Tech investor Chamath Palihapitiya highlighted the rising dominance of stablecoins in the global financial system Tuesday, deeming them one of the hottest cryptocurrency narratives besides Bitcoin (CRYPTO: BTC).
The global cryptocurrency market capitalization stands at $2.93 trillion, showing a 1.04% decrease over the last day. Bitcoin‘s (CRYPTO: BTC) market dominance currently sits at 63.39%, reflecting a slight 0.01% daily decline.
U.S. equity markets are coming off a three-day rally, but escalating trade tensions and increasing uncertainty between the US and China have capped momentum.
The proposed merger with Twenty One Capital positions Cantor as a potential institutional gateway to Bitcoin exposure, with the combined entity to be majority-owned by Tether and backed by Bitfinex and SoftBank.
Crypto-linked equities extended their rally in pre-market trade on Wednesday, with gains in Strategy, Cipher Mining, Robinhood, and other stocks building on Tuesday’s strong performance.
After Monday’s broad-based sell-off — triggered by renewed pressure from President Donald Trump on Federal Reserve Chairman Jerome Powell, raising concerns over the integrity of central bank independence — Wall Street bounced back with strength on Tuesday, buoyed by upbeat signals from the corporate earnings sea
The now-bankrupt Bed Bath says Cohen and his RC Ventures bought and sold a more than 10% stake within six months, making them liable as insiders to repay "short-swing" profits or about $47.2 million.
Stocks in the U.S. were trading sharply lower by midday Monday, while gold and Bitcoin (CRYPTO: BTC) surged in tandem, as a renewed political storm surrounding Federal Reserve independence shook confidence in the U.S.
Strategy remains the largest corporate holder of Bitcoin by a wide margin, with 538,200 Bitcoin in its treasury holdings after its latest purchase of the apex cryptocurrency.
