Markets Outlook

With bitcoin's record-breaking run above $10,000 and Twitter talking blockchain strategy, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Bitcoin Has Been Less Volatile Than Tesla Stock for MonthsBitcoin is often criticized for being over volatile, but it's been a sea of calm compared with Tesla stock in recent months.Bitcoin Sets Record 63 Straight Days Closing Above $10,000Bitcoin has closed above $10,000 since July 27.$2B Locked: Uniswap Now Bigger Than Entire DeFi Industry Just Two Months Ago After passing $2 billion in locked assets, there's now more value in Uniswap than there was in the entire DeFi space on July 9. Jack Dorsey Details Twitter's Blockchain Strategy at Oslo Freedom Forum Jack Dorsey said the nonprofit Blue Sky will use blockchain to create an open Twitter protocol and give people more control over their data.

With bitcoin's best day in two months and a surprisingly positive report out of Chinese state media, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories:China State Media Make Rare Reports Calling Crypto 2020's Best Performing AssetSeveral Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year's top performing investment.Bill Proposes National Crypto Regulatory Framework The Digital Commodity Exchange Act would bring crypto exchanges into a single federal framework, overseen by the Commodity Futures Trading Commission.Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on BitcoinThe draft bill would define bitcoin and other cryptos as "currency" instead of an "asset" for tax purposes. 

With bitcoin markets looking weak alongside a strengthening dollar, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories:Strengthening US Dollar Could Bring Further Downside for Bitcoin With the U.S. dollar eyeing a pre-election recovery, the path of least resistance for bitcoin may be to the downside. MakerDAO Users Hosed by March Flash Crash Won't Get MKR Payouts, Say MKR WhalesAfter initially voting to do so, the Maker community will not compensate investors who lost big on the lending platform during "Black Thursday's" price rout.

With the bitcoin market weakening and an ECB update, CoinDesk’s Markets Daily is back for your latest crypto news roundup!Today's stories:Bitcoin Market Weakening After Macro-Based Sell-Off, On-Chain Data SuggestsBitcoin inventory is building on exchanges but there's a lack of buyers, according to a Chainalysis economist. 'Misleading' Term Stablecoin Should Be Ditched, Says ECB The EU central bank said the term stablecoin is potentially "confusing" and "misleading" to consumers.Tokenized Bitcoin on Ethereum Now Tops $1.1 B: Here's Why The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week. Here’s why.Christie's to Auction Bitcoin-Inspired Artwork, Associated Non-Fungible Token The artwork titled, ‘Portraits of a Mind’ created by the Robert Alice project is a set of 40 paintings made up of a transcription of the code associated with the Bitcoin blockchain.

With bitcoin at risk of falling to four figures and new guidance from the OCC, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories: Equity Markets Turmoil Could Push Bitcoin Below $10K, Say Analysts Bitcoin risks falling into four figures on a continued sell-off in equities and rebounding U.S. dollar.Digital Euro Would Provide Alternative to Cryptos, ECB President Lagarde SaysA digital euro for retail payments would "ensure that sovereign money remains at the core of European payment systems," according to Legarde.SEC, OCC Issue First Regulatory Clarifications for StablecoinsThe U.S. OCC has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S.Craig Wright Must Face Trial Over Alleged $11B Bitcoin Fortune as Request for Summary Judgment DeniedIn a case involving the ownership of about 1.1 million bitcoin (worth over $11 billion), the federal court denied Wright’s request for a summary judgment on Monday.

With bitcoin down amid broader market turmoil, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories: Bitcoin Down as Stocks Fall Over European Coronavirus Fears Bitcoin is dropping alongside stocks as soaring cases of COVID-19 threaten economic activity in Europe.China Sees Advantages in Being First on New Digital Currency 'Battlefield'The nation would wield stronger influence in the world as a result of the digital yuan issuance, according to a magazine from the People’s Bank of China (PBoC)Kraken Shows How Crypto Companies and Banks Are Evolving Together Kraken’s move to become a bank in Wyoming is more about getting traditional finance to adapt to the crypto industry than the other way around.

As bitcoin battles to establish a foothold above $11K and with DeFi surging on Ethereum, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories: Bitcoin Rises Back to $11K Despite Signs of Indecision in the MarketBitcoin is again looking to establish a foothold above $11,000 on Friday, although the technical charts are anything but stridently bullish.Bitcoin Supply on Ethereum Tops $1BMore than 92,000 bitcoins have been tokenized on Ethereum.Uniswap Launches Governance Token to Keep Up With RivalDecentralized trading platform Uniswap has launched a governance token, UNI, minting 1 billion coins to be released to the public over the next four years.Uniswap Recaptures DeFi Buzz With UNI Token's Airdropped DebutA minimum of 400 UNI was airdropped to everyone who used Uniswap prior to September. Some called it “stimulus for Ethereum users.”Ethereum Smashes Records as DeFi Hype Sends Transactions and Miner Revenue SoaringMiners may be the real winners from DeFi as a surge in Ethereum activity sees them earn a record $16 million in a day.

With bitcoin slipping alongside European stocks and a leaked memo about China's blockchain plans, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories:Federal Reserve Now Targets Inflation Above 2%, Bitcoin Breaks $11KFederal Reserve officials said Wednesday they would hold U.S. interest rates at close to zero and work to push inflation above 2% "for some time." Bitcoin 'Young Investment' Wallets at Highest Level Since February 2018New investors are entering the bitcoin market at a faster pace and possibly creating upward pressure on prices, on-chain data shows. China's BSN Will 'Localize' Public Blockchains for Local UseChina’s state-sanctioned Blockchain-Based Service Network is finally bringing public chains to its homeland -- but they will look very different. Kraken Becomes First Crypto Exchange to Charter a US BankOn Wednesday, the Wyoming Banking Board voted to approve Kraken’s bank charter application. Kraken is the first SPDI bank in Wyoming.

With bitcoin fighting for $11k and the first CBDC in real life, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories:All Eyes on Fed Reserve Rate Announcement, as Bitcoin Fights for $11KWith the Fed's decision on rates due later Wednesday, bitcoin traders will be watching the U.S. dollar action.Bahamas to Roll Out 'Sand Dollar' Digital Currency Next MonthThe Bahamas' "Sand Dollar" will likely be the world's first live central bank digital currency when it launches in October. Bitcoin CEO: MicroStrategy's Michael Saylor Explains His $425M Bet on BTCHow the business analytics chief became Wall Street's boldest bitcoin maximalist.US State Bank Regulators Agree to Single Set of Rules for Fintech, Crypto Firm LicensingAgencies from 48 states are expected to unveil a new framework today that will simplify and consolidate regulation for crypto companies. 

With BTC crossing into bullish territory and a new smart contract-powered tokenized DeFi Index, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories: Analyst 'Cautiously Bullish' on Bitcoin but Says Equity Sell-Off Still a ThreatBitcoin (BTC) has crossed into the bullish territory, but may remain vulnerable to another sell-off in stocks.New Index From DeFi Pulse and Set Protocol Offers Easy Access to 10 DeFi Tokens in 1Data company DeFi Pulse and investment-minded Set Protocol have created a permissionless index of the very best DeFi tokens, called the DeFiPulse Index.MicroStrategy Tells SEC It 'May Increase' $250M Bitcoin ReservesMicroStrategy told the SEC it "may increase" its bitcoin (BTC) holdings beyond the $250 million haul purchased in August.DeFi Lender bZx Reclaims $8M Stolen in Sunday's AttackDeFi lending project bZx has been able to recover about $8 million in cryptocurrency from an attacker who stole the funds after exploiting a code bug over the weekend.MicroStrategy Buys $175M More in Bitcoin, Upping BTC Holdings to $425MMichael Saylor, the founder of MicroStrategy, said Tuesday his company has acquired an additional $175 million in bitcoin (BTC) in a single purchase.