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Markets

Why Did Fed Inject $29.4B in Liquidity And What Does It Mean for Bitcoin?

While the move helps avoid potential liquidity crises that could damage financial markets, it falls short of being as stimulative to risk assets as the Fed's other moves, such as QE.

Federal Reserve logo highlighted on a U.S. banknote (joshua-hoehne/Unsplash/Modified by CoinDesk)

Markets

What Bitcoin Chart Says About BTC Price After Powell Casts Doubt on December Cut?

BTC is down but not out following Powell's hakwish commentary on rates.

Bulls and bears (Midjourney/Modified by CoinDesk)

Policy

Prediction Market Kalshi Sues New York Regulator Over Sports Contracts Ban

Kalshi argues that the CFTC has exclusive jurisdiction over derivatives on federally regulated exchanges, and state interference would fragment the system.

Lady liberty (Tingey Injury Law Firm/Unsplash/Modified by CoinDesk)

Markets

Binance to Compensate Users Affected by Crash in wBETH, BNSOL, and Ethena’s USDe

Wrapped tokens crashed as Binance's infrastructure buckled, making it harder for market makers to stabilize prices.

Binance logo on a smartphone (Vadim Artyukhin/Unsplash)

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Markets

Ether, Dogecoin, Bitcoin Plunge Sees $900M in Bullish Bets Liquidated

“This sharp move appears to be the result of overleveraged positioning, particularly following ETH’s recent run-up, and an overnight dip in the S&P 500, which weighed on risk assets more broadly,” a trader note said.

People taking a plunge. (Mike Powell/Getty Images)

Markets

Crypto ETFs See Record $12.8B Inflows in July as Market Rallies to New Highs

The crypto market, as tracked by the CoinDesk 20 Index, jumped over 21% in July.

(Marco Verch/ccnull)

Markets

$600M Bullish Bets Liquidated as Bitcoin Drops to $115K, DOGE, SOL, XRP Fall 6%

Bitcoin (BTC) dropped to $115,200, erasing some of its recent gains but still maintaining a relatively stable posture compared to other majors. Its dominance rose slightly as altcoins bore the brunt of the correction.

(Christian Dubovan/Unsplash, modified by CoinDesk)

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Markets

Crypto Markets Bifurcate With Institutions Focusing on BTC and ETH While Retail Chases Alts: Wintermute

Even inside altcoins, punters are looking at newer tokens like BONK, POPCAT and WIF instead of old-school speculations like DOGE and SHIB.

(Henrik Sorensen/GettyImages)

Markets

Bearish Bitcoin Trader Loses $92M as Surge Wipes Out $426M in Short Liquidations

BTC alone saw $291 million in forced closures, with futures tracking ether (ETH) and XRP following at $68 million and $17 million, respectively.

Metal castings depicting bear and a bull stand on the street.

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