Crypto News

In today’s issue, DJ Windle from Windle Wealth looks at the risks advisors face when they can't or won't help clients who want exposure to digital assets.Then, Hong Sun from Core DAO talks about custody and DeFi in Ask an Expert.Thank you to our sponsor of this week's newsletter, L1 Advisors.Happy reading.– Sarah MortonYou’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.Houston, Advisors Have a ProblemFinancial advisors have largely ignored cryptocurrency for years, dismissing it as a speculative bubble or outright scam. Meanwhile, the financial landscape has shifted dramatically. Major players like BlackRock, Visa, Mastercard, Venmo, and many others are integrating blockchain technology and cryptocurrency into their...

ETH hits 5-month high, leads majors higher. ETH beta-coins lead altcoins, led by DeFi & memes. Hong Kong set to announce zero taxes on crypto. Hyperliquid to launch HYPE with $310mn drop. XT hacked, all funds withdrawn for ETH. Stablecoins hit record $190bn market cap. Base breaks 10m transactions in one day. Metaplanet set to raise $62m to buy BTC. Vancouver mayor has “BTC friendly city” plans. SOS plans $50mn BTC purchase, stock pops 40%. Metamask adds fiat on-ramp through Venmo. Celsius to distribute $127mn to creditors. Russia passes new crypto tax bill. Tether to shutter Euro stablecoin. Bitwise files for 10 crypto index ETF with SEC. 21Shares launches four new European crypto ETPs. Vitalik donates $1m to Tornado Cash...

Gold would be one of the commodities enabling payments between China and Russia. According to market analysts, the abundant Russian gold stash, representing almost a third of the country’s reserves, could be key in sidestepping the current trade difficulties originated by economic sanctions. “While it’s unclear how much of a role gold plays in Russia’sSource link

Bitcoin (BTC) has slumped back to $95,000 after coming within a few hundred dollars of passing the symbolic $100,000 price level. But the largest cryptocurrency is only catching its breath before surging to newer heights, according to investment management firm ARK Invest.“We’re more or less anticipating $104,000 to $124,000 price targets by end of year,” David Puell, one of the firm’s research associates, told CoinDesk in an interview. “With the caveat that it's not a recommendation, but so far, price action has kept up to that projection quite nicely.”Puell’s calculus is based on bitcoin’s seasonality — a term referring to the ways the asset has behaved in various stages of previous bull markets — as well as on-chain metrics. In...

With the holiday season on the horizon, we present our annual festive round-up of the best crypto gifts for the Bitcoin fan in your life.Source link