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XRP was holding near $1.37 as of noon Thursday Hong Kong time, according to CoinDesk market data, with new ETF and on-chain data suggesting some investors may be turning to XRP. Meanwhile, market leader Bitcoin Bitcoin$77,386.79 Hovering near $77,400, Ethereum (eTH) remains under pressure. CoinGlass data shows that XRP-related funds attracted $8.88 million in funds…
Blockchain.com said it has confidentially filed documents with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). The number of shares to be offered and the proposed price range have not been determined, according to Thursday’s announcement. Confidential filings allow companies to begin the SEC review process before publicly disclosing…
Variational, a peer-to-peer on-chain derivatives trading protocol, said it raised $50 million in a funding round led by global investment fund Dragonfy and with participation from Bain Capital Crypto and Coinbase Ventures, among others. The funds will be used to expand the Cayman Islands-based company’s derivatives trading services, the company said in a statement on…
MoonPay is betting that institutions want wider access to on-chain financial products beyond simple cryptocurrency purchases. The crypto payments company said on Thursday it launched MoonPay Trade, a platform designed to connect banks, fintechs and enterprises with tokenized assets, decentralized finance (DeFi) protocols and stablecoin liquidity across more than 200 blockchains through a single integration….
In today’s newsletter, Morgan Stanley Investment Management’s Sarah Cummings provides insights and considerations when evaluating cryptocurrency exchange-traded funds. Then, on Ask the Expert, Ryan Tannahill from iA Private Wealth USA answers questions about borrowing against Bitcoin assets. Evaluating Cryptocurrency ETPs in a Changing Market When evaluating exchange-traded funds (ETFs), investors often focus on factors such…
Amid a surge in postseason numbers, the top professional hockey league has agreed to coordinate oversight of popular prediction market betting with the U.S. Commodity Futures Trading Commission, entering into a new memorandum of understanding similar to one recently struck by Major League Baseball. The NHL last year formalized its official prediction market partnership with…
Bitcoin Bitcoin$77,515.12 Bitcoin was trading near $77,733 as of noon Hong Kong time, little changed in the past 24 hours after falling to $76,685 during U.S. trading hours and failing to hold above $78,000, according to CoinDesk. Derivatives positions suggest the recent sell-off may be more of a leverage rush than the start of a…
An in-depth investigation into insider trading by Bubblemaps analysts has revealed how accurate bets on a U.S. attack on Iran were, exposing a trend that experts fear poses a huge risk to U.S. national security. In an interview with CoinDesk, Bubblemaps co-founder and CEO Nicolas Vaiman expressed deep concern about the national security implications of…
An in-depth investigation into insider trading by Bubblemaps analysts has revealed how accurate bets on a U.S. attack on Iran were, exposing a trend that experts fear poses a huge risk to U.S. national security. In an interview with CoinDesk, Bubblemaps co-founder and CEO Nicolas Vaiman expressed deep concern about the national security implications of…
Polymarket, the world’s largest decentralized gambling platform, has shut down for Indian users. The website says: “The website cannot be accessed. Please check polymarket.com for spelling errors.” Refreshing the page does not resolve the connection issue. India Polymarket website closed. The outage follows a warning issued by the Ministry of Electronics and Information Technology (MeitY)…