Crypto exchange Coinbase (COIN) is soaring 16% early Tuesday after the Monday evening announcement of its inclusion into the S&P 500. COIN will be added to the S&P 500 index after the close on Friday, replacing Discover Financial Services (DFS) which is being acquired by Capital One (COF). Wall Street brokerage Bernstein estimates the move … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Imagine a basketball player executing a convincing fake jump shot and holding just before his feet leave the ground. The defender, anticipating a quick shot, jumps prematurely, only to create an opening for the offensive player to drive to the … Read more
When real-world assets (RWAs) finally became the crypto industry’s narrative du jour, Sunny Lu, the founder and CEO of VeChain, could only smile. “I mean, we were doing this back in 2017,” Lu told CoinDesk in an interview ahead of Consensus 2025 in Toronto. “Back then, no one cared about RWAs.” Back then—eons in crypto … Read more
It all started in 2019, when a relatively small software company called MicroStrategy (now known as Strategy) knocked on investment bank Jefferies’ door after being turned away by Wall Street giants. At the time, Michael Saylor’s firm had a market cap of nearly $2 billion and was looking to raise capital to buy bitcoin—something bulge … 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 3258.85, up 1.8% (+58.26) since 4 p.m. ET on Monday. Twelve of 20 assets are trading higher. Leaders: ETH (+2.6%) and XRP (+2.0%). Laggards: BCH (-1.2%) and HBAR (-1.2%). … Read more
Asset manager VanEck launched its first tokenized fund, joining a roster of institutions entering the race to bring assets on-chain with tokenziation. The VanEck Treasury Fund (VBILL), developed with tokenization specialist Securitize, offers on-chain access to short-term U.S. Treasury debt and is available on the Avalanche AVAX, BNB Chain BNB, Ethereum ETH and Solana SOL … Read more
Inflation eased a bit more in April with the year-over-year headline Consumer Price Index rate falling to its slowest pace in more than four years. The April CPI rose 0.2%, according to the Bureau of Labor Statistics. That’s less than economist forecasts for 0.3%, though up from -0.1% in March. On a year-over-year basis, CPI … Read more
Dubai agreed to allow cryptocurrency payments for government services in a deal with crypto exchange Crypto.com, taking a step toward implementing its plan for a cashless society. Once technical details are complete, the agreement will allow individuals and businesses to pay fees using digital wallets from Crypto.com, which is licensed by the emirate’s Virtual Assets … Read more
Robinhood Markets (HOOD), the California-based financial services company, said Tuesday it agreed to buy Canadian crypto firm WonderFi (WNDR) for $178.98 million. The all-cash acquisition values WonderFi at 36 Canadian cents per share, a 41% premium over its closing price prior to the announcement. “WonderFi has built a formidable family of brands serving beginner and … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Crypto bulls are taking a breather, leaving bitcoin BTC in stasis near $103,000 ahead of the U.S. April inflation data, due at 8:30 a.m. With U.S.-China trade tensions easing, markets are, for now, optimistic about a softer-than-expected inflation print, potentially stirring up calls for Fed interest-rate … Read more
