The U.S. Federal Reserve took a first step toward establishing a more limited version of its so-called master accounts, welcoming input on how the central bank might formulate “payment accounts” that would grant access to its payment rails without firms having to jump through the considerable hoops that would grant fuller services. The Fed said…
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…
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…
U.S. Senator Cynthia Lummis, who has arguably been the closest friend to the crypto sector in Congress, won’t seek another term, she said in a statement on Friday. The first-term lawmaker will call it quits after her six-year term ends in January 2027, leaving a Republican seat open in extremely red Wyoming, but also removing…
Bitcoin bulls are putting up a fight on Friday to break this week’s choppy action that has capped all advances at around $90,000. Source link
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…
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…
The cryptocurrency industry is ever-growing and ever-changing, and it’s difficult to summarize the year’s zeitgeist with 50 names alone. To wrap up CoinDesk’s Most Influential 2025 series, we’re giving an honorable mention to a final slate of nominees, recognizing stories that really took off in the closing months of the year or who were on…
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$88,036.37 rose above $88,000 even after the Bank of Japan increased interest rates to the highest in nearly 30 years, a move that would have been expected to strengthen the yen and make the carry trade less attractive. Instead, the currency weakened on concerns the…
The bankruptcy court-appointed administrator of the Terraform Labs collapse is suing Jump Trading, accusing the high-speed trading company of illegally profiting from and contributing to the $40 billion crash, according to the Wall Street Journal. Todd Snyder, tasked with winding down what remains of the crypto empire, is seeking $4 billion in damages from the…
