Bitcoin (BTC) may drop to $75,000 should it trigger a so-called ‘double top’ bearish reversal pattern. A double top comprises two consecutive peaks at approximately the same price, with a trendline drawn through the low point between these peaks. The failure to break above the previous peak, followed by a subsequent decline, suggests that the … Read more
Artificial Intelligence (AI) tokens are in the red during the Asia morning trading hours, with the CoinGecko category down 9%, registering bigger losses than the CoinDesk 20 – a crypto index – which is down 5%. Crypto investors, like their traditional finance counterparts, are likely digesting the impact that DeepSeek, a new AI model, is … Read more
While the TRUMP token brought considerable attention to the crypto market, it struggled to onboard substantial new capital. That’s the takeaway from the comparative analysis of TRUMP’s market cap versus the total value of the crypto market. The memecoin launched with significant impact last week, reaching a market cap of over $10 billion on its … Read more
Donald Trump is officially the 47th President of the United States, and the U.S. government is going in some different directions from the last administration. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Executive order The narrative U.S. President … Read more
Remember those middle-school writing prompts: Describe your favorite cookie. Your teacher told you to write it as if to an alien, a being who had never encountered a cookie before, which meant touching on each sense – sight, sound, smell, touch, taste. You might not have realized it then, but describing something in a way … Read more
Nasdaq has filed a proposed rule change to allow in-kind creation and redemption for the BlackRock iShares Bitcoin Trust (IBIT), according to a Friday filing to the U.S. Securities and Exchange Commission (SEC). The process allows large institutional investors, called authorized participants (APs), to buy and redeem shares of the fund directly to bitcoin (BTC). … Read more
Solana (SOL), the layer-1 blockchain designed for high-speed and low-cost transactions, has been at the center of a trading frenzy with Donald Trump’s memecoin driving stablecoin supply on the network to a fresh record-high. The total stablecoin supply on Solana has surged to $10.5 billion, doubling since the start of January, according to data source … Read more
An investigation in the U.S. House of Representatives and a hearing in the Senate will examine whether financial regulators during the administration of former President Joe Biden deliberately cut off crypto industry leaders and others from the banking system in an inappropriate use of authority. “Debanking is un-American — every legal business deserves to be … Read more
It was a big week for crypto following the inauguration of Donald Trump to a second term Monday. The White House issued an executive order on digital assets, calling for a friendly approach to crypto across the administration and the creation of a “digital asset stockpile” (which may, or may not be, a Bitcoin Strategic … Read more
The DePIN revolution is coming to a fast food franchise near you. The movement that started with Helium and has spread to numerous categories, including mapping and car data, this year is now spreading to hospitality. The initiative shows how quickly DePINs — or decentralized networks of physical infrastructure — are becoming mainstream. The fast … Read more
Many participants in industry hackathons are just looking to make some quick prize money and move on to the next contest — Dominic Kwok calls them “bounty hunters.” But EasyA, the start-up for developers that he and his brother Phil started four years ago, is looking for a different type of competitor — those who … Read more
David Balland, co-founder of cryptocurrency wallet developer Ledger, was rescued in a police operation after being kidnapped in a ransom attack in France, according to reports, putting an end to days of swirling rumors. Paris Prosecutor Laure Beccuau said that Ballard and his wife were kidnapped on early Tuesday from their home in Central France … 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 3991.46, up 2.5% (+97.0) since 4 p.m. ET on Thursday. Nineteen of 20 assets are trading higher. Leaders: HBAR (+8.0%) and SOL (+4.8%). Laggards: ETC (-0.1%) and BTC (+0.4%). … Read more
What if you could put up your bitcoin (BTC) or ether (ETH) as collateral to buy a house? That’s essentially the idea behind real estate firm Propy’s upcoming sale, a condominium located in Honolulu, Hawaii, which is being sold at a starting price of $250,000. If they so choose, the prospective buyer will be able … Read more
Some $7.8 billion worth of bitcoin (BTC) options expire at the end of the month and, with the largest cryptocurrency trading well above the so-called max pain point, it’s possible market makers looking to maximize their profits will try to force it lower in the coming days. Data from Deribit, the largest decentralized options exchange, … Read more
By James Van Straten (All times ET unless indicated otherwise) The past 24 hours have been among the most hectic in the crypto industry for years, and this was reflected in Thursday’s bitcoin (BTC) price, which whipsawed 2% to 3% multiple times in a matter of minutes. Still, it managed to stay above the psychological … Read more
Large bitcoin (BTC) holders, commonly known as whales, are back purchasing more of the asset after a lull period in early January and a bout of profit-taking, CryptoQuant data shows. The monthly percentage growth of the bitcoin holdings of large investors has accelerated from -0.25% on January 14 to +2% on January 17, the highest … Read more
Singapore and Thailand recently moved to ban Polymarket from their respective jurisdictions, arguing that the site was just another gambling platform. On the surface, that argument seems logical. Polymarket’s inclusion of sports prediction markets makes it seem like a competitor to licensed sportsbooks around the world. After all, even prediction market’s harshest critics acknowledge that … Read more
The analyst who wrote this piece owns shares of Semler Scientific (SMLR). Medical-devices maker Semler Scientific (SMLR) tumbled as much as 15% after the close of U.S. trading on Thursday after saying it plans to sell $75 million of convertible senior notes and will use some of the funds to add to its bitcoin (BTC) … Read more
Crypto venture capital (VC) funding is expected to recover this year as regulatory clarity and more crypto-friendly policies emerge during the tenure of President Donald Trump, JPMorgan (JPM) said in a research report Wednesday. The Wall Street bank noted that venture funding for the industry has been subdued in recent years. This may have been … Read more
Donald Trump’s official memecoin has been extremely profitable for early buyers and likely unprofitable for many, a Chainalysis finding shows. An estimated 60 whales — a colloquial term for influential token holders — have realized profits exceeding $10 million each. However, a majority of retail investors were at break-even as of Thursday. “After 1B $TRUMP … Read more
Ethereum scaling plans and network applications should start supporting the network’s native ether (ETH) to further bump value for the asset, co-founder Vitalik Buterin wrote in a post on Friday. “We should pursue a multi-pronged strategy, to cover all major possible sources of the value of ETH as a triple-point asset,” Buterin said as part … Read more
Interblockchain settlements protocol THORChain paused bitcoin (BTC) and ether (ETH) withdrawals on its lending and savers programs to prevent a potential insolvency risk. Network node operators proposed and implemented a 90-day pause in early Asian hours on Friday, to formulate a plan to resolve debts, messages from THORChain’s Telegram channels show. THORChain’s lending program only … Read more
Bitcoin (BTC) held steady during Friday’s Asian hours after Bank of Japan (BOJ) lifted the benchmark borrowing cost to the highest in 17 years while raising inflation forecasts. “If the outlook presented in the January Outlook Report will be realized, the Bank will accordingly continue to raise the policy interest rate and adjust the degree … Read more
The U.S. Securities and Exchange Commission published a new Staff Accounting Bulletin Thursday withdrawing its controversial SAB 121. SAB 121 directed banks and other public companies that they had to mark any customers’ crypto assets on their own balance sheets. SAB 122 “rescinds the interpretive guidance” and instead directs firms to use Financial Accounting Standards … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller, CoinDesk’s Opinion and Features editor. In this issue: DAO governance tool merger Ethereum Foundation drama Stablecoin USDh comes to Bitcoin $25 million grant program for DePIN Network News DAO GOVERNANCE PLATFORM ACQUIRES RIVAL: Agora, a blockchain … Read more
Senator Elizabeth Warren is calling foul on President Donald Trump’s meme coin, pressing for the U.S. Office of Government Ethics and financial regulatory agencies to dig into the ethical and regulatory details around the $TRUMP token. Warren, who is the top Democrat on the Senate Banking Committee that oversees U.S. financial regulators, says the assets, … Read more
U.S. President Donald Trump has come through with an eagerly awaited executive order on crypto that directs his administration to establish friendly policies to put the industry on solid U.S. footing and work toward establishing a “digital asset stockpile.” After years of courtroom combat with federal authorities, Trump’s order could allow the digital assets sector … Read more
It took institutions over a decade to take bitcoin (BTC) seriously as an investment vehicle, even though well-known financial pioneers had embraced the largest cryptocurrency on the market years earlier. But not even one year after the launch of the spot bitcoin exchange-traded funds (ETFs) which saw adoption from pension funds, hedge funds and even … Read more
Payments remain the big unsolved use case of the internet. When we buy something online, we generally use a traditional payment method, like a credit card, which isn’t “native” to the experience. Your ability to transact with a merchant is verified by a third-party (like a bank), which raises costs and adds a lot of … Read more