CoinDesk 20 performance update: Stellar (XLM) jumps 10% while index declines
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
Digital Assets
The great rotation: Investors desert the Magnificent 7, crypto for AI bottlenecks
The best-performing stocks of the past decade are coming under pressure as investors question the enormous cost of the AI arms race and rotate into new fields with stronger momentum.
Alchemy's AI-driven identity and payment service gains access to Visa network
Blockchain infrastructure firm Alchemy said AI agents with its AgentCard now have access to the Visa (V) network with complete identity and payment capabilities, enabling them to make online purchases…
Bitcoin's nemesis, the Dollar Index, is on the verge of a major breakout
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Buying bitcoin below its 200-week average has historically delivered over 100% in median returns, Kraken says
That level is the 200-week simple moving average (SMA), which represents the token's average price over that period, providing traders with a clear glimpse of the long-term trend while cutting through…
The bond market is flashing a clear signal on interest rates. Bitcoin bulls should take note
Something has drastically shifted in the bond market, and it's offering negative cues to risk assets, including bitcoin
Bitcoin, ether slide after a hawkish Fed, even as Trump's signed Iran deal lifts stocks
Crypto fell across the board on Thursday, shrugging off a signed Iran peace deal that lifted stocks, after the Federal Reserve held interest rates but made clear it is more worried about inflation tha…
Live markets: Bitcoin and ether ETFs lost $111 million combined as rate-cut hopes died
US spot bitcoin and ether ETFs both turned to outflows on Wednesday in a sign the recovery rally has lost its institutional bid.
XRP slips 4% below $1.20 after breakout rally stalls near key resistance
XRP's push toward $1.25 ran into the same problem that has capped every rally since the spring selloff: sellers waiting overhead. After briefly trading above $1.22, the token lost the $1.20 level on h…
CME chief executive says company plans to sue CFTC after perpetual futures approval
CME Chief Executive Terrence Duffy said the derivatives provider planned to sue the U.S. Commodity Futures Trading Commission (CFTC) after it approved perpetual futures products earlier this month.
Strategy's STRC preferred stock hits a record low below par
A preferred stock that Strategy (MSTR) uses to help fund its bitcoin buying has fallen to a record low, constricting one of the company's funding channels.
Next bull run will be slower, less volatile as investors' crypto appetite evolves, Bitwise CIO says
Any recovery in the crypto market is likely to take longer than traders expect because Wall Street investors and advisory firms are now focusing on real-world applications, such as tokenization, and a…
Kentucky targets prediction markets, puts red state in potential clash with Trump team
Kentucky's attorney general has sued leading prediction market firms Kalshi and Polymarket, accusing them of offering illegal sports betting without a license, adding its name to the growing list of s…
Here is how Coinbase plan to survive the crypto downturn by ditching its reliance on trading fees
Coinbase's (COIN) latest product launch event may not have changed Wall Street's near-term earnings forecasts, but it reinforced a growing belief among analysts that the crypto exchange is steadily tr…
FIFA wanted Avalanche's blockchain to help curb World Cup ticket scalping. Here's how it's going
Welcome to The Protocol, CoinDesk’s tech newsletter covering the most important stories in blockchain. I’m Margaux Nijkerk, a reporter at CoinDesk.
Fidelity joins Wall Street's race to manage stablecoin reserves
Fidelity Investments is the latest Wall Street firm seeking a role in one of the fastest-growing corners of digital assets: managing the reserves that back stablecoins.
Fed holds rates steady in first decision under new Chairman Kevin Warsh
The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, a move markets had expected nearly unanimously.
Crypto industry aghast at Illinois' new tax on holding or transferring digital assets in state budget
The crypto industry is pushing back against a new tax law in the state of Illinois that enacts a 0.2% tax on businesses transacting or storing crypto for customers in the state, but it may be too late…
Bitcoin layer-2s face a bear-market reality check
When Botanix announced last week that it would be winding down operations, the Bitcoin layer-2 project did not try to sugarcoat its message.
BitGo stock surges on $50 million share buyback as value languishes 65% below IPO price
Crypto infrastructure provider BitGo's (BTGO) shares jumped as much as 20% on Wednesday after the company announced a $50 million share buyback program to support a stock that has struggled since its …
Crypto Long & Short: The measure of a maturing market
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Moody’s rolls out credit ratings on Solana in tokenized asset push
Moody's Ratings is rolling out its credit ratings to Solana (SOL), allowing issuers of tokenized bonds and other fixed-income securities to embed the firm's assessments directly into blockchain-based …
Kevin Warsh's first Fed meeting could be more about communication than rates
Federal Reserve Chair Kevin Warsh is heading the central bank's two-day policy meeting, concluding this afternoon, with investors looking beyond the interest-rate decision itself for clues about how h…
A new Bittensor proposal would turn validators into something like fund managers
A new proposal for Bittensor, the decentralized AI network behind the TAO token, would change how the network pays its validators and turn them into something closer to fund managers.