CoinDesk

Hedge funds hold record short positions in ether (ETH) futures trading on the Chicago Mercantile Exchange (CME), raising questions about the motivations behind these positions. At first glance, the data could suggest that sophisticated market players anticipate price slides, as discussed on social media. However, this isn’t entirely accurate; carry trades or arbitrage plays primarily … Read more

Odds of a litecoin (LTC) exchange-traded fund (ETF) going live in the coming months jumped to over 90% with dogecoin (DOGE) next at 75% odds, well-followed ETF analyst James Seyffart said in an X post late Monday. Seyffart made similar predictions for bitcoin (BTC) ETFs before the products went live in 2024. Several providers have … Read more

Cardano’s ADA token surged 11%, outperforming bitcoin (BTC) and ether (ETH), after Grayscale Investments applied for the first-ever spot ADA exchange-traded fund (ETF) in the U.S. ADA jumped to 80 cents, with the move starting late Wednesday, according to CoinDesk data. However, the ninth-largest cryptocurrency by market value, is still down 36% from its December … Read more

Crypto investment firm Grayscale on Monday filed to list a Cardano (ADA) exchange traded fund on the New York Stock Exchange. Grayscale, which last year broke through U.S. regulators’ blockade against the bitcoin ETF, has never previously offered a standalone ADA investment vehicle despite making past moves to do so. But the Trump 2.0 SEC’s … Read more

Klarna Bank AB, a Swedish fintech company popular in Europe, plans to embrace cryptocurrencies on its platform, the firm’s chief executive officer, Sebastian Siemiatkowski announced in a post on X over the weekend. “I give up. Klarna and me will embrace crypto! More to come,” he wrote to his 33,000 followers on the app. Klarna … Read more

The latest state effort to set up the investment of public money into cryptocurrency, a bill introduced on Monday in North Carolina, is backed by the state’s Speaker of the House Destin Hall. The high-profile North Carolina push contemplates putting as much as 10% of its general and highway funds into digital assets, limiting it … Read more

Crypto’s “proof of humanity” sector saw a major merger on Monday with Holonym Foundation acquiring Gitcoin Passport for an undisclosed sum of cash and tokens. The transaction unites two close companies: Holonym was already distributing its tech through Gitcoin Passport, a logbook where 2 million internet users stash proof of personhood for services that need … Read more

The crypto industry can likely look forward to two more agencies falling into line on its digital assets policy aims: the Office of the Comptroller of the Currency, which is one of the chief U.S. banking regulators, and the Consumer Financial Protection Bureau, where the lights are effectively being shut off. The sector’s dicey relationship … Read more

Eric Council Jr., the Alabama man charged with hacking the X account of the U.S. Securities and Exchange Commission (SEC) to falsely post the agency had approved bitcoin exchange-traded funds, is set to plead guilty in the case. A “Consent Order of Forfeiture,” filed in D.C. federal court shows Council has agreed to plead guilty … Read more

Crypto regulations are a competitive business in Asia, with places such as Hong Kong and Singapore vying to become Asia’s crypto hub and capture all the business associated with that status. The challenge, though, lies in crafting a rulebook that balances investor protections with a welcomingness to businesses and new capital. And here, Hong Kong … Read more

We’re thrilled to announce the launch of the CoinDesk Mobile App – designed to bring you the latest crypto news, real-time market data, and expert insights, all in one easy-to-use platform. Whether you’re a trader, investor, or blockchain enthusiast, this app will keep you informed and ahead of the game. Why You’ll Love the CoinDesk … Read more

Cryptocurrency exchange Binance’s bitcoin (BTC) reserves dropped by $355 million last month while customer balances grew by more than $4 billion, bringing the two figures more in line with each other, according to recently published exchange reserves data. At the turn of the year Binance, the largest crypto exchange by trading volume, held 622,192 BTC … Read more

President Trump has proposed the Federal government hold digital currencies, and some media and political people have pushed back with dire warnings of the impact on the U.S. dollar. But the reality of Trump’s proposal differs sharply from that painted by Trump’s hysteric critics. BTC is not a threat to the U.S. dollar and U.S. … Read more

A man who says he lost $784 million worth of bitcoin (BTC) in a landfill site is talking to investors about potentially buying the land, the BBC reported on Monday. “I have discussed this option recently with investment partners and it is very much on the table,” James Howells said, according the BBC. Howells said … Read more

For the past century, the U.S. has reigned as the economic superpower of the world. The key to this sustained economic might is a regulatory environment that encourages and enables technological innovation. From semiconductors to personal computers to internet 1.0 and 2.0, U.S. companies have led in developing cutting-edge technologies because our country empowers its … 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 3223.5, up 2.8% (+89.04) since 4 p.m ET on Friday. Nineteen of 20 assets are trading higher. Leaders: LTC (+15.5%) and APT (+9.0%). Laggards: XLM (-3.0%) and ADA (+0.5%). … Read more

A fresh round of tariffs by U.S. president Donald Trump and lack of short term catalysts is inciting caution from market watchers, who believe Ethereum’s ether (ETH) may be particularly affected. Trump on Sunday said he will introduce 25% tariffs on all steel and aluminium imports into the US, on top of existing duties, with … Read more

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR). Strategy (MSTR) increased its bitcoin (BTC) holdings to 478,740 BTC after last week’s pause with the purchase of $742.4 million worth of the largest cryptocurrency The Tysons Corner, Virginia company formerly known as MicroStrategy bought 7,633 BTC in the week ended Feb. 9, … Read more

Ripple on Monday partnered with Portuguese currency exchange provider Unicâmbio to support instant international payments between Portugal and Brazil using its payments platforms, which uses “digital assets” for faster and cheaper cross-border settlements. Unicâmbio’s corporate customers can move funds and settle payments in minutes using the service, which Ripple said was its first foray into … Read more

Bitcoin (BTC) difficulty hit an all-time high of 114.7 trillion (T) following a 5.6% upward adjustment over the weekend, according to CoinWarz. This coincides with the Hash Ribbon metric signaling a miner capitulation. Hash Ribbon, is a market indicator, which hints at a local bottom for bitcoin (BTC) and often forms when miners capitulate — … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Despite the increasing rhetoric surrounding President Donald Trump’s tariffs, bitcoin (BTC) is holding steady alongside positive cues from foreign exchange risk barometers like AUD/JPY. Later today, Trump is due to impose 25% tariffs on steel and aluminum imports on top of additional metal duties. This market … Read more

U.S. endowment funds are increasing their exposure to crypto as the digital assets soar to new highs, The Financial Times reported on Sunday. Franklin Bi, a general partner at Pantera Capital, noted that there had been a “huge shift” in interest in digital assets from endowments and foundations that just five years ago had reported … Read more

A member of layer 2 scaling solution Base has refuted rumors that its sequencer Coinbase has been selling ether (ETH). “Coinbase has accumulated $300M+ in ETH, which is more than 2x all of Base’s ETH earnings over time,” Base member Kabir.base.eth said on X Sunday. “Base and Coinbase have and continue to hold ETH and … Read more

Metaplanet (3350) announced full-year 2024 financial results and is now sitting on an unrealized gain of approximately $36 million (5.46 billion yen) on a total of 1,761 BTC, acquired for $137 million. The bitcoin investor said it increased its shareholder base by 500% to 50,000 in 2024. Metaplanet has several ways of increasing bitcoin holdings … Read more

Bitcoin (BTC) and crypto markets are still recovering from last week’s bloodbath, but it appears that the memecoin fever is alive and well as three big tokens were issued over the weekend. BNB Chain-based TST token, issued as a memecoin by the blockchain’s community following a tutorial video on how to issue tokens, zoomed to … Read more

A momentum indicator that presaged bitcoin’s (BTC) post-election price surge has now turned negative, coinciding with President Donald Trump’s tariff rhetoric, which threatens to destabilize markets. Still, there’s no need to panic just yet. That indicator is the moving average convergence divergence (MACD) histogram, which is used to gauge trend strength and changes. It’s calculated … Read more

Polymarket bettors have put $1.1 billion in volume on the outcome of the Superbowl, which saw the Philadelphia Eagles beat out the Kansas City Chiefs 40-22, as the betting platform continues to gain steam, despite regulatory hurdles. Polymarket has become the go to avenue for placing on-chain bets, which has brought in scrutiny from regulators. … Read more

Major financial institutions have been raising their gold price forecasts as the precious metal’s price benefits from growing trade war fears and central banks’ accumulations. This week, strategists at both Citi and UBS issued increased gold price forecasts, anticipating the precious metal’s bull run will continue as markets are pressured by geopolitical tensions and economic … Read more

The perceived odds of Ye, the rapper formerly known as Kanye West, launching a token have plummeted after he posted on social media that he is “not doing a coin” in a post where he added that “coins prey on the fans with hype.” That post saw the perceived odds of Kanye launching a token … Read more

Brazilian stock exchange B3 is set to expand its cryptocurrency offerings with the introduction of bitcoin (BTC) options and futures contracts for ether (ETH) and solana (SOL). The expanded offerings are set to come sometime this year, the exchange’s CEO Gilson Finkelsztain told local media. Bitcoin futures contracts were added to the exchange in April … Read more