One of the Uniswap DAO’s top contributors walked away in frustration on Monday amid concerns that other stakeholders wield too much power over the decentralised protocol. Pepo, a pseudonymous delegate whom other token holders entrusted to vote on their behalf, had participated in Uniswap’s governance since 2023. He wielded 455,000 UNI tokens, making him one … Read more
In financial markets, making assumptions based on short-term observations is a fool’s errand, as significant trends develop over months and years, not days or weeks. But as investors evaluate bitcoin’s role in their portfolios, the events of April are worth analyzing in order to understand the asset’s emerging reputation as a store of value. Backdrop … Read more
Institutional funds currently hold about 3.3 million ether (ETH), or roughly 3% of the circulating supply, through exchange-traded funds (ETFs). With 27% of ETH already staked, these ETF holdings alone could increase the amount of total staked ETH by more than 10%. And that’s without factoring in additional inflows from investors drawn to the promise … Read more
The institutional acceptance of crypto around the world has accelerated significantly recently, developing hand in hand with better-defined regulation. Here, BlockFills CEO Nick Hammer discusses the reasons for crypto’s increasing institutional usage and some of the latest products responding to that demand. What trends are you seeing now in the digital asset space? We’ve been … 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 2736.75, up 1.5% (+41.53) since 4 p.m. ET on Tuesday. Sixteen of 20 assets are trading higher. Leaders: LTC (+7.7%) and SUI (+3.9%). Laggards: AVAX (-1.2%) and UNI (-1.1%). … Read more
Crypto exchange Gemini has hired Brad Vopni as head of institutional, the company told CoinDesk in an exclusive interview. Vopni will be responsible for overseeing and executing the firm’s institutional strategy. Gemini is already working with exchange-traded fund (ETF) providers such as VanEck, Purpose, Evolve, 7RCC, and Monochrome, the company said. “With a crypto-native platform … Read more
Bitcoin (BTC) is now up 3% since the beginning of May, after gaining 14% gain in April. Inflows into BTC exchange-traded funds (ETFs) have accelerated over the past two weeks, while consistent bitcoin treasury accumulation continues to support the market. From an on-chain perspective, Glassnode data shows that both short-term holders (STHs) and long-term holders … Read more
Global payments service provider Visa’s (V) venture capital arm made a strategic investment in BVNK, a startup building stablecoin-based payment infrastructure, in a move that reflects legacy financial financial firms’ push into blockchain-powered money movement. “Visa’s deep expertise in building global payment networks, combined with our stablecoin infrastructure, creates powerful possibilities for redefining how businesses … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Crypto bears might want to closely watch bitcoin’s (BTC) recent chart patterns, which mirror those that preceded the late 2024 rally from $70,000 to $109,000. The first pattern involves the weekly chart’s Moving Average Convergence Divergence (MACD) histogram, a momentum … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) It’s Federal Open Market Committee day in the U.S., and while there’s little expectation of a change in interest rates, the market’s attention will be focused on Federal Reserve Chair Jerome Powell’s comments at the FOMC’s press conference. The CME’s FedWatch tool is pointing to a … Read more
