This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s (BTC) recent range play resolved bullishly early Monday, shifting focus to the $90,000-$92,000 range, which was previously a strong support zone. The leading cryptocurrency by market value rose past $87,000, convincingly breaking out of a week-long consolidation between $83,000 […]
Circle, the firm behind the $60 billion USDC stablecoin, is launching a new payments and cross border remittance network on Tuesday — the company’s “next product move” — from its plush New York City headquarters, high on the 87th Floor of One World Trade Center. The launch event is aimed at banks, fintechs, payment service […]
Surging gold prices and bitcoin’s (BTC) relatively strong price action amid a global market sell-off have some traders revisiting the latter’s role as “digital gold” — a big narrative in bitcoin’s early years but one that has lost steam in recent times. BTC zoomed above $87,000 in Asian morning hours, with Cardano’s ADA, BNB Chain’s […]
TRUMP, the memecoin tied to U.S. President Donald Trump, gained more than 9% in the past 24 hours following a $320 million token unlock. The price now sits around $8.40, still down more than 88% from its peak above $71 on Jan. 18. The recent unlock may spell further trouble for investors, who are estimated […]
Slovenia Moves to Tax Crypto Profits at 25%
Slovenia’s finance ministry has proposed a 25% tax on capital gains from cryptocurrency starting in 2026, under a draft law aimed at closing a gap in the country’s tax system. The tax will apply to profit made when individuals sell crypto for fiat currency or spend it on goods and services. However, swapping one cryptocurrency […]
Unpacking the DOJ’s Crypto Enforcement Memo
Earlier this month, the Department of Justice disbanded its National Cryptocurrency Enforcement Team and said it would no longer pursue what Deputy Attorney General Todd Blanche described as “regulation by prosecution.” You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. […]
On April 28th, 2025, on behalf of Promax Holding LLC – one of the companies owned by His Royal Highness Sheikh Hamdan Bin Mohamed Al Nahyan. Under the Honorary Sponsorship of the private office of His Royal Highness Sheikh Abdulla Al Sharqi, Promax will host an exclusive “Royal Token Banquet” at the Emirates Palace in Abu Dhabi. The […]
Canary Capital is looking to launch an exchange-traded fund (ETF) tracking the price of Tron’s native token, TRX, according to a filing. The hedge fund submitted a Form S-1 for the Canary Staked TRX ETF with the Securities and Exchange Commission (SEC) on Friday. As the name suggests, the fund — if approved — would […]
Just four months ahead of their criminal sentencing for operating a $577 million cryptocurrency mining Ponzi scheme, the two Estonian founders of HashFlare were seemingly mistakenly ordered to self-deport by the U.S. Department of Homeland Security (DHS) — an instruction that directly contradicted a court order for the men to remain in Washington state until they […]
Following last week’s tariff-caused drama, this was a relatively quiet week in crypto. Bitcoin remained stable around $84k. The CoinDesk 20, which tracks about 80% of the market, was up about 4% in the last seven days — i.e. nothing historic. Still, plenty happened. On Tuesday, much of crypto went offline because of a tech […]
The Case for User-Owned AI
Who truly controls your AI assistant? That’s a question most people haven’t asked yet. Today, millions rely on digital assistants, from voice-controlled devices to smart bots embedded in tools like Google Workspace or ChatGPT. These systems help us write, organize, search, and even think. However, the vast majority of them are rented. We don’t own […]
Crypto exchange Kraken has launched FX perpetual futures, expanding into traditional markets with round-the-clock trading for major forex pairs, the company said in a blog post Friday. The first contracts, EUR/USD and GBP/USD, are now live on Kraken Pro, with more to follow. Unlike standard forex products, FX perps have no expiry and operate 24/7, […]