CoinDesk

Bitcoin (BTC) managed a minor bounce of its worst levels of the day, but the bitcoin mining stocks were unable to reverse any of their plunge as Chinese AI startup DeepSeek threw into question ideas that the miners had value as data center plays. The largest cryptocurrency was recently trading at $101,500, up from earlier … Read more

Elon Musk, picked by President Donald Trump to lead the new Department of Government Efficiency, proposed using blockchain technology as part of the operation, Bloomberg reported. Musk suggested that using a digital ledger would be a cost-efficient way to track federal spending, secure data, make payments and manage buildings, according to people familiar with the … Read more

Crypto assets saw a panicky decline overnight alongside a Nvidia-led tech stock plunge on DeepSeek’s more efficient artificial intelligence model. With bitcoin (BTC) at one point sliding from a Sunday high of $105,000 to below $98,000 before bouncing back to its current level just below $100,000, some analysts warned this could be the start of … Read more

Travala.com, the holiday website that allows users to pay with cryptocurrency, is in talks with potential buyers after receiving an unsolicited takeover approach late last year, according to two people with knowledge of the matter. The Binance-backed company received an inquiry, triggering outreach by Travala’s advisers to major online travel agencies such as Booking.com, one … 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 3657.28, down 7.0% (-274.43) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: BTC (-4.1%) and BCH (-4.9%). Laggards: UNI (-14.4%) and RENDER … Read more

Decentralized identity project Humanity Protocol has closed a $20 million funding round, raising its valuation to $1.1 billion. The funding round was co-led by Pantera Capital and Jump Crypto, according to an emailed announcement. The project last raised $30 million at a $1 billion valuation in May 2024 Humanity plans to use the new capital … Read more

As East Asia prepares to shut down for the Lunar New Year holiday and looks towards the Year of the Snake, it’s time to look back at bitcoin (BTC) and the CoinDesk 20 (CD20)’s performance during the Year of the Dragon. Hong Kong-based brokerage CLSA has an annual tradition of forecasting the market’s performance in … Read more

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). MicroStrategy (MSTR), led by Executive Chairman Michael Saylor, added to its bitcoin (BTC) holdings for a 12th straight week. In the week ended Jan. 26, the company bought 10,107 BTC, taking its total holdings to 471,107 BTC, Saylor wrote in a post on … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Last week, we described bitcoin above $100,000 as a coiled spring ready to unleash energy in either direction. Unfortunately for the bulls, that energy is being released downward as market sentiment shifts in response to concerns over the impact of the low-cost Chinese AI startup DeepSeek … Read more

Bitcoin (BTC) fell just below $98,000, a near 10% drawdown from all time highs, with investors questioning the continuation of the bull run. The fall was attributed to the concerns about China’s DeepSeek Artificial Intelligence hyper-efficient model competing with the U.S. industry at a fraction of the cost. Since President Trump won the U.S. election, … Read more

Bitcoin (BTC) market sentiment has turned bearish, with Wall Street’s tech-heavy Nasdaq futures trading 700 points lower. The risk aversion is driven by concerns that the cost-effective Chinese artificial intelligence startup DeepSeek could significantly challenge U.S. technological dominance. Bitcoin’s perpetual futures funding rates, periodic payments made between long and short positions in perpetual futures contracts, … Read more

Crypto exchange Bitpanda said it secured a markets in crypto assets license (MiCA) from the German Federal Financial Supervisory Authority (BaFin). The crypto asset service provider license will enable the exchange to operate across the European Union’s 27 nations. The Austria-based company had 6 million users in December and will use the license to accelerate … Read more

Bitcoin (BTC) miners Bitdeer Technologies (BTDR), CleanSpark (CLSK) and Core Scientific (CORZ) were initiated with an outperform rating by KBW, the investment bank said in a report Monday. The three bitcoin mining companies offer varying degrees of exposure to the largest cryptocurrency, the bank said. Bitdeer offers diverse exposure to a bitcoin mining business model … Read more

Bullish bets on higher crypto prices lost $770 million in the past 24 hours as bitcoin fell under $100,000, leading to some majors rapidly losing momentum in a bloody start to the week. Solana’s SOL and dogecoin (DOGE) dropped more than 10% to lead losses among majors, while ether (ETH), BNB Chain’s bnb, xrp (XRP) … Read more

Bitcoin (BTC) dropped to under $99,000 early Monday as traders took profits ahead of the first U.S. FOMC meeting this year, scheduled for later this week, and China-based AI stalwart DeepSeek impacted U.S. tech sector sentiment. Traders expect no indications of a rate cut at the two-day FOMC meeting scheduled for Jan. 28 to Jan. … Read more

Bitcoin (BTC) may drop to $75,000 should it trigger a so-called ‘double top’ bearish reversal pattern. A double top comprises two consecutive peaks at approximately the same price, with a trendline drawn through the low point between these peaks. The failure to break above the previous peak, followed by a subsequent decline, suggests that the … Read more

Artificial Intelligence (AI) tokens are in the red during the Asia morning trading hours, with the CoinGecko category down 9%, registering bigger losses than the CoinDesk 20 – a crypto index – which is down 5%. Crypto investors, like their traditional finance counterparts, are likely digesting the impact that DeepSeek, a new AI model, is … Read more

While the TRUMP token brought considerable attention to the crypto market, it struggled to onboard substantial new capital. That’s the takeaway from the comparative analysis of TRUMP’s market cap versus the total value of the crypto market. The memecoin launched with significant impact last week, reaching a market cap of over $10 billion on its … Read more

Donald Trump is officially the 47th President of the United States, and the U.S. government is going in some different directions from the last administration. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Executive order The narrative U.S. President … Read more

Remember those middle-school writing prompts: Describe your favorite cookie. Your teacher told you to write it as if to an alien, a being who had never encountered a cookie before, which meant touching on each sense – sight, sound, smell, touch, taste. You might not have realized it then, but describing something in a way … Read more

Nasdaq has filed a proposed rule change to allow in-kind creation and redemption for the BlackRock iShares Bitcoin Trust (IBIT), according to a Friday filing to the U.S. Securities and Exchange Commission (SEC). The process allows large institutional investors, called authorized participants (APs), to buy and redeem shares of the fund directly to bitcoin (BTC). … Read more

Solana (SOL), the layer-1 blockchain designed for high-speed and low-cost transactions, has been at the center of a trading frenzy with Donald Trump’s memecoin driving stablecoin supply on the network to a fresh record-high. The total stablecoin supply on Solana has surged to $10.5 billion, doubling since the start of January, according to data source … Read more

An investigation in the U.S. House of Representatives and a hearing in the Senate will examine whether financial regulators during the administration of former President Joe Biden deliberately cut off crypto industry leaders and others from the banking system in an inappropriate use of authority. “Debanking is un-American — every legal business deserves to be … Read more

It was a big week for crypto following the inauguration of Donald Trump to a second term Monday. The White House issued an executive order on digital assets, calling for a friendly approach to crypto across the administration and the creation of a “digital asset stockpile” (which may, or may not be, a Bitcoin Strategic … Read more

The DePIN revolution is coming to a fast food franchise near you. The movement that started with Helium and has spread to numerous categories, including mapping and car data, this year is now spreading to hospitality. The initiative shows how quickly DePINs — or decentralized networks of physical infrastructure — are becoming mainstream. The fast … Read more

Many participants in industry hackathons are just looking to make some quick prize money and move on to the next contest — Dominic Kwok calls them “bounty hunters.” But EasyA, the start-up for developers that he and his brother Phil started four years ago, is looking for a different type of competitor — those who … Read more

David Balland, co-founder of cryptocurrency wallet developer Ledger, was rescued in a police operation after being kidnapped in a ransom attack in France, according to reports, putting an end to days of swirling rumors. Paris Prosecutor Laure Beccuau said that Ballard and his wife were kidnapped on early Tuesday from their home in Central France … 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 3991.46, up 2.5% (+97.0) since 4 p.m. ET on Thursday. Nineteen of 20 assets are trading higher. Leaders: HBAR (+8.0%) and SOL (+4.8%). Laggards: ETC (-0.1%) and BTC (+0.4%). … Read more

What if you could put up your bitcoin (BTC) or ether (ETH) as collateral to buy a house? That’s essentially the idea behind real estate firm Propy’s upcoming sale, a condominium located in Honolulu, Hawaii, which is being sold at a starting price of $250,000. If they so choose, the prospective buyer will be able … Read more

Some $7.8 billion worth of bitcoin (BTC) options expire at the end of the month and, with the largest cryptocurrency trading well above the so-called max pain point, it’s possible market makers looking to maximize their profits will try to force it lower in the coming days. Data from Deribit, the largest decentralized options exchange, … Read more