Bitcoin (BTC) tumbled over the weekend, sinking well below the $100K mark as markets reacted to the latest escalation in the U.S. trade disputes. The broader digital asset market followed suit, leading to one of the most significant sell-offs since the outbreak of Covid and the collapse of FTX. Specifically, President Donald Trump announced sweeping … Read more
Two venture-backed veterans of crypto’s data storage subsector, Textile and 3Box Labs, the builder of Ceramic, have merged in an all-stock deal, CoinDesk has learned. The companies will operate under Textile’s brand and retain their staff and data infrastructure- focused product lines. Textile CEO Andrew Hill will head the merged organization. Self-described “friendly competitors,” Textile … Read more
The governance foundation for decentralized artificial intelligence (AI) ecosystem 0G has unveiled an $88 million fund for the creation of AI applications. The 0G Foundation is seeking submissions from teams developing decentralized finance (DeFi), on-chain data marketplaces for secure data sharing, AI-driven gaming and social applications, according to an emailed announcement Wednesday. The fund is … Read more
“Debanking” has become a buzzword in Washington lately. The term refers to a controversial practice where crypto companies and other businesses have been cut off from banking services, allegedly due to pressure from federal regulators. Many in our industry have dubbed this “Operation Chokepoint 2.0,” comparing it to a previous Obama-era initiative that discouraged banks … 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 3310.92, up 0.2% (+5.24) since 4 p.m. ET on Tuesday. Fourteen of 20 assets are trading higher. Leaders: AAVE (+6.9%) and LTC (+3.7%). Laggards: XRP (-1.2%) and SUI (-1.2%). … Read more
The average withdrawal price of bitcoin (BTC) from exchanges in 2025 currently stands at $100,356. At present, bitcoin is trading just below this level, hovering around $98,000. The concern arises when bitcoin falls below the average withdrawal price for a sustained period of time, as this can often trigger continued selling and more downward price … Read more
The ransomware business took a hit in 2024, with payments falling 35% year-over-year, according to a new report from Chainalysis. Though the number of ransomware attacks increased in 2024, ransomware gangs made less money, pulling in $814 million compared to 2023’s record-high sum of $1.25 billion. The blockchain analytics firm attributes the decline to a … Read more
Gold (XAU) is reaffirming its status as a safe haven asset amid ongoing fears of a U.S.-led trade war, while bitcoin (BTC) struggles to gather upside traction. The dynamic is driving the bitcoin-gold ratio lower. The ratio between bitcoin’s USD price and gold’s per ounce dollar price has dropped to 34, the lowest since Nov. … Read more
U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) have seen a 175% year-over-year increase in almost the first three weeks of trading. In 2025, from Jan. 13 to Feb. 5, net inflows equaled $4.4 billion, while the 2024 net inflows for the first three weeks equaled $1.6 billion. The spot bitcoin ETFs were one of the … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market has turned somber, with major cryptocurrencies such as bitcoin (BTC), ether (ETH), solana (SOL), Binance coin (BNB) and chainlink (LINK) trading as much as 3% lower, amid frustration over the slow progress on the creation of a U.S. strategic BTC reserve and signs … Read more
Crypto exchange Bullish Global is considering selling shares to the public for the first time at some point during 2025, Bloomberg reported, citing people familiar with the matter. The company, which owns CoinDesk, is working with Jefferies Financial Group on the potential listing, Bloomberg said. Talks of an initial public offering (IPO) comes as the … Read more
The XRP Ledger (XRPL) was briefly unavailable early Wednesday as a consensus mechanism design led to a temporary halt in network operations. The incident began when the network’s consensus process appeared to function, but validations were not being published, causing the network’s ledgers to “drift apart.” In the XRP Ledger, consensus among validators is crucial … Read more
Blockstream, the crypto company co-founded by legendary bitcoin (BTC) developer Adam Back, is expanding its global presence with the opening of a new office in Tokyo, the company said in a press release on Wednesday. The company will be partnering in the region with Diamond Hands, Japan’s leading Bitcoin strategic consultancy, and investment firm Fulgur … Read more
The relationship between stocks and crypto markets is likely to weaken in the future, Wall Street bank Citi (C) said in a research report Monday. While equities have been and remain the most important macro driver of crypto markets, the “equity-crypto correlation is likely to fall over time as the nascent asset class matures, the … Read more
Ondo Finance, a leading tokenized real-world asset (RWA) issuer, has unveiled a new offering to accelerate the onboarding of traditional assets to blockchain technology. Ondo on Tuesday introduced Ondo Global Markets (Ondo GM), a platform dedicated to providing onchain access to stocks, bonds, and exchange-traded funds (ETFs). The specific details regarding which stocks, bonds, and … Read more
The Bitcoin network hashrate, a proxy for competition in the industry and mining difficulty, rose slightly in January, Wall Street bank JPMorgan (JPM) said in a research report on Monday. The monthly average network hashrate rose 1% to 785 exahashes per second (EH/s), the bank noted, while mining difficulty fell 2% month-on-month. The month-end, weekly … Read more
Since early 2023, Bitcoin (BTC) has chalked out a classic stairstep bull run, characterized by incremental price increases followed by periods of consolidation that set the stage for the next move higher. The cryptocurrency’s ongoing price consolidation between $90,000 and $100,000 is the third of the broader bull run from $20,000. The consensus is that … Read more
Bitcoin (BTC) mining company Bitdeer announced today that it had acquired a 101-MW gas-fired power plant near Fox Creek, Alberta, to build a “vertically integrated” BTC mining operation. “We are really excited about planting roots in Alberta, our first site in Canada. This acquisition is the culmination of extensive collaboration with multiple government agencies and … Read more
U.S. Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham said Tuesday the regulatory agency has reorganized its enforcement division to “refocus” on fraud and “stop regulation by enforcement.” Under former Chairman Rostin Behnam, the CFTC’s Division of Enforcement had a variety of task forces, including one focused on insider trading, another focused on cybersecurity … Read more
The rally in bitcoin (BTC) and crypto from the weekend’s tariff-induced panic has proven to be a short-lived one. Late in the U.S. trading day, bitcoin was down 4.8% over the past 24 hours to $96,900 after having climbed up to the $101,000 level just two hours earlier. Much of the altcoin sector fared worse, … Read more
The U.S. Securities and Exchange Commission’s (SEC) newly-created Crypto Task Force is working to create long-awaited regulatory clarity for the crypto industry, according to a Tuesday statement from Commissioner Hester Peirce. Pierce, who was appointed by Acting Chair Mark Uyeda to spearhead the Crypto Task Force, laid out 10 of the group’s priorities, including resolving … Read more
Taproot Wizards has raised $30 million with which it plans to build an ecosystem of applications using the OP_CAT Bitcoin improvement proposal (BIP). OP_CAT is a feature that Bitcoin’s pseudonymous founder Satoshi Nakamoto included in the software’s original code but which he/she/they removed out of concerns that it exposed it to risks such as denial-of-service … Read more
The U.S. Securities and Exchange Commission’s (SEC) Acting Chairman Mark Uyeda unveiled a list of the agency’s newly-appointed executive staff on Tuesday, including three members of the Crypto Task Force. Two of the task force’s appointees come from within the SEC’s ranks. Richard Gabbert, who formerly served as a counsel to crypto-friendly task force head … Read more
The U.S. House of Representatives and Senate are forming a joint working group to advance crypto legislation, and David Sacks, the crypto czar appointed by President Donald Trump, said his aim is “ensuring American dominance in digital assets” in an appearance Tuesday at a joint press conference in Washington. Alongside the chiefs of the congressional … Read more
The artificial intelligence (AI) world was taken by storm a few days ago with the release of DeepSeek-R1, an open-source reasoning model that matches the performance of top foundation models while claiming to have been built using a remarkably low training budget and novel post-training techniques. The release of DeepSeek-R1 not only challenged the conventional … Read more
Solana-focused Canadian investment company Sol Strategies purchased 40,300 SOL between Jan. 19 and Jan. 31, for approximately $9.9 million at an average price of $246.53 per token. The Toronto-based company, which runs three mainnet Solana validators, said that it now holds 189,968 SOL worth roughly $40.89 million purchased at an average price of C$256.21 per … Read more
Ethereum is facing an identity crisis. Its native token, ether (ETH), is underperforming against competitors, and longtime builders are beginning to question whether the chain’s technology is falling behind—and if its community is losing focus. The Ethereum Foundation, the nonprofit that stewards Ethereum’s development, has been blamed for many of the network’s struggles. Co-founder Vitalik … Read more
The opening shot is being been fired in the new Congress’ crypto push with a plan for a Tuesday introduction of a stablecoin oversight bill from Senator Bill Hagerty. The legislation would set up a U.S. regulatory framework for issuing the dollar-denominated tokens, according to a person familiar with the effort. The Tennessee Republican, who … Read more
Blockchain firm Neptune Digital Assets (NDA) said it bought 1 million dogecoin (DOGE) tokens through what the company said was a “strategic derivative purchase” on Dec. 27. The Vancouver, Canada-based company, which focuses on cryptocurrency and blockchain infrastructure, is down significantly on the investment. The memecoin has dropped 27% to 27 cents since the purchase. … Read more
Ether, the second-largest cryptocurrency by market value, crashed hard Monday as prospects of a U.S.-led trade war weighed on risk assets. Data shows investors likely bought the dip, snapping up coins at lower prices. According to analytics firm IntoTheBlock, ether worth almost $1 billion left centralized exchanges Monday, the highest single-day net outflow since January … Read more