Coindesk

As Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole approaches, the key question on everyone’s mind is: how volatile could bitcoin (BTC) become?The answer points to slightly above average volatility, not the extreme swings that the widespread attention on the event might suggest."BTC options are pricing in about a ±2.0% move around Powell’s Jackson Hole speech," Pulkit Goyal, head of trading at crypto market maker Orbit Markets, told CoinDesk. Orbit specializes in crypto options and structured derivatives.The anticipated 2% price swing around Powell’s speech suggests slightly higher volatility than the average daily volatility of 1.52%, which is derived from the 30-day realized volatility of 29%.Traders use the pricing of options with different strike prices and maturities and implied volatility...

Bitcoin traded near $113,700 on Thursday, failing to hold above $115,000 as resistance from the 50-day moving average capped a rebound attempt.The broader crypto market added just 1% to $3.86 trillion in capitalization, a move analysts described as a bounce on the way down rather than the start of a recovery.“The technology sector in traditional financial markets remains under pressure, dampening the mood of cryptocurrency buyers,” said Alex Kuptsikevich, chief market analyst at FxPro. “Bitcoin’s unsuccessful attempt to return above $115K only highlights the market’s weakness.”ETF flows were indicative of caution. According to SoSoValue, bitcoin ETFs experienced net outflows of $523 million on August 19, followed by $311 million on Wednesday and $192 million on Thursday. Meanwhile, ether ETFs incurred...

Dogecoin rallied on Tuesday after a string of regulatory and corporate catalysts shifted sentiment across the crypto sector. A $50 million Trump-linked acquisition of a DOGE mining firm, Wyoming’s launch of a state-backed stablecoin, and comments from Federal Reserve officials signaling a softer stance on digital assets all converged to trigger fresh institutional flows.News Background• Thumzup, a Trump-affiliated entity, acquired Dogehash for $50 million, creating what executives described as the largest DOGE mining operation. The deal signals deep-pocketed confidence in Dogecoin infrastructure.• Wyoming unveiled the Frontier Stable Token, the first government-backed state stablecoin, reinforcing the U.S. regulatory pivot toward digital assets.• Fed Vice Chair Michelle Bowman warned banks about competitive risks from delaying digital asset adoption, signaling a more crypto-accommodative...

Japanese financial giant SBI Holdings is moving into the red-hot tokenized stock market through a joint venture with Singapore-based blockchain development firm Startale.The companies plan to build an on-chain platform designed for trading tokenized equities and real-world assets (RWAs), they announced on Friday.The step puts SBI alongside a growing roster of major players experimenting with tokenized stocks. Robinhood and several crypto exchanges including Kraken, Gemini started offering blockchain-based versions of publicly traded shares.SBI, which oversees more than 11 trillion yen ($74 billion) in assets and has over 65 million customers globally, sees asset tokenization as a major shift in global markets."We predict that this movement will eventually lead to the digitalization of capital markets themselves, including exchanges," Yoshitaka Kitao, president...

Japanese financial giant SBI Holdings is moving into the red-hot tokenized stock market through a joint venture with Singapore-based blockchain development firm Startale.The companies plan to build an on-chain platform designed for trading tokenized equities and real-world assets (RWAs), they announced on Friday.The step puts SBI alongside a growing roster of major players experimenting with tokenized stocks. Robinhood and several crypto exchanges including Kraken, Gemini started offering blockchain-based versions of publicly traded shares.SBI, which oversees more than 11 trillion yen ($74 billion) in assets and has over 65 million customers globally, sees asset tokenization as a major shift in global markets."We predict that this movement will eventually lead to the digitalization of capital markets themselves, including exchanges," Yoshitaka Kitao, president...