Binance founder Changpeng Zhao (CZ) says Sam Bankman-Fried asked him for “a couple of billion dollars nonchalantly, as if he were asking for a bologna sandwich” during the phone call that preceded Binance’s attempt to acquire FTX in November 2022, and that he never had any intention of going through with it. “I didn’t have…
Former Biden economic advisers Ryan Cummings and Jared Bernstein would have you believe the decline in bitcoin’s price from its 2025 peak somehow vindicates their administration’s approach to cryptocurrency. A masterclass in selective memory, their February 26 New York Times opinion piece omits the most consequential fact about Biden-era crypto policy: it was not a…
A cryptocurrency venture tied to U.S. President Donald Trump is facing fresh scrutiny after partnering with a firm whose “flagship project” had recently involved individuals later sanctioned by the U.S. and U.K. WLFI$0.09576, a crypto business co-founded by Trump and partly owned by his family, said it carried out due diligence before integrating its USD1…
Risk markets, including bitcoin BTC$69,371.61, staged a late-day rally Tuesday after Axios reported Iran’s positive reception to Pakistan’s request for a two-week ceasefire. “The President has been made been aware of the proposal, and a response will come,” said White House Press Secretary Karoline Leavit, when asked about the report. Under heavy pressure earlier in…
The U.S. Federal Deposit Insurance Corp. formally proposed its approach to stablecoin issuers as one of the federal financial regulators required to write and oversee rules under last year’s Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The FDIC’s proposal —meant to align closely with what its sister banking agency, the Office of…
The Solana Foundation is taking a deliberately contrarian approach to crypto marketing in San Francisco, rolling out a billboard campaign that reads: “Don’t waste time with crypto.” At first glance, the message may seem a bit confusing as a crypto foundation is saying not to waste time with crypto. But according to the Solana Foundation,…
Americans reported $11.4 billion in losses tied to cryptocurrency scams last year, 22% more than in 2024, highlighting the growing scale of digital asset fraud, an FBI report revealed Tuesday. “Cryptocurrency investment scams are sophisticated long-term scams using psychological manipulation, the appearance of legitimacy, and exploitation of cryptocurrencies to deceive victims into investing large sums…
Crypto investors who once turned to decentralized finance for easy passive income through juicy yields are running into a new reality: the numbers no longer add up. DeFi, or onchain finance, is essentially conducting banking transactions on a blockchain, cutting out middlemen like banks and letting investors borrow, lend, and trade in minutes. Back in…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1917.55, down 2.4% (-47.87) since yesterday’s close. All 20 assets are trading lower. Leaders: BCH (-1.0%) and CRO (-1.0%). Laggards: AAVE (-8.5%) and AVAX (-7.6%). The CoinDesk 20 is…
After topping $70,000 on Monday, bitcoin BTC$68,380.60 has pulled back to the $68,000 area as time draws near for President Trump’s Tuesday deadline for Iran to reopen the Strait of Hormuz. “A whole civilization will die tonight, never to be brought back again,” said Trump in a Tuesday morning Truth Social Post. “I don’t want…
