Ether (ETH) has underperformed year-to-date, declining over 20%, but fundamentals are improving and total value locked (TVL) on the Ethereum blockchain has risen dramatically, Wall Street bank Citi (C) said in a research report Monday. “While user activity has been volatile in recent weeks, the fundamental backdrop is not all that murky,” analysts led by … Read more
Hedge funds hold record short positions in ether (ETH) futures trading on the Chicago Mercantile Exchange (CME), raising questions about the motivations behind these positions. At first glance, the data could suggest that sophisticated market players anticipate price slides, as discussed on social media. However, this isn’t entirely accurate; carry trades or arbitrage plays primarily … Read more
To get the show every day, follow the podcast here. On “Markets Daily,” host Jennifer Sanasie speaks with Anthony Georgiades, general partner at Innovating Capital and co-founder of Pastel Network. The pair discuss bitcoin’s recent rally to a new all-time high above $70k, challenges to a possible spot ether ETF approval and AI tokens. – … Read more
Odds of a litecoin (LTC) exchange-traded fund (ETF) going live in the coming months jumped to over 90% with dogecoin (DOGE) next at 75% odds, well-followed ETF analyst James Seyffart said in an X post late Monday. Seyffart made similar predictions for bitcoin (BTC) ETFs before the products went live in 2024. Several providers have … Read more
Cardano’s ADA token surged 11%, outperforming bitcoin (BTC) and ether (ETH), after Grayscale Investments applied for the first-ever spot ADA exchange-traded fund (ETF) in the U.S. ADA jumped to 80 cents, with the move starting late Wednesday, according to CoinDesk data. However, the ninth-largest cryptocurrency by market value, is still down 36% from its December … Read more
Crypto investment firm Grayscale on Monday filed to list a Cardano (ADA) exchange traded fund on the New York Stock Exchange. Grayscale, which last year broke through U.S. regulators’ blockade against the bitcoin ETF, has never previously offered a standalone ADA investment vehicle despite making past moves to do so. But the Trump 2.0 SEC’s … Read more
Crypto’s “proof of humanity” sector saw a major merger on Monday with Holonym Foundation acquiring Gitcoin Passport for an undisclosed sum of cash and tokens. The transaction unites two close companies: Holonym was already distributing its tech through Gitcoin Passport, a logbook where 2 million internet users stash proof of personhood for services that need … Read more
Klarna Bank AB, a Swedish fintech company popular in Europe, plans to embrace cryptocurrencies on its platform, the firm’s chief executive officer, Sebastian Siemiatkowski announced in a post on X over the weekend. “I give up. Klarna and me will embrace crypto! More to come,” he wrote to his 33,000 followers on the app. Klarna … Read more
The latest state effort to set up the investment of public money into cryptocurrency, a bill introduced on Monday in North Carolina, is backed by the state’s Speaker of the House Destin Hall. The high-profile North Carolina push contemplates putting as much as 10% of its general and highway funds into digital assets, limiting it … Read more
We’re thrilled to announce the launch of the CoinDesk Mobile App – designed to bring you the latest crypto news, real-time market data, and expert insights, all in one easy-to-use platform. Whether you’re a trader, investor, or blockchain enthusiast, this app will keep you informed and ahead of the game. Download now on iOS or … Read more