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


Markets

Ethena's USDe Briefly Loses Peg During $19B Crypto Liquidation Cascade

USDe recovered quickly, and Ethena Labs confirmed that the mint and redeem functionality remained operational, with the stablecoin remaining overcollateralized.

A bear roars

Markets

‘Largest Ever’ Crypto Liquidation Event Wipes Out 6,300 Wallets on Hyperliquid

The sell-off erased over $1.23 billion in trader capital on Hyperliquid and $19 billion across the crypto market in a 24 hours.

Stylized bull and bear face off

Markets

Norwegian Officials Probe Major Polymarket Bets on Nobel Peace Winner

A trader with a new account and no prior betting history placed a $70,000 bet on Venezuelan opposition leader Maria Corina Machado winning the prize.

Magnifying glass

Markets

Gold-Backed Tokens Hold Firm in $19B Crypto Rout, but Rally May Be Near Exhaustion

Gold-backed tokens have been a refuge for crypto investors, with year-to-date gains of over 50%, mirroring gold's historic rally.

Gold bars.

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Markets

‘Distribution Is the Key’: BNB’s 129% Rally Mirrors Solana’s 2024 Surge

The recent surge in BNB's price appears to be driven by Binance's scale and user reach, with $14.8 billion in inflows last quarter.

BNBUSD chart (CoinDesk Data)

Markets

BNB Falls 2% as Memecoin Trades Unwind Despite 'Hard to Ignore' Rally

BNB's price movement follows a 45% surge in the past month, which made it the third-largest cryptocurrency by market capitalization.

BNBUSD (CoinDesk Data)

Finance

QumulusAI Secures $500M Blockchain-Backed Facility to Scale AI Compute Infrastructure

The non-recourse facility allows QumulusAI to borrow stablecoins against up to 70% of its approved GPU deployments.

Data center servers

Finance

SoftBank’s PayPay Buys 40% Stake in Binance Japan to Fuse Crypto With Cashless Payments

The partnership will allow PayPay's 70 million users to buy, sell, and store digital assets, starting with the integration of PayPay Money into Binance Japan.

A pair of hands resting on a keyboard with an iPad showing graphs and price quotes. (Kanchanara/Unsplash/Modified by CoinDesk)