Tag: Cryptocurrency

Ripple is heading for its best year ever while XRP faces its worst since 2022

Ripple anticipates its most successful business year yet, projecting a 900 million dollar revenue run rate by the end of 2026, even as XRP tracks toward its weakest annual performance since 2022.

NYSE’s owner is backing 24/7 stock tokens without Wall Street’s usual price rules

The parent company of the New York Stock Exchange is backing 24/7 stock tokens to enable continuous stock purchases, driven by high demand and strong trading volumes in cryptocurrencies and alternative tokenized assets.

Bitcoin ETFs shed $635 million as BTC tests their holdings’ estimated $81,500 cost basis

US spot Bitcoin ETFs recorded approximately $635 million in net outflows on Thursday, marking the largest single-day redemption since June 25 as BTC traded near the funds' estimated cost basis.

Coinbase rolls out 10x spot leverage, but blocks US retail from it

Coinbase announced a new spot borrowing feature offering up to 10x leverage, but US retail investors are barred unless they meet strict Eligible Contract Participant financial thresholds.

Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high

US spot Bitcoin and Ethereum exchange-traded funds experienced massive redemptions, recording their sharpest outflows in months as digital asset prices sank amid a broader market downward trend.

Leveraged funds’ Bitcoin futures shorts fall by 5,300 BTC-equivalent as longs shrink

During the week leading up to September 29, leveraged funds reduced their Bitcoin futures shorts by approximately 5,300 BTC-equivalent, narrowing their overall net short position despite a contraction in total long exposure.

Bitcoin slips below $85,000 as 5% Treasury yield returns to haunt risk assets

Bitcoin slipped below $85,000 as robust U.S. business activity data pushed 10-year Treasury yields above 5%, triggering massive liquidations across crypto markets and halting recent upward momentum.

X brings crypto trading closer to your social feed

Kraken has joined the US Cashtag partner program on X, allowing users to navigate directly from crypto tickers like Bitcoin to the trading platform and shortening the journey between social media discovery and financial action.

Gen Z are investing like Boomers – with some surprising portfolio decisions

A recent Binance Research report reveals that Gen Z investors exhibit surprisingly conservative portfolio decisions, favoring exchange-traded funds and maintaining lower turnover rates compared to older generations.