CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

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Tether Launches AI Initiative with $25 Billion Investment in Tether.AI

Tether plans to enter the $25 billion crypto artificial intelligence sector, as announced by CEO Paolo Ardoino. Key details include: Tether...

Ether-Bitcoin Ratio Squeeze Signals Imminent Volatility Ahead of Upgrade

Traders should monitor the ETH/BTC ratio, which is poised for significant volatility due to a Bollinger Bands squeeze. Key points include: ...

Donald Trump Denies Profiting from TRUMP Token Amid Market Activity

Donald Trump denies profiting from the TRUMP memecoin, which launched before his inauguration. Key points include: Chainalysis reported the TRUMP...

Solana Identifies and Fixes Vulnerability in Token System Security

The Solana Foundation has identified a vulnerability in its privacy token system that could permit unauthorized minting or withdrawals of tokens...

Kyrgyzstan to Launch Gold-Backed Stablecoin USDKG in Third Quarter

Kyrgyzstan will launch the Gold Dollar (USDKG), a gold-backed stablecoin pegged 1:1 with the U.S. dollar, in Q3 2023. Key details include: Backed...

Dubai Family Office to Invest $8.8 Billion in Maldives Crypto Hub

The Maldives plans to establish a blockchain-focused financial hub, aiming to diversify its economy away from tourism and fisheries. Key points...

Bitcoin Trades Steady Above $94,000 Amid U.S.-China Trade Deal Discussions

Bitcoin (BTC) opened the week steady above $94,000 as traders awaited updates on U.S.-China trade negotiations. The CoinDesk 20 index fell by 1.5%,...

$300K Bitcoin Call Option Becomes Second-Most Popular Bet for June Expiry

In the crypto market, significant option plays are emerging, notably the $300,000 strike bitcoin call option expiring on June 26. Key details...

'10x Money Multiplier' Could Boost Bitcoin Price by $42,000

Publicly traded companies are increasingly adopting Michael Saylor's strategy of purchasing bitcoin, boosting their stock prices and enriching...

Gold-Backed Cryptocurrency Minting Reaches Three-Year High Amid Central Bank Slowdown

The gold market is experiencing a notable shift in activity: Central bank buying has slowed, while demand for exchange-traded funds (ETFs) and...

Freight Technologies to Acquire $20 Million in Official Trump Tokens

Freight Technologies (FRGT), a logistics tech firm with a market cap of $4.8 million, plans to purchase up to $20 million in the Official...

Arizona Governor Vetoes Bill to Establish Bitcoin Reserve for State

Arizona will not invest in bitcoin this year after Governor Katie Hobbs vetoed Senate Bill 1025. Key points include: The bill aimed to use seized...

Tether CEO Warns of Bank Failures Due to EU Deposit Protections

Tether CEO Paolo Ardoino warns of potential bank failures in Europe due to risky lending practices and new cryptocurrency regulations. Key points...

CME Group Reports 129% Increase in April Cryptocurrency Derivatives Volume

CME Group reported a significant increase in its cryptocurrency derivatives market in April, achieving an average daily volume (ADV) of 183,000...

IRS Directors of Digital Assets Accept Deferred Resignations Amid Layoffs

The IRS has seen significant changes, with two directors involved in digital assets leaving after accepting deferred resignations alongside over...
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