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President Trump set off the mother of short squeezes on Sunday with his crypto reserve post, but gains are quickly reversing during early U.S. trading on Monday. Bitcoin (BTC) has slipped about 5% in the past hour, now trading at $89,500. It’s still up from roughly the $85,000 area prior to the president’s social media … 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 3109.04, up 14.5% (+393.25) since 4 p.m. ET on Friday. Nineteen of 20 assets are trading higher. Leaders: ADA (+58.8%) and XRP (+25.5%). Laggards: LTC (-8.5%) and APT (+0.6%). … Read more

Tether has appointed Simon McWilliams as its new Chief Financial Officer (CFO) as the leading stablecoin issuer moves toward the completion of a full financial audit. McWilliams, a finance executive with over 20 years of experience, is set to lead Tether’s transparency and regulatory engagement efforts. The appointment, according to the company’s announcement, represents a … Read more

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR) Strategy (MSTR) on Monday morning confirmed it did not purchase additional bitcoin (BTC) in the week ended Sunday, keeping its total holdings at 499,096 BTC. Led by Michael Saylor, the company has notably been making sizable bitcoin purchases nearly every week for the … Read more

As the smoke clears on its own newly dropped enforcement case, Coinbase is demanding the U.S. Securities and Exchange Commission cough up a record of its spending on investigations and actions against the wider industry in recent years The biggest U.S. crypto exchange is filing a Freedom of Information Act request — using its contractor … Read more

A U.S. crypto strategic reserve appears more likely after President Trump’s announcement over the weekend, Wall Street bank Citi (C) said in a research report on Monday. The President announced that XRP, solana (SOL) and cardano (ADA) would be included in a strategic reserve, and later added bitcoin (BTC) and ether (ETH) to the list … Read more

Core Scientific, Inc. (CORZ), a provider of digital infrastructure for high-performance computing (HPC) and bitcoin miner, has announced the appointment of Jim Nygaard as its new chief financial officer, effective Mar. 17. Nygaard, a veteran finance executive, brings extensive experience in M&A, corporate finance, and capital markets from his tenures at XMS Capital Partners and … Read more

U.S. President Donald Trump stormed the crypto world on Sunday night with the announcement of a crypto strategic reserve plan that includes XRP, Cardano’s ADA and Solana’s SOL — later adding bitcoin (BTC) and ether (ETH) to the mix. Trump has been discussing the idea of a strategic crypto reserve since his 2024 presidential campaign. … Read more

The U.S. Senate is poised to vote this week on reversing an Internal Revenue Service (IRS) rule, that the crypto industry has declared a serious threat to decentralized finance (DeFi), according to a person familiar with the Senate’s planning. The IRS’s attempt in December to expand the world of brokers required to disclose certain tax … Read more

The U.S. Securities and Exchange Commission (SEC) is undertaking a full-scale retreat from much of the major crypto litigation started under former Chair Gary Gensler, but not everyone is off the hook. At least four lawsuits against crypto companies — Ripple, Kraken, Cumberland DRW and Pulsechain — remain ongoing, and probes into another three firms — Unicoin, Crypto.com … Read more

Cronos, the blockchain ecosystem related to Crypto.com, wants to bring back 70 billion CRO tokens it burned in 2021 in a strange proposal that has largely left its community members flummoxed . The now-live governance proposal aims to restore its original 100 billion token supply under a strategy dubbed “The New Golden Age for Cronos.” … Read more

By Omkar Godbole (All times ET unless indicated otherwise) The flip-flopping nature of the crypto market is on full display as the sentiment on social media has changed from “it’s so over” to “we are so back” in just 24 hours, thanks to President Donald Trump naming BTC, ETH, XRP, SOL and ADA as candidates … Read more

Crypto-equities have rebounded following Donald Trump’s crypto strategic reserve announcement. With just hours until the U.S. market opens, bitcoin (BTC) remains above $92,000, recovering from its recent drop to $78,000. As a result, crypto-related stocks have jumped after significant declines—Strategy (MSTR) rebounded 12% after dropping as much as 50% from its November high. Coinbase (COIN) … Read more

XRP is taking a bull breather a day after Donald Trump sounded plans for a strategic token reserve alongside bitcoin (BTC), ether (ETH), cardano (ADA) and solana (SOL). The payments-focused cryptocurrency rallied 25% within hours of Trump’s Truth Social post, reaching $3, but has since pulled back to $2.6 at press time. Prices have pulled … Read more

Metaplanet (3350) purchased 156 BTC for $13.4 million at $85,590 per bitcoin. As a result, Metaplanet has achieved a BTC yield of 31.8% year-to-date. As of March 3, Metaplanet now holds 2,391 BTC, for a total amount of $196.3 million, at an average price of $82,100 per bitcoin. Also, according to Simon Gerovich, CEO of … Read more

Bitcoin’s (BTC) spot price rose 9.5% from roughly $84,100 to over $94,000 on Sunday after President Donald Trump named BTC and four other coins – ETH, XRP, SOL and ADA – for U.S. strategic crypto reserve. That has led to a gap-up opening for the March futures listed on the CME, as shown by data … Read more

Bearish bets on major tokens lost nearly $600 million on Sunday as traders were caught offside following President Donald Trump’s announcement of a U.S. strategic reserve for several tokens. Sundays are typically marked with relatively lower liquidity, making for unusually high price jumps as it takes comparatively less money to move assets. Cardano’s ADA was … Read more

U.S. President Donald Trump’s intentions of establishing a national strategic reserve of solana (SOL), cardano (ADA) and XRP sent the assets rocketing as much as 60% on Sunday. Still, traders express caution until plans are more concrete. “The current upward momentum might see a correction in the short term, as investors price in the crypto … Read more

Bitcoin (BTC) and the broader crypto market have seen a notable bullish turnaround in the past 24 hours, fueled by President Donald Trump’s announcement of the five tokens he expects to include in the long-promised strategic crypto reserve. That has revived investor interest in the Deribit-listed call options or bullish bets at the $100,000 level, … Read more

U.S. President Donald Trump on Sunday said that bitcoin (BTC), ether (ETH), XRP, solana (SOL) and cardano (ADA) could comprise the promised strategic crypto reserve, sparking a sharp rally in these tokens’ prices. The spot-led rally saw these tokens trade at a substantial premium on the Nasdaq-listed Coinbase exchange, a proxy for the U.S. demand, … Read more

A weekend Truth Social post from President Donald Trump set in motion the first steps in creating a strategic U.S. bitcoin (BTC) reserve, but Polymarket traders are skeptical that it will happen within the first 100 days. As of press time, Polymarket bettors are giving a 23% chance that a strategic BTC reserve will be … Read more

Bitcoin (BTC) has surged 7% in the past hour, crossing $92,000 after Donald Trump announced a crypto strategic reserve. The price is now up 15% from recent lows of $78,000. Data indicates this rally is driven by spot demand rather than speculation, signaling a healthy, organic move. Spot Cumulative Volume Delta (CVD) shows buyers as … Read more

Bitcoin’s (BTC) price surged past $91,000 on Sunday after U.S. President Donald Trump announced crypto strategic reserves for the world’s biggest economy. In his initial announcement, Trump announced XRP, Solana (SOL), and Cardano (ADA) as cryptocurrencies to be included in the reserve and later said BTC and ether (ETH) would also be part of it. … Read more

U.S. President Donald Trump named XRP, Solana (SOL) and Cardano (ADA) as three assets to be contained in a strategic crypto reserve on Sunday, providing the first details about what this reserve may look like. Not included were Bitcoin (BTC) or Ethereum (ETH), the two largest digital assets by market capitalization. Trump made the announcement … Read more

The Ethereum Foundation (EF), the non-profit organization that supports the development and research of the Ethereum blockchain, shared in a blog post on Saturday that they have selected Hsiao-Wei Wang and Tomasz Stańczak as their new co-executive directors. The news follows Tuesday’s announcement of Aya Miyaguchi leaving that role to become the EF’s new president. … Read more

Roger Ver, an early bitcoin (BTC) investor who was once known as “Bitcoin Jesus” for his support of the cryptocurrency, was indicted for alleged tax fraud last year and could be sentenced to life in prison. Now, many industry veterans are coming to his support, including Ethereum co-founder Vitalik Buterin, who called the potential sentence … Read more

Swiss National Bank (SNB) President Martin Schlegel has rejected the idea of holding bitcoin as part of Switzerland’s central bank reserves, citing a lack of stability, liquidity, and security, according to local media. Speaking to the Tamedia group, Schlegel cited three primary concerns surrounding cryptocurrencies. The first one is their volatility, which he said makes … Read more

Spot bitcoin exchange-traded funds (ETFs) in the U.S. saw $94.3 million of total inflows on the last day of February as crypto’s worst month in three years came to an end. The figure capped an eight-day streak of outflow during which investors pulled over $3.2 billion from these funds as digital asset prices fell. BlackRock’s … Read more

The cryptocurrency market is showing initial signs of recovery from its worst month in three years after the price of bitcoin (BTC) plunged to $78,000 in a week that saw the space’s total market capitalization drop by over $400 billion. The dip in prices saw the Crypto Fear & Greed Index plunge to 10, a … Read more

The U.S. Securities and Exchange Commission has been busy over the past few weeks, hinting at a brighter future for crypto companies. PS: I’ll be in San Francisco next week for the American Banker Payment Forum. Say hello. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click … Read more