Coindesk

Bitso, a crypto exchange focusing on Latin America, is entering the increasingly attractive stablecoin market as global adoption accelerates.The company's business development unit, Bitso Business, has established Juno, a subsidiary dedicated to issuing and managing digital assets including stablecoins. Bitso Business also recently appointed Ben Reid as head of stablecoins to drive the firm's ambition in the stablecoin market.The first token Juno issues is a fully-backed Mexican peso stablecoin (MXNB), aiming to facilitate cross-border payments and financial transactions between businesses across the region. The firm deployed the token on Ethereum layer-2 Arbitrum.Stablecoins, now a nearly $230 billion asset class, have been one of the biggest success stories in crypto adoption. With prices pegged to an external asset, predominantly to fiat...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2805.5, down 0.0% (-0.17) since 4 p.m. ET on Tuesday.Fourteen of 20 assets are trading higher.Leaders: POL (+7.4%) and SUI (+6.0%).Laggards: AVAX (-2.0%) and NEAR (-1.0%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

As bitcoin's (BTC) recovery rally continues, $90,000 is now the key level where things could get interesting. The projection is based mainly on the current positioning of options market makers.Market makers, also known as dealers or MMs, are responsible for providing liquidity to the order book. They occupy the opposite side of investors' trades and work to maintain a market-neutral exposure by hedging in spot and futures markets. They make money off the difference between what they pay for an asset and how much they sell it for, known as the bid-ask spread.Deribit bitcoin options data tracked by Amberdata shows market makers are "short gamma" at the $90,000 strike. What that means is that as the bitcoin price moves closer...

By Omkar Godbole (All times ET unless indicated otherwise)The sun shone on crypto markets early Wednesday, with bitcoin having another go at $88,000 amid growing chatter about bullish seasonality factors as March draws to a close and the second quarter looms.The last 10 years of price data tracked by analyst Miles Deutscher show April as the turning point for the market, with a 75% chance of upside between now and year-end. The pattern was noted by QCP Capital as well, which pointed to the second quarter, and April in particular, as bullish for crypto."The S&P 500 has delivered an average annualized return of 19.6% in Q2, while Bitcoin has also recorded its second-best median performance during this stretch - again,...

A rogue actor operating from an Ethereum wallet 'BornTooLate.Eth' has engaged in a governance attack on UMA, a decision-making oracle used by Polymarket, to attack the outcome of a Ukraine-themed contract by becoming one of the largest holders of UMA tokens.UMA is a decentralized "optimistic" oracle protocol that resolves disputes in prediction markets by allowing UMA token holders to vote on contentious outcomes. It has faced its share of controversy for resolving disputed markets, such as Barron Trump's involvement in a Presidential meme coin, the nature of 'finding' the OceanGate submarine, and Venezuela's contested election, drawing criticism due to subjective decisions that frustrated certain market participants.On-chain data shows that BornTooLate.eth has approximately 1.3 million UMA tokens, making them a top-5...