Payments-focused cryptocurrency XRP’s short-term outlook appears grim as traditional financial giants do not seem interested in looking beyond BTC and ETH, while price action indicates signs of rally fatigue. On Wednesday, the Chicago Mercantile Exchange (CME) denied its plans to list futures tied to XRP and Solana’s SOL token. This swift denial likely indicates that … Read more
World Liberty Financial, the decentralized finance (DeFi) project linked to President Donald Trump, plans to buy more of Tron’s TRX token just days after a $2.6 million purchase, according to a person familiar with its plans. The project will buy an additional $2.65 million of TRX this week, the person said on Thursday, the same … Read more
Liquid restaking protocol Puffer Finance has announced details of its airdrop campaign, which will see users accrue the newly-launched CARROT token that can be converted to PUFFER at the conclusion of season 2 later this year. Users will accumulate CARROT through activities like staking, governance voting and liquidity provision. The protocol currently has $264 million … Read more
Singapore-based cryptocurrency exchange Phemex has said that it is “looking into” reports of a hack after one of its hot wallets was drained for $29 million worth of crypto tokens. Crypto security firm Cyvers reported “multiple suspicious transactions” from the Phemex hot wallet across multiple blockchains. The funds were swapped for ether (ETH). “As we … Read more
The outlook for bitcoin (BTC), the world’s largest cryptocurrency, is positive, and its price is expected to remain elevated in 2025, German lender Deutsche Bank (DB) said in a report Wednesday. A more favorable regulatory and political backdrop in the U.S., growing institutional adoption, and looser Federal Reserve monetary policy, are all expected to support … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin and most major cryptocurrencies are weaker after Chicago Mercantile Exchange, a proxy for institutional activity, denied reports of listing futures tied to XRP and SOL. Traditional markets are also holding their breath for the expected Bank of Japan interest-rate increase on Friday. Despite BTC’s continued … Read more
Ethereum layer-2 protocols are processing transactions faster than ever, with Coinbase’s BASE at the forefront of this progress. According to data from growthepie.xyz, the cumulative transaction throughput for layer 2s has skyrocketed to 29.64 million gas units per second (Mgas/s), the highest pace ever recorded. BASE leads the way, accounting for 67% of the total. … Read more
Bitcoin (BTC), the largest cryptocurrency by market capitalization, is likely to hit record highs on more than 70 days this year, more than triple last year’s number, if the price continues to mirror 2017’s performance. It’s already on the way, hitting $109,000 on Jan. 20, the day of President Donald Trump’s inauguration. In 2024, it … Read more
Volatility traders looking to capitalize on significant price swings may soon find opportunities. A key indicator suggests that bitcoin (BTC), currently above $100,000, resembles a coiled spring poised to release energy in either direction. The indicator is the rolling 60-day price range, representing the variation in maximum and minimum price ticks in percentage terms. A … Read more
Bitwise has officially submitted a registration filing for a dogecoin exchange-traded fund (ETF) as memecoin demand grows within the market. A “Bitwise Dogecoin ETF” was submitted late Wednesday and appeared on the Department of State’s Division of Corporations in the U.S. state of Delaware. Such filings may often be a spoof, but Bitwise confirmed the … Read more
An earlier leak on the website of Chicago Mercantile Exchange (CME) showing regulated XRP (XRP) and Solana (SOL) futures could start trading on Feb. 10 pending regulatory approval was an “error,” a representative of the company told CoinDesk. “A beta page from our website was released in error earlier today,” the spokesperson said. “Many mock-ups … Read more
U.S. Commodity Futures Trading Commission Chairman Caroline Pham, the Republican commissioner who just took over the agency as President Donald Trump returned to the White House, ushered out many of the agency’s top officials under predecessor Rostin Behnam, the Democrat who’d been appointed by Joe Biden. The staff changes — with each departure replaced by … Read more
Dear CoinDesk Community, Starting today, some readers will be asked to register for a free account to continue accessing our content. This change is part of a pilot program to help us better understand the needs of our audience and ensure that we are delivering content that is relevant and tailored to your interests. Registration … Read more
The release of Ross Ulbricht and the lifting of sanctions on Tornado Cash mark pivotal moments for the crypto community. It’s more than symbolic. It’s an opportunity to clearly rebrand the U.S. as a safe place to build the internet of money. Ross’ freedom comes after over a decade of imprisonment — a journey defined … Read more
Payments-focused cryptocurrency XRP and world’s most-used blockchain Solana (SOL) prices spiked on Wednesday afternoon, after report that the Chicago Mercantile Exchange (CME) is adding futures contracts of both. According to a post on X, CME have posted the futures page for XRP and SOL in their “staging subdomain.” A screenshot of the website shows that … Read more
Among the most vocal critics of TRUMP, the controversial and wildly popular memecoin launched by Donald Trump on the eve of his 2025 inauguration, are the very crypto enthusiasts he may have hoped to court. The TRUMP coin, launched on Jan. 17, saw a dramatic price surge, climbing from $7 to an all-time high of … Read more
Sentiment towards Ethereum’s ether (ETH) has sunk to depressed levels in recent times, but the latest maneuver of President Donald Trump-related crypto platform could spur hope for a reversal. World Liberty Financial (WLFI), the decentralized finance (DeFi) platform linked to the Trump family, this week deposited a total of 10,000 ether (ETH) worth $33 million … Read more
A new exchange-traded fund (ETF) by global investment management firm Calamos that promises to protect investors from the volatility in bitcoin’s price hit the market on Wednesday. CBOJ, the first of three ETFs, provides investors with 100% downside protection while offering 10% to 11.5% upside potential over a one-year period, according to a press release. … Read more
The crypto industry is waiting for President Donald Trump to issue an executive order that will steer the federal government toward a new, more welcoming era for digital assets oversight. That’ll be good for Trump’s own business, and that’s one of the reasons Democrats in the House of Representatives are already shouting about ethical lapses … Read more
TITLE: Lido Co-Founder Teases ‘Second Foundation’ for Ethereum Amid Community Backlash DEK: Vitalik Butern’s proposal for an Ethereum Foundation restructuring has unveiled rifts within the ecosystem. Konstantin Lomashuk, the founder of the Lido staking protocol, has teased his intention to build a “Second Foundation” to advance Ethereum’s ecosystem. Over the past several days, Ethereum co-founder … Read more
An industry-wide debate over crypto institutional adoption and centralized custody risk will trigger a surge of interest in self-custody, OKX’s President Hong Fang said in a recent interview with CoinDesk. While institutional adoption and the increasing popularity of crypto ETFs are a net positive for the industry, there may be a shift in industry narrative … Read more
Grant Cardone is the founder and CEO of Cardone Capital, a firm that manages about $5 billion in real estate. And he just introduced a new fund that invests property-generated cash flow into bitcoin (BTC). “Nobody else has ever done this to scale. Nobody’s ever done this particular model,” Cardone told CoinDesk in an interview. … Read more
Coinbase has petitioned a U.S. appeals court to rule on whether or not the crypto trading activity on its platform should be subject to securities laws. In a Tuesday court filing, lawyers for Coinbase urged the Second Circuit Court of Appeals to hear its case, arguing that it “presents the single best opportunity to decide … Read more
It’s Thursday, Jan. 16 and sports betting influencer Liam (@bets_liam) has just reviewed the latest “NFL Divisional Round Bets” from The Favorites Podcast, an NFL sports betting show with 70,000+ subscribers. Liam takes to X and tweets his reactions: The twist? He’s an AI agent powered by Memetica.ai, a no code AI agent consumer platform … Read more
The election of Donald Trump promises a new era for digital assets characterized by greater regulatory certainty and a surge in market activity. The question now is whether this shift is sustainable, or a temporary reaction to the political climate. According to CCData’s latest Exchange Review report, aggregated spot and derivatives volumes, the most common … Read more
Tax. The word may make you cringe, but it’s also one you probably don’t want to ignore. Bitcoin (BTC) hit $100,000 for the first time in December 2024, and while you’ve probably had your fair share of “I told you so” moments with the crypto skeptics over the holidays, now is the time to make … Read more
Kingdom Holding, the investment firm of Saudi Arabian Prince Alwaleed Bin Talal, won’t invest in cryptocurrency in the near future because it has not been adopted as a payment method for goods and services, CEO Talal Ibrahim al-Maiman said, Reuters reported. The prince, a senior member of the Saudi royal family is known for his … Read more
For crypto to mature fully, regulated derivatives are non-negotiable. Derivatives already comprise 70-75% of crypto transaction volumes, with institutional players leading the charge. While there is a growing number of regulated offerings, the majority of the volume – about 95% – happens in “offshore” venues, meaning in unregulated or lightly regulated jurisdictions. This exposes investors … 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 3956.13, down 0.5% (-21.14) since 4 p.m. ET on Tuesday. Three of 20 assets are trading higher. Leaders: SOL (+2.8%) and XRP (+0.2%). Laggards: ICP (-5.6%) and HBAR (-4.9%). … Read more
The developers of USDh, a stablecoin built on Bitcoin layer 2 Stacks, have completed a deal to bring around $3 million in liquidity to the token. Decentralized finance (DeFi) protocol Hermetica has secured the liquidity, which it says will make it the largest stablecoin on Stacks, through collaboration with Bitcoin lending protocol Zest. The two … Read more