Cryptocurrency
BIS Study Finds Major Discrepancies in Bitcoin Onchain Metrics
Researchers at the Bank for International Settlements found that estimates of Bitcoin onchain transfer values can vary by as much as sixfold depending on how transactions are measured.The finding concerns onchain Bitcoin transfer values, rather than trading volume on...
Cryptocurrency
Crypto stocks sink after Senate rejects Clarity Act, Coinbase slides nearly 9%
Crypto stocks were a sea of red Tuesday afternoon after the Senate failed to advance the Clarity Act, dealing a major blow to an industry that has spent years — and hundreds of millions of dollars in campaign contributions...
Cryptocurrency
Bitcoin Drops to $75.6K on CLARITY Act Uncertainty and a Fresh Bond-Yield Surge
Bitcoin (BTC) saw month-to-date lows at Tuesday’s Wall Street open as global bond yields spiked and crypto markets awaited a key US Senate vote on the CLARITY Act.Key points:Bitcoin dropped to $75,560, its lowest level so far in September...
Cryptocurrency
Goldman, JPMorgan, BofA, Morgan Stanley and More Expect a Fed Hike Tomorrow
Key TakeawaysNine major Wall Street institutions are expecting a hike this week.CME Fedwatch priced an 87.3% chance of a quarter-point hike at the Fed’s Sept. 16 decision.Bitcoin’s price is hovering near $76,700 today after shorts lost $100 million in...
Cryptocurrency
CLARITY Act Odds Sink Amid Democratic Opposition to GOP Deal
Odds of the CLARITY Act becoming law this year on Polymarket fell sharply again on Monday after spiking the day before, as key Senate Democrats reportedly said they had not been swayed by Republicans’ “final” crypto bill proposal. Polymarket traders...
Cryptocurrency
Balancer Proposes Wind-Down After Revenue Falls Short
Balancer, a decentralized exchange and automated market maker, has proposed winding down the protocol after its post-exploit restructuring failed to generate enough revenue, with its leader saying he underestimated how much a $128 million exploit in November would continue...
Cryptocurrency
Kraken Lets xStocks Holders Earn Yield Through DeFi
Crypto exchange Kraken has launched onchain yield vaults for select tokenized stocks and ETFs, allowing clients to earn returns by lending the assets through decentralized finance protocols, according to a Monday announcement.The new xStocks vaults support tokenized versions of...
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Brazil presidential election heads to runoff after Bolsonaro and Lula fail to win majority vote
Sen. Flávio Bolsonaro, an ally of President Trump, and Brazil's veteran President Luiz Inácio Lula...