Cryptocurrency

(Alfred Gescheidt/Getty Images)
Crypto Funds Could Manage as Much as $650B Within 5 Years, Bernstein Says
The crypto industry is expected to transition into a formal, regulated asset management industry from a ‘cottage industry’ with $50 billion of assets, the report said.
(Alfred Gescheidt/Getty Images)

IMX's price (CoinDesk/Highcarts.com)
NFT Platform ImmutableX's IMX Token Surges 35% With Upbit Leading Volume Growth
The IMX-Korean won pair listed on South Korea's leading exchange Upbit accounted for nearly 20% of the global trading volume.
IMX's price (CoinDesk/Highcarts.com)

line chart of the MOVE index
Volatility in $25 Trillion U.S. Treasury Market Slides. Here's Why It Matters to Crypto
The MOVE index, an options-based measure of turbulence in Treasury notes, dropped to an 18-month low last week.
line chart of the MOVE index

Crypto monthly spot vs derivatives trading volume (CCData)
Crypto Spot Market August Trading Volume Hits 4.5-Year Low as Volatility Fails to Spur Activity
Volatility following the Grayscale's court victory over the SEC failed to translate into trading volumes on centralized exchanges, CCData said.
Crypto monthly spot vs derivatives trading volume (CCData)

(Gerd Altmann/Pixabay)
Depressed Crypto Markets, Regulatory Risks Fail to Dissuade Asset Managers From Investing
Almost half the 60 buy-side professionals surveyed from U.S. and European-based asset managers and hedge funds said they're actively managing digital assets.
(Gerd Altmann/Pixabay)

SEI could debut with a $468 million market cap on Binance. (Nikhilesh De/CoinDesk)
SEI Token Could Reach Nearly Half a Billion Market Cap on Binance Debut
Decentralized exchange Aevo rolled out a new product on Wednesday that allows traders to express bullish/bearish view on tokens awaiting an exchange listing.
SEI could debut with a $468 million market cap on Binance. (Nikhilesh De/CoinDesk)

Reddit's community tokens surged after being listed on Kraken. (Brett Jordan/Unsplash)
Reddit Community Tokens Moons and Bricks Soar 50% on Kraken Listing
Kraken and Kraken Pro users can trade both coins against the U.S. dollar and euro in the spot market.
Reddit's community tokens surged after being listed on Kraken. (Brett Jordan/Unsplash)

The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. (AgnosticPreachersKid/Wikimedia)
Fed Preview: Crypto Observers See Powell Keeping Door Open for Rate Hikes Beyond July
A 25 basis point rate increase on Wednesday is a foregone conclusion. The question is whether the Fed will continue to raise rates in subsequent months.
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. (AgnosticPreachersKid/Wikimedia)

(Andrei Akushevich/Getty Images)
Large Crypto Token Unlocks Drive Prices Lower Within Two Weeks, Research Suggests
Unlocks are staggered releases of cryptocurrencies that had been frozen to prevent early investors or project team members from selling in large numbers.
(Andrei Akushevich/Getty Images)

Top cryptocurrencies by market value (CoinDesk Indices)
XRP Overtakes BNB to Become 4th Largest Cryptocurrency; Funding Rates Surge
XRP's market capitalisation surged by more than 60% to $41.44 billion in the past 24 hours.
Top cryptocurrencies by market value (CoinDesk Indices)