Your essential daily read: our featured Story of the Day highlights the most impactful development across crypto, blockchain, or regulation—curated for urgency, significance, and insight. Don’t miss what moves the market today.
The banking sector came under severe pressure as US-based Archegos Capital had to liquidate $20 billion worth of stocks owing to some of the over-leveraged positions.
Bitcoin price is highly correlated with the stablecoin market, thus making Visa Inc’s USDC incorporation key to the future of the crypto industry.
Cuy Sheffield, who is the head of the crypto at Visa, said that the increased demand from their customers to use and hold cryptocurrencies made them build the current features.
Bitcoin price dipped approximately 6.6% in the past 24-hours according to metrics provided by CoinGecko.
The US Treasury Secretary Janet Yellen said that the banks are in a healthy condition and could pay dividends and repurchase stocks. The Biden administration is further mulling a $3 trillion stimulus for economic recovery.
To achieve the targeted $100 billion valuation, DiDi should secure $10 billion from selling 10% of its shares.
$3 trillion is the minimum sum the Biden team will spend within the initiative. Since the package includes several tax incentives, its cost could approach $4 trillion.
According to Tesla CEO Elon Musk, people who want to buy Tesla cars can now pay for vehicles in Bitcoin (BTC).
Many analysts believe that this move by Microsoft should be viewed as a strategic one.
Coinbase’s highly anticipated direct listing has been postponed, say sources. The public offering will arguably be one of the most critical moments in the crypto world.
According to OpenSea, the NFT marketplace they manage has no items belonging to the company.
As tech shares decline due to higher interest rates, bank stocks are rather benefiting from the rise.
The Fed chairman said that it will continue with its monetary easing policy through 2023 with no major hikes in interest rates. BTC price gained 6% post Powell’s comments.
Sources familiar with the matter said that the banking giant is willing to offer its wealth management exposure to Bitcoin via some products instead of direct ownership.
A successful Coinbase listing may result in further Bitcoin rally with the embrace of Coinbase into traditional markets being regarded as a wider acceptance of the crypto assets.