Finance

The team behind real-world asset (RWA)-focused layer-1 blockchain Mavryk Network, said it raised $5.2 million to advance its plans to integrate tokenization and decentralized finance (DeFi). The investment round was led by Ghaf Capital, Big Brain, MetaVest Capital, Cluster Capital, Collective Ventures and Atlas Fund, according to an email shared with CoinDesk on Tuesday. Mavryk … Read more

Crypto investment firm Multicoin is leading an $8 million purchase of GEOD tokens, a major capital injection into the crypto project building a hyper-accurate alternative to GPS. Geodnet hails from crypto’s buzzy DePIN wing of startups that financially incentivise regular people to host their physical infrastructure. The project’s token (its incentive mechanism) has more than … Read more

Everyone has heard the Chinese proverb British misquote: “May you live in interesting times,” and how it’s supposed to be a curse. It sounds deep, like a quote for edgelords over 80.  But have you ever considered the alternative? According to the Anglo-Saxon Chronicle, there were nearly two centuries where nothing much happened. Vivian Mercier … Read more

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2822.97, down 7.2% (-218.33) since 4 p.m. ET on Monday. None of the 20 assets are trading higher. Leaders: APT (-3.8%) and DOT (-4.7%). Laggards: HBAR (-12.0%) and AAVE … Read more

Circle’s stablecoin’s USDC and EURC got approval for use and promotion within the Dubai International Financial Centre, the company said in a statement on Monday. The Dubai Financial Services Authority (DFSA) approved USDC and EURC as recognized crypto tokens within the DIFC, the statement said. “With this approval, financial institutions and fintechs operating in the … Read more

By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is a sea of red, with bitcoin trading at three-month lows under $88,000 and the CoinDesk 20 Index down more than 10% in 24 hours. There are several catalysts for the swoon, including risk-off sentiment in traditional markets and influence from memecoins, especially … Read more

Crypto traders are buying bitcoin (BTC) on Kraken, one of the 10 biggest cryptocurrency exchanges, as the price slides to a three-month low, Alexia Theodorou, head of derivatives told CoinDesk. BTC dropped under $88,000 shortly before publication as Nasdaq futures pointed to continued risk aversion on Wall Street and the yen, a haven during times … Read more

Ether’s (ETH) 11.5% slide over the past 24 hours has moved the second-largest cryptocurrency closer to a series of mammoth $340 million liquidations on collateralized debt platform MakerDAO. On-chain data shows three MakerDAO positions will be liquidated when the ETH price hits $1,926, $1,842 and $1,793. Each position is worth between $109 million and $126 … Read more

Bitcoin (BTC) dipped below $89,000 during Tuesday’s early European hours as Nasdaq futures pointed to continued losses in technology stocks and strength in the Japanese yen sparked fears of an August-like risk aversion. The leading cryptocurrency hit a low of $88,500, a level last seen in mid-November, CoinDesk data shows. The losses follow recent reluctance … Read more