White House AI and crypto czar David Sacks has fired back at The New York Times over a report detailing how his government advisory role could benefit his investments and his close associates. Sacks said in a post to X that despite having “debunked in detail” the Times’ reporting over the past five months, the … Read more
North Korean state-backed hackers, the Lazarus Group, primarily employed spear phishing attacks to steal funds over the last year, with the group receiving the most mentions in post-hack analyses over the last 12 months, according to South Korean cybersecurity company AhnLab. Spear phishing is one of the most popular methods of attack by bad actors … Read more
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin slid below $90,000 during Hong Kong’s morning hours as Japanese bond … Read more
Bitcoin failed to break key resistance over the weekend and slumped almost 5% in just three hours on Sunday. The asset had spent most of the weekend trading around $91,500, where it appeared to be consolidating toward the end of the month, but suddenly declined to $86,950 on Coinbase, according to Tradingview. The almost 5% … Read more
Bitcoin BTC$87,466.90, ether ETH$3,007.72 and other major tokens slipped early Monday, extending a bruising November close amid fresh panic from DeFi platform Yearn Finance. BTC, the leading cryptocurrency by market value, fell over 3% to nearly $87,000 during the early Asian trading hours. Ethereum’s native token ETH fell 5% while SOL, DOGE, XRP fell over 4%, … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s BTC$90,993.53 recovery has stalled just above $91,000 in the past 24 hours, though the broader market shows modest strength with the CoinDesk 20 (CD20) Index up 0.5% and the CoinDesk 80 (CD80) Index gaining 1%. The market has stabilized since last Friday, when the BTC … Read more
Today in crypto: Tether CEO hits back at S&P fear, uncertainty, and doubt, Strategy CEO Phong Le says Bitcoin would only be sold if the company’s stock falls and funding options disappear. Meanwhile, Nasdaq is aiming to move as possible on its tokenized stocks proposal. Tether CEO hits back at S&P fear, uncertainty, and doubt … Read more
Bitcoin BTC$90,542.39 has now tumbled 30% or more three times in the current cycle. The latest stands out in terms of how BTC’s dominance behaved during the correction — falling rather than rising, as usually happens. BTC dropped to nearly $80,000 late last week, a 36% decline from October’s all-time high above $126,000. The downturn … Read more
Continuing a rally that’s come alongside a sharp rise in odds of a Federal Reserve rate cut in early December, bitcoin BTC$91,000.05 rose to the $93,000 in early U.S. trading hours on Friday. At press time, bitcoin had pulled back to $92,500, still up 2% over the past 24 hours and now ahead about 15% … Read more
mNAV has become the go-to valuation shorthand for bitcoin treasury stocks — but a growing number of analysts are warning it oversimplifies the story. The rise of mNAV in bitcoin finance Over the past few years, a class of publicly traded companies has emerged whose primary value proposition is holding bitcoin on their balance sheets. … Read more