The Solana Foundation nixed an ad widely criticized for being anti-queer late Monday, nearly nine hours after seemingly invoking the culture wars as a mechanism to boost conference attendance. The now-deleted spot imagines “America” in therapy. A human embodiment of the nation desperately wants to think big – about tech, crypto, space travel. But he … Read more
The main organizations supporting the Arbitrum blockchain, Offchain Labs and the Arbitrum Foundation, unveiled a new program designed to kick-start early-stage projects in the ecosystem. The new program, “Onchain Labs,” is designed to provide go-to-market support to “experimental and volatile” projects, according to a blog post from Offchain Labs, Arbitrum’s main developer. “Through Onchain Labs, … Read more
Crypto exchange Gemini has appointed a new chief financial officer as it positions itself for a potential initial public offering. The company’s latest hire, Dan Chen, who previously served as vice president of capital markets at Affirm, announced the move in a social media post. “Crypto is the most dynamic sector in finance and Gemini … Read more
Bakkt Holdings (BKKT), a crypto exchange and custody firm, saw its shares plunge on Monday after disclosing that neither Bank of America (BAC) nor crypto trading app Webull Pay would renew their commercial agreements with the company. At the time of writing, BKKT shares have dropped 35% in after hours trading to $12.83. The stock … Read more
Crypto markets climbed higher on Monday with bitcoin (BTC) trading above $84,000 as another positive day for U.S. stocks extended their rise lifting risk assets.The largest cryptocurrency was up, the broader crypto market was up 1.8%, while the broad-market CoinDesk 20 Index slightly outperformed with a 2.4% advance during the same period. Ethereum’s ether (ETH) … Read more
Gold has been on a strong run, surpassing $3,000 for the first time last week, and now there are calls for even more upside for the precious metal prices. Jeffrey Gundlach, CEO of DoubleLine Capital and colloquially known as the “Bond King” for his expertise in fixed-income markets, believes the rally is far from over … Read more
Crypto asset manager Hashdex filed an amendment with the U.S. Securities and Exchange Commission (SEC) seeking to add litecoin (LTC) and XRP among other cryptocurrencies to its Nasdaq Crypto Index US ETF. The proposal also lists cardano’s ADA, solana’s SOL and other altcoins including LINK, AVAX and UNI. The fund is currently mostly bitcoin (BTC) … Read more
Securitize and Ethena Labs, two firms working closely with BlackRock’s money market token BUIDL, have created an Ethereum-compatible blockchain called Converge, designed to house tokenized assets and provide institutional investors with the innovation of decentralized finance (DeFi). Ethena, which offers a yield-bearing USDe token as well as a BUIDL-backed USDtb stablecoin, will migrate its $6 … Read more
Canary Capital has submitted paperwork with the Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking the price of Sui (SUI), a layer-1 blockchain. The hedge fund manager on Monday submitted an S-1 filing with the SEC after previously registering a trust entity in the state of Delaware — on March 7 … Read more
Ethereum developers launched a new test network, Hoodi, on Monday that will be used to carry out the blockchain’s upcoming ‘Pectra’ upgrade. Pectra will go live on Hoodi on March 26, and if all goes well, the long-awaited upgrade will proceed to Etheruem’s mainnet roughly 30 days later, according to the network’s core developers. Hoodi … Read more
Sam Altman’s blockchain project, World Network, is teaming up with gaming hardware firm Razer on a suite of features designed to weed out bots from video games. “Razer ID verified by World ID” is a single sign-on mechanism that will verify real human gamers from bots. It’s built atop Razer ID, Razer’s existing login service, … Read more
It is now the regulatory open season for digital assets in the United States — and not just because the incoming president released a Solana memecoin on the eve of his inauguration. Now, it and other memecoins are being proposed as assets for a new slew of cryptocurrency ETFs. In just over a month, the … Read more
Grassroots support for two bitcoin improvement proposals (BIP) appears to be emerging for Bitcoin’s next soft fork, centered around two candidates: BIPs 119 and 348. BIPs are the formal method for discussion of proposed changes to Bitcoin. Theoretically, if a BIP gains sufficient widespread support, it will be added to Bitcoin, by way of a … Read more
Who created Bitcoin? More than 16 years ago, on Halloween Day of 2008, an entity by the name of Satoshi Nakamoto sent out the whitepaper for a peer-to-peer electronic cash system to a cypherpunk email list. Bitcoin launched shortly thereafter; it quickly spawned a global cultural movement and a multi-trillion dollar industry. Benjamin Wallace wrote … Read more
After the success of crypto-based platform Polymarket trading venue Robinhood (HOOD) is now opening a prediction market on its platform, available through CFTC-regulated exchange Kalshi, the company said, with contracts rolling out today. The company’s prediction markets hub will allow customers to bet on event outcomes, the HOOD announced in a press release. It’s another … Read more
The Bitcoin network hashrate rose 2 exashashes per second (EH/s) in the first two weeks of March, to an average of 811 EH/s, Wall Street bank JPMorgan (JPM) said in a research report Monday. JPMorgan noted that U.S.-listed miners maintained their share of the network hashrate at around 30%. The hashrate refers to the total … Read more
No one dared to speak about the potential for stagflation, the dreaded word representing portmanteau of stagnation and inflation, at the World Economic Forum in Davos early this year despite the looming Trump tariff and trade war. However, investors have acknowledged the s-word risk, leading to the outperformance of stagflation-linked strategies relative to the buy-and-hold … Read more
Ether’s (ETH) structural decline is expected to continue, investment bank Standard Chartered (STAN) said in a research report Monday slashing its 2025 year-end price target for the world’s second largest cryptocurrency. Standard Chartered said it now sees ether at $4,000 at the end of the year, down from $10,000 previously. Ether was trading around $1,903 … 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 2627.46, down 1.3% (-35.83) since 4 p.m. ET on Friday. Eight of 20 assets are trading higher. Leaders: DOT (+4.4%) and APT (+3.1%). Laggards: SOL (-3.9%) and SUI (-3.2%). … Read more
Investors are fleeing digital assets as risky investments lose their popularity amid growing geopolitical and economic uncertainty. Globally, digital asset funds lost $1.7 billion last week alone, according to a report from CoinShares, taking the total outflow over five weeks $6.4 billion. In the U.S., bitcoin (BTC) exchange-traded funds (ETFs) logged the longest streak of … Read more
Francois Villeroy de Galhau, a member of the European Central Bank (ECB) Governing Council and governor of the Bank of France, has said embrace of cryptocurrency in the U.S. risks triggering the next financial emergency. The U.S. “risks sinning through negligence,” Villeroy said in an interview with French newspaper La Tribune Dimanche. “By encouraging crypto-assets … Read more
Strategy (MSTR) marginally added to its massive bitcoin (BTC) holdings, selling a modest amount of its preferred stock (STRK) to fund the acquisition. The company last week purchased 130 bitcoin for roughly $10.7 million, or an average price of $82,981 each, according to a Monday morning filing. The so-called “BTC yield” is 6.9% year-to-date, according … Read more
Bitcoin (BTC) investors are looking to move past four consecutive Monday losses. Over the past few weekends, the largest cryptocurrency has experienced significant price volatility, driven by macroeconomic uncertainty including geopolitical tensions, tariffs and rising global bond yields. The weekend nervousness appears to have carried over into Mondays. Data from Velo shows the over the … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) has found some stability around its 200-day average at about $84,000 after dipping below $77,000 early last week. The broader market recovery was led by memecoins, layer-2 tokens and gaming tokens. However, maintaining a sustained uptick could still be a challenge, especially since President … Read more
Bitcoin’s (BTC) ongoing price pullback could accelerate below $80K, as on-chain analysis by Glassnode indicates that the $10K price range beneath this level was marked by weak economic activity late last year. BTC prices quickly rose from $70K to above $80K in early November after pro crypto Donald Trump won the U.S. Presidential election. As … Read more
South Korea’s central bank, the Bank of Korea (BOK), has taken a cautious stance on including bitcoin in its foreign exchange reserves, per a Korea Economic Daily report. In response to a question posed by a member of the National Assembly’s Strategy and Finance Committee, the BOK made it clear on Sunday that it has … Read more
Bitcoin (BTC) started Monday in the red with a 2% drop over the past 24 hours, according to CoinDesk Indices data, leading to heaviness in the broader market as major tokens fell as much as 5%. BTC touched resistance at $84,000 on Sunday, making it a key level to cross for chances of a run … Read more
On Sunday, U.S. Treasury Secretary Scott Bessent described asset market corrections as healthy, suggesting a greater tolerance for pain before the much-anticipated policy support or the so-called ‘Trump put” for the market, is enacted. “I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy, they are normal,” … Read more
Crypto exchange Kraken plans to launch a new colocation service in the coming weeks that will offer clients ultra-low latency trading, the company said in a press release Monday. The service is for customers who need high speed execution, Kraken said, and traders operating out of London can expect latency of under a millisecond. “Many … Read more
OKX has temporarily suspended its decentralized exchange aggregator after regulators in the European Union (EU) began looking at how it was used by North Korea to launder proceeds from a recent hack of crypto exchange Bybit. Bloomberg reported on March 11 that the EU regulators were investigating OKX’s Web3 services for allegedly laundering funds from … Read more