Why Did Visa Buy a $150K NFT? Why Does Anyone?

Why Did Visa Buy a $150K NFT? Why Does Anyone?
There are some very good reasons, it turns out, rooted in our deep, totally irrational animal brains.

US Stablecoin Regulation Could Lead to Geopolitical Competition

US Stablecoin Regulation Could Lead to Geopolitical Competition
Recent regulatory developments could push stablecoins closer to the existing fiat system, unleashing competition for control over a lifeblood of the crypto industry, says our columnist.

Parsing 3 Types of Risk in Digital Assets

Parsing 3 Types of Risk in Digital Assets
In digital assets, high yields are ubiquitous, but it’s not always clear what risks are actually taken to generate these yields, says our columnist.

Crypto Volatility Index 2.0 Rolled Out With USDC Support

Crypto Volatility Index 2.0 Rolled Out With USDC Support
Users can now open USDC positions and stake CVI USDC through the index.

Market Wrap: Bitcoin Expected to Pause Before Next Rally

Market Wrap: Bitcoin Expected to Pause Before Next Rally
Analysts expect bitcoin to pause at around $40K before its next leg up.

Traders, Unswayed by Axie Infinity Hype, Are Aggressively Shorting AXS

Traders, Unswayed by Axie Infinity Hype, Are Aggressively Shorting AXS
Data underscores that It’s not that easy to win over a crypto trader’s heart.

How Decentralized Is DeFi?

How Decentralized Is DeFi?
Uniswap’s removal of a set of assets from its interface has the community asking just how decentralized is the platform.

Market Wrap: Bitcoin Stalls After Short-Squeeze Rally

Market Wrap: Bitcoin Stalls After Short-Squeeze Rally
Technical data suggests lower support around $34,000 could stabilize the current pullback.

Why Stablecoins Are Suddenly in the News

Why Stablecoins Are Suddenly in the News
From questions surrounding Tether's USDT to Circle's plan to go public, here is your guide to why everyone is suddenly talking about stablecoins.

Crypto News Roundup for July 27, 2021

Crypto News Roundup for July 27, 2021
With the crypto markets stabilizing after a recent short squeeze and a look at how crypto developers are spending more time optimizing than innovating, CoinDesk’s Markets Daily is back with the latest news roundup.

Bitcoin, Ether Options Markets Pare Bearish Bias

Bitcoin, Ether Options Markets Pare Bearish Bias
The short-term put-call skews have pulled back due to a flurry of call buying.

State of Crypto: Congress Is Holding 3 Hearings Today, Here’s What to Expect

State of Crypto: Congress Is Holding 3 Hearings Today, Here’s What to Expect
Congress is holding three simultaneous hearings around cryptocurrencies today – and they're all on different types of use cases.

Crypto Fintech Eco Raises $60M for High-Yield USDC Savings App

Crypto Fintech Eco Raises $60M for High-Yield USDC Savings App
The a16z-backed Eco, where users’ deposits are loaned out in USDC, says it’s keeping an eye on the BlockFi case.

Solana’s Saber Labs Raises $7.7M in Seed Funding Round Led by Race Capital

Solana’s Saber Labs Raises $7.7M in Seed Funding Round Led by Race Capital
Funding will go toward three main areas including hiring, marketing as well as business and product development.

Bitcoin Takes a Breather as Stocks Drop, Inflation-Adjusted Bond Yields Hit Record Low

Bitcoin Takes a Breather as Stocks Drop, Inflation-Adjusted Bond Yields Hit Record Low
Deep negative real returns on bonds tend to boost the attractiveness of other assets.

The Tether Put: Crypto Equivalent of Credit Default Swap?

The Tether Put: Crypto Equivalent of Credit Default Swap?
Cryptocurrency market makers say they're fielding inquiries about how to bet on a falling price for the dollar-pegged stablecoin USDT.

Market Wrap: Possible Trend Reversal as Bitcoin Spikes Past $40K

Market Wrap: Possible Trend Reversal as Bitcoin Spikes Past $40K
The strong bounce in bitcoin over the weekend occurred as shorts covered positions.

Tether’s Collapse Would Be Chaotic, Not Cataclysmic

Tether’s Collapse Would Be Chaotic, Not Cataclysmic
Possible criminal charges against Tether executives will put even more pressure on a product that the market is already cooling on.

Bitcoin Climbs Past $40K for First Time Since Mid-June

Bitcoin Climbs Past $40K for First Time Since Mid-June
Market analysts say Monday's price gains accelerated amid a short squeeze.

Bitcoin Spike Fueled by Short Squeeze as Market Shrugs Off Tether News

Bitcoin Spike Fueled by Short Squeeze as Market Shrugs Off Tether News
According to one analyst, some $1 billion in trading positions were liquidated as prices surged.

USDT Maintains Dollar Peg as Traders Shrug Off DOJ Tether Probe Report

USDT Maintains Dollar Peg as Traders Shrug Off DOJ Tether Probe Report
Unlike past scares, Monday’s report of a Department of Justice investigation hasn’t shaken traders’ faith in the stablecoin.