PayPal and decentralized finance platform Spark have teamed up to grow liquidity for PYUSD$0.9993 onchain, aiming to scale deposits from $100 million today to $1 billion in the weeks ahead. PYUSD, issued by Paxos and pegged to the U.S. dollar, was recently onboarded to SparkLend, Spark’s lending marketplace. The integration gives users the ability to … Read more
Bitcoin’s (BTC) break below key support has prompted a flurry of ‘buy the dip’ calls on social media. However, liquidity trends suggest a potential for a deeper decline. BTC has dropped over 3% to $111,590 this week, piercing the widely-tracked 50- and 100-day simple moving averages (SMA). Both indicators have lost their upward momentum for … Read more
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.Polymarket and CME FedWatch are aligned: the Fed’s easing cycle begins tomorrow. … Read more
Ethereum is in the midst of a paradox. Even as ether hit record highs in late August, decentralized finance (DeFi) activity on Ethereum’s layer-1 (L1) looks muted compared to its peak in late 2021. Fees collected on mainnet in August were just $44 million, a 44% drop from the prior month. Meanwhile, layer-2 (L2) networks … Read more
Key points: Bitcoin revisits $113,000 before Tuesday’s Wall Street open amid talk of a new gold copycat move. That level becomes a recommendation for long entries, but not everyone is bullish. Liquidity conditions show a $115,000 short squeeze in the making. Bitcoin (BTC) returned to $113,000 on Tuesday as traders’ BTC price perspectives began to … Read more
Key points: Bitcoin revisits $113,000 before Tuesday’s Wall Street open amid talk of a new gold copycat move. That level becomes a recommendation for long entries, but not everyone is bullish. Liquidity conditions show a $115,000 short squeeze in the making. Bitcoin (BTC) returned to $113,000 on Tuesday as traders’ BTC price perspectives began to … Read more
Tokenization is the next big step in how financial assets are housed, and offers advantages over existing traditional structures, Wall Street firm Bank of America (BAC) said in a Friday report, noting that it also brings risks. At its core, tokenization is the process of converting ownership of real-world assets, from stocks and bonds to … Read more
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. While traders fixated on Jerome Powell’s latest rate signals, the more … Read more
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin is trading just below $110,000 after another failed bounce, down … Read more
Emails race across the globe in milliseconds, yet money still moves at a crawl. It can take days to make payments, especially cross-border — longer over weekends or holidays. The result? Trillions of dollars are trapped where they can’t earn yield. This inefficiency is more than an inconvenience — it is a systemic drag. For … Read more