CoinDesk

Bitcoin (BTC) is on track for its worst month in three years, falling 22% as President Donald Trump’s tariffs on major U.S. trading partners raise concerns of faster inflation, reduced chance of interest-rate cuts and lowered appetite for risky investments. The last time the largest cryptocurrency fell as much as June 2022, when it fell … Read more

Remember the last time you went on vacation? After locking the door and heading toward your car, you likely turned back abruptly to ensure the lock was secure before continuing your journey. Financial markets, led by a range of human emotions, exhibit similar behaviors. After a convincing move beyond a long-held resistance, assets typically return … Read more

XRP and dogecoin (DOGE) plunged over 10% to lead losses among crypto major as confirmation of fresh U.S. tariffs on China hit Asian markets on Friday, adding to an already tumultuous week for cryptocurrencies. Bitcoin (BTC) dropped 7% to near $79,000 for the first time since November, down nearly 30% since its January peak of … Read more

MetaMask, the popular self-custodial crypto wallet for the Ethereum (ETH) network, shared a flurry of announcements on Thursday, aimed at improving its wallet’s user experience. Part of Metamask’s revamped roadmap includes adding smart contract capabilities to its current wallet. At the moment, MetaMask is an Externally Owned Account (EOA), a type of wallet that is … Read more

For decades, your investment portfolio has revolved around a key academic idea that hasn’t held up very well: efficient markets. There’s a direct line from the efficient markets theory of Eugene Fama in the 1960s to modern portfolio theory. It paved the way for index funds, a strategy that has not only weathered market cycles … Read more

A group of big-name crypto and blockchain firms have joined forces to deliver open artificial intelligence (AI) services using combined infrastructure. The Open Agents Alliance (OAA) consists of NEAR AI, the payments and AI arms of crypto exchange Coinbase and an array of other blockchain and AI projects. The aim of the alliance is to … Read more

The U.S. Securities and Exchange Commission (SEC) is officially washing its hands of memecoins. The federal securities regulator said that memecoins — which it defined as a “type of crypto asset inspired by internet memes, characters, current events or trends for which the promoter seeks to attract an enthusiastic online community to purchase the memecoin … Read more

Blockchain and Crypto have a complicated status in China: Beijing says no to crypto but yes to blockchain. It bans trading yet builds infrastructure. Now, with Hong Kong offering regulated crypto markets, insiders say a loophole is emerging. If China already allows investors to buy U.S. stocks through its Qualified Domestic Institutional Investor (QDII) program, … Read more

Every successful crypto conference needs a Hackathon to showcase the ideas and projects that will usher in the next wave of Web3 ideas. Consensus Hong Kong—sponsored by EasyA, the start-up for developers—did just that and brought in hundreds of competitors to highlight the projects that look to take the industry to the next level. EasyA’s … Read more

Coinbase has been freed from its protracted legal battle with the U.S. Securities and Exchange Commission as the agency agreed to drop the case that’s been among the industry’s core fights in federal court. Though the SEC’s intention to agree to shut down the legal dispute had already gone public when the U.S. crypto exchange … Read more

A lot of attention is paid to the decentralization of the Bitcoin network. Bitcoin miners should set up shop in a number of different jurisdictions in order to prevent any kind of regulatory capture of the network, so the thinking goes. Some members of the crypto community even saw China’s 2021 crypto ban as a … Read more

The January bursting of a massive speculative bubble in memecoins by itself seemed good enough reason for the general crypto market selloff of the past several weeks. The declines sped up in a big way this week, though, in part thanks to growing risk-off sentiment in the previously perky stock market. Down more than 2% … Read more

This year’s rapid surge in U.S. states’ interest to put public money into cryptocurrencies before the federal government can establish a strategic reserve of digital assets has encountered mixed results after five such efforts flamed out, though Utah remains a single vote away from the finish line and Texas reportedly advanced a bill to its … Read more

BitMEX, the cryptocurrency exchange and derivatives trading platform co-founded in 2014 by Arthur Hayes, is looking for a buyer, according to two people with knowledge of the plans. The storied exchange, which arguably made perpetual futures the most popular product among leverage-hungry crypto traders, appointed boutique investment bank Broadhaven Capital Partners late last year to … Read more

The U.S. Securities and Exchange Commission (SEC) is dropping yet another case against an American crypto company, as the regulator continues its strategic retreat from the so-called “regulation by enforcement” approach to crypto regulation it took under the leadership of former Chairman Gary Gensler. Joe Lubin, CEO of Brooklyn-based crypto software company ConsenSys, said in … Read more

Blackbird, the restaurant loyalty platform founded by Resy and Eater co-founder Ben Leventhal, shared Thursday that its Flynet mainnet is live, bringing restaurant payments on-chain. Flynet is a layer-3 blockchain based on top of Coinbase’s Base chain. Base, a layer-2 network, allows users to transact on top of Ethereum for faster and cheaper. The team … Read more

What if artificial intelligence (AI) agents could hire other AI agents to help them with their work? That’s essentially the idea behind Mech Marketplace, a decentralized platform from crypto-AI firm Olas that enables easy collaboration between various AI agents on an autonomous basis. “We’re not at a point where AI agents can do everything,” David … Read more

Crypto crime was rife in 2024 despite it being a landmark year for institutional adoption. A report by blockchain security firm Chainalysis reveals that $40 billion was received by illicit addresses. The $40 billion is an estimate that will rise throughout 2025 as more details around historical crimes emerge. The illicit crypto in question can … Read more

WASHINGTON, D.C. — Within hours of the announcement that he’d started as the crypto counselor for Treasury Secretary Scott Bessent, former Galaxy Digital lawyer Tyler Williams was addressing a private digital assets event in Washington, D.C., telling the crowd that helping Congress get stablecoin legislation across the goal line is a worthy opening effort. “Be … Read more

Recent security breaches have rocked the crypto space, highlighting the fact that security will continue to need to be a key focus for providers. In today’s issue, Marcin Kaźmierczak from Redstone Oracles breaks down why 2025 will be a critical year for DeFi and on-chain finance. Then, Kevin Tam looks at the institutional adoption of … Read more

What was shaping up to be a strong opening for U.S. stocks is less so after President Trump clarified his latest thoughts on tariffs. In a post on his Truth Social complaining about the influx of drugs from both north and south of the U.S. border, the president said tariffs will begin against Mexico and … 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 2795.83, up 3.2% (+86.05) since 4 p.m. ET on Wednesday. All 20 assets are trading higher. Leaders: AVAX (+8.2%) and DOT (+8.1%). Laggards: Laggards: SOL (-5.6%) and UNI (-4.3%). … Read more

Digital-asset insurance broker Native said it arranged $25 million of blockchain-based cover against hacks for Team Rizzo, an operator of machine-learning businesses and staking validator services on Bittensor, the popular cryptocurrency-driven AI network. The London-based company acted as a broker and also an underwriter using its own syndicate and capital pool on Nexus Mutual, a … Read more

Raise, a PayPal-backed company specializing in digital gift cards and loyalty programs, has raised a $63 million round led by Haun Ventures. The round brings Raise’s total funding to over $220 million. Other participants included Amber Group, Anagram, and GSR, among others, according to a press release. The Chicago-based company is set to use the … Read more

Bitcoin (BTC) has dropped 10% to $86,300 this week, diving out of a prolonged period of trading between $90,000 and $110,000. The so-called bearish range breakdown has traders closely examining charts for clues about where the sell-off may drive prices next. One of the key levels under scrutiny is the “runaway gap” in CME bitcoin … Read more

Institutional crypto storage firm BDACS said on Wednesday it will use Ripple Custody, a storage service by payments firm Ripple, for securing institutional holdings of XRP and dollar-pegged stablecoin RLUSD. The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption, and tap into South Korean port city Busan’s blockchain-friendly economic zone. Ripple Custody provides software … Read more

By James Van Straten (All times ET unless indicated otherwise) Two contradictory philosophies jump to mind when considering bitcoin’s (BTC) price action of late. Do you “buy when there is blood in the streets”? Or perhaps “don’t catch a falling knife.”? Which applies in today’s market, the day after the largest cryptocurrency posted its steepest … Read more

Pakistan has said it will set up a national crypto council to develop legislation for the sector, following a meeting with President Donald Trump’s digital asset advisors, according to a report by local news site Dawn. The council would be a dedicated advisory body that consists of government representatives, regulatory authorities and industry experts. It … Read more

The Federal Bureau of Investigation (FBI) asked for crypto industry help in tracking and blocking transactions intended to launder the $1.5 billion stolen from Bybit by North Korean hackers. The FBI published a list of Ethereum addresses that are holding or have held assets from the theft in a public service announcement on Wednesday. The … Read more

Metaplanet Inc (3350) is seeking to raise another 2 billion Yen ($13.3 million) by selling additional ordinary bonds with a 0% interest. The funds will be used to buy more bitcoin (BTC), aligning with the company’s strategic investment plan. The bond issuance is exclusively allocated to Evo Fund, with redemption scheduled for Aug. 26. The … Read more