Farside data shows that bitcoin U.S. exchange-traded funds (ETFs) recorded their largest inflow since Sept. 10, with $675.8 million. BlackRock’s iShares Bitcoin Trust (IBIT) captured the majority, taking in $405.5 million, it’s biggest inflow since Aug. 14 and pushing its total net inflows to $61.376 billion. The surge coincided with bitcoin climbing over $119,000, a […]
Thailand’s market regulator says the country is working on expanding its exchange-traded funds (ETFs) plans beyond bitcoin (BTC), Bloomberg reported on Thursday. The country’s Securities and Exchange Commission (SEC) will allow local mutual funds and institutions to issue such funds under rules, SEC secretary-general Pornanong Budsaratragoon said, according to the report, citing an interview on […]
Spanish bank BBVA has partnered with Singapore’s SGX FX to allow retail customers to trade digital assets directly through its platforms. The integration, marking a first for the European market, the companies said on Thursday, will initially support bitcoin and ether, offering 24/7 trading with the same framework BBVA uses for foreign exchange. SGX has […]
Bitcoin’s mining difficulty climbed 5% to a record 150.84 trillion on Wednesday, marking the seventh straight upward adjustment, according to Glassnode. Difficulty, which resets every 2016 blocks (approximately every two weeks), measures how challenging it is for miners to find new blocks and maintains the average block time at around 10 minutes. The increase reflects […]
A U.S. government shutdown and fresh stress in Japan’s bond market failed to derail digital assets this week, as traders positioned for looser global liquidity conditions. With Friday’s U.S. payrolls report potentially delayed and Japanese yields climbing to their highest levels since 2008, crypto markets are showing signs of decoupling from broader macro caution. The […]
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) moved higher amid the U.S. government shutdown and its up roughly 3% in the last 24 hours to $116,400. The broader crypto market, as measured by the CoinDesk 20 index (CD20) rose 3.5%. Equities markets excluding the U.S. also moved higher, even as traders […]
Bitwise chief investment officer Matt Hougan said crypto’s critics often miss the scale of what’s at stake, in a report published Monday. Bitcoin (BTC), with a $2.3 trillion market value, is often compared to Amazon (AMZN), Hougan noted. But while Amazon’s worth comes from the fact that it’s used by millions every day, bitcoin’s value […]
SINGAPORE — By the time Token2049 reconvenes next year, today’s headline‑grabbing decentralized exchanges like Hyperliquid and Aster may no longer dominate, BitMEX CEO Stephan Lutz told CoinDesk in an interview, warning that their incentive‑heavy business models are too fragile to endure. Recently, a competitive battle has erupted in the perpetual decentralized exchange (perp DEX) sector, […]
The much-anticipated “Uptober” has arrived, and the momentum is already building on the very first day of the month. Bitcoin has broken through the $116,000 mark, climbing 2% in the past 24 hours and briefly reaching as high as $116,600. The rally is unfolding against a backdrop of a U.S. government shutdown and record-setting strength […]
CoinShares, the European digital asset manager with roughly $10 billion under management, said Wednesday it will acquire Financial Conduct Authority-regulated Bastion Asset Management. The financial details of the deal, which is subject to UK regulatory approval, were not disclosed in press materials. The move is intended to deepen CoinShares’ capabilities in actively managed crypto strategies […]
Chainlink said it developed a technical process allowing banks to interact with tokenized investment funds through Swift, the interbank messaging system that underpins much of traditional finance. In a pilot with UBS, Chainlink’s Runtime Environment (CRE) processed subscriptions and redemptions for a tokenized fund using ISO 20022 messages, the international standard for financial messaging used […]
Deutsche Börse Group (DB1) signed a memorandum of understanding with Circle Internet Group (CRCL) to bring regulated stablecoins into Europe’s financial market infrastructure. The agreement aims to integrate Circle’s euro- and dollar-pegged tokens, EURC and USDC, into trading, settlement and custody services across the exchange operator’s platforms, the firms said in a statement on Tuesday. […]