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On Friday, China's central bank took steps to support the yuan, which has been losing ground, with its depreciation being viewed as a potential tailwind for bitcoin (BTC).The People's Bank of China announced that it will stop purchasing government bonds this month as their demand now overshadows the supply.Experts said
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In today’s issue, Leo Mindyuk from MLTech provides a crypto outlook for 2025 and highlights key factors that could drive the adoption of these assets.Then, Miguel Kudry from L1 Advisors shares his insights on the topic in Ask and Expert.–Sarah MortonYou’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks
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MANTRA, a layer-1 blockchain designed for tokenized real-world assets (RWA), entered an agreement with United Arab Emirates-based property conglomerate DAMAC Group to bring at least $1 billion of the firm's assets to blockchain rails, the companies announced Thursday in a press release.The deal will allow investors to finance DAMAC's portfolio
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The new year kicked off on a happy note with bitcoin (BTC) moving towards $100,000, putting behind the weak price of December. Amid the cheer, CoinDesk warned against being too optimistic, noting the undercurrents of sellers looking to reassert themselves.A week later, BTC has pulled back to $93,000 after failing
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Crypto exchange Gemini has appointed a new senior management team in Europe and plans to significantly expand its footprint in the region in 2025, the company said in a press release on Thursday.Mark Jennings has joined the company as its new head of Europe and Daniel Slutzkin has been appointed
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Solana is ratcheting up testing of Firedancer, the highly anticipated software upgrade that promises to vastly increase the blockchain's processing speed.By the end of this week, Solana's core developers want a "super majority" of processing power on the chain's low-stakes test network to run through Frankendancer, an early version of
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Bitcoin (BTC) erased all its early-2025 rise on Wednesday as macro jitters and the global bond rout accelerated the sell-off in crypto prices.The largest crypto slipped to a session low of $92,600 during U.S. trading hours, shedding nearly 10% in two days from its Monday peak above $102,000. It has
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Bitcoin rounded out an exceptionally strong 2024 (up 120% yoy) with a whimper, logging the first overbought “sell” signal on its weekly bar chart since mid-April according to the stochastic oscillator, which is an indicator of trend exhaustion. The signal suggests bitcoin will remain range-bound, at least in the short
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Crypto markets had been on a nice bull run the the final quarter of 2024, but the trend of rising government bond yields across the globe appears to have become to strong to ignore.Considered the benchmark that sets the standard across the world, the U.S. 10-year Treasury yield has risen
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Autonomous robots may sound like sci-fi concepts that are decades away, but large language models and generative AI now allow machines to plan, learn, and think. More than that - the same software that can win the math olympics and write novels can also control physical robots, allowing one digital
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