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
Remember the old days when calling or sending a message via text outside the country cost money? With the help of modern messaging apps like WhatsApp, paying for cross-border calls and texts is now obsolete. For money transfers, stablecoins might do just that: democratize the payments industry by eliminating historical gatekeepers, says venture firm Andreessen … Read more
Paul Atkins is just one oath away from taking over the U.S. Securities and Exchange Commission as President Donald Trump’s pick to oversee the nation’s securities sector — including whatever role the crypto sector plays in that. A swearing-in ceremony will soon put the former SEC commission in charge of the high-profile regulator — a … Read more
The Securities and Exchange Commission (SEC) gave the green light for the trading of options tied to ether (ETH) exchange-traded funds (ETFs). On Wednesday, the regulator approved a filing from Nasdaq ISE, filed last July, which asked to list options contracts on the BlackRock’s iShares Ethereum Trust (ETHA). Options are a popular trading vehicle to … Read more
Ukraine’s top financial regulator is floating the idea of taxing cryptocurrency as personal income, with possible carveouts for certain foreign asset-backed stablecoins, under a newly proposed taxation matrix published on Tuesday. In a translated letter introducing the potential new approach, Ruslan Magomedov, head of Ukraine’s National Securities and Stock Market Commission, said that effective tax … Read more
Under far heavier pressure than the rather modest decline in bitcoin (BTC) over the past few days would suggest, crypto stocks are posting outsized gains as markets surge higher on the Trump tariff pause. Among the movers are Strategy (MSTR), which rose 25%, while Coinbase (COIN) climbed 21%. Marathon Digital (MARA) and Riot Platforms (RIOT) … Read more
The Trump administration’s friendliness toward the crypto sector is going to deeply change the bitcoin (BTC) lending market over the next four years. That’s according to Mauricio Di Bartolomeo, co-founder of Ledn, a firm that specializes in providing digital asset loans. “You’re going to see a Cambrian explosion of bitcoin-backed loans, because the rates are … Read more
President Trump’s administration wants a weaker dollar and that’s bullish for bitcoin (BTC), asset manager Bitwise said in a report Tuesday. “When it comes to the tariff push, the thing i’m most certain of is this: the Trump administration wants a significantly weaker dollar,” wrote Matt Hougan, chief investment officer at Bitwise. After a week … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. We’re Margaux Nijkerk and Sam Kessler, reporters on CoinDesk’s Tech team. In this issue: EigenLayer Finally Ready To Launch Critical Missing Feature RootstockLabs Prepares To Release SDKs for Bitcoin Layer 2s Using BitVMX Inside North Korea’s Favorite Crypto Laundering … Read more
Cryptocurrencies jumped on Wednesday on news that Donald Trump stepped back some tariff burdens on countries — except for China. According to Trump’s post on Truth Social, he issued a 90-day delay on tariffs and a substantially lowered 10% rate of reciprocal tariff for this period against all countries except China. Meanwhile, he said he … Read more
Justin Sun’s allegations that Hong Kong-based custodian First Digital Trust is insolvent have landed him in the cross-hairs of a defamation claim initiated by the company. First Digital’s FDUSD stablecoin briefly de-pegged on April 3 after Sun claimed the company was “insolvent,” though it has since virtually recovered, according to CoinDesk markets data. The writ … Read more
Bootstrapping decentralized finance (DeFi) on any blockchain usually requires a mix of builders with big ideas and funders to back them. That much is as true for baselayers as it is for the financial protocols launching atop them. Arch Labs, whose eponymous network is one of the many projects trying to bring DeFi to Bitcoin, … Read more
The U.S. House Financial Services Committee checked the next box in moving toward what Representative Bryan Steil referred to as the “second half” of President Donald Trump’s crypto agenda: a bill to set U.S. crypto market rules for a fully regulated domestic industry. Steil, the Republican chairman of the panel’s crypto subcommittee, said that the … Read more
Virgil Griffith, a former Ethereum developer jailed for attending a crypto conference in North Korea in 2019, was released from prison and is on his way to a halfway house, according to his lawyer, Alexander Urbelis. Urbelis, general counsel of the Ethereum Name Service who has also been serving as Griffith’s outside counsel, posted a … Read more
EMB: April 9, 16:00 UTC A blockchain-based startup in London said it closed a $50 million funding round to forward its goal of “reinventing social media.” Wunder.Social raised the funds in a round led by Rollman Management, according to an announcement shared with CoinDesk on Wednesday. The project uses blockchain technology to verify users, thereby … Read more
Tokenization of funds is booming, but their rapid rise comes with serious risks that investors should not overlook, credit agency Moody’s Ratings said in a Wednesday report. Several major financial institutions, including BlackRock and Franklin Templeton, have made their mark in the world of tokenization and inspired others to follow the latest trend. For example, … Read more
EY-Parthenon and Coinbase conducted a survey of more than 350 institutional investors globally in January of 2025. While regulatory clarity will loom large over developments in the digital assets landscape in 2025 — investors in the survey called it the #1 catalyst for growth — the survey illustrated underlying enthusiasm and an appetite for innovation … Read more
The digital asset class is highly technical. Powered by blockchain technology and globally traded 24/7, digital asset markets are fast-moving and awash in data. A systematic investment approach may lend itself well to such a market. Systematic investing can also unlock a critical and particularly well-suited feature for multi-asset crypto portfolios: automated tax-loss harvesting. You’re … Read more
World Liberty Financial, the Donald Trump family-backed DeFi project, reportedly started to sell its ether (ETH) stash at $1,465 a token despite purchasing the asset for $3,259 at the start of the year. On-chain data from Arkham shows that a wallet closely tied to World Liberty Financial sold 5,471 ETH for around $8 million on … Read more
Global Economic Tensions Impact SHIB The cryptocurrency market experienced significant turbulence as escalating trade tensions between the United States and China sent shockwaves through global financial markets. Shiba Inu (SHIB) was not spared from the selloff, plummeting to $0.00001038 – its lowest level since February 2023 – as investors fled risk assets following President Trump’s … Read more
European Union (EU) member states have approved the European Commission’s proposal to introduce retaliatory tariffs against the U.S. The bloc’s executive made the proposal as a countermeasure against the U.S.’ imposition of tariffs on imports of steel and aluminium from the EU. Duties will be collected from April 15 once the implementing act is published, … Read more
Teucrium Investment Advisors’ 2x Long Daily XRP exchange-traded fund (XXRP), the first leveraged XRP product in the U.S., racked up $5 million in trading volume on its Tuesday debut, becoming one of the company’s “most successful” introductions and posting a top 5% performance for a new ETF. The ETF is designed to deliver twice the … 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 2164.45, down 0.9% (-20.67) since 4 p.m. ET on Tuesday. Six of the 20 assets are trading higher. Leaders: LTC (+1.7%) and LINK (+1.7%). Laggards: SUI (-3.8%) and XLM … Read more