Analysts told CoinDesk early this week that major cryptocurrencies led by bitcoin would resume their slow grind higher following Wednesday’s Fed rate cut. That’s exactly what has happened since the Fed cut rates by 25 basis points to 4% late Wednesday. The central bank also hinted rapid easing in the next 12 months. Bitcoin (BTC), […]
DBS, Franklin Templeton, and Ripple have signed a Memorandum of Understanding (MOU) to collaborate on offering trading and lending solutions that leverage tokenized money market funds on the XRP Ledger blockchain and Ripple’s stablecoin, Ripple USD (RLUSD). The MoU will see Franklin Templeton tokenize its money market fund, Franklin on-chain U.S. dollar short-term money market […]
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Robinhood got all kinds of attention earlier this year when it […]
Crypto custody provider BitGo said it secured approval from Germany’s financial regulator, BaFin, to expand into regulated crypto trading. The license extension allows Frankfurt-based BitGo Europe to offer both over-the-counter trading and an electronic trading platform for thousands of digital assets and stablecoins, the firm said in a Wednesday press release. Earlier this year, BitGo […]
The U.K.’s Financial Conduct Authority (FCA) has plans to waive some of its rules for cryptocurrency companies, according to a Financial Times (FT) report on Wednesday. However, in another areas the FCA intends to tighten the rules where they pertain to industry-specific risks, such as cyber attacks. The financial watchdog wishes to adapt its existing […]
Crypto custodian Hex Trust has integrated custody and staking support for stETH, the liquid staking token issued by Lido that represents nearly a quarter of all staked ether. The move allows institutional clients to stake ETH and manage stETH directly from Hex Trust’s custody platform, combining staking rewards with secure, regulated infrastructure. Institutional investors often […]
21Shares is launching two new crypto exchange-traded products (ETPs), bringing its total offerings in Europe to 50 ETPs. The new listings include the 21Shares Artificial Superintelligence Alliance ETP (AFET), which tracks a group of decentralized AI protocols, including Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS, and the 21Shares Raydium ETP (ARAY). ARAY offers exposure to Solana-based […]
While much of the attention from the crypto and traditional markets remains on the U.S., a recent analysis by a leading economist suggests it’s time to look east. Japan is teetering on the edge of a debt crisis, but a potential recession in the U.S. could provide the land of the rising sun a temporary […]
While much of the attention from the crypto and traditional markets remains on the U.S., a recent analysis by a leading economist suggests it’s time to look east. Japan is teetering on the edge of a debt crisis, but a potential recession in the U.S. could provide the land of the rising sun a temporary […]
Contrary to claims from the U.S. banking industry, stablecoins do not pose a risk to the financial system, according to the chief policy officer at crypto exchange Coinbase (COIN), Faryar Shirzad. Banks’ claims that they do are are myths crafted to defend their revenues, he wrote in a Tueday blog post. “The central claim — […]
Crypto Finance, a subsidiary of Deutsche Börse Group, unveiled AnchorNote, a system designed for institutional clients who want to trade digital assets without moving them out of regulated custody. The system integrates BridgePort, a network of crypto exchanges and custodians, enabling off-exchange settlement and connectivity to multiple trading venues. By keeping assets in custody while […]
It’s a risk-on environment, with stocks leading major cryptocurrencies higher, but Wall Street’s fear gauge, the VIX, is stirring up some nerves. On Monday, Wall Street’s benchmark index, the S&P 500, set a record high for the fourth consecutive trading day, reaching 6,519 points. The tech-heavy Nasdaq index also hit lifetime highs, and the Dow […]