Author: Coindesk
After a frustrating few weeks in which bitcoin (BTC) prices seemed to move tick for tick with the Nasdaq, the world’s largest crypto is showing some signs of going its own way as stock prices go from struggling to plunging.With the Nasdaq following up its 6% tumble on Thursday with another 5% decline halfway through the day on Friday, the price of bitcoin is holding at around $83,000. That’s about 1% higher over the past 24 hours and lower by just 3.5% since President Trump announced his tariff package on Wednesday evening.Bitcoin is also greatly outperforming crypto-related stock like Coinbase…
When Ethereum’s hottest startup of last year, EigenLayer, launched a year ago to massive expectations — many community members were quick to criticize that it was lacking a critical feature.An announcement from the project on Wednesday said that the feature — slashing — is finally set to arrive on April 17. The introduction of slashing will mark the first “feature complete” version of the protocol.EigenLayer pioneered the concept of restaking, a way for Ethereum users to secure additional protocols beyond the base layer by recommitting their staked Ether. Slashing was supposed to be a core part of this system, providing…
After U.S. President Donald Trump’s reelection in November, optimism surged among crypto companies eyeing the public markets. Trump floated big promises: clearer rules for the industry and ambitions to make America the crypto capital of the world.For a moment, it looked like the floodgates might open. IPO pipelines buzzed with activity. Founders dreamed of ringing the opening bell. But beneath the surface, storm clouds were gathering. A bull market is the lifeblood of successful listings, and few foresaw just how rocky the road ahead would become.Circle didn’t wait for perfect conditions. After years of false starts and regulatory hangups, the…
Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) retreated from record highs on Friday amid a global financial-markets sell-off that erased $2.5 trillion from U.S. equities alone in a single day after U.S. President Donald Trump unveiled his reciprocal tariffs.The tokens, which are backed by physical gold and track its price, initially rallied as investors sought shelter from the uncertainty the tariffs introduced. Gold is usually seen as a haven investment, but large-scale losses in equity markets often force investors to liquidate safer assets to cover margin calls and cash out losses.PAXG climbed to an all-time high of…
Riot Platforms (RIOT) reported strong operational performance in March 2025, highlighted by continued expansion into the artificial intelligence (AI) and high-performance computing (HPC) sector. The company’s bitcoin (BTC) production last month rose to 533 BTC, the most since the reward halving almost a year ago. The figure represents a month-on-month increase of 13% and 25% more than a year before. Bitcoin holdings grew to 19,223 BTC.Riot said it plans to “aggressively pursue” development of its Corsicana facility to capitalize on rising demand for compute infrastructure used in AI and HPC. A recently completed feasibility study by industry consultant Altman Solon…
OKX’s Europe company—also known as OKCoin Europe, a subsidiary of crypto exchange OKX—was fined 1.05 million euros ($1.2 million) by Malta’s financial watchdog on Thursday for breaching the country’s money laundering rules.The Financial Intelligence Analysis Unit (FIAU) said the company failed to assess the money laundering and financing of terrorism risks emanating from the products it offers and had violated parts of the country’s Prevention of Money Laundering and Financing of Terrorism Regulations.”Regulatory compliance is a top priority for OKX, and we remain committed to meeting and exceeding global regulatory standards,” OKX said in a statement.The company also said it…
The U.S. employment situation continued to roll along in strong fashion in March, adding another piece to the puzzle as the Federal Reserve contemplates the path of short-term interest rates in a world that’s markedly changed in the last 48 hours.Nonfarm payrolls rose by 228,000 last month, the Bureau of Labor Statistics reported Friday morning. Economists had expected a gain of just 135,000 following February’s increase of 117,000 jobs (revised from an originally reported 151,000).The unemployment rate for March, however, rose a tick to 4.2% against economist consensus of 4.1% and February’s 4.1%.The price of bitcoin (BTC) was little-changed in…
The VIX index, which shows the equity market’s expectations for 30-day volatility and is often called Wall Street’s “fear gauge,” rose to 39, the highest since October 2020, after China imposed retaliatory tariffs on the U.S., data from TradingView show.The increase, coupled with the sharp sell-off in the U.S. stock-index futures, prompted traders to increase estimates of Federal Reserve interest-rate cuts to 116 basis points this year, up from 100 basis points before the China news hit the wires, CME’s FedWatch tool shows. Bitcoin (BTC) traded 0.7% lower on the day at $82,500 at press time, having earlier put in…
Risk sentiment worsened during the European hours Friday after China announced retaliatory tariffs on all goods, responding to Trump’s Wednesday decision to boost the overall levy on Chinese goods to 54%.Bitcoin, the leading cryptocurrency by market value, fell by $1,600 to $83,000, erasing the early rise to $84,600, CoinDesk data shows. Other tokens like XRP, ETH, SOL and DOGE also reversed early gains to trade largely flat on the day.Meanwhile, futures tied to the S&P 500 and Nasdaq fell over 2% amid escalating global trade tensions.”China’s response is not only negative for the U.S. but it is also impacting the…
Solana’s SOL token is poised for a potential price swing of almost 6% after some large investors, or whales, dumped their holdings ahead of the U.S. non-farm payroll (NFP) report due later Friday.This estimate comes from Volmex’s one-day implied volatility index (IV) for SOL. At press time, the index showed a one-day reading annualized at 109.70%, indicating an expected 24-hour price volatility of 5.74%. (The daily figure is derived by dividing the annualized volatility by the square root of 365, the number of trading days in a year.)A movement that size represents moderate volatility, especially considering that the cryptocurrency has…