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The embattled Harbor Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.
Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.
Bitcoin investors have been unmoved by recent macroeconomic data. Muted reactions suggest that they’ve already priced in much of what has occurred
The latest price moves in crypto markets in context for July 20, 2023.
The share of bitcoin trade volume on Japanese exchanges rose from 69% to 80% in the first six months of the year, data tracked by Kaiko show.
The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week.
El Salvador’s bonds due in 2027 have gained 62% in the last six months as the country finds itself on a better financial footing.
A lot can be learned from the listing of the first Gold ETF, but looking to the past also comes with some caveats.
We view XRP's breakout above the Ichimoku cloud as a good example for bitcoin, Fairlead's Katie Stockton said.
PLUS: Ripple's partial victory last week in its ongoing legal feud with the Securities and Exchange Commission left important questions unsettled for token issuers, a crypto lawyer told CoinDesk TV.
- 12:08Thumzup Acquires DOGE Mining Company Dogehash TechnologiesAccording to Jinse Finance, Thumzup Media Corporation, a social media company with cryptocurrency reserves invested in by Donald Trump Jr., has announced the acquisition of DOGE mining company Dogehash Technologies. The specific acquisition amount has not been disclosed. Dogehash will be traded on the Nasdaq Stock Market under the new ticker symbol "XDOG." Reportedly, the company currently operates approximately 2,500 Scrypt ASIC miners in North America and also mines Scrypt-based assets such as Litecoin. Following the completion of the acquisition, more equipment is expected to be deployed later this year.
- 11:57Blockchain Data Intelligence Platform LYS Labs Secures $4 Million in Funding with Participation from Alchemy VenturesAccording to a report by Jinse Finance, citing @TheDailyHodl, blockchain data intelligence platform LYS Labs has completed a total financing of $4 million, including a $2 million angel round and a $2 million seed round. Investors include institutional backers such as Alchemy Ventures and Delphi, as well as individual investors from projects like 0G Labs and Ocean Protocol.
- 11:57Bitwise Executive: US 401(k) Plans Could Drive Bitcoin to $200,000 by the End of 2025According to a report by Jinse Finance, citing Cointelegraph, André Dragosch, Head of Research for Europe at Bitwise, stated that the inclusion of cryptocurrencies in U.S. retirement plans could become a significant milestone for Bitcoin adoption. On August 7, Trump signed an executive order allowing Americans to invest in digital assets through 401(k) retirement plans. Based on a conservative estimate of a 1% portfolio allocation, this policy change is expected to bring approximately $122 billion in new capital to the cryptocurrency market. Dragosch believes that this development could be even more influential than the approval of U.S. spot Bitcoin ETFs, and may drive the price of Bitcoin to $200,000 by the end of 2025.