Ethereum’s place near the top of the crypto market is unquestioned from the perspective of market cap. But beneath the surface – at the product, developer and decision-making levels – the original smart contracts platform continues to take a beating from Solana, one of its closest competitors. The threat may not yet be existential. Ethereum … Read more
A slow bleed in crypto since late in the weekend accelerated into the early evening U.S. hours on Monday, leaving nearly the entirety of the sector sharply lower. With prices in quick retreat, bitcoin (BTC) at press time had fallen back to just above $95,000, down about 5% over the past 24 hours. Ether (ETH) … Read more
U.S. Securities and Exchange Commission member Caroline Crenshaw is “even more extreme” than Chair Gary Gensler, according to a digital advertising campaign now being launched by Cedar Innovation Foundation — a dark-money group funded by unnamed crypto interests. Commissioner Crenshaw, who is set to be the lone Democrat atop the SEC when Republicans take over … Read more
The community group governing decisions on Solana-based decentralized exchange Jupiter on Sunday passed a long-awaited vote to allow two incentives of $860 million (worth of tokens at current prices) each over two years, shifting the related JUP token’s fundamentals. The proposal was part of the <a href="https://www.jupresear.ch/t/j4j-3-jupuary-vote-2/28451" target="_blank">“Jupuary” vote #2</a>, which was changed and refloated … Read more
Bitcoin Development Company MicroStrategy (MSTR) added to its mammoth bitcoin (BTC) holdings last week with the purchase of another 21,550 tokens. The buys were made over the week ended Dec. 8 and the firm paid an average price of $98,783 each, totaling $2.1 billion, according to a Monday regulatory filing. It funded the acquisition by … Read more
Bitget, a cryptocurrency exchange that has grown rapidly in recent years to one of the largest, is considering partnerships with U.S. firms to gain a foothold in America, encouraged by the incoming Trump administration’s likely pro-crypto stance. Some of the largest crypto exchanges such as Binance, ByBit, OKX and Bitget are prohibited from serving U.S. … Read more
El Salvador may roll back a small aspect of its Bitcoin law as part of a new deal with the International Monetary Fund. The Latin American country may no longer require Salvadorean merchants to accept bitcoin (BTC) as a means of payment across the nation, instead making bitcoin acceptance voluntary, according to a new report … Read more
November was a monumental month for the crypto market in terms of performance, activity, politics and sentiment, JPMorgan (JPM) said in a research report Monday. “President-elect Donald Trump’s reelection triggered a historic rally and jump in market caps across the crypto ecosystem,” analysts led by Kenneth Worthington wrote. This included tokens, decentralized finance (DeFi), stablecoins … 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 3857.2, down 3.7% (-150.02) since 4 pm on Friday. One of 20 assets are trading higher. Leaders: XRP (+1.3%) and LINK (-0.1%). Laggards: FIL (-13.0%) … Read more
Bitcoin inscriptions project OrdinalsBot has minted what it says is the largest file ever on the oldest and most valuable blockchain: the last in a collection of 1,500 "Pizza Ninjas." It's part of a phenomenon in the Bitcoin development community known as "four meggers," which are files that take up an entire block on the … Read more