Ethereum layer 2 scaling solution Arbitrum will release over $1 billion worth of ARB tokens in March next year, kicking off a four-year period of staggered unfreezing of its native digital asset, according to data source Token Unlocks. On March 16, the protocol designed to offer scalable and low-cost smart contract capabilities will “cliff unlock” … Read more
Cryptocurrencies were broadly lower after a sharp mid-afternoon selloff Tuesday upended what had been a mostly quiet session. Leading the CoinDesk Market Index’s (CMI) 1.3% decline were altcoins such as Ripple’s (XRP), Dogecoin (DOGE), Polkadot’s (DOT), Polygon’s (MATIC) and Uniswap’s (UNI), each sporting losses of more than 4% over the past 24 hours. Outperforming were … Read more
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories London-based Jacobi Asset Management has listed Europe’s first spot bitcoin exchange-traded fund (ETF) on Euronext Amsterdam nearly two years after it was first … Read more
Sei Labs, the company behind layer 1 blockchain Sei, has announced that its mainnet is now live after a successful testnet phase. The blockchain’s native token SEI also went live today on exchanges such as Binance, Kraken and Huobi, among others. The focus for Sei is to create a chain that offers users the ability … Read more
The investment case for bitcoin (BTC) could be compelling as investors look to navigate some of the current uncertainties in the global macro landscape, Coinbase (COIN) said in a research report Thursday. The structural factors affecting inflation are changing with the advent of new technologies such as generative artificial intelligence (AI), and this may herald … Read more
Hedera Hashgraph’s HBAR token has surged over 15% after the U.S. Federal Reserve’s instant payments platform FedNow added “Dropp,” a Hedera-based micropayments platform, as a service provider. Dropp is a pay-by-bank alternative to credit card payments which allows merchants to accept small-value purchases digitally without large transaction fees, according to FedNow’s press release. Dropp allows … Read more
After a quick surge to start the year resulted in a near doubling of its price, bitcoin (BTC) has traded mostly in a tight range for the past few months, struggling to hold above $30,000 for a sustained period of time. Since April, and in particular since mid-June, bitcoin’s has reversed abruptly anytime it has … Read more
Crypto exchange-traded-funds (ETFs) add capital to the market not just by creating demand in the spot market, but the market signal of regulatory approval of these products produces a growth flywheel for retail and other institutional flows that are seeking legitimacy, broker Bernstein said in a report Monday. “With the interest of leading global asset … Read more
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Hedera Hashgraph’s HBAR token took the lead among major cryptocurrencies on Monday with a gain of 15% over the last 24 hours, after … Read more
Bitcoin (BTC) and ether (ETH) traded flat on Monday after a relatively uneventful weekend for crypto majors in the absence of a strong catalyst that could help add buying pressure to a dim market. Bitcoin traded just over $29,300 while ether flirted around the $1,850 mark. Both assets have returned slightly over 1% for investors … Read more