Coinbase is back in the lending game, offering Bitcoin-backed loans through its innovative Ethereum layer-2 solution, Base, just as Bitcoin’s value surges. This significant move comes nearly two years after Coinbase ceased its Borrow service, indicative of changing market dynamics and heightened customer demand for crypto-backed financial products. “The loans will be collateralized at 133% … Read more
Scott Bessent believes a CBDC is only for countries that have no other investment alternatives He adds that many countries are only issuing CBDCs “out of necessity” Scott Bessent, President-elect Donald Trump’s pick for US Treasury Secretary, has said he sees “no reason” for the US to have a central bank digital currency (CBDC). Bessent … Read more
Cardano (ADA) is on the verge of a significant price rally, fueled by recent upward momentum and promising market indicators. The altcoin has achieved a noteworthy 30% increase since the beginning of the year, consolidating above $1 for the first time since April 2022, which suggests strong bullish sentiment. As veteran trader Peter Brandt stated, … Read more
In a recent conversation with Fundstrat’s head of digital asset strategy, Sean Farrell, it was posited that bitcoin could climb to $175,000 within the year. This statement came shortly after the firm’s co-founder, Tom Lee, asserted on CNBC that bitcoin is poised to be the top-performing asset of the year. Farrell’s Forecast: Bitcoin to Breach … Read more
XRP surges to an impressive $3.39, exceeding its 2018 peak and indicating a significant recovery in the cryptocurrency market. Ripple’s recent price movement has invigorated investor confidence, with XRP gaining over 15% in a single day. “XRP has seen a dramatic turnaround, with many analysts citing a potential altseason on the horizon,” noted crypto influencer … Read more
The top crypto exchange by trading volume in the United States is launching a new Bitcoin (BTC)-backed loan program for US clients. In a new announcement to the social media platform X, Coinbase says users will be able to borrow USDC against BTC with the new program. “Bitcoin-backed loans are here. Borrow USDC against bitcoin, … Read more
Is this the ultimate top signal? Plans for a new “Crypto Tower” have been unveiled in Dubai, with indulgent features that scream peak bull market. The 17-storey building is set to feature a gold bullion shop, an exotic car dealership, and an exclusive club for “premium networking.” This will sit alongside 150,000 square feet of … Read more
Recent market movements have sparked interest in the underlying dynamics affecting altcoins, as highlighted by analyst insights into reflexivity and market swings. As trading strategies evolve, understanding how altcoins react to macroeconomic trends is becoming critical for investors in the cryptocurrency space. Matt Mena from 21Shares emphasized that macroeconomic conditions significantly amplify the volatility of … Read more
The total trade activity on centralized exchanges reached an all-time high of $11.3 trillion, up 7.58%, according to the report by CCData. Record Numbers for Spot and Derivatives Trading The overall spot and derivative trading volume for centralized crypto exchanges (cexes) hit a record high of $11.3 trillion in Dec. 2024. According to market data … Read more
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Multicoin Capital was one of Solana’s early investors. Now it’s trying to change the network’s inflation mechanism. The Austin, Texas-based firm published a Solana Improvement Document this morning that would change SOL emissions from the current fixed schedule to a market-based solution. … Read more