Crypto majors zoomed as much as 20%, before reversing, in the past 24 hours as a buy-the-dip strategy following Monday’s $2.2 billion turned profitable for risk-takers, although gains were wiped as China announced retaliatory tariffs on the U.S. The bump saw a pull back during the Asian morning hours as the deadline for the U.S. … Read more
The recent probe of Crypto.com and Kalshi’s sports contracts all comes down to a single question — are event contracts premised on sports “gaming” within the meaning of the Commodities Exchange Act, said crypto lawyer Aaron Brogan. The Commodity Futures Trading Commission (CFTC) is probing the Super Bowl events contracts on Crypto.com and Kalshi, according … Read more
Bitcoin (BTC) and Nasdaq futures faced renewed selling pressure during Asia trading hours on Tuesday as China imposed retaliatory tariffs against the U.S. China also announced an antitrust probe into Google, while moving clothing firm PVH Corp and biotechnology firm Illumina to the list of unreliable entities. Beijing imposed a 15% duty on U.S. coal … Read more
Representatives from two protocols that have tokens held by the treasury of World Liberty Financial (WLFI), a crypto project backed by President Donald Trump and his family, are denying the existence of a token swap agreement that required a $10 million – $15 million buy-in to get included in the project. A report from Blockworks … Read more
U.S. prosecutors have charged a 22-year-old Canadian man with stealing a combined $65 million in crypto through two separate decentralized finance (DeFi) hacks — the 2021 Indexed Finance exploit and the 2023 KyberSwap hack. In a newly-unsealed indictment filed in the Eastern District of New York (EDNY), prosecutors say Andean “Andy” Medjedovic was the mastermind behind … Read more
U.S. financial markets have long been burdened with a patchwork of outdated, overly complex, paternalistic rules. Meanwhile, the government’s failure to establish a regulatory regime for digital assets, coupled with its aggressive persecution of the industry, has stifled innovation. Unsurprisingly, the rest of the world surged ahead, leaving the U.S. behind. Now, under President Trump’s … Read more
Cryptocurrencies in the real-world asset (RWA) sector led the recovery of the broader digital asset market from the overnight bloodbath, underscoring the strength of the tokenization investment narrative. Decentralized finance (DeFi) tokenized asset platform Ondo Finance’s governance token was 16% higher on the day, surging almost 40% from the overnight lows. The protocol today unveiled … Read more
Few crypto exchanges have been as busy in the last few months as Crypto.com. The company recently received a license from MiCA to operate in the E.U., and also in December voluntarily withdrew the lawsuit it filed against the SEC after receiving a Wells notice from the agency last summer (the withdrawal happened just a … Read more
The integration of AI and blockchain is creating a groundbreaking new category of technology: AI agents. They’re autonomous, digital entities capable of commerce, collaboration, and creativity — all without human intervention. By 2026, they’ll be everywhere, handling tasks most businesses haven’t even begun to think about automating. And when paired with blockchain technology, they’re poised … Read more
Data portability is a commonly-repeated promise of crypto. “Take your followers and social graph across the internet.” “Bring your video game items across games and platforms.” “Log into any site with a single, unified identity.” These claims have excited builders and developers, but haven’t yet gone mainstream. Recent platform shifts have highlighted the fragility of … Read more
U.S. President Donald Trump signed an executive order Monday afternoon charging the Treasury and Commerce Departments with creating a sovereign wealth fund. While Treasury Secretary Scott Bessent has expressed at least cautious interest in crypto, Commerce Secretary nominee Howard Lutnick has been a loud champion for the sector. His bond trading powerhouse Cantor Fitzgerald is … Read more
Over the past few years, Wyoming, a landlocked state in the U.S. Mountain West, has embarked on a journey to become a blockchain pioneer. With a bold vision of creating an attractive cryptocurrency and blockchain ecosystem, the state’s crypto-friendly laws have positioned Wyoming as the most welcoming state in the U.S. for blockchain companies and … Read more
MicroStrategy, the fourth-largest owner of bitcoin (BTC), did not buy any new tokens last week, Executive Chairman Michael Saylor announced on X, ending a 12-week string of purchases. Since Nov. 11, the Tysons Corner, Virginia-based company has bought 218,887 bitcoin, according to Saylor. It currently holds 471,107 bitcoin. While Saylor didn’t say why the company … Read more
Cryptocurrencies bounced on Monday with bitcoin (BTC) rallying towards $100,000 as concerns over a full-blown trade war significantly subsided with Mexico reaching an agreement with U.S. President Donald Trump. Mexico President Claudia Sheinbaum said on Monday that the government will deploy 10,000 troops on the U.S. border to stop illegal arms and drug trafficking. She … 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 3112.63, down 17.1% (-641.58) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: BTC (-6.8%) and SOL (-14.8%). Laggards: FIL (-33.9%) and AAVE … Read more
Havoc in crypto markets spread to stocks of crypto-focused companies, with losses in U.S. futures pointing to declines in equities that are likely to put bitcoin (BTC) on track for further losses because it tends to mirror movements of U.S. stock markets. S&P 500 futures slid 1.4%, Dow Jones futures fell 1.2% and futures on … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Crypto markets are a sea of red alongside a growing risk aversion in traditional markets, and Trump’s tariffs are to blame. Late Friday, the president imposed a 25% tariff on imports from Canada and Mexico and 10% on China, provoking retaliatory measures that have reignited a … Read more
THORChain’s members passed “Proposal6” to convert nearly $200 million of unserviceable debt into equity via a new token, TCY (Thorchain Yield), with a total supply of 200 million tokens. This action was taken after suspending THORFi services on Jan. 23 due to financial uncertainties, as CoinDesk reported. TCY tokens will be distributed at a rate … Read more
Crypto exchange Coinbase (COIN) became the largest crypto exchange to operate in the U.K. after securing a spot on the register of the Financial Conduct Authority (FCA), allowing it to offer crypto services in the country for the first time. “It opens up new channels and opens up the ability to launch new products and … Read more
Donald Trump’s decision to levy tariffs may have turned market sentiment linked to his pro-crypto promises, causing a steep drop in bitcoin (BTC) and majors in the past 24 hours. Traders believe Monday’s bloodbath could turn out to be a buy-the-dip opportunity for several reasons, stemming from the eventual growth of and demand for dollar-backed … Read more
Ether (ETH), the second-largest cryptocurrency by market value, witnessed a significant spike in volatility early Monday as the renewed trade war between the U.S. and its trading partners triggered broad-based risk aversion in financial markets. The price of ether tanked as much as 24%, with considerable dislocations across centralized exchanges. On Deribit, the price hit … Read more
A market-wide drop has sent Donald Trump’s TRUMP token spiraling further down in the past 24 hours, bringing losses from the peak to a staggering 75%. TRUMP was issued a couple of days before Trump’s swearing-in ceremony on Jan.20 as the first-ever memecoin officially endorsed by a sitting president. It ran from zero to a … Read more
Premiums of an infamous bitcoin (BTC) trade popularized by Sam Bankman-Fried have popped back to significant levels amid a market bloodbath caused by rising U.S. tariffs, a market sign that some consider bearish in the short term. The so-called Kimchi premium, or the difference in bitcoin prices on Korean exchanges compared to global bourses, rose … Read more
It’s business as usual for Ethena’s USDe as the synthetic stablecoin appeared to weather the storm brought on by market volatility from the White House’s trade war threats. USDe differs from stablecoins such Circle’s USDC because it’s a synthetic stablecoin and not backed by fiat assets at a 1:1 ratio. The stablecoin maintains its $1 … Read more
The Indian government is rethinking its stance on crypto as the global view on digital assets starts to thaw, Reuters reported on Monday. Although crypto is unregulated in India, the country started taxing digital assets in 2022, charging 1% tax-deducted-at-source (TDS) on crypto transactions and introducing a 30% capital gain tax. Since then, the crypto … Read more
Major tokens slumped more than 25% in the past 24 hours as a new wave of tariffs imposed by the U.S. on Canada and Mexico over the weekend birthed talks of a global trade war — souring sentiment for risk assets. XRP, dogecoin (DOGE) and Cardano’s ADA fell more than 25% to reverse all of … Read more
Bitcoin’s (BTC) on-chain options market on Derive.xyz indicates a 22% probability of prices falling to $75,000 by March 28, a notable rise from last week’s 10% chance. The sharp rise in probability follows a renewed import tariff war between the U.S. and its top trading partners, Canada, Mexico and China and concerns it will add … Read more
Major cryptocurrency including bitcoin (BTC), ether (ETH), Solana’s SOL, and XRP were all significantly down as Asia began its trading week. By mid-morning Hong Kong time, BTC was down 8%, trading above $93,100, according to CoinDesk Indices data. Meanwhile, ether (ETH) is down nearly 20%, trading at $2,500, while SOL is down 13% at $184. … Read more
Bitcoin (BTC), the leading cryptocurrency by market value and the only macro asset open for trading over the weekend slipped below $100,000 as Canada joined Mexico in announcing retaliatory import tariffs against the United States. Prime Minister Justin Trudeau said Canada would impose 25% tariffs on U.S. goods, from drinks to appliances, after President Donald … Read more
Following through on threats made throughout his campaign and repeated in the opening days of his presidency, Donald Trump has imposed 25% tariffs on nearly all imports from Mexico and Canada and a 10% tariff on goods from China. The tariffs are effective beginning Tuesday. “The sustained influx of illicit opioids and other drugs has … Read more