Cryptocurrency Analysis and News Portal
Sumitomo Mitsui Financial Group (SMBC), one of Japan's largest banking groups, is the latest financial giant to delve into stablecoins as the market for the $230 billion asset class is soaring with regulations being laid down globally.The banking group signed an agreement with Avalanche blockchain development firm Ava Labs, digital
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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 2547.72, down 1.0% (-26.77) since 4 p.m. ET on Wednesday.Two of the 20 assets are trading higher.Leaders: SUI (+1.0%) and ADA (+0.2%).Laggards: AAVE (-5.3%) and
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CME Group (CME) saw record activity in its cryptocurrency derivatives markets during the first quarter of the year, driven by increased interest in micro-sized contracts.The company reported average daily volume of 198,000 contracts for crypto products, representing $11.3 billion in notional value. It pointed to record highs across its
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By James Van Straten (All times ET unless indicated otherwise)President Trump's so-called Liberation Day has arrived, and markets are nervously awaiting developments on U.S. tariffs. Even within the administration, the mood appears far from optimistic. Commerce Secretary Howard Lutnik is reportedly in the crosshairs, with suggestions he may become the
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Sony customers in Singapore can now use the USDC stablecoin in its online store.Sony Electronics' Singapore (SES) has integrated cryptocurrency payments in partnership with crypto exchange Crypto.com, the two firms said Wednesday.Stablecoins are cryptocurrencies whose value is pegged to a real-world asset, such as the U.S. dollar or gold. USDC,
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The number one question on investors' minds is whether an asset has hit its bottom after being in a sustained downtrend for an extended period of time. Recent price action suggests that bitcoin (BTC) may have found its bottom just above $76,000 on March 10. This move has formed a
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XRP, the token closely related to Ripple Labs, is showing signs of a potential breakout as its price chart forms a symmetrical triangle pattern alongside other bullish technical indicators.XRP has been consolidating within the pattern shown below, characterized by two converging trend lines that suggest a buildup of momentum. Technical
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The Bitcoin-Japanese yen (BTC/JPY) pair faced a setback at key trendline resistance Wednesday, as Goldman Sachs (GS) cited the anti-risk yen as the leading hedge against rising U.S. tariff and recession risks.The BTC/JPY trading on the Japan-based bitFlyer fell 1% after failing to take out the trendline drawn off the
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Crypto enthusiasts might have heard of the ERC-20 token standard, which provides guidelines to ensure that tokens created on the Ethereum smart contract blockchain are compatible and can interact with other tokens and applications within the network.A similar standard for data-backed tokens, called VRC-20, has now emerged.Vana, an EVM-compatible Layer
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Bitcoin (BTC) purchases from video game retailer GameStop (GME) could be imminent or may have already begun after the company closed on its offering of $1.3 billion of five-year convertible notes.The $200 million greenshoe option was fully exercised by the initial purchaser, bringing the total amount of the sale to
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