Arthur Hayes’ Maelstrom Hedges U.S. Election Uncertainty With Staked USDe; Holds Large BTC, ETH Bullish Bets
“Given the uncertainty, Maelstrom has 5% of the fund in staked USDe (Ethena USD), earning roughly 13%,” Hayes told CoinDesk.
Financial
Bitcoin
Financial
From Smuggling Gold Out of Africa to Bridging Bitcoin and Cardano
A longtime regular on the crypto scene, Sovryn and BitcoinOS founder Edan Yago learned the importance of financial sovereignty at an early age.
Financial
The Popular $100K Year-End Goal for Bitcoin Has Less Than 10% Probability in Options Market
Both retail and sophisticated investors expect bitcoin to trade at least above $100,000 by the end of the year.
Financial
Bitcoin Liquidity Could Flow to Cardano Ecosystem With New BTC Bridge
EMURGO, a founding entity of Cardano, will be among ecosystem buildings developing tools and services to attract the BTC capital.
Financial
Bitcoin Climbs 3% to Retake $68K With Solana Outperforming, Ether Showing Relative Weakness
Bitcoin Cash and Uniswap led CoinDesk 20 gains, each rising more than 5%.
Financial
Crypto for Advisors: Bitcoin on The Balance Sheet
Historically, only crypto-native companies held bitcoin on their balance sheets. However, a significant structural shift has occurred over the past four years. Public and private companies are now embracing bitcoin, motivated by economic, geopolitical, and regulatory factors.
Financial
Bitcoin Project BOB Maps Out How the Original Blockchain Could Take Over DeFi
The goal is to create trust-minimized bridges between itself and other layer-1 blockchains, according to the abstract of a new “vision paper” shared with CoinDesk.
Gold Rally Needs to Pause for Bitcoin Price to Break All-Time High, Data Suggests
In the past seven days, over 1 million ounces have gone into gold ETFs, the biggest inflow since October 2022.
Financial
Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains
Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.
Financial
Number of Bitcoin Whales Jumps to Highest Since January 2021
Whale Entities are clusters of crypto wallet addresses held by a single network participant holding least 1,000 BTC.