Ethena has secured an investment from Janus Henderson, highlighting the trend of traditional asset managers entering the DeFi space. The partnership aims to explore the distribution of USDe through innovative financial products.
Meta's initiative to pay creators in USDC marks a significant step for stablecoins but reveals ongoing challenges in converting digital currency to local cash, particularly in emerging markets.
Bitcoin has dropped below $62,000 following strong U.S. job growth data, while Zcash faces a significant crash due to a critical bug. The Fed's potential rate hikes loom as market dynamics shift.
Abra CEO Bill Barhydt believes that tokenization and DeFi lending will become the central focus of the crypto industry, surpassing the long-standing emphasis on bitcoin prices as the company prepares for its public listing.
Bitcoin and ether ETFs have halted a record streak of outflows, with spot bitcoin ETFs seeing a modest inflow of $3.05 million after a significant redemption period, while ether ETFs ended their 17-day outflow streak with a $19.30 million inflow led by BlackRock's ETHA.
Michael Saylor has reignited speculation about potential bitcoin acquisitions by Strategy as scrutiny of the firm increases. Amid concerns over its finances, the company recently sold BTC for the first time since 2022, leading to heightened market discussions.
Trad.Fi is partnering with W3 to automate capital workflows and aims to deploy $650 million in onchain private credit on the Avalanche blockchain over the next four years, facilitating quicker equipment financing for small and mid-sized businesses.
The FCA has proposed allowing retail investment funds in the U.K. to hold up to 10% of their assets in crypto exchange-traded notes, marking a significant step towards the acceptance of such financial products.
JPMorgan, Bank of America, and Citi are collaborating to develop a shared tokenized deposit network by 2027, aiming to mitigate the impact of stablecoins on traditional banking deposits.
Ethena has secured an investment from Janus Henderson, highlighting the trend of traditional asset managers entering the DeFi space. The partnership aims to explore the distribution of USDe through innovative financial products.
Bitcoin maximalists believe that the recent price drop is merely a short-lived liquidity issue stemming from a shift of capital towards artificial intelligence, rather than a decline in trust in bitcoin itself.
As the landscape of digital currencies evolves, advisors must reassess crucial due diligence questions regarding cash management, regulatory assumptions, and AI's role in crypto transactions.
Bitcoin's rise to $60,000 is met with significant ETF outflows, contrasting sharply with the institutional sentiment seen in February. This shift suggests a more bearish outlook for bitcoin's support at this level.
America's largest banks are set to introduce a tokenized deposit network to compete with stablecoins, aiming to retain customer funds within the banking system while leveraging blockchain technology.
Abra CEO Bill Barhydt believes that tokenization and DeFi lending will become the central focus of the crypto industry, surpassing the long-standing emphasis on bitcoin prices as the company prepares for its public listing.
Dogecoin and Shiba Inu fell by 9% as Bitcoin approached $60,000, reflecting a risk-off sentiment in the cryptocurrency market. Both tokens broke through key support levels amid heavy trading volumes, indicating that sellers are in control.
The U.S. jobless claims saw an unexpected rise ahead of the upcoming employment report, which could impact interest rate trends. Economists forecast a modest job addition in May, while the unemployment rate is anticipated to remain stable.
Meta's initiative to pay creators in USDC marks a significant step for stablecoins but reveals ongoing challenges in converting digital currency to local cash, particularly in emerging markets.
Quantitative traders are increasingly viewing prediction markets like Polymarket and Kalshi as serious trading venues, exploiting market inefficiencies rather than predicting outcomes. This shift is marked by a surge in institutional interest as volumes rise ahead of major sporting events.
Bitcoin and ether are poised for their steepest weekly losses since the FTX crash, with the crypto market losing around $390 billion. Factors such as ETF outflows, a notable bitcoin sale by Strategy, and rising competition from AI investments have contributed to this turmoil.
10xResearch contends that the recent drop in bitcoin's value is more closely linked to rising inflation rather than Strategy's actions, highlighting significant institutional selling through ETFs as a key factor.