Gauntlet, one of decentralized finance’s (DeFi) leading providers for risk management tools, has seen its total value locked (TVL), a measure of the assets deposited across its vaults, fall sharply over the past seven days, dropping 22.84% to $1.325 billion. That has erased roughly $380 million in dollar-denominated value from a week-ago peak of approximately…
Wall Street financial services firm Cantor is among investment banks that are pitching cryptocurrency trading platform FalconX for its potential IPO, according to two people with knowledge of the matter. The company has held preliminary talks with possible advisors, but FalconX has not yet formally appointed bankers for its initial public offering, the people said,…
Dutch market maker IMC Trading has hired Alex Casimo as chief commercial officer of its cryptocurrency business, according to a person with direct knowledge of the matter. Casimo started in his new role this week and is based in London, the person said, who spoke on condition of anonymity as the matter is private. The…
Bitcoin BTC$69,560.76 drifted toward $69,000 on Thursday as the deepening conflict in Iran is spiraling across the Middle East, hitting energy infrastructure and spilling into global markets. Oil remained at the center of the action, as investors pulled back from risk amid fresh headlines around attacks on energy infrastructure. Prices swung back toward $100 a…
As AI agents become a bigger topic in crypto, Pranav Ramesh told CoinDesk that Nasdaq has already been using them across several sections of its business and has sharply expanded that use over roughly the past 18 months. Ramesh, head of options research at Nasdaq and co-founder and CTO of Leadpoet, said the most meaningful…
In today’s newsletter, Dumpling Bullish, independent digital asset commentator, writes about the growing influence of bitcoin’s derivatives stack on its price. Then, in Ask an Expert, Leo Mindyuk from ML Tech, answers questions about the evolution of bitcoin investment products. – Sarah Morton Bitcoin price discovery: no longer just a demand story For most of…
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 2029.25, down 1.6% (-33.09) since yesterday’s close. Two of 20 assets are trading higher. Leaders: APT (+0.4%) and BCH (+0.4%). Laggards: NEAR (-3.3%) and HBAR (-2.9%). The CoinDesk 20…
Bitcoin’s BTC$69,557.64 biggest limitation just got shattered. A new protocol went live Thursday, making it simple to put the largest cryptocurrency directly to work in powerful, yield-generating strategies within the booming world of decentralized finance (DeFi). OpNet, a new smart-contract protocol, was activated on the Bitcoin blockchain, marking the arrival of DeFi-powering smart contracts that…
By Omkar Godbole (All times ET unless indicated otherwise) The big news of the past 24 hours is that the Fed, the world’s most powerful central bank, is unlikely to provide a meaningful bullish catalyst in the near term, and markets are reacting negatively. As sentiment weakens, capital is flowing not just out of altcoins…
S&P Dow Jones Indices announced Wednesday that it is bringing the S&P 500 to the blockchain via the Hyperliquid platform, making it easier for investors to trade the most widely tracked equity index 24 hours a day. The company said it licensed its flagship stock index to Trade[XYZ], which is launching the first officially approved…
