Coindesk

The institutional acceptance of crypto around the world has accelerated significantly recently, developing hand in hand with better-defined regulation. Here, BlockFills CEO Nick Hammer discusses the reasons for crypto’s increasing institutional usage and some of the latest products responding to that demand.What trends are you seeing now in the digital asset space?We’ve been seeing increased involvement from institutional players in this space such as hedge funds, family offices and asset managers, which underscores the growing credibility and maturity of the digital asset space. Institutional activity brings significant capital, greater liquidity and stability to this market. It also drives mainstream acceptance and necessary regulatory clarity.To that end, governments and regulators around the world are developing more defined frameworks and focusing on...

Bitcoin (BTC) is now up 3% since the beginning of May, after gaining 14% gain in April. Inflows into BTC exchange-traded funds (ETFs) have accelerated over the past two weeks, while consistent bitcoin treasury accumulation continues to support the market. From an on-chain perspective, Glassnode data shows that both short-term holders (STHs) and long-term holders (LTHs) have increased their supply holdings, LTHs since early March, while STHs have begun accumulating over the past week.Glassnode defines LTHs as investors who have held BTC for 155 days or more, while STHs have held for less than 155 days. In their latest weekly report, Glassnode notes that LTHs have increased their holdings by over 250,000 BTC, since the start of March, taking...

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Crypto bears might want to closely watch bitcoin’s (BTC) recent chart patterns, which mirror those that preceded the late 2024 rally from $70,000 to $109,000.The first pattern involves the weekly chart’s Moving Average Convergence Divergence (MACD) histogram, a momentum indicator used to identify trend changes and reversals. MACD crossovers above or below the zero line typically signal bullish or bearish shifts in momentum.However, traders interpret these signals in context with price action. A bearish crossover, for example, needs validation through weakening prices; otherwise, it could indicate underlying strength and a bear trap. Currently, that seems to be the case in BTC.The cryptocurrency initially fell after the...

Move over dogecoin. The new memecoin making waves in tech Twitter’s inner sanctum isn’t just about fun; it’s about mindset.MOG Coin, a popular token offered on Ethereum and Base, is trying to bring in a cultural shift as “mog/acc” — a mashup of mogging (a slang for being better, stronger, faster) and accelerationism (speeding up technological change at all costs).Techno-optimists are quickly putting on Pit Vipers, a flashy sunglass brand, as their X account display, which is leading to mindshare of the mog token outside of crypto circles.Influential X accounts from Y Combinator founder Garry Tan to owner Elon Musk have all joined the mog/acc train, changing their displays to one wearing a Pit Viper. MOG prices are up more...

The price of gold has surged almost 29% this year, solidly beating the 3.8% gain in bitcoin (BTC). Even so, that's failed to deter investors eager to add the largest cryptocurrency to their portfolios.BlackRock's spot bitcoin ETF (IBIT) has attracted a net $6.96 billion in inflows since the start of the year, the sixth-largest amount of all exchange-traded funds, according to data from Bloomberg's senior ETF analyst, Eric Balchunas. SPDR Gold Trust (GLD), the world's largest physically backed gold ETF, slipped to the number seven position Monday with net inflows of $6.5 billion.IBIT's outperformance indicates institutions' persistent confidence in bitcoin's long-term prospects despite the relatively dour price performance. Gold has climbed $3,384, largely due to wrangles over international trade,...