CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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Pi Network Launches Native Token with $195 Billion Fully Diluted Value
Pi Network launched its native PI token on Thursday, experiencing significant price volatility:
The token debuted at $1.70 and peaked at $2.00...
6 0
BitGo and Copper Launch Off-Exchange Settlement for Deribit Traders
BitGo and Copper are offering off-exchange settlement for traders on the Deribit options exchange. Key points include:
Traders can now securely...
10 2
Bitcoin Traders Deleverage Following Fed's Steady Rate Outlook
Crypto traders are reducing leverage following the FOMC minutes indicating the Fed's intention to maintain steady rates until inflation improves....
6 0
Nigeria Sues Binance for $81.5 Billion in Economic Losses
Nigeria's Federal Inland Revenue Service (FIRS) is suing Binance for:
$79.5 billion in economic losses
$2 billion plus interest in back taxes
This...
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Deribit Continues Acquisition Talks with Kraken Despite Earlier Reports
Deribit, a cryptocurrency options exchange, is still in discussions with Kraken regarding a potential acquisition. This follows earlier reports...
6 0
LIBRA Memecoin Incident Results in $251 Million Loss for Investors
The LIBRA memecoin incident in Argentina resulted in substantial losses for investors, with research from Nansen indicating the following:
86% of...
12 0
LayerZero to Integrate with Bitcoin Sidechain Rootstock for Enhanced Connectivity
LayerZero plans to integrate with Bitcoin sidechain Rootstock, marking its first connection with the Bitcoin blockchain. This integration aims to...
MANTRA Launches RWAccelerator for Real-World Asset Startups with Google Cloud
Layer 1 blockchain MANTRA has launched the RWAccelerator program, focused on tokenizing real-world assets (RWAs), with support from Google Cloud.
...
8 0
Metaplanet Accumulates 2,100 Bitcoin and Raises $20 Million in Capital
Metaplanet has accumulated 2,100 bitcoin (BTC), representing 0.01% of the total BTC supply of 21 million. The company purchased 68.59 BTC for...
5 0
SecondSwap Launches Mainnet on Ethereum, Plans Expansion to Solana
SecondSwap launched its mainnet on Ethereum to enhance trading for illiquid assets by eliminating intermediaries and establishing fair token values....
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CoinDesk Indices Launches Memecoin and CoinDesk 100 Index Products
CoinDesk Indices introduced two new index products targeting institutional investors at Consensus Hong Kong. The offerings include:
CoinDesk...
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Memecoin Trading Decline Signals Shift Towards Market Maturation, Says Nic Carter
Nic Carter of Castle Island Ventures declared the era of memecoins as a fair trading opportunity over. His analysis highlights key points:
...
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Bitcoin Faces Potential Drop to $86,000 Amid Weak Demand and Activity
Bitcoin has rebounded from a dip to $93,000, but analysts from CryptoQuant warn of potential further decline to $86,000 due to:
Waning demand...
14 0
Story Protocol Launches Intellectual Property-Focused Blockchain and $IP Token
Key updates from the cryptocurrency sector include:
Story Protocol Launch: Story Protocol has launched an IP-focused blockchain, allowing...
14 2
Crypto Industry Urges Congress to Repeal IRS DeFi Broker Rule
Major players in the crypto industry, including Coinbase, a16z, and Kraken, signed a letter urging Congress to eliminate a U.S. tax policy impacting...
