“Moving assets onchain is only the first step,” said Bitget CEO Gracy Chen. “The bigger question is how efficiently that capital can work once it is there.” The IMF’s message is that while the use case is real, the market is still nascent. It said… Read More
Altcoins left behind For altcoins, the picture is reversed. In CoinDesk Research’s basket of altcoins, dollar depth was greatest on Jan. 1, 2025, and has been lower on each date measured since. Depth at 5% from the price is down about a third since the… Read More
That’s where Abrams sees an opening. Open USD, he said, is designed for banking, cross-border payments, card settlement, institutional trading and lending, with an economic model built to reward the companies that drive supply and activity. “When are stablecoins successful? It’s when they recede into… Read More
Hardcore bitcoin purists haven’t lost faith in the world’s largest digital currency, despite it losing nearly 17% of its value, marking the worst weekly performance since July 2024 and wiping out about $200 billion in market cap in the last seven days. The prominent bitcoin… Read More
SpaceX is planning to set the price of its initial public offering at $135 per share in a deal that would raise a record $75 billion and value the company at $1.75 trillion, the company said in a filing with the U.S. Securities and Exchange… Read More
Pudgy Penguins’ recent rally may be a breakout driven by ecosystem momentum. This move appears to have benefited long-term holders in unexpected ways, according to on-chain data. According to DNTV Research founder Bradley Park, the surge may have provided liquidity, that is, enough buyers in… Read More
