Bitcoin’s (BTC) hashrate, the computational energy needed to mine a block in a proof-of-work blockchain, is on track to reach 1 zettahash per second before the next halving event in about 3.5 years, putting miners under pressure to secure cheap power deals and more efficient equipment. The average hashrate could reach that level, equivalent to … Read more
Rep. Mike Johnson (R-Louisiana) will get to keep the big gavel after his fellow Republicans voted to re-elect him House Speaker on Friday afternoon. Johnson, who has been publicly backed by President-elect Donald Trump, was able to garner the minimum 218 votes needed to win the job in the first round of voting, though he … Read more
As the co-founder and general partner at early stage venture capital fund Race Capital, Edith Yeung has had a front-row seat on the development of the crypto sector, particularly in Hong Kong, where she was born and raised. Most notably, she was a seed investor in Solana, investing $250,000 when SOL was valued at just … Read more
Do Kwon, founder of the failed Terra Luna crypto ecosystem, pleaded not guilty to charges of fraud following his Dec. 31 extradition to the U.S., Reuters reported on Thursday. Kwon’s Terraform Labs developed the luna cryptocurrency and algorithmic stablecoin terraUSD, which collapsed in 2022 with the loss of an estimated $40 billion. Kwon faces charges … Read more
A crypto cult hoping to flip the entire U.S. stock market just moved closer to its bizarre goal, although with trillions of dollars more to go. SPX6900 (SPX) crossed a $1.1 billion capitalization earlier Friday to set a new record above $1.25, breaking a November high of 90 cents, amid renewed interest in memecoin cults … 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 3594.2, up 1.8% (+64.6) since 4 p.m. ET on Thursday. 19 of 20 assets are trading higher. Leaders: ADA (+12.0%) and ICP (+10.6%). Laggards: BTC (-1.0%) and ETH (+0.6%). … Read more
The bitcoin (BTC) mining industry was shaken up in the last months of 2024 by the sudden entrance of a new player: Cango (CANG), a Chinese firm that specializes in providing loans to automobile buyers. Based in Shanghai and valued at $363 million on the stock market, Cango is in the process of acquiring 50 … Read more
The bitcoin (BTC) price may have more than doubled last year, but investors who bought the largest cryptocurrency during 2024 saw, on average, only a fraction of that according to a measure known as the realized price. The realized price is the average value of all bitcoin calculated at the price at which the tokens … Read more
While bitcoin (BTC) grabs all the eyeballs from institutional narratives, Ethereum’s ether (ETH) stands out as the go-to major token for traders looking to maximize returns through leverage. Ether’s estimated leverage ratio, which measures the degree of leverage employed by traders, climbed to a new high of 0.57 on Wednesday, marking a significant increase from … 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 3536.7, up 3.8% (+130.21) since 4 p.m. ET on Wednesday. 18 of 20 assets are trading higher. Leaders: RENDER (+7.8%) and SOL (+7.5%). Laggards: HBAR (-0.5%) and XLM (-0.3%). … Read more