Retail traders in South Korea are piling into XRP and dogecoin (DOGE) in a sign of returning risk-on sentiment among speculative traders. Trading volumes of the two tokens on local exchanges crossed bitcoin (BTC) and ether (ETH) in the past 24 hours. The surge comes amid renewed risk-on sentiment across crypto and equity markets as … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Prices for privacy-protecting digital currency Zcash (ZEC) have moved past a key resistance or supply zone, hinting at bigger gains ahead. Since February, ZEC has traded sideways, with sellers dominating above $40. Meanwhile, dips near $25 have consistently found support, … Read more
Lido, Ethereum’s largest liquid staking protocol, avoided a major security incident after one of its nine oracle keys was compromised in what appears to be a low-impact but serious breach involving validator operator Chorus One. Lido secures over 25% of all ETH staked on Ethereum, making it one of the most systemically important protocols in … Read more
Tokyo-listed investment firm Metaplanet has added another 1,241 bitcoin (BTC) to its treasury, spending 18.4 billion yen (or $126 million at currency exchange rates) in its latest purchase, per a Monday disclosure. The acquisition brings Metaplanet’s total holdings to 6,796 BTC, worth over $706 million at current market prices. That has sent it above bitcoin-stacking … Read more
Bitcoin BTC could soon hit record price highs, triggering accelerated gains in the wider altcoin market, as easing U.S.-China trade tensions may see markets react positively to a potential slowdown in the April CPI due this week. The United States has reached a trade agreement with China after two days of high-level negotiations in Geneva, … Read more
Decentralized finance (DeFi) on the Bitcoin blockchain may still be in its infancy relative to Ethereum, but Bitcoin DeFi (BTCFi) is becoming safer and cheaper, crypto analytics firm Messari said in a new report. A central participant is Rootstock, one of the oldest Bitcoin layer-2 projects, crypto analytics firm Messari said in its “State of … Read more
They crypto bull move continued into the weekend thanks to a trio of positive macro developments. Likely most responsible for the move was a President Trump Truth Social post regarding trade talks being held in Switzerland between the U.S. and China. “A very good meeting today,” said Trump. “Many things discussed, much agreed to,” he … Read more
Lido Finance, Ethereum’s largest liquid staking platform by locked value, has introduced a proposal that grants staked ether (stETH) holders direct voting power alongside existing DAO tokenholders. The upgrade, dubbed Lido Improvement Proposal (LIP) 28, outlines a dual governance system allowing stETH holders — those who stake ETH via Lido and receive a liquid token … Read more
House Republicans unveiled a discussion draft of a market structure bill but all eyes this week were on the Senate, where a largely bipartisan effort to advance stablecoin legislation ran up against a wall. PS: I’ll be in Toronto next week for Consensus. In town? Come say hi. You’re reading State of Crypto, a CoinDesk … Read more
Coinbase (COIN) has its own strategy for BTC on the corporate balance sheet, but it’s not a bitcoin maximalist play like that of Michael Saylor’s Strategy (MSTR). On the company’s first quarter 2025 earnings call, CFO Alesia Haas revealed that Coinbase purchased $150 million in crypto, “predominantly bitcoin,” bringing its long-term investment portfolio to $1.3 … Read more
