When Ethereum’s hottest startup of last year, EigenLayer, launched a year ago to massive expectations — many community members were quick to criticize that it was lacking a critical feature. An announcement from the project on Wednesday said that the feature — slashing — is finally set to arrive on April 17. The introduction of … Read more
After a frustrating few weeks in which bitcoin (BTC) prices seemed to move tick for tick with the Nasdaq, the world’s largest crypto is showing some signs of going its own way as stock prices go from struggling to plunging. With the Nasdaq following up its 6% tumble on Thursday with another 5% decline halfway … Read more
It was a dreadful week for the stock market, with the S&P 500 falling more than 6% over the last five days. That didn’t help Bitcoin, but the original cryptocurrency fared better than the wider market, rising over 1% in the same period. The Nasdaq had one of its largest falls in 25 years Thursday, … Read more
Bitcoin’s original promise of “peer-to-peer electronic cash” hasn’t exactly developed in the way Satoshi intended. More people than ever are eager to pay in crypto, while most vendors want nothing but fiat. While the mismatch has plenty of workarounds in countries with a strong banking and credit card culture, it’s a real problem in places … Read more
Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) retreated from record highs on Friday amid a global financial-markets sell-off that erased $2.5 trillion from U.S. equities alone in a single day after U.S. President Donald Trump unveiled his reciprocal tariffs. The tokens, which are backed by physical gold and track its price, initially … Read more
Investors hoping for a sizable dovish pivot from the Fed following the president’s Wednesday tariff announcement and subsequent two-day plunge in stock prices will have to wait at least a bit longer. “We are well positioned to wait for greater clarity before considering any adjustments to our policy stance,” said Fed Chair Jerome Powell in … Read more
In the early-1990s, telephone companies ran ads for long distance calls highlighting the cost per minute for a U.S. customer to speak to someone in another country. Today, that business does not exist. You can now Facetime or Zoom anyone, anywhere, for free. What changed? The shift to Voice over Internet Protocol (VoIP) ultimately drove … Read more
Riot Platforms (RIOT) reported strong operational performance in March 2025, highlighted by continued expansion into the artificial intelligence (AI) and high-performance computing (HPC) sector. The company’s bitcoin (BTC) production last month rose to 533 BTC, the most since the reward halving almost a year ago. The figure represents a month-on-month increase of 13% and 25% … Read more
In 2008, an anonymous person or group of people known only as “Satoshi Nakamoto” released a now-seminal document, the Bitcoin White paper, introducing a peer-to-peer system for value of exchange without intermediaries. With this revolutionary concept, the idea of a “digital asset” was born. Soon after, developers and entrepreneurs expanded on this concept, developing systems … Read more
OKX’s Europe company—also known as OKCoin Europe, a subsidiary of crypto exchange OKX—was fined 1.05 million euros ($1.2 million) by Malta’s financial watchdog on Thursday for breaching the country’s money laundering rules. The Financial Intelligence Analysis Unit (FIAU) said the company failed to assess the money laundering and financing of terrorism risks emanating from 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 2446.91, up 0.1% (+2.11) since 4 p.m. ET on Thursday. Six of 20 assets are trading higher. Leaders: FIL (+2.3%) and POL (+1.4%). Laggards: APT (-5.0%) and AAVE (-2.6%). … Read more
Ryan Cohen, the chairman and CEO of video retailer GameStop (GME), increased his stake in the company following the firm’s decision to add bitcoin (BTC) as a treasury reserve asset. According to a Thursday filing to the U.S. Securities and Exchange Commission (SEC), Cohen acquired an additional 500,000 shares of the company’s Class A common … Read more
The Cardano Foundation has rolled out Veridian, a new open-source platform aimed at helping people and businesses manage their digital identities, according to a Friday release. Alongside it comes the Veridian Wallet, a tool designed to keep personal info secure and let users prove who they are online without the usual hassles of sharing sensitive … Read more
Avara, the parent company of decentralized finance (DeFi) platform Aave, has announced the arrival of Lens Chain mainnet, a fast and inexpensive Ethereum overlay blockchain for developing decentralized social media applications. There are now several blockchain-oriented, or “Web3,” startups looking to provide users with an alternative to the giant, centralized social media companies like Facebook … Read more
The U.S. employment situation continued to roll along in strong fashion in March, adding another piece to the puzzle as the Federal Reserve contemplates the path of short-term interest rates in a world that’s markedly changed in the last 48 hours. Nonfarm payrolls rose by 228,000 last month, the Bureau of Labor Statistics reported Friday … Read more
Since the start of April, bitcoin (BTC) has experienced an unusual increase in conviction from both short-term and long-term holders. According to Glassnode, short-term holders—those who have held bitcoin for less than 155 days—are typically more reactive to price movements, often buying during periods of euphoria and selling during downturns. However, of late, short-term holders … Read more
The VIX index, which shows the equity market’s expectations for 30-day volatility and is often called Wall Street’s “fear gauge,” rose to 39, the highest since October 2020, after China imposed retaliatory tariffs on the U.S., data from TradingView show. The increase, coupled with the sharp sell-off in the U.S. stock-index futures, prompted traders to … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Major coins reversed early gains after Beijing stepped up trade tensions by announcing retaliatory tariffs following President Donald Trump’s Wednesday decision to impose additional levies on China and other nations. Bitcoin dropped to $83,000 from $84,600, though the downside appeared limited, probably because the market’s worst … Read more
Risk sentiment worsened during the European hours Friday after China announced retaliatory tariffs on all goods, responding to Trump’s Wednesday decision to boost the overall levy on Chinese goods to 54%. Bitcoin, the leading cryptocurrency by market value, fell by $1,600 to $83,000, erasing the early rise to $84,600, CoinDesk data shows. Other tokens like … Read more
The U.S. stock-market slide prompted by President Donald Trump’s global tariff announcement on Wednesday sent the Nasdaq Composite Index into one of its biggest funks since the start of the century. The tech-heavy index lost 5.5% on Thursday, just outside the top 20 worst single-day drawdowns since 2000, according to Investing.com. Most of the largest … Read more
As the pivotal U.S. nonfarm payrolls (NFP) report for March approaches, bitcoin (BTC) bulls find themselves in a situation reminiscent of the character Two-Face (Harvey Dent) from the movie “The Dark Knight,” who flips coins to make decisions, confident of controlling the fate irrespective of the outcome. It’s a classic case of “heads I win, … Read more
Solana’s SOL token is poised for a potential price swing of almost 6% after some large investors, or whales, dumped their holdings ahead of the U.S. non-farm payroll (NFP) report due later Friday. This estimate comes from Volmex’s one-day implied volatility index (IV) for SOL. At press time, the index showed a one-day reading annualized … Read more
Filecoin’s FIL token spiked by 30% after South Korean exchange Upbit started listing FIL trading pairs. The token rose to as high as $3.49 from $2.71 on Coinbase and was recently trading around $3.00. Daily trading volume increased by 68% to $303 million, according to CoinMarketCap. Upbit said in a tweet that the FIL/KRW trading … Read more
U.S. crypto giant Coinbase Institutional said on Friday it had submitted a filing to the Commodity Futures Trading Commission (CFTC) to roll out futures contracts tied to Ripple’s closely related XRP token. “We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify $XRP futures – bringing a regulated, capital-efficient way to … Read more
An oversold market and reactions to U.S. tariffs may be a thing of the past with traders now eying new economic data and rate cuts in the coming months — with expectations of a bitcoin bounce in the near term. Crypto markets saw high volatility on Wednesday and Thursday in the run-up to the tariff … Read more
For years, the crypto market has thrived on speculation, where excitement, hype and fleeting trends attract value instead of fundamentals. Investors have continually poured money into tokens fueled by viral moments, chasing rapid gains. Time and again, a select few of these investments soar to incredible heights, only to come crashing down. With over 33 … Read more
Market Recovery Amid Institutional Confidence The cryptocurrency market remains in turbulent territory as Toncoin (TON) demonstrates both significant volatility and remarkable resilience. After forming a head-and-shoulders pattern with strong resistance at $4.15, TON has recovered from its recent lows. It is now trading at $4.13 with a 12.5% weekly gain. This recovery comes amid news … Read more
Hidden Road, a prime broker that focuses on both crypto and traditional assets, has received an inbound takeover approach, according to two people with knowledge of the matter. Takeover talks are ongoing with a crypto native company that wants to acquire Hidden Road, the people said, but there is no certainty that any deal will … Read more
Illinois will soon drop its staking lawsuit against Coinbase, joining three other U.S. states that have recently backed down from litigation against the exchange. A spokesperson for Illinois Secretary of State Alexi Giannoulias told CoinDesk on Thursday that the office “intends to drop the Coinbase lawsuit.” The spokesperson did not reply when asked when the … Read more
Recent Price Action Shows Signs of Recovery In the last 100 minutes of trading, DOGE has demonstrated a notable recovery pattern, climbing from a local bottom of $0.156 to stabilize around $0.158. The price action shows an apparent V-shaped recovery with significant volume spikes (16-21 million) during the bottoming process around 14:50-14:52, indicating strong buyer … Read more