Author: driver789
Industry representatives saw the crypto market structure bill’s proposed yield language on March 23 and 24. The internet — at least X (formerly Twitter) — was unhappy, but it may not matter much.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeWe* have new language outlining how the crypto market structure bill could address stablecoin yield.*Only some people have seen the language, though it should be released for public consumption and review next.Why it mattersSenator Cynthia Lummis (R-Wyo.) said earlier this month that she expected…
Santiment data shows that bearish sentiment language is flooding social media at peak levels. However, this might actually be a good thing for smart bullish investors, as the sentiment data proposes that what retail traders are saying may be setting up the opposite move in price. Social Media Fear Shows Fading Bullish Language Data from Santiment’s social dominance tracking tool shows a vivid rise in bearish language dominating Bitcoin-related discussions on social media platforms. Terms like “crash,” “dip,” “pullback,” and “bloodbath” are now appearing more frequently across social platforms, and this is a direct reflection of the fear among retail…
Opinion by: Kevin Loaec, CEO of WizardsardineFor decades, institutions have followed a familiar pattern when managing assets. They choose a large, regulated custodian. Then, institutions transfer responsibility. Institutions rely on the assumption that scale, compliance and insurance equate to safety.In traditional finance, this approach holds. Transactions are reversible, central banks provide backstops and regulators can intervene. When something breaks, there are mechanisms to absorb, unwind or redistribute the damage.Bitcoin changes those assumptions completely because it is a bearer asset. Control is defined by cryptographic keys, and not account credentials. Every single transaction is final. There is no authority that can…
Ethereum whales are now back in profit as the ETH price continues to climb, defying the broader market downtrend. Data from the on-chain analytics platform CryptoQuant indicate that these whales are investors with wallets holding over 100,000 ETH. The sudden move into profitability raises the question of whether these large-scale investors will hold their positions or sell immediately, as key historical chart patterns signal a potential price surge for ETH in the coming months. Ethereum whales are reportedly back in the green after sitting on a pile of paper losses following ETH’s persistent price decline this year. According to CryptoQuant,…
Strategy (MSTR), the largest publicly traded holder of bitcoin, did not seem to have increased its BTC position last week.Executive Chairman Michael Saylor usually signals upcoming purchases on X each Sunday, followed by a detailed update around 8 a.m. ET on Monday. There was no customary Sunday “Orange Dot” post to signal a purchase. Instead, Michael Saylor posted about the company’s perpetual preferred equity offering, Stretch (STRC) instead. The apparent pause snaps a streak of roughly thirteen consecutive weekly purchases that began in late December, acquiring 90,831 BTC in the process. According to the company’s dashboard, the Tysons Corner, Virginia-based…
Joao Wedson, popular market analyst and founder of analytics platform Alphractal, has shared a cautionary insight on the Bitcoin market involving potential developments with the Binance exchange reserves. Binance BTC Reserves In Danger – Possible Deep Bear Market? The Bitcoin market has remained in a bear phase for the last six months, marked by geopolitical tensions and macro uncertainties. During this time, the premier cryptocurrency has struggled to establish any sustained uptrend while constantly absorbing waves of corrective price action. In the most recent wave, Bitcoin prices returned to around $65,000, resulting in a net loss of 5.14% in the…
Developers from Gnosis and Zisk, with backing from the Ethereum Foundation, have proposed a new framework aimed at unifying Ethereum’s fragmented layer-2 ecosystem by enabling rollups to interact seamlessly with each other and the mainnet in a single transaction.According to an announcement shared with Cointelegraph, the proposed “Ethereum Economic Zone” (EEZ) would allow smart contracts on different rollups to execute synchronously across networks without relying on bridges.The initiative targets a key trade-off in Ethereum’s scaling strategy, where dozens of layer-2 networks have improved throughput but split liquidity, infrastructure and user activity across separate environments.If implemented, the framework would let applications…
Data shows the Ethereum Coinbase Premium Index has stayed inside the negative territory even as the price has climbed back above $2,100. Ethereum Coinbase Premium Index Is Red Right Now As pointed out by Arab Chain in a CryptoQuant Quicktake post, the Coinbase Premium Index has been in the red zone for Ethereum recently. This indicator keeps track of the percentage difference between the ETH price listed on Coinbase (USD pair) and that on Binance (USDT pair). Below is a chart that shows the trend in the Ethereum Coinbase Premium Index over the past month. As is visible in the…
When a tourist from Bangkok taps to pay in Singapore using their Thai e-wallet, few stop to consider what powers that transaction. But for Singapore-based StraitsX, the company behind the stablecoin infrastructure running in the background, that seamless experience is exactly the point.Between the fourth quarter of 2024 and the same period in 2025, StraitsX saw its card transaction volume surge by 40 times, the company’s co-founder and CEO Tianwei Liu told CoinDesk.The number of cards issued grew even faster, increasing 83-fold. That data points to one of the fastest-growing stablecoin card programs in Southeast Asia.Those multiples, while striking, come…
A massive token unlock scheduled for late July could make things worse. Related Reading Thailand authorities raided an iris-scanning site tied to Sam Altman’s World project last October. That was trouble enough. Now the foundation behind the biometric identity platform is selling its own token at a fraction of what investors paid less than a year ago — and the market is not taking it well. World Foundation disclosed Saturday that its token issuance arm, World Assets, completed an over-the-counter sale of WLD tokens worth $65 million, spread across four buyers over the past week. The first batch settled on…