing the $4,000 mark in December but well…

POL and LINK Each Fall 3.1% as Index Declines

By admin January 7, 2025FinanceNo Comments

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 3701.1, down 1.1% (-39.29) since…

FTX EU Sold to Backpack Exchange, Plans Regulated Crypto Derivatives Push Across Europe

By admin January 7, 2025FinanceNo Comments

FTX EU, the European arm of Sam Bankman Fried’s now-bankrupt cryptocurrency trading empire, has been sold to Backpack Exchange, a crypto trading company founded by former Alameda Research and FTX…

Bitcoin Miner MARA Holdings Is Lending 7,377 BTC to Help Offset Costs

By admin January 7, 2025FinanceNo Comments

MARA Holdings (MARA), the largest bitcoin (BTC) miner by market capitalization, said it is lending 7,377 BTC to third parties to generate a return on its holdings and cover some…

Polymarket Bettors Believe Justin Trudeau Will Resign as Canada’s Prime Minister by Friday

By admin January 7, 2025FinanceNo Comments

Will he stay, or will he go? For Canadian Prime Minister Justin Trudeau, the latter appears imminent. Now bettors on Polymarket are debating on when exactly he'll announce his resignation.While…

The Overture to 2025 Strikes a Familiar Chord

By admin January 7, 2025FinanceNo Comments

By Omkar Godbole (All times ET unless indicated otherwise)The overture to 2025 has a familiar tune. It's not just the numbers: Bitcoin's 8% recovery from late December, but the news…

Dutch Regulator AFM Awards EU MiCA License to 4 Companies

By admin January 7, 2025FinanceNo Comments

Four digital assets companies have just secured Markets in Crypto Assets (MiCA) licenses in the Netherlands, letting them operate across the entire 27-nation European Union.Crypto platform MoonPay, digital asset management…

2025 Will Be the Year Crypto Goes Mainstream

By admin January 7, 2025FinanceNo Comments

Yat Siu has seen a lot in his decade of investing in crypto as a venture capitalist.The Hong Kong-based venture studio and game developer Siu co-founded, Animoca Brands, has grown…