BJ French Minister of the Interior Bruno Retailleau agreed on a series of measures to tighten the security of crypto professionals at a Friday meeting following a number of kidnappings that have targeted industry figures in the country. Measures including strengthening collaboration with internal security officers to protect professionals, a security briefing provided by police units … Read more
The State of Wisconsin Investment Board (SWIB), one of the first U.S. state pension funds to invest in a spot bitcoin BTC exchange-traded fund, exited its position entirely in the first quarter as the price of the largest cryptocurrency fell about 12%. At end of 2024, the board held more than 6 million shares in … Read more
A federal judge has rejected a joint request by Ripple Labs and the U.S. Securities and Exchange Commission (SEC) to approve a proposed $50 million settlement. In a ruling issued Thursday, U.S. District Judge Analisa Torres said the parties’ motion was not only outside her jurisdiction, as the case is currently on appeal, but also … 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 3238.87, up 1.3% (+41.2) since 4 p.m. ET on Thursday. Nineteen of 20 assets are trading higher. Leaders: AAVE (+7.4%) and ETH (+2.9%). Laggards: XRP (-0.6%) and APT (+0.2%). … Read more
U.K.-based Coinsilium Group (COIN:AQSE), which became the first blockchain firm to IPO in 2015, has announced a £1.25 million raise as it looks to establish its bitcoin BTC treasury initiative. The raise came alongside a record high in trading volume of Coinsilium Group shares, with 14 million shares changing hands on Friday. Shares are currently … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The global crypto corporate-adoption narrative is thriving even as bitcoin and the wider crypto market take a bull breather, potentially establishing a base for a new high. Méliuz, a publicly listed Brazilian fintech firm, announced Thursday the purchase of 274.52 BTC. It now holds 320.2 BTC … Read more
A sharp sell-off in Coinbase (COIN) stock may be an overreaction to two pieces of bad news that hit on the same day, according to analysts at Barclays and Oppenheimer. Shares of the crypto exchange dropped 7.2% on Thursday after it disclosed a social engineering-driven data breach and later reports revealed a long-running Securities and … Read more
Ether’s ETH rally, though impressive, leaves much to be desired. That’s because the unwinding of shorts is said to be fueling the rally, not fresh longs or bullish leveraged bets on the Chicago Mercantile Exchange (CME). “The rally is primarily the result of short covering – traders unwinding bearish positions – rather than a surge … Read more
Bitcoin BTC bulls face a $120 million resistance challenge as they look to extend the classic “stair-step” uptrend, or periodic controlled move higher, order book data show. Since April 9, bitcoin has climbed about 38%, advancing from around $75,000 to $104,000 as trade tensions eased and major market participants deployed capital. This rally can be … Read more
FTX creditors are set to receive over $5 billion in distributions starting May 30, as part of the second phase of the bankrupt exchange’s court-approved recovery plan, the FTX Recovery Trust said Thursday. The estate will pay out to four classes of creditors, with recoveries ranging from 54% to 120% of their original claims. The … Read more
