CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ethereum Celebrates 10th Anniversary Amid Calls to Overcome Blockchain Trilemma
Decentralized systems have historically faced challenges in scaling, but advancements in blockchain technology are addressing these issues. As...
NFT Market Decline Continues Despite Recent Activity and Sales
The NFT market has faced significant downturns since its peak in 2021, with trading volumes plummeting drastically. Key points include:
Trading...
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BONK Rallies 6% Amid Rising Solana NFT Trading Activity
BONK increased by 6%, reaching $0.000036 after earlier declines. The meme coin traded within a 12% range, between $0.00003276 and $0.00003670,...
PayPal Expands Crypto Payment Options for U.S. Merchants to Reduce Fees
PayPal is launching a service allowing U.S. merchants to accept over 100 cryptocurrencies, aimed at reducing cross-border fees. Key points include:
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Plasma Closes $373 Million Public Token Sale Exceeding Initial Target
Plasma, a stablecoin-focused blockchain, has completed its public token sale, raising $373 million, significantly exceeding its $50 million target.
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Ether Treasury Firms Shift Focus to Yield-Generating Strategies Amid Risks
Ether treasury strategies are evolving, with firms treating ETH as yield-generating capital rather than merely a reserve asset. Key developments...
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Bitcoin Volatility Expected to Rise Amid August VIX Seasonal Patterns
Seasonal patterns in the Cboe Volatility Index (VIX) indicate potential increased volatility for Bitcoin (BTC) as Wall Street approaches August. Key...
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DeFi Sector Achieves Three-Year High of $153 Billion in TVL
The decentralized finance (DeFi) market reached $153 billion, marking a three-year high, driven by ETH's rise towards $4,000 and strong inflows into...
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CoinDesk 20 Index Up 5% with AVAX Leading at 16.2% Gain
The CoinDesk 20 Index is currently at 4105.18, reflecting a 5.0% increase (+194.55) since Friday at 4 p.m. ET.
Key points:
All 20 assets in the...
Analyst Predicts ETH Could Reach $13,000 by Q4
A crypto analyst known as "Wolf" predicts that ETH could reach $13,000 in Q4 2023, with a conservative target above $8,000. He expects a sharp...
Bitcoin Mining Profitability Increased 5.3% in June Amid Hashrate Drop
Bitcoin (BTC) mining profitability rose by 5.3% in June, driven by a 1.2% increase in BTC price and a 6.7% decrease in network hashrate. Key points...
Grove Expands to Avalanche Network With $250 Million Credit Investment
Grove, a credit protocol in the Sky ecosystem, is expanding to the Avalanche network with plans to allocate up to $250 million into tokenized credit...
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MetaMask Partners with Aave to Enable Stablecoin Yield for Users
MetaMask has partnered with Aave to introduce a feature called Stablecoin Earn, enabling users to earn interest on stablecoins like USDC, USDT, and...
Mill City Ventures to Initiate $450 Million Crypto Treasury Strategy with SUI
Mill City Ventures III is pivoting into cryptocurrency with a $450 million private placement aimed at funding a new treasury strategy focused on...
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Zodia Markets Secures $18.25 Million for Expansion and Stablecoin Services
Zodia Markets, a crypto trading firm majority-owned by Standard Chartered, has secured $18.25 million in Series A funding led by Pharsalus Capital.
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