Author: Coindesk

What was setting up to be a somewhat sleepy session ahead of the holiday weekend is no more as President Trump woke up and chose to reignite what had been cooling trade tensions.”The European Union … has been very difficult to deal with,” said the president in a Truth Social posting. “Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% tariff on the EU, starting on June 1.”The leader of the free world also took aim at Apple (AAPL) and its CEO Tim Cook. “I have long ago informed Tim Cook of Apple that I…

Progress on the stablecoin bill in the U.S. could lead to a multi-year crypto bull market, asset manager Bitwise said in a report Tuesday.The Senate agreed to advance the GENIUS Act to a final vote on Monday, the report noted, which means that the U.S. could pass its first piece of crypto legislation this summer.”Outside of the January 2024 approval of spot bitcoin ETFs, this is the most important regulatory development in the history of crypto. It may even be bigger,” wrote Matt Hougan, chief investment officer at Bitwise.Stablecoins are cryptocurrencies whose value is tied to another asset, such as…

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and…

Major U.S. banks are weighing launching a joint stablecoin to fend off crypto competition.Financial heavyweights like JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC), have held discussion on the subject, the Wall Street Journal reported, citing people familiar with the matter. The talks are still in early stages and could change, the report added. Within the consortium are also payments ventures owned by these banking powerhouses, like Early Warning Services, which runs Zelle, and The Clearing House, which handles real-time payments.Stablecoins are cryptocurrencies pegged to the value of another asset like a fiat currency or…

Bitcoin has entered a strong accumulation phase across all wallet cohorts for the first time since January, signaling renewed bullish sentiment as the largest cryptocurrency trades above $110,000, an 18% gain over the past month. Glassnode’s Accumulation Trend Score has reached its maximum value of 1.0, indicating broad-based, aggressive accumulation by investors irrespective of the amount of BTC they already hold. The metric evaluates the relative strength of buying by different wallet sizes, factoring in both their existing holdings and the amount acquired over the past 15 days. It excludes exchanges and miners to avoid distortion. The latest accumulation wave…

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and…

The last time Justin Sun set foot in the U.S. he was Grenada’s WTO ambassador and was navigating the rocky waters of former President Biden’s crypto crackdown.Times have changed. Now, he’s dining at an event hosted by President Donald Trump for the largest holders of his TRUMP memecoin and celebrating a regulatory breakthrough, as issuers eye a potential Tron ETF, signaling a striking reversal in crypto’s American fortunes.Speaking exclusively with CoinDesk after the Presidential dinner, which was met by protestors, the Tron founder dismissed allegations that the token is a vehicle for bribery. He called skeptics short-sighted, arguing Trump’s embrace…

Bitcoin (BTC) project Roxom Global is building a BTC-denominated securities exchange and a 24/7 media network dedicated entirely to bitcoin.Roxom has raised $7.9 million in investment for its exchange from Draper Associates, Borderless Capital, ego death and Kingsway Capital and $10 million in a private funding round for RoxomTV, according to an announcement shared with CoinDesk on Thursday.It is building a bitcoin-denominated exchange with futures, spot markets and synthetic instruments priced and settled in BTC. Roxom aims to “bring Bitcoin standards to global finance,” CEO Borja Martel Seward said in the announcement.The exchange is focused on Latin America, Europe and…

The skalds of Bitcoin Twitter have sung of the historic moment, the “first real world purchase” with bitcoin, and pundits have etched the story into the internet’s memory with headlines about the infamous Bitcoin Pizza Purchase, now dearly valued at more than $1 billion.But what if I told you that Hanyecz spent nearly 10 times more bitcoin following the historic purchase? And, what if I told you that perhaps Hanyecz did so as ostensible penance for his much more consequential contribution to Bitcoin in its uncertain infancy?He was a Bitcoin technical pioneerThe penumbra of Hanyecz’s Pizza Day purchase has overshadowed…

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 3347.55, up 4.5% (+143.83) since 4 p.m. ET on Wednesday.All 20 assets are trading higher.Leaders: AVAX (+11.2%) and NEAR (+7.9%).Laggards: SUI (+2.4%) and XRP (+2.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Read the full article here