More than half of traditional hedge funds now have exposure to digital assets, reflecting a steady institutional shift toward the cryptocurrency market despite recent volatility, according to a new survey. A survey released on Thursday by the Alternative Investment Management Association (AIMA) found that 55% of traditional hedge funds had exposure to digital assets as … Read more
In February, the cryptocurrency ecosystem stood on the precipice of calamity. Hackers stole $1.5 billion of Ether from crypto exchange Bybit, the largest theft the industry had ever seen. Fears of a contagion-driven market collapse were alleviated by an industry-wide effort to plug the gap at Bybit, and within hours, the exchange regained control of … Read more
Key takeaways: Bitcoin ETFs recorded $240 million in inflows on Thursday, ending a six-day outflow streak. Bitcoin’s failure to drop below the 50-day EMA suggests strong support in this area. Bitcoin (BTC) exchange-traded funds (ETFs) ended a six-day outflow streak with inflows returning on Thursday, leading traders to believe that a recovery is imminent as … Read more
Japan’s financial regulator, the Financial Services Agency (FSA), endorsed a project by the country’s largest financial institutions to jointly issue yen-backed stablecoins. In a Friday statement, the FSA announced the launch of its “Payment Innovation Project” as a response to progress in “the use of blockchain technology to enhance payments.” The initiative involves Mizuho Bank, … Read more
United States spot Bitcoin exchange-traded funds (ETFs) recorded a $239.9 million net inflow on Thursday, ending a six-day slump of outflows draining almost $1.4 billion from the market. According to data from Farside Investors, the reversal came after a turbulent week of profit-taking driven by macroeconomic uncertainty, which led to redemptions across the largest institutional … Read more
Opinion by: Christos A. Makridis, associate research professor at Arizona State University and visiting fellow at the Heritage Foundation Stablecoins received a real boost when US President Donald Trump signed the GENIUS Act earlier this year — and now European banks are trying to get into the act by issuing stablecoins of their own. Their … Read more
Wall Street giant Citi (C) said the sluggish start to the traditional Santa Claus rally may not yet derail the year-end equity rebound but points to bitcoin’s BTC$101,553.63 slump as a warning sign. Bitcoin’s trading behavior has historically mirrored the Nasdaq 100’s fortunes: when the cryptocurrency sits above its 55-day moving average, returns on the … Read more
Stream Finance’s recent disclosure of a default and $93 million loss, combined with October’s $20 billion crypto crash, has left digital-asset lenders scrambling to unwind risk while keeping credit lines robust, according to a new note from Flowdesk. Flowdesk says leverage is getting reduced as traders reassess counterparties, but credit hasn’t frozen. Borrowing demand for … Read more
Bitcoin hovered around $102,000 on Friday as crypto markets struggled to sustain a rebound, weighed down by renewed caution in global equities and a stronger dollar. The total crypto market capitalization edged up 1% in the past 24 hours to $3.4 trillion, its first gain after four straight days of decline, though traders remain wary … 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 3268.04, down 1.6% (-53.31) since 4 p.m. ET on Wednesday.Three of 20 assets are trading higher. Leaders: ICP (+27.5%) and NEAR (+3.3%). Laggards: HBAR (-3.6%) and UNI (-2.9%). The … Read more