Francisco Rodrigues

Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold.

Francisco Rodrigues

Latest from Francisco Rodrigues


Finance

Bitwise Adds Proof of Reserves for Bitcoin, Ether ETFs

The process involves daily on-chain holdings verification, reconciling balances with the number of fund shares outstanding.

Stacks of paper files in an office (Wesley Tingey/Unsplash)

Markets

PEPE Falls 3% as Heavy Selling Overwhelms Bounce Attempts Despite Whale Accumulation

Despite the sell-off, whale accumulation appears to be robust, with PEPE whales on Ethereum adding 1.4% to their holdings over the past seven days.

PEPE price chart (CoinDesk Data)

Markets

BitMine Immersion Surges 40% After Revealing $500M ETH Treasury

The shares rose over 40% after revealing the large ETH holdings, following a 50% drop after a $2 billion at-the-market offering.

Stock market price charts (Anne Nygård/Unsplash)

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Markets

Another BTC Mining Firm Moves Into Ethereum Reserve, Hailing ETH as ‘Digital Gold’

The investment adds to the growing public ether treasuries, which currently hold over 1.34 million ETH, according to a public tracker.

gold bars (Philip Oroni/Unsplash+)

Markets

Pump.fun Swiftly Raises $500M in Public Sale at $4B Fully Diluted Valuation

All 125 billion tokens sold at $0.004 each, giving PUMP a $4B fully diluted valuation; post-sale tokens stay initially frozen for up to 72 hours.

Pump.fun's swap tool (Danny Nelson/CoinDesk)

Web3

Tether to Halt USDT on Omni, BCH, Kusama, EOS, Algorand as Focus Shifts to Layer 2s

The decision is due to declining usage of USDT on these networks over the past two years and as the company moves its focus to newer platforms such as Layer 2s.

U.S. Capitol and Tether (Jesse Hamilton/CoinDesk)

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Markets

Coinbase’s Pudgy Penguin Avatar Change, ETF Hopes Ignite 60% PENGU Rally

The move also lifted the floor price of Pudgy Penguin NFTs and increased volume by nearly 690%.

Pudgy Penguins is a collection of 8,888 unique penguins with proof of ownership stored on the Ethereum blockchain. (Screenshot: OpenSea)

Markets

PEPE Jumps 14% as Whales Pile In, Bitcoin Breaks $118K in Broad Crypto Rally

The top 100 addresses increased their holdings by 2.3% over the past month, while exchange holdings have dropped by 2.17%.

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