The State of Wisconsin Investment Board (SWIB), one of the first U.S. state pension funds to invest in a spot bitcoin BTC exchange-traded fund, exited its position entirely in the first quarter as the price of the largest cryptocurrency fell about 12%. At end of 2024, the board held more than 6 million shares in … Read more
Ether’s ETH rally, though impressive, leaves much to be desired. That’s because the unwinding of shorts is said to be fueling the rally, not fresh longs or bullish leveraged bets on the Chicago Mercantile Exchange (CME). “The rally is primarily the result of short covering – traders unwinding bearish positions – rather than a surge … Read more
A sharp sell-off in Coinbase (COIN) stock may be an overreaction to two pieces of bad news that hit on the same day, according to analysts at Barclays and Oppenheimer. Shares of the crypto exchange dropped 7.2% on Thursday after it disclosed a social engineering-driven data breach and later reports revealed a long-running Securities and … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The global crypto corporate-adoption narrative is thriving even as bitcoin and the wider crypto market take a bull breather, potentially establishing a base for a new high. Méliuz, a publicly listed Brazilian fintech firm, announced Thursday the purchase of 274.52 BTC. It now holds 320.2 BTC … Read more
Bitcoin BTC bulls face a $120 million resistance challenge as they look to extend the classic “stair-step” uptrend, or periodic controlled move higher, order book data show. Since April 9, bitcoin has climbed about 38%, advancing from around $75,000 to $104,000 as trade tensions eased and major market participants deployed capital. This rally can be … Read more
U.S. Department of Justice (DOJ) has charged 12 individuals for stealing over $263 million in crypto. The individuals are linked to an earlier investigation where scammers were able to siphon off over $243 million from a Genesis creditor. According to blockchain sleuth ZachXBT, last year one of the creditor of defunct trading firm Genesis was … Read more
FTX creditors are set to receive over $5 billion in distributions starting May 30, as part of the second phase of the bankrupt exchange’s court-approved recovery plan, the FTX Recovery Trust said Thursday. The estate will pay out to four classes of creditors, with recoveries ranging from 54% to 120% of their original claims. The … Read more
XRP fell over 4% in the past 24 hours, leading losses among major cryptocurrencies as the broader market stalls after last week’s sharp rally. Bitcoin continues to hover above $104,000, with traders predicting a steady rise past $105,000, a level now acting as both psychological and technical resistance. The crypto market’s total capitalization declined 2% … Read more
The U.S. Department of Justice will drop part of one count of its case against Tornado Cash developer Roman Storm due to a recent policy memo, the agency said Thursday. The DOJ will not go to trial on a charge alleging Storm failed to comply with money transmitter business registration rules, but still plans to … Read more
“I don’t think it’s here to stay,” Dave Portnoy said, referring to meme coins—the same corner of crypto he’s often poured fuel on through his social media antics. Speaking on stage at Consensus 2025 with Tom Farley, CEO of crypto exchange Bullish, the Barstool Sports founder peeled back the layers of his short, chaotic stint … Read more
The crypto rally took a long-overdue pause on Thursday as traders took some profits following weeks of relentless advance that lifted bitcoin BTC close to record prices. The consolidation occurred amid a slew of U.S. economic data releases. April retail sales missed expectations, producer prices rose less than forecast, jobless claims stayed on track, while … Read more
Banks need to be part of crypto for stablecoins to succeed—that was the message from Jose Fernandez da Ponte, PayPal’s senior vice president of digital currencies, during a panel discussion at Consensus 2025 in Toronto. “It might sound counterintuitive, but you do want the banks in this space,” Fernandez da Ponte said, adding that their … Read more
The global head of policy at TRM Labs, a blockchain analytics firm that helps law enforcement investigate crypto fraud, shared that he believes Coinbase’s handling of the latest hack is a “really great example to other businesses in terms of how to handle” dealing with hacks of exchanges. At a panel at Consensus 2025, Ari … Read more
The latest draft of the U.S. Senate’s stablecoin legislation includes enough changes that Democratic senators may now have an easier time getting back on board, though consumer advocates say it still falls short. The bill to set oversight and standards for stablecoin issuers sailed through the Senate Banking Committee with wide bipartisan support in March, … Read more
The SEC has been investigating crypto exchange Coinbase (COIN) over whether it misstated its user numbers in past securities filings and marketing materials. The probe began under the former presidential administration while the SEC was still under the control of then-Chair Gary Gensler, according to the NYT, which first reported the story, but has persisted … Read more
TORONTO —Eric Trump, the son of U.S. President Donald Trump, said he believes bitcoin is digital gold and called the largest digital currency a store of value, during a packed panel at Consensus 2025 in Toronto. “I really believe in digital gold, which is bitcoin, right? I believe in the store of value,” Trump said. … Read more
The cryptocurrency market is experiencing significant fluctuations as global economic factors and regulatory developments create both challenges and opportunities. Litecoin’s recent price action reflects this broader market sentiment, with the cryptocurrency encountering strong resistance at $101.65 after reaching a peak of $101.90. Despite the subsequent correction to the $95-$96 range, LTC has shown resilience with … Read more
Ethereum co-founder Anthony Di Iorio shared Thursday that he thinks the blockchain wasn’t necessarily meant to be a “competitor to Bitcoin,” but rather “it was meant to be an alternative.” Speaking to a crowd at Consensus 2025, Di Iorio shared with the audience about his time during Ethereum’s early days, noting back then that he … Read more
Kevin O’Leary, chairman of O’Leary Ventures, said the crypto industry isn’t regulated enough — which is holding digital assets back from true institutional adoption. Speaking at Consensus 2025 in Toronto on Thursday, O’Leary said crypto assets under management (AUM) have hit a wall, which he attributed to a lack of regulatory clarity that has prevented … Read more
The daughter and grandson of a French crypto exchange CEO were targeted in a failed kidnap attempt, adding to the growing number of crypto-related kidnapping cases in the country, France 24 reported on Tuesday. A video widely shared on social media showed the attempt, in which three masked men wrestled the woman and another person … Read more
The cryptocurrency market is experiencing significant turbulence as Uniswap’s UNI token faces intense selling pressure. After establishing resistance at $6.780, UNI cascaded downward with multiple high-volume selling periods, breaking below critical support levels, according to CoinDesk Research’s technical analysis data model. This volatility comes as blockchain data reveals large institutional holders transferred substantial UNI positions … Read more
After a suddenly rocky road for the U.S. legislative effort to regulate stablecoin issuers, the Senate is poised to move forward again with newly polished language in the bill that may see some procedural movement as soon as Thursday. The Senate’s stablecoin push veered off course a week ago when Democrats objected, primarily to President … Read more
Berachain is focused on building “decorrelated populations” of users to guard against market reflexivity, said Smokey the Bera, theblockchain’s pseudonymous founder, onstage at CoinDesk’s Consensus 2025 event in Toronto. Reflexivity is a big concern in decentralised finance and crypto. It refers to the self-reinforcing effect of market sentiment. Rising prices often attract buyers and create … Read more
0x, a decentralized exchange infrastructure firm, announced the acquisition of rival Flood, a move the firm says will help it compete in the hyper competitive aggregation market. Decentralized exchanges — or DEXs — are a cornerstone of the DeFi ecosystem. They let blockchain users swap between assets without the need for an intermediary or middleman … Read more
Today’s Crypto for Advisor newsletter is coming to you from Consensus Toronto. The energy is high as digital asset policy makers, leaders and influencers gather to talk about bitcoin, blockchain, regulation, AI and so much more! Attending Consensus? Visit the CoinDesk booth, #2513. If you are interested in contributing to this newsletter, Kim Klemballa will … Read more
The cryptocurrency market is feeling the effects of shifting global economic conditions as Shiba Inu (SHIB) faces significant downward pressure. The meme token’s recent price action shows a clear downtrend with consecutive lower highs, breaking through multiple support levels. The most intense selling occurred during the 07:00 hour when price collapsed to 0.0000149, with volume … Read more
TORONTO — Lucas Matheson, CEO of Coinbase Canada, made a case for Canada’s new government to create a national crypto strategy during his appearance at Consensus 2025 in Toronto. Speaking on a panel titled, “What the new Canadian Government Needs to do to Lead In Crypto,” Matheson outlined some key steps he believes will help … Read more
Movement Labs, the scandal-plagued crypto startup backed by Donald Trump’s World Liberty Financial, quietly promised large stakes of its token to early insiders—undisclosed deals that now raise fresh questions about who really holds power behind the scenes. Even before its token launch, Movement Labs committed large portions of MOVE’s supply to a handful of early … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Imagine two major newspapers both endorsing the same presidential candidate. The joint support indicates that the candidate probably has a broad backing. Similarly, when price charts for both bitcoin BTC and Strategy (MSTR) — the largest publicly-listed BTC holder — … Read more
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 3216.65, down 2.4% (-79.51) since 4 p.m. ET on Wednesday. None of the 20 assets are trading higher. Leaders: BTC (-0.9%) and LTC (-1.8%). Laggards: NEAR (-5.7%) and POL … Read more