Category: Breaking

Crypto markets lack a clear anchor and are susceptible to continued position adjustments based on traditional finance markets, one analyst said.

The BOJ recently raised rates for the first time in over a decade, destabilizing global markets, including bitcoin.

Layer-1 blockchain Canto has been offline since Saturday following a “consensus issue.” The CANTO token initially dropped by 21% before recovering over the course of the weekend.

Tether, the company behind USDT, the world’s largest stablecoin by market cap, said it will defend itself from “shakedown” litigation brought by bankrupt crypto lender Celsius on Friday.

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Risk assets stabilized as upbeat weekly U.S. jobs data eased recession concerns.

APT gained 3.9% and BCH rose 2.7%, helping to balance out XRP’s losses.

The company said it will use both Ripple USD (RLUSD) and XRP for cross-border payments services.

It’s long past time for critics to look past their biases and recognize the reality of the digital assets industry, say Sheila Warren and Justin Slaughter.

The prevailing “low float, high FDV” model can generate significant initial interest in project but benefits tend to disintegrate in the long-term, says Lava Network’s Ethan Luc.