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Solana (SOL) continues to face mounting bearish pressure as the price slid below the psychological $150 level, marking a 5.2% drop in the past 24 hours. The sell-off intensified during the early afternoon session with high-volume trades flooding exchanges. Analysts attribute the decline to more than 3 million SOL tokens
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CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets. All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data
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Is it 2021 all over again?Circle (CRCL) debuted to wild upside action on the New York Stock Exchange on Thursday, its shares more than tripling from the IPO price of $31. The event was the culmination of a long journey for the USDC stablecoin issuer, which had been pursuing an
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Shares of Circle (CRCL) began trading on the New York Stock Exchange (NYSE) on Thursday, opening at $69 a share in early trading. The stock at point surged to as much as $100, more than 200% above the $31 price it had set the night before.The company announced late Wednesday
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High throughput blockchain Keeta and credit data platform SOLO, companies both backed by former Google CEO Eric Schmidt, are introducing an on-chain credit bureau to give digital asset owners access to mortgages, small business loans, and other traditional lending services.Keeta is facilitating SOLO to create PASS, a blockchain-based, bank-grade financial
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The Federal Reserve — a key regulator of U.S. banking — is about to have a new vice chairman for supervision, Michelle Bowman, who will ultimately guide how the Fed oversees the financial system, possibly including how stablecoin issuers are regulated.After a tight party-line confirmation vote in the Senate approved
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The yield-bearing vault created by decentralized exchange HyperLiquid has grown from $163 million to $418 million over the past two months despite centralization concerns around the JELLY market fiasco in March, data from DefiLlama shows.The vault, which acts as an internal market maker and gives depositors a yield, was underwater
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U.S. President Donald Trump’s social media company, Truth Social, is wasting no time in trying to launch a spot bitcoin exchange-traded fund (ETF).Продовження НижчеCrypto asset manager Yorkville America Digital, who is sponsoring the fund, filed an S-1 document with the Securities and Exchange Commission (SEC) on Thursday, just two
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Meanwhile, a Bermuda-based life insurance firm that operates entirely in bitcoin, released on Thursday its 2024 audited financial statements — making it one of the first companies fully operating in bitcoin to ever release a financial audit.“We follow a tried-and-trusted business model, but we denominate everything in bitcoin,” Zac Townsend,
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CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets. All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data
Read More