XRP slipped toward the $2 mark in early U.S. hours Friday as social sentiment around the token deteriorated sharply, with new data from analytics firm Santiment showing the deepest stretch of bearish commentary since October. The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside…
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 2903.22, down 1.5% (-45.1) since 4 p.m. ET on Thursday. One of 20 assets is trading higher. Leaders: BCH (+0.5%) and ETH (-0.4%). Laggards: APT (-5.5%) and ICP (-4.9%)….
Not waiting until what’s become its customary plunge time of Sunday evening, bitcoin BTC$89,602.80 is getting an early start to the weekend this holiday season, continuing an overnight tumble and slipping back to $90,000 in early U.S. trading hours. The move reverses much of the bounce from last Sunday night’s panicky drop that pushed bitcoin…
A sprawling crypto-investment fraud network that stole and laundered more than 700 million euros ($815 million) has been dismantled following coordinated raids across Europe. The criminal group ran a slew of fake crypto-trading platforms that promised high returns through slick marketing campaigns, Europol announced on Thursday. Victims, drawn in by “sophisticated” ads, were funneled into…
Stablecoins have had their ups and downs, but it’s clear they’re one of crypto’s biggest success stories so far. While Bitcoin may garner more of the headlines thanks to its constant ups and downs, stablecoins have emerged as the chief workhorse of the decentralized finance ecosystem, helping to shift more than $275 trillion worth of…
The Bank of Japan is preparing to raise interest rates at its December policy meeting, a shift that would lift the country’s benchmark rate to its highest level since 1995 and potentially reverberate through global risk markets, including crypto. People familiar with the matter told Bloomberg that policymakers are leaning toward a 25-basis-point hike to…
Crypto asset management firm CoinShares (CS) said the digital asset treasury (DAT) bubble has largely burst, with some firms that traded at 3x to 10x their market net-asset value (mNAV) in summer 2025 now back to about 1x or below, in a sharp reset for a trade that once priced token treasuries like a growth…
Monet Bank, a small Texas community bank owned by a billionaire political supporter of President Donald Trump, has stepped into the field of crypto lenders, billing itself as an “infrastructure bank” with a focus on digital assets. “Monet is focused on being the premier digital asset financial institution, providing innovative and forward-facing solutions for the…
The two largest publicly traded companies holding bitcoin, Strategy (MSTR) and MARA Holdings (MARA), have each fallen roughly 40% over the past six weeks. CoinDesk Research has extensively covered the MSTR correction, but MARA, which is down 55% year over year, is also attracting attention as some investors view it as inexpensive at current levels….
U.S. federal prosecutors are seeking a 12-year prison sentence for Do Kwon, the founder of Terraform Labs, the firm behind the algorithmic stablecoin UST that imploded spectacularly more than three years ago. The request, filed on Thursday to the judge of Southern District of New York, comes after Kwon pleaded guilty earlier this year. He…
