Opinion by: Ross Shemeliak, co-founder and chief operating officer of Stobox Following US President Donald Trump’s return, Coinbase saw the Securities and Exchange Commission drop its 2023 lawsuit, alongside Robinhood Crypto’s investigation closure. On Feb. 25, the SEC also ended its federal probe into Uniswap Labs, triggering market declines with Coinbase and Bitcoin (BTC), the … Read more
Just as anabolic steroids are to bodybuilders, fiscal and monetary stimuli have been the lifeline for markets and the economy. Over the decades, nation-states have relied heavily on these fiscal injections to buff up markets and respective economies. Now, to the delight of BTC and risk asset bulls, China, the world’s second-largest economy, and European … Read more
Bitcoin (BTC) has declined by more than 15% since Feb. 3—when US President Donald Trump threatened to impose tariffs on China, Mexico, and Canada—and was trading for as low as around $86,400 as of March 5. BTC/USD daily price chart. Source: TradingView Simultaneously, investors have withdrawn over $3.50 billion in assets from US-based Spot Bitcoin … Read more
For US citizens, tax season has arrived, and for crypto investors, this process entails checking multiple exchanges, wallets, decentralized exchanges and more to organize heaps of data and attempt to comply with Internal Revenue Service (IRS) crypto tax policies, which shift like grains of sand in a desert. Although President Donald Trump’s administration has proven … Read more
Solana saw nearly half a billion dollars in outflows last month as investors shifted to what were perceived to be safer digital assets, reflecting growing uncertainty in the cryptocurrency market. Solana (SOL) was hit by over $485 million worth of outflows over the past 30 days, with investor capital mainly flowing to Ethereum, Arbitrum and … Read more
At the start of the year, CoinDesk research indicated that the Dollar index (DXY) a measure of the U.S. dollar’s strength against a basket of major trading partners was mirroring its trajectory from Donald Trump’s first term as president. Between September 2024 and January 2025, coinciding with Trump’s re-election, the DXY index climbed from 100 … Read more
Animoca Brands’ most recent year-end financial report shows a shift in the company’s focus, with the web3 giant run reporting that its Digital Assets Advisory has edged out its traditional revenue source. The firm’s advisory unit generated $165 million in 2024, a 116% year-over-year increase. According to a release, this division provides web3 projects with … Read more
Billions in XRP tokens and thousands of bitcoin were sent to exchanges shortly after U.S. President Donald Trump revealed plans to include the assets as part of a U.S. crypto strategic reserve, one that may have contributed to their rapid price reversals after a surge. Hourly inflows reached up to 193 million XRP after Trump’s … Read more
Foundation Capital, an early backer in Solana and AI chip maker Cerebras, has raised $600 million for its eleventh flagship fund. The fund is 20% larger than its predecessor $500 million fund, which closed around three years ago. Foundation Capital’s focus is on early-stage investing, which “means being there at day zero,” according to an … Read more
Ripple Labs is free to sell XRP tokens to raise operational capital, according to comments from the company’s chief technology officer. His remarks have sparked concerns among cryptocurrency investors. “XRP isn’t a security because Ripple doesn’t actually owe you ‘utility’ or anything else,” Pierre Rochard, vice president of research at Riot Platforms, wrote in a … Read more