If it’s possible for a central bank to cut rates and still be hawkish, the U.S. Federal Reserve accomplished that this week. In his post-meeting press conference Wednesday, Fed Chairman Jerome Powell hit markets with an unexpected broadside, insisting that a December rate cut was far from a done deal. The reaction was swift, with … Read more
Brazil’s largest bitcoin treasury firm OranjeBTC has repurchased 99,600 of its own shares and announced it will delay additional BTC purchases. The move comes as it moves to bridge the gap between its market price and the net asset value (NAV) of its bitcoin holdings. The company spent 1.12 million reals (about $220,000) in the … Read more
Iran’s crypto mining industry is facing a widespread illegal mining crisis, with authorities estimating that over 95% of the country’s 427,000 active mining devices are operating without authorization. Akbar Hasan Beklou, CEO of the Tehran Province Electricity Distribution Company, said on Sunday that Iran has become the world’s fourth-largest crypto mining hub, fueled by the … Read more
Opinion by: Morgan Krupetsky, vice president of Onchain Finance at Ava Labs On the heels of the GENIUS Act’s passing, the next era of stablecoin usage is being driven by a growing cohort of fintechs and neobanks — integrating stablecoins into their product and service offerings, going where traditional systems have found it economically or … Read more
Romania’s National Office for Gambling (ONJN) has blacklisted leading prediction market Polymarket, calling it an unlicensed gambling platform operating outside state oversight. The decision follows what regulators described as a surge in crypto-based betting during Romania’s presidential and local elections, where Polymarket’s trading volume reportedly exceeded $600 million, according to a recent statement from the … Read more
Investment bank Macquarie upgraded Core Scientific (CORZ) to outperform from neutral and hiked its price target on the stock nearly 90% to $34 from $18 following the collapse of the CoreWeave (CRWV) deal. The failed merger between Core Scientific and CoreWeave came as no surprise after reports and proxy recommendations pointed to shareholder opposition, analysts … Read more
Coinbase’s (COIN) expectations-busting third-quarter earnings report drew a range of responses from Wall Street analysts, highlighting sharp differences in expectations for the crypto exchange’s long-term growth and ability to manage costs. The company posted $1.05 billion in transaction revenue and $801 million in adjusted Ebitda, both ahead of consensus estimates. Analysts across the board agreed … Read more
A widely used crypto market sentiment indicator has remained in uncertain territory despite improved clarity on trade relations between US and China, following US President Donald Trump’s announcement of a trade deal this week. However, some crypto analysts suggest the announcement could soon have a positive impact on the crypto market. The Crypto Fear & … Read more
FIL$1.6995 posted a 4.3% gain over the last 24 hours, amidst a rally in wider crypto markets, bouncing from yesterday’s big declines. The broader market gauge, the CoinDesk 20 index, was 2.5% higher at publication time. The decentralized storage token traded from a low of $1.40 to highs near $1.52, as traders tested critical support … Read more
Tether USDT$1.0002, the issuer of the world’s largest stablecoin, said on Friday its net profits surpassed $10 billion for this year as its flagship token swelled to a $174 billion market cap in the third quarter of 2025. According to the firm’s latest attestation signed by accounting firm BDO Italy, the company ended the quarter … Read more