Crypto ecosystem growth slowed in January, with total trading volume dropping 24%, Wall Street bank JPMorgan (JPM) said in a research report Tuesday citing TradingView data. Still, the activity is double the level before the U.S. election in November and the total market cap increased 8% to roughly $3.4 trillion, the report said. The market … 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 3237.73, up 0.8% (+26.27) since 4 p.m. ET on Monday. Fifteen of 20 assets are trading higher. Leaders: ADA (+13.6%) and LTC (+6.5%). Laggards: APT (-3.5%) and AAVE (-1.1%). … Read more
Uniswap Labs, the primary developer behind one of the largest decentralized exchanges (DEX), Uniswap, shared Tuesday that its long-awaited layer-2 network, Unichain, is now live. Powered by Optimism’s OP stack, Unichain—like other layer-2s on Ethereum—offers faster and cheaper transactions compared to Ethereum’s mainnet. Developers can deploy apps onto the network, which has been optimized specifically … Read more
A new investment vehicle, the KvarnPortugal Fund, is set to allow investors a way to gain exposure to the cryptocurrency sector while also presenting a potential pathway to Portuguese residency or citizenship. The fund is the result of a partnership between Fundbox, a Portuguese fund management company, and Kvarn X, aEuropean cryptocurrency investment platform. The … Read more
Layer-1 blockchain TON said it is linking up with interoperability protocol LayerZero to allow users to move funds between multiple ecosystems in a relationship that will generate increased usage and fees for both parties. TON will initially be connected to 12 blockchains including Ethereum, Tron and Solana. Users will be able to transfer stablecoins to … Read more
KULR Technology Group (KULR) has expanded its bitcoin (BTC) holdings to 610.3 BTC. The firm increased its total bitcoin stash to approximately $60 million after buying an additional $10 million worth at an average price of $103,905 per bitcoin, according to the announcement. This move aligns with the company’s bitcoin treasury strategy, announced in December … Read more
The U.S. Securities and Exchange Commission (SEC), Binance and its former CEO Changpeng Zhao (CZ) filed a motion to stay their case for 60 days – to make way for an early resolution and to save resources according to a court filing by a U.S. court on Monday. The ongoing case started in 2023. The … Read more
A spokesperson for Invest Hong Kong, the territory’s government agency that facilitates foreign investments, has confirmed that crypto including ether (ETH) and bitcoin (BTC) can be used as proof of assets when applying for its New Capital Investment Entrant Scheme visa. The visa requires applicants to must prove ownership of net assets worth at least … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Cardano’s ADA is trading higher, buoyed by Grayscale’s recent spot ETF application, while bitcoin (BTC) remains rangebound in a lackluster crypto market as we gear up for Federal Reserve Chair Jerome Powell’s testimony to Congress. Powell takes the stage on Capitol Hill later Tuesday for his … Read more
Solana is on track to extend its four-month run over Ethereum and other smart-contract blockchains in decentralized-exchange (DEX) volume even as the rangebound crypto market struggles to capture trader enthusiasm. Solana-based DEXs have posted total trading volume of just over $60 million this month, nearly double the $34 million on Ethereum, the biggest smart-contract blockchain, … Read more
More than $500 million was lost to memecoin rug pulls and scams in 2024, according to a report by crypto intelligence platform Merkle Science. The most prolific scams involved social engineering, which is a technique that relies on impersonation and manipulation to gain access to someone’s personal data – often in this case celebrities or … Read more
Non-fungible token (NFT) platform OpenSea denied reports that users claiming a potential airdrop will be forced to complete detailed identification, or know-your-customer (KYC), checks. “This is all completely false,” OpenSea CEO Devin Finzer wrote on X in response to a post that referred to the terms and conditions on the OpenSea Foundation website. The terms … Read more
WazirX hack victims will receive 85% of their portfolio value as recorded on Jul.18 as the exchange completed its asset rebalancing on Tuesday, with the first round of distributions slated in April. As of Tuesday, users can see both the U.S. dollar and Indian rupee values of assets that were lost in a $230 million … Read more
Ether (ETH) has underperformed year-to-date, declining over 20%, but fundamentals are improving and total value locked (TVL) on the Ethereum blockchain has risen dramatically, Wall Street bank Citi (C) said in a research report Monday. “While user activity has been volatile in recent weeks, the fundamental backdrop is not all that murky,” analysts led by … Read more
Hedge funds hold record short positions in ether (ETH) futures trading on the Chicago Mercantile Exchange (CME), raising questions about the motivations behind these positions. At first glance, the data could suggest that sophisticated market players anticipate price slides, as discussed on social media. However, this isn’t entirely accurate; carry trades or arbitrage plays primarily … Read more
Odds of a litecoin (LTC) exchange-traded fund (ETF) going live in the coming months jumped to over 90% with dogecoin (DOGE) next at 75% odds, well-followed ETF analyst James Seyffart said in an X post late Monday. Seyffart made similar predictions for bitcoin (BTC) ETFs before the products went live in 2024. Several providers have … Read more
Cardano’s ADA token surged 11%, outperforming bitcoin (BTC) and ether (ETH), after Grayscale Investments applied for the first-ever spot ADA exchange-traded fund (ETF) in the U.S. ADA jumped to 80 cents, with the move starting late Wednesday, according to CoinDesk data. However, the ninth-largest cryptocurrency by market value, is still down 36% from its December … Read more
Crypto investment firm Grayscale on Monday filed to list a Cardano (ADA) exchange traded fund on the New York Stock Exchange. Grayscale, which last year broke through U.S. regulators’ blockade against the bitcoin ETF, has never previously offered a standalone ADA investment vehicle despite making past moves to do so. But the Trump 2.0 SEC’s … Read more
Klarna Bank AB, a Swedish fintech company popular in Europe, plans to embrace cryptocurrencies on its platform, the firm’s chief executive officer, Sebastian Siemiatkowski announced in a post on X over the weekend. “I give up. Klarna and me will embrace crypto! More to come,” he wrote to his 33,000 followers on the app. Klarna … Read more
The latest state effort to set up the investment of public money into cryptocurrency, a bill introduced on Monday in North Carolina, is backed by the state’s Speaker of the House Destin Hall. The high-profile North Carolina push contemplates putting as much as 10% of its general and highway funds into digital assets, limiting it … Read more
Crypto’s “proof of humanity” sector saw a major merger on Monday with Holonym Foundation acquiring Gitcoin Passport for an undisclosed sum of cash and tokens. The transaction unites two close companies: Holonym was already distributing its tech through Gitcoin Passport, a logbook where 2 million internet users stash proof of personhood for services that need … Read more
The crypto industry can likely look forward to two more agencies falling into line on its digital assets policy aims: the Office of the Comptroller of the Currency, which is one of the chief U.S. banking regulators, and the Consumer Financial Protection Bureau, where the lights are effectively being shut off. The sector’s dicey relationship … Read more
Eric Council Jr., the Alabama man charged with hacking the X account of the U.S. Securities and Exchange Commission (SEC) to falsely post the agency had approved bitcoin exchange-traded funds, is set to plead guilty in the case. A “Consent Order of Forfeiture,” filed in D.C. federal court shows Council has agreed to plead guilty … Read more
Crypto regulations are a competitive business in Asia, with places such as Hong Kong and Singapore vying to become Asia’s crypto hub and capture all the business associated with that status. The challenge, though, lies in crafting a rulebook that balances investor protections with a welcomingness to businesses and new capital. And here, Hong Kong … Read more
We’re thrilled to announce the launch of the CoinDesk Mobile App – designed to bring you the latest crypto news, real-time market data, and expert insights, all in one easy-to-use platform. Whether you’re a trader, investor, or blockchain enthusiast, this app will keep you informed and ahead of the game. Why You’ll Love the CoinDesk … Read more
Cryptocurrency exchange Binance’s bitcoin (BTC) reserves dropped by $355 million last month while customer balances grew by more than $4 billion, bringing the two figures more in line with each other, according to recently published exchange reserves data. At the turn of the year Binance, the largest crypto exchange by trading volume, held 622,192 BTC … Read more
President Trump has proposed the Federal government hold digital currencies, and some media and political people have pushed back with dire warnings of the impact on the U.S. dollar. But the reality of Trump’s proposal differs sharply from that painted by Trump’s hysteric critics. BTC is not a threat to the U.S. dollar and U.S. … Read more
A man who says he lost $784 million worth of bitcoin (BTC) in a landfill site is talking to investors about potentially buying the land, the BBC reported on Monday. “I have discussed this option recently with investment partners and it is very much on the table,” James Howells said, according the BBC. Howells said … Read more
For the past century, the U.S. has reigned as the economic superpower of the world. The key to this sustained economic might is a regulatory environment that encourages and enables technological innovation. From semiconductors to personal computers to internet 1.0 and 2.0, U.S. companies have led in developing cutting-edge technologies because our country empowers its … 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 3223.5, up 2.8% (+89.04) since 4 p.m ET on Friday. Nineteen of 20 assets are trading higher. Leaders: LTC (+15.5%) and APT (+9.0%). Laggards: XLM (-3.0%) and ADA (+0.5%). … Read more