Crypto News
CoinDesk 20 Performance Update: Litecoin (LTC) Falls 4.9%, Leading Index Lower
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 2372.84, down 1.4% (-32.6) since 4 p.m. ET on Wednesday.Two of the 20 assets are trading higher.Leaders: HBAR (+2.5%) and ICP (+0.7%).Laggards: LTC (-4.9%) and FIL (-4.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
Ethereum and Bitcoin Recover on Tariff Pause News While Lightchain AI Presale Nears Its End
This content is provided by a sponsor. PRESS RELEASE. The rollercoaster ride of cryptocurrency markets continues as Ethereum and Bitcoin experience a notable recovery following promising developments in global trade news. The easing of tariff tensions has boosted market sentiment, encouraging a resurgence in digital assets. Meanwhile, all eyes are on another big milestone—the finalSource link
Wrapped BTC Holders Can Now Secure 6% APY on Base via Umoja
Decentralized finance (DeFi) protocol Umoja has released a product that allows Coinbase wrapped BTC (cbBTC) token holders to earn a 6% yield on layer-2 network Base.Umoja achieves its yield by tapping into a range of centralized and decentralized exchange strategies including covered calls and arbitrage, which involves buying an asset at on one venue and simultaneously selling it for a higher price on another venue.It's worthing noting that cbBTC is a wrapped token and not bitcoin (BTC) itself, it is an erc20 token backed 1:1 by bitcoin held at Coinbase.The Umoja protocol supports a number of Yield Vault Tokens (YVTs) collateralized by cryptocurrencies (including real world asset tokens).One of those YVTs is yBTC, which is minted once users deposit cbBTC...
Bitcoin, Ethereum Rise as Inflation Drops Sharply in March
U.S. President Donald Trump’s tariffs may make inflation harder to tame, the Federal Reserve has noted.Source link
Tariffs, Trade Tensions May Be Positive for Bitcoin Adoption in Medium Term: Grayscale
Tariffs and trade tensions could ultimately be positive for bitcoin (BTC) adoption in the medium term, asset manager Grayscale said in a research report Wednesday.Higher tariffs result in stagflation— stagnant economic growth coupled with inflation — which is negative for traditional assets, but positive for scarce commodities such as gold, the report said. Bitcoin is considered hard money, akin to digital gold, and is viewed as a modern store of value, the report noted.Cryptocurrencies surged on Wednesday following President Donald Trump's announcement of a 90-day pause on tariffs for countries that haven't retaliated against the U.S."Trade tensions may put pressure on reserve demand for the U.S. Dollar, opening space for competing assets, including other fiat currencies, gold, and bitcoin," Grayscale...