CoinDesk

There’s something that stands out about Monday’s suspicious transfer of more than 3,520 BTC ($330.7 million) to privacy coin monero (XMR), a conversion that blockchain sleuth ZachXBT said was probably linked to a hack: coordinated activity in the derivatives market. Monero, which obscures the sender’s and recipient’s addresses to provide an untraceable currency, has limited … 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 2780.05, up 0.4% (+9.87) since 4 p.m. ET on Monday. Nine of 20 assets are trading higher. Leaders: BCH (+6.3%) and ETH (+1.8%). Laggards: SUI (-2.6%) and HBAR (-2.1%). … Read more

On April 14, someone put in a sell order for 2,500 bitcoin, worth roughly $212 million, on the Binance order book at $85,600, around 2-3% above the spot prices trading at the time. Seeing such a large order, the bitcoin price started to gravitate to this level at around 17:00 UTC. Suddenly, the order was … Read more

The dog-themed bonk inu (BONK) token on Solana could be one to watch for in the coming weeks as a new token issuance platform uses part of its fees to buy the token, with nearly $1 million generated in the first three days after launch. Letsbonk.fun, built by members of the BONK community and Raydium, … Read more

Miden, a protocol specializing in privacy and fast transaction speeds for large institutions, is spinning out of Polygon and has raised $25 million in a seed round. The funding will be used to develop the Miden’s roadmap, including ecosystem expansion and developer tooling. This round was led by a16z crypto, 1kx and Hack VC, with … Read more

Bitcoin staking protocol Solv, which has over $2 billion worth of BTC locked on its platform, announced Tuesday the launch of a Shariah-compliant yield product called SolvBTC.core. The new offering, a liquid staking token for BTC, has been developed in collaboration with the Core ecosystem, which offers a range of DeFi applications, including lending, restaking, … Read more

By James Van Straten (All times ET unless indicated otherwise) Bitcoin (BTC) remains stuck near the $95,000 mark, apparently unfazed by the Canadian election result, which saw the crypto-friendly candidate for prime minister lose his seat. Key macroeconomic data due later this week could serve as a catalyst for bitcoin’s next move, with the standout … Read more

SIGN, the token linked to its namesake’s multi-chain identity protocol, rose by 60% on Tuesday after being listed on Korean exchange Upbit. The listing follows the token’s release on Binance, where it became the first project to be selected by the Binance Alpha campaign. Trading was initially muted on Binance as it traded between $0.06 … Read more

The BlackRock iShares Bitcoin (BTC) Trust ETF (IBIT) saw $970.9 million in inflows, marking its second-largest net inflow since launching in January 2024, according to Farside data. Monday accounted for $591.2 million in new capital, which saw heavy outflows from competitors: Fidelity’s FBTC lost $86.9 million, Bitwise’s BITB dropped $21.1 million, and ARK’s ARKB saw … Read more

Viant Technology (DSP), an ad tech company, could unlock significant shareholder value by adopting a bitcoin (BTC) treasury strategy according to Eric Semler, the chairman of Semler Scientific (SMLR), the scientific-equipment maker that also adopted a bitcoin-buying policy. Viant joins Zoom Communications (ZOOM) and Coursera, Inc. (COUR) on Semler’s list of “Zombie Zone” companies that, … Read more

Circle, the issuer of the second-largest stablecoin, USDC, said it received in-principal regulatory approval from Abu Dhabi, paving the way for an expansion across the Middle East. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) granted the company the preliminary green light to operate as a money services provider, edging closer … Read more

Alex Mashinsky, the founder and former CEO of collapsed crypto lender Celsius Network, faces the prospect of spending the next two decades behind bars if the U.S. Department of Justice’s sentencing memo request is granted. In the memo filed late Monday, the DOJ urged the court to impose a 20-year prison sentence, calling the crimes … Read more

Bitcoin and broader crypto markets were little changed in the past 24 hours with exchange-traded funds (ETFs) tracking the asset attracting over $590 million in inflows on Monday, extending a six-day streak. That marked a week of inflows for the first time since late March, coming as bitcoin’s appeal as a safe-haven asset continues to … Read more

Bitcoin-friendly Conservative Leader Pierre Poilievre will no longer be a Member of Parliament after losing his seat in an election which saw Mark Carney’s Liberal Party secure enough seats to form at least a minority government. Data from Elections Canada, reported by the CBC, shows Poilievre lost his Ottawa-area seat to Liberal Brunce Fanjoy on … Read more

Bitcoin (BTC) fell early in the U.S. trading session, but mostly held firm as poor macroeconomic news rolled in. The top cryptocurrency late in the day was trading just below $95,000, up 0.5% over the past 24 hours. The CoinDesk 20 — an index of the top 20 largest cryptocurrencies by market capitalization excluding memecoins, … Read more

Marco Santori, the former chief legal officer at Kraken, has joined Pantera Capital as a general partner on the investment team. Santori, who stepped down from Kraken in January of 2025, will focus on expanding Pantera’s crypto portfolio, while acting as a resource for portfolio companies on regulatory compliance and strategic growth, according to a … Read more

Tether’s gold-backed stablecoin, Tether Gold (XAUT), reached a $770 million market capitalization as of April 28, according to the company’s first attestation under El Salvador’s financial regulations. “While central banks are stacking up hundreds of tons of gold, XAUt is set to become the standard tokenized gold product for the people and institutions,” Tether CEO … Read more

Bitcoin (BTC) miners’ first-quarter results may disappoint because the hashprice, a measure of daily mining profitability, fell further and trade tariffs weighed on the market, asset manager CoinShares (CS) said in a blog post on Friday. “Q2 results may show deterioration, as tariffs on imported mining rigs range from 24% (Malaysia) to 54% (China),” analysts … Read more

Mastercard is moving deeper into the digital asset economy by launching new global capabilities to support stablecoin payments across its vast merchant network, the company announced Monday. The payments giant is working with crypto exchange OKX to roll out the “OKX Card,” aimed at linking crypto trading and Web3 activities with everyday spending. Meanwhile, merchants … Read more

Coinbase Asset Management is rolling out a new fund for institutions to receive a yield on their bitcoin (BTC) holdings. Opening on May 1 for non-US institutional investors, the Coinbase Bitcoin Yield Fund aims to deliver a 4% to 8% annualized net return, according to a press release on Monday. Among those backing the fund, … Read more

Did AI write the sentence that you’re reading right now? Did AI create the photograph you just saw online? Was the shocking, controversial story that tipped an election actually real, or AI-fueled misinformation? These are questions Clara Tsao has wrestled with for years, ranging from protecting national security (where she was the CTO of a … Read more

Political bettors on Polymarket and other platforms are paying attention to Canada as the nation heads to the polls. As the country’s 45th election comes to a close, a contract asking bettors to predict who will be Canada’s next Prime Minister gives the Liberal Party’s Mark Carney a 78% chance, and the Conservatives’ Pierre Poilievre … 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 2800.9, up 1.3% (+34.92) since 4 p.m. ET on Friday. Nine of 20 assets are trading higher. Leaders: XRP (+5.8%) and SUI (+5.2%). Laggards: BCH (-6.2%) and UNI (-4.8%). … Read more

Strategic allocation away from U.S. assets by investors could see bitcoin hit a new all-time high in the second quarter of the year, Standard Chartered’s Geoff Kendrick said in a report Monday. Kendrick sees the world’s largest cryptocurrency as reaching $120,000 this quarter as he reiterated his previous target of $200,000 by the end of … Read more

Ethereum Foundation researcher Dankrad Feist on Sunday filed the Ethereum Improvement Proposal 9698, a plan to let the blockchain’s gas limit grow on autopilot over the next four years. Feist is best known in crypto circles for his efforts in scaling the Ethereum network. The “danksharding” element of the network’s Dencun update was named after … Read more

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR) Strategy (MSTR) added another 15,355 BTC to its balance sheet over the past week, spending about $1.42 billion on the purchase, or an average price of $92,737 per bitcoin, according to a filing published on Monday. The company’s bitcoin holdings have now risen … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) was little changed Monday, adding less than 1% amid renewed trade tensions and concerns of geopolitical instability that spread into the Indian subcontinent, where India and Pakistan are exchanging small-arms fire. The cryptocurrency rose 0.75% in the past 24 hours, turning positive for the … Read more

Crypto lender Nexo said it is reentering the U.S., marking a comeback two years after regulatory friction forced its exit. “America is back and so is Nexo,” Co-founder Antoni Trenchev said at a press event Sunday in Bulgaria with Donald Trump Jr., crediting what he described as a more favorable environment for innovation under the … Read more

On-chain researcher ZachXBT may have determined why privacy coin Monero (XMR) surged as much as 40% early Monday: Someone probably got hacked. ZachXBT reported that 3,520 bitcoin (BTC) ($330.7 million) was drained from an address and then swapped for XMR. Market data shows a spike in volatility coming from an excess in buy orders for … Read more

Bitcoin (BTC) returned to positive territory for the year for the first time in almost two months, approaching $95,000 and erasing a drop of as much as 18%. Its current performance, up less 1.5% since Dec. 31, places it between gold, which has gained 24% and the Nasdaq 100, which is down over 7%. As … Read more