Crypto markets opened the week under pressure, extending losses after a volatile weekend as bitcoin BTC$68,918.69 showed tentative signs of stabilizing below $70,000. Even though the largest cryptocurrency has fallen more than 2.8% in the past 24 hours, it remains well below its recent low of around $60,000. Still, it has struggled to regain momentum […]
Bitcoin BTC$68,657.39 mining difficulties fell about 11%, its biggest drop since China’s crackdown on the industry in 2021, after a sharp drop in hashrate triggered by falling prices and widespread outages linked to winter storms in the United States. Mining difficulty, which determines the difficulty of finding new Bitcoin blocks, adjusts approximately every two weeks
Mining difficulty dropped the most since 2021 as miners capitulate Read More »
Bitcoin BTC$69,630.63 plunged earlier this month to nearly $60,000, erasing large amounts of value in the crypto market and vaporizing some trading funds. Most observers attributed the decline to macroeconomic forces, including the capitulation of cash ETF holders (and possible rumors that the funds had blown their positions). Another, quieter force that generally keeps trade
Here’s How “Invisible Hands” Likely Accelerated Bitcoin’s Fall to $60,000 Read More »
Tether, the crypto company behind the world’s most popular stablecoin USDT$0.9993continued its hoarding of gold over the past month, ranking among the world’s top 30 owners of the metal and overtaking several sovereign countries, according to a report released Sunday by Wall Street investment bank Jefferies. The stablecoin issuer’s gold reserves reached around 148 tonnes
Story Protocol co-founder SY Lee defended the project’s decision to push back the unlocking of its first major IP token until August 2026, in a recent interview with CoinDesk, saying blockchain needs “more time” to grow usage and that near-zero on-chain revenue is “the wrong metric” for an IP and AI data network. The six-month
Story co-founder defends token unlock delay, says project needs ‘more time’ Read More »
South Korea’s top financial watchdog is stepping up oversight of crypto markets days after a local exchange mistakenly distributed billions of dollars’ worth of bitcoin to users. The Financial Monitoring Service said Sunday it would launch planned investigations into “high-risk” practices that undermine market order, including large-scale price manipulation by so-called whales, trading schemes related
$44 Billion BTC Mistake Puts South Korean Regulators on Alert Read More »
A new report from digital asset manager CoinShares pushes back against the growing narrative that Bitcoin faces a looming quantum computing crisis, arguing that only a small portion of supply is realistically at risk in a way that could move markets. Saturday’s report challenged widely cited estimates suggesting that up to 20% to 50% of
Only 10,200 BTC poses enough quantum risk to move markets, says CoinShares Read More »
Japan’s Nikkei 225 index hit a record high on Monday, crossing the 57,000 level with a 3.4% gain following the decisive “supermajority” victory of Prime Minister Sanae Takaichi in Sunday’s general election, according to Nikkei Asia. This political mandate gave the green light to Takaichi’s aggressive expansionary fiscal program, which includes a massive $135 billion
Record 56,000 Nikkei Rise in Japan Sends Bitcoin to $72,000 and Gold Past $5,000 Read More »
CoinDesk is hosting our second annual Consensus Hong Kong conference and, as always, we will be hosting a number of policy-focused sessions. Are you in town? Meet me on stage or in the lounge and say hello! You’re reading State of Crypto, a CoinDesk newsletter that examines the intersection of cryptocurrency and government. Click here
Hong Kong Consensus 2026 Preview Policy: State of Crypto Read More »
As crypto’s months-long slowdown accelerated into freefall last week, bulls were frantically searching for technical signals, or perhaps news of a leveraged hedge fund blowing up, that could signal a final bottom for this bear market. Perhaps the ultimate sign of a bottom could be the cheers of those who have been faithfully bearish on
BTC Surely Closer to the Bottom Than the Top as Bears Celebrate Read More »
