Coinbase (COIN), the leading digital assets platform in the U.S., is well positioned to benefit from the enactment of the crypto market structure bill introduced in the House of Representatives earlier this month, broker Benchmark said in a research report Monday. Benchmark raised its Coinbase price target to $421 from $310 and reiterated its buy…
Ethereum has dropped 17% since Friday, breaking down from the long-standing range that held firm since early May. The sharp sell-off came after news broke of US airstrikes targeting Iranian nuclear facilities, sending shockwaves across global markets and sparking panic selling in risk assets. ETH was no exception, plunging below multiple support zones before finding…
The Gains Network (GNS) token price has dropped 19.3% today after a 31% weekly rally. Rising Bitcoin dominance has fueled an altcoins’ weakness and retail sell-offs. The ongoing GNS burn vote is key to GNS’s next move, with the current support being at $1.39. Gains Network (GNS), a popular decentralised derivatives trading protocol on Arbitrum,…
Fiserv, a Fortune 500 payments and fintech giant that processes 90 billion transactions annually, unveiled plans on Monday to launch a new digital asset platform and stablecoin, joining a roster of traditional financial firms rushing to capitalize on the stablecoin boom. The FIUSD stablecoin, planned to debut later this year, will be available to Fiserv’s…
Grant Cardone, the well-known real estate investor, has announced that his firm, Cardone Capital, has added 1,000 BTC to its balance sheet. “CardoneCapital adds 1,000 BTC to balance sheet becoming first ever real estate/BTC company integrated with full BTC strategy combining the two best in class assets,” said Cardone in an X post. At current…
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 2789.42, down 4.4% (-127.06) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: BTC (-1.8%) and LTC (-1.9%). Laggards: UNI (-11.4%) and ICP…
The price of Movement (MOVE) has rebounded 22.4% after bottoming at $0.1107. Buybacks and tightening supply are the primary factors behind the rebound. Niza Exchange listing has also boosted the token’s visibility and demand. Movement (MOVE) has emerged as one of the top crypto gainers today following a sharp correction. After bottoming out at a…
The XRP price could be preparing for a historical rally, as a prominent crypto analyst has boldly predicted that the cryptocurrency could reach a fresh cycle top between $20 and $30. The forecast, which presents a massive upside for the altcoin, is based on the Elliott Wave Theory—a key technical analysis tool. XRP Wave Map…
Bitcoin Magazine Genesis Digital Assets Limited Acquires 1000 Air-Cooled Miners to Mine Bitcoin Today, Genesis Digital Assets Limited (GDA), one of the largest Bitcoin mining companies in the world in terms of hash rate, has announced it has entered a purchase agreement with Auradine, a Silicon Valley-based provider of blockchain and AI infrastructure solutions. In…
Bitcoin Magazine Strategy Buys $26 Million Worth Of Bitcoin Strategy has purchased an additional 245 Bitcoin for approximately $26 million, continuing its steady accumulation strategy despite recent market volatility triggered by geopolitical tensions. According to an SEC filing on June 23, the company acquired Bitcoin at an average price of $105,856 per coin during the…
