What was shaping up to be a strong opening for U.S. stocks is less so after President Trump clarified his latest thoughts on tariffs. In a post on his Truth Social complaining about the influx of drugs from both north and south of the U.S. border, the president said tariffs [...]
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Ben Schiller, managing editor at CoinDesk. In this issue: Ethereum’s Pectra upgrade Goes Live Avalanche Visa card launched Ethereum Foundation executive director leaving Hackers using GitHub to steal bitcoin Network News PECTRA GOES [...]
Strategy (NASDAQ: MSTR), the SaaS-based business intelligence company formerly known as MicroStrategy that pioneered a bitcoin treasury strategy, is currently trading at a $73 billion market cap, ~1.6x the value of its underlying bitcoin holdings. This so-called “MSTR premium” has caused much misunderstanding, healthy skepticism and even consternation, but with [...]
Crypto traders are likely still reeling from Tuesday’s market carnage, but bullish bets on two altcoins are paying off handsomely. Intellectual property upstart Story’s IP is up nearly 40%, beating a 5.20% rally in major tokens tracked by the broad-based CoinDesk 20, while on-chain exchange Hyperliquid’s HYPE is up 15%. [...]
The crypto market experienced a severe downturn on Tuesday, and according to many on-chain metrics marked a bottom in bitcoin's (BTC) price. The total crypto market capitalization hovered just above $2.7 trillion—marking a nearly $1 trillion wipeout since its peak in December 2024, according to TradingView data. Several indicators suggest [...]
Cathie Wood's investment management company ARK Invest snapped up $8.7 million of Coinbase (COIN) shares on Tuesday as the rout in the cryptocurrency saw crypto equities slide. ARK added 41,032 COIN shares to its Next Generation Internet ETF (ARKW), as the crypto exchange's stock fell nearly 6.5% on the day [...]
The GitHub code you use to build a trendy application or patch existing bugs might just be used to steal your bitcoin (BTC) or other crypto holdings, according to a Kaspersky report. GitHub is popular tool among developers of all types, but even more so among crypto-focused projects, where a [...]
Tuesday was a rough day for the crypto market, as bitcoin (BTC) fell to three-month lows below $87,000, dragging the broader market down. More importantly, investors withdrew funds from U.S.-listed spot bitcoin exchange-traded funds (ETF) at an unprecedented rate. The 11 spot ETFs registered a cumulative net outflow of $937.78 [...]
Bitdeer Technologies Group (BTDR) said its fourth-quarter net loss widened to $531.9 million from $5 million in the year-earlier quarter. The Singapore-based bitcoin (BTC) mining company attributed the expenses to strategic investments in developing its proprietary ASIC mining rigs. “While our focus on ASIC development temporarily limited hashrate expansion, we [...]
Anyone paying attention to public bitcoin miner markets will know that artificial intelligence (AI) and business pivots to high performance compute (HPC) are all the rage among bitcoin miners. What started as a gradual trend last year has suddenly become a business strategy that many leading public bitcoin miners are [...]
