Risk-Off Is Back: Crypto, Equities Slide on Persistent Inflation

The Federal Reserve’s preferred inflation gauge showed higher prices have been more persistent than originally thought, sending stocks and cryptocurrencies into the red Friday.  The core personal...

STX is bright spot while bitcoin, ether stagnate with market

Both bitcoin and ether declined on Saturday, continuing downward momentum after another week of macroeconomic uncertainty and ongoing jitters on the regulatory front. Both cryptocurrencies fell 6.4% o...

Stock Market Sentiment Still Bearish — Keep Buying

TOPSHOT – Traders work on the floor at the opening bell of the Dow Industrial Average at the New … [+] York Stock Exchange on March 18, 2020 in New York. – Wall Street stocks resumed...

Ether, bitcoin track Nasdaq, S&P declines as new data keeps inflation fears in focus

Crypto and traditional assets sank after U.S. data showed inflation persisting.  Bitcoin traded down about 1.5% to $23,785 at 8:45 a.m. EST, while ether fell about 1% to around $1,639. The...

Investors Are Dumping Equities and Cash Amid Fears of Hawkish Fed, BofA Says

(Bloomberg) — Investors are dumping equities and cash alike in favor of bonds as they position for the risk that the Federal Reserve persists with hawkish policy moves, Bank of America Corp. str...

Cathie Wood’s Ark Invest adds $3.9 million worth of COIN

Deals • February 23, 2023, 9:10PM EST Ark Innovation ETF added 53,783 Coinbase shares, while fellow fund, Ark Next Generation Internet ETF, added 9,802 shares, the company’s latest filing shows. ...

Block’s Q4 Cash App bitcoin profit drops 25%

Block reported its fourth-quarter bitcoin gross profit from its Cash App dropped by one-quarter to $35 million. The total sale amount of bitcoin sold to customers, recognized as bitcoin revenue, was $...

Base Protocol’s token jumps 250% despite no affiliation with Coinbase

Base Protocol’s token skyrocketed today, reaching a high of nearly $7.50 around 11:30 a.m EST after months of price stagnation below $1. The spike may have been caused by a misunders...

Bitcoin flirts with $24,000; Coinbase pares gains following Layer 2 announcement

Markets • February 23, 2023, 11:45AM EST Cryptocurrency prices were up over the past day, relatively unaffected by the release of the Fed’s latest meeting minutes on Wednesday. Crypto-related st...

Ark Invest adds another $13 million worth of COIN

Cathie Wood’s Ark Invest made another large COIN purchase, this time coming in at over $13 million. Wood’s fund has added over $30 million in COIN shares this month alone.  Ark added...

Bitcoin, crypto prices sink for second day; Coinbase down as markets look to Fed minutes

Cryptocurrency and stocks dipped as the focus turned to the release of the U.S. Federal Reserve’s January meeting minutes later today.  Bitcoin was trading at $23,700 by 11.20 a.m. EST, do...

Coinbase earnings beat thanks to USDC interest income, analysts say

Coinbase’s fourth-quarter revenue beat estimates thanks to USDC interest income, analysts said. Interest income for the quarter came in at $146 million, up more than 100% from the previous...

Diverging World – Strong Labour Markets May Force The Fed To Hike Rates Further

NEW YORK – OCTOBER 07: A trader works on the floor of the New York Stock Exchange October 7, 2008 … [+] in New York City. Despite a government debt buyout plan, the Dow continued to fall t...

Coinbase fourth-quarter revenue beats estimates despite falling 57% year-on-year

Coinbase’s fourth-quarter revenue beat estimates, with the exchange reporting revenue of $604.9 million compared to the $589 million FactSet estimate. Although ahead of expectations, full ...

Coinbase inches higher ahead of earnings as Silvergate slips after downgrade

Coinbase climbed higher shortly after the open today, while Silvergate and other crypto-related stocks dipped.  Shares in the crypto exchange traded up by 1% to about $66 by 10:45 a.m. EST, acco...

Moody’s downgrades Silvergate, with outlook still negative even as big firms buy shares

Moody’s downgraded the ratings of Silvergate Capital and its bank subsidiary Silvergate Bank following the downgrade of its standalone Baseline Credit Assessment to b2 from ba3. Silvergate...

Coinshares reports bitcoin outflows for the first time since December

Markets • February 21, 2023, 9:31AM EST Coinshares reported outflows from digital asset investment products totaling $32 million last week, the largest weekly amount since December.  Outflows ha...

What to watch out for this week in crypto stories

After a week of non-stop crypto regulatory drama, the coming days may hopefully offer some respite. Here are some items to watch out for: Earnings It will be a busy week for full-year earn...

Bitcoin, BNB slide as ether is little changed; crypto stocks rise

Markets • February 17, 2023, 9:53AM EST Bitcoin and BNB fell more than 2% over the past 24 hours, while ether was little changed. Crypto-related stocks were mostly up.  The biggest cryptocurrenc...

TrueFi token clocks triple digit gain as Binance mints TUSD stablecoin

DeFi lender TrueFi’s token, TRU, jumped over 140% shortly after Binance minted $50 million worth of the TrueUSD stablecoin.   Binance minted 49.99 million TRU at around 10 a.m. EST today, ...

Bitcoin reaches $25,000, its highest price since June

DeFi • February 16, 2023, 11:21AM EST Bitcoin was trading at $25,108 by 11 a.m. EST, up 3.1% over the past day, according to TradingView data. That’s its highest price since June 2022. ...

Bitcoin holds firm above $24,000, with crypto prices buoyant as stocks dips

Markets • February 16, 2023, 10:22AM EST Crypto prices continue to climb higher, with bitcoin firmly above $24,000. Equities linked to cryptocurrency and blockchain technology traded down.  Bitc...

Bitcoin price reaches 6-month high above $24,000

Markets • February 15, 2023, 6:02PM EST Bitcoin reached its highest point since Aug. 17, and its drawdown in 2022 might have something to do with it.  The leading cryptocurrency by market cap wa...

Silvergate hurtles back above $20 with crypto stocks in the green across the board

Markets • February 15, 2023, 5:10PM EST Crypto-related stocks soared in trading on Wall Street today. Silvergate, Coinbase, and MicroStrategy led the way with double-digit gains. Silvergate rose...

Robinhood cryptocurrency trading volume jumps 95% in January

Robinhood reported cryptocurrency trading volumes up 95% in January to $3.7 billion from the previous month. Notional Trading Volumes — which are the primary driver of transaction revenues — wer...

Crypto prices higher, Blur token crosses $1 billion in volume in under 24 hours

Markets • February 15, 2023, 1:46PM EST Crypto prices were up across the board, while Blur’s native token clocked huge volumes on its first day of trading.  Bitcoin was up 3.3% over the pa...

Crypto markets rebound as Silvergate soars 16% on Citadel Securities, Susquehanna stakes

Cryptocurrency prices rebounded after yesterday’s decline, when the New York Department of Financial Services announced it will pursue regulatory action against stablecoin provider Paxos. ...

Why Morgan Stanley says you should be paying attention to stablecoins

With U.S. regulators moving to limit stablecoin products, strategists at Morgan Stanley think the broader crypto economy should be paying attention. “Falling stablecoin market capitalizati...

Armistice Capital reports 9.9% stake in miner Stronghold Digital

Hedge fund Armistice Capital took a 9.9% beneficial ownership stake in bitcoin miner Stronghold Digital Mining, according to a filing.  The fund had an existing stake in the company, but it̵...

Susquehanna Advisors Group buys 7.5% stake in Silvergate, following Citadel Securities

Susquehanna Advisors Group reported a 7.5% stake in crypto-friendly bank Silvergate Capital. The Pennsylvania-based finance firm bought over 2.36 million shares in Silvegrate, a filing showed. S...

Citadel Securities takes 5.5% stake in crypto-friendly bank Silvergate Capital; shares rise

Shares in Silvergate Capital jumped after market maker Citadel Securities reported a 5.5% stake in the crypto-friendly bank. Ken Griffen’s firm now owns over 1.7 million shares in the La J...

Crypto markets wrought ahead of US inflation data as regulatory issues steal focus

Crypto markets were roiled by the SEC last week, and now there’s even more uncertainty after the New York Department of Financial Services ordered Paxos to stop issuing BUSD. Next up is U.S. inf...