New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies
The Global Dollar Network, whose participants will earn yield for helping foster adoption of USDG, also includes Anchorage Digital, Bullish, Galaxy Digital and Nuvei.
Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show
“It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week,” one observer said, noting pricier puts on the CME.
BTC Drops Under $68K as Mt.Gox Sends $2.2B Bitcoin to Two Wallets
A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C…Rveoy” and 2,000 BTC was moved to “15gNR…a8Aok” after first being sent to a Mt. Gox cold wallet.
Dogecoin Rallies 10%, Bitcoin ETFs Bleed $541M Ahead of U.S. Elections
BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets.
Binance, CZ’s Lawyers File Motion to Dismiss Amended Complaint in SEC Lawsuit
Lawyers representing Binance and former CEO Changpeng “CZ” Zhao have made a fresh attempt to dismiss the Securities and Exchange Commission (SEC) lawsuit against them.
Long Bitcoin Short Solana Preferred Tactical Trade Heading Into U.S. Election: 10X Research
Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.
Metaplanet Gains First Index Listing With Inclusion on CoinShares’ BLOCK Index
The company’s stock is the best-performing Japanese equity this year, having gained nearly 840%, according to Investing.com.
First Mover Americas: Crypto Market Little Changed as U.S. Votes
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Mining Difficulty Tops 100T for First Time, Piling Pressure on Small Miners
The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week.
MicroStrategy’s Ambitious $42B Bitcoin Acquisition Plan Is Not Without Risks, CoinShares Says
The company needs financing conditions to remain agreeable, and there needs to be continued investor demand for the firm’s convertible debt, the report said.