CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3206.01, up 1.3% (+41.12) since 4 p.m. ET on Tuesday. Nineteen of 20 assets are trading higher. Leaders: UNI (+7.2%) and AVAX (+3.5%).Laggards: AAVE (-1.6%) and BTC (+0.2%). The … Read more
Guatemala’s largest bank, Banco Industrial, has adopted blockchain firm SukuPay’s stablecoin rails for customers to send remittances from the U.S. SukuPay will allow Guatemalans to receive funds from the U.S. for a flat 99 cent fee using only a phone number within their Banco National mobile app Zigi, according to an emailed announcement on Wednesday. … Read more
Crypto hedge fund Temple Capital has expanded its senior management team with hires from Hilbert Capital, BlueCrest and Brevan Howard, the company said in a press release Wednesday. Guy Griffiths has joined as chief financial officer, the company said. He was previously employed by macro hedge fund Brevan Howard in London for 19 years. Richard … Read more
Sangha Renewables, a bitcoin BTC mining firm that aims to enable renewable energy companies to mine bitcoin, broke ground Wednesday on its flagship 19.9 megawatt (MW) solar facility in West Texas. “We have been extremely pleased with the development so far,” Spencer Marr, the firm’s president, told CoinDesk in a statement. “We made the decision … Read more
Bitcoin BTC mining profitability fell in April as the network hashrate rose, investment bank Jefferies said in a research report Tuesday. “BTC mining profitability decreased by 6.6% in April, driven by a 6.7% increase in the network hashrate,” analysts Jonathan Petersen and Jan Aygul wrote. The hashrate refers to the total combined computational power used … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The ratio between payments-focused cryptocurrency XRP and bitcoin’s (BTC) dollar-denominated prices has triggered its first golden cross on the weekly chart, indicating a bullish shift in momentum. A golden cross occurs when the 50-day/week/month simple moving average (SMA) crosses above … Read more
By James Van Straten (All times ET unless indicated otherwise) Bitcoin (BTC) bulls still seem to be in control. The largest cryptocurrency posted a record-high daily close on Tuesday, at $106,830, as it extends its strong upward momentum with minimal pullbacks, putting the previous all-time high of just over $109,000 from Jan. 20 well within … Read more
Haliey Welch, better known as “Hawk Tuah Girl,” is now distancing herself from last December’s failed HAWK memecoin — despite previously calling it a fully compliant, fan-focused token she was proud to launch. In a new episode of her Talk Tuah podcast, Welch claimed she was questioned by the FBI and handed over her phone … Read more
Bitcoin BTC is trading above $100,000 again, and investors, prone to recency bias, may be quick to assume that this event will play out like it did in December-January, when the bull momentum faded, with prices quickly falling back into six figures, eventually dropping as low as $75,000. However, according to the following six charts, … Read more
Strive Enterprises is eyeing a calculated bet on bitcoin BTC discounts. The Ohio-based financial services firm said it struck a strategic partnership with 117 Castell Advisory Group to buy distressed bitcoin claims, specifically those with confirmed legal judgments and pending distributions. Among the targeted claims are holdings from the infamous Mt. Gox bankruptcy in 2014, … Read more
Dogecoin has entered a critical consolidation phase below $0.26 resistance after experiencing an 18% drop since its May 10th local high, according to CoinDesk Research’s technical analysis data model. Recent whale activity shows 170 million tokens worth over $40 million were shed in the past few days, potentially setting up for the next major breakout. … Read more
As bitcoin (BTC) continues to mature as an institutional asset, a growing number of public companies are integrating BTC into their treasuries, sparking renewed investor interest in so-called leveraged bitcoin equities (LBEs). But with valuations soaring, the key question remains: which companies are genuinely earning their premiums through consistent BTC accumulation, and which are simply … Read more
The Australian Securities and Investments Commission (ASIC) is seeking leave to appeal a High Court decision that fintech company Block Earner’s Access product is not a financial product. The High Court in March 2024 dismissed ASIC’s allegations that Block Earner had engaged in unlicensed financial services by offering its decentralized finance (DeFi) product Access. ASIC … Read more
Shiba Inu has displayed conflicting market indicators in recent trading sessions. The token initially demonstrated bullish momentum with significant volume support, but this quickly gave way to intense selling pressure. Technical analysis reveals SHIB is consolidating below key resistance levels, with traders closely monitoring the $0.00001450-$0.00001600 zone for potential breakout signals. On-chain metrics paint a … Read more
South Korea’s financial watchdog said non-profit organizations and virtual asset exchanges will be able to sell their crypto holdings starting in June under new rules aimed at tightening oversight while enabling operational flexibility. In February, the Financial Services Commission (FSC), the country’s top financial regulator, revealed it was planning to lift a ban imposed in … Read more
Solana developers are planning what could be the blockchain’s most ambitious core upgrade to date — one that replaces its current technology stack with a redesigned consensus protocol built for near-instant finality and responsiveness. The new system, called Alpenglow, was unveiled on Monday by infrastructure firm Anza, a Solana Labs spinout. It proposes replacing Proof … Read more
XRP futures contracts on the Chicago Mercantile Exchange (CME) recorded over $19 million in notional trading volume on their first day and at least $10 million on Tuesday, data shows. The inaugural trade, a block transaction, was cleared by Hidden Road on May 18. CME’s XRP futures are available in two sizes: standard contracts representing … Read more
Bitcoin (BTC) is inches away from its all-time high, hovering over $107,000, with analysts eyeing a move higher in the coming days. Futures open interest across major exchanges hit $75 billion, an all-time high on Tuesday in U.S. dollar terms, signaling heightened speculative activity and leveraged positioning. That comes alongside a continued rally in spot … Read more
Although bitcoin (BTC) can be traded 24/7 its candles open and close daily similar to foreign exchange markets. The latest data from TradingView shows Tuesday’s candle ended (UTC) at $106,830, the highest-ever daily closing price. The bullish move came as investors poured money into the spot exchange-traded funds (ETFs) amid chaotic price action in bond … Read more
The U.S. Securities and Exchange Commission sued crypto company Unicoin and three executives on Tuesday night on fraud charges, saying the company raised over $100 million for tokens that were not actually backed by the real estate its executives claimed. The SEC sued Unicoin, CEO Alexander Konanykhin, former board chair Maria Moschini, senior vice president … Read more
Apex Group, a financial services provider with more than $3 trillion in assets under administration, said on Tuesday it had acquired a majority stake in Tokeny, a Luxembourg-based firm that helps institutions tokenize real-world assets (RWA) on public blockchains. According to the deal, Apex expects to take full ownership of Tokeny over the next three … Read more
“Sell in May and go away,” goes the Wall Street adage for equity markets every summer. For bitcoin BTC, though, some analysts say this season could mark a break from tradition. “As we get into the European summer months, the sense is it’s more likely a case of ‘buy in May and go away’ than … Read more
NEW YORK — The city of New York is launching a digital assets advisory council to bring fintech jobs into the Big Apple, Mayor Eric Adams announced Tuesday. New York City is “open for business, he said at the start of a summit hosted at the mayor’s official residence, Gracie Mansion. The council will be … Read more
A tokenized version of a major private credit fund managed by Apollo will arrive on Solana’s SOL decentralized finance (DeFi) ecosystem, bringing traditional financial instruments closer to the fast-growing network. The launch, orchestrated by lending platform Kamino Finance with support from tokenization specialist Securitize and DeFi risk advisor Steakhouse Financial, aims to make the Apollo’s … Read more
Crypto infrastructure company Validation Cloud announced Tuesday the debut of Hedera-based AI engine Mavrik-1 that lets users and developers get DeFi market insights by asking queries in plain English. Despite DeFi’s promise in revolutionizing finance, its complexity has long acted as barrier against widespread adoption. For DeFi users, the learning curve is steep, requiring knowledge … Read more
Crypto lender Genesis and its subsidiaries filed two lawsuits against its parent company, Digital Currency Group (DCG), DCG CEO Barry Silbert and other executives, seeking to recover what it called fraudulent transfers of crypto worth billions of dollars. In total, Genesis and its creditors are seeking $3.2 billion across the two lawsuits. It is seeking … Read more
Société Générale’s crypto arm, SG Forge, is reportedly preparing to launch a dollar-backed stablecoin on Ethereum, making it the first global banking group to issue a public stablecoin tied to the U.S. dollar. SG Forge’s dollar stablecoin would be publicly accessible on Ethereum, with additional support for Solana to follow. The launch is expected in … Read more
Record highs — be it $20,000 in 2017, $69,000 in 2021 and $109,000 this year — are great for headlines and quick comparisons, but in reality don’t do a great job of describing price action. Tracking the “realized price,” or the average price at which bitcoin BTC is withdrawn from all exchanges to estimate a … Read more
Global economic uncertainties are weighing heavily on cryptocurrency markets, with XRP experiencing significant selling pressure after failing to maintain momentum above $2.40. The digital asset has formed a bearish head-and-shoulders pattern on short-term charts, with high-volume selling emerging precisely when testing key resistance levels. Multiple analysts, including Ali Martinez, warn that losing the critical $2.30 … Read more
The unit in charge of investigating President Javier Milei’s connection to the LIBRA memecoin has been dissolved after it shared its findings with the public prosecutor’s office. The Unidad de Tareas de Investigación (UTI) has accomplished its objective, stated a decree issued by the ministry of justice on Monday. The document was signed by Milei … Read more