Why the $172B Stablecoin Market Could Send Crypto Prices Higher
The stablecoin market isn’t unlike Berkshire Hathaway’s enormous cash stash – it’s sitting there ready to be deployed, according to CoinMarketCap’s Alice Liu.
Financial
Market
Financial
Ripple Names Exchange Partners for Stablecoin RLUSD, Awaits NYDFS Approval
Ripple’s upcoming stablecoin will leverage its established position for payments and be a key bridge for real-world asset tokenization, Ripple Labs President Monica Long told CoinDesk in an interview.
Financial
Liquidity and Options Pave the Way for Bitcoin ETF Market Expansion
As liquidity grows, institutional investors and options strategies could fuel the long-term expansion of the bitcoin ETF market.
Financial
Bitcoin Bounces 7% Above $63K as Crypto Traders Eye China Stimulus Statement
Solana’s SOL, Avalanche’s AVAX and Render’s RNDR led the crypto rally as almost all but one member of the CoinDesk 20 Index posted gains.
Financial
Arkham’s Token Soars 16% on Report Sam Altman-Backed Crypto Firm Plans Derivatives Exchange
The company also relocated to the Dominican Republic, Arkham CEO Miguel Morel confirmed to CoinDesk.
Financial
Bitcoin on Track for Record Sideways Action, With Eyes on November Elections as Bullish Catalyst
Bitcoin’s boring price action, characterized by continued accumulation by small investors, is being attributed to several reasons. including the U.S. election uncertainty and renewed uptick in the U.S. Treasury yields.
Financial
Bitcoin, Ether Nurse Losses as Dollar Strengthens Ahead of U.S. Inflation Report
A hotter-than-expected inflation report would weaken the case for Fed interest-rate cuts.
Financial
Uptrend in Bitcoin’s Dominance Rate Threatened by Fed Rate Cut Cycle, Crypto Asset Manager Says
Per SwissOne Capital, the BTC dominance rate and the U.S. interest are positively correlated.
Financial
Bitcoin Dips Below $61K, Ether Slips 3% as Some PlusToken China Ponzi-Related Coins Moved to Exchanges
One observer noted 7,000 PlusToken-related ETH transferred to crypto exchanges on Wednesday, raising concerns about potential selling pressure.
Financial
First Mover Americas: Crypto Market Muted After HBO Satoshi Reveal Falls Flat
The latest price moves in crypto markets in context for Oct. 9, 2024.