Bitcoin BTC$84,459.46 reached its highest level in a week on Wednesday, trading around $83,500 and adding 0.6% since midnight UTC, as an earnings-led rebound in Asian technology stocks lifted risk assets.
SpaceX SPCX$159.39·Market Closed and Super Micro Computer (SMCI) set the tone with strong results on Tuesday in the U.S. South Korea’s Kospi advanced 3.29% and Nasdaq 100 futures rose 0.44%. Elon Musk, CEO of SpaceX and Tesla TSLA$386.48·Market Closed, said the two companies have formed special committees to discuss a merger, which would combine more than 30,000 bitcoin ($2.5 billion) held on their balance sheets.
Altcoins moved with bitcoin, with ether ETH$2,490.55 gaining 0.6% to near $2,460 and the CoinDesk 80 (CD80) rising 0.47%, against 0.64% for the CoinDesk 5 (CD5). The CoinDesk Memecoin Index rose 1.2%, ahead of the CoinDesk 100’s 0.84%.
Solana’s Alpenglow upgrade, which targets finality of about 150 milliseconds, goes live today, while Meta Platforms META$698.12·Market Closed reports after the U.S. close.
UPDATE (Oct. 21, 11:00 UTC): Changes lead graphic.
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.
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.
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