CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
CoinDesk 20 Index Rises to 3238.87 with AAVE Leading Gains
The CoinDesk 20 Index updates the market performance, currently at 3238.87, reflecting a rise of 1.3% (+41.2) since Thursday at 4 p.m. ET.
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Ripple and SEC Settlement Request Rejected by Federal Judge
A federal judge has denied a request from Ripple Labs and the U.S. Securities and Exchange Commission (SEC) for a $50 million settlement. U.S....
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Wisconsin Investment Board Exits Entire $350M Spot Bitcoin ETF Position
The State of Wisconsin Investment Board (SWIB) fully exited its position in BlackRock’s iShares Bitcoin Trust (IBIT) in Q1 2024, following a 12%...
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Ether Rally Driven by Short Covering, Not New Bullish Demand
Ether's recent rally is largely attributed to short covering, rather than new bullish positions. Key points include:
Short covering involves...
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Analysts Call Market Reaction to Coinbase Hack 'Overblown' Amid SEC Probe
Coinbase (COIN) shares fell 7.2% following a data breach and an SEC investigation announcement, with intraday losses nearing 9%. Analysts from...
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Fintechs and Funds Increase Bitcoin Holdings Amid Market Pause
The global crypto corporate-adoption trend continues despite a temporary pause in the bitcoin and crypto market, signaling potential for future...
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Bitcoin Bulls Confront $120 Million Resistance to Extend Uptrend
Bitcoin (BTC) is facing a $120 million resistance challenge as it aims to continue its "stair-step" uptrend. Key points include:
BTC has risen...
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DOJ Charges 12 Individuals in $263 Million Crypto Theft Case
The U.S. Department of Justice (DOJ) charged 12 individuals with stealing over $263 million in cryptocurrency. This group is connected to a prior...
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FTX to Distribute Over $5 Billion to Creditors Starting May 30
FTX creditors will receive over $5 billion starting May 30 as part of the recovery plan.
The estate will distribute funds to four classes of...
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XRP Drops 4% While Bitcoin Faces Resistance at $105,000
XRP declined over 4% in the last 24 hours, leading losses among major cryptocurrencies. The crypto market's total capitalization fell 2% to $3.3...
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DOJ Drops One Charge Against Tornado Cash Developer Roman Storm
The U.S. Department of Justice (DOJ) will drop part of a charge against Tornado Cash developer Roman Storm, following a recent policy memo. Key...
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Dave Portnoy Claims Meme Coins Are Unsustainable and Like Gambling
Dave Portnoy, founder of Barstool Sports, expressed skepticism about the longevity of meme coins during a discussion at Consensus 2025. Key points...
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Bitcoin Stabilizes Above $100K While Altcoins Decline Amid Profit-Taking
The crypto market paused on Thursday as traders took profits after a strong rally. Key points include:
Bitcoin price fluctuated, dropping to...
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PayPal Executive Advocates for Bank Involvement in Stablecoin Development
During Consensus 2025 in Toronto, Jose Fernandez da Ponte of PayPal emphasized the importance of banks in the success of stablecoins. Key points...
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Coinbase Faces $400 Million Remediation Costs Following Data Breach
Ari Redbord, global head of policy at TRM Labs, highlighted Coinbase's response to a recent hack as a model for other exchanges. He emphasized the...
