Czech President Petr Pavel signed a bill on Thursday exempting crypto users from paying taxes on long term gains, a spokesperson from the country’s Ministry of Finance told CoinDesk on Thursday. “The principle is if cryptoassets are held for more than three years, their sale will not be taxed, or transactions up to CZK 100,000 … Read more
Crypto Twitter may sometimes seem like a raging brawl, but come Feb. 20, there will be some actual live combat between crypto influencers at Consensus Hong Kong 2025. The conference will play host that evening to the eighth edition of Crypto Fight Night (CFN), an industry sporting and networking event that’s become hugely popular since … Read more
A wallet identified as belonging to World Liberty Financial, the decentralized finance (DeFi) platform backed by President Donald Trump and his family, has deepened its investment in Ondo Finance, the second-largest issuer of tokenized Treasuries. The address scooped up about 342,000 ONDO, the platform’s governance token, for $470,000 USDC on the CoW Protocol, according to … Read more
Crypto exchange Bybit completed registration with India’s Financial Intelligence Unit (FIU-IND) after agreeing to pay a 92.7 million-rupee ($1 million) fine for operating in the country without authorization. The Dubai-based company said in January it would temporarily halt its services to Indian users while it pursued the regulation process. “As part of this process, Bybit … Read more
U.S. President Donald Trump’s media company, Trump Media and Technology Group (TMTG), is making moves to launch exchange-traded funds (ETFs), including one tracking the price of bitcoin (BTC), according to an announcement on Thursday. The ETFs — three of them in total so far, alongside other planned products — would be launched under Trump’s Truth.Fi … Read more
In today’s issue, Ben Harper from Luxor Technology provides an update on what’s happening with bitcoin mining this year. Then, Colin Harper from Blockspace Media answers questions on the topic of mining and AI in Ask and Expert. – Sarah Morton You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial … Read more
New York, NY — Ondo Finance, the second-largest tokenized Treasuries issuer, said it plans to start its own layer-1 blockchain designed for tokenized real-world assets in a bid to connect traditional capital markets with decentralized finance, the company announced on Thursday at its inaugural Ondo Summit. Ondo Chain was crafted to meet institutional compliance standards … 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 3248.93, up 0.4% (+14.12) since 4 p.m. on Wednesday. Eleven of 20 assets are trading higher. Leaders: XLM (+1.5%) and LTC (+1.3%). Laggards: APT (-1.0%) and UNI (-0.8%). The … Read more
Foundry, the world’s largest Bitcoin mining pool by hashrate, has announced it’s diversifying its operations and bolstering the security Bitcoin layer-2 network Rootstock through merge mining. Merged mining allows miners to simultaneously mine two or more cryptocurrencies that employ the same hashing algorithm without compromising the overall mining efficiency. The move injects 740 exahashes per … Read more
Decentralized exchange (DEX) aggregator 1inch Network has expanded its cross-chain swapping capabilities by integrating ZKsync, a layer-2 scaling solution for Ethereum to provide faster and cheaper transactions when moving crypto between different networks. The integration, announced via a press release shared with CoinDesk, allows its users to seamlessly execute cross-chain swaps involving ZKsync. 1inch said … Read more
Earlier this week, Shiba Inu partnered with the UAE’s Ministry of Energy and Infrastructure (MoEI) to use its blockchain applications in various public sector services. Such partnerships bolster SHIB’s appeal, which sits at a $9 billion market capitalization as of Thursday. MoEI is set to use Shiba Inu’s Operating System (ShibOS) — on their layer-2 … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The past 24 hours have been marked by bullish postings on social media, with notable figures voicing positive outlooks on the cryptocurrency market that have worked their way into prices. Bitcoin has bounced to over $98,000 from $96,900, with President Donald Trump’s son Eric encouraging family-linked … Read more
On Wednesday, centralized exchanges registered a net outflow of over 17,000 BTC, worth more than $1.6 billion at the going market price of $98,600, according to Glassnode data shared by Andrew Dragosch, head of research Bitwise. That’s the biggest single-day exodus of coins since April 2024. “Whales are buying this dip,” Dragosch said on X, … Read more
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR). Strategy (MSTR) expects its convertible preferred stock Strike (STRK) to be listed on Nasdaq on Thursday, according to a slide in its earnings presentation. Strategy, formerly known as MicroStrategy, also introduced new performance metrics when it reported fourth-quarter earnings after the market closed … Read more
Layer 1 Berachain will airdrop just under 80 million of its BERA tokens to ecosystem and exchange users as the decentralized finance (DeFi)- focussed network goes live later on Thursday, per a release. The total initial supply of BERA is 500 million tokens, with 48.9% allocated for community engagement, including airdrops, ecosystem development, and research. … Read more
Two law firms that are involved in a proposed a class action suit against Pump.fun say they are now victims of tokens that are impersonating the firm’s likeness, and are demanding in a cease and desist letter that the memecoin factory immediately remove them. At the center of the controversy is a token called ‘DOGSHIT2‘ … Read more
Net inflows to spot XRP tokens turned positive early Thursday after days of outflows, putting the token in focus following a record-breaking month for its native decentralized exchange (DEX). Over $15 million in XRP flowed to centralized exchanges on Thursday led by deposits to Bybit and Kraken, Coinglass data shows. Spot inflows to exchanges may … Read more
U.S. Treasury Secretary Scott Bessent said Wednesday that the Trump administration aims to reduce borrowing costs in the economy by lowering the yield on the 10-year Treasury note. “He and I are focused on the 10-year Treasury,” Bessent told Fox Business when asked about plans to lower interest rates. “He is not calling for the … Read more
Bitcoin (BTC) has become a store of value and an instability hedge for the world’s wealthiest investors, Michael Sonnenfeld, the founder of Tiger21, said during an interview on CNBC. The members of Tiger21, a network of high-net-worth investors and executives, collectively have a net worth of $200 billion. The members have allocated around 1%-3% of … Read more
Bitcoin rose above $98,000 during Thursday’s Asian trading hours after Eric Trump, son of U.S. President Donald Trump, encouraged BTC investment on X. “[It] feels like a great time to enter BTC,” Eric Trump posted on X at 1:41 UTC, following which, BTC prices rose from $96,900 to $97,830. The micro CME futures topped the … Read more
The U.S. Commodity Futures Trading Commission’s legal campaign against prediction market platforms such as Polymarket and Kalshi can’t just be shut down, according to Caroline Pham, the acting agency chairman put in place by President Donald Trump. Pham said the agency will gather experts for a roundtable meeting, probably next month, that can build a … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller, CoinDesk’s Opinion and Features editor. In this issue: Ethereum’s Wall Street cheerleader Avalanche cuts fees by 75% Arbitrum integrates Bitcoin UBS tests ZKSync for gold This article is featured in the latest issue of The Protocol, our … Read more
Strategy (MSTR) reported a fourth-quarter net loss of $3.03 per share, compared to income of $0.50 per share a year earlier. The loss incurred as the company took an impairment charge on its 471,107 token bitcoin (BTC) holdings. Those holdings are worth more than $45 billion at bitcoin’s current price just above $97,000. For 2025, … Read more
Decentralized crypto trading engine Raydium is making a bid for Solana’s multibillion dollar perpetuals market – and gaining traction fast. Raydium’s weeks-old foray into offering these hyper-popular derivatives contracts – they allow crypto traders to speculate on price swings without holding the actual token – is already racking up $100 million in daily trading volume. … Read more
MicroStrategy (MSTR) has changed its name to Strategy in a move to simplify its brand and reflect the focus of the company, it announced Wednesday. Strategy’s new logo includes the famous Bitcoin “B”, signaling the company’s Bitcoin Treasury Strategy, and the name’s new primary color is orange. “This brand simplification is a natural evolution of … Read more
The world’s largest asset management firm with more than $10 trillion in AUM, Blackrock (BLK) plans on listing a bitcoin exchange traded product (ETP) in Europe, Bloomberg reported on Wednesday. The fund would be based in Switzerland and BlackRock could start marketing it as soon as this month, according to the report. This would be … Read more
As U.S. senators prepared to gather for a hearing about U.S. debanking of crypto clients, the interim chief of the Federal Deposit Insurance Corp. said his agency is overhauling its digital assets supervision and revealed more correspondence on Wednesday in which FDIC officials steered banks away from cryptocurrency business. Travis Hill, the acting FDIC chairman … Read more
Gold-backed cryptocurrencies are outperforming the wider market amid a historic rally for the precious metal, which is up around 9.7% so far this year to a new record of $2,880 per ounce amid growing trade war tensions. PAX gold (PAXG) and Tether gold (XAUT) have benefitted greatly from the precious metal’s rise, both rising roughly … Read more
The price of bitcoin (BTC) could balloon to $500,000 by 2028, lifted by increased investor access and diminishing volatility that will help keep it serving as a unique hedge against issues plaguing traditional finance, according to Standard Chartered. The largest cryptocurrency is likely to become less volatile as the year-old U.S. exchange-traded fund (ETF) market … Read more
For decades, corporate treasuries have relied on cash, bonds and short-term investments to preserve capital. But inflation, devaluing fiat currencies and near-zero interest rates have challenged this approach. A new dark horse is emerging and corporate finance is about to change forever. BTC as a corporate reserve asset Historically, corporations have kept substantial cash reserves … Read more