What to know: The assuaging of inflation concerns clears the way for bitcoin to set record highs as Trump’s swearing-in nears, 21Shares said. Asymmetric price discovery likely on potential hints of creation of a strategic bitcoin reserve on day one, Two Prime noted. Market maker Wincent expects 10% price swings in major coins, including BTC. … Read more
What to know: Bitcoin exceeded $100,000 for the fourth time. The U.S. presidential inauguration on Jan. 20 could be the catalyst for bitcoin to break out of its channel. Futures open interest continues to drop for bitcoin from the Dec. 19 high. On a Wednesday, the value of Bitcoin (BTC) momentarily surpassed $100,000 for the … Read more
What to know: The investment completes Komainu’s Series B fundraising and will be used to fund international expansion. Blockstream’s CEO and co-founder Adam Back will join Komainu’s board of directors As a researcher, I’m sharing some exciting news about a collaborative project called Komainu. This venture, a partnership between Nomura, Ledger, and Coinshares, has successfully … Read more
What to know: By Omkar Godbole (All times ET unless indicated otherwise) Cryptocurrencies have seen a surge in value over the past day due to the lower-than-expected U.S. core inflation rate reported on Wednesday, which eased fears about aggressive Federal Reserve actions. However, this upward trend seems to be losing steam now. After the release … Read more
What to know: Crypto exchange Coinbase is adding bitcoin-backed loans to its U.S. product offerings through the Morpho platform. Borrowers will post sizable amounts of collateral rather than rely on their credit score for access. The new setup feeds the Coinbase flywheel at every step. Coinbase, through its COIN stock, plans to incorporate Bitcoin-collateralized loans … Read more
What to know: The market is currently pricing a 90% rate hike from the Bank of Japan for the meeting on Jan. 24. Japan’s headline inflation year-over-year is at 2.9%, with an inflation print the day before the interest rate decision. The Japanese Yen is at 156 against the U.S. dollar, the strongest in a … Read more
CoinDesk’s Daily Market Overview showcases the day’s results for top performers and underperformers within the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3878.91, up 3.6% (+133.71) since 4 p.m. ET on Wednesday. Thirteen of 20 assets are trading higher. Leaders: HBAR (+17.0%) and LTC (+13.0%). Laggards: ETH (-3.4%) and UNI (-1.4%). The … Read more
TL:DR; Ripple’s cross-border token has stolen the show once again as its price shot up to $3.2 for the first time in over seven years. At the same time, analysts have turned highly bullish, with predictions of up to $10 per token during the ongoing cycle. Keep in mind that the value of this asset … Read more
On Reddit, Plus_Astronomer1789 initiated a discussion by disclosing their circumstances. Their brief message sparked a multitude of replies. This freelance artist is more than just an ordinary one; they are highly respected for their contributions to popular video games. GameDevKiri added excitement to the digital conversation with an excited “Omg you created Rufus??? No way!”, indicating that this artist’s work has left avid gamers amazed and starstruck. It wasn’t just a casual compliment; it expressed genuine admiration for the artistry behind characters that have captivated players for years. The fact that this artist can evoke nostalgia while also seeking new projects showcases their enduring influence on the gaming community.
TL;DR The meme coin sector surged in the past 24 hours, with its market cap touching 120 billion. DOGE and SHIB are well in the green, but some of their rivals have outperformed them in terms of daily gains. Trump-themed coins, including MAGA and MAGA HAT, also rallied amid hype surrounding the Republican’s upcoming inauguration. … Read more