Finance

<a href="https://www.coindesk.com/indices/" target="_blank">CoinDesk Indices</a> presents its daily market update, highlighting the performance of leaders and laggards in the <a href="https://www.coindesk.com/indices/cd20/" target="_blank">CoinDesk 20 Index</a>. The CoinDesk 20 is currently trading at 3974.18, up 1.8% (+70.68) since yesterday's close. Ten of 20 assets are trading higher. Leaders: RENDER (+14.7%) and LTC (+9.7%). Laggards: ETC (-5.7%) and ICP … Read more

The increased size of leveraged MicroStrategy (MSTR) exchange-traded funds (ETFs) and the flows they attract are having a more pronounced effect on the company’s stock and crypto markets than before, JPMorgan (JPM) said in a research report on Wednesday. These ETFs played a significant role in amplifying the stock’s near-60% rise in November, the bank … Read more

Bitcoin’s (BTC) market cap is consistently in excess of 50% of the size of the total crypto industry, meaning more funds are held in BTC than every other digital asset combined. With bitcoin dominance reaching multiyear highs of over 60% during the current bull market, projects built on other networks have been looking for ways … Read more

There were many crypto firsts in 2024: the first spot bitcoin ETF, the first spot ether ETF, the first time a pension fund invested in the asset class. But as the expression goes, they saved the best for last: In the waning days of the year, bitcoin (BTC) hit six digits for the first time. … Read more

Memecoins undoubtedly capture a big slice of crypto observers’ attention — even if not everyone is a fan. But data shows they’re gobbling up a growing amount of the crypto economy too. The sector — powered by the likes of dogecoin (DOGE) and Shiba Inu (SHIB) — made up 3.16% of the combined market capitalization … Read more

Bitcoin’s (BTC) price plunged below $94,000 late Thursday in rapid retreat from its newfound all-time high around $100,000. There was no immediately obvious reason for the drop. CoinDesk Indices data, which incorporates prices from several sources, shows bitcoin dropped as low as $93,468.34. Meanwhile, it got to about $90,500 on Binance and $92,000 on Coinbase. … Read more

President-elect Donald Trump has named David Sacks as the White House’s AI and Crypto Czar, announcing the appointment in a TruthSocial post Thursday night. “David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader … Read more

A heavyweight from the once-hot NFT era is now getting into the cryptocurrency issuance game. Pudgy Penguins launched three years ago as a set of 8,888 NFTs depicting colorful and comical birds. Now, the team behind the project tells CoinDesk that they will release a token called PENGU this year on the Solana blockchain. Nearly … Read more