Sony customers in Singapore can now use the USDC stablecoin in its online store. Sony Electronics’ Singapore (SES) has integrated cryptocurrency payments in partnership with crypto exchange Crypto.com, the two firms said Wednesday. Stablecoins are cryptocurrencies whose value is pegged to a real-world asset, such as the U.S. dollar or gold. USDC, issued by Circle, … Read more
North Korean “IT workers” are increasing illicit cyber activity across Europe with an eye on blockchain projects, Google Cloud warned in a Wednesday report. Projects built on the popular Solana network, including applications and job boards, are getting hit by the rising attacks. Democratic People’s Republic of Korea (DPRK) operatives pose as legit remote workers … Read more
A potential resolution could be coming soon in the long-running lawsuit between the U.S. Securities and Exchange Commission (SEC) and Gemini over the crypto company’s Earn product. The two submitted a joint request to the U.S. District Court for the Southern District of New York on Tuesday to consider a 60-day pause in the case … Read more
The number one question on investors’ minds is whether an asset has hit its bottom after being in a sustained downtrend for an extended period of time. Recent price action suggests that bitcoin (BTC) may have found its bottom just above $76,000 on March 10. This move has formed a pattern reminiscent of previous bottoming … Read more
Amber Group’s (AMBR) listing on Nasdaq earlier this month paves the way for more crypto companies to take the same path, said Paul Veradittakit, a partner at Pantera Capital. Pantera was an early investor in the Hong Kong-based provider of crypto financial services to institutions, whose subsidiary Amber International listed on the exchange on March … Read more
Investment manager VanEck has registered to list an exchange-traded fund tracking BNB, the native cryptocurrency of the Binance-linked BNB Chain. The New York-based firm has proposed the establishment of a trust in Delaware for a BNB ETF, a preliminary step to a formal application with the U.S. Securities and Exchange Commission (SEC). VanEck’s BNB ETF, … Read more
XRP, the token closely related to Ripple Labs, is showing signs of a potential breakout as its price chart forms a symmetrical triangle pattern alongside other bullish technical indicators. XRP has been consolidating within the pattern shown below, characterized by two converging trend lines that suggest a buildup of momentum. Technical analysis from well-followed X … Read more
The Bitcoin-Japanese yen (BTC/JPY) pair faced a setback at key trendline resistance Wednesday, as Goldman Sachs (GS) cited the anti-risk yen as the leading hedge against rising U.S. tariff and recession risks. The BTC/JPY trading on the Japan-based bitFlyer fell 1% after failing to take out the trendline drawn off the record high reached on … Read more
Crypto enthusiasts might have heard of the ERC-20 token standard, which provides guidelines to ensure that tokens created on the Ethereum smart contract blockchain are compatible and can interact with other tokens and applications within the network. A similar standard for data-backed tokens, called VRC-20, has now emerged. Vana, an EVM-compatible Layer 1 blockchain that … Read more
So far, crypto markets haven’t behaved as expected under the Trump Administration. Investors hoped that regulatory reform and policies like a Bitcoin Strategic Reserve would drive prices appreciably higher. But it’s been the opposite. Bitcoin has fallen from highs well above $100,000 at the beginning of the year to a trough in the mid-80,000s for … Read more
Circle, the U.S.-based stablecoin issuer, is going public. The firm filed an S-1 form with the Securities and Exchange Commission (SEC) on Tuesday. If approved, the company’s stock will be trading on the New York Stock Exchange under the symbol “CRCL.” The company said its reserve income from managing its stablecoin-related reserves was $1.7 billion … Read more
Bitcoin (BTC) purchases from video game retailer GameStop (GME) could be imminent or may have already begun after the company closed on its offering of $1.3 billion of five-year convertible notes. The $200 million greenshoe option was fully exercised by the initial purchaser, bringing the total amount of the sale to $1.5 billion. Net proceeds … Read more
CoreWeave (CRWV) shares rose more than 38% on their third day of trading debut after raising nearly $1.5 billion from its IPO following OpenAi’s announcement of a record-breaking $40 billion funding round on Monday. The artificial intelligence (AI) startup went public on the Nasdaq exchange on Friday afternoon. The stock dropped below its IPO price … Read more
Kristin Smith, the longtime chief executive of the Blockchain Association, a leading lobbying group for crypto policy in Washington, is leaving next month to take a role as president of the new Solana Policy Institute, according to a Tuesday announcement. “I am incredibly proud of what we’ve accomplished together and confident that the organization’s future … Read more
Recently very shaky risk assets — crypto among them — are attempting a rally on Tuesday, perhaps. buoyed by chatter that Donald Trump’s tariffs won’t be as stringent as feared. In early afternoon U.S. action, bitcoin (BTC) had climbed to just above $85,000, ahead 2.1% over the past 24 hours. Previously really roughed up crypto … Read more
Web3 has a memory problem. Not in the “we forgot something” sense, but in the core architectural sense. It doesn’t have a real memory layer. Blockchains today don’t look completely alien compared to traditional computers, but a core foundational aspect of legacy computing is still missing: A memory layer built for decentralization that will support … Read more
Although Strategy’s (MSTR) aggressive buying of bitcoin (BTC) has sent its shares soaring over 2,500% over the past five years, one analyst argues that the reverse could soon be the case. “While we were negative on several respects upon initiation, we have gained incremental confidence that the convertible issuance strategy is likely tapped,” wrote Monness … Read more
The U.S.’ crypto-friendly stance could increase the level of risk in financial markets by deepening the connections between traditional finance (TradFi) and the digital asset economy, according to regulator the European Securities and Markets Authority. “This crypto-friendly stance has the potential to accelerate crypto adoption, including by institutional investors,” a spokesperson for the European Union’s … Read more
The total market cap of the 14 U.S.-listed bitcoin (BTC) miners tracked by JPMorgan (JPM) dropped 25% in March, the third-worst monthly performance on record, the Wall Street bank said Tuesday. Only one stock, Stronghold Digital Mining (SDIG), outperformed bitcoin (BTC) last month, the report noted. Bitfarms (BITF) completed its acquisition of the company on … Read more
The world of blockchain and crypto is undergoing a significant acceleration. The regulatory environment globally is converging, and it is converging on an operating model that permits a wider range of products and services. Companies that were sitting on the sidelines are jumping in and those already in are working through how to bring a … Read more
Zodia Custody’s Chief Financial Officer, Jonathan Hugh, has departed the London-based firm earlier this year, the company said. Samuel Howe, the company’s former COO, also recently left the crypto custodian, as reported by CoinDesk. “Jonathan has been a valued member of the Zodia Custody team for the last two years and we remain grateful for … Read more
Stablecoin issuer Tether increased its bitcoin holdings to 92,646 BTC, adding 8,888 BTC for $735 million in the first quarter of 2025. The company is staying true to its plan to put 15% of its profits each quarter into additional bitcoin purchases. Its current bitcoin stack is worth $7.7 billion at bitcoin’s current price just … 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 2551.25, up 1.5% (+38.08) since 4 p.m. ET on Monday. Nineteen of the 20 assets are trading higher. Leaders: SUI (+4.6%) and AVAX (+3.4%). Laggards: POL (-0.3%) and APT … Read more
Hut 8’s (HUT) new subsidiary, American Bitcoin Corp., a partnership between the mining company and the Trump family, could be spun out, allowing the company to focus on data center hosting, broker Clear Street said in a report Monday. The broker noted that the new unit will be included in the bitcoin miner’s financials, but … Read more
OKX has appointed Linda Lacewell as its new chief legal officer (CLO) after the departure of Mauricio Beugelmans. Lacewell joined the crypto exchange as a board member last year having previously served as Superintendent and head of the New York Department of Financial Services, according to an announcement on Tuesday. “Her leadership comes at a … Read more
Multiple tokens cratered as much as 50% within 30-minutes on crypto exchange Binance on Tuesday, with market watchers wondering if a misconfigured trading bot could have caused the declines. Act I, the Prophecy (ACT) slumped 50%, DeXe (DEXE) dropped 30% and dForce (DF) fell nearly 20% within minutes after 1100 UTC on Tuesday, data from … Read more
Bitcoin (BTC) was inching towards 85,000 during European trading hours on Tuesday as traders largely await the impact of U.S. tariffs slated for Wednesday. Dogecoin (DOGE) and Cardano (ADA) rose over 7% to lead muted gains among majors, with ether (ETH), XRP, Solana’s SOL and BNB Chain’s BNB were up nearly 5%. Overall market capitalization … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin is building momentum, rising over 2% on the day to over $84,000, with memecoins leading the market higher, followed by tokens associated with artificial intelligence and gaming. In traditional markets, gold set another record, surpassing $3,140, and futures linked to major U.S. equity indices are … Read more
A large bitcoin (BTC) options bet crossed the tape on Deribit as the first quarter drew to a close on Monday, revealing bearish sentiment from the trader behind the move. The so-called block trade carried a premium of more than $1 million for 1,180 contracts of the $70,000 put option expiring April 25, according to … Read more
Japanese hotel company Metaplanet (3350) has purchased an additional 696 BTC ($58.5 million), taking its total stash to 4,046 BTC. Metaplanet purchased the bitcoin for an average purchase price of nearly 14.6 million yen ($97,500) for a total spend of 10.15 billion yen. The company’s total BTC holdings were bought for an average price of … Read more