Sam Reynolds

Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.

Sam Reynolds

Latest from Sam Reynolds


Markets

Bitcoin rebounds toward $70,000 as ETFs pull in $1.45 billion in five days

Market maker Enflux says traders are not pricing catastrophe or resolution to the conflict in the Middle East, while Glassnode data shows improving spot demand but cautious derivatives positioning.

Bitcoin (TheDigitalArtist/Pixabay, modified by CoinDesk)

Tech

OKX jumps into AI agent race with new OnchainOS toolkit

Developer layer aims to stitch together wallets, swaps and data feeds for autonomous bots.

CoinDesk

Markets

Bitcoin climbs as BTC ETFs post one of the quarter’s biggest inflow days amid Iran volatility

U.S. BTC ETFs added $458 million, suggesting institutional buyers are absorbing the weekend shock that briefly sent BTC to $63,000.

ETFs (Markus Winkler/Pixabay, modified by CoinDesk)

Markets

NEAR token jumps 17% after ‘Confidential Intents’ launch, outpaces privacy tokens sector

Private execution layer aims to curb MEV and front-running as the token extends 40% weekly rally despite modest onchain earnings.

(NEAR's Illia Polosukhin at GTC 2024/Nvidia)

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Policy

Australia could unlock A$24 billion in digital finance gains, is on track for just A$1 billion

An OKX-backed report estimates tokenization and digital finance could generate A$24 billion annually, with productivity gains hinging on reforms to licensing, sandboxes and financial market rules.

Sydney Opera House (Stanbalik/Pixabay)

Tech

Hong Kong links up with Shanghai trade authorities to put cargo data on blockchain

HKMA teams up with mainland regulators to develop a cross-border platform linking cargo data and electronic bills of lading, aiming to cut trade finance friction and plug Chinese supply chains into global markets

(Zhou Xian/Unsplash)

Markets

Bitcoin, cryptos under pressure as oil spikes 6% and global markets price in U.S.-Iran conflict

Bitcoin fell back to $66,700 as traditional markets opened to their first chance to price the weekend's military escalation, with oil surging to $77 and Asian equities dropping 1.4%.

North Sea oil rig.

Markets

Hyperliquid's HYPE token jumps 5% as Iran war brings windfall revenue, JUP gains on supply freeze

Traders lean into supply compression stories in altcoins as Hyperliquid ramps up token burns and Jupiter freezes new emissions, even as bitcoin churns between $60,000 and $69,000 with muted flow.

cash pile (Unsplash)

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Markets

Polymarket bettors appear to have insider-traded on a market designed to catch insider traders

At least 12 wallets collectively made over $1 million betting on the outcome of ZachXBT's investigation before the findings went public, with one trader turning a $0.14 average entry on shares into $411,000 in profit.

hackers (Modified by CoinDesk)

Markets

Analysis: Block’s retreat to 2019 scale could be a hint of deeper shifts in payments economics

While Jack Dorsey cites AI-enabled productivity gains as the reason for Block's cuts, the deeper shift is in payments plumbing: stablecoin settlement threatens to compress the fee stack that fintech acquirers have relied on for years.

Block CEO Jack Dorsey (Joe Raedle/Getty Images)