Crypto for Advisors: Bitcoin: planning for inheritance
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Bitcoin likely to fall another 30% to $44,000 by year-end, prominent BTC miner says
The forecast, made in Chinese on X, puts the low some 30% below bitcoin's current level near $60,700, and rests less on the cryptocurrency's performance than on Strategy, the largest corporate holder of the token, accor…
Read more →Kraken sues crypto derivatives firm PowerTrade over 'misappropriated' funds claim
Payward, the parent company of cryptocurrency exchange Kraken, has taken legal action against PowerTrade, a high-leverage derivatives platform based in the U.A.E., claiming the firm’s founders misappropriated $7.2 milli…
Read more →CoinDesk 20 performance update: AAVE gains 10.1% as index rises
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
Read more →Uniswap, Spark aim to build stablecoin FX market as banks, fintechs enter the industry
Uniswap (UNI) and Spark are betting that as the number of stablecoins grow, the market will need the equivalent of a foreign-exchange network to move liquidity between issuers.
Read more →Post-prison CZ says time behind bars didn't hurt the billionaire's business after Binance
How does a high-profile crypto founder recover his reputation after serving prison time? Changpeng "CZ" Zhao's answer: He doesn't have to.
Read more →SBI to Acquire Bitbank in $289 Million Deal
Japanese financial group SBI will acquire crypto exchange Bitbank for Â¥46.7 billion ($289 million). After the transaction closes, Bitbank will become an SBI subsidiary, and the combined group’s crypto assets under cust…
Read more →Circle and Nomura join forces to target a $440 billion daily foreign exchange market in Japan
Boston-based stablecoin issuer Circle Internet Financial announced a partnership on Thursday with Japanese financial conglomerate Nomura Holdings to launch a digital asset settlement business. The firms plan to deploy a…
Read more →Bitcoin derivatives signal panic. A weak core PCE reading could trigger snapback.
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Read more →CoinEx denies claims it served as $3.84 billion gateway to sanctioned Iranian crypto firms
Blockchain intelligence firm TRM Labs said CoinEx served as a gateway for the crypto sector in Iran, having traced more than $3.84 billion in flows between the exchange and sanctioned Iranian entities in the last seven …
Read more →Crypto relief rally fails to shake persistent bearish derivatives signal
The largest cryptocurrency remains at a critical level in terms of broader market structure. A potential break lower in price could trigger a slide to around $52,000. For now, it appears to have weathered the storm.
Read more →Bitcoin supply in loss reaches record high 10.83 million BTC
The largest cryptocurrency has tested the $60,000 level repeatedly since February, briefly falling below it several times. Four months ago, the supply in loss peaked at 9.8 million BTC. It climbed to 10.78 million in ea…
Read more →Micron delivers blowout earnings, surges 16% and deals crypto bulls a blow
Computer memory chipmaker Micron Technology (MU) delivered blowout Q3 earnings on Wednesday, lifting the entire AI memory sector, AI-related stocks and even giving crypto a slight boost.
Read more →Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry
The max pain level for this expiry stands at $72,000, significantly above current spot prices of around $61,700. On Friday at 8:00 ET, options worth $10 billion will expire on Deribit, the world's largest crypto options…
Read more →Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going
Bitcoin dropped to $59,175 overnight, its lowest point since early June, before recovering to about $61,500 by Thursday morning, per CoinDesk data. Nearly $1 billion worth of futures positions were liquidated across cry…
Read more →MemeCore's M token suddenly crashes 80% with no clear trigger
Blockchain project MemeCore's M token collapsed about 74% over 24 hours, sliding from a high near $2.92 to as low as $0.51 before steadying around $0.74, with no exploit, hack or announcement to account for the drop.
Read more →Ripple's RLUSD stablecoin goes live in Japan after regulatory approval
Ripple's dollar-backed stablecoin RLUSD is now greenlit for usage in Japan after clearing the country's financial regulator, giving the token entry into one of Asia's most tightly regulated crypto markets.
Read more →Bitcoin has a new line in the sand. Thursday’s core PCE could stress test it.
That level is $59,000, which has emerged as strong support, capping downside moves in recent days.
Read more →XRP slides 2.8% as weak bounce keeps $1 support in focus
XRP lost $1.0850 during Tuesday’s selloff, then failed to win it back. That leaves the token sitting near the lower end of its June range, with buyers still defending the $1.05-$1.07 area but no longer pushing price far…
Read more →Bitcoin back above $60,000, ETH, SOL recoup losses as AI stocks stage rebound
Crypto sold off hard this week, with bitcoin breaking below $60,000 even as the technology stocks that had dragged it down came roaring back.
Read more →Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish
Welcome to The Protocol, CoinDesk’s tech newsletter covering the most important stories in blockchain. I’m Margaux Nijkerk, a reporter at CoinDesk.
Read more →Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket
Kalshi is seeking to raise fresh capital at a valuation of about $40 billion, nearly doubling the $22 billion valuation it targeted in its previous funding round, according to a Financial Times report citing people fami…
Read more →Binance withdraws Greek MiCA bid but vows to remain in Europe
Binance has withdrawn its application for a Markets in Crypto-Assets (MiCA) license in Greece and will seek authorization in another European Union country, the crypto exchange said Wednesday via several X posts.
Read more →Bitcoin falls to $60,000 as AI trade continues to draw investor interest and capital
Also continuing to lose ground on Wednesday were gold and oil, each falling below key levels — gold $4,000 per ounce and oil $70 per barrel.
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