As bitcoin treasury companies continue to struggle with tumbling share prices and rapidly slowing bitcoin accumulation in a tightening market, many are now trading below a 1x multiple to their net asset value (mNAV). In other words, for these “pure play” treasury holders (i.e., excluding… Read More
Crypto.com has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, a step it says would expand its federally supervised crypto-custody services for institutions. In Friday’s announcement, the exchange framed the filing as an extension of… Read More
Ripple has completed its purchase of global prime broker Hidden Road and rebranded the business as Ripple Prime, a bundled trading, financing and clearing desk for institutions, the company announced Friday. Ripple said the newly branded unit’s business has tripled since the initial announcement and… Read More
Tether plans to launch its U.S.-compliant stablecoin USAT in December, aiming for mass reach in the creator economy, CEO Paolo Ardoino said in a CoinDesk interview. Source: Coindesk
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is buoyant, with bitcoin BTC$111,832.89 climbing to $111,500 and the CoinDesk 20 (CD20) Index rising 2% to 3,667 points. Most major cryptocurrencies, including BNB, XRP, SOL, and ETH, traded higher after President Trump… Read More
The crypto market, starved of fresh economic data due to the prolonged U.S. government shutdown, will finally get a key data point with the release of September’s Consumer Price Index (CPI) on Friday. The inflation figure could trigger larger price swings in ether ETH$3.968,74 than… Read More
