Long-term Bitcoin holders could be selling their holdings to shift into exchange-traded funds (ETFs) and to diversify their crypto portfolios, says Dr. Martin Hiesboeck, the head of research at cloud-based financial service platform Uphold. “There are several reasons why OG crypto holders are selling,” Hiesboeck said on Sunday. “Number one is to buy them back … Read more
Crypto hardware wallet company Ledger is reportedly planning to go public with an initial public offering (IPO) in New York or, alternatively, raise funds through a private financing round next year, according to the Financial Times. Ledger’s CEO, Pascal Gauthier, disclosed this information to the Financial Times, adding that he is spending more time in … Read more
Shares in Bitcoin treasury companies could be nearing the end of a period of dampened price action after an investment firm said it closed its short position against Strategy, the largest corporate Bitcoin holding company. Kynikos Associates founder James Chanos said on Sunday that his investment firm unwound its short position on Michael Saylor’s Strategy … Read more
Trump Media and Technology Group’s Bitcoin holdings weren’t enough to prop up its balance sheet, as the company reported a $54.8 million loss in its third-quarter earnings, due to rising costs. The Trump-tied company, which operates the Truth Social social media platform, shared on Friday that its Q3 net loss widened from the $19.3 million … Read more
A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran. The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or … Read more
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. BTC and ETH rebounded overnight as traders bet the U.S. government … Read more
The crypto market could soon see some much-needed relief after the US Senate reached an agreement on a three-part budget deal to end the government shutdown, Politico reports. Pending legislation to fund the US government has more than enough support to pass the 60-vote threshold, Politico reported on Sunday, citing two people familiar with the … Read more
Gas fees on the Ethereum layer-1 blockchain dropped to just 0.067 Gwei on Sunday, amid a lull in the crypto markets sparked by October’s historic market crash. The average price for executing a swap on Ethereum is just $0.11, non-fungible token (NFT) sales carry a fee of $0.19, bridging a digital asset to another blockchain … Read more
Crypto whales and long-term holders are cashing out, exerting constant selling pressure on markets, and keeping crypto prices suppressed, similar to market dynamics following the 2000s dot-com stock market crash, according to analyst Jordi Visser. Visser said the current price action in the crypto market is reminiscent of the period following the 2000 dot-com stock … Read more
Spanish authorities said they arrested a man accused of leading a 260 million-euro ($300 million) alleged international investment scam that promised returns on everything from cryptocurrency to gold and luxury yachts. The suspect, identified as A.R. and known online as “CryptoSpain,” allegedly ran the Madeira Invest Club, which began operations in early 2023 and marketed … Read more