Coinbase will Incorporate in Texas, Citing ‘Legal Climate’

Cryptocurrency exchange Coinbase will reincorporate to Texas from Delaware, a move highlighting the respective states’ legal and regulatory environments. In a Wednesday X post, Coinbase Chief Legal Officer Paul Grewal said the crypto exchange would move its incorporation to Texas. In a Wall Street Journal op-ed, Grewal wrote that the climate in Delaware’s courts had…

XRP Price Cycle Target Remains $30: Analysts Explain Why

XRP’s (XRP) price fell 44% to $2.06 from its multi-year high of $3.66 reached on July 18, before recovering to current levels around $2.43. Is it finally headed for a deeper correction, or is there a more substantial rally in the cards? Key takeaways: XRP’s macro outlook is bullish, with some predictions calling for a $30 top….

Bitcoin Cash (BCH) Gained 4.1%, Leading Index Higher

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 3414.21, up 2.3% (+76.18) since 4 p.m. ET on Tuesday. Nineteen of 20 assets are trading higher. Leaders: BCH (+4.1%) and LINK (+4.0%). Laggards: UNI (-2.5%) and DOT (+0.1%)….

Altcoins Aren’t Dead; Long Live Altcoins

Opinion by: Kamal Mokeddem, General Partner at Finality Capital The prevailing institutional narrative surrounding altcoins is as follows: If you want crypto exposure, simply buy Bitcoin and move on.  Bitcoin now has ETFs and has outperformed nearly every other digital asset. Unlike 2017 or 2021, there has been no broad altcoin rally this cycle. At…

Bitcoin Needs to Crack $107,000 Next, Traders Agree

Bitcoin (BTC) eyed intraday highs into Wednesday’s Wall Street open as bulls battled for $105,000. Key points: Bitcoin creeps higher into the US trading session as traders seek $107,000 retest. Opinions diverge on whether price can reclaim that area as support. Binance withdrawals give analysis cause to stay bullish on the BTC price outlook. BTC/USD…

Arthur Hayes Wants Zcash Holders to Pull Their Coins From CEXs

The privacy coin sector returned to the spotlight after BitMEX co-founder Arthur Hayes urged Zcash holders to withdraw their assets from centralized exchanges (CEXs).  On Wednesday, Hayes told holders to “shield” their assets, a feature that enables private transactions within the Zcash network. “If you hold $ZEC on a CEX, withdraw it to a self-custodial…

Morgan Stanley Flags Bitcoin’s ‘Fall Season,’ Suggests Winter Preparation

Morgan Stanley strategists say the crypto market has entered the “fall season” in Bitcoin’s four-year cycle, advising investors to harvest their gains before the potential onset of winter.  In a podcast episode titled Crypto Goes Mainstream, Denny Galindo, an investment strategist at Morgan Stanley Wealth Management, said that historical data indicates a consistent three-up, one-down…

Coinbase Business Makes Global Debut In Singapore

Coinbase Business, a new business platform from major US crypto exchange Coinbase, has launched in Singapore, marking the company’s first international expansion. After introducing Coinbase Business in June, Coinbase has rolled out the platform in Singapore as its first international market outside of the US, the company announced on Wednesday. Targeting startups and small businesses,…

ETH’s $200B Tokenization Wave Lines Up Next Parabolic Rise

Key takeaways: Ethereum currently hosts $201 billion in tokenized assets, which is nearly two-thirds of the global total of $314 billion. Institutional growth led by BlackRock and Fidelity has driven a 2,000% surge in onchain fund AUM since 2024. ETH exchange supply hit a yearly low, hinting at investor accumulation and a stronger market floor….

UAE Completes First Digital Dirham Transaction in CBDC Pilot

The United Arab Emirates has made the first transaction with its central bank digital currency in the first major update to the project since it was announced in March. The United Arab Emirates’ Ministry of Finance and Dubai Finance said on Tuesday that the transaction was part of the pilot phase of the Digital Dirham…