Shares of eToro climbed nearly 29% in their debut on the Nasdaq exchange after going public at a roughly $4.2 billion valuation on Tuesday. Stock indexes saw mixed results on Wednesday, with the S&P 500 and Nasdaq trading higher and the Dow Industrials lower. Bitcoin (BTC) drifted modestly lower to $103,400.. EToro had sold nearly … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. This is Margaux Nijkerk and Sam Kessler, CoinDesk’s Tech team. In this issue: Hacking Attempt on Lido Results in 1.4 Ether Lost From Oracle Provider Bitcoin DeFi Security Improves as Rootstock Boosts Hashrate Share Ethereum’s Next Upgrade ‘Fusaka’ Could … Read more
ADA’s Charles Hoskinson wants crypto’s tribal warfare to end, and he’s prepared to drop tokens on 37 million wallets across eight different blockchains to make peace. “Every Consensus, there’s a new token… running around saying, ‘my thing is better than your thing,’” Hoskinson said on stage at Consensus 2025 in Toronto. “The Nash equilibria is … Read more
Bitcoin’s (BTC) long-term potential remains largely untapped, according to Dan Morehead, founder and CEO of Pantera Capital, who took the Mainstage at Consensus 2025 in Toronto on Wednesday. “There are a couple more decades to go of outsized returns in bitcoin,” Morehead told the audience, underscoring Pantera’s ongoing conviction in the asset class. Morehead offered … Read more
U.S. President Donald Trump’s crypto ventures, including the launch of his TRUMP memecoin in January, have complicated bipartisan efforts to get stablecoin legislation passed, Rep. French Hill, a lawmaker at the center of the industry’s crypto efforts in Washington, said Wednesday at Consensus 2025 in Toronto. However, Hill — chairman of the House Financial Services Committee, … Read more
Top House Democrats sent a letter to the U.S. Treasury Department Wednesday, asking its money laundering watchdog to hand over all suspicious activity reports (SARs) tied to President Donald Trump’s crypto ventures. In a letter sent to Treasury Secretary Scott Bessent, Reps. Gerald Connolly (D-Va.), Joe Morelle (D-N.Y.) and Jamie Raskin (D-Md.) — the ranking … Read more
“Three trillion is like a mag 7 stock, 20 trillion is an asset class,” said Anthony Scaramucci, founder and CEO of SkyBridge Capital. “So if you tell me that bitcoin can get to $500,000, people will be writing stories that bitcoin is an asset class.” That provocative benchmark from Scaramucci set the tone for a … Read more
In the absence of a U.S. federal framework, New York’s crypto regulatory regime remains a guide for domestic and international regulators, and that includes Congress, Adrienne Harris, head of the New York Department of Financial Services, said Wednesday at Consensus 2025 in Toronto. Harris said the process to become regulated in her state can be … Read more
Stablecoins are shifting from tools for crypto traders to the backbone of global finance and represent a “meaningful innovation for global payments,” Jack McDonald, senior vice president of stablecoins at Ripple, said on Wednesday at Consensus 2025 in Toronto. Speaking at a recent panel alongside crypto exchange Kraken’s head of consumer Mark Greenberg, McDonald argued … Read more
Global economic uncertainties are creating ripple effects across cryptocurrency markets, with Cardano (ADA) demonstrating notable volatility amid shifting investor sentiment. After rallying 22% weekly, ADA has established a trading range between $0.795 and $0.841, reflecting both profit-taking and strategic accumulation by larger investors. Recent developments have strengthened Cardano’s market position, particularly its addition to Grayscale’s … Read more
Bee Maps, a project on Hivemapper, one of the largest decentralized physical infrastructure networks (DePIN) focused on mapping data on Solana, shared Wednesday that it has teamed up with ride-hailing giant Lyft to provide them more accurate mapping data. The move underscores the growing role of crowdsourced geospatial intelligence in the transportation industry, and signals … Read more
Like springtime in New York City, the crypto market got hot, all at once, in early May. After weeks of navigating choppy seas, influenced in part by anxieties surrounding the administration’s trade brinksmanship, a palpable shift in sentiment propelled the crypto sphere into a notable rally. Bitcoin shape-shifted from a tariff tantrum mooring into a … Read more
Crypto insurer Chainproof announced a new product Wednesday that lets Ethereum stakers protect against slashing and guarantees them a minimum yearly yield. Slashing, while rare, is a big concern for stakers. It’s a feature that keeps the validators who process transactions on Ethereum in check by taking away some of their tokens if they publish … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. A momentum indicator, with a strong track record of forecasting major bitcoin (BTC) price moves, has flipped bullish, reinforcing analysts’ recent predictions of a rally to $150K–$200K. The technical analysis indicator is called the Moving Average Convergence Divergence (MACD) histogram, … Read more
Thailand’s Ministry of Finance is set to issue 5 billion baht ($150 million) of its digital investment token – the G-Token, within two months, to raise funds from the public, Finance Minister Pichai Chunhavajira said at a Tuesday briefing. This story was originally reported by Bloomberg. The announcement came after the cabinet endorsed the new … Read more
Messaging app Telegram has closed thousands of channels belonging to suspected Chinese crypto-crime marketplaces after new research shed light on the situation, according to Elliptic. The closure follows a report published by the blockchain analytics firm on Tuesday into the fast-growing Telegram-based marketplace called Xinbi Guarantee. The Colorado-incorporated marketplace has processed over $8.4 billion worth … Read more
Global markets are navigating uncertain waters as trade tensions between major economies intensify, creating ripple effects across traditional and cryptocurrency markets. Against this backdrop, Solana has emerged as a standout performer, surging over 5% in a volatile 24-hour period and establishing new support above the crucial $180 level for the first time since February, according … Read more
JPMorgan (JPM) took its first step onto a public blockchain network through its Kinexys Digital Payments platform, settling a tokenized U.S. Treasury transaction on Ondo Chain’s testnet. The pilot, detailed in a press release shared with CoinDesk, marks the debut of a Delivery versus Payment (DvP) transaction on the testnet, a new layer-1 blockchain designed … Read more
Summer Mersinger, one of the Republican commissioners at the Commodity Futures Trading Commission, will soon take over the Blockchain Association as its incoming chief executive, a top official at the association confirmed on Wednesday. The organization, one of the leading crypto lobbying voices in Washington, will be absent a leader when longtime CEO Kristin Smith … Read more
The cryptocurrency market is showing mixed signals as geopolitical developments create both opportunities and challenges for digital assets. TRON’s TRX token demonstrated remarkable strength with a 4.8% rally over a recent 24-hour period, climbing from $0.264 to $0.276 before experiencing a slight correction. This uptrend coincided with TRON achieving a significant milestone by overtaking Ethereum … Read more
Coinbase CEO Brian Armstrong is offering a new home for staffers departing the U.S. government’s Department of Government Efficiency (DOGE). On social media, Armstrong encouraged former DOGE operatives to apply for roles at the crypto exchange through a fast-track hiring process. The move came after a Fox News clip featuring Ethan Shaotran, a 22-year-old former … 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 3335.09, down 1.0% (-34.87) since 4 p.m. ET on Tuesday. One of 20 assets is trading higher. Leaders: XRP (+0.9%) and AVAX (-0.1%). Laggards: UNI (-6.8%) and APT (-4.6%). … Read more
Speculative bets are piling into XRP and dogecoin (DOGE) futures even as spot prices show signs of losing momentum, signaling rising appetite for volatility and downside risk. In the past week, DOGE futures open interest surged from $989 million to $1.62 billion, a 63.9% jump, according to data from on-chain analytics firm Glassnode. DOGE is … Read more
Hardening government bond yields, especially on U.S. treasury notes, have traditionally been viewed as a headwind for bitcoin (BTC) and other risk assets. However, recent persistent resilience in treasury yields suggests a different story — one driven by factors that could be bullish for bitcoin, according to analysts. The U.S. data released Tuesday showed the … Read more
Bitcoin (BTC) has changed a lot in four years, distancing itself from shady centralized entities like FTX and emerging as the plat du jour among institutional investors. However, this month’s drive back into six-figures amid cooling tariff tensions is presenting a number of warning signs that appear eerily similar to the 2021 cycle high. In … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Investors are still rotating money into altcoins, lifting valuations for ETH, RAY, ENA, MKR and other tokens while leaving bitcoin (BTC) little changed above $100,000. While the biggest cryptocurrency by market value is just 7% short of hitting a new high, its 30-day options-based implied or … Read more
Standard Chartered (STAN) is now providing banking services for institutional prime broker FalconX. The San Mateo, California-headquartered broker will access a range of currency pairs, helping to enhance the speed and reliability of its cross-border settlement, FalconX said in an announcement on Wednesday. Prime brokers are an important cog in financial markets, providing financing, trading … Read more
Ethereum-based derivatives powerhouse Synthetix is considering buying options trading platform Derive in an token-for-token deal valued at $27 million that would see the project absorbed back into the protocol that gave it birth. The proposal, SIP-415 on Synthetix and DIP on Derive, needs to be approved by both communities and would see Derive’s treasury, codebase … Read more
Ether (ETH) and dogecoin (DOGE) led majors gains on Wednesday with a 9% jump in the past 24 hours, extending a bullish streak that’s seen both tokens gain double digits over the past week. The broader crypto market showed modest gains with total capitalization up 1.7%, per CoinGecko, with bitcoin (BTC) hovering around $103,700 in … Read more
Quantum computing poses a real threat to crypto, and slow-moving governance processes risk leaving blockchains vulnerable, according to Colton Dillion, a co-founder of Quip Network, which provides quantum-proof vaults for storing digital assets. While the technology, which uses the quantum states of subatomic particles to perform calculations instead of transistors and binary code, is still … Read more