Japanese messaging app giant Line plans to give its 196 million active users the ability to use decentralized apps (dapps) such as games and utilities. The social network, which is mainly used in Japan, Taiwan, Thailand and Indonesia, will debut with 30 dapps in its portal by the end of January and plans for a … Read more
Bitcoin’s (BTC) bullish momentum has hit a snag this week for <a href=”https://www.coindesk.com/markets/2024/11/26/three-reasons-why-bitcoin-risks-falling-below-90-k-godbole” target=”_blank”>several reasons</a>, including a weaker stateside demand. Now, the Australian dollar-Japanese yen exchange rate or the AUD/JPY pair, the classic risk barometer, has turned south again, signaling caution to risk asset bulls. The Australian dollar (AUD), a commodity currency, is a proxy … Read more
The overwhelming chatter on social media, especially Crypto Twitter is that Ethereum’s ether (ETH) is dead, a narrowly moving token. Still, the market is betting on higher ETH prices as traders pile into derivatives tied to the cryptocurrency alongside a boom in Ethereum’s blob usage. Cumulative open interest in perpetual and standard futures contracts has … Read more
Ripple Labs has <a href=”https://x.com/bgarlinghouse/status/1861418224782581966″ target=”_blank”>kicked in another $25 million</a> to the cryptocurrency industry’s Fairshake political action committee, one of the most aggressive and high-dollar campaign-finance operations in corporate history. The super PAC has made an unprecedented head start on the 2026 election cycle. Between Ripple, crypto exchange Coinbase (COIN) and venture capital firm Andreessen … Read more
U.S. <a href=”https://home.treasury.gov/news/press-releases/jy0916″ target=”_blank”>sanctions</a> against Tornado Cash, a service that anonymizes crypto transactions, must be abandoned, a federal appeals court ruled Tuesday. The decision answers a controversial privacy debate on whether the government — via a sanctions list maintained by the U.S. Treasury Department — has a right to target the technology because it’s associated … Read more
Crypto investing may have allowed lower-income Americans to buy their own homes at a higher rate than the rest of the population, according to a paper released Tuesday by the U.S. Treasury’s Office of Financial Research. The rise in cryptocurrency investment in recent years came with a pronounced uptick in debt — most notably mortgages … Read more
The fall of 2020 was an exciting time for crypto, with bitcoin — after beginning the year around $7,000 and plunging to below $4,000 during the March Covid panic — in the middle of a rollicking bull market and appearing set to push through the $20,000 milestone. Mr. Market had a different idea though and … Read more
Pantera Capital Management’s Bitcoin Fund just hit a milestone: a 1,000-fold gain in the value of its crypto holdings since launch. Started in 2013 as one of the first investment products exposing customers to crypto, the fund has returned 131,165% after expenses and fees. As noted by founder Dan Morehead on X, the fund saw … Read more
Crypto billionaire Justin Sun, who founded the Tron blockchain, has become an adviser to Donald Trump’s crypto project, World Liberty Financial. The Tuesday announcement comes a day after Sun bought $30 million worth of World Liberty’s WLFI tokens. Sales of WLFI had been sluggish before Sun’s purchase. “Justin’s insights and experience will be instrumental as … Read more
The North African country of Morocco has drafted regulations for the crypto sector, its central bank’s head said Tuesday. Abdellatif Jouahri, governor of Bank Al-Maghrib, did not provide many details about these regulations in a speech. The country previously banned crypto in 2017. “In this regard, Bank Al-Maghrib, with the participation of all stakeholders 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 3150.49, down 5.3% (-175.81) since 4 pm ET on Monday. None of the 20 assets are trading higher. Leaders: BTC (-2.5%) and AVAX (-2.7%). Laggards: XLM (-14.6%) and POL … Read more
Starting next Monday, First Mover Americas will become Crypto Daybook Americas, your new morning briefing on what happened in the crypto markets overnight and what’s expected during the coming day. Publishing at 7 a.m. ET, it will kickstart your morning with comprehensive insights. You won’t want to start your day without it. CoinDesk 20 Index: … Read more
Bitcoin (BTC) has dropped 7.6% since it almost — but not quite — touched the psychological wall of $100,000 on Nov. 22. That’s the biggest drop since Donald Trump won the U.S. presidential election, sparking a rally that sent the largest cryptocurrency by market capitalization soaring from a level of around $66,000 through its record … Read more
Ethereum is witnessing a surge in “blob” usage, an effective data management tool introduced earlier this year, signaling that more users are embracing layer-2 scaling solutions for faster and more affordable transactions. The number of blobs or binary large objects posted to Ethereum has consistently averaged more than 21,000 this month, matching the record activity … Read more
XRP outperformed bitcoin (BTC) and other major tokens in the past 24 hours as regulated crypto broker and custodian Archax unveiled a money market fund on the XRP Ledger, a first for the network, in collaboration with closely related Ripple Labs and Abrdn. Archax has provided access to Abrdn’s U.S. dollar Liquidity Fund (Lux) in … Read more
Bitcoin’s (BTC) much-anticipated breakout above $100,000 remains out of reach, with prices retreating to $94,500 overnight. Key indicators point to further declines, potentially to levels below $90,000. The first indicator is the 25-delta risk reversal, which measures the volatility premium of out-of-the-money calls used to bet on price rallies relative to OTM put options offering … Read more
A bitcoin (BTC)-led crypto market correction continued into its third day as the asset lost a further 3.5% in the past 24 hours, nearing $94,000 a week after it came within touching distance of the landmark $100,000 level for the first time. BTC has pared weekly gains from over 10% to just 3% amid profit-taking … Read more
The U.K.’s financial regulator, the Financial Conduct Authority, said it wants to implement a crypto regime by 2026 in anticipation of growing crypto ownership in the country. A road map released by the FCA, which oversees the industry, said the agency plans to publish discussion papers on market abuse and disclosures by the end of … Read more
Memecoins are the most divisive topic in crypto. By memecoins, I mean tokens that represent an idea and fluctuate in price based on the attention that idea receives. The best meme investors tend to be young people who are very online and attuned to internet culture. Memecoins are commonly juxtaposed with tokens that possess actual … Read more
After a prolonged downtrend relative to bitcoin (BTC), Ethereum’s ether (ETH) is showing signs of a resurgence. ETH, the second-largest cryptocurrency on the market, gained over 4% in the past 24 hours, while BTC lost 1.5% during the same time, dipping below $95,000 during the Monday session. ETH even outperformed the broad-market CoinDesk 20 Index, … Read more
Starknet has become the first major layer-2 blockchain running on top of Ethereum to let users earn money by staking their tokens and validating transactions. The feature is intended to help decentralize the auxiliary network and has been in the works for a while. Starknet’s main developer firm, StarkWare, formally proposed the change to the … Read more
The Donald Trump-backed cryptocurrency platform World Liberty Financial got off to a sluggish start, with investors buying far fewer of its WLFI tokens than the project hoped for. But now, Chinese-born crypto billionaire Justin Sun has just given it a significant boost, buying $30 million worth of WLFI. World Liberty is a decentralized finance (DeFi) … Read more
Avalanche, the eighth-largest blockchain by total value locked (TVL), is moving ahead with a major technical makeover. The Avalanche9000 upgrade went live in a test network environment (testnet) Monday, bringing the changes one step closer to the main network (mainnet), the Avalanche Foundation said. Avalanche9000 will be the largest upgrade that Avalanche has seen. It … Read more
What does the ragtag group including a fitness equipment maker, biopharmaceutical company and producer of battery materials have in common? Bitcoin, of course. As the cryptocurrency skyrockets to unheard-of levels this month, at least 12 publicly traded companies that previously had nothing to do with crypto announced they plan to buy bitcoin (BTC), choosing it … Read more
Kalshi may have tarnished its regulatory halo by slinging mud at a competitor. Late Friday, Pirate Wires, a technology and culture publication owned by Founders Fund marketing executive Mike Solana, published a bombshell of a story. It documented how Kalshi, the U.S.-regulated prediction market, paid social media influencers to disparage crypto-based, offshore rival Polymarket and … Read more
Cryptocurrency transactions are often anonymous, but they’re not private. In fact, they’re quite public. Anyone with the right technical know-how can see every transaction ever made on most publicly accessible blockchains. This radical transparency and traceability has made it easier (contrary to popular belief) for law enforcement to track stolen and laundered cryptocurrency across various … 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 3382.04, up 3.2% (+104.5) since 4 pm ET on Friday. Seventeen of 20 assets are trading higher. Leaders: XLM (+47.7%) and DOT (+37.1%). Laggards: SOL (-2.3%) and BTC (-1.8%). … Read more
Michael Sonnenshein, the former CEO of Grayscale Investments, has joined Aptos Labs as an adviser alongside OpenAI’s chief product officer, Kevin Weil. Aptos Labs, the developer of layer-1 blockchain Aptos, said in an email it will harness Sonnenshein’s knowledge to bring more traditional financial institutions to the network. Weil, who is also a former vice … Read more
Starting next Monday, First Mover Americas will become Crypto Daybook Americas, your new morning briefing on what happened in the crypto markets overnight and what’s expected during the coming day. Publishing at 7 a.m. ET, it will kickstart your morning with comprehensive insights. You won’t want to start your day without it. Latest Prices CoinDesk … Read more
Bitcoin Development Company MicroStrategy (MSTR) added 55,500 of the largest cryptocurrency for $5.4 billion, bringing its holdings to 386.700 BTC worth nearly $38 billion. The company paid an average $97,862 per bitcoin in thjs latest purchase, according to a statement Monday morning, and the buys took place over the six days ended yesterday. Overall, its … Read more