Author: Coindesk

It’s a big week for those of us tasked with making the case for bitcoin and crypto as an investable asset class. While global markets have been ugly, unpredictable and fragile of late, digital assets held steady with moderate volatility.Bitcoin was up ~ 5% and the CoinDesk 20 Index was up ~ 6% last week. In a landscape where traditional assets seemed to lose their footing, crypto’s resilience offers an intriguing counternarrative to the skeptics who’ve long questioned its legitimacy during market stress.A week ago (April 6), I described the market as a bus teetering on a cliff’s edge. It…

South Korean regulators requested 14 apps from Apple — belonging to unreported foreign crypto operators — be blocked domestically, a statement said on Monday.Crypto exchanges KuCoin and MEXC are among the firms being targeted by the regulator, and domestic access to their apps have been blocked since April 11. CoinDesk reached out to KuCoin and MEXC for a comment.Foreign virtual asset business operators that want to operate in South Korea need to report to the Financial Intelligence Unit (FIU) in accordance with the Act on Reporting and Use of Specific Financial Transaction Information, the statement said.“Unreported business activities are subject…

Vitalik Buterin, the original creator of the Ethereum blockchain, is one of the most recognizable figures of the cryptocurrency industry. He’s often admired in the ecosystem for being highly technical while also deeply philosophical about technology’s role in society. For those that do not follow crypto closely, Buterin starkly contrasts the stereotypical image of a flashy cryptocurrency billionaire with his minimalism in his personal style as well as his geeky and awkward mannerisms.The documentary “Vitalik: An Ethereum Story,” which is set for global release April 15, tries to give us a peek into those aspects of Buterin, following his early…

Switzerland-based trading firm Laser Digital, which is part of the Nomura Group, has denied any involvement in the Mantra token flash crash that saw OM lose lose 90% of its value.”Assertions circulating on social media that link Laser to ‘investor selling’ are factually incorrect and misleading,” the firm wrote on X.Laser Digital went on to share its controlled Mantra wallet addresses, none of which show deposits to exchanges or selling activity.Speculation remains rife over why OM collapsed so violently. The Mantra team insist it was due to wider market pressures and centralized exchanges forcibly closing positions, which led to a…

XRP, Cardano (ADA), and Solana (SOL) tokens are exhibiting technical strength in a signal of potential short-term price recoveries, data indicates.Bullish patterns—XRP’s $2.00 breakout, ADA’s double bottom at $0.55, and SOL’s rally to above $130—suggest accumulation phases despite broader market volatility. However, a bitcoin drop below $80,000 or intensified macro pressures could limit gains.Alex Kuptsikevich, the FxPro chief market analyst, said in a note to CoinDesk that traders must await confirmation of a bitcoin trend reversal before long-term dip buying on major tokens. “Bitcoin has yet to confirm a growth reversal,” Kuptsikevich said. “The key area along the way is…

As Canada approaches a pivotal election on April 28, 2025, Lucas Matheson, CEO of Coinbase Canada, is positioning the cryptocurrency giant for influence in a market he believes is primed for blockchain innovation. I spoke with him about the cryptocurrency exchange’s expanding presence in Canada, the unique characteristics of the Canadian market, and his vision for the country’s crypto future. Our conversation revealed not only Coinbase’s strategic ambitions but also Matheson’s personal passion for advancing blockchain adoption in his home country.As a Canadian entrepreneur with experience in both traditional finance and tech startups who joined Coinbase after nearly six years…

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 2520.12, up 4.4% (+106.71) since 4 p.m. ET on Friday.Nineteen of 20 assets are trading higher.Leaders: SOL (+10.8%) and BCH (+8.0%).Laggards: ICP (-0.7%) and POL (+0.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Read the full article here

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).Strategy (MSTR) added another 3,459 BTC to its holdings last week, bringing its total bitcoin stash to 531,644 BTC.According to a regulatory filing on Monday morning, the company purchased the additional bitcoin for $285.8 million, at an average price of $82,618 per BTC.In total, Strategy now holds 531,644 BTC, acquired for a cumulative $35.92 billion, at an average cost of $67,556 per bitcoin.The latest acquisition was funded through the sale of TKTK shares of common stock.Shares of MSTR are up 1% in premarket trading, tracking bitcoin’s steady price above…

By Omkar Godbole (All times ET unless indicated otherwise)The new week is off to a silent start as bitcoin looks to establish a foothold above the trendline, characterizing the downtrend line from record highs, with $86K emerging as resistance over the weekend. FLR, TRX and SOL beat the broader market, while the RWA protocol Mantra’s OM token tanked during the Asian hours.Mantra blamed the 90% crash to 70 cents on forced liquidations on crypto exchanges, while blockchain sleuth Spot On Chain pointed to a significant movement of coins to crypto exchange OKX three days before the crash. Meanwhile, OKX’s CEO…

Ray Dalio is sounding the alarm — not just about a potential recession, but about a deeper, systemic breakdown of the global economic and political order in an interview with CNBC on Sunday. His concerns aren’t just about market volatility; they point to a broader structural fragility.Interestingly, bitcoin (BTC) has been showing resilience amidst the chaos. The digital asset has broken a three-month downtrend and is approaching $85,000, signaling it may be stepping into a role as a potential alternative safe haven.Mixed signals continue from the White House on tariffs, adding to the growing uncertainty weighing on global markets. As…