The bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer’s earnings. www.coindesk.com
Slides
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The brokerage reported $100 million revenue from crypto trading, a 38% decline in a year, offset by stronger options, equities and prediction …
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Analysis
HYPE Price Slides as Whale Selling Grows, But Grayscale Sees Long-Term Value
by shayaanby shayaanThe HYPE price has been under pressure since peaking at $76.80 in June, extending its decline and aiming toward the 200-day EMA …
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Bitcoin slides 2% after U.S. close while Korea’s Kospi plunges 10% www.coindesk.com
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BitMine Immersion Technologies has added a major Ethereum position to its balance sheet, but the market reaction shows investors are not automatically …
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Markets
BlackRock-backed Securitize slides 40% after SPAC debut despite tokenization boom
by shayaanby shayaanThe decline fits into a pattern of recently-public digital asset companies sliding after debut, Arca’s Jeff Dorman said. www.coindesk.com
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Mining
Bitcoin’s Sharpe Ratio slides to lowest since 2022. Here’s what it means.
by shayaanby shayaanProfessional investors don’t just look at a coin’s price relative to its long-term average to assess whether it’s cheap. They use metrics …
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Markets
Bitcoin Slides Toward $58,000 As ETF Outflows And Options Expiry Add Pressure
by shayaanby shayaanBitcoin’s latest pullback was not driven by a single headline. Instead, traders were hit by a cluster of pressure points at the …
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Sui traders are learning, once again, that blockchain outages and investor confidence rarely mix well. SUI price kept sliding after the network …
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Markets
Diverging trends: Ether slides below $2,000 while futures open interest hits record high of 16 million ETH
by shayaanby shayaanEther drops below $2,000 amid heavy selling pressure, yet futures open interest hits a record high. This divergences suggests aggressive shorting. www.coindesk.com