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Markets

Bitcoin and Hang Seng's Stalled Rally Might Mean Wider De-Risking Ahead, TradFi Firm Says

Failures in BTC and Hang Seng are technical warnings signs that these early 2022 halcyon vibes may not last all year, one observer said.

(Pixabay)

Markets

Crypto Market January Roundup: Aptos, Metaverse-Affiliated Tokens Lead Broad-Based Rally

Layer 1 blockchain Aptos’ native token surged over 387% this month, leading all cryptocurrencies for gains and dwarfing the performance of bitcoin and ether. Solana’s SOL token also rose.

Red arrows moving upon wooden blocks, Business concept Growth, Conceptual Business Finance Growth (Sakchai Vongsasiripat)

Markets

Stablecoins Seem Unattractive as the Gap Between 3pool's APY and Treasury Yields Widens

The annualized percentage yield from providing stablecoin liquidity on Curve's 3pool, also known as DeFi's savings bank account, is nearly 250 basis points less than the yield on the 10-year U.S. Treasury note.

(RosZie/Pixabay)

Markets

Bitcoin Suffers Largest Daily Plunge Since November to Sink Below $22.6K as Fed Meeting Looms

The largest cryptocurrency by market capitalization was recently down over 4.5% amid ongoing worries about inflation and the size of the next interest rate hike.

Los traders que quieran comprar bitcoin ante el primer indicio del llamado cambio de la Fed deberían escuchar lo que las acciones dicen. (mh-grafik/Pixabay)

Markets

Bitcoin Holds Steady Above $23K as Traders Eye Fed’s Next Meeting

Bitcoin and ether have outperformed equities this year. The FOMC’s decision on interest rates looms large over markets.

Cryptocurrencies have stabilized for now, but analysts are mulling a further downside. (Unsplash)

Markets

Decentralized Exchange Vela’s DXP Token Surges Ahead of Beta Release on Arbitrum

The utility token has rallied 50% in the past 24 hours and more than doubled since Wednesday ahead of the release of its widely anticipated beta version next week.

Traders are betting Vela, which means sail in Spanish, can take a share of the growing decentralized exchange activity on Arbitrum. (Johannes Plenio/Unsplash)

Markets

Optimism’s OP Token Hits All-Time High as Layer 2 Adoption Interests Grow

The OP token has surged 140% this year, surpassing bitcoin and ether.

Bitcoin jumped to $23,500 Wednesday shortly after the release of the U.S. CPI for July. (Denny Luan/Unsplash)

Markets

DeFi Protocol Aave Clears Bad CRV Token Debt from Exploit Attempt

The maneuver comes ahead of the activation of a major tech upgrade of the protocol called Aave v3.

(MidJourney/CoinDesk)

Markets

Binance USD Stablecoin Sees $2B Reduction in a Month Amid Token Mismanagement

BUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko.

Logo 3D de Binance impreso en dorado. (Rob Mitchell/CoinDesk)

Markets

Bitcoin's Upswing Is Reminiscent of 2019 Bull Revival

The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January, and the Fed plans slower rate increases in coming months.

(Cheyenne Ligon/CoinDesk)