CoinDesk

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

ATME, a digital assets exchange licensed by the Central Bank of Bahrain (CBB), said on Tuesday it has completed its first tokenized real-world asset (RWA) issuance starting with gold-backed tokens. The tokens, available to accredited investors, each represent one kilogram of gold stored in custody, according to the press release. Investors can trade these digital … Read more

Paraguayan agencies are ready to integrate the crypto sector. All that’s missing is the legislation. That’s according to Juan Carlos Reyes, the president of the Comisión Nacional de Activos Digitales (CNAD), the agency in charge of regulating cryptocurrencies in El Salvador. “From my perspective, Paraguay seems to have the groundwork laid for supervision, regulation, and … Read more

After years in which crypto insiders desperately sought to get the attention of the U.S. Congress, the pro-digital-assets witnesses at the latest congressional hearing on stablecoins include a senior executive from the Bank of New York Mellon Corp. and a Davis Polk & Wardwell lawyer who spent his career representing Wall Street. As congressional momentum … Read more

One of the foremost projects aiming to increase the speed of the Ethereum network is ramping up its work on the world’s original blockchain: Bitcoin. Ethereum layer-2 Starknet, in partnership with BTC wallet Xverse, is aiming to deliver a “full DeFi experience to Bitcoin users.” Xverse said it will “achieve Bitcoin’s DeFi take-off moment,” through … Read more

Robinhood’s (HOOD) crypto trading volumes took a steep hit in February, tumbling 29% from the previous month in a retail-trader-led decline that might carry a message for other platforms including Coinbase (COIN). The month-over-month drop to $14.4 billion outpaced declines in equities and options trading, which each fell 1%. Even so, the figure was more … Read more

Bitcoin (BTC) held by Mt. Gox, the defunct crypto exchange that imploded in 2014, was on the move again on Tuesday following last week’s maneuver, a potential sign of resuming creditors payout after distributing crypto assets worth billions last year. A Bitcoin address linked to Mt. Gox transferred 11,834 BTC, worth about $930 million, to … Read more

“Is it safe?” For any crypto investors with any cash remaining, that’s the key question following the collapse in prices. 10X Research’s Markus Thielen had been correctly bearish headed into this latest downturn and he’s not yet ready to buy the dip. Like the speculative bubble in DeFI/NFTs that collapsed following the 2021 bull market … Read more

Crypto exchange Cboe is asking the U.S. Securities and Exchange Commission (SEC) to allow staking in several spot ether (ETH) exchange-traded funds (ETFs), sending the price of token 2% higher over the past 24 hours. Before the funds launched in July, several issuers included staking in their applications. However, the SEC later required them to … Read more

A Bitcoin ordinals project said it aims to raise over $34 million from an art collection of Microsoft Paint-style cartoon wizards following a similar sale last year that raised $13 million. Taproot Wizards plans to auction 2,121 non-fungible tokens (NFTs) of its signature “magic internet JPEGs,” which harken back to a 2013 bitcoin meme: “magic … Read more

The establishment of a Strategic Bitcoin Reserve (SBR) in the U.S. is a “monumental endorsement” of the world’s largest cryptocurrency, broker H.C. Wainwright said in a research report Monday. The move mints bitcoin’s “legitimacy in the mold of humanity’s most historically prized asset: gold,” analysts Kevin Dede and Michael Donovan wrote. President Trump directed his … Read more

Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund designed to track publicly traded companies that hold at least 1,000 bitcoin (BTC). The index follows specific rules: companies must hold a minimum of 1,000 BTC, with holdings weighted based on the amount of bitcoin owned. The largest holding is capped … Read more

An Ethereum user saved several MakerDAO positions from the brink of a $360 million liquidation cascade on Tuesday, adding collateral at the final hour as the price of ETH tumbled. One of the positions had a liquidation price of $1,928, this was triggered alongside a market plunge during U.S. trading hours. The ETH was less … Read more

Wall Street asset management firm Cantor Fitzgerald has tapped Copper and Anchorage Digital as custodians for its new bitcoin (BTC) financing business, which aims to provide institutional investors with leverage on their bitcoin holdings, the firm said on Tuesday. “We are launching with $2 billion in initial financing and expect to substantially grow the operation … 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 2525.03, up 3.6% (+87.07) since 4 p.m. ET on Monday. Eighteen of 20 assets are trading higher. Leaders: APT (+7.5%) and NEAR (+6.7%). Laggards: BCH (-2.6%) and AAVE (-2.0%). … Read more

Circle has launched on Tuesday the upgraded version of its Cross-Chain Transfer Protocol (CCTP V2), a tool that facilitates USDC transfers across blockchains. The company said that the upgrade significantly cuts down transaction times to seconds from the typical 13-19 minutes on Ethereum and its Layer 2 networks. CCTP, introduced in 2023, is designed to … Read more

Draconian crypto regulation that stopped U.S. citizens from benefiting from airdrops — a way of rewarding communities of users by distributing free tokens — has cost Americans as much as $2.6 billion in potential revenue and the government as much as $1.4 billion in lost tax income in the past four years, according to venture … Read more

Ethereum’s Holesky testnet finally reached finality on Monday, nearly two weeks after the Pectra upgrade went live. Epoch 119,090 sealed the deal at around 19:00 UTC, with over two-thirds of validators validating the network. An epoch is a period of time when a specific number of blocks is completed on the blockchain. Finality, which locks … Read more

Solana’s SOL entered murky waters as Monday’s broad crypto-market drop sent the token of the high-speed, low cost blockchain diving as much as 8% to $124. That’s less than the realized price of $134 for the first time since May 2022, according to Glassnode data. The realized price is the average cost basis of all … Read more

The recent crypto market downturn has caused the once-popular $120,000 bitcoin (BTC) options bet to lose its crown to the $100,000 bet in a sign that traders are reassessing their bullish expectations. At press time, the $100,000 call was the most popular BTC options contract on the exchange, boasting a notional open interest of $1.55 … Read more

VanEck has registered an Avalanche exchange-traded fund (ETF) in the U.S. state of Delaware as investment manager continue to apply for various altcoin-based product despite the clawback in the crypto market. The New York-headquartered company registered the “VanEck Avalanche ETF” on March 10, according to a filing on Delaware’s Department of State website. The registration … Read more

By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is looking to regain poise, with bitcoin bouncing above $81,000 ahead of tomorrow’s U.S. inflation report. Broadly speaking, the recovery from overnight lows is led by layer-1 and layer-2 coins, with gaming tokens also rising. The rebound comes amid indications of “peak fear” … Read more

Bitcoin’s (BTC) price on CME futures dropped to a low of around $76,700 on Monday, officially filling the CME futures gap that was created on Nov. 5, when President Trump won the U.S. election. At the end of February, bitcoin (BTC) briefly fell to approximately $78,500, partially filling the gap, as the lowest point of … Read more

The consumer price index (CPI) report due Wednesday will be the first under President Donald Trump’s tenure, with signs of cooling likely to raise the chance of an interest-rate cut and lift the spirits of investors in risk assets, who have been hammered in recent weeks. The Bureau of Labor Statistics is forecast to say … Read more

Coinbase (COIN) is one step closer to fully returning to India after securing registration with the Financial Intelligence Unit (FIU), the crypto exchange said on Tuesday. The Nasdaq-listed company, which was active in the country several years ago, faced a number of issues due to regulatory pressure and eventually backed away from India. In 2022, … Read more

Dogecoin (DOGE) and ether (ETH) cratered 9% in the past 24 hours as bitcoin (BTC) stumbled 4.5%, dipping below $80,000 and leading a brutal sell-off that wiped out $700 million in long positions. Leveraged traders betting on a rally got torched with $420 million in BTC longs and $150 million in ETH longs being liquidated, … Read more

Defiance’s leveraged Strategy (MSTR) exchange-traded funds (ETFs) saw a surge in activity on Monday as the bitcoin (BTC)-holding firm’s shares fell to their 200-day average. A record 24.33 million shares in the Defiance daily target 2x long MSTR ETF, trading under the ticker MSTX, changed hands as the ETF price slipped 32% to $17.90, the … Read more

Bitcoin (BTC) miner CleanSpark (CLSK) is set to join the S&P SmallCap 600 index before the market opens on March 24, the company announced. CleanSpark is the second crypto miner to be added to the index after peer Marathon Digital was added to the list last year. The index measures the performance of smaller publicly … Read more

It may be a coincidence, but the recent decline in the Nasdaq and bitcoin (BTC) coincides with a sharp rise in Japanese government bond yields and the strengthening of the safe-haven Japanese yen (JPY), reminiscent of the market dynamics seen in early August. There could be a causation here, as, for decades, the low-yielding yen … Read more

The latest draft of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, introduced before a hearing Tuesday, proposes a significant shift in the approach to stablecoin oversight. The draft want to split stablecoin regulation between state and federal authorities, while also introducing new enforcement and transparency requirements for issuers. The GENIUS Act … Read more