The Popular $100K Year-End Goal for Bitcoin Has Less Than 10% Probability in Options Market
[Oct 25, 2024 8:25 AM] The low pricing seems consistent with stable and rangebound implied volatility.
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Bitcoin Liquidity Could Flow to Cardano Ecosystem With New BTC Bridge
[Oct 25, 2024 7:47 AM] EMURGO, a founding entity of Cardano, will be among ecosystem buildings developing tools and services to attract the BTC capital
Did Hackers Compromise US Government Crypto? $20M in Suspicious Activity
[Oct 25, 2024 7:30 AM] In a new update from Arkham Intelligence, it seems that crypto wallets linked to the U.S. government may have been compromised, losing around $20 million. According to Arkham, the bulk of the funds, primarily made up of stablecoins, were converted…
Polymarket Trader Betting on Donald Trump Win Ends Up Getting 99% Odds
[Oct 25, 2024 7:16 AM] Low liquidity led to massive slippage for one entity trying to buy up Trump “yes” shares in a short period.
Pennsylvania House of Representatives Passes Crypto Bill to Bring Regulatory Clarity: Report
[Oct 25, 2024 6:30 AM] The bill aims to provide regulatory clarity for digital assets, including self-custody rights, bitcoin payments, and transaction taxation.
Improbable, the Company Building Yuga Labs’ Otherside, to Launch Somnia Blockchain DevNet Phase
[Oct 25, 2024 6:28 AM] Improbable, the British metaverse technology company creating Yuga Labs’ Otherside platform, has said the Somnia blockchain will enter its DevNet phase in the coming weeks.
Microsoft Urges Shareholders to Vote Against a Proposal to Assess Bitcoin as a Diversification Investment: Filing
[Oct 24, 2024 11:11 PM] The National Center for Public Policy Research, a conservative think tank, has notified shareholders of Microsoft that it intends to propose a Bitcoin Diversification Assessment at the company’s annual meeting on Dec. 10, a filing shows.
Bitcoin Climbs 3% to Retake $68K With Solana Outperforming, Ether Showing Relative Weakness
[Oct 24, 2024 8:12 PM] Bitcoin Cash and Uniswap led CoinDesk 20 gains, each rising more than 5%.
Activist Group Says Kalshi’s Election Market Should Be Shut Due to 'Manipulative' Whales
[Oct 24, 2024 6:51 PM] Better Markets is using Polymarket's "French connection" as ammo against the prediction market's regulated competitor.
Circle's Allaire: Stablecoins Could Expand by Trillions in 10 Years, Will Be Integral Part of Global Financial System
[Oct 24, 2024 6:49 PM] While USDC has been popular in developed markets, it has seen significant growth in emerging regions among fintechs and brokers servicing businesses and households, Jeremy Allaire told CoinDesk in an interview.
The Slow Death of Private Blockchain Tech—R3 Reportedly Explores Sale Despite Big Bank Support
[Oct 24, 2024 6:30 PM] According to a recent report, R3, the private blockchain initiative backed by several major companies—including Intel, Bank of America, and Wells Fargo—has been looking into various strategic paths, including the possibility of a sale. Sources with…
Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi
[Oct 24, 2024 6:29 PM] The holdings of the U.S. spot bitcoin exchange-traded funds are about to cross over one million tokens after only ten months of trading.
As 'Sentient Memecoins' Become Latest Crypto Fad, GOAT Surges to $800M and an AI Rambles
[Oct 24, 2024 5:33 PM] Some claim a new wave of big-money tokens are backed by sentient AI bots. But that's not the reality.
Retail Bitcoin Activity Hits a Low—Cryptoquant Report Explores What Is Next for Markets
[Oct 24, 2024 4:45 PM] Retail bitcoin investors are slowly making a comeback, though their demand growth continues at a sluggish pace compared to historical standards. Data from Cryptoquant reveals that small-scale investors are still trailing behind their larger…
Could Trump’s 2024 Victory Send Bitcoin Soaring to $92K? This Bitwise Exec Thinks So
Binance's Tigran Gambaryan Has Left Nigeria Following 8-Month Detention
[Oct 24, 2024 2:42 PM] After spending eight months detained in the country, the Binance enployee was allowed to leave Kuje prison last night.
Chainlink Expands to Bitcoin, Helping Original Blockchain With Its Layer-2 Shift
[Oct 24, 2024 2:21 PM] Chainlink's service is an integral part of many major blockchains but has not featured on Bitcoin until now.
Bitcoin Project BOB Maps Out How the Original Blockchain Could Take Over DeFi
[Oct 24, 2024 2:04 PM] "If Bitcoin breaks, then so does our industry as a whole, so we might as well use Bitcoin security for cross-chain DeFi," BOB co-founder Alexei Zamyatin, told CoinDesk.
Kraken Picks Optimism for New Layer-2 Network, Joining Coinbase's Base on 'Superchain'
[Oct 24, 2024 1:26 PM] The disclosure comes nearly a year after CoinDesk broke the news that Kraken was considering its own layer-2 network, following the runaway success enjoyed by Base after it launched in mid-2023.
Vintage 2011 Bitcoin Wallet Moves $10M, Linked to All of October’s 2011 Spends
[Oct 24, 2024 1:26 PM] On Oct. 24, at block height 867,127, a bitcoin wallet from 2011 suddenly moved 150 bitcoins, marking the first transaction in over 13 years. This is the fifth occurrence this month of bitcoins from 2011 being spent, and it’s extremely likely…
CoinDesk 20 Performance Update: UNI Gains 6.3% as Nearly All Index Constituents Trade Higher
[Oct 24, 2024 1:15 PM] Bitcoin Cash was also among the top performers, gaining 2.9% since Wednesday.
First Mover Americas: BTC Rebounds to $67K After Subdued U.S. Economic Data Reading
[Oct 24, 2024 12:10 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Solana Looks Overbought Against Ethereum; Bitcoin-Gold Ratio Stuck in a Downtrend
[Oct 24, 2024 10:11 AM] The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.
Gold Rally Needs to Pause for Bitcoin Price to Break All-Time High, Data Suggests
[Oct 24, 2024 9:35 AM] In the past seven days, over 1 million ounces have gone into gold ETFs, the biggest inflow since October 2022.
Government Lawyers Defend Nishad Singh Saying He Provided ‘Substantial Assistance’ in FTX Investigation
[Oct 24, 2024 9:28 AM] Prosecutors in the case against former FTX executive Nishad Singh have asked the sentencing judge to take into account the “substantial assistance” and “exemplary cooperation” Singh provided to the government in its investigations into FTX when…
FCA-Regulated Crypto Trading Firm Portofino Technologies Sees Staff Exodus
[Oct 24, 2024 9:13 AM] The firing of the firm’s co-founder and its CFO in July triggered a wave of departures.
Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains
[Oct 24, 2024 8:42 AM] Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.
Institution Takes $25M Hedge Bet on Derive's Bitcoin Options Market as U.S. Election Looms
[Oct 24, 2024 7:49 AM] The institution set up a multi-legged strategy in Derive's onchain options market, generating $25 million in volume.
Bitcoin Retakes $67K, Dollar Index Rally Stalls as Beige Book Supports Fed Rate Cuts
[Oct 24, 2024 5:49 AM] The rally in the DXY stalled after the Beige Book report, paving the way for BTC recovery
Number of Bitcoin Whales Jumps to Highest Since January 2021
[Oct 24, 2024 2:48 AM] Whale Entities are clusters of crypto wallet addresses held by a single network participant holding least 1,000 BTC.