Stablecoin Tether’s Increasing Dominance Is Bad for Crypto Markets, JPMorgan Says – Crypto News
Other stablecoins such as USD Coin may benefit from the coming regulatory crackdown and gain market share, the report said. Source link
Prediction Markets Can Hedge Crypto Startups’ Regulatory Risk, Paradigm Says – Crypto News
In a friend-of-the-court brief filed Thursday, Paradigm, which is not an investor in Kalshi, argued that such contracts could help businesses, including cryptocurrency startups, hedge their risks while producing positive spillover effects for the general public. Source link
From Speculation to Fundamentals: A New Paradigm for Crypto Markets – Crypto News
New markets take time to mature and crypto is no different. The next stage will see more attention given to fundamental metrics and better data will drive the change, says Michael Nadeau, founder of The DeFi Report. Source link
Markets ‘Too Optimistic’ About Federal Reserve Interest-Rate Reductions in 2024: JPMorgan Asset Management – Crypto News
Expectations of lower rates became widespread as inflation receded in 2023 and the Fed hinted at a pivot to rate cuts at its December meeting. According to the Fed funds futures market, traders are anticipating 140 basis points of rate cuts this year,
Mango Markets (MNGO) Faces Regulatory ‘Inquiry’ Ahead of Eisenberg Crypto Fraud Trial – Crypto News
The decentralized crypto exchange (DEX) is facing "inquiries" in the United States stemming from that October 2022 heist, according to posts in the project's Discord server. Now the DEX's governing body, called MangoDAO, is voting on whether to appoint a representative who can
Crypto Asset Manager HashKey Capital Secures Capital Markets Services License From Singapore Central Bank – Crypto News
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What Prediction Markets Are Forecasting for Crypto in 2024 – Crypto News
A big caveat here is that the trading volumes on these niche questions are small – in the thousands of dollars for each of the markets mentioned above. One reason may be that Polymarket is not allowed to serve U.S. residents under a
JPMorgan Cautious About Crypto Markets in 2024 – Crypto News
Cathie Wood’s investment firm, ARK Invest, offloaded a sizeable chunk of Coinbase as the shares of the Nasdaq-listed crypto exchange rose to a 20-month high on Wednesday. ARK sold 283,104 shares worth $42.6 million based on Coinbase’s last close of $150.46. The firm
JPMorgan Is Cautious About Crypto Markets Into 2024 – Crypto News
While there has been some improvement in decentralized finance (DeFi) activity, the “biggest disappointment continues to be the inability of DeFi to encroach into the traditional financial system, which is necessary for the crypto ecosystem to transition from crypto native to real world
Markets rethink Fed rate cuts as Bitcoin circles $44K on US jobs data – Crypto News
Bitcoin (BTC) tapped $44,000 after the Dec. 8 Wall Street open as United States employment data shrunk market bets on interest rate cuts.BTC/USD 1-hour chart. Source: TradingViewBitcoin holds firm as jobs data unsettles U.S. dollarData from Cointelegraph Markets Pro and TradingView covered the