The Pudgy Penguins NFT collection is keeping Web3 hopes afloat in a sea of dead NFT projects and a generally muted collectibles market. The non-fungible token set became the world’s second most-valued NFTs on Wednesday, with the minimum — or floor — price for any of the 8,888 comic penguins topping $100,000 and flipping the … Read more
Bitcoin (BTC) traders could be in for another thrilling ride. A key technical indicator that presaged November’s price surge is positioned precisely as it was then, signaling a potential volatility explosion ahead. That indicator is the Bollinger bandwidth, a tool used to gauge impending changes in market jumpiness. For bitcoin, the bandwidth has narrowed to … Read more
Assetera, a Polygon-powered MiFID-licensed trading venue for blockchain-based securities in Europe, has listed Backed Finance’s tokenized assets, offering non-U.S. investors to gain exposure to trackers linked to some of the most sought-after U.S. companies. The initial launch includes tokenized trackers tied to the Nasdaq-listed Coinbase (COIN), one of the largest crypto exchanges in the world, … Read more
Crypto wallets connected to the Trump family-supported World Liberty Financial project purchased millions of dollars worth of various major tokens early Thursday, causing their prices to rocket. World Liberty Financial is a unified platform where users can borrow and lend cryptocurrencies, create liquidity pools and transact with stablecoins. WLFI serves as a governance token for … Read more
Only 0.55% of Microsoft (MSFT) shareholders voted for a proposal to put bitcoin (BTC) on the company’s balance sheet, according to a recent company filing with the Securities and Exchange Commission. The proposal to add bitcoin to Microsoft’s balance sheet was put to a shareholder vote on November 10 and was put forward by the … Read more
It’s not easy to pick what crypto tokens to invest in. Conventional wisdom among crypto natives is that you shouldn’t think too hard about it — after all, coins named after dogs, frogs or cats will regularly outperform tokens tied to legitimate projects. But that state of affairs cannot last forever, according to Cosmo Jiang, … Read more
The booming stablecoin market hit another milestone Wednesday, crossing the $200 billion total market value mark for the first time ever as demand accelerates and adoption expands for the assets. The asset class as a whole added $10 billion market value in only two weeks since it surpassed the 2022 bull cycle record of $190 … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Marc Hochstein, CoinDesk’s deputy editor-in-chief for features, opinion and standards. In this issue: What does Google’s quantum computing chip mean for Bitcoin? Dev’s defection highlights Ethereum’s growing Solana problem OrdinalsBot inscribes largest-ever file on Bitcoin blockchain Polygon touts … Read more
With the highly successful introduction of spot bitcoin exchange-traded funds, the U.S. crypto regulatory situation looking much rosier now that former President Donald Trump has been elected for a second term, and the bullish price action, it’s undeniable that 2024 was a big year for crypto. But things could get even crazier in 2025, according … Read more
One of the most significant factors for the crypto industry lies not in market dynamics, but in the political arena. Trump’s pro-crypto rhetoric certainly grabbed headlines, but the real catalyst for banks and other financial intermediaries is likely a Republican sweep in Congress, given that most of his pledges would require legislative approval. With strong … Read more