Foundation Capital, an early backer in Solana and AI chip maker Cerebras, has raised $600 million for its eleventh flagship fund. The fund is 20% larger than its predecessor $500 million fund, which closed around three years ago. Foundation Capital’s focus is on early-stage investing, which “means being there at day zero,” according to an … Read more
A multi-day ‘extreme fear’ reading in a widely-followed sentiment index could be indicative of bitcoin prices setting a bottom before moving higher in the coming weeks — with a previously similar setup preceding a 200% rise in BTC. The Fear and Greed Index, which measures investor emotions in markets like bitcoin, ranging from 0 (lowest … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market has stabilized somewhat following comments from Commerce Minister Howard Lutnick, who said President Donald Trump could announce on Wednesday a pathway for tariff relief on Canadian and Mexican imports covered by NAFTA. That has helped BTC bounce to nearly $90K, with the total … Read more
Bitcoin (BTC) open interest (OI) has fallen to its lowest level since August, currently standing at 413,000 BTC ($36 billion), according to Glassnode data. OI represents the total funds allocated in outstanding futures contracts, effectively measuring the amount of leverage in the bitcoin system. Since these contracts are denominated in dollars, their value fluctuates with … Read more
Billions in XRP tokens and thousands of bitcoin were sent to exchanges shortly after U.S. President Donald Trump revealed plans to include the assets as part of a U.S. crypto strategic reserve, one that may have contributed to their rapid price reversals after a surge. Hourly inflows reached up to 193 million XRP after Trump’s … Read more
Animoca Brands’ most recent year-end financial report shows a shift in the company’s focus, with the web3 giant run reporting that its Digital Assets Advisory has edged out its traditional revenue source. The firm’s advisory unit generated $165 million in 2024, a 116% year-over-year increase. According to a release, this division provides web3 projects with … Read more
Technical charts, particularly the shape of candlesticks, often reflect the psychology behind the market, highlighting trader sentiment and behavior. Since Friday, at least two bitcoin (BTC) candles have indicated bullish undercurrents at multi-month lows, providing a glimmer of hope for crypto bulls. The chart below shows that BTC’s price decline has stalled at the 200-day … Read more
Crypto bank Sygnum has expanded its custody platform to include the world’s leading options exchange Deribit. Sygnum and Deribit are now leveraging crypto custodian Fireblocks’ “Off Exchange” service, which allows traders to essentially “mirror” their assets held in custody on a trading platform. This will allow traders to hold their assets in a regulated bank … Read more
At the start of the year, CoinDesk research indicated that the Dollar index (DXY) a measure of the U.S. dollar’s strength against a basket of major trading partners was mirroring its trajectory from Donald Trump’s first term as president. Between September 2024 and January 2025, coinciding with Trump’s re-election, the DXY index climbed from 100 … Read more
Ethereum’s long-awaited Pectra upgrade took a major step forward early Wednesday with its successful deployment on the Sepolia test network. The biggest upgrade to Ethereum since 2024, Pectra consists of 11 major features, or “Ethereum improvement proposals” (EIPs), that will be shipped all at once. Together, the features aim to enhance staking, wallet functionality, and … Read more
Aave DAO, the autonomous organization that supports the lending and borrowing platform, proposed a major plan on Tuesday detailing steps to accrue value for the AAVE token and reward users. AAVE tokens are up 21% in the past 24 hours, beating a 3.5% bump in the broader market tracked by the broader CoinDesk 20 (CD20), … Read more
Brendan Gunn, the brother of Australian breakdancer Raygun, has been charged by the Australian securities regulator for running a crypto-linked fraud scheme. The Australian Securities and Investments Commission (ASIC) charge Gunn with a criminal offence, which carries a maximum three years imprisonment, a fine of $37,800 or both. Raygun, aka Rachael Gunn, is an Australian … Read more
Last week, prices for BlackRock’s spot bitcoin (BTC) exchange-traded fund (ETF) declined over 11%, with volumes reaching the highest since mid-November, according to data source TradingView. Over 331 million shares of the ETF, which trades under the IBIT ticker on Nasdaq, changed hands as the fund’s price dipped below the January support of $50.69, eventually … Read more
There’s a 70% chance that the trade war between Canada and the U.S. will be over by May, according to odds on a Polymarket contract on the topic, as Commerce Secretary Howard Lutnick told Fox Business that U.S. President Donald Trump was open to negotiation. On Tuesday morning, Canada and Mexico faced the implementation of … Read more
Strong support from many Democrats helped win a victory for a U.S. Senate effort to erase a Biden administration crypto tax rule on Tuesday, clearing what may have been the most difficult hurdle toward eliminating the Internal Revenue Service’s new broker rule that was set to include decentralized finance (DeFi). The Senate voted 70-27 to … Read more
Executives from a wide array of crypto companies, including Coinbase, Chainlink and Exodus, will represent the industry Friday at U.S. President Donald Trump’s first White House crypto summit. Coinbase CEO Brian Armstrong, Chainlink Labs co-founder Sergey Nazarov, Exodus CEO J.P. Richardson and Strategy Chairman Michael Saylor have all confirmed their attendance at the event, which … Read more
David Sacks, President Donald Trump’s crypto and artificial intelligence czar, came under fire this week following allegations that he could financially benefit from Trump’s announcement of a U.S. strategic crypto reserve. The initiative, which Trump shared details about on Sunday, would involve the government holding a reserve of digital assets, including Bitcoin (BTC), Ethereum (ETH), … Read more
Led by President Nayib Bukele, El Salvador apparently has no intention of stopping its accumulation of bitcoin (BTC) no matter what the IMF demands. “‘This all stops in April.’ ‘This all stops in June.’ ‘This all stops in December.’ No, it’s not stopping,” Bukele posted on X on Tuesday afternoon. “If it didn’t stop when … Read more
The U.S. Securities and Exchange Commission (SEC) has agreed to drop its enforcement case against Cumberland DRW, the crypto trading arm of Chicago-based trading firm DRW, according to a Tuesday announcement from the company. The SEC sued Cumberland DRW last October, accusing the firm of acting as an unregistered securities dealer and alleging it sold … Read more
A big Tuesday reversal in risk markets has seen bitcoin (BTC) climb nearly 10% from its weakest level of the session and the Nasdaq move into the green after being lower by nearly 2% earlier in the day. Buffeted about by Trump’s tariff threats for weeks, stocks and crypto initially were sharply lower today as … Read more
Bitcoin development firm Blockstream is launching three investment funds, including two focused on crypto lending, the company announced Tuesday. The crypto company co-founded by legendary bitcoin (BTC) developer Adam Back plans to launch a fund that underwrites Bitcoin-backed loans and one that allows for crypto borrowing with U.S. dollars as collateral while a third fund … Read more
Brian Strugats, head of trading at cryptocurrency prime broker FalconX, has left the business, according to an internal memo seen by CoinDesk. Strugats left the firm last week, the memo said. He had been employed by the crypto firm for more than three years, and was based in New York, according to his LinkedIn profile. … Read more
SBI VC Trade, a subsidiary of financial giant SBI Holdings, has secured regulatory approval as an Electronic Payments Provider in Japan. The regulatory approval, granted under the Japan Financial Services Agency’s (JFSA) new framework, allows the exchange to offer stablecoins, making it the first in the country to list and distribute USDC. “USDC becomes the … Read more
The White House is signaling a likely approval from President Donald Trump if a congressional resolution hits his desk that would rescind a crypto Internal Revenue Service rule approved just before he returned to office. Trump’s senior advisers will recommend he sign the Congressional Review Act resolution into law, according to a Tuesday statement posted … Read more
The United States is undisputedly the leader of global innovation. From technology, to agriculture, to finance, we stand alone. We have retained this position not because we force innovators to adopt our values, but because we allow entrepreneurs, who hold these values, to build in the United States free from government interference and excessive regulations. … Read more
The Bank of Israel has put forward a possible design for a central bank digital currency (CBDC) should the decision be made to introduce one in the future. The central bank described the proposed digital shekel (DS) as a “multipurpose CBDC”, to wit it would be for both retail and wholesale use, in a paper … Read more
One might think that virtually all Bitcoiners would be thrilled about the notion of the U.S. government acquiring BTC (and perhaps a basket of other cryptoassets) and effectively ratifying it as a global asset of consequence. However, I count myself among the few holdouts who don’t see the development as positive for either Bitcoin or … Read more
Portofino Technologies, a Switzerland-based crypto market making firm, has big plans for 2025, the company’s CEO Leonard Lancia told CoinDesk in an exclusive interview. The crypto market maker is exploring opening new offices in both New York and Singapore, Lancia said. The firm is regulated in the U.K., Switzerland and the British Virgin Islands, and … Read more
An ether (ETH) position worth more than $126 million came within 4% of being liquidated amid a crypto market plunge on Tuesday. ETH has now retraced more than the entirety of Sunday’s rally, shedding 22% of its value in the past 48 hours as it trades at $2,080. A fortuitous bounce at $2,000 protected Ethereum’s … Read more
As if the bursting of a speculative bubble in memecoins wasn’t enough to send crypto markets tumbling over the past weeks, a general risk off sentiment in traditional finance is adding to the pressure. Perhaps in a bit of a speculative bubble themselves, the major U.S. stock market averages have been in quick retreat of … Read more