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MARKETS DAILY: Tokenization Challenges and Another Tether Lawsuit

On today’s episode, we’re talking bitcoin's bearish juncture, tokenization troubles, and new allegations filed against stablecoin Tether

Updated Dec 12, 2022, 1:55 p.m. Published Nov 26, 2019, 5:30 p.m. 1 min read
MarketsDailyNov26Wide

Welcome to the CoinDesk Markets Daily Podcast, a 10-minute look at what's driving the crypto markets today. The podcast appears daily and we'd love you to subscribe in your favorite podcast apphttp://feeds.feedburner.com/MarketsDaily or grab the MP3 here.

Tune in as CoinDesk podcasts editor Adam B. Levine and senior markets reporter Brad Keoun run down recent action in the markets, interesting longer-term trends and some of the most important crypto industry developments of the day.

On today’s episode:

Love the show? Want to share your thoughts? Think we missed a topic? Email adamlevine@coindesk.com to let us know what you think.

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The S&P 500 posted its longest weekly winning streak since 2023 and Brent oil stabilized near $92 on US-Iran ceasefire hopes. The biggest cryptocurrencies still drifted lower, with Hyperliquid's HYPE the only major name to rally.

What to know:

  • U.S. stocks and oil rallied, with the S&P 500 logging a ninth straight weekly gain and Brent crude hovering near $92 a barrel on hopes for a U.S.-Iran ceasefire extension.
  • Major cryptocurrencies lagged the macro rally, with bitcoin, ether and other large-cap tokens falling around 2% to 6% amid cooling...