CoinDesk

XRP is taking a bull breather a day after Donald Trump sounded plans for a strategic token reserve alongside bitcoin (BTC), ether (ETH), cardano (ADA) and solana (SOL). The payments-focused cryptocurrency rallied 25% within hours of Trump’s Truth Social post, reaching $3, but has since pulled back to $2.6 at press time. Prices have pulled … Read more

Metaplanet (3350) purchased 156 BTC for $13.4 million at $85,590 per bitcoin. As a result, Metaplanet has achieved a BTC yield of 31.8% year-to-date. As of March 3, Metaplanet now holds 2,391 BTC, for a total amount of $196.3 million, at an average price of $82,100 per bitcoin. Also, according to Simon Gerovich, CEO of … Read more

Bitcoin’s (BTC) spot price rose 9.5% from roughly $84,100 to over $94,000 on Sunday after President Donald Trump named BTC and four other coins – ETH, XRP, SOL and ADA – for U.S. strategic crypto reserve. That has led to a gap-up opening for the March futures listed on the CME, as shown by data … Read more

Bearish bets on major tokens lost nearly $600 million on Sunday as traders were caught offside following President Donald Trump’s announcement of a U.S. strategic reserve for several tokens. Sundays are typically marked with relatively lower liquidity, making for unusually high price jumps as it takes comparatively less money to move assets. Cardano’s ADA was … Read more

U.S. President Donald Trump’s intentions of establishing a national strategic reserve of solana (SOL), cardano (ADA) and XRP sent the assets rocketing as much as 60% on Sunday. Still, traders express caution until plans are more concrete. “The current upward momentum might see a correction in the short term, as investors price in the crypto … Read more

Bitcoin (BTC) and the broader crypto market have seen a notable bullish turnaround in the past 24 hours, fueled by President Donald Trump’s announcement of the five tokens he expects to include in the long-promised strategic crypto reserve. That has revived investor interest in the Deribit-listed call options or bullish bets at the $100,000 level, … Read more

U.S. President Donald Trump on Sunday said that bitcoin (BTC), ether (ETH), XRP, solana (SOL) and cardano (ADA) could comprise the promised strategic crypto reserve, sparking a sharp rally in these tokens’ prices. The spot-led rally saw these tokens trade at a substantial premium on the Nasdaq-listed Coinbase exchange, a proxy for the U.S. demand, … Read more

A weekend Truth Social post from President Donald Trump set in motion the first steps in creating a strategic U.S. bitcoin (BTC) reserve, but Polymarket traders are skeptical that it will happen within the first 100 days. As of press time, Polymarket bettors are giving a 23% chance that a strategic BTC reserve will be … Read more

Bitcoin (BTC) has surged 7% in the past hour, crossing $92,000 after Donald Trump announced a crypto strategic reserve. The price is now up 15% from recent lows of $78,000. Data indicates this rally is driven by spot demand rather than speculation, signaling a healthy, organic move. Spot Cumulative Volume Delta (CVD) shows buyers as … Read more

Bitcoin’s (BTC) price surged past $91,000 on Sunday after U.S. President Donald Trump announced crypto strategic reserves for the world’s biggest economy. In his initial announcement, Trump announced XRP, Solana (SOL), and Cardano (ADA) as cryptocurrencies to be included in the reserve and later said BTC and ether (ETH) would also be part of it. … Read more

U.S. President Donald Trump named XRP, Solana (SOL) and Cardano (ADA) as three assets to be contained in a strategic crypto reserve on Sunday, providing the first details about what this reserve may look like. Not included were Bitcoin (BTC) or Ethereum (ETH), the two largest digital assets by market capitalization. Trump made the announcement … Read more

The Ethereum Foundation (EF), the non-profit organization that supports the development and research of the Ethereum blockchain, shared in a blog post on Saturday that they have selected Hsiao-Wei Wang and Tomasz Stańczak as their new co-executive directors. The news follows Tuesday’s announcement of Aya Miyaguchi leaving that role to become the EF’s new president. … Read more

Roger Ver, an early bitcoin (BTC) investor who was once known as “Bitcoin Jesus” for his support of the cryptocurrency, was indicted for alleged tax fraud last year and could be sentenced to life in prison. Now, many industry veterans are coming to his support, including Ethereum co-founder Vitalik Buterin, who called the potential sentence … Read more

Swiss National Bank (SNB) President Martin Schlegel has rejected the idea of holding bitcoin as part of Switzerland’s central bank reserves, citing a lack of stability, liquidity, and security, according to local media. Speaking to the Tamedia group, Schlegel cited three primary concerns surrounding cryptocurrencies. The first one is their volatility, which he said makes … Read more

Spot bitcoin exchange-traded funds (ETFs) in the U.S. saw $94.3 million of total inflows on the last day of February as crypto’s worst month in three years came to an end. The figure capped an eight-day streak of outflow during which investors pulled over $3.2 billion from these funds as digital asset prices fell. BlackRock’s … Read more

The cryptocurrency market is showing initial signs of recovery from its worst month in three years after the price of bitcoin (BTC) plunged to $78,000 in a week that saw the space’s total market capitalization drop by over $400 billion. The dip in prices saw the Crypto Fear & Greed Index plunge to 10, a … Read more

The U.S. Securities and Exchange Commission has been busy over the past few weeks, hinting at a brighter future for crypto companies. PS: I’ll be in San Francisco next week for the American Banker Payment Forum. Say hello. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click … Read more

U.S. President Donald Trump will host a crypto summit on March 7, the White House announced. White House Crypto and AI Czar David Sacks and Bo Hines, the executive director of a working group on digital assets, will run the meeting, though Trump will speak at the summit, a late Friday press release said. “Attendees … Read more

A federal judge has dismissed the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Richard Heart, the founder of HEX, PulseChain and PulseX, ruling that the agency lacked jurisdiction because the project did not specifically target U.S. investors. “The relevant online communications described in the Complaint during the offer periods consist of untargeted, globally available information,” … Read more

DTTM Operations, a company that manages U.S. President Donald Trump’s IP rights, filed a trademark with the U.S. Patent and Trademark Office (USPTO) which might hint at potential non-fungible tokens (NFTs) and metaverse platform. The document lists various products related to blockchain-based goods and services, including accessing NFTs, managing cryptocurrency transactions, virtual reality software and … Read more

Bitcoin (BTC) took the spotlight from the rest of the crypto market in 2024, but the Trump administration is quickly changing the rules of the game and a rotation into other assets could end up happening, according to crypto data firm Kaiko Research In fact, the decentralized finance (DeFi) sector isn’t looking too bad, Kaiko … Read more

Two big themes dominated the crypto news this week: sagging asset prices and the official end of the SEC’s enforcement “mania.” On the former: Bitcoin, which rose steadily from about $70,000 following November’s election, fell precipitously. In early-hours Feb. 28, the price had dipped below $80,000. CoinDesk’s Market Index, which tracks the broader digital assets … Read more

BlackRock has added the iShares Bitcoin Trust (IBIT), the fund issued by the asset manager that holds bitcoin (BTC), to one of its model portfolios. These models suggest portfolios and rebalances which are then followed by advisors and platforms who can also request adjustments to the models based on their investment needs. BlackRock added a … Read more

The price of bitcoin (BTC) in U.S. Friday morning trade has bounced back to about $84,000 after an overnight plunge to the $78,000 area, but still remains lower by more than 15% from its level of only one week ago. The Crypto Fear & Greed Index overnight dipped to 10 — a level not seen … Read more

Bitdeer Technologies (BTDR) said it bought 50 bitcoin (BTC), taking the opportunity to build its stash as the price of the largest cryptocurrency looked set for its worst month since June 2022. In a tweet, the bitcoin mining company said it paid an average of $81,475 per bitcoin. This purchase takes Bitdeer’s total bitcoin treasury … Read more

In January, following Donald Trump’s inauguration, reports emerged claiming that his son, Eric Trump, had confirmed that U.S.-based cryptocurrencies would eventually be exempt from capital gains tax, while non-U.S. based cryptocurrencies would face a 30% tax. The elimination of capital gains taxes on U.S.-based cryptocurrencies might sound like a dream come true for American investors, … Read more

CME Group, the world’s largest derivatives marketplace, plans to introduce Solana (SOL) futures on March 17, expanding its suite of cryptocurrency derivatives, it said in a press release on Friday. The new contracts, pending regulatory review, will allow traders to manage SOL price risk with two contract sizes: 25 SOL and 500 SOL. “With the … 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 2612.03, down 3.2% (-86.41) since 4 p.m. ET on Thursday. One of 20 assets are trading higher. Leaders: SOL (+1.4%) and APT (-0.5%). Laggards: UNI (-7.1%) and AAVE (-7.0%). … Read more

Boerse Stuttgart, one of Germany’s top stock exchanges, has announced a partnership with DekaBank to bring cryptocurrency trading to the German investment bank’s institutional clients. The partnership allows DekaBank, a financial giant with over 411 billion euros ($427 billion), to integrate crypto into its offerings using Boerse Stuttgart Digital’s regulated brokerage infrastructure. “Partnering with DekaBank … Read more

By Omkar Godbole (All times ET unless indicated otherwise) It’s the dip that keeps on dipping. Bitcoin took another hit early Friday, falling below $80,000 and taking February’s decline to over 20%. That spurred a bloodbath in the broader crypto market, with ether sliding below $2,100, a level it managed to hold since August. It’s … Read more