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...
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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 1
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....
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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...
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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...
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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...
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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.
...
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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...
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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...
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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...
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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...
