In a significant shift in bitcoin’s market structure the amount of supply held by “conviction buyers” has surged to nearly 4 million BTC, according to BitGo data cited by Bitfinex on Wednesday. Bitcoin in long-term buyers’ hands currently represents a 300% increase since the end of 2025, signaling a massive migration of the crypto’s realized…
This week’s U.S. Senate Banking Committee hearing to consider edits to the Digital Asset Market Clarity Act has dozens of amendments to weigh, though it’s likely that almost all of them won’t survive the process of Thursday’s event. Lawmakers have pushed forward a range of proposed changes for the market structure bill as it approaches…
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 2185.22, down 0.3% (-5.55) since yesterday’s close. Seven of 20 assets are trading higher. Leaders: DOT (+2.6%) and BNB (+1.7%). Laggards: SUI (-3.2%) and TAO (-2.7%). The CoinDesk 20…
The copper-to-gold ratio has broken above its 200-day moving average for the first meaningful time since September 2020, a development that has historically coincided with the early stages of bitcoin BTC$80,492.82 bull markets. The ratio currently stands at 0.00142, with copper trading at $6.65 per pound and gold near $4,700 per ounce. Previous surges in…
Bitcoin BTC$80,600.68, a leading indicator of risk sentiment, remains a paragon of stability ahead of President Donald Trump’s arrival in Beijing for talks with his Chinese counterpart, Xi Jinping. The largest cryptocurrency recently traded 0.5% higher since midnight UTC at $80,900, in line with the gain of the CoinDesk 5 Index (CD5). All five members…
EToro (ETOR) doubled down on its commitment to crypto even as digital asset activity weakened in the first quarter and into April. Revenue from crypto assets dropped 38% from the year-earlier quarter to $2.15 billion, the company said in its first-quarter earnings report released Tuesday. Net trading income from crypto derivatives fell 57% to $33.4…
Shopping giant eBay has rejected video game retailer GameStop’s ambitious $56 billion takeover offer, leaving the latter to decide whether it wants to walk away, raise the bid or take the fight directly to shareholders. EBay’s board called the half-cash, half-stock offer “neither credible nor attractive” on Tuesday, per Reuters, citing doubts around financing and…
XRP is back at the top of South Korean trading screens. The token’s won pair was the most traded market on Upbit over the past 24 hours, with about $110.9 million in volume, ahead of bitcoin’s $88.6 million and ether’s $67 million, CoinGecko data shows. On Bithumb, XRP/KRW recorded about $41 million in volume, ranking…
Predict 2026 says it moved to New York from Las Vegas because of “regulatory pressure” from the Nevada Gaming Control Board. A spokesperson for the regulator says otherwise. “The Nevada Gaming Control Board did not direct, request, or otherwise pressure any licensee or venue to cancel or decline to host any recent or upcoming event…
Bitcoin BTC$81,199.33 shrugged off the inflation scare almost as quickly as the print landed. The largest cryptocurrency dropped to $79,879 in late U.S. hours Tuesday after the April Consumer Price Index came in at 3.8% year-over-year, hotter than economists had estimated, with gasoline prices doing most of the lift since the Iran war began. BTC…
