Author: Kryptonews

Bitcoin BTC$67,840.06 ETF holders and corporate treasuries – the players everyone praises for their long-term vision – are stacking insurance against price crash below $60,000, cryptocurrency exchange Deribit told CoinDesk.”ETF holders and corporate treasuries are buying 6-month and 1-year puts at $60k or below ($60,000 put, a derivative contract offering protection against potential price slide below that level) as portfolio insurance,” Jean-David Péquignot, chief commercial officer of derivatives exchange Deribit.This put option works like insurance: It lets buyers sell bitcoin at $60,000 even if the price crashes lower, shielding ETF investors and corporate treasuries with BTC from steeper losses while…

Bitcoin investors could finally be taking a break from selling, relieving some downward pressure on Bitcoin — though months of consolidation will likely lie ahead, says analyst Willy Woo.“This bearish sell-down by investors seems to have exhausted,” said Woo on X on Friday. This gives the price “a reprieve to consolidate sideways for maybe a month,” or even a rebound to the mid $70,000 level, “which would likely be rejected,” he said. Bitcoin (BTC) prices have been range-bound between $60,000 and $70,000 for the past three weeks, and fell below $67,000 briefly in late trading on Thursday.Woo said his “educated guess”…

The price of Chainlink ($LINK) rebounded over 14% on Wednesday in a spectacularly quick comeback.LINK traded at bottoms of $8.20 in the early morning hours of Tuesday UTC, according to Coingecko data. However, over the next 24 hours it rapidly shot up 14% to reclaim the $9.35 level, briefly going all the way up to $9.50 before dipping to its current price around $9.25.This means LINK is trading around its highest price point since February 5. The sudden upward move is driven by a dual catalyst: a major integration with the Canton Network for real-world asset (RWA) tokenization and sustained…

Rena Bransten, an art dealer whose gallery was a fixture of the San Francisco art scene for over 50 years, died Wednesday at the age of 92. Bransten died following a fall after a recent heart attack, her daughter, Trish, told the San Francisco Chronicle. Bransten’s eponymous gallery was founded in 1975 as the successor gallery to Quay Ceramics, which Bransten and Ruth Braunstein launched the year prior. Originally located in a 3,400-square-foot space in Union Square, the gallery became known for elevating artists from California, with a particular emphasis on women artists and artists of color. Related Articles Among…

Real estate mogul Grant Cardone is preparing to tokenize his firm’s $5 billion real estate portfolio, the latest property heavyweight to explore blockchain-based ownership.In a Thursday X post, the investor said that Cardone Capital plans to tokenize its holdings to give investors “collateral and liquidity in the secondary markets.” He added that the firm aims to become a market leader in tokenizing assets at scale.Cardone Capital manages multi-family and commercial properties across the U.S. In January, CoinDesk reported that Cardone was planning to use real estate cash flow to buy bitcoin BTC$67,467.11 as part of a long-term crypto strategy. The…

MARA Holdings shares jumped 17% after the bitcoin mining firm announced Thursday a partnership with Starwood Capital Group to build large data centers across its existing U.S. sites.The agreement will convert select MARA locations, many of which were originally developed for Bitcoin mining, into facilities serving enterprise cloud and artificial intelligence customers.Starwood, which manages more than $125 billion of assets, will lead design, construction and tenant sourcing through its data center arm, Starwood Digital Ventures. The partners expect to deliver about 1 gigawatt of computing capacity in the near term, with plans to scale beyond 2.5 gigawatts over time. The…

Whether you’re a beginner seeking a simple interface or an experienced investor in the US looking for advanced trading tools, picking the right platform is essential for your crypto journey. This is because, out of the hundreds of exchanges available, most limit access to traders in the United States due to regulatory constraints.Aside from compliance issues, the exchanges available to US residents differ in fees, supported cryptocurrencies, state availability, and security measures. Hence, in this guide, we break down the key features, fee structures, and pros and cons of the top US crypto trading platforms to help you make informed…

Update (Feb.27, 1:25 Am UTC): This article has been updated to include more information on Block’s job cuts and earnings results. Jack Dorsey’s payments company Block is set to cut around 40% of its staff in a major shake-up, a decision the co-founder attributed to the rapid acceleration of AI at the company. “We’re already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company, and that’s accelerating rapidly,” wrote Dorsey in a letter to the company,…

The market capitalization of stablecoins consists of the combined value of different stablecoins whose performance remains productive throughout the day. There is a list of top stablecoins that have reached a very attractive figure in market cap based on 24-hour volume. One of them has made a significant contribution to the stablecoin market capitalization. Top stablecoins by market capitalization contain Tether ($USDT), USD Coin ($USDC), Ethena USDe ($USDe), Dai ($DAI), World Liberty Financial USD ($USD1), PayPal USD ($PYUSD), Falcon USD ($USDf), Global Dollar ($USDG), and Ripple USD ($RLUSD). TOP #STABLECOINS BY MARKET CAPITALIZATION TOTAL #STABLE MARKET CAP – $315.33B STABLE…

Ulysses Jenkins, a muralist, performer, and trailblazer of video art, has died at 80. His death was confirmed by the Hammer Museum in Los Angeles, his hometown and first collaborator in a lifelong examination of the connective and destructive potential of mass media. The museum mounted a retrospective of Jenkins’s work in 2022, titled “Without Your Interpretation,” and wrote in a remembrance shared on social media that he was “a true video griot whose work and spirit touched many.” It added that members of the Los Angeles community are organizing a memorial, with details forthcoming. Related Articles Jenkins was born…