Bitcoin Hovers Above $27,000 as U.S. Stocks Advance

“Despite the recent global turmoil, bitcoin has demonstrated exceptional strength, securing its position as the top-performing asset over the past 30 days relative to the US Dollar,” Joel Kruger, market strategist at LMAX Group, noted in an email. He attributed BTC’s rising dominance to the second-largest crypto asset ETH’s stronger …

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Key Points From the Sam Bankman-Fried Trial’s First Week

Gary Wang – who’s previously pleaded guilty to similar charges to what Bankman-Fried faces – testified that Bankman-Fried directed him to write code allowing Alameda Research to have a negative balance on FTX as far back as July 2019. Ultimately Alameda took and spent at least $8 billion of FTX …

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Digital Asset Recap Q3 2023: Bitcoin and Ether Outperform Wider Market Amid Regulatory Pressure and the Promise of ETFs

Looking within sector quarterly performance with the CoinDesk DACS framework, the trends and preferences towards larger capitalization tokens are less clear. Over Q3 of 2023, Computing (CPU, +3%) and DeFi sectors (DCF, -8%) were relative out-performers, while Smart Contract Platform (SMT, -13%), which contains Ether, and Culture and Entertainment (CNE, …

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