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Markets

Cardano's Charles Hoskinson reveals $3 billion unrealized loss in crypto rout

He stressed long-term commitment, prioritizing the development of decentralized systems over short-term price fluctuations.

Charles Hoskinson

Finance

Forget the bank account: EY warns firms they must own the wallet to keep their customers

EY Digital Assets leaders Mark Nichols and Rebecca Carvatt argue that the wallet is no longer just a crypto tool, but the primary strategic interface for the next generation of global finance.

A man holds open an empty leather wallet. (Andrew Khoroshavin/Pixabay)

Markets

Ether's recent crash below $2,000 leaves $686 million gaping hole in trading firm's book

The firm’s looped ETH long position unraveled this week as ether's price crashed, resulting in an estimated $686 million loss.

Trading firm suffers huge loss due to ether crash. (Getty Images+/Unsplash)

Markets

BlackRock bitcoin ETF options saw record activity during crash, sparking theories of hedge fund blowup

Options trading on BlackRock's spot bitcoin ETF, IBIT, surged to a record 2.33 million contracts on Thursday as bitcoin crashed.

Ship on turbulent waters. (Pixabay)

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Markets

Galaxy Digital shares jump 18% after company approves $200 million buyback

The repurchase plan follows a volatile earnings week and signals confidence in the firm’s balance sheet.

Mike Novogratz, Founder and CEO, Galaxy Digital. (CoinDesk)

CoinDesk News

Ondo wants to rebuild prime brokerage on-chain — and perps are the first step

Ondo showcases rapid growth in tokenized assets and unveils plans to turn that momentum into a full-stack on-chain financial services ecosystem at its summit.

CoinDesk

Markets

Here's what Wall Street analysts are saying about Strategy after massive Q4 loss

The numbers weren't pretty, but the fourth-quarter loss does not signal a cash crunch or the necessity of bitcoin sales, say analysts.

Michael Saylor, Executive Chairman of Strategy (MSTR)

Markets

Bitwise says peak anxiety signals crypto market is nearing a bottom

The crypto asset manager argued that while the current drawdown mirrors the anxiety of 2018 and 2022, long-term upside catalysts remain intact.

Bitwise Chief Investment Officer Matt Hougan (CoinDesk Archives)

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Markets

Here's what Wall Street analysts are saying after IREN's earnings miss

The weaker results were tempered by continued progress in the bitcoin miner’s shift toward AI infrastructure.

Bitcoin miners (Shutterstock)

Markets

Citi cuts Coinbase price target to $400 after stock's 65% plunge from record high

The bank trimmed its Coinbase revenue and earnings forecasts amid a brutal risk-off environment for crypto and delays around U.S. market structure legislation.

Coinbase