Coinbase, the world’s second-largest cryptocurrency exchange, could significantly boost the adoption of Bitcoin-native decentralized finance (DeFi). The exchange has recently teased the development of a new Wrapped Bitcoin (BTC), called Coinbase BTC (cbBTC), creating widespread excitement among crypto investors. The new token could significantly bolster the adoption of Bitcoin-native DeFi, according to Rena Shah, the chief […]
Several days of mostly quiet price action came to a fast end during U.S. trading hours Thursday afternoon, with cryptocurrencies suddenly plunging and sending bitcoin (BTC) to its weakest level since just after the early August market panic. At press time, bitcoin was changing hands at $57,700, down nearly 3% from its price just about […]
The equity market has been on a tear and what is more remarkable is its strong rebound from the mayhem seen on Aug. 5. Former White House Communications Director Anthony Scaramucci on Thursday commented about the strong comeback by the market, delving into the potential reasons thereof. What Happened: The Nasdaq Composite and the S&P 500 […]
Eric Schmidt, who led Google for a decade, told Stanford students that, while he’s not one to give investment advice, he sees an obvious play in the stock market that doesn’t involve buying shares of his former employer. Schmidt said, in a video that was posted by Stanford this week and subsequently removed, that big technology companies […]
The latest inflation data was roughly in line with expectations, showing price increases continue to cool on an annual basis as investors debate when and how deeply the Federal Reserve should cut interest rates. And while inflation was the reason the Federal Reserve began hiking interest rates, the central bank’s other mandate, maximum employment, is […]
BEIJING — China’s latest efforts to stem a bond market rally reveals wider worries among authorities about financial stability, analysts said. Slow economic growth and tight capital controls have concentrated domestic funds in China’s government bond market, one of the largest in the world. Bloomberg reported Monday, citing sources, that regulators told commercial banks in […]
Ten thousand bitcoin, worth nearly $600 million, has been transferred to a Coinbase Prime wallet, according to Arkham Intelligence data. A wallet that “received 10,000 from a known U.S. government wallet 2 weeks ago … has just been sent on to … a Coinbase Prime deposit wallet,” Arkham said in a post to X. Roughly two weeks ago, a […]
The United States Federal Reserve may not be cutting interest rates to the degree that market participants appear to be anticipating, according to a portfolio manager. Yet, the broader crypto industry remains hopeful of the looming rate cut in September. “The market pricing in 100 basis points of cuts by the end of the year […]
Asia-Pacific markets were mostly higher on Monday after a roller-coaster week that saw steep sell-offs followed by a sharp recovery, especially in Japan stocks. Futures for benchmark U.S. indexes were lower as investors awaited key inflation data due later this week. Major Wall Street averages rose Friday, with the indexes making a sharp recovery from […]
A sense of calm has returned to Wall Street. But it hasn’t been easy. To recap for those whipsawed by the fast and furious action: Rising recession risks and the rapid unwinding of yen carry trades sent stocks into a tailspin on Monday. Fast forward to Friday, and the S&P 500 (^GSPC) finished the week […]
The crypto world is experiencing unprecedented excitement, and the United States is positioning itself as the main driver of this new wave of adoption. Bitcoin, in particular, is attracting the attention of American investors, signaling glorious days ahead for the crypto queen. America, the Promised Land of Bitcoin The Coinbase premium index shows a strong […]
Bitcoin recovered sharply from the intra-week lows of below $50,000, signaling aggressive buying at lower levels. Although this is a bullish sign, veteran trader Peter Brandt believes the selling is not done yet. Brandt said in a X post that there is a 50% possibility of Bitcoin falling below $40,000. However, the Bitcoin bull-bear market […]
