CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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David Sacks Divested From Bitwise Before Trump's Crypto Reserve Announcement
David Sacks, a key figure in Donald Trump’s administration for crypto and AI, faces scrutiny over potential financial gains from Trump's proposed...
El Salvador's President Bukele Confirms Ongoing Bitcoin Purchases Despite IMF Deal
El Salvador, under President Nayib Bukele, continues to accumulate bitcoin (BTC) despite International Monetary Fund (IMF) restrictions. Key points...
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SEC Drops Enforcement Case Against Cumberland DRW Following New Leadership
The U.S. Securities and Exchange Commission (SEC) has decided to drop its enforcement case against Cumberland DRW, the crypto trading arm of DRW, as...
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Bitcoin Climbs Nearly 10% as Nasdaq Moves into Positive Territory
On Tuesday, risk markets saw a significant reversal as bitcoin surged nearly 10% from its lowest point, trading above $88,000. The Nasdaq index...
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Blockstream to Launch Three Investment Funds Focused on Crypto Lending
Blockstream is launching three investment funds, including two focused on crypto lending. The funds include:
A fund underwriting Bitcoin-backed...
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FalconX Head of Trading Brian Strugats Departs from Company
Brian Strugats, head of trading at cryptocurrency prime broker FalconX, has departed from the company as noted in an internal memo.
Key points:
...
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SBI VC Trade Receives Approval to Offer USDC as Japan's First Dollar Stablecoin
SBI VC Trade, a subsidiary of SBI Holdings, received regulatory approval as an Electronic Payments Provider in Japan. This approval, from the Japan...
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President Trump Expected to Approve Resolution Rescinding IRS Crypto Rule
The White House is likely to approve a Congressional resolution aimed at rescinding an IRS rule affecting decentralized finance (DeFi), as...
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Congressional Crypto Caucus Formed to Support U.S. Cryptocurrency Innovation
The United States maintains its leadership in global innovation, particularly in cryptocurrency, which promotes individual financial ownership and...
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Bank of Israel Proposes Design for Multipurpose Digital Shekel
The Bank of Israel has proposed a design for a potential central bank digital currency (CBDC), referred to as the digital shekel (DS). Key points...
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8 Reasons Against Establishing a U.S. Strategic Crypto Reserve
A discussion emerges around the implications of the U.S. government potentially acquiring Bitcoin and other cryptocurrencies as part of a Crypto...
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Portofino Technologies Plans Office Openings in New York and Singapore
Portofino Technologies, a Switzerland-based crypto market maker, plans to expand its operations significantly by 2025. Key developments include:
...
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Ether Position Worth $126 Million Nears Liquidation Amid Market Plunge
An ether (ETH) position valued over $126 million nearly faced liquidation during a market decline. ETH has dropped 22% in 48 hours, currently...
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Treasury Yields Drop Amid Market Turmoil, Raising Hopes for Crypto Recovery
Crypto markets are under pressure due to a speculative bubble in memecoins and a risk-off sentiment in traditional finance. The U.S. stock market...
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CoinDesk 20 Index Falls 3.9% as SUI Drops 11%
The CoinDesk 20 Index is currently at 2684.39, a decrease of 3.9% (-109.08) since Monday at 4 p.m. ET.
Key performers:
Leaders: HBAR up 4.2%,...
