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’s floor looks firmer at $80,000, but traders still don’t trust the breakout

BTC has recovered from Friday’s jobs-driven dip, but Enflux says overhead resistance remains intact while Glassnode’s market structure data suggests traders are buying the rally while still positioning for downside.

Bitcoin hero image

Markets

Trump fans put millions of dollars into a gold phone and a memecoin. Neither has gone well

Nearly 600,000 deposits worth $60 million have been collected for a gold T1 phone that has not been delivered to a single confirmed buyer, with terms quietly rewritten in April to remove delivery guarantees.

Donald Trump

Markets

Bitcoin mining pools with 75% of BTC hashrate join open standard for block construction

Foundry, AntPool, F2Pool, SpiderPool, and MARA Pool are among seven pools joining the Stratum V2 working group, putting nearly three-quarters of global bitcoin hashrate behind a protocol that returns block construction decisions to individual miners.

Bitcoin miners

Markets

A bitcoin whale that went silent in 2013 moves $40 million in BTC

A long-dormant whale woke up Sunday, moving millions worth of bitcoin on-chain.

Whales. (makabera/Pixabay)

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Tech

LayerZero says it ‘made a mistake’ in $292 Million Kelp exploit

After initially framing the exploit as a developer configuration failure, LayerZero said it “owns” the decision to let its own verifier secure high-value transfers in a vulnerable setup.

LayerZero CEO Bryan Pellegrino at Crypto Bahamas 2022 (Danny Nelson/CoinDesk)

Policy

Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

Judge Margaret Garnett allowed frozen exploit funds on Arbitrum to move to Aave, but the legal freeze follows the assets as terrorism plaintiffs continue their claim.

court, gavel

Markets

Arbitrum delegates back $71 Million ETH recovery plan despite U.S. seizure fight

DAO delegates approved releasing exploit-frozen ETH to an Aave-led recovery effort, though Arbitrum’s governance rules delay any transfer for at least eight days

(Brock Wegner/Unsplash)

Markets

Bitcoin slips below $80,000: Why the 'Trump rally' is hitting a wall of profit-taking

CryptoQuant says traders are cashing out into strength, Enflux ties the move to easing Hormuz tensions, while Glassnode argues bitcoin has reclaimed key levels needed for a broader recovery.

Brick wall (Michael Laut/Pixabay)

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Markets

Consensus panelists explain why Perp DEXes remain a tough sell for institutional investors

Panelists at Consensus Miami said institutional investors are still largely absent from perp DEXs, citing security risks and KYC friction as key barriers.

Panelists at Consensus Miam. (Consensus Miami/CoinDesk)

Markets

AI agents could solve crypto’s user problem

Chappy Asel says autonomous software may be more natural users of wallets and stablecoins than humans, though agentic payments remain mostly theoretical.

AI Collective founder Chappy Asel on stage at Consensus Miami (CoinDesk)