Drake’s latest track, “What Did I Miss,” features lyrics about betrayal, luxury, and bitcoin. The rapper compares fickle friends to the cryptocurrency’s rollercoaster price moves, saying he looked at it “like a BTC”: “Could be down this week, then I’m up next week.” It’s not the first time bitcoin has appeared in Drake’s orbit. In […]
Dogecoin stabilized Saturday after a steep intraday decline, bouncing off a low of 16.1 cents and closing near 16.3 cents. The 5% drop came amid broader market volatility driven by macroeconomic concerns and shifting investor sentiment. Despite the downturn, DOGE showed signs of strength, with volume at support levels well above average, suggesting possible accumulation […]
XRP showed signs of consolidation over the past 24 hours as the cryptocurrency pulled back slightly from recent highs, shedding 1.07% amid ongoing global economic uncertainty. Despite the dip, price action remains constructive with higher lows forming above $2.20 — a level that has emerged as key short-term support. While macro headwinds continue to pressure […]
More than $8 billion worth of bitcoin mined during the network’s earliest days — colloquially known as the “Satoshi era” — were moved Friday in the largest such transfer on record. Two wallets that had remained dormant for over 14 years each transferred 10,000 BTC to new addresses around early Friday, as CoinDesk reported. The […]
AI-focused NEAR token slumped by 5% on Friday despite the launch of Bitwise’s NEAR exchange-traded product (ETP). The sell-off comes during a muted day for cryptocurrencies with bitcoin also falling back from its test of a new record high. The launch of Bitwise’s NEAR Staking ETP marks a significant milestone for institutional adoption of the […]
The Bank of Canada took a significant step in exploring the technical feasibility of a digital Canadian dollar, proposing a specific system designed for a retail central bank digital currency (CBDC) focused on simple, everyday payments, according to a new research paper. The central bank’s research team examined OpenCBDC 2PC, a model developed in collaboration […]
Nasdaq-listed crypto exchange Coinbase’s Layer 2 scaling solution, Base, has gone from being the leader in 2024 in terms of capital inflows through cross-chain bridges to the top loser this year. Data from the Artemis Terminal shows Base has seen a net outflow of $4.3 billion this year, a stark contrast to the net inflow […]
According to Glassnode, long-term holders (LTHs) are defined as investors who have held bitcoin (BTC) for at least 155 days. CoinDesk Research indicates that one reason bitcoin has ye to reach new all-time highs has been selling pressure from these long-term holders. However, zooming out, Glassnode data shows that the percentage of bitcoin’s circulating supply […]
The frog-themed memecoin PEPE (PEP) slid nearly 6% over the 24 hours, as Trump’s reciprocal tariffs deadline sent ripples through the cryptocurrency market and exposed the token’s volatility. PEPE’s price swung across a 16.5% trading range, underscoring how fast sentiment can flip in a market increasingly sensitive to geopolitical and macroeconomic signals when trading volumes […]
Nano Labs (NA), a Nasdaq-listed chipmaker, snapped up about $50 million worth of Binance’s BNB (BNB) token as it works toward a goal of owning as much as 10% of the total supply. The Hong Kong-based company said it bought 74,315 BNB in an over-the-counter deal at an average price near $672.45, lifting its total […]
China’s JD.com and Ant Group are pressing the central bank to permit yuan-based stablecoins to counter the rise of U.S. dollar-linked digital currencies, Reuters reported on Friday. They propose launching stablecoins in Hong Kong backed by the offshore yuan, aiming to boost the Chinese currency’s global role. Both firms already plan to issue Hong Kong […]
Crypto Daybook Americas will not be published on Friday owing to the July 4 holiday. It will return on Monday. Wishing our U.S. readers a happy Independence Day. By James Van Straten (All times ET unless indicated otherwise) Bitcoin BTC hit $110,000 for the first time since June 11 and is now within striking distance […]