Crypto markets were shaken on Thursday when U.S. President Donald Trump and Tesla CEO Elon Musk engaged in a heated argument on social media over the U.S. national debt, which cumulated in the world’s richest man endorsing Trump’s impeachment and claiming the twice-elected politician was implicated in the Jeffrey Epstein files. Avalanche’s token, AVAX ,…
Key points: Bitcoin (BTC) passed $104,000 at the June 6 Wall Street open as strong US labor market data contrasted with fresh calls for interest-rate cuts. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin edges higher as Trump moves to Fed Data from Cointelegraph Markets Pro and TradingView showed BTC/USD up 2.5% on the day. Having recovered…
This week, I stepped into my role as Blockchain Association CEO at what may be the most consequential moment in crypto’s policymaking history. After years of regulatory uncertainty and punishing enforcement, we have a generational opportunity to establish clear, innovation-friendly rules that will govern digital assets for the next decade and beyond. The convergence of…
The Monetary Authority of Singapore (MAS) has shed light on its Digital Token Service Providers (DTSPs) regime, following widespread panic in the industry over a potential ban on crypto firms serving overseas clients In a June 6 announcement, MAS reiterated that starting June 30, crypto firms “providing services solely to customers outside of Singapore relating…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3009.79, up 0.7% (+21.73) since 4 p.m. ET on Thursday. Thirteen of 20 assets are trading higher. Leaders: SUI (+4.3%) and SOL (+3.3%) Laggards: ETH (-2.0%) and BCH (-1.3%)….
Ethereum-based non-fungible token (NFT) collection Moonbirds saw a resurgence in market activity following the sale of its intellectual property (IP) to blockchain game development studio Orange Cap Games. On June 6, data from NFT data aggregator CryptoSlam revealed that Moonbirds has reached a weekly sales volume of over $2 million, up 2,525% on the previous…
U.S. labor market growth continued to modestly slow in May, but not enough to force a rise in the unemployment rate. Nonfarm payrolls grew 139,000 last month, according to the a report Friday from the Bureau of Labor Statistics. Economist forecasts called for gains of 130,000 and April’s job growth was 147,000 (revised from an…
Strategy, the world’s largest corporate Bitcoin holder, plans to raise nearly $1 billion through a new stock offering to fund additional Bitcoin purchases. The company, led by executive chairman Michael Saylor, plans to issue 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock at a public offering price of $85 per share. Strategy estimates…
Strategy (MSTR), the largest corporate holder of bitcoin , has priced the new preferred stock offering designed to give long-term investors a fixed 10% annual return with no management fees. The firm will sell 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD), expecting to bring in an estimated $979.7 million…
Switzerland is moving forward with plans to automatically share crypto-related data with 74 partner countries, including the United Kingdom and all European Union member states. The Federal Council, the government of Switzerland, has adopted a bill to enable the automatic exchange of information (AEOI) on crypto with partner countries, the council officially announced on June…