CoinDesk

As risk assets including cryptocurrencies struggled on Thursday amid tariff uncertainties, tokenized gold once again emerged as an outperformer in the carnage. The market capitalization of gold-backed tokens swelled to just under $2 billion on Wednesday, up 5.7% over the past 24 hours, according to CoinGecko data. The rise coincided with the yellow metal briefly … Read more

NEW YORK, NY — A recent U.S. Department of Justice staff memo dismantling the DOJ’s crypto unit and narrowing the scope of its crypto-related enforcement priorities will have no impact on the prosecution of Terraform Labs co-founder and former CEO Do Kwon, prosecutors said Thursday. The memo, sent Monday evening by U.S. Deputy Attorney General … Read more

Just two months ago, the total value of funds locked (TVL) on HyperLiquid, a decentralized derivatives exchange (DEX) that allows traders to generate returns by staking to a shared vault, sat at a record $540 million. Now, users are fleeing, TVL has slumped to $150 million and the yield has dropped to a measly 1%, … Read more

The chief financial officer of crypto marker maker Portofino Technologies, Mark Blackborough, has recently left the business. “We can confirm that our CFO is transitioning out of the business. As we scale and adapt to new opportunities in the market, we’re continuously evolving our leadership team to align with our long-term strategic goals,” a company … Read more

After U.S. markets enjoyed a brief gasp of relief on Wednesday, charts got ugly again on Thursday as focus shifted to a potential bigger conflict between the U.S. and China. Bitcoin (BTC), which rose more than 8% the day prior, dipped about 4% below $80,000 again on Thursday. The decline in bitcoin came alongside a … Read more

In the Ancient Greek tale of Oedipus, great rewards awaited travelers able to solve difficult riddles, but a powerful sphinx posed the riddles and devoured those who failed to solve them. Similarly, in ancient crypto times, circa 2017, blockchain technology stood to revolutionize finance and other fields. But two challenges stood in the way of … Read more

Amid growing trade disputes between major economies, cryptocurrency markets are showing mixed reactions, with Tron (TRX) demonstrating particular resilience. Tether’s recent minting of 1 billion USDT on the Tron network signals continued institutional interest despite market volatility. Technical Analysis Highlights TRX recovered from a 7.5% correction, rebounding from 0.221 on April 7th to reach 0.243 … Read more

Bitcoin (BTC), currently around $81,000, could soar as high as $250,000 as early as this year with tech giants like Microsoft (MSFT) and Apple(AAPL) entering the crypto arena, according to Charles Hoskinson, the founder of the Cardano blockchain. Hoskinson’s comment echoes the sentiments of investors including Fundstrat’s Tom Lee and venture capitalist Tim Draper as … Read more

Block Inc. has agreed to pay $40 million to settle accusations from the New York Department of Financial Services that the company didn’t properly manage its money-laundering safeguards, according to a statement from the regulator on Thursday. Block, which operates Cash App for peer-to-peer transactions and was formerly known as Square Inc., is under orders … Read more

The cryptocurrency market is navigating turbulent waters as geopolitical tensions and trade policies reshape investor sentiment. BNB’s recent price action, featuring a 13.2% trading range, highlights the heightened volatility affecting digital assets. Technical analysis reveals key support around $540-$545 and resistance at $565-$570, with trading volumes spiking during both selloffs and recovery phases, according to … Read more

In today’s crypto for advisors, Zac Townsend from bitcoin life insurance company Meanwhile explains estate planning options for managing bitcoin inheritance. Then, Peter Dunworth from The Bitcoin Adviser answers questions about these strategies from an advisor’s point of view in Ask an Expert. – Sarah Morton You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that … Read more

The move to introduce a spot dogecoin ETF (DOGE) to the U.S. market now includes three crypto-focused asset managers, with 21Shares joining Bitwise and Grayscale. The Switzerland-based crypto asset manager submitted an initial S-1 filing with the U.S. Securities and Exchange Commission on Thursday. The fund would be custodied by 21Shares and Coinbase. The management … Read more

After three years on mainnet, Aptos still occupies an unusual position in the blockchain ecosystem. Born from Meta’s abandoned Libra project with backing from top-tier VCs, it entered the market with high expectations and even higher valuations. Aptos is known as a high-throughput, relatively cheap chain, built on the Move programming language for enhanced security. … Read more

Global economic uncertainties and escalating trade tensions are creating ripple effects throughout cryptocurrency markets, with Dogecoin demonstrating remarkable resilience amid the turbulence. After experiencing a sharp 21.2% correction that saw prices tumble from $0.165 to $0.130, DOGE has staged a significant recovery, while the broader crypto market staged a comeback as the CoinDesk 20 Index … Read more

In early January, after Prime Minister Justin Trudeau announced he was stepping down, all polls pointed to political upheaval in Canada should an election be called. Now, it looks to be an unprecedented fourth term for the Liberal Party, led by former Bank of Canada and Bank of England governor Mark Carney, with a contract … 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 2372.84, down 1.4% (-32.6) since 4 p.m. ET on Wednesday. Two of the 20 assets are trading higher. Leaders: HBAR (+2.5%) and ICP (+0.7%). Laggards: LTC (-4.9%) and FIL … Read more

Decentralized finance (DeFi) protocol Umoja has released a product that allows Coinbase wrapped BTC (cbBTC) token holders to earn a 6% yield on layer-2 network Base. Umoja achieves its yield by tapping into a range of centralized and decentralized exchange strategies including covered calls and arbitrage, which involves buying an asset at on one venue … Read more

Inflation in the U.S. actually declined at the headline level last month and the core rate barely rose, possibly reigniting debate about whether the Federal Reserve would resume trimming rates at its next meeting in May. The Consumer Price Index (CPI) fell 0.1% in March. Economists had expected a 0.1% increase, following February’s 0.2% gain. … Read more

Bitcoin (BTC) project Babylon has launched its layer-1 blockchain “Genesis” as it moves to the next stage of building its staking protocol which has already drawn over $4 billion in total-value locked (TVL). Babylon allows BTC holders to earn yield on their assets, which are used to provide security and liquidity for proof-of-stake networks. Bitcoin … Read more

Tariffs and trade tensions could ultimately be positive for bitcoin (BTC) adoption in the medium term, asset manager Grayscale said in a research report Wednesday. Higher tariffs result in stagflation— stagnant economic growth coupled with inflation — which is negative for traditional assets, but positive for scarce commodities such as gold, the report said. Bitcoin … Read more

Nikhil Rathi, has been re-appointed as the Chief Executive Officer of UK’s financial regulator, Financial Conduct Authority (FCA). Rathi is the first FCA CEO to be granted another five years by the Treasury and will now have more time to execute his plans for the financial sector, including crypto. Under his leadership, the FCA has … Read more

By Omkar Godbole (All times ET unless indicated otherwise) The crypto market consolidated on Wednesday’s tariff pause-spurred price bounce with memecoins, AI and DeFi tokens standing out as the best-performing crypto sub-sectors. Coins including HYPE, HBAR and SHIB led the recovery. Bullish technical patterns and a sharp overnight pullback in Treasury market volatility, as represented … Read more

Ether (ETH) fell to a two-year low of $1,412 this week and the volatility appears to have been too much for one long-time holder, who sold of the majority of their stash acquired at around $8 in 2016. On-chain data shows that the wallet in question swapped 14,015 ETH for $22 million USDC over a … Read more

The Nasdaq closed 12% higher on Wednesday, marking its second-largest gain in history, following President Trump’s decision to pause the implementation of tariffs for 90 days. Strategy (MSTR), one of the fastest-recovering stocks and a component of the Invesco QQQ Trust, Series 1 (QQQ) ETF, surged 25%. Meanwhile, the S&P 500 climbed nearly 10%, recording … Read more

Don’t be fooled by Wednesday’s market turnaround, which saw the S&P 500 equities benchmark climbing by the most since 2008 and significant gains in bitcoin (BTC) and the broader crypto market, as represented by the CoinDesk 20 (CD20) index. The rally, sparked by President Donald Trump’s announcement of a 90-day pause on tariffs, fueled social-media … Read more

Bitcoin (BTC) and altcoin spot trading volumes have declined as crypto prices entered into correction mode in the last two months, with crypto exchange Binance emerging as the preferred avenue for traders, according to a report from CryptoQuant. Total bitcoin spot trading volume on crypto exchanges declined from a high of $44 billion on February … Read more

U.S.-listed spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) saw outflows Wednesday even as the cryptocurrencies’ prices surged after President Donald Trump announced a 90-day pause in tariffs on most countries, excluding China. The 11 bitcoin ETFs lost a net $127.2 million Wednesday, with investors withdrawing $89.7 million from BlackRock’s IBIT alone, according to … Read more

Non-fungible token (NFT) marketplace Magic Eden has acquired Slingshot, a trading app that allows users to see their crypto balance across multiple protocols. Slingshot allows users to trade tokens from a single universal USDC balance, removing hurdles like wallet setup, bridging assets across chains, and juggling gas fees, thus expanding Magic Eden well past Solana … Read more

The news cycle has turned chaotic for crypto traders, courtesy of President Donald Trump’s back-and-forth tariffs announcement. In such situations, traders tend to ignore the noise and follow the tape – monitor the price chart, identify the path of least resistance and follow the same. In case of bitcoin (BTC), the tape has turned bullish, … Read more

Bitcoin (BTC) rose to nearly $82,000 early Thursday to usher gains across the crypto market after a U-turn on tariffs led to relief in broader equity markets on Wednesday, prompted by President Donald Trump changing course on a steep tariff levy globally. XRP and ether (ETH) led gains among crypto majors with a 12% surge, … Read more