Bitcoin miner American Bitcoin (ABTC) reported a third-quarter profit and said revenue more than doubled from the year-earlier period as it expanded its mining capacity and completed its first full quarter as a publicly traded company. Net income at the Miami-based company 20% owned by Donald Trump Jr. and Eric Trump rose to $3.47 million,…
XRP faced intense selling pressure at key support levels before a dramatic, high-volume V-shaped reversal signaled potential exhaustion of downward momentum. News Background The decline unfolded against a backdrop of mixed institutional signals and heightened macro uncertainty. Crypto markets remain trapped in a medium-term downtrend, with sentiment pinned in the fear zone as volatility spikes…
Both major meme-assets traded through high-velocity volatility windows, with Dogecoin rebounding sharply from a heavy-volume flush while Shiba Inu broke key support before staging an aggressive intraday reversal. News Background Broader crypto markets continued their risk-off rotation as sentiment remained pressured by AI-bubble concerns, $800M in Bitcoin ETF outflows, and tightening liquidity across speculative assets….
BitMine Immerision (BMNR), the largest corporate holder of ether ETH$3,202.82, said on Friday it has appointed Chi Tsang as its new chief executive officer, succeeding Jonathan Bates, who led the company from its early days through its listing on the NYSE American. Shares are lower by 3.4% premarket alongside a continuing slide in crypto 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 3051.08, down 2.6% (-80.64) since 4 p.m. ET on Thursday. Three of 20 assets are trading higher. Leaders: DOT (+1.2%) and APT (+1.0%). Laggards: AAVE (-7.8%) and UNI (-5.5%)….
Stablecoin giant Tether is in discussions to lead a €1 billion ($1.16 billion) funding round for Neura Robotics, a German start-up developing AI-powered humanoid robots. The potential deal would value Neura between €8 billion and €10 billion, the Financial Times reported, citing sources familiar with the talks. If finalized, the investment would represent a sharp…
The Senate Agriculture Committee released its own discussion draft market structure bill, addressing digital commodities and how the Commodity Futures Trading Commission might oversee that sector of the crypto market. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The…
Harvard University’s endowment has disclosed a $443 million stake in BlackRock’s iShares Bitcoin Trust (IBIT), making the fund’s largest known equity position a spot bitcoin exchange-traded fund. According to the university’s latest 13F filing with the U.S. Securities and Exchange Commission, the investment fund held 6.8 million shares of IBIT as of the third quarter…
On Nov. 14, Kevin McCordic of Monad and investor Nic Carter offered opposing reads on crypto’s 2025 slump, splitting over whether it’s routine consolidation or a catalyst-light grind. McCordic, director of growth at Monad Foundation who goes by “intern” on X, argued that today’s jitters are modest compared with 2022, when credit lenders failed, exchanges…
Alibaba’s global business-to-business platform is moving to streamline cross-border payments by using tokenized versions of major currencies, part of a broader shift toward blockchain-based settlement in global commerce. Kuo Zhang, president of Alibaba.com, told CNBC that the platform plans to begin using tokenized deposits backed by fiat currencies such as the U.S. dollar and euro….
