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
This Bitcoin-focused hedge fund outperformed bitcoin last year. 210k Capital, the hedge fund for UTXO Management, was the fifth best performing single major hedge fund in 2024 according to HFR. It returned 164% net of fees in 2024. UTXO Management is the investing arm of BTC Inc., of Bitcoin Magazine and Bitcoin Conference fame. This … Read more
Binance Futures will soon introduce LDUSDT, a reward-bearing margin asset that accrues rewards to holders. Traders can swap their tether (USDT) on Binance’s Simple Earn Flexible Product for LDUSDT, which can then be utilized as margin for stablecoin-margined futures trading. Binance said LDUSDT builds on the success of BFUSD, its inaugural reward-bearing margin asset, which … Read more
As of Wednesday morning, the yield on the UK’s 30-year government bond soared to 5.5%—its highest level since 1998—mirroring a broader climb in U.S. sovereign yields and sparking fresh concerns about financial market stability. Surging global bond yields are exerting significant downward pressure on risk assets. Since the U.S. equity sell-off began last Thursday, the … Read more
In a dramatic escalation of trade tensions, China has announced an 84% tariff on all imports from the United States, effective from April 10, 2025, according to the Ministry of Finance of the People’s Republic of China. The move comes in direct response to the U.S. increasing its own tariffs on Chinese exports from 34% … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Markets remain squarely focused on the U.S.-China trade tussle and headlines from both countries. Bitcoin fell below $75,000 during the Asian morning, with S&P 500 futures nursing a 2% loss after the U.S. lifted the total levy on the world’s second-largest economy to 104%. The Australian … Read more
This week’s tariff-inspired market meltdown has led to a rapid sell-off across crypto-assets, with BTC trading below $80K and ETH hitting a two-year low of $1,432. The decentralized finance (DeFi) sector was not entirely immune to the chaos as total value locked (TVL) slumped to its lowest point since November at $95 billion. But it … Read more
Crypto exchange Kraken is teaming up with Mastercard to let crypto holders in the UK and Europe spend their digital assets at more than 150 million merchants worldwide, Mastercard announced. Kraken will offer physical and digital debit cards, allowing customers to use crypto and stablecoins in everyday transactions. It’s the latest development in Kraken Pay, … Read more
Nouriel Roubini, the economist who predicted the 2008 global financial meltdown to earn himself the nickname Dr. Doom, warned traders against relying on the Federal Reserve for a swift resolution to the financial market instability sparked by President Donald Trump’s tariffs on international trade. A week ago, Trump announced sweeping tariffs against many nations, including … Read more
Investment manager ARK Invest, which is known for buying the dip when markets go south, has purchased 199,401 Coinbase (COIN) shares in the past three days. The Cathie Wood-run company bought 83,157 shares of the crypto exchange on Friday, followed by 84,514 and 31,730 on Monday and Tuesday, respectively, according to the company’s daily emailed … Read more
The bitcoin (BTC) price is likely to become more volatile after dipping below $75,000 twice in the past week as it extends its drop from the all-time high of $109,000 reached on Jan 20. That’s taken it into what Glassnode shows as an “air pocket” between $70,000 and $80,000 created after the largest cryptocurrency soared … Read more
Argentina’s lower house of Congress has approved a series of measures aimed at probing the LIBRA cryptocurrency that rocked the country after being promoted by President Javier Milei earlier this year. In a special session called by the “Democracy Forever” bloc, deputies passed three resolutions: the formation of an investigative commission, the summons of top … Read more
The American legal tradition of federalism, balancing state authority with federal control, is being tested by a new frontier: online prediction markets. At the center of everything is Donald Trump Jr., advised Kalshi. Nevada and New Jersey have issued cease-and-desist orders against Kalshi over the prediction market’s sports contracts, claiming they violate state gambling laws. … Read more
Majors XRP, Solana (SOL), and Cardano (ADA) are each seeing a roughly 6% price slump in the past 24 hours amid broader macroeconomic pressures. Recent market narratives show uncertainty around U.S. policies, including tariffs and a hawkish Federal Reserve stance with fewer expected rate cuts in 2025, providing the fundamental backdrop for a move further … Read more
The worst fears for risk assets, including cryptocurrencies, are coming true, and that has raised the risk of bitcoin (BTC) falling below $74,000 in a move that could shake out leveraged long bets. On Sunday, CoinDesk discussed the possibility of pronounced downside volatility in risk assets due to a potential unwinding of the Treasury market … Read more
Bitcoin (BTC) dipped to nearly $75,000 early Wednesday, before slightly recovering, as Trump’s sweeping global tariffs went into effect on Wednesday. Ether (ETH) dived 10%, leading losses among major tokens, with xrp (XRP), dogecoin (DOGE), BNB Chain’s BNB, Solana’s SOL and Cardano’s ADA down more than 5%. Overall market capitalization decreased 6%, extending a 7-day … Read more
Bitcoin investors may not exactly feel it, but BTC has been a relatively good bet since President Trump’s tariff plans last week resulted in historic losses in traditional markets. While stocks and other mainstream investments have been falling off a cliff since the “Liberation Day” announcement April 2, bitcoin has remained relatively steady losing “only” … Read more
The crypto market’s relief rally fizzled out on Tuesday as stocks gave up big early gains and turned lower alongside the Trump administration’s plan to imminently enforce punitive tariffs against China. After staging a brief rally to the $80,000 mark, bitcoin (BTC) had slumped back to $76,500 before stabilizing below $78,000. Recently, the top cryptocurrency … Read more
Borrowing demand across decentralized finance (DeFi) protocols plunged sharply in the wake of the recent crypto market turmoil, a sign of widespread deleveraging as crypto investors unwound risky positions. The average U.S. dollar stablecoin yield — what protocols pay out to lenders for lending out their assets — fell to 2.8% on Tuesday to its … Read more
“Hi Curly, kill anyone today,” said Billy Crystal’s Mitch to Jack Palance’s Curly in City Slickers. “Day ain’t over yet,” replied Curly. Bernstein, though, is ready to call it a day, saying bitcoin’s (BTC) being down just 26% from its record high of less than three months ago shows resilience. Previous crises, such as the … Read more
The DAO running Aavegotchi, a niche non-fungible token (NFT) game, voted overwhelmingly to migrate the entire ecosystem to Base from Polygon, a move reflecting shifting developer and user sentiment in the broader Ethereum layer-2 landscape. With 93.25% of the vote in favor, the proposal — titled “Make Aavegotchi Based Again” — lays out plans for … Read more
One of the oldest Bitcoin ecosystem projects is moving to the next stage of enabling developers to build layer-2 networks using its computational layer. Rootstock is one of many projects currently advancing the goal of bringing greater utility and interoperability to Bitcoin, which it is doing using “BitVMX”, a modified version of the BitVM programming … Read more
“Decoupling” is back, but not in the way bitcoin (BTC) bulls would like. After “Black Monday” never materialized in the U.S., stocks on Tuesday are flying higher, but bitcoin is headed in the opposite direction. Roughly two hours into the U.S. trading day, the Nasdaq is ahead 3% and the S&P 500 nearly that much. … Read more
The U.S. Department of Justice (DOJ) axed its crypto unit on Monday, telling staff that the DOJ would be “narrowing” its crypto enforcement activities in accordance with U.S. President Donald Trump’s January executive order on digital assets, which pledged to establish “regulatory clarity and certainty” for the crypto industry. In his four-page memo to staff … Read more
Frank Spiteri, head of asset management at CoinShares (CS), left the crypto investment manager recently, according to two people with knowledge of the matter. His departure was not part of a wider cull at the Saint Helier, Jersey-based company, which is currently recruiting for a number of positions, said one of the people who spoke … Read more
Coinbase (COIN) is more than just a crypto trading platform, Wall Street broker Cantor said in a research report Tuesday, initiating coverage of the stock. Cantor assumed coverage of the crypto exchange with an overweight rating and a $245 price target. In early trading, the shares were up more than 5%. “Markets are missing what … Read more
Frank Holmes has had a long career as a money manager: financing gold mining companies; getting involved in the creation of gold royalty companies; developing financial products for the airline industry — all of this with U.S. Global Investors (GROW), the publicly-traded asset management firm he’s been leading since 1989. He’s also the chairman of … 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 2309.92, up 2.5% (+55.35) since 4 p.m. ET on Monday. Nineteen of the 20 assets are trading higher. Leaders: HBAR (+8.6%) and APT (+5.6%). Laggards: FIL (+0.0%) and AAVE … Read more
Plume, a blockchain platform focused on real-world assets (RWAs), said on Tuesday it secured an investment from funds managed by private equity giant Apollo Global Management as it looks to scale up its infrastructure and bring more traditional financial products on-chain. The protocol did not disclose the terms of the funding. A spokesperson for Plume … Read more
Real-world asset tokenization platform Centrifuge has launched its latest upgrade, Centrifuge V3, in partnership with multichain messaging protocol Wormhole. The new system is designed to make it easier for fund managers and investors to manage tokenized assets across multiple blockchains using a single interface. The rollout begins with a $230 million fund from Anemoy, a … Read more