Meta (META) may be pulling back even further from the metaverse it once bet its future on. Executives are discussing budget cuts of up to 30% at the company’s metaverse division in 2026, according to a Bloomberg report citing people familiar with the talks. The unit includes Horizon Worlds, Meta’s social virtual reality (VR) platform,…
MoneyGram has tapped Fireblocks to bring stablecoin-powered payments and real-time treasury tools to its global network, the firms said on Thursday. The payments company, which processes transfers across more than 200 countries, will use Fireblocks’ digital asset infrastructure to improve its internal operations and settlement flows. That includes enabling stablecoin transfers across multiple blockchains, streamlining…
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 2985.74, down 0.5% (-14.24) since 4 p.m. ET on Wednesday. Five of 20 assets are trading higher. Leaders: AVAX (+1.8%) and NEAR (+1.3%). Laggards: HBAR (-3.9%) and BCH (-3.2%)….
By Omkar Godbole (All times ET unless indicated otherwise) Move over crypto-USD pairs. As bitcoin BTC$92,650.75 and the broader market consolidate on recent gains, this may be the ideal time to focus on cross pairs, especially the ether-bitcoin (ETH/BTC) ratio. Ether ETH$3,165.61 has gained more than 4% over the past 24 hours, approaching $3,200, while…
Entrée Capital unveiled a $300 million funds for investing in early stage crypto and Web3 infrastructure, a move that underscores the accelerating institutional appetite for blockchain systems that interact seamlessly with modern technology stacks. The fund will target investments from pre-seed through Series A, backing founders building the foundational layers for mainstream Web3 adoption, the…
Binance founder Changpeng “CZ” Zhao announced a new BNB Chain prediction market this week in a post on X highlighting predict.fun, a platform built by a former Binance employee that allows user funds to earn yield while positions remain open. The new market enables users to place bets while earning passive income on idle funds….
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin Bitcoin’s BTC$93,040.65 30-day implied volatility index (BVIV) has contracted sharply to 48, decisively breaking below the bullish trendline established since the September lows. This breakdown signals a dissipation of panic and the potential for further volatility compression. BVIV’s daily…
Chainlink’s native token LINK rallied Wednesday7% over the past 24 hours, outpacing the broader crypto market as traders responded to the debut of the first U.S.-listed spot Chainlink ETF. The Grayscale Chainlink Trust ETF (GLNK), converted from a closed-end fund and traded on NYSE Arca, brought in $37 million in net inflows on its first…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. A new CryptoQuant report suggests that Strategy is quietly preparing for a…
Ethereum activated its highly anticipated “Fusaka” upgrade on Wednesday, marking the blockchain’s second major code change of 2025. The update is designed to help Ethereum handle the increasingly large transaction batches coming from the layer-2 networks that settle on top of it. The Fusaka upgrade, also sometimes called a “hard fork”, was triggered at 21:49…
