Solana’s SOL and xrp (XRP) edged up 5% in the past 24 hours to lead gains among majors Saturday as bitcoin (BTC) saw resistance at the $84,000 price level. SOL surged 7% as a contentious SIMD-0228 drew to a close late Thursday in favor of those against it, keeping its current inflation schedule intact. The … Read more
Newly elected Canadian Prime Minister Mark Carney, who recently won a leadership contest of the Liberal Party to replace Justin Trudeau, has dramatically increased his odds of winning the next federal election in the eyes of Polymarket bettors. Carney now has a 49% chance of winning the next Canadian election, compared to 26% a month … Read more
Trading volumes for Cardano’s ADA token have exploded of late with daily figures averaging around $720 million in February while exceeding an average of $1.4 billion in March. This rise was spurred by a social media post by U.S. President Donald Trump, who mentioned ADA as one of the tokens that would be included in … Read more
Sellers of risk assets are taking a breather on Friday, with crypto markets posting sizable gains along with U.S. stocks after a week of lame price action. Bitcoin topped $85,000 at one point during U.S. hours and is now trading at $84,400, up 4.7% over the past 24 hours. All cryptos in the CoinDesk 20 … Read more
It was a week of red in crypto and traditional markets, with bitcoin plummeting below $80K on March 10 and ETH falling to $1,821 the same day. So much for the “Trump Bump.” With the new administration on a tariff-tear this week, the markets were spooked about a recession and crypto was not immune. Still, … Read more
The Delaware bankruptcy court handling the FTX estate approved a petition on Thursday from Three Arrows Capital (3AC) to significantly expand its claim against the estate from $120 million to $1.53 billion, marking a major development in the ongoing fallout from the collapse of Sam Bankman-Fried’s crypto empire. 3AC, once a dominant crypto hedge fund … Read more
Crypto borrow and lend platform Euler Finance just clawed its way back from the DeFi wilderness. The protocol this week notched new all-time highs in total value locked (TVL) and total borrows – two pivotal metrics of activity for a DeFi lender. Euler’s hundreds of millions of crypto-dollars now under management might leave it well … Read more
Application-specific integrated circuit (ASIC) chips form the backbone of the bitcoin (BTC) mining industry. ASIC machines are made for a single purpose: To solve Bitcoin’s SHA-256 algorithm as fast as possible in order to collect block rewards. They’re extremely good at it. One of the most widely used ASIC machines, the Antminer S19, is capable … Read more
REX Shares has launched a first-of-its-kind convertible-bonds exchange-traded fund (ETF), allowing investors exposure to the convertible debt issued by corporates to add bitcoin to their balance sheet. Called the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), the fund is necessarily mostly made up of convertible paper issued by Michael Saylor’s Strategy (MSTR), by far … 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 2604.12, up 3.3% (+83.6) since 4 p.m. ET on Thursday. All 20 assets are trading higher. Leaders: LINK (+9.7%) and DOT (+6.7%). Laggards: BCH (+1.3%) and UNI (+1.9%). The … Read more
