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Crypto majors zoomed higher in the past 24 hours as the market entered a widely expected bullish year, with bitcoin (BTC) inching above $95,000 to shake off losses from last week. A CoinDesk analysis from Tuesday flagged unusually high trading volumes for XRP stemming from South Korean exchanges,…

Traders are no longer chasing upside in Nasdaq-listed MicroStrategy (MSTR), a leveraged play on bitcoin (BTC), signaling a cautious shift in market sentiment. MSTR’s 250-day put-call skew, which shows the difference in implied volatility between puts (options to sell) and calls (options to buy), has bounced to zero…

KuCoin has introduced a feature for merchants to allow customers to pay for purchases directly from their account on the crypto exchange. Merchants can integrate the tool, called KuCoin Pay, into their payment systems. Customers pay by scanning a QR code or using the KuCoin app, the exchange…

Since U.S. President-elect Donald Trump’s convincing election victory two months ago, the dollar has strengthened more than 3% against its peers, matching its trajectory after his previous win in 2016. Last time round the DXY Index, which measures the currency’s value against a basket of the U.S.’ major…

Tether’s USDT, the world’s leading dollar-pegged stablecoin, has experienced the sharpest weekly decline in market value in two years, spurring market volatility concerns. USDT’s market cap slid more than 1% to $137.24 billion this week, the most significant decline since the crash of the FTX exchange in the…

Infrastructure providers, such as Northern Data (NB2), are well positioned to benefit from the growing demand from artificial intelligence (AI) and high-performance computing (HPC) firms, broker Canaccord Genuity said in a report Thursday initiating coverage of the stock. Canaccord assumed coverage of the shares with a buy rating…

The T3 Financial Crime Unit, a collaboration between the Tron blockchain, stablecoin issuer Tether and blockchain intelligence company TRM Labs, said it has frozen a total of 100 million of Tether’s USDT used by illicit actors since the unit was formed in September. The venture analyzed millions of…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3536.7, up 3.8% (+130.21) since 4 p.m. ET on Wednesday. 18 of 20 assets are trading higher. Leaders: RENDER (+7.8%) and SOL…

On Nov. 6, I wrote a memo to EY’s blockchain leadership team. The headline was simple: “Every single private blockchain just died.” Since November 2022, the crypto and blockchain markets have been defined by caution and gradual recovery. The direction has been consistent and positive, but slow, especially…