CoinDesk

Investment advisers will probably overtake hedge funds as the biggest holders of U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) next year, CF Benchmarks said Monday. A total of 11 spot BTC ETFs debuted in the U.S. on Jan. 11, providing a way for investors to gain exposure to the cryptocurrency without personally having to hold … 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 trading at 3319.53, down 2.9% (-98.37) since 4 p.m. ET last Friday. Three of the 20 assets are trading higher. Leaders: LTC (+2.5%) and UNI (+2.2%). Laggards: APT (-14.8%) and AVAX (-6.0%). … Read more

Avalon Labs, the issuer of the BTC-backed stablecoin USDa, has raised $10 million to grow its Bitcoin decentralized finance (DeFi) ecosystem. The Series A funding round was led by Framework Ventures and included contributions from UXTO Management, Presto Labs and Kenetic Capital, according to an announcement shared with CoinDesk on Monday. Avalon aims to evolve … Read more

Several popular memecoins were added to a number of Chainlink services over the weekend, allowing them to be offered on other networks or as data streaming services. In the past few days, Shiba Inu (SHIB) and its ecosystem tokens, Turbo (TURBO) and Apu (APU), adopted the Chainlink Cross-Chain Token (CCT) standard to become available across … Read more

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR) MicroStrategy (MSTR), the software developer that has made acquiring bitcoin (BTC) a core value, added to its holding for a seventh week in a row. The company bought 5,262 BTC for a total of $561 million in the week ended Dec. 22 to … Read more

XRP dropped 3% in the past 24 hours, leading losses among major tokens as bitcoin (BTC) started the festive week in the red and Japanese bitcoin accumulator Metaplanet (3350) announced its biggest purchase. The Tokyo-listed company said it bought a record 619.70 BTC for 9.5 billion yen ($61 million) in a move that lifted its … Read more

HyperLiquid, a layer-1 blockchain and decentralized exchange for perpetual futures (perps), has experienced a notable outflow of the USDC stablecoin amid speculation North Korean hackers are interacting with the platform, according to a post on X by pseudonymous observer Tay, known for tracking threats posed by to crypto protocols by the country. A record $60 … Read more

Bitwise’s Europe head of research, who has been accurately bullish on bitcoin (BTC) for months, has turned cautious after last week’s 8% dip, warning of deeper losses in the coming weeks. Bitcoin, the leading cryptocurrency by market value, fell 8.8% to nearly $95,000 last week, the biggest percentage drop since August, according to data source … Read more

President-elect Donald Trump announced over the weekend that he is appointing Stephan Miran, a former Treasury official from the first Trump White House, and current economist with Hudson Bay Capital Management, to chair the Council of Economic Advisors (CEA). The CEA’s role is to advise the president on economic issues, including evaluating the effectiveness of … Read more

Solana-based bonk (BONK) led growth among dog-themed memes Saturday as bitcoin staged a recovery rally to above $98,000, a day after Friday’s bloodbath that pushed it near $93,000. BONK surged 30%, CoinGecko data shows, with dogecoin (DOGE), shiba inu (SHIB), dogwifhat (WIF) and floki (FLOKI) surging as much as 20%. The dog-themed token category gained … Read more

YouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether. Rumble will use $250 million of the money to support operations and the remainder to fund a tender offer for up to 70 million shares of its common stock at a price of $7.50, according to a … Read more

There’s been a change of guard at the rankings of the $3.4 billion tokenized Treasuries market. Asset manager Hashnote’s USYC token zoomed over $1.2 billion in market capitalization, growing five-fold in size over the past three months, rwa.xyz data shows. It has toppled the $450 million BUIDL, issued by asset management behemoth BlackRock and tokenization … Read more

Tether, the crypto company behind the $140 billion cryptocrrency USDT, is working on an artificial intelligence (AI) platform and aiming to debut early next year, according an X post by CEO Paolo Ardoino. “Just got the draft of the site for Tether’s AI platform. Coming soon, targeting end Q1 2025,” Ardoino posted on Friday. Tether … Read more

Every few decades, a new technology emerges that changes everything: the personal computer in the 1980s, the internet in the 1990s, the smartphone in the 2000s. And as AI agents ride a wave of excitement into 2025, and the tech world isn’t asking whether AI agents will similarly reshape our lives — it’s asking how … Read more

Crypto Twitter has been overrun by sentient, well informed chatbots which reply at the speed of refreshing your browser and can maintain hundreds of simultaneous conversations without missing a beat. To many, the rise of these on-chain agents is a welcome upgrade from human influencers like BitBoy and GCR, who have mixed track records and … Read more

“Hawk Tuah” girl Hailey Welch said Friday she is “fully cooperating” with lawyers representing people who lost money investing in her crypto token, HAWK, which flopped in early December amid allegations of malfeasance. “I take this situation extremely seriously,” she said in a post on X. The viral TikTok star encouraged victims of HAWK coin … Read more

The blockchain industry is on the brink of a major transformation, and 2025 will be the year everything truly starts to shift. But before we get there, it’s important to understand what’s been holding this technological revolution back. The current, traditional internet works because its infrastructure is scalable and connects users effortlessly, no matter where … Read more

On a balmy evening in 2023 on the east coast of Spain, Olivier Acuña sat at his computer to transfer his life savings to another cryptocurrency wallet, as he had done hundreds of times before. “Sending crypto always induces anxiety,” Acuña told CoinDesk. This rang painfully true that night. As soon as Acuña hit send, … Read more

As 2024 draws to a close, bitcoin (BTC) is underperforming, counter to its historical performance in a year-end “Santa rally.” The largest cryptocurrency generally adds about 2.8% in the 51st week, this week it’s on course to slide 11%. And, while it’s tended to gain 3% in week 52, in five of the past six … Read more

A broad crypto market slide worsened at the start of U.S. trading hours as bitcoin (BTC) neared the $93,000 level, leading to a fallback across all major tokens. Ether, Solana’s SOL, Cardano’s ADA, xrp (XRP) and bnb (BNB) fell as much as 16%, while memecoin dogecoin (DOGE) fell over 27%, data shows. Crypto market capitalization … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Keeping an eye on the Far East has been our mantra lately, and the latest news from the Chinese bond market shows why. Just today, China’s one-year government bond yield dropped below 1% for the first time since the Great Financial Crisis, adding to the year-to-date … Read more

Bitcoin (BTC) is currently trading 13% below its record high of around $108,000, the most since President-elect Donald Trump won the U.S. election in early November. Since then, the largest cryptocurrency has spent several periods at 10% below the record, a level that some investors term a correction. The selling pressure originates with long-term holders … Read more

Digital asset custody firm Copper has withdrawn its application to become registered with the U.K.’s financial services regulator, the Financial Conduct Authority (FCA), the company said in a statement on Friday. The company chaired by former U.K. Chancellor of the Exchequer Philip Hammond said the decision to withdraw was part of the company’s strategic shift, … Read more

The U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETF) registered record outflows Thursday and the CME futures premium dropped into single digits in a sign of weakening short-term demand. Investors ended a 15-day streak of inflows by withdrawing a net $671.9 million from the 11 ETFs, the largest single-day tally since their inception on Jan. 11, … Read more

Losses in bitcoin (BTC) and other crypto majors extended to their third straight day, as risk-off behavior after this week’s FOMC meeting and general profit-taking contributed to heavy market sentiment. BTC dropped 4.2% in the past 24 hours, with Solana’s SOL, ether (ETH) and Cardano’s ADA falling as much as 9%. Dogecoin slid the most … Read more

Bitcoin’s (BTC) post-Fed price drop to $96,000 has activated a crucial contrary indicator that has historically marked the end of price pullbacks. On Wednesday, the Fed cut the benchmark borrowing cost as expected but penciled in only two rate cuts for 2025, down from four projected in September. The central bank stressed that it’s not … Read more

A war for on-chain market dominance may be brewing. The question: What will be the collateral of choice in the decentralized finance (DeFi) economy? As of press time, DeFi protocols across all ecosystems have locked in almost $126 billion in value, according to DeFiLlama data, inching closer every day to their 2021 high of $175 … Read more

Mo Shaikh, co-founder of Aptos Labs, announced that he’s stepping down as CEO of the company. Aptos is a layer-1 blockchain that claims to offer enhanced scalability, security and transaction speeds. The platform leverages a unique blockchain programming language called Move, which was originally created for Facebook’s shuttered “Diem” project. In a lengthy post on … Read more

Over the last few months, AI agents running on crypto rails have captivated the crypto community. Natural memeticists, these agents are becoming social media stars calibrated to thrill, and sometimes enrich, an “audience” of speculators betting on their meme tokens. The original and most famous of them, Truth Terminal, was created by putting instances of … Read more

Crypto asset prices slid on Thursday, building on Wednesday’s market-wide selloff spurred by Federal Reserve Chair Jerome Powell disappointing investors with his comments on U.S. interest rate cut expectations for next year. Bitcoin’s (BTC) attempt to bounce back above $100,000 quickly faded earlier during the day and slid to the low-$97,000s during the U.S. day. … Read more