The bitcoin market resembles an iceberg at the moment, with the surface revealing a dominance of sellers that paints an overtly bearish sentiment. However, at deeper levels beneath the surface, bargain hunters are quietly waiting to snap up coins an
On Friday, China's central bank took steps to support the yuan, which has been losing ground, with its depreciation being viewed as a potential tailwind for bitcoin .The People's Bank of China announced that it will stop purchasing government bonds t
U.S. stock markets were closed on Thursday in remembrance of former President Jimmy Carter, but crypto is 24/7 and is bearing the entire brunt of any nervousness ahead of tomorrow's December employment report.In late-afternoon action, the price of bi
In October 2024, an AI agent became a millionaire for the first time. That's something only a tiny fraction of humans will ever accomplish, even after a lifetime of labor, but an AI agent managed it in a span of days. Terminal of Truths (ToT) watched
Coinbase Inc. is warning customers that a U.S. regulator is demanding information about interactions with prediction market firm Polymarket, according to a person familiar with the situation, and Coinbase has sent messages to customers saying the ex
In today’s issue, Leo Mindyuk from MLTech provides a crypto outlook for 2025 and highlights key factors that could drive the adoption of these assets.Then, Miguel Kudry from L1 Advisors shares his insights on the topic in Ask and Expert.–Sarah Morton
Crypto exchange Gemini has appointed a new senior management team in Europe and plans to significantly expand its footprint in the region in 2025, the company said in a press release on Thursday.Mark Jennings has joined the company as its new head of
The FTX bankruptcy estate has disputed the recently announced sale of FTX EU to Backpack, the cryptocurrency exchange and wallet firm founded by former FTX and Alameda employees.The FTX estate said Backpack “has no involvement whatsoever in the U.S.
Shifting regulatory tides in the U.S. and favorable price action could set up XRP for a 40% move higher in the near term.Since hitting highs near $2.9 in early December, payments-focused cryptocurrency XRP has lost steam to carve out what is known as
Investors withdrew substantial amounts from the U.S.-listed spot bitcoin and ether exchange-traded funds (ETFs) Wednesday as macroeconomic uncertainties cast a shadow over the cryptocurrencies' price prospects.Eleven bitcoin ETFs recorded a combine
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Ben Schiller, CoinDesk’s Features and Opinion Editor.In this issue:HyperLiquid responds to criticism over decentralizationStarkWa
Already the largest gainer among major cryptos since the U.S. November presidential election, Ripple's XRP outperformed even more on Wednesday after Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty dined with President-elect Donal
Solana is ratcheting up testing of Firedancer, the highly anticipated software upgrade that promises to vastly increase the blockchain's processing speed.By the end of this week, Solana's core developers want a "super majority" of processing power on
NEW YORK, NY — Terraform Labs co-founder and former CEO Do Kwon’s criminal fraud trial in the U.S. has been tentatively scheduled for next January, allowing prosecutors and Kwon’s defense attorneys adequate time to review the “massive” six-terabyte t
Bitcoin erased all its early-2025 rise on Wednesday as macro jitters and the global bond rout accelerated the sell-off in crypto prices.The largest crypto slipped to a session low of $92,600 during U.S. trading hours, shedding nearly 10% in two days
Crypto markets had been on a nice bull run the the final quarter of 2024, but the trend of rising government bond yields across the globe appears to have become to strong to ignore.Considered the benchmark that sets the standard across the world, the
Bitcoin rounded out an exceptionally strong 2024 (up 120% yoy) with a whimper, logging the first overbought “sell” signal on its weekly bar chart since mid-April according to the stochastic oscillator, which is an indicator of trend exhaustion. The s
Real world assets (RWAs). This is what the crypto natives and institutions are now calling on-chain representations of ownership in real estate, debt, equity, fund LP units, and other traditional assets.Throughout 2024, RWA tokenization grew in popul
Blockchain oracle firm Pyth Network has partnered with neobank Revolut to port digital banking data into decentralized finance (DeFi).Revolut will provide data for more than 500 markets including foreign exchange, equities and commodities. Revolut al
Appchains are launching on Starknet, the layer-2 blockchain on Ethereum known for its embrace of zero-knowledge (ZK) cryptography. StarkWare, the primary developer of Starknet, shared the news on Wednesday, telling CoinDesk that its "SN Stack" will l