“Gold is a much more mature asset, with a 5,000 year history as a store of value, so there’s not much room left for incremental network effects. BTC, on the other hand,Read More…
In a published note, Lynn Song, Chief Economist for Greater China at ING, wrote that today’s policy package is expected to weaken the yuan slightly, with the USD-CNY exchange rate rising inRead More…
Total3, an index that tracks the market capitalization of the top 125 cryptocurrencies, excluding bitcoin and ether (ETH), was trading 5.68% higher since the central bank’s announcement that it would slash theRead More…
BTC briefly fell to $55,500, its lowest since August 8, to reverse nearly all gains in the past month. The broader market tracked by CoinDesk 20 (CD20), a liquid index tracking theRead More…
On Wednesday local time, Durov was indicted in a French court on charges related to enabling illicit transactions and child exploitation on the platform, failing to cooperate with police and providing encryptionRead More…
Already higher by about 3% on the Fed news, bitcoin (BTC) rose further following the Kennedy announcement, trading at $63,800 at press time, or up 5.6% over the past 24 hours. TheRead More…
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Bitcoin “permanent holder addresses” have accumulated nearly $23 billion of the asset over the past month, according to on-chain data. In a post on X on Aug. 7, CryptoQuant founder and CEORead More…
In addition to the Bank of Japan’s somewhat unexpected hawkishness last week, the U.S. Federal Reserve also surprised a few – not by holding rates steady, but instead by appearing somewhat ambivalent aboutRead More…
While digital assets suffered losses, most traditional asset classes climbed higher during the day. The 10-year U.S. bond yields fell 10 basis points, while gold was up 1.5% to $2,450, slightly belowRead More…