As Polymarket seeks a $1 billion valuation in a Founders Fund-led round, the “quiet winners” may be the stablecoins underpinning its settlement infrastructure, Coinbase analysts wrote in a Friday research report. All of the platform’s trades settle in Circle’s USDC on Polygon, creating measurable demand for the dollar-pegged token. And while lending protocols lock capital…
Digital brokerage Robinhood has launched micro futures contracts for Bitcoin (BTC), Solana (SOL), and XRP (XRP), giving crypto traders the ability to trade derivatives with significantly lower capital requirements. The new offering was officially unveiled in the United States on Friday, expanding on Robinhood’s existing crypto futures products for Bitcoin and Ether (ETH). Micro futures…
With the near-passage of the GENIUS Act and a host of companies announcing stablecoin initiatives, stablecoin-related assets have been on a tear. Circle, issuer of USDC, has seen its stock rise about 500% since its debut on June 5. This week, the company was valued at a staggering $77 billion, which is well above the…
The popularity of stablecoins for cryptocurrency payments has increased in recent years, with many global companies embracing new payment methods. Despite the trend, crypto payments remain prohibited for retail users in multiple countries, including China, Indonesia, Russia, Turkey and others. Still, while domestic crypto payments may be banned in these jurisdictions, using cryptocurrency to pay…
Crypto exchange Coinbase (COIN) will start offering perpetual-style futures contracts in the U.S. on July 21, becoming one of the first regulated players to offer the globally popular product. The new vehicle, first available with bitcoin and ether , will trade on the Coinbase Derivatives Exchange, a CFTC-regulated venue. Unlike offshore perpetuals, which dominate global…
Key takeaways: Ether’s technical breakouts suggest ETH price may hit $10,000 this cycle. Altcoin Season Index says it’s prime time to accumulate “lagging” altcoins. Bitcoin dominance nearing 70% could trigger a full-blown altseason soon. Ether’s (ETH) technical setup suggests that the altcoin is poised for sharp price gains that could mark the start of an…
Bitcoin continues to consolidate in the $102,000 to $108,000 range and gold is lower by 2% today and roughly 7% from its record high. Meanwhile, the Nasdaq 100 has reached new all-time highs. A couple of U.S. macroeconomic data points Friday morning — though nearly two months old at this point — might have added…
Opinion by: Irina Heaver, crypto lawyer. Founders who treat regulatory structuring as a central part of their go-to-market strategy are the ones who thrive in the UAE. Unfortunately, many founders view licensing as an afterthought. The UAE is not a place where you can cut corners. It is, however, a place where thoughtful, well-prepared founders…
Toncoin is demonstrating bullish momentum on the short-term, with price action forming a solid uptrend pattern and significant volume support, according to CoinDesk Research’s technical analysis model. The token is up 1.5% in the last 24 hours. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, except for stablecoins, exchange…
What is crypto mining on wheels, and how did Russian authorities discover it? A mobile cryptocurrency mining operation involves installing mining equipment, such as application-specific integrated circuits (ASICs) or graphics processing units (GPUs), in portable units like trucks, vans or shipping containers. Mining equipment can be easily relocated to take advantage of inexpensive or unregulated…