SOL showed renewed strength Saturday as it rebounded from a low of $147.13 to trade back above $151, despite lingering global macroeconomic headwinds. The recovery comes amid a spike in on-chain activity, with Coin Days Destroyed surging to 3.55 billion—its third-highest level this year—indicating movement of long-dormant tokens. The bounce [...]
Avalanche’s native token AVAX surged more than 6% in the last 24 hours, outpacing the broader crypto market as measured by the CoinDesk 20 (CD20) index, which rose 0.8% in the same period. AVAX’s price may have rebounded from political jitters and moved on the back of major developments in [...]
Eric Trump said that World Liberty Financial, the decentralized finance project with ties to the Trump family, plans to acquire a "substantial position" in the TRUMP memecoin for its long-term treasury as it “aligns” with the project. The announcement, posted to X on Friday, framed the move as part of [...]
Korea's new President, Lee Jae-myung, has appointed the CEO of Hashed Research, Kim Yong-beom, to be the Chief Policy Officer of Korea's Presidential Office. Before leading Hashed Research, crypto fund Hashed's think tank, Kim was the Vice Minister of Economy and Finance during the Moon Jae-in administration. In a previous [...]
Gemini Space Station Inc., the crypto exchange and custody platform founded by Cameron and Tyler Winklevoss, has taken a significant step toward becoming a publicly traded company. The firm announced Friday that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission [...]
It was a week of fortunes made, and fortunes lost, at CoinDesk.On the one hand, we had Circle, long a leading crypto company, hurtling to IPO and making bank. Its shares were priced at $110 at press time (up from $31 Wednesday), leading many to expect a summer and fall [...]
Bitcoin miner HIVE Digital Technologies (HIVE) has surpassed 10 exahash per second (EH/s) in hashrate capacity, a 58% increase from April, driven by the launch of a 100-megawatt hydro-powered site in Paraguay. The company said in a press release on Friday that it's on track to reach 25 EH/s by [...]
Crypto prediction market Polymarket and Elon Musk-led artificial intelligence (AI) firm xAI — which owns X, the social media platform formerly known as Twitter — announced a partnership on Friday. Proud to announce Polymarket's partnership with X and xAI as their Official Prediction Market Partner," Shayne Coplan, the prediction platform's [...]
The cryptocurrency market is experiencing heightened volatility amid an escalating feud between President Donald Trump and his former head of the Department of Government Efficiency, Elon Musk, over the state of the U.S. economy. Cardano's ADA ADA has also seen extreme price swings amid market uncertainties. After dropping from $0.688 [...]
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 3009.79, up 0.7% (+21.73) since 4 p.m. ET on Thursday. Thirteen of 20 assets are trading higher. Leaders: SUI (+4.3%) and SOL (+3.3%) Laggards: [...]