OpenSea, the leading NFT marketplace, has launched a $1 million reserve to acquire and preserve culturally important digital art. The reserve began with the purchase of CryptoPunk #5273, marking a new chapter for the platform in showcasing NFTs as historical and artistic artifacts.
The hierarchy of European sovereign debts has just shifted. On Tuesday, September 9, France borrows at a higher rate than Italy on ten-year bonds. Less than 24 hours after the fall of the Bayrou government, the markets have decided: the French signature is no longer a refuge. This reversal, unprecedented in over a decade, marks a loss of confidence affecting the State's budgetary credibility.
Bitcoin flirted with $113,000, traders were enthusiastic, the Fed was complacent, and Saylor was euphoric. But without spot buying, beware of a backlash: the intoxication could quickly turn to vertigo.
As economic tensions intensify between major powers, a dissenting voice challenges the dominant narrative in Washington. According to Boris Kopeikin, chief economist at the Stolypin Institute, the US trade deficit with China is not the result of a BRICS strategy, but rather a structural weakening of the American economy. This interpretation reignites the debate on the root causes of American imbalances in a world undergoing major reconfiguration.
XRP returns to the forefront, boosted by speculation around an ETF. After a long phase of inertia, Ripple's crypto makes a leap by briefly crossing $3, driven by an approval probability estimated at 95% by Bloomberg. This sudden resurgence of activity places XRP back at the center of discussions, between speculative frenzy and questions about the strength of its fundamentals.
The U.S. Securities and Exchange Commission (SEC) has once again postponed its decisions regarding two highly anticipated crypto ETFs. The Bitwise Dogecoin and Grayscale Hedera ETFs will have to wait until November 12 to learn their fate.
From Moscow, allegations are multiplying. A close advisor to Vladimir Putin claims that Washington uses stablecoins and gold to lighten the overwhelming burden of a public debt now exceeding 37 trillion dollars. A strategy that, if confirmed, could disrupt the balance of global finance.
A tidal wave of bitcoin is pouring into company treasuries and things finally seem to be clearing up in France.
GameStop's crypto strategy is starting to pay off. The iconic video game retailer, once chronically struggling, has managed to limit its losses in the second quarter of 2024 thanks to a bold decision: to record bitcoin on its balance sheet. A bet that illustrates how the boundary between traditional finance and digital assets is increasingly fading.
Weaker US jobs data boosts interest in DeFi tokens as market watchers anticipate potential Federal Reserve rate cuts.