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 3868.63, up 0.4% (+16.75) since yesterday’s close. Fifteen of 20 assets are trading higher. Leaders: LINK (+4.6%) and ETH (+3.2%). Laggards: XLM (-3.2%) and XRP (-0.9%). The CoinDesk 20 … Read more
Grayscale has rolled out a new trust offering exposure to dogecoin (DOGE), the asset manager announced Friday. “Dogecoin represents a paradigm shift in global financial accessibility,” Grayscale’s head of product & research, Rayhaneh Sharif-Askary, told CoinDesk. “Its low transaction costs and rapid transfer speeds make it an optimal vehicle for international remittances, particularly in regions … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is treading water and the biggest cryptocurrency, bitcoin, is taking a bull breather. Its upward momentum is getting stifled by Trump’s renewed tariff threats, which are also sending gold prices soaring to record highs and propping up demand for the U.S. dollar. But … Read more
As it stands, January is tied as the second-best performing month for bitcoin (BTC) in the past ten months, surpassed only by November 2024, which saw a 37% surge in price after President Trump’s victory in the U.S. election. It shares second-place with May 2024, both recording an 11% gain, according to Coinglass data. On … Read more
The market capitalization of stablecoins just pierced $200 billion, reaching a record height in a sign the crypto market may be poised for further growth, according to CryptoQuant. Stablecoins are digital tokens whose value is tied another asset, typically the U.S. dollar, to provide, as the name suggests, a stable price. They are used by … Read more
VIRTUAL, the native token of the AI agent generator platform Virtuals Protocol, climbed during European trading hours after Upbit, South Korea’s leading cryptocurrency exchange, said it would list the coin. The price surged 28% to $2.61, almost testing the downtrend line that characterizes the sell-off from the Jan. 2 record high of around $5.25, data … Read more
Elon Musk’s dad is promoting a memecoin that capitalizes on the family name to raise upto $200 million for various engineering projects, despite the father-son duo apparently being estranged. Errol Musk, alongside business partner Nathan Browne, will officially back the “MUSK IT” token with the ambitious goal of establishing the Musk Institute, a new for-profit … Read more
Crypto fund behemoth Grayscale Investments has filed an application with the Securities and Exchange Commission (SEC) to convert its XRP Trust into an exchange-traded fund (ETF), which will listed on the New York Stock Exchange (NYSE). The existing product operates as a Delaware statutory trust, managing over $16 million XRP as of Friday. The proposed … Read more
Bank of Japan (BOJ) Governor Kazuo Ueda said Friday the central bank must maintain an accommodative monetary policy to support economic growth and ensure the underlying inflation gradually moves to the 2% target. Ueda told the Parliament that the recent increase in the consumer price index above the 2% target has been led by cost-push … Read more
So close yet so far – that’s the story for bitcoin (BTC) this Friday morning, as its price rally has stalled just shy of record highs amidst a continued rally in gold (XAU), a traditional risk asset, and crypto tokens associated with it. BTC, the leading cryptocurrency by market value, changed hands near $104,400 at … Read more