Coinbase Integrates Real-world Assets, BlackRock Revises ETF Application

Name: FS Insight
Price range: $$$

Dec 13, 2023

BTC -1.53% ETH 4.58%

Market Update Equities are flat as investors wait for the Federal Reserve’s policy decision later today, where they are expected to hold rates steady. While a pause is largely priced in, investors will hone in on Chair Powell’s commentary to anticipate when rate cuts could be expected. According to CME, markets are pricing in a potential rate cut as early as next Spring, something Powell could attempt to push back on. $BTC is recovering some losses after starting the week with a liquidation-driven sell-off, gaining 2.6% to trade back at $42.1k. $ETH is recovering but continuing to underperform, gaining only 1.7% to reach $2.2k. Gaming continues to be one of the stronger sectors, with $BEAM rising 20.1% in the last day. AI decentralized machine learning project Fetch.ai ($FET) is the second largest gainer in the top 100 after $BEAM, gaining 18.9%. Coinbase's new "Project Diamond," developed by Coinbase Asset Management, integrates traditional financial assets with blockchain technology using its Ethereum L2, Base. This platform will allow institutions to issue and trade digital debt instruments in a regulated environment. It combines Coinbase Prime's custody service, a Web3 crypto wallet, Circle's USDC stablecoin, and the Base network. Gaining initial approval from Abu Dhabi

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Already a member?

Reports you may have missed

FSInsight Puts Ethereum At $12,000 EOY, Bullish Forecast For Bitcoin

Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities

Market Update

By Sean Farrell • Oct 4, 2024

CRYPTO MARKET UPDATE The crypto market is moving higher today, lifted by stronger-than-expected jobs numbers. The BLS reported 254k jobs added last month, far exceeding the market estimate of 140k, while August's figures were revised up from 142k to 159k. The unemployment rate also dropped to 4.1% from 4.2%. In response, rates rallied, the DXY spiked, and the futures market largely priced out the possibility of a 50 bps rate...

BTC -1.53% ETH 4.58% RENDER 1.23% SOL -4.01% STX 4.71% TAO 8.91% TIA 2.28% WIF 3.93% XMR -1.60% WULF

Bitcoin will hit $200,000 in the second half of 2022, predicts FSInsight

Visa Unveils Tokenization Platform, SEC Appeals XRP Decision

Market Update

By Tom Couture • Oct 3, 2024

MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -1.53% falling to $60k and ETH 4.58% approaching the low $2,300s. Aptos (APT 3.11% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE 10.65% is also showing slight gains following...

AAVE 10.65% APT 3.11% BTC -1.53% ETH 4.58% TOTAL XRP 4.38%

Invesco ditches its plan to launch a US bitcoin futures ETF any time soon, just before the first-ever makes its debut

Bitwise Files for XRP ETF, Crypto Prices Bounce as Oil and Gold Retrace

Market Update

By Sean Farrell • Oct 2, 2024

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -1.53% climbing back above $61,000 and SOL -4.01% moving above $145, while ETH 4.58% is lagging, trading around $2,400. Among today's outperformers is SUI -4.59% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...