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Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks.
The 90-day rolling correlation between bitcoin and Nasdaq, S&P 500 is now at the lowest level observed since July 2021, according to data tracked by crypto derivatives analytics firm Block Scholes.
Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.
A bullish flag looks to be forming and would be completed on a breakout above $31,900, analysts at Fairlead Strategies said.
The bitcoin cash-Korean won (BCH/KRW) pair listed on Upbit has registered a trading volume of $557.63 million in the past 24 hours. That's nearly 3.5 times
It would be unusual for bitcoin to stay bullish when fiat liquidity measures are pointing lower, one portfolio manager said.
Shares in Coinbase, chosen as the market for the surveillance-sharing agreements in ETF applications, rose above $80 at around 11:30 ET on Monday.
A large ether bull call spread crossed the tape Friday, according to Amberdata. The trade involved December call options with strike prices at $1,900 and $2,500.
PLUS: Japan is a regulatory success story when it comes to digital assets and Web3. But walking around the recent IVS Crypto Conference in Kyoto, one can’t help but feel that something is amiss.
The rise in real yields is more of a headache to blue chip stocks than to markets like technology or crypto and will not disrupt the medium-term growth story, one observer said.
- 06:37Ripple: It is estimated that by 2030, over 10% of global assets will be tokenizedGolden Finance reports that Ripple predicts the global custodial services market will grow from $41 billion in 2023 to over $100 billion by 2033. Digital assets are driving this prosperity, and there is ample opportunity for custody providers in the entire financial industry to leverage this emerging technology. As institutional adoption of digital assets accelerates, customers seek more than just safekeeping; they expect advanced banking-level infrastructure to balance robust regulatory compliance with seamless round-the-clock availability. Custodians of digital assets who meet these requirements can get a piece of this multi-billion dollar market by facilitating custody, governance, and trading use cases. By 2030, it is expected that over 10% of global assets will be tokenized, including RWAs such as financial instruments (stocks, bonds, ETFs) and even art pieces and carbon credits. This wave of digitization transforming the custodial landscape requires next-generation solutions. The 24/7 nature of digital asset movement and trading demands cryptocurrency custodians provide continuous accessibility for institutional clients without compromising security. Digital asset custodians must also support all relevant L1 blockchains, higher throughput capabilities as well as access to transactional and liquidity venues. Moreover, with increasing transaction volumes, custodians must ensure their infrastructure can scale effectively without impacting efficiency or global regulatory compliance. Beyond these basic functions, custodians deploying institutional-grade solutions (which allow customizable control over operational and security models including flexible deployment or management of private keys) can offer innovative new use cases for their clients. These may include: issuing and custodying tokenized securities & RWAs or cryptocurrency wallets for both institutional investors & retail investors; robust compliance controls & advanced governance frameworks providing asset protection; becoming sub-custodian on a global network enhancing service distribution; seamless access to liquidity providers exchanges along with lending & collateral platforms.
- 06:34CryptoQuant CEO: BTC computing power has increased fivefold in four years, while the BTC price has only doubledNews on February 7th, CryptoQuant CEO Ki Young Ju stated that Bitcoin is a value container, its fundamental value is related to the size of the container. He pointed out that if you are a financial giant, you would expand the scale of the container before investing a large amount of money. In the past 4 years, the scale of the container (computing power) has increased by 5 times, while the price has only doubled. This is what "increasing computing power" truly means.
- 06:00The probability of Solana ETF getting approved within the year on Polymarket is currently reported to be 85%Odaily Planet Daily reports that Polymarket predicts an 85% chance of Solana ETF getting approved in 2025.