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
SOL Strategies (HODL), a Canadian company running infrastructure on the Solana network, revealed it acquired 24,000 SOL tokens in March at an average cost of about C$199 ($139.8) each. The purchase, worth around $3.37 million, brought the firm’s total SOL holdings to 267,151 tokens. Nearly all of the company’s SOL—roughly 265,295 tokens—are now staked across … Read more
Ripple has agreed to acquire multi-asset prime brokerage firm Hidden Road for $1.25 billion, marking one of the largest M&A deals in the digital asset industry to date. CoinDesk reported that Hidden Road was in active takeover talks last week. Hidden Road clears over $3 trillion annually across foreign exchange, derivatives, digital assets, and fixed … Read more
XRP could rise to $12.50 before President Trump leaves office, investment bank Standard Chartered (STAN) said in a report on Tuesday initiating coverage of the Ripple-related token. Standard Chartered predicts that XRP will reach $5.50 by the end of this year, $8 by 2026 year-end, $10.40 by the end of 2027, and $12.50 by end-2028. … Read more
Tezos-based crypto payment hub Lyzi said it raised 1.3 million euros ($1.4 million) in a seed funding round to expand the development of its platform. The round included participation from angels investors Christopher Grilhault des Fontaines, founder of Dfns, and Jean-Luc Bernard, founder of Astek, according to an emailed announcement shared with CoinDesk on Tuesday. … Read more
Bank of England (BoE) governor Andrew Bailey has been nominated to be the next chair of the G20’s financial overseer, the Financial Stability Board (FSB). The FSB’s Nomination Committee agreed to recommend that Bailey take on the role for a three year term from the beginning of July, it said in a statement on Monday. … Read more
By James Van Straten and Omkar Godbole (All times ET unless indicated otherwise) One thing markets despise is uncertainty, and right now it’s coming from all corners of the globe, largely fueled by Trump’s tariffs. Markets rebounded somewhat on Tuesday following Monday’s bloodbath in Asia and Europe, but it was more of a relief rally … Read more
Monday’s trading session will go down as one of the most volatile since the COVID crash in March 2020, with global markets caught in the crossfire as the U.S. and China face off over tariffs and neither superpower shows any impulse to back down. As equity markets teetered, the volatility spilled into every asset class. … Read more
Crypto exchange WazirX has bagged over 93% approval votes from creditors for its proposed Scheme of Arrangement, bringing victims of its $230 million July hack closer to a partial asset recovery. The voting process, conducted on the Kroll Issuer Services platform from March 19 to March 28, involved over 141,000 creditors representing $195.65 million in … Read more
Cboe Digital, the crypto arm of the Chicago Board of Options Exchange, is hoping to roll out a new bitcoin (BTC) futures product later this month if approved by regulators, the exchange said on Monday. The new trading vehicle, in partnership with FTSE Russell, will be cash-settled and based on the XBTF Index, which represents … Read more
Bitcoin (BTC) clawed its way back to almost $80,000, staging a relief rally after dipping below $75,000 late Monday and spurring a run-up in major tokens. Dogecoin (DOGE), BNB Chain’s BNB, XRP and Cardano’s ADA rose as much as 10%, alleviating some of the past 24 hours’ losses. The broad-based CoinDesk 20 (CD20) added nearly … Read more
Teucrium Investment Advisors will debut the first-ever XRP exchange-traded fund (ETF) in the U.S. The Teucrium 2x XRP ETF (XXRP) give investors a 2x leveraged exposure to the closely related Ripple token. XXRP will start trading on the NYSE Arca on Tuesday even before a standard “spot” XRP ETF has been approved by regulators. “Very … Read more
China eased its grip on the yuan (CNY) on Tuesday, allowing it to depreciate beyond a key level, likely in response to President Donald Trump’s aggressive tariffs. Crypto analysts anticipate that the yuan’s depreciation could favor bitcoin (BTC), drawing parallels to similar events from a decade ago. Early Tuesday, the People’s Bank of China (PBOC) … Read more
Galaxy Digital is moving closer to a U.S. stock market listing after the Securities and Exchange Commission (SEC) approved its registration statement tied to a corporate reorganization. The crypto and AI infrastructure firm, currently listed in the Toronto Stock Exchange, aims to shift its home base from the Cayman Islands to Delaware and list shares … Read more
The market for tokenized financial instruments, or real-world assets (RWAs), could reach $18.9 trillion by 2033 as the technology’s growth is nearing a “tipping point,” according to a joint report on Monday by Boston Consulting Group (BCG) by payments-focused digital asset infrastructure firm Ripple. That would mean an average 53% compound annual growth rate (CAGR), … Read more
Pierre Rochard, who calls himself a “bitcoin maximalist OG,” first discovered Bitcoin in 2012 while studying at UT Austin. With interests in Austrian economics and open-source software, he was “captivated” by bitcoin as the intersection of both. He became an early thought leader, co-founding the Satoshi Nakamoto Institute to house foundational writings and cypherpunk philosophy. … Read more
John-Paul Thorbjornsen, a former Australian Air Force pilot turned crypto entrepreneur, has spent recent weeks promoting his new crypto wallet, “Vultisig.” Built on THORChain — a blockchain he founded to allow crypto swaps without intermediaries — the wallet’s main selling point is that it’s harder to hack than similar apps. Recently, Vultisig — along with … Read more
BlackRock CEO Larry Fink said the market could see another 20% drop, but that the current drawdown is a buying opportunity in the long term as the current situation doesn’t pose systematic risk. “I see it more as a buying opportunity than a selling opportunity, but that doesn’t mean we can’t go down further,” Fink … Read more
JPMorgan Chase CEO Jamie Dimon is warning investors about the potential of rising prices and further slowing of the U.S. economy as a result of U.S. President Donald Trump’s tariff policy. “The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession,” Dimon warned in his annual … Read more
It’s been a wild ninety minutes in markets, with the Nasdaq swinging from about a 5% loss to a 5% gain and then returning to flat in very quick order on a story — later denied by the White House — that President Trump was considering a ninety-day delay in the implementation of his tariff … Read more
Stablecoins continue growing into a pillar of both the cryptocurrency world and the global financial system. The market has already surpassed $235 billion, showcasing that people have faith in the future of these assets. Currently, two USD-backed stablecoins (USDT and USDC) have about 90% of the market. The rest of the top-10, including USDe and … Read more
Its capital raising efforts likely on hold amid the market panic, Strategy (MSTR) did not add to its bitcoin (BTC) holdings last week. Additionally, the company expects to report a net loss for the first quarter due to a $5.91 billion unrealized loss on its bitcoin holdings, according to a filing Monday morning. This follows … Read more
Bitcoin mining stocks are taking it on the chin alongside broader equity markets as competition ramps up to an all-time high and traders panic-sell equities amid tariff-led uncertainties. Most mining stocks fell more than 10% on Monday, adding to last week’s sell-off. MARA Holdings (MARA) fell nearly 11%, Riot Platforms (RIOT) slumped about 8%, and … Read more
Cap, a yield-bearing stablecoin protocol, shared Monday that it has raised $11 million in funding from big-name financial institutions including Franklin Templeton and Triton Capital. The total funding — announced at the close of a recent $8 million seed round — will be used to develop Cap’s stablecoin engine, which is slated to launch later … 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 2173.26, down 13.5% (-338.56) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: BTC (-8.4%) and ICP (-11.0%) Laggards: LTC (-19.7%) and SUI … Read more
South Korea’s National Pension Service (NPS), which manages 1,224 trillion won ($836 billion) in assets, plans to look at how a blockchain could be used in its fund transaction systems. The organization is weighing a shift to blockchain technology to boost transparency and security in managing its deposits, withdrawals and investments, according to Seoul Economic … Read more
President Donald Trump reiterated calls for Fed rate cuts, saying there is no inflation. “Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries … Read more
By James Van Straten (All times ET unless indicated otherwise) Fear is gripping financial markets, triggered largely by President Donald Trump’s tariff announcements, with Hong Kong stocks plunging 14% on Monday, the most since the Asian Financial Crisis in 1997, and Taiwan and Japanese stocks sliding 10%. European equities didn’t fare much better. The FTSE … Read more