Prosecutors in the Samourai Wallet case have denied accusations that they suppressed critical evidence in their criminal case against the crypto mixing service’s two co-founders, Keonne Rodriguez and William Lonergan Hill. In a letter to the court filed Friday, prosecutors urged Judge Richard Berman of the Southern District of New York (SDNY) to deny Rodriguez […]
News from Web3, Bitcoin and crypto crurrency launches and market updates
Wall Street analysts passed mixed judgement on Coinbase (COIN) after its first-quarter earnings miss and a $2.9 billion acquisition, with some downgrading near-term forecasts and others pointing to long-term strategic wins. “Q1 results came in a bit below expectations, and forward-looking guidance for [subscription and service] revenues and April [transaction] volumes were impacted by softer […]
Bitcoin (BTC) is poised to hit a new record high, with investment flows now the dominant market driver, according to Standard Chartered (STAN). U.S. spot bitcoin exchange-traded funds (ETFs) have seen $5.3 billion in inflows over the past three weeks, the investment bank said in emailed comments Thursday. Adjusting for hedge fund basis trades, net […]
Bitcoin is back in six figures, continuing yet another of its famous zigs when most were expecting a zag. To review, the world’s largest crypto first pushed through $100,000 in December as it rallied hard following Donald Trump’s November election victory. The price eventually rose above $109,000 in the hours prior to the Trump inauguration […]
The Senate’s Republican majority leader, John Thune, took to the chamber floor on Thursday morning to make a case for moving forward with stablecoin legislation — marking his first significant foray into the topic of crypto as Republicans grow frustrated with keeping what was once a bipartisan effort on track. “Stablecoins should be made in […]
Thank you to our sponsor of this week’s newsletter, Grayscale. For financial advisors near Chicago, Grayscale is hosting an exclusive event, Crypto Connect, on Thursday, May 22. Learn more. In today’s Crypto for Advisors, Tedd Strazimiri from Evolve ETFs writes about the evolution of tokenization and the value it brings to investors. Then, Peter Gaffney […]
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Traders looking for tokens that may see accelerated gains as bitcoin (BTC) rallies might want to focus on ether (ETH) and the ratio between bitcoin cash (BCH) and bitcoin. Both have broken prolonged downtrends alongside bullish bottom formations in leading […]
Shares of tech company Asset Entities (ASST) rose 194% on Wednesday after it announced that Strive Asset Management was merging with the NASDAQ-listed company to become a publicly traded Bitcoin (BTC) Treasury Company. The deal, structured as a reverse merger, will leave the combined company operating under the Strive name and listed on the NASDAQ. […]
As was widely expected, the U.S. Federal Reserve held its benchmark fed funds rate range steady on Wednesday at 4.25%-4.50%, extending its pause on monetary easing for the third consecutive meeting. “Uncertainty about the economic outlook has increased further,” said the Fed in its accompanying statement. “The Committee is attentive to the risks to both […]
Coinbase (COIN) is heading into its first-quarter earnings report on shaky ground, with four Wall Street analysts expecting a miss as the retail trading lull is likely to pressure the crypto exchange’s most profitable business lines. The company is scheduled to report first-quarter results on Thursday post-market. The analysts are projecting earnings per share (EPS) […]
The New York State Attorney General asked the U.S. Securities and Exchange Commission to openly declare Ethereum’s ether (ETH) was a security, not a commodity, during the state’s prosecution of KuCoin in 2023, according to a document revealed by Coinbase Inc. in a trove of agency communications released on Wednesday. Shamiso Maswoswe, chief of the […]
Jack Mallers’ bitcoin (BTC) payments app Strike is set to move into the BTC lending business. Strike plans to offer users a means of borrowing fiat while continuing to HODL bitcoin, Mallers wrote in a post on X on Wednesday. “You shouldn’t have to sell the best-performing asset in human history to access cash. Now […]