Strategy's STRC preferred stock hits a record low below par
A preferred stock that Strategy (MSTR) uses to help fund its bitcoin buying has fallen to a record low, constricting one of the company's funding channels.
Read more →Digital Assets
XRP slips 4% below $1.20 after breakout rally stalls near key resistance
XRP's push toward $1.25 ran into the same problem that has capped every rally since the spring selloff: sellers waiting overhead. After briefly trading above $1.22, the token lost the $1.20 level on heavy volume and spe…
Read more →Buying bitcoin below its 200-week average has historically delivered over 100% in median returns, Kraken says
That level is the 200-week simple moving average (SMA), which represents the token's average price over that period, providing traders with a clear glimpse of the long-term trend while cutting through day-to-day noise.
Read more →Bitcoin, ether slide after a hawkish Fed, even as Trump's signed Iran deal lifts stocks
Crypto fell across the board on Thursday, shrugging off a signed Iran peace deal that lifted stocks, after the Federal Reserve held interest rates but made clear it is more worried about inflation than growth.
Read more →Next bull run will be slower, less volatile as investors' crypto appetite evolves, Bitwise CIO says
Any recovery in the crypto market is likely to take longer than traders expect because Wall Street investors and advisory firms are now focusing on real-world applications, such as tokenization, and artificial intellige…
Read more →CME chief executive says company plans to sue CFTC after perpetual futures approval
CME Chief Executive Terrence Duffy said the derivatives provider planned to sue the U.S. Commodity Futures Trading Commission (CFTC) after it approved perpetual futures products earlier this month.
Read more →Kentucky targets prediction markets, puts red state in potential clash with Trump team
Kentucky's attorney general has sued leading prediction market firms Kalshi and Polymarket, accusing them of offering illegal sports betting without a license, adding its name to the growing list of states opposing the …
Read more →Fidelity joins Wall Street's race to manage stablecoin reserves
Fidelity Investments is the latest Wall Street firm seeking a role in one of the fastest-growing corners of digital assets: managing the reserves that back stablecoins.
Read more →Here is how Coinbase plan to survive the crypto downturn by ditching its reliance on trading fees
Coinbase's (COIN) latest product launch event may not have changed Wall Street's near-term earnings forecasts, but it reinforced a growing belief among analysts that the crypto exchange is steadily transforming itself i…
Read more →Bitcoin layer-2s face a bear-market reality check
When Botanix announced last week that it would be winding down operations, the Bitcoin layer-2 project did not try to sugarcoat its message.
Read more →FIFA wanted Avalanche's blockchain to help curb World Cup ticket scalping. Here's how it's going
Welcome to The Protocol, CoinDesk’s tech newsletter covering the most important stories in blockchain. I’m Margaux Nijkerk, a reporter at CoinDesk.
Read more →Fed holds rates steady in first decision under new Chairman Kevin Warsh
The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, a move markets had expected nearly unanimously.
Read more →Crypto industry aghast at Illinois' new tax on holding or transferring digital assets in state budget
The crypto industry is pushing back against a new tax law in the state of Illinois that enacts a 0.2% tax on businesses transacting or storing crypto for customers in the state, but it may be too late to change it in th…
Read more →Crypto Long & Short: The measure of a maturing market
You're reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday.
Read more →Moody’s rolls out credit ratings on Solana in tokenized asset push
Moody's Ratings is rolling out its credit ratings to Solana (SOL), allowing issuers of tokenized bonds and other fixed-income securities to embed the firm's assessments directly into blockchain-based assets.
Read more →BitGo stock surges on $50 million share buyback as value languishes 65% below IPO price
Crypto infrastructure provider BitGo's (BTGO) shares jumped as much as 20% on Wednesday after the company announced a $50 million share buyback program to support a stock that has struggled since its public debut earlie…
Read more →Crypto’s security nightmare won’t be solved by ordinary audits
The crypto sector has been plagued by cybersecurity issues for years. Malicious actors, particularly North Korea’s Lazarus Group, have stolen more than $2.2 billion since 2022, prompting the industry to triple its numbe…
Read more →Mexican billionaire with 70% of his investment portfolio in bitcoin says it's better than real estate
Mexican billionaire Ricardo Salinas Pliego, whose net worth is estimated at roughly $5 billion, is a bitcoin maximalist.
Read more →Kevin Warsh's first Fed meeting could be more about communication than rates
Federal Reserve Chair Kevin Warsh is heading the central bank's two-day policy meeting, concluding this afternoon, with investors looking beyond the interest-rate decision itself for clues about how he plans to reshape …
Read more →CoinDesk 20 performance update: Bitcoin Cash (BCH) drops 3.1%, leading index lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
Read more →A new Bittensor proposal would turn validators into something like fund managers
A new proposal for Bittensor, the decentralized AI network behind the TAO token, would change how the network pays its validators and turn them into something closer to fund managers.
Read more →SpaceX's $2.6 trillion market cap nearly double that of bitcoin
SpaceX (SPCX) has climbed more than 40% since its June 12 debut to a roughly $2.5 trillion market value, making it the sixth-largest company in the world and worth nearly twice the entire bitcoin market.
Read more →Bitcoin's June downturn leaves $8.6 billion in options out of the money
That amount is roughly 80% of the $10.6 billion worth of options expiring on June 26, according to data source Deribit. These dollar figures represent notional open interest, or the dollar value of the number of active …
Read more →Heir to 135-year Gulf dynasty is moving a $6 trillion trade market onto blockchain rails
For more than 135 years, the Kanoo family, one of Bahrain's wealthiest families, has helped build the Gulf’s entire commercial infrastructure.
Read more →