Coindesk

A majority of investors who hold both cryptocurrencies and stocks say digital assets will outperform equities in the long term, according to a new survey from crypto exchange Kraken.The survey of more than 1,000 U.S. adults, published Thursday, found that 65% of dual-asset investors expect crypto to deliver stronger growth than stocks over the next 10 years. Just 35% favored equities. Nearly 70% said they plan to increase their crypto allocations in the coming year, with men showing stronger conviction than women (74% versus 59%).Over the past 12 months, digital assets have also outperformed for many investors: 42% reported their crypto holdings beat their stock portfolios, compared with 31% who saw equities perform better. Confidence levels are tilting toward crypto...

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 4005.12, down 1.4% (-55.83) since 4 p.m. ET on Wednesday.Seven of 20 assets are trading higher.Leaders: AAVE (+1.2%) and BCH (-0.2%).Laggards: SUI (-3.9%) and XLM (-2.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Stablecoin platform M0 and U.S.-licensed issuer Bridge, now part of payments giant Stripe, are joining forces to help businesses roll out custom digital dollars, beginning with popular crypto wallet MetaMask's proprietary token mUSD.The two firms said on Thursday the partnership combines Bridge’s regulatory and reserve management expertise with M0’s blockchain infrastructure designed for application-specific stablecoins.Stablecoins, a type of cryptocurrencies pegged to external assets like the U.S. dollar, have grown into a $250 billion market, often touted as a faster, cheaper option for international payments. Interest in the sector has accelerated since U.S. President Donald Trump signed the GENIUS Act into law, setting new federal standards for stablecoin issuers.The idea of application-specific stablecoins has been gaining traction as the market for...

By Omkar Godbole (All times ET unless indicated otherwise)Crypto majors continue to trade in a choppy manner, with bitcoin (BTC) retreating to $113,600 after reaching $114,800 late Wednesday. Ether (ETH) and most major tokens also erased overnight gains as derivatives traders looked for downside protection ahead of Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Symposium on Friday.Long-term sentiment for bitcoin, measured by an options market indicator, turned bearish for the first time since June 2023. Technical signals also point to a weakening short-term outlook. In a notable move, an OG wallet sold 660 BTC and opened long positions in ether worth $295 million across four wallets, reflecting growing preference for ETH over bitcoin and echoing...

In 2018, Kenneth S Rogoff, professor of economics at Harvard University and a former chief economist at the International Monetary Fund, predicted bitcoin (BTC) was more likely to be worth $100 than $100,000 in a decade.In reality, bitcoin's price rose above $100,000 this year, a 10-fold increase from March 2018's sub-$10,000 level when Rogoff predicted the crash.On Tuesday, with bitcoin hovering around $113,000, Rogoff reflected on how he had missed the mark, saying he had been "far too optimistic about the U.S. coming to its senses regarding sensible cryptocurrency regulation."In a post on X, Harvard economist Ken Rogoff expressed said he'd expected policymakers to adopt a firm stance to curb the use of cryptocurrencies in tax evasion and illegal activities....