The booming stablecoin market hit another milestone Wednesday, crossing the $200 billion total market value mark for the first time ever as demand accelerates and adoption expands for the assets. The asset class as a whole added $10 billion market value in only two weeks since it surpassed the 2022 bull cycle record of $190 … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Marc Hochstein, CoinDesk’s deputy editor-in-chief for features, opinion and standards. In this issue: What does Google’s quantum computing chip mean for Bitcoin? Dev’s defection highlights Ethereum’s growing Solana problem OrdinalsBot inscribes largest-ever file on Bitcoin blockchain Polygon touts … Read more
With the highly successful introduction of spot bitcoin exchange-traded funds, the U.S. crypto regulatory situation looking much rosier now that former President Donald Trump has been elected for a second term, and the bullish price action, it’s undeniable that 2024 was a big year for crypto. But things could get even crazier in 2025, according … Read more
One of the most significant factors for the crypto industry lies not in market dynamics, but in the political arena. Trump’s pro-crypto rhetoric certainly grabbed headlines, but the real catalyst for banks and other financial intermediaries is likely a Republican sweep in Congress, given that most of his pledges would require legislative approval. With strong … Read more
The crypto market is in recovery mode on Wednesday following a cascade of selling earlier in the week that for now appears to have flushed out much of the long leverage. The move higher comes alongside a sizable rally in the U.S. stock market following this morning’s Consumer Price Index report that matched economist forecasts. … Read more
It has been a whirlwind. Bitcoin surpassing $100,000 may have been the champagne moment, but the digital asset class has had much to cheer about and digest since the Fed’s easing cycle began on September 18, and even more since the U.S. election. New incoming leadership at the SEC and other regulatory agencies, blockchain-savvy cabinet … Read more
Binance, the world’s largest cryptocurrency exchange, has formed a strategic partnership with stablecoin giant Circle to accelerate global adoption of the USDC stablecoin, the companies said on Wednesday at Abu Dhabi Finance Week. Through the partnership, Circle’s USDC will be more extensively available to over 240 million customers for trading, savings and payments. Binance will … Read more
<a href="https://www.coindesk.com/indices/" target="_blank">CoinDesk Indices</a> presents its daily market update, highlighting the performance of leaders and laggards in the <a href="https://www.coindesk.com/indices/cd20/" target="_blank">CoinDesk 20 Index</a>. The CoinDesk 20 is currently trading at 3744.31, up 5.2% (+185.86) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: RENDER (+13.5%) and ETC (+11.3%). Laggards: BTC (+2.4%) … Read more
XRP is hot and it is probably setting up for another big rally. That’s the message from the price chart and options market. The payments-focused cryptocurrency is down 10% this week. The pullback, however, has taken the shape of a bull flag. This technical analysis pattern usually slopes in the opposite direction of the preceding … Read more
By Omkar Godbole (All times ET unless indicated otherwise) If you're waiting for a spark to ignite a Santa rally in bitcoin and the wider crypto market, today's U.S. inflation release might just be it. Initially, I wasn't sure the report matters anymore. Obsessing over prices feels so 2022, when inflation was through the roof … Read more