CoinDesk

Data is an essential element of an efficient market. If market efficiency is the degree to which prices reflect all available information, having quality information is crucial. And to get to information, you need data. Traditional financial markets are data-rich and have high levels of standardization and accessibility, giving market participants abundant avenues for analysis. … Read more

The success of bitcoin spot ETFs combined with bitcoin’s price action have driven investors to demand direct access or exposure to crypto from their service providers. Institutional investors and traditional financial services providers now have a responsibility to at the minimum learn about crypto, if not actively look into adoption. The spotlight now is increasingly … Read more

Cloud computing firm CoreWeave has plans to acquire AI developer platform Weights & Biases as it seeks to bolster its infrastructure offerings in the fast-expanding AI sector. The deal, which is expected to close in the first half of 2025, cost CoreWeave $1.7 billion, according to a report by The Information. Weights & Biases, which … Read more

U.S.-based trading app Robinhood (HOOD) listed arbitrum (ARB) on Wednesday, leading to a 12% rise in the layer 2 network’s native token. ARB is currently trading at $0.42 having slumped to an all-time low of $0.35 on Tuesday. Trading volume is also up by 10% to $400 million over the past 24 hours. Total value … Read more

Bitcoin’s struggles in February saw its risk-adjusted returns weakening significantly according to data from research service Ecoinometrics. While over the past year, bitcoin’s total returns have matched those of gold, a traditional safe-haven asset, when adjusting for risk, bitcoin is behaving more like a major stock index. Risk-adjusted returns measure an asset’s profitability relative to … Read more

U.S. President Trump’s announcement last weekend about the formation of a strategic crypto reserve in the U.S. is bullish despite the market’s subsequent reaction, asset manager Bitwise said in a research report Tuesday. Crypto markets soared following the news, but by Monday had given back all these gains. Bitwise noted that investors became disgruntled with … Read more

The Ripple-backed National Cryptocurrency Association (NCA) launched on Wednesday. Describing itself as independent and non-political, the NCA said it aims to provide clear, unbiased information on how digital assets function and their role in finance. It says its aim is to “demystify crypto.” The group was seeded with $50 million in funding from Ripple and … Read more

Just as anabolic steroids are to bodybuilders, fiscal and monetary stimuli have been the lifeline for markets and the economy. Over the decades, nation-states have relied heavily on these fiscal injections to buff up markets and respective economies. Now, to the delight of BTC and risk asset bulls, China, the world’s second-largest economy, and European … Read more

Lisbon-based investment firm FundBox together with trading platform Kvarn X is launching the KvarnPortugal Fund, a first-of-its-kind crypto product based on the CoinDesk 20 index that helps people who invest at least 500,000 euros in the fund easily establish residency there. Here, Jason Dominic, the co-founder of KvarnPortugal, and Anders Bjorkman, an asset manager at … Read more

Chicago-based trading giant Jump is returning its U.S. cryptocurrency operations to full strength after scaling it back over the past couple of years due to regulatory scrutiny and uncertainty. While Jump has maintained its digital assets trading and market-making activity in other parts of the globe, crypto trading volume is now accelerating in the U.S., … 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 2910.89, up 2.0% (+56.54) since 4 p.m. ET on Tuesday. Eighteen of 20 assets are trading higher. Leaders: BCH (+20.8%) and LINK (+8.6%). Laggards: SUI (-0.3%) and XRP (-0.1%). … Read more

Foundation Capital, an early backer in Solana and AI chip maker Cerebras, has raised $600 million for its eleventh flagship fund. The fund is 20% larger than its predecessor $500 million fund, which closed around three years ago. Foundation Capital’s focus is on early-stage investing, which “means being there at day zero,” according to an … Read more

A multi-day ‘extreme fear’ reading in a widely-followed sentiment index could be indicative of bitcoin prices setting a bottom before moving higher in the coming weeks — with a previously similar setup preceding a 200% rise in BTC. The Fear and Greed Index, which measures investor emotions in markets like bitcoin, ranging from 0 (lowest … Read more

By Omkar Godbole (All times ET unless indicated otherwise) The crypto market has stabilized somewhat following comments from Commerce Minister Howard Lutnick, who said President Donald Trump could announce on Wednesday a pathway for tariff relief on Canadian and Mexican imports covered by NAFTA. That has helped BTC bounce to nearly $90K, with the total … Read more

Bitcoin (BTC) open interest (OI) has fallen to its lowest level since August, currently standing at 413,000 BTC ($36 billion), according to Glassnode data. OI represents the total funds allocated in outstanding futures contracts, effectively measuring the amount of leverage in the bitcoin system. Since these contracts are denominated in dollars, their value fluctuates with … Read more

Billions in XRP tokens and thousands of bitcoin were sent to exchanges shortly after U.S. President Donald Trump revealed plans to include the assets as part of a U.S. crypto strategic reserve, one that may have contributed to their rapid price reversals after a surge. Hourly inflows reached up to 193 million XRP after Trump’s … Read more

Animoca Brands’ most recent year-end financial report shows a shift in the company’s focus, with the web3 giant run reporting that its Digital Assets Advisory has edged out its traditional revenue source. The firm’s advisory unit generated $165 million in 2024, a 116% year-over-year increase. According to a release, this division provides web3 projects with … Read more

Technical charts, particularly the shape of candlesticks, often reflect the psychology behind the market, highlighting trader sentiment and behavior. Since Friday, at least two bitcoin (BTC) candles have indicated bullish undercurrents at multi-month lows, providing a glimmer of hope for crypto bulls. The chart below shows that BTC’s price decline has stalled at the 200-day … Read more

Crypto bank Sygnum has expanded its custody platform to include the world’s leading options exchange Deribit. Sygnum and Deribit are now leveraging crypto custodian Fireblocks’ “Off Exchange” service, which allows traders to essentially “mirror” their assets held in custody on a trading platform. This will allow traders to hold their assets in a regulated bank … Read more

At the start of the year, CoinDesk research indicated that the Dollar index (DXY) a measure of the U.S. dollar’s strength against a basket of major trading partners was mirroring its trajectory from Donald Trump’s first term as president. Between September 2024 and January 2025, coinciding with Trump’s re-election, the DXY index climbed from 100 … Read more

Ethereum’s long-awaited Pectra upgrade took a major step forward early Wednesday with its successful deployment on the Sepolia test network. The biggest upgrade to Ethereum since 2024, Pectra consists of 11 major features, or “Ethereum improvement proposals” (EIPs), that will be shipped all at once. Together, the features aim to enhance staking, wallet functionality, and … Read more

Aave DAO, the autonomous organization that supports the lending and borrowing platform, proposed a major plan on Tuesday detailing steps to accrue value for the AAVE token and reward users. AAVE tokens are up 21% in the past 24 hours, beating a 3.5% bump in the broader market tracked by the broader CoinDesk 20 (CD20), … Read more

Brendan Gunn, the brother of Australian breakdancer Raygun, has been charged by the Australian securities regulator for running a crypto-linked fraud scheme. The Australian Securities and Investments Commission (ASIC) charge Gunn with a criminal offence, which carries a maximum three years imprisonment, a fine of $37,800 or both. Raygun, aka Rachael Gunn, is an Australian … Read more

Last week, prices for BlackRock’s spot bitcoin (BTC) exchange-traded fund (ETF) declined over 11%, with volumes reaching the highest since mid-November, according to data source TradingView. Over 331 million shares of the ETF, which trades under the IBIT ticker on Nasdaq, changed hands as the fund’s price dipped below the January support of $50.69, eventually … Read more

There’s a 70% chance that the trade war between Canada and the U.S. will be over by May, according to odds on a Polymarket contract on the topic, as Commerce Secretary Howard Lutnick told Fox Business that U.S. President Donald Trump was open to negotiation. On Tuesday morning, Canada and Mexico faced the implementation of … Read more

Strong support from many Democrats helped win a victory for a U.S. Senate effort to erase a Biden administration crypto tax rule on Tuesday, clearing what may have been the most difficult hurdle toward eliminating the Internal Revenue Service’s new broker rule that was set to include decentralized finance (DeFi). The Senate voted 70-27 to … Read more

Executives from a wide array of crypto companies, including Coinbase, Chainlink and Exodus, will represent the industry Friday at U.S. President Donald Trump’s first White House crypto summit. Coinbase CEO Brian Armstrong, Chainlink Labs co-founder Sergey Nazarov, Exodus CEO J.P. Richardson and Strategy Chairman Michael Saylor have all confirmed their attendance at the event, which … Read more

David Sacks, President Donald Trump’s crypto and artificial intelligence czar, came under fire this week following allegations that he could financially benefit from Trump’s announcement of a U.S. strategic crypto reserve. The initiative, which Trump shared details about on Sunday, would involve the government holding a reserve of digital assets, including Bitcoin (BTC), Ethereum (ETH), … Read more

Led by President Nayib Bukele, El Salvador apparently has no intention of stopping its accumulation of bitcoin (BTC) no matter what the IMF demands. “‘This all stops in April.’ ‘This all stops in June.’ ‘This all stops in December.’ No, it’s not stopping,” Bukele posted on X on Tuesday afternoon. “If it didn’t stop when … Read more

The U.S. Securities and Exchange Commission (SEC) has agreed to drop its enforcement case against Cumberland DRW, the crypto trading arm of Chicago-based trading firm DRW, according to a Tuesday announcement from the company. The SEC sued Cumberland DRW last October, accusing the firm of acting as an unregistered securities dealer and alleging it sold … Read more