Bitfinex suggested bitcoin could fall to as low as $40,000 in a bearish scenario. A 25 basis point Federal Reserve cut would be positive for markets, but a higher 50 point move would signal growing concerns of a recession and a deeper correction for risk assets, Bitfinex said in a report. A September price drop would present a buying opportunity with a seasonally strong period ahead,...

BlackRock's latest report shows that bitcoin has a very low correlation to U.S. equities on a trailing six-month basis. Bitcoin is up 22% since the Yen carry trade unwind on Aug. 5, while gold and the S&P 500 are up around 11%. Over 65% of the circulating bitcoin supply has remained unmoved for over a year. Almost all holders are in profit if they held for three years,...

Aptos fell 5.1% while Polygon dropped 4.1% as the Coindesk 20 trended downward. 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 1796.31, down 1.5% (-27.28) since yesterday's close. FOR MORE DETAILS PLEASE CLICK HERE!

NEAR joined Uniswap as a top performer, gaining 5.0%. 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 1955.23, up 1.2% (+22.74) since last Friday's close. FOR MORE DETAILS PLEASE CLICK HERE!

The company will debut its first protocol on the Solana blockchain in early 2025 with more than $100 million in total value locked. Deus X Capital today launched decentralized finance business Solstice Labs. The company's first project will be a protocol that offers all investors enhanced yield opportunities. The protocol will be built on the Solana ecosystem and is expected to...

Crypto Finance Asset Management AG has been renamed as Matrixport Asset Management AG (MAM). Matrixport has acquired Swiss-based Crypto Finance Asset Management AG in all-cash deal. The firm has been renamed Matrixport Asset Management AG (MAM). FOR MORE DETAILS PLEASE CLICK HERE!

Crypto-friendly Revolut is said to be quite far along in creating its own stablecoin, according to two people familiar with the plan. A spokesman for Revolut said the company wants to expand its crypto offerings, taking a compliance-first approach to become a safe harbor for the entire crypto community. Revolut, which snagged a U.K. banking license in recent months, would join other...

G Clay Miller, one of the organizers of the Crypto4Harris group, outlines why he believes that a Harris Administration would be better for digital assets than a Trump presidency. Single-issue crypto voters overwhelmingly support Donald Trump for good reason. The Biden administration’s hostile stance on digital assets is now being attributed to Kamala Harris, and Trump has...

Uniswap Labs, developer of the top-ranked decentralized crypto exchange, Uniswap, says adding its own network will bring faster, cheaper transactions with more liquidity. Uniswap Labs, the developer behind top-ranked decentralized crypto exchange Uniswap, disclosed that it has built a new layer-2 network, which was set to launch on testnet Thursday. The new project was built using...