Crypto markets had yet another negative week with bitcoin (BTC) falling 5.0%, ether (ETH) declining 8.4%, and Solana (SOL) correcting by 8.6%. This happened amidst escalating geopolitical tensions in the Middle East, which brought back uncertainty to risk assets, leading the Nasdaq Crypto IndexTM (NCITM) to decline 6.2% for the week.
Robinhood launches crypto transfers in Europe
Robinhood Crypto has launched cryptocurrency transfers for customers in Europe, allowing deposits and withdrawals of over 20 cryptocurrencies, including BTC, ETH SOL. This was one of the most requested features by users in the region, and makes crypto transfers now available to all eligible Robinhood Crypto customers in Europe. This move signals the growing adoption of digital assets in Europe, boosting confidence in the asset class growth potential.
BBVA to launch Visa-backed stablecoin in 2025
The Spanish banking giant will partner with Visa to launch a stablecoin next year, adding to a growing list of traditional financial services firms exploring digital asset products and tokenization. Stablecoins have become increasingly popular tools to provide near-instant settlement, and are currently considered one of the strongest use cases for crypto.
From Hashdex:
Has the crypto bull market begun?In his latest Notes from the CIO, Samir Kerbage writes about the factors that are signaling a bull market for bitcoin and other crypto assets. You can read the full article here, or watch Samir discuss some of these points in his interview with the Schwab Network.
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