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This Is Why Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs

By Frank Barberetta | June 21, 2024

Constantly diluting supply with token unlocks, selling pressure from venture funds, lack of fresh inflows to crypto and seasonal trends all contributed to the brutal drawdown in altcoin prices.

McKinsey Sees Just $2T of Tokenized RWAs by 2030 in Base Case, With Broad Adoption ‘Still Far Away'

By Frank Barberetta | June 21, 2024

Tokenization adoption will happen in waves led by assets such as mutual funds, bonds, loans, McKinsey said in a report.

Billionaire Tech CEO Michael Dell Signals Bitcoin Interest Via Michael Saylor Retweet

By Frank Barberetta | June 21, 2024

Michael Saylor and Dell engaged in a brief back-and-forth on X on Friday morning.

Bitcoin Slumps Under $64K Amid Historic ‘Negative’ Sentiment

By Frank Barberetta | June 21, 2024

Dismal bitcoin price action has apparently caused crowd sentiment for four straight weeks, a sign that may spell relief for bulls in the near term.

Cosmos DAO Osmosis to Adopt Fee-Free Bitcoin Bridge

By Frank Barberetta | June 21, 2024

Osmosis is achieving this through a revenue-share proposal with Bitcoin bridge Nomic.

Meme Coin Liquidity Hits Record High Even as Bid-Ask Spread Spotlights Risk

By Frank Barberetta | June 21, 2024

Generally, increased liquidity leads to a tighter bid-ask spread, but that's not the case with meme coins.

First Mover Americas: Bitcoin Falls Below $64K Following $900M in ETF Outflows

By Frank Barberetta | June 21, 2024

The latest price moves in bitcoin (BTC) and crypto markets in context for June 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

U.S. Lawmakers Visit Detained Binance Exec in Nigeria, Call for Release

By Frank Barberetta | June 21, 2024

The two House members said Tigran Gambaryan is being wrongfully detained and should be freed.

Standard Chartered Is Building a Spot BTC, ETH Trading Desk: Bloomberg

By Frank Barberetta | June 21, 2024

Standard Chartered would become one of the first global banks to enter spot cryptocurrency trading.

Bitcoin ETFs Post $900M in Net Outflows This Week

By Frank Barberetta | June 21, 2024

Thursday marked the fifth straight day of net outflows for the U.S.-listed ETFs in their worst performance since mid April.

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