CoinDesk

The long-running legal showdown between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could soon reach a resolution, Fox Business reported, citing “two well-placed sources.” The case, which has dragged on since December 2020 when the SEC accused Ripple of raising over $1.3 billion through unregistered sales of its closely related XRP token, … Read more

U.S.-based digital asset data provider Lukka has teamed up with CoinDesk Indices to integrate the Composite Ether Staking Rate (CESR) into its offerings. The CESR will capture the mean annualized staking yield earned by Ethereum validators including consensus incentives and priority transaction fees. Financial institutions, asset managers and analysts can use the CESR as a … Read more

Bitdeer Technologies (BTDR) boosted its bitcoin (BTC) holdings by almost 75% in two months by redirecting some of its mining rigs to self production after customers asked to delay payments for the SEALMINER A2 units during the largest cryptocurrency’s price decline. The Singapore-based company’s holdings rose to 1,039 BTC as of February 2025, up from … Read more

EMB: March 12, 16:00 UTC Modular blockchain Hemi Labs’ unveiled its mainnet with $440 million in total value locked (TVL). Hemi, founded by early Bitcoin developer Jeff Garzik, plans to unify Bitcoin and Ethereum, the two oldest and largest blockchains, into “a single supernetwork,” according to an emailed announcement. Hemi is built on both Bitcoin … Read more

As controversy swirled around the Ethereum Foundation (EF) this winter, one of Ethereum’s most respected architects was quietly plotting his next move. Danny Ryan—a key visionary behind Ethereum’s most ambitious upgrade, “The Merge”—left the EF in September but entered talks a few months later to rejoin the organization as its new leader. “I was in … Read more

Many investors dismiss BNB as simply “the Binance coin,” but that designation fails to recognize its broader value unlocks. While BNB was initially launched as the native token of the Binance Chain (now the BNB Smart Chain), and its early token burns were tied to Binance’s quarterly profits, BNB is evolving into a decentralized asset … Read more

Crypto markets have recently dropped to their lowest prices in three months, reversing most of the gains following Trump’s U.S. presidential victory. Bitcoin had been holding up relatively well until the $92,000 level, which had been holding as support since November 2024, was broken. The price then rapidly fell to $80,000, where it found support. … Read more

Crypto exchange giant Binance said on Wednesday that Abu Dhabi-based investment firm MGX invested $2 billion in the company. The investment marks the first institutional placement in the exchange and it’s also the first digital asset-focused investment for MGX, according to a press release. The investment was made in stablecoins, the statement noted, though it … Read more

The U.S. Treasury market is experiencing its highest volatility in four months, potentially jeopardizing an expected bitcoin (BTC) price recovery. U.S. inflation data for February came in softer-than-expected, strengthening the case for Federal Reserve interest-rate cuts. The reading encouraged some analysts to forecast a bitcoin price recovery to $90,000 and higher. It’s currently around $82,000. … Read more

Until the new presidential administration took office, the digital asset industry was embroiled in an existential showdown with the U.S. Securities and Exchange Commission. For years, the SEC waged a scorched-earth regulation-by-enforcement campaign against the digital asset industry and its most-used platforms for failing to adhere to confusing — or non-existent — rules about what … Read more

Bolivia’s state energy company YBFB will use cryptocurrency to pay for energy imports, according to a Reuters report. YBFB hopes that using crypto will be a direct solution to the nation’s shortage in U.S. dollars and foreign currency reserves. The shortage comes alongside a fuel crisis spurred by a lack of natural gas exports, which … Read more

The Bank of Russia has submitted proposals to the government for a controlled experiment allowing a “limited group of Russian investors” to trade cryptocurrencies, based on a directive from the country’s President Vladimir Putin. The plan would introduce an experimental legal regime (ELR) lasting three years wherein “particularly qualified” investors would be allowed to conduct … Read more

MEXC Ventures, the investment arm of crypto exchange MEXC, is investing a total of $36 million into Ethena and its USDe stablecoin, according to a press release. The firm is making a strategic investment of $16 million in Ethena and bought $20 million in USDe stablecoin to expand the adoption of synthetic dollars in decentralized … Read more

The recent hack of crypto exchange Bybit highlights the value of self-custody wallets, broker Benchmark said in a Wednesday report initiating coverage of Exodus Movement (EXOD). The broker started coverage of the crypto wallet firm with a buy rating and a $38 price target. The shares rose 5.7% to $25.89 in early trading. The Nebraska-based … Read more

Nasdaq-listed video-sharing platform Rumble (RUM) has invested $17.1 million in bitcoin (BTC) adding 188 BTC to its corporate treasury, the company announced. The purchase was made at an average price of $91,000 per coin. The move is part of Rumble’s previously disclosed plan to adopt a bitcoin treasury strategy and allocate up to $20 million … 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 2612.1, up 0.8% (+19.92) since 4 p.m. ET on Tuesday. Twelve of 20 assets are trading higher. Leaders: HBAR (+4.4%) and AVAX (+4.2%). Laggards: APT (-5.7%) and AAVE (-4.2%). … Read more

The liquidation of an over $200 million long trade on ether (ETH) lead to a $4 million loss for Hyperliquid, where the “whale” placed the bet. The liquidation saw wallet ‘0xf3f4’ opening a highly leveraged 50x long ETH position, depositing $4.3 million USDC as margin for a total size of 113,000 ETH. The wallet then … Read more

Inflation in the U.S. softened more than expected in February, putting Federal Reserve rate cuts firmly back in the plan as spring and summer approach. The Consumer Price Index rose 0.2% in February, according to a report from the Bureau of Labor Statistics on Wednesday morning. Expectations were for 0.3% and January’s pace was 0.5%. … Read more

By James Van Straten (All times ET unless indicated otherwise) Macroeconomic factors continue to drive bitcoin’s (BTC) short-term price volatility as it holds steady above $80,000, with a wave of significant news emerging over the past 24 hours. Still, there’s a risk-off feeling in the air as the divergence between bitcoin and the broader crypto … Read more

A technical analysis pattern hinting at bull reversal has appeared on bitcoin’s (BTC) daily price chart as market participants look to Wednesday’s U.S. inflation data to put a floor under risk assets. BTC has recently taken a beating, falling from $100,000 last month to under $80,000 this week due to several factors, including risk aversion … Read more

Mercado Bitcoin, one of Latin America’s largest cryptocurrency exchanges, is teaming up with Polygon Labs to expand the tokenization of real-world assets (RWAs) in the region. The initiative aims to issue more than $200 million in tokenized assets this year, more than doubling the platform’s current total. The partnership focuses on integrating Polygon’s blockchain infrastructure … Read more

Bitcoin’s (BTC) four-year compound annual growth rate (CAGR) has dropped to its lowest recorded level of 8%, according to Glassnode data. The four-year period was chosen to align with bitcoin’s (BTC) halving cycle while also capturing the typical bull/bear market cycle, which tends to follow a similar timeframe. In March 2021, four years prior, bitcoin … Read more

Japanese hotel company Metaplanet (3350) has acquired 162 bitcoin (BTC) for $13.5 million at an average price of $83,123 per bitcoin, achieving a year-to-date bitcoin yield of 53.2%. The BTC yield represents the percentage change in the ratio of bitcoin holdings to fully diluted shares outstanding over a given period. As of March 12, Metaplanet … Read more

Investment giant Franklin Templeton is joining a growing fray of financial asset providers hoping to offer an XRP exchange-traded fund (ETF) to the general public. On Tuesday, the company filed for a Franklin XRP ETF, aiming to track the spot price of XRP minus fees, where assets are held via Coinbase Custody. Shares will trade … Read more

Bitcoin (BTC) clawed its way back to nearly $82,000, staging a relief rally after dipping below $78,000 late Sunday, leading to a slight run-up in major tokens. Ether (ETH), BNB Chain’s BNB, XRP and Cardano’s ADA rose as much as 3%, alleviating some losses from the past 7 days. The broad-based CoinDesk 20 (CD20) added … Read more

The bullish sentiment seen after Donald Trump’s victory in the Nov. 5 Presidential elections has completely fizzled out, according to an indicator tied to the CME bitcoin (BTC) futures. The indicator in consideration is the spread between “continuous” next month and front-month standard BTC futures trading on the global derivatives giant. A continuous contract is … Read more

Sony’s blockchain division is bringing Japanese social media giant LINE into the web3 world, with plans to adapt several popular mini-apps onto Sony’s Soeneium network, the company announced Wednesday. LINE reports approximately 200 million active users across its platform, and the agreement will bring four LINE-based games, or “mini-apps,” to Soneium: Sleepagotchi, Farm Frens, Puffy … Read more

A majority of lawmakers in the U.S. House of Representatives voted to overturn an IRS rule treating crypto entities as brokers and requiring them to collect certain taxpayer and transaction information, including decentralized finance (DeFi) platforms. With a 292-132 vote, a bipartisan majority in the House joined the U.S. Senate in advancing the Congressional Review … Read more

Crypto payments firm Mesh announced on Tuesday it has raised $82 million to expand its stablecoin-based payments settlement network globally. The series B round was led by Paradigm, with ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna and AltaIR Capital participating. Most of the capital raise was settled in PayPal’s PYUSD stablecoin, according to … Read more

What was shaping up to be another down day in markets has reversed in Tuesday afternoon U.S. trading after Ukraine agreed to a Trump administration proposal for a 30-day ceasefire in its war with Russia. Russia has yet to weigh in, but the agreement will hinge on that country’s acceptance, according to a joint statement … Read more