Most Influential: Jeff Yan

Jeff Yan rarely speaks in public, avoids social media, and has never taken venture capital money. But in 2025, few individuals have had a bigger influence on the shape of decentralized finance (DeFi) and the crypto space itself. This feature is a part of CoinDesk’s Most Influential 2025 list. Yan is the founder of Hyperliquid, a…

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Citi defends crypto stocks despite market downturn, with CRCL, BLSH and COIN as top picks

Wall Street bank Citigroup refreshed its digital-assets stock coverage to reflect recent across-the-board declines in crypto, but remains constructive on the sector. “Despite recent token volatility, we remain bullish on digital assets stocks,” wrote analysts led by Peter Christiansen, in a Friday report. Issuer of the USDC stablecoin, Circle Financial (CRCL) remains Citi’s top pick,…

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Polkadot’s DOT holds steady with token unchanged over 24 hours

DOT$1.8411 was unchanged over the last 24 hours, with the token trading at $1.85. The token’s trading volume was 55% above 30-day averages, as smart money flows into DOT accelerated during the session, according to CoinDesk Research’s technical analysis model. DOT tracked broader crypto momentum rather than token-specific catalysts. The broader market gauge, the CoinDesk…

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Foundation behind restaking protocol EigenLayer plans bigger rewards for active users

The foundation behind restaking protocol EigenLayer has proposed a governance change to introduce new incentives for the EIGEN token, focusing on productive network activity and fee generation. Under the plan outlined in a recent blog post, a cornerstone of the proposal is the introduction of a fee model that channels revenue from Actively Validated Services…

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SBF’s cohorts at FTX take last SEC hit, Ellison banned from company roles for decade

Three of the top former executives at FTX and its affiliates have accepted final punishments from the U.S. Securities and Exchange Commission as the agency resolves its enforcement cases connected to the exchange’s collapse, the SEC said in a litigation notice on Friday. As former CEO Sam Bankman-Fried continues his federal prison sentence on his…

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Bitcoin price could hit $143,000 in a year, Citi says, citing ETF and regulatory tailwinds

Amid the recent bearish price action, the headline on Citigroup’s 12-month outlook for bitcoin BTC$87,257.10 of $143,000 — or about 62% upside from the current $88,000 — will raise some eyebrows. “We forecast increased adoption of digital assets, spurred by potential U.S. digital-asset legislation in the second quarter, with bitcoin likely ranging into the new…

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