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Finance

Coinbase and Mastercard Held Talks to Buy Stablecoin Fintech BVNK for Up to $2.5B: Fortune

The sale, if it goes through, could become the largest stablecoin acquisition to date, with Coinbase leading bids over Mastercard, sources told Fortune.

(Shutterstock)

Markets

Bitcoin Surges Above $123K, Nearing New Record as Bullish Q4 Sentiment Fuels Weeklong Rally

This recent run has been fueled by institutional demand and a shifting macro environment.

BTC and bond yields can rally in lockstep. (JACLOU-DL/Pixabay)

Markets

Crypto Liquidations Top $1B as Bitcoin, Ether, Solana Sell-Offs Worsen

Strategy (MSTR) plunged as much as 10% and is now lower year-to-date.

Bitcoin falls despite coming rate cuts (Unsplash)

Markets

Strive to Buy Semler Scientific in First Merger of Bitcoin Treasury Companies

The all-stock deal will have combined company holding nearly 11,000 bitcoin.

Business deal handshake (Radission US/Unsplash)

Markets

Ether Leads Crumbling Crypto Prices in Shocking Reversal From Early Rally

Soft U.S. jobs numbers released Friday cemented the case for an imminent Fed rate cut and provided what turned out to be only a brief jolt higher to crypto markets.

Ether has fallen below a key bull market trendline.  (Eva Blue/Unsplash)

Markets

U.S. Added Just 22K Jobs in August as Unemployment Rate Rose to 4.3%

The soft numbers not only cement the case for a Fed rate cut later this month, but likely put a 50 basis point move on the table versus the previously expected 25.

The U.S. released January jobs numbers Friday morning (Ernie Journeys/Unsplash)

Markets

Powell Puts September Rate Cut in Play; Bitcoin Pushes Higher

The Fed chair, perhaps surprisingly, took a dovish tone in his remarks at Jackson Hole.

Federal Reserve Chair Jerome Powell dons reading glasses prior to Wednesday's press conference. (Federal Reserve, modified by CoinDesk)

Markets

Digital Asset Treasury Firms Plunge as Bitcoin Tumbles Below $117K, ETH Slides to $4.4K

The crypto rally continues to quickly reverse course just two days after bitcoin surged to a new record and ether soared to a five-year high.

Coins falling from a jar. (Josh Appel/Unsplash)

Markets

Ether Pumps to 5-Year High of $4.47K Alongside Tom Lee's Massive ETH Treasury Bet and Fed Rate Cut Hopes

While inflation remains stubbornly high, Tuesday's CPI report reinforced market bets for a September Federal Reserve rate cut.

Ether rose 5% over the past 24 hours to a level not seen since December 2021.