At the DealBook Summit, BlackRock CEO Larry Fink acknowledged Bitcoin’s utility, as Coinbase’s Brian Armstrong said the exchange is running pilots with major US banks. Major US banks are running early pilots involving stablecoins, crypto custody and digital-asset trading in partnership with Coinbase, CEO Brian Armstrong said onstage at The New York Times DealBook Summit. According to Bloomberg, Armstrong didn’t name specific institutions but warned that banks slow to adopt crypto “are going to get left behind.” His remarks were made during a joint appearance with BlackRock CEO Larry Fink on a panel at the event. Although Armstrong and Fink haven’t always aligned on crypto, the two struck a notably similar tone on Bitcoin. Armstrong dismissed the idea that Bitcoin could ever fall to zero, while Fink said he now sees a significant “use case” for the asset, though he did caution that Bitcoin is “still heavily influenced by leveraged players.” BlackRock’s iShares Bitcoin Trust (IBIT), launched in January 2024, is...
XRP shows renewed strength as traders crunch the charts to see if a rally into the $2.30 to $2.50 zone is possible. Does the bulk of the move depend on Bitcoin’s short-term performance? XRP (XRP) defended its $2 psychological floor this week, rebounding nearly 6% on Tuesday after a brief liquidity sweep on Monday. While the asset remained in a multimonth downtrend dating back to July, the $2.28–$2.30 resistance band now stands as the defining pivot for bullish continuation. Key takeaways: A bullish daily close above $2.30 would confirm a break of structure and possibly lead to a move to $2.58. Read more
Bitcoin posted its strongest daily gain since May as buy-side flows, a sharp adjustment in investor sentiment and a return of the Coinbase premium hint at a potential rally above $100,000. Bitcoin (BTC) gained 5.81% on Tuesday, its biggest daily return since May 8. As the rally unfolded, a bullish engulfing pattern formed, marking the first significant structural shift on the daily chart in the fourth quarter. Traders now wonder if there is an increased chance for a sustained recovery over the coming day. Key takeaways: Bitcoin printed a bullish engulfing candle with its strongest daily gain since May, signaling early trend expansion. Read more
Select users in the US will be among the first to access the predictions platform to bet on sports event contracts, following clearance from a financial regulator for a relaunch. Prediction platform Polymarket has begun rolling out its relaunch in the United States, announcing that waitlisted users would be the first to access its US app. In a Wednesday X post, Polymarket said that it would be making its US app available to waitlisted users, beginning with bets on sports event contracts, “followed by markets on everything.” The official launch came about three months after the US Commodity Futures Trading Commission (CFTC) issued a no-action letter to a crypto derivatives exchange and clearinghouse acquired by Polymarket, laying the groundwork for the launch of its US services. Read more