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
U.S. President Donald Trump’s media company, Trump Media and Technology Group (TMTG), is making moves to launch exchange-traded funds (ETFs), including one tracking the price of bitcoin (BTC), according to an announcement on Thursday. The ETFs — three of them in total so far, alongside other planned products — would be launched under Trump’s Truth.Fi … Read more
In today’s issue, Ben Harper from Luxor Technology provides an update on what’s happening with bitcoin mining this year. Then, Colin Harper from Blockspace Media answers questions on the topic of mining and AI in Ask and Expert. – Sarah Morton You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial … Read more
New York, NY — Ondo Finance, the second-largest tokenized Treasuries issuer, said it plans to start its own layer-1 blockchain designed for tokenized real-world assets in a bid to connect traditional capital markets with decentralized finance, the company announced on Thursday at its inaugural Ondo Summit. Ondo Chain was crafted to meet institutional compliance standards … 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 3248.93, up 0.4% (+14.12) since 4 p.m. on Wednesday. Eleven of 20 assets are trading higher. Leaders: XLM (+1.5%) and LTC (+1.3%). Laggards: APT (-1.0%) and UNI (-0.8%). The … Read more
Foundry, the world’s largest Bitcoin mining pool by hashrate, has announced it’s diversifying its operations and bolstering the security Bitcoin layer-2 network Rootstock through merge mining. Merged mining allows miners to simultaneously mine two or more cryptocurrencies that employ the same hashing algorithm without compromising the overall mining efficiency. The move injects 740 exahashes per … Read more
Decentralized exchange (DEX) aggregator 1inch Network has expanded its cross-chain swapping capabilities by integrating ZKsync, a layer-2 scaling solution for Ethereum to provide faster and cheaper transactions when moving crypto between different networks. The integration, announced via a press release shared with CoinDesk, allows its users to seamlessly execute cross-chain swaps involving ZKsync. 1inch said … Read more
Earlier this week, Shiba Inu partnered with the UAE’s Ministry of Energy and Infrastructure (MoEI) to use its blockchain applications in various public sector services. Such partnerships bolster SHIB’s appeal, which sits at a $9 billion market capitalization as of Thursday. MoEI is set to use Shiba Inu’s Operating System (ShibOS) — on their layer-2 … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The past 24 hours have been marked by bullish postings on social media, with notable figures voicing positive outlooks on the cryptocurrency market that have worked their way into prices. Bitcoin has bounced to over $98,000 from $96,900, with President Donald Trump’s son Eric encouraging family-linked … Read more
On Wednesday, centralized exchanges registered a net outflow of over 17,000 BTC, worth more than $1.6 billion at the going market price of $98,600, according to Glassnode data shared by Andrew Dragosch, head of research Bitwise. That’s the biggest single-day exodus of coins since April 2024. “Whales are buying this dip,” Dragosch said on X, … Read more
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR). Strategy (MSTR) expects its convertible preferred stock Strike (STRK) to be listed on Nasdaq on Thursday, according to a slide in its earnings presentation. Strategy, formerly known as MicroStrategy, also introduced new performance metrics when it reported fourth-quarter earnings after the market closed … Read more
Layer 1 Berachain will airdrop just under 80 million of its BERA tokens to ecosystem and exchange users as the decentralized finance (DeFi)- focussed network goes live later on Thursday, per a release. The total initial supply of BERA is 500 million tokens, with 48.9% allocated for community engagement, including airdrops, ecosystem development, and research. … Read more
Two law firms that are involved in a proposed a class action suit against Pump.fun say they are now victims of tokens that are impersonating the firm’s likeness, and are demanding in a cease and desist letter that the memecoin factory immediately remove them. At the center of the controversy is a token called ‘DOGSHIT2‘ … Read more
Net inflows to spot XRP tokens turned positive early Thursday after days of outflows, putting the token in focus following a record-breaking month for its native decentralized exchange (DEX). Over $15 million in XRP flowed to centralized exchanges on Thursday led by deposits to Bybit and Kraken, Coinglass data shows. Spot inflows to exchanges may … Read more
U.S. Treasury Secretary Scott Bessent said Wednesday that the Trump administration aims to reduce borrowing costs in the economy by lowering the yield on the 10-year Treasury note. “He and I are focused on the 10-year Treasury,” Bessent told Fox Business when asked about plans to lower interest rates. “He is not calling for the … Read more
Bitcoin (BTC) has become a store of value and an instability hedge for the world’s wealthiest investors, Michael Sonnenfeld, the founder of Tiger21, said during an interview on CNBC. The members of Tiger21, a network of high-net-worth investors and executives, collectively have a net worth of $200 billion. The members have allocated around 1%-3% of … Read more