Figure Technologies, a blockchain-focused lending platform founded by SoFi co-founder Mike Cagney, has priced its initial public offering at $25 per share, which would raise $787.5 million. Shares of the company’s Class A stock is scheduled to begin trading on the Nasdaq under the ticker symbol “FIGR” later today, September 11, according to a press […]
The Scroll decentralized autonomous organization (DAO) is set to “pause” its governance process after leadership resignations and confusion over live proposals, key DAO members discussed during on a Wednesday delegate call. A DAO operates according to blockchain rules rather than a centralized authority. The rules are coded into smart contracts, and members typically hold tokens […]
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Major cryptocurrencies are looking bullish, with market leader bitcoin (BTC) exhibiting a classic inverse head-and-shoulders breakout that could propel it toward $120,000. But there’s a catch. The daily chart for the S&P 500 E-Mini futures is displaying a bearish pattern, indicating […]
South Korea’s benchmark equity index, the Kospi, has reached a record high of 4,340 points, driven by prospects of shareholder-friendly policies and positive global market sentiment. The new high has prompted one analyst to urge caution among bitcoin (BTC) bulls, suggesting that the surging Kospi could mark the end of the BTC bull run, consistent […]
Bitcoin (BTC) traded around $114,200 in Asian morning hours Thursday, up 2.4% over 24 hours, as majors firmed into a heavy macro week. Ether (ETH) was up 2.4% to $4,400, XRP (XRP) rose above $3, BNB Chain’s BNB (BNB)neared $900 and Solana’s SOL (SOL) gained nearly 3%. Dogecoin (DOGE) outperformed with a 5% daily gain […]
Asset prices reflected a buoyant mood on Wednesday, with bitcoin reclaiming $112,000 and European stocks rising at the open, as analysts increasingly downplayed fears of stagflation and recession triggered by horrible U.S. jobs data. On Tuesday, the U.S. Bureau of Labor Statistics published a shocking update: The economy likely added 911,000 fewer jobs than originally reported […]
Cryptocurrency exchange Kraken has expanded its xStocks offering to millions of clients across the European Union, providing on-chain access to U.S. equities to investors in the region. The expansion enables eligible European investors to trade tokenized versions of popular U.S. stocks and exchange-traded funds (ETFs) directly through the Kraken app. “Expanding xStocks to the European Union was […]
A leading trader on decentralized betting platform Polymarket, who goes by the name JustWakingUp, is wagering that the Federal Reserve (Fed) will cut interest rates by 50 basis points (bps) next week. According to X handle Polymarket Whales, JustWakingUp is the platform’s most prolific trader, boasting nearly $400 million in total trading volume to date […]
XRP struggled to maintain momentum above the $3.00 threshold on September 9–10, with heavy institutional selling wiping out early gains. Despite a push to $3.035, volume-driven liquidation erased upside attempts and pulled the asset back to $2.94 by session close. The move is indicative of mounting resistance near $3.02, even as traders weigh ETF catalysts […]
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. BTC is pinned near $111,000 with volatility compressed to multi-month lows, […]
Ripple is expanding its banking partnerships in Europe through a new agreement with BBVA in Spain. The deal will see BBVA integrate Ripple’s digital asset custody technology into its recently launched retail service for trading and holding bitcoin and ether. The move comes as European banks adapt to the Market in Crypto Assets (MiCA) regulation, […]
U.S. money market funds currently hold over $7 trillion, which some analysts believe could soon be rotated into various asset classes, including cryptocurrencies, potentially fueling the next leg higher in bitcoin (BTC) and the alternative cryptocurrencies (altcoins). A money market fund is a type of mutual fund that invests in high-quality, short-term debt instruments, such […]