Aoyon Ashraf

Aoyon Ashraf is CoinDesk's Global Head of News and is responsible for all of the editorial content and strategies. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from the University of Toronto with a degree in mining engineering. He holds ETH, BTC, and SOL that are above CoinDesk's disclosure threshold of $1,000. He also holds LINK, ATOM and some other altcoins that are below CoinDesk's disclosure threshold of $1,000.

Aoyon Ashraf

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Finance

Canaan to Exit AI Chip Business, Double Down on Bitcoin Mining Amid Realignment

Prior to the decision, the company said it had actively explored options for selling the AI chip business.

Canaan's new Avalon 1266 model at the Bitcoin 2022 conference. (Aoyon Ashraf/CoinDesk)

Markets

Solana's SOL Falls 8% as Traders Brace for Fallout From a Spike in Oil Price

Solana sank to $128.82 on heavy volume after a sharp sell-off triggered by confirmed U.S. military action against Iran.

SOL price chart showing 24-hour decline from $140.98 to $127.25, ending at $128.82.

Markets

Bitcoin Price Slips Below $100K, Hinting Oil-Led Risk-Off on Wall Street

Bitcoin fell below $100,000 on Sunday, its lowest point since May 8. XRP, ETH and SOL followed suit.

BTC's price. (CoinDesk)

Markets

ADA Takes a Hard Fall as Traders Feel the Heat of War in the Middle East

ADA dropped to $0.5478 amid heightened geopolitical tension, even as Ford lends its name to a blockchain legal-data pilot built on the network.

ADA 24-hour price chart showing drop from $0.586 to $0.5464 and last price at $0.5478

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Markets

Dogecoin Drops 8% but Shows V-Shaped Recovery in Boost for Bulls

Memecoin rebounds from sharp correction as volume-based support suggests potential bottom formation.

(CoinDesk Data)

Markets

Bitcoin Rallies Above $102K After Panic Sellers Dump Into War Fears

Bitcoin fell to $101K before reversing sharply with high-volume support, as hedge fund James Lavish rebukes war-driven selling.

Bitcoin price chart showing low of $100,962, high of $103,970, and last price above $102,800

Markets

ETH Drops 8% in Flash Crash, Recovers After Buyers Step In

Ether plunged to $2,224 before bouncing back to $2,292, with five times normal trading volume fueling a fast recovery.

Ether 24-hour price chart showing crash from $2,406 to $2,224 and partial recovery to $2,292

Finance

Czech Government Survives No-Confidence Vote Over $45M Bitcoin Donation

Lawmakers rejected an attempt to oust Prime Minister Fiala after a controversial $45M bitcoin donation to the state was accepted.

Czech Republic flag on top of building in Prague (R M/Unsplash)

Markets

What Are Savvy Bitcoin and Ether Traders Preparing for as Summer Approaches?

Traders are seemingly shoring up their defenses.

Traders get defensive as summer nears. (Familyschaffner/Pixabay)