Commodity-Backed Cryptocurrencies Hit 5-Year Minting Record Over Gold Trade Turmoil
Commodity-backed cryptocurrencies, which are dominated by gold-backed tokens, have seen a historic surge in issuance this week, with minting volumes hitting their highest point in at least five years. The…
Harvard Reports $116M Stake in BlackRock’s iShares Bitcoin ETF in Latest Filing
Harvard Management Company, which oversees the university’s $50 billion endowment, disclosed a $116 million position in BlackRock’s iShares Bitcoin Trust (IBIT) in its latest quarterly filing with the U.S. Securities…
Sui Jumps 4% as Swiss Banks Expand Regulated Access for Institutional Clients
Sui’s (SUI) price rose 4% in the past 24 hours to $3.82 as Swiss digital asset bank Sygnum expanded its offerings to include custody, trading and lending products tied to…
Ether to $4.4K? This Hidden Signal Suggests a Possible Quick Fire Rally
A hidden signal from the derivatives market suggests that ether’s (ETH) rally could intensify, lifting valuations quickly to $4,400. The indicator under consideration is the net gamma exposure of dealers/market…
Swiss Bank Sygnum Launches Regulated SUI Custody and Trading for Institutions
Sygnum, a Swiss digital asset bank, is expanding regulated institutional access to the Sui blockchain with new custody, trading and lending products for its professional clients. The Zurich- and Singapore-headquartered…
Aptos’ APT Rises 7% as Bulls Take Control
Aptos’ APT registered a 7% surge during the last 24 hours, advancing from $4.34 to $4.62, according to CoinDesk Research’s technical analysis model. The model showed that Aptos demonstrated considerable…
With South Korea’s CBDC Plans Dead, KakaoBank Joins Stablecoin Gold Rush
KakaoBank is preparing to enter South Korea’s fast-growing stablecoin sector, according to local reports. In its first-half earnings call on Tuesday, KakaoBank CFO Kwon Tae-hoon said the firm is “actively…
XRP Pushes Through $3 as Ripple-SEC Appeal Decision Looms
XRP rose 3% in the 24 hours through August 7, advancing from $2.91 to as high as $3.02 before closing at $2.98. The move broke through multiple short-term resistance levels…
Crypto Market Cap Halts at $3.7T as Traders Rotate Out, Institutions Double Down on BTC, ETH
The crypto market cap is holding within a tight $3.6 trillion–$3.8 trillion range as traders pull liquidity and shift focus to micro-cap tokens in the first week of August, with…
Bitcoin’s Volatility Disappears to Levels Not Seen Since October 2023
Bitcoin’s (BTC) volatility meltdown continues as the cryptocurrency remains stagnant, with slow price action between $110,000 and $120,000. The cryptocurrency’s 30-day implied volatility, as represented by Volmex’s BVIV index, fell…
