A Single Pudgy Penguins NFT Now Costs More Than a Bitcoin - solana, ethereum, second, Crypto, nft, CoinDesk

A Single Pudgy Penguins NFT Now Costs More Than a Bitcoin

The Pudgy Penguins NFT collection is keeping Web3 hopes afloat in a sea of dead NFT projects and a generally muted collectibles market.The non-fungible token set became the world’s second most-valued NFTs on Wednesday, with the minimum — or floor — p

Stablecoin Market Cap Hits $200B Milestone, Could Double in 2025 as Adoption Accelerates - CoinDesk, Crypto

Stablecoin Market Cap Hits $200B Milestone, Could Double in 2025 as Adoption Accelerates

The booming stablecoin market hit another milestone Wednesday, crossing the $200 billion total market value mark for the first time ever as demand accelerates and adoption expands for the assets.The asset class as a whole added $10 billion market val

Bitcoin’s $100K Breakout Pause Likely Due to Liquidity Factors and Nvidia's Stalled Rally - CoinDesk, Crypto

Bitcoin’s $100K Breakout Pause Likely Due to Liquidity Factors and Nvidia's Stalled Rally

For the third week, bitcoin remains locked in a price range between $90,000 and $100,000, punctuated only by Dec. 5's short-lived rise into six figures. This indecisive price action might have left traders feeling uninspired, with two key reasons ho

XRP, APT, ADA Tumble Another 15%; Investors May Be Paring Longs Ahead of CPI Data - CoinDesk, Crypto

XRP, APT, ADA Tumble Another 15%; Investors May Be Paring Longs Ahead of CPI Data

Cryptocurrencies continued to this week's decline on Tuesday, with altcoins in near-freefall as bitcoin slid further from the $100,000 level.Among the worst-hit cryptos were XRP, Polkadot (DOT), Litecoin , Aptos (APT) and Cardano , down 15%-18% over

Crypto Daybook Americas: Banks Favor King Dollar as BTC Tug-of-War Rages - CoinDesk, Crypto

Crypto Daybook Americas: Banks Favor King Dollar as BTC Tug-of-War Rages

By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin's bull-bear tug-of-war continues to rage, with prices recovering to over $97,000 from Monday's dip to $94,200. The slide was prompted by concern Google's new quantum-computing chip, Wi

BlackRock's Bitcoin ETF Drops Most in 4 Months Amid Quantum Computing FUD - CoinDesk, Crypto

BlackRock's Bitcoin ETF Drops Most in 4 Months Amid Quantum Computing FUD

BlackRock's spot bitcoin (BTC) exchange-traded fund (ETF), tickered IBIT on Nasdaq, dropped on Tuesday as the overheated crypto market cooled and unfounded concern that bitcoin's security might be compromised by quantum computing percolated across so

Derive Protocol Crosses $100M in Value Locked as Bitcoin Whales Make Waves in Options Trading - CoinDesk, Crypto

Derive Protocol Crosses $100M in Value Locked as Bitcoin Whales Make Waves in Options Trading

It's raining options, CoinDesk said last week, pointing to growing demand for derivatives tied to bitcoin and other cryptocurrencies. Now, additional evidence has emerged in the form of record activity on decentralized finance (DeFi), which offers u

XRP, Dogecoin Dive 12% as Altcoin Carnage Leads to Highest Bullish Liquidation in Nearly 3 Years - CoinDesk, Crypto

XRP, Dogecoin Dive 12% as Altcoin Carnage Leads to Highest Bullish Liquidation in Nearly 3 Years

Major tokens and midcaps registered one of their worst days in recent months with a sharp drop during early Asian hours on Tuesday, even as bitcoin was relatively little changed.XRP, dogecoin and Cardano’s ADA fell as much as 15% in the past 24 hou