The crypto political action committee that stunned U.S. politics last year, Fairshake, successfully weighed in again in a pair of Florida special elections to replace Republican members of Congress, likely adding to its list of lawmakers who have the industry to thank for campaign support. A primary election closed Tuesday night, giving pro-crypto candidates supported … Read more
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). To say that MicroStrategy (MSTR) has been at the lead of creatively raising capital with which to buy massive amounts of bitcoin (BTC) would be an understatement. Led by Executive Chairman Michael Saylor, the company this week opened a new front along those … Read more
Web3 technologies are poised to transform the world of commerce just as Web2 revolutionized access to information. The result will be a vast, open, liquid digital marketplace where all physical goods can be listed and traded seamlessly. In the early days of the internet, information was siloed within proprietary networks. Over time, the zero marginal … Read more
Trump Media and Technology Group (DJT), the company that operates the social media site Truth Social, announced Wednesday it is launching a financial services platform focusing on crypto and customized exchange-traded funds. The company’s board approved an investment of up to $250 million at major asset manager Charles Schwab (SCHW). The funds may be allocated … 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 3686.16, down 0.8% (-30.23) since 4 p.m. ET on Tuesday. Four of 20 assets are trading higher. Leaders: UNI (+5.1%) and NEAR (+0.5%). Laggards: ICP (-3.2%) and BCH (-2.2%). … Read more
Digital Currency Group (DCG) is spinning off the self-mining unit of its Foundry subsidiary into a separate business called Fortitude Mining that will mine crypto across a range of digital assets, the company said Wednesday. What makes Fortitude Mining different is that it will not only mine bitcoin (BTC), but other proof-of-work protocols as well, … Read more
Crypto accounting platform Cryptio has raised $15 million in an extension to its Series A funding round from June 2022. Existing investor Alven led the round and featured participation from new backers 1kx and Ledger Cathay Capital, Cryptio told CoinDesk via email on Wednesday. The $15 million raised takes the total for the Series A … Read more
Proof-of-stake blockchain Cardano will switch to decentralized governance later Wednesday after the Plomin hard fork takes effect, Cardano Foundation, a non-profit organization backing the project, said on X. “The Plomin hard fork takes effect, marking the transition to full decentralized governance. ADA holders gain real voting power – on parameter changes, treasury withdrawals, hard forks, … Read more
By James Van Straten (All times ET unless indicated otherwise) Each new day under the Trump administration is as intriguing as the next, and Wednesday is shaping up to be no different. For one, the president’s enthusiasm for bitcoin is spurring other countries to take a look at the asset. Most recently, Czech National Bank … Read more
Digital asset exchange Crypto.com said it will suspend certain token services deemed to be unauthorized in terms of the European Union’s Markets in Crypto Assets legislation (MiCA) in a statement to its clients on Tuesday. The statement said that from Jan. 31, it will no longer offer certain services from stablecoins, like Tether USDT, Paypal … Read more
The M2 money supply increased in December to $21.5 trillion, just shy of its all-time high. The M2 money supply measures the total amount of money in circulation within an economy, including both liquid and less liquid assets. Meanwhile, the CPI index tracks the average price change of goods and services over time, which indicates … Read more
YZi Labs, the rebranded venture capital arm of crypto exchange Binance, made its first investment following founder Changpeng “CZ” Zhao’s release from prison, Fortune reported on Wednesday. The company formerly known as Binance Labs led a $16 million funding round into Sign, a startup that seeks to simplify token distribution and bring verification of credentials … Read more
Dogecoin (DOGE), the largest memecoin by market cap, dropped below a short-term uptrend line on Monday, signaling an end to the recovery from December lows and potentially the conclusion of a five-month rally. Since then, prices have dropped below the 38.2% Fibonacci retracement level of the run that started in August and touching highs about … Read more
Berachain-based liquidity platform Boyco went live on Tuesday with over $2.2 billion in pre-deposits. The pre-launch liquidity platform is built in collaboration with Enso, Berachain and LayerZero. It aims to solve the the cold start problem for new decentralized applications (dApps) by ensuring they have sufficient liquidity from day one. This approach theoretically helps dApps … Read more
Tokyo-listed Metaplanet said on Tuesday that it would accumulate 10,000 bitcoin (BTC) by the end of 2025 and 21,000 bitcoin by the end of 2026 as part of a corporate treasury plan. The strategy is designed to establish Metaplanet as one of the world’s largest corporate holders of bitcoin, the company said. It holds over … Read more
Czech National Bank Governor Ales Michl said in an interview with Financial Times (FT) that he will present a bitcoin investment plan to the board on Thursday, which, if approved, could see the apex bank diversify 5% of its $146.13 billion reserves into the leading cryptocurrency by market value. “For the diversification of our assets, … Read more
The first Federal Reserve (Fed) meeting of 2025 will conclude on Wednesday, with the rate decision scheduled for release at 19:00 UTC. It will be followed by Chairman Jerome Powell’s press conference at 19:30 UTC. The Fed’s ongoing target range for interest rates is 4.25% to 4.5%, which has declined by 100 basis points since … Read more
Newly launched Venice AI’s VVV token nosedived as much as 50% as insider trading allegations led to a drop in early sentiment for the hyped product. Venice AI launched on Monday as an AI platform on the Base network that allows users to access China’s DeepSeek with a layer of privacy. It zoomed to a … Read more
The Electronic Frontier Foundation (EFF), a prominent digital rights group, has filed an amicus brief in support of Roman Storm, a developer of the crypto privacy protocol Tornado Cash (TORN). Storm has been charged with conspiracy to facilitate money laundering, operating an unlicensed money transmitter, and violating sanctions in relation to his work on the … Read more
Crypto asset manager Bitwise has uploaded documents to launch an exchange-traded fund (ETF) tied to the price of dogecoin (DOGE), a filing with the US. Securities and Exchange Commission on Tuesday shows. The filing, an S-1 document, is a requirement for companies seeking to issue a new security and be listed on a public stock … Read more
Lorien Gabel has spent decades building internet infrastructure companies, from ISPs to cloud security firms. In 2018, recognizing the transformative potential of proof-of-stake networks, he co-founded Figment, which has since become one of the world’s largest independent staking providers, offering technology and services that enable users to stake their tokens without having to use a … Read more
French authorities have expanded a probe into Binance, investigating alleged money laundering, tax fraud and other crimes at the crypto exchange from 2019 to 2024, according to a Tuesday report from Reuters. Binance has denied the allegations, telling CoinDesk in an emailed statement that it will “vigorously fight any charges made against it.” The investigation, … Read more
A recently published journal article by researchers at BTQ, a startup working to build blockchain technology that can withstand attacks from quantum computers, has proposed an alternative to the Proof of Work (PoW) algorithm involving quantum technology. Proof of Work is a blockchain consensus mechanism that secures the Bitcoin network. Participants crunch through vast amounts … Read more
For Sébastien Borget, what started as a passion for gaming has flourished into co-founding The Sandbox, now one of the most recognized metaverse platforms in the world with more than 6.3 million user accounts with connected crypto wallets. Its recent Alpha Season 4 curated event attracted more than 580,000 unique players in just six weeks, … Read more
The native token of Movement, an Ethereum layer-2 network built using the Facebook-created MoveVM coding language, jumped on Tuesday after Donald Trump-backed World Liberty Financial purchased tokens. There was also a fresh report that the network is among the blockchains in discussion with the Elon Musk-led Department of Government Efficiency (DOGE). The MOVE token spiked … Read more
Blockchain firm Movement Labs has deployed a developer mainnet to advance its goal of bringing Facebook (META)’s Move Virtual Machine (MoveVM) to Ethereum. The developer mainnet’s launch will begin the deployment of Movement’s core infrastructure and allow selected partners to start implementing decentralized finance (DeFi) protocols, according to an emailed announcement on Tuesday. The release … 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 3796.28, up 3.3% (+120.73) since 4 p.m. ET on Monday. Seventeen of 20 assets are trading higher. Leaders: XRP (+6.6%) and XLM (+5.3%). Laggards: RENDER (-2.7%) and NEAR (-0.7%). … Read more
Crypto exchange Coinbase (COIN) said it received regulatory approval to offer services to users in Argentina. The company received a Virtual Asset Service Provider (VASP) registration from Argentina’s National Securities Commission (CNV), it said in a blog post on Tuesday. The expansion is part of the exchange’s mission to increase economic freedom globally. In 2023, … Read more
The SSV DAO, the decentralized autonomous organization behind the decentralized staking protocol SSV Network, unveiled Tuesday a new framework, called “SSV 2.0”, which will allow applications to make use of “based” technology by leveraging Ethereum validators. SSV 2.0 will be the most ambitious project for the SSV Network, according to a press release shared with … Read more
Ondo Finance, a tokenized real-world asset platform, is bringing its $185 million U.S. Treasury token to the enterprise-focused XRP Ledger network to expand the offering for institutions, the companies said Tuesday. The Ondo Short-Term US Government Treasuries (OUSG) token is backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and allows qualified investors to mint … Read more