As Utah became the first state to get a bill through a legislative chamber that would allow the investment of public money into crypto assets, lawmakers in two other states joined the hunt this week: Kentucky and Maryland. Though broadly identified with the Republican-led charge toward a so-called “bitcoin strategic reserve” at the federal level, … Read more
Crypto investment magnate Barry Silbert is betting big on decentralized AI, calling it “the next big era of crypto” that could be bigger than even bitcoin. In a letter to shareholders of his crypto conglomerate Digital Currency Group, Silbert went long on deAI: the crypto industry’s effort to fuse AI innovations with blockchain tech. He … Read more
We are entering a new epoch where the ability to use and to work with artificial and synthetic intelligence is a human right. Access to intelligence – the prerogative to innovate, work with, and benefit from higher levels of synthetic intelligence – belongs to the people. Building on increasingly inexpensive compute, abundant data, and low-cost, … Read more
Receipts Depositary Corp. (RDC), a start-up founded by a group of former Citigroup executives, is planning to launch XRP-backed securities, according to people familiar with the matter. This will give institutions access to XRP (XRP) securities through U.S. regulated market infrastructure. The company will offer depositary receipts similar to the American depositary receipts (ADRs) that … Read more
What if I told you that the experts are wrong? Over the years several prestigious consulting firms and financial institutions have put out forecasts about the growth of tokenization by the end of the decade. It’s interesting how between all that “expertise,” their ranges vary between $2 trillion (McKinsey) and $16 trillion (BCG). Fourteen trillion … Read more
It was a busy week in crypto featuring important product launches, fevered debate around Ethereum, movement on stablecoin legislation, and high-profile Congressional hearings on “debanking.” David Sacks, the Crypto and AI Czar, held a high-profile press conference with Senate leadership, as Senator Hagerty, of Tennessee, introduced a new stablecoin bill. The proposal, which outlines an … Read more
Caroline Pham, who is running the U.S. Commodity Futures Trading Commission on an acting basis, is pursuing a stablecoin-backed tokenization pilot program, and an upcoming summit will include the heads of Coinbase, Ripple, Circle, Crypto.com and other digital assets firms. Pham had suggested the idea for a so-called regulatory sandbox on tokenization through her advisory … Read more
Ether’s (ETH) price action is mirroring a pattern seen during the early August bottom, hinting at a renewed bull run ahead. Ether has faced a steep decline of 32%, dropping to $2,770 since mid-December and has lagged significantly behind its larger rival, bitcoin (BTC). The volatility reached new heights on Monday when prices plummeted to … 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 3233.37, up 2.6% (+83.05) since 4 p.m. ET on Thursday. All 20 assets are trading higher. Leaders: LTC (+4.9%) and DOT (+4.8%). Laggards: BTC (+1.6%) and ETH (+1.8%). The … Read more
Strategy (MSTR), the company formerly known as MicroStrategy, is an appealing investment for equity investors looking for levered bitcoin (BTC) exposure, investment bank KBW said in a research report Thursday. KBW assumed coverage of Strategy with an outperform rating and a $560 price target. The shares were 1% higher at around $329 in early trading. … Read more
Job growth in the U.S. fell short of expectations in January, however, unemployment came in lower than expected. The U.S. economy added 143,000 jobs in January, the Bureau of Labor Statistics reported on Friday, below forecasts of 170,000 and down from 256,000 in December. The unemployment rate dropped to 4%, compared with an expected 4.1% … Read more
Cardano (ADA) and dogecoin (DOGE) were down 4% in the past 24 hours, leading losses among major tokens as traders await U.S. payrolls before further positioning in the market. Bitcoin (BTC) traded just over $97,300 in European morning hours Friday, down 1.7% in the past 24 hours. The broad-based CoinDesk 20 (CD20), a liquid index … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market remains directionless, with bitcoin (BTC) languishing below $100,000 before the U.S. jobs report. It’s surprising prices have not yet crossed that threshold, especially after President Donald Trump’s son, Eric, encouraged the family-linked WLFI to invest in BTC in a post on X on … Read more
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR). In a recent Schedule 13G filing, BlackRock (BLK) disclosed that it now owns 5% of Strategy (MSTR), equivalent to approximately 11.2 million shares. This marks a 0.91% increase from its previous 4.09% ownership as of September 30, 2024, according to Yahoo Finance. A … Read more
One bitcoin (BTC) holder metric is pointing to price growth in the months ahead even as activity on the blockchain falls to its lowest in a year, a CryptoQuant analysis noted this week. The firm’s Bitcoin Network Activity Index has been down 15% since November 2024’s record high and stands at 3,760 as of Friday … Read more
Consensys, the Ethereum software developer best known for its MetaMask wallet, has twice been hit by U.S. authorities’ attempts to exclude it from the financial system, despite the best efforts of its bank the second time around, founder and CEO Joe Lubin said in an interview. The company survived what’s known as Operation Chokepoint 2.0 … Read more
Riot Platforms (RIOT) mined 527 Bitcoin (BTC) in January, marking its highest monthly production since December 2023 and reflecting a 2% increase from the previous month, according to Farside data. However, the broader bitcoin mining sector reported underwhelming production figures, with most major mining firms experiencing month-over-month declines. MARA Holdings (MARA) mined 750 BTC in … Read more
Ether (ETH) has underperformed other cryptocurrencies in recent months as the Ethereum blockchain has faced “intense” competition from other networks, Wall Street bank JPMorgan (JPM) said in a research report on Wednesday. The token lacks a compelling narrative like that of its larger peer bitcoin (BTC, the bank said, adding that bitcoin benefits from its … Read more
Alexey Pertsev, the Tornado Cash developer found guilty of money laundering in 2024, is set to be released from prison on Friday to prepare for his appeal, he said in a post on X. The 31-year old Russian national was sentenced to 64 months in a Dutch prison last May after an indictment said Pertsev … Read more
Bitcoin (BTC) continues to dawdle, failing to capture trader enthusiasm amid chatter about prices being overvalued, while gold remains strong ahead of the release of the U.S. jobs report, which will influence the Fed’s rate plans. Recent analysis from CryptoQuant indicates that bitcoin’s fair value lies between $48,000 and $95,000, highlighting that it appears overvalued … Read more
Investment firm VanEck predicts Solana’s SOL will touch $520 by the end of 2025 as the demand for smart contract platforms (SCP) grows and M2 money supply increases in the coming months. M2 money supply measures how much money is circulating in the U.S. economy, which tends to influence the crypto market. M2 money supply … Read more
The U.S. Securities and Exchange Commission took the first step toward allowing new crypto exchange-traded funds (ETFs) tracking the price of assets like Litecoin and Solana, as well as new ways of redeeming funds from existing crypto ETFs on Thursday, while companies took another step toward launching XRP ETFs in a further sign of the … Read more
Donald Trump Jr. believes crypto to be the future of American dominance, he said in a conversation at the Ondo Summit in New York City on Thursday. “I think it’s perhaps the future of American hegemony, in terms of our economic status, our economic might,” Trump Jr. said. The son of the U.S. president made … Read more
The chief lawyer of U.S. crypto exchange Coinbase (COIN) testified about the abuse of authority from regulators who erected barriers between banks and crypto firms in a hearing of the House Financial Services Committee on Thursday, marking the latest advance in the digital assets industry’s reversal of policy resistance in Washington. Coinbase Chief Legal Officer … Read more
The Ethereum ecosystem stands at a pivotal moment. Over the past four years, scaling challenges have been addressed through Layer-2 (L2) solutions, rollups, and technological breakthroughs, expanding from processing 15 transactions per second to thousands, with costs dropping from $50 per swap to mere cents. The rollup-centric roadmap worked – it worked almost too well. … Read more
Ethereum developers have officially set test dates for Pectra, the network’s first upgrade in 11 months, putting it on track for a potential April release date. Pectra will contain an array of improvements — with a special focus on wallets and validators — but it comes at a period of heightened scrutiny for Ethereum, which … Read more
Czech President Petr Pavel signed a bill on Thursday exempting crypto users from paying taxes on long term gains, a spokesperson from the country’s Ministry of Finance told CoinDesk on Thursday. “The principle is if cryptoassets are held for more than three years, their sale will not be taxed, or transactions up to CZK 100,000 … Read more
Crypto Twitter may sometimes seem like a raging brawl, but come Feb. 20, there will be some actual live combat between crypto influencers at Consensus Hong Kong 2025. The conference will play host that evening to the eighth edition of Crypto Fight Night (CFN), an industry sporting and networking event that’s become hugely popular since … Read more
A wallet identified as belonging to World Liberty Financial, the decentralized finance (DeFi) platform backed by President Donald Trump and his family, has deepened its investment in Ondo Finance, the second-largest issuer of tokenized Treasuries. The address scooped up about 342,000 ONDO, the platform’s governance token, for $470,000 USDC on the CoW Protocol, according to … Read more
Crypto exchange Bybit completed registration with India’s Financial Intelligence Unit (FIU-IND) after agreeing to pay a 92.7 million-rupee ($1 million) fine for operating in the country without authorization. The Dubai-based company said in January it would temporarily halt its services to Indian users while it pursued the regulation process. “As part of this process, Bybit … Read more