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Trump's odds of winning the U.S. presidential election have surged to a more than two-month high. Plus, the broader crypto market is stagnant despite hopes of another round of stimulus in China. Trump sending bitcoin transaction at PubKey bar in NYC (Fox News/Modified by CoinDesk) Trump-themed PoliFi tokens outperformed a slow market this week as the Republican candidate pulled ahead...
The case seeks to prevent the SEC from "unlawfully expanding its jurisdiction" to cover secondary-market sales of certain network tokens sold on the exchange. Crypto.com CEO Kris Marszalek during a 2022 interview (Crypto.com) Crypto.com has sued the SEC after receiving a Wells Notice from the U.S. regulator. The notice, a warning the agency is considering bringing charges against the...
Memecoins have been one of the best-performing crypto sectors in the past year, buoyed by vibrant social communities and attention in the market. Bitcoin (BTC) neared $64,000 in early Asian hours Monday ahead of a busy U.S. data week that sees the Federal Reserve release FOMC minutes and key economic figures from August that track the economy's growth. BTC rose 3%, putting...
Bitcoin not a safe haven from geopolitical risks, may drop below $60K before weekend: Standard Chartered. (Shutterstock) Bitcoin is likely to weaken below $60K, but investors should buy the dip, the report said. Standard Chartered said that the digital asset is not a safe haven against geopolitical risk. The bank wrote that bitcoin is a hedge against traditional financial issues....
Global equities and risk assets such as bitcoin took a hit Tuesday as Iran launched missiles on key Israeli locations, with the latter threatening retaliation in the coming days. (Eduardo Castro/Pixabay) Tensions in the Middle East pushed down BTC during the first half of Asia trading hours Wednesday. The CoinDesk 20, a measure of the most liquid digital assets, had...
Bitcoin Bulls Eye $75K and Higher as BTC Registers Three-Week Winning Streak. BTC has registered its first three-week winning trend since February. Bull Market (Kameleon007/Getty Images) BTC has registered its first three-week winning trend since February. Dealers have seen massive call buying activity at the $75,000 strike price and beyond and put selling, according to Amberdata. Bitcoin (BTC) has notched its...
Bitcoin Holds Above $64K as China Stimulus Sends Conflux’s CFX, Dog Memes Running High Conflux (CFX) saw an 18% rise following news of liquidity injection by the People's Bank of China, with traders focusing on assets perceived as 'China beta' like CFX. PLUS: Bitcoin ETF inflows continue and dog-themed memecoins catch a bid. (Shutterstock) In Asia's Friday market, dog-themed memecoins...
An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says its concerns have been adequately addressed regarding Tron founder Justin Sun's involvement in the custody of bitcoin backing the WBTC token. Sky, the decentralized finance lender previously known as MakerDAO, could consider pausing its plan to offboard wrapped bitcoin (WBTC) as collateral, following a fresh recommendation from...
Kamala Harris has spoken publicly about crypto for the first time, pledging support for the industry while stressing consumer protections. United States Vice President Kamala Harris made her first public statement about crypto during her US presidential election campaign. In comments made during a Wall Street fundraiser, Harris vowed to encourage investment in artificial intelligence and digital assets. “We will...
The agency appealed a lower court's decision to let the firm offer prediction markets on which party will control each house of Congress. Crypto firms are watching the case. Kalshi is trying to launch U.S. political prediction markets ahead of the 2024 election. (Pete Kiehart for The Washington Post via Getty Images) A panel of judges grilled attorneys for...
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