Author: Coindesk
Bitcoin (BTC), the world’s largest cryptocurrency, is likely to reach new highs next year and will “test or best” $185,000 in the fourth quarter of 2025, Galaxy Research said in a report last week.Ether (ETH), the second-largest crypto, is predicted to rise above $5,500 in the next 12 months, the report said.”A combination of institutional, corporate and nation state adoption will propel bitcoin to new heights in 2025,” wrote Alex Thorn, Galaxy’s head of research.Galaxy said it expects five Nasdaq-100 companies and five nation states to say they have added bitcoin to their balance sheets or sovereign wealth funds next…
XRP led crypto losses on the second-last day of this year as a stronger dollar weighed down global currencies and assets including bitcoin, with Asian equity markets sliding lower on Monday.XRP sunk more than 5% in the past 24 hours, with dogecoin (DOGE), Solana’s SOL, ether (ETH) and BNB falling as much as 2%. Overall market capitalization fell 3%, while the broad-based CoinDesk 20 (CD20), an index tracking the largest tokens, minus stablecoins, shed 3.5%.US equities declined on Friday and as investors trimmed positions amid uncertainty heading into year-end. An Asia Pacific index reversed 5-day gains, while futures contracts on…
Terraform creator Do Kwon will be extradited to the U.S., Montenegrin Justice Minister Bojan Božović said Friday.The U.S. and South Korean governments have both sought to take custody of Kwon to face criminal charges related to the collapse of the algorithmic stablecoin Terra/Luna system in 2022, which kicked off a series of high-profile collapses including that of FTX. Kwon, who was arrested in Montenegro in March of 2023 and sentenced to a few months in prison over passport forgery charges, has been fighting his extradition to the U.S. for more than a year. Various courts in the country have ruled…
The dominant crypto narrative for 2024 has been institutional adoption. From the U.S. approval of spot bitcoin (BTC) exchange-traded funds to the burgeoning number of companies pledging to buy the largest cryptocurrency for their treasuries, crypto has entered, more than ever before, the mainstream conversation.Bitcoin has increased almost 130% this year, breaking record highs on several occasions. It is currently hovering near the psychological threshold of $100,000. The ETFs approved in January have seen net inflows of $36 billion and amassed over 1 million BTC.In addition, the number of publicly traded companies saying they’re adding bitcoin to their corporate treasury…
Stalled bitcoin (BTC) and crypto prices may not be bringing festive cheer to traders, but some with money are trying to spread the goodwill around.Ethereum co-founder Vitalik Buterin said he’d accepted an invitation to be the “adoptive father” of pygmy hippo Moo Deng when she grows up. He is also donating 10 million Thai baht ($300,000) to the Khao Kheow Open Zoo near Bangkok where the five-month-old lives, he said in a Thursday posting on X.The donations, made in Moo Deng’s name, will be used to upgrade general zoo operations and create a dedicated pygmy hippo habitat within the premises.Buterin…
South Koreans are paying a full 3% more to buy bitcoin (BTC) than their U.S. counterparts as they seek protection from the plummeting won, CryptoQuant data show.Priced in won, the largest cryptocurrency is valued at 145,000,000 ($98,600) on the country’s largest crypto exchange, Upbit. That compares with about $96,700 on Coinbase (COIN). The move follows a vote by the South Korean parliament to impeach Han Duck-soo, the prime minister and acting president, just weeks after impeaching President Yoon Suk Yeol. The won slumped a 15-year low against the dollar.”This unfolding saga is fundamentally about election fraud and the erosion of…
A Pump.Fun memecoin zoomed from zero to an $80 million market capitalization on Thursday after a father’s plea for donations into a research study for his daughter’s rare brain cancer attracted swathes of crypto traders.The token’s prices have since fallen 80% since a Thursday peak and trade at just over a cent as of Friday. But while late buyers are sitting on losses, the effort still raised over $1 million for the cause.In an X post on Thursday, Runaway founder Siqi Chen said his daughter Mira was diagnosed with a type of brain tumor in September and that research and…
With much of the globe celebrating Christmas, bitcoin (BTC) quietly appeared set to retake the $100,000 level after having fallen to below $93,000 just ahead of the holiday.The rally, however, stalled at just above $99,800 as Asia opened for business on Thursday morning and declined rapidly to roughly $95,000 only a few hours later.Bitcoin at press time was trading at $95,300, down 3.1% over the past 24 hours.The broader CoinDesk 20 Index was lower by 4.2% over the same time frame, with ETH, SOL, XRP, ADA and AVAX among cryptos in that gauge sporting 4%-7% losses.U.S. markets are open on…
The X account of Animoca Brands co-founder Yat Siu, one of CoinDesk’s Most Influential 2024, was compromised and used to promote a fictitious token, the company said in a post on the social media platform.Animoca, a metaverse and gaming venture capital firm, posted a warning on its own account at 01:36 UTC on Thursday saying Siu’s account had been compromised and the company was not introducing an official token or non-fungible token (NFT). ‼️🚨 Unfortunately @ysiu social media account has been compromised. There is no official token or NFT launch from Animoca Brands. The token launch on Solana as claimed…
Regulatory overhaul in America and a thawing of crypto antagonism globally in 2025 will usher in a new generation of decentralized capital formation, which was first popularized in 2017 as “ICOs” (initial coin offerings).During the 2010s, crypto hadn’t settled on a productive use case for Bitcoin and altcoins until Ethereum smart contracts enabled early-stage teams to raise capital from supporters dispersed around the world. We saw Ethereum bootstrap a global decentralized computer which spawned DeFi, NFTs and various crypto primitives funded by less than $20 million raised from a global community.Many other projects soon followed suit and we observed a…