Bitcoin BTC$84,459.46 steadied near $80,400 after dipping to around $79,300 during the Asian morning, leaving it little changed since midnight UTC. Altcoins were mixed, with ether ETH$2,490.55 dropping 0.2% and the DeFi index (DFX) the only CoinDesk index to gain. The tone was set at… Read More
“Perpetual preferreds have brought bitcoin to income investors, a group that ETFs never reached,” said Mark Palmer, a senior equity research analyst at StoneX. Ryan Rasmussen, the head of research at Bitwise, also sees the products attracting buyers who might avoid bitcoin exchange-traded funds, though… Read More
Two batches of just over 72,184,793 shares followed at 02:58 and 04:13 UTC Thursday, each carrying a matching receipt code and a $1.039 share price. The receipts leave the investors, funding source and any connection to existing holdings on Stellar, the other blockchain the fund… Read More
The market has grown from its roots in elections into sports, economic data and short-term price bets. Robinhood entered the business through a partnership with Kalshi, a federally regulated prediction market exchange, and has since made event contracts a growing part of its trading platform.… Read More
Bitcoin’s 90-day realized volatility stood at about 38% as of Thursday, based on CoinDesk’s calculations. Its main rival, gold, is at about 23.5%. The S&P 500 sits at about 11%, so bitcoin is a little over three times as jumpy as stocks. EUR/USD, which matches… Read More
Leading decentralized betting platform Polymarket has fired its chief marketing officer, Matthew Modabber, who is also a close friend of the company’s CEO Shayne Coplan, according to the New York Post. The termination happened after an internal probe into several embarrassing episodes, including a reported… Read More
