A fresh round of tariffs by U.S. president Donald Trump and lack of short term catalysts is inciting caution from market watchers, who believe Ethereum’s ether (ETH) may be particularly affected. Trump on Sunday said he will introduce 25% tariffs on all steel and aluminium imports into the US, on top of existing duties, with … Read more
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR). Strategy (MSTR) increased its bitcoin (BTC) holdings to 478,740 BTC after last week’s pause with the purchase of $742.4 million worth of the largest cryptocurrency The Tysons Corner, Virginia company formerly known as MicroStrategy bought 7,633 BTC in the week ended Feb. 9, … Read more
Ripple on Monday partnered with Portuguese currency exchange provider Unicâmbio to support instant international payments between Portugal and Brazil using its payments platforms, which uses “digital assets” for faster and cheaper cross-border settlements. Unicâmbio’s corporate customers can move funds and settle payments in minutes using the service, which Ripple said was its first foray into … Read more
Bitcoin (BTC) difficulty hit an all-time high of 114.7 trillion (T) following a 5.6% upward adjustment over the weekend, according to CoinWarz. This coincides with the Hash Ribbon metric signaling a miner capitulation. Hash Ribbon, is a market indicator, which hints at a local bottom for bitcoin (BTC) and often forms when miners capitulate — … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Despite the increasing rhetoric surrounding President Donald Trump’s tariffs, bitcoin (BTC) is holding steady alongside positive cues from foreign exchange risk barometers like AUD/JPY. Later today, Trump is due to impose 25% tariffs on steel and aluminum imports on top of additional metal duties. This market … Read more
U.S. endowment funds are increasing their exposure to crypto as the digital assets soar to new highs, The Financial Times reported on Sunday. Franklin Bi, a general partner at Pantera Capital, noted that there had been a “huge shift” in interest in digital assets from endowments and foundations that just five years ago had reported … Read more
A member of layer 2 scaling solution Base has refuted rumors that its sequencer Coinbase has been selling ether (ETH). “Coinbase has accumulated $300M+ in ETH, which is more than 2x all of Base’s ETH earnings over time,” Base member Kabir.base.eth said on X Sunday. “Base and Coinbase have and continue to hold ETH and … Read more
Metaplanet (3350) announced full-year 2024 financial results and is now sitting on an unrealized gain of approximately $36 million (5.46 billion yen) on a total of 1,761 BTC, acquired for $137 million. The bitcoin investor said it increased its shareholder base by 500% to 50,000 in 2024. Metaplanet has several ways of increasing bitcoin holdings … Read more
Bitcoin (BTC) and crypto markets are still recovering from last week’s bloodbath, but it appears that the memecoin fever is alive and well as three big tokens were issued over the weekend. BNB Chain-based TST token, issued as a memecoin by the blockchain’s community following a tutorial video on how to issue tokens, zoomed to … Read more
A momentum indicator that presaged bitcoin’s (BTC) post-election price surge has now turned negative, coinciding with President Donald Trump’s tariff rhetoric, which threatens to destabilize markets. Still, there’s no need to panic just yet. That indicator is the moving average convergence divergence (MACD) histogram, which is used to gauge trend strength and changes. It’s calculated … Read more
Polymarket bettors have put $1.1 billion in volume on the outcome of the Superbowl, which saw the Philadelphia Eagles beat out the Kansas City Chiefs 40-22, as the betting platform continues to gain steam, despite regulatory hurdles. Polymarket has become the go to avenue for placing on-chain bets, which has brought in scrutiny from regulators. … Read more
Major financial institutions have been raising their gold price forecasts as the precious metal’s price benefits from growing trade war fears and central banks’ accumulations. This week, strategists at both Citi and UBS issued increased gold price forecasts, anticipating the precious metal’s bull run will continue as markets are pressured by geopolitical tensions and economic … Read more
The perceived odds of Ye, the rapper formerly known as Kanye West, launching a token have plummeted after he posted on social media that he is “not doing a coin” in a post where he added that “coins prey on the fans with hype.” That post saw the perceived odds of Kanye launching a token … Read more
Brazilian stock exchange B3 is set to expand its cryptocurrency offerings with the introduction of bitcoin (BTC) options and futures contracts for ether (ETH) and solana (SOL). The expanded offerings are set to come sometime this year, the exchange’s CEO Gilson Finkelsztain told local media. Bitcoin futures contracts were added to the exchange in April … Read more
Ether (ETH) has fallen more than 5.1% over the past 24-hour period to below $2,600, while bitcoin (BTC) is down around 2.9% over the same period to $95,700. The largest altcoin’s price performance has pushed down the CoinDesk 20 Index by nearly 4% over the period amid a market downturn that also affected equities markets … Read more
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