Risks of liquidation or collapse are real but far more nuanced than during past crypto crises, according to Presto Research.
U.S. spot Bitcoin ETFs' recent net inflow streak has extended to eight days, totaling $2.4 billion, despite relatively subdued price action.
The initial tranche of $10.6 million in subscriptions is expected to close within 48 hours following its Wednesday announcement.
The move furthers the long-standing collaboration between Securitize and Ethena Labs, after the two jointly launched the network Converge in March.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Meanwhile, K33 launched a new share issuance plan to raise funds toward its 1,000 BTC treasury accumulation target.
Investors are starting to question the default status of the fiat money system, according to Bitwise CIO Matt Hougan.
Cathie Wood's Ark Invest sold additional $44.76 million worth of Circle shares across three of its ETFs on Tuesday.
JPMD, to be launched on Base, is a "permissioned" deposit token that will digitally represent commercial bank holdings.
Despite the positive ETF flows, analysts remain cautious amid the latest price dip as geopolitical tensions continue.
The European bitcoin treasury company said it intends to raise €7.2 million ($8.3 million) by issuing new shares.
Ark Invest offloaded Circle shares as its stock closed up 13.1% at a record $151.06 on Monday, nearly five times its IPO price of $31.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin-based funds rebounded with $1.3 billion in net inflows, while Ethereum products continued their strongest run since February.
The company also announced the issuance of zero-interest bonds worth $210 million to fund its Bitcoin purchases.
Meanwhile, U.S. regulatory momentum is building, with stablecoin legislation advancing and a market structure bill in the works.
Anthony Pompliano is expected to lead a public company seeking to raise $750 million for Bitcoin purchases, the Financial Times reported.
A DTCC blog noted the "increasing use cases for stablecoins" including "corporate cross-border treasury management and payment systems."
Stripe said the ability for merchants to accept USDC will be available to Shopify merchants in 34 countries.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Circle's institutional stablecoin creation platform Circle Mint and developer-focused Circle API now support USDC on the XRPL, bolstering USDC's liquidity on the network.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
These strategies distort liquidity and sentiment, posing long-term risks to bitcoin's stability and adoption, the digital asset bank said.
With macro jitters rising ahead of today's CPI data, that caution might be the setup for the next breakout, according to K33.
Circle's IPO highlights the value of holding both crypto assets and crypto-related equities, according to Bitwise CIO Matt Hougan.
The crypto exchange that owns CoinDesk has filed an initial public offering in the U.S., the Financial Times reported.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BlackRock's IBIT product dominates spot Bitcoin exchange-traded funds by trading volume, with a current 79% market share.
The financial services firm said it plans to raise up to $100 million to invest in AI and crypto assets like Bitcoin, Ethereum, and Solana.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.