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 2786.55, down 0.4% (-11.45) since 4 p.m. ET on Thursday. Four of 20 assets are trading higher. Leaders: BCH (+1.8%) and BTC (+0.4%). Laggards: SUI (-5.9%) and AVAX (-2.4%). … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) Markets seem bullish ahead of the jobs report due later Friday, with bitcoin (BTC) rising toward $97,000 after stocks rose for an eighth straight day on Thursday. That gave the S&P 500 its longest rally since August as investors grew more confident that trade tensions between … Read more
Tether, the company behind the $148 billion stablecoin USDT, plans to launch its U.S.-focused stablecoin later this year or early 2026 depending on the nation’s stablecoin legislation, CEO Paolo Ardoino told CNBC in an interview. “Realistically, it depends on the timeline of the final legislation on stablecoins, but we are looking at [launching the product] … Read more
In the first look at the employment picture since last month’s Liberation Day tariff announcements sent markets tumbling and supply chain professionals into never-imagined areas of uncertainty, the U.S. jobs market for the time being remained reasonably strong. The U.S. added 177,000 jobs in April, according to the Bureau of Labor Statistics’ Nonfarm Payrolls Report. … Read more
A bitcoin (BTC) breakout earlier this week has traders eyeing the $100,000 level in the coming days, a euphoric trade that could be short-lived as May’s seasonality approaches. “Historically, the next couple of months have been weak for financial markets, with many investors abiding by the Sell in May and Walk Away adage,” Jeff Mei, … Read more
Crypto exchange Kraken reported $472 million in revenue for the first quarter of 2025, up 19% from a year earlier despite a softening crypto market. The exchange’s adjusted EBITDA (profit before deductions) reached $187 million, a 17% rise year-over-year. Trading volume on the platform, rose 29% year-over-year, and funded accounts grew by 26%, while assets … Read more
Google is rolling out a privacy-focused upgrade to its Wallet service that uses zero-knowledge proof (ZKP) technology for age verification, per a release. The company said that the dating app Bumble, among others, will be one of the first partners to use this system. Bumble will use digital IDs issued through Google Wallet for user … Read more
The U.K.’s Financial Conduct Authority (FCA) is seeking views on intermediaries, staking, lending, borrowing, and decentralised finance (DeFi), in a discussion paper released on Friday. The discussion paper follows draft legislation by the Treasury that was announced on Tuesday. Once the legislation passes it will bring specific crypto activities within the FCA’s regulation, the regulator … Read more
Tokyo-based Metaplanet (3350) has issued 3.6 billion yen (around $24.8 million) in bonds to fund additional purchases of bitcoin (BTC) after the Japanese hotel firm’s holdings surpassed 5,000 BTC. According to a notice from the company, the newly issued bonds were sold entirely to EVO FUND. The bonds carry no interest and will be redeemed … Read more
Optimism for dogecoin (DOGE) and XRP based exchange-traded funds (ETFs) is rising sharply with crowd sentiment shifting in favor of both tokens, social data from Santiment in a Thursday update shows. Monitoring social commentary can be used alongside technical tools in a trading strategy, as positive chatter tends to support price rises, while negative chatter … Read more
