The BTC rebound followed a Truth Social post from President Donald Trump on Thursday saying the U.S. would not attack Iran before the Nov. 3 midterm elections. Brent crude has slipped about 1% today to around $103 a barrel
Smaller tokens led the recovery, with the CoinDesk 80 up 2.2% since midnight UTC, more than twice the gain in the CoinDesk 5
The bounce has yet to undo Thursday’s damage, however, with the CoinDesk 100 still 2.2% lower over 24 hours and DeFi tokens down nearly 4%. U.S.-listed bitcoin, ether and zcash ETFs posted outflows on Thursday, leaving XRP funds as the only crypto products to take in money
Ethereum Foundation researcher Justin Drake’s call for a “bunker mode,” which spurred negative sentiment alongside Thursday’s selloff, has also drawn pushback. Coinbase cryptographer Yehuda Lindell dismissed the concerns as “FUD” — fear, uncertainty and doubt — saying there was no evidence that the elliptic-curve assumptions behind bitcoin and ether had been broken
U.S. equity futures also rose on the back of Trump’s comments, with Nasdaq 100 index futures up 0.83% since midnight and S&P500 futures adding 0.44%
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years
