Latest Crypto News

Finance

Bitcoin crashed to $55,000 on Bithumb after exchange accidentally airdropped users 2,000 BTC

An internal reward distribution mistake briefly sent bitcoin prices sharply lower on South Korea’s Bithumb exchange after users were mistakenly credited with large phantom balances.

South Korea (Photo by Daniel Bernard on Unsplash/Modified by CoinDesk)

Policy

China expands crypto crackdown to stablecoins, asset tokenization

The set of new rules reaffirm China’s hardline stance on crypto and impose restrictions on tokenized real-world assets and overseas issuance of yuan stablecoins.

China flag (Unsplash)

Markets

Bitwise says peak anxiety signals crypto market is nearing a bottom

The crypto asset manager argued that while the current drawdown mirrors the anxiety of 2018 and 2022, long-term upside catalysts remain intact.

Bitwise Chief Investment Officer Matt Hougan (CoinDesk Archives)

Markets

Record breaking stats from bitcoin’s Thursday capitulation signal a bottom is near

Extreme capitulation metrics are now matching levels seen only at major cycle lows.

Computer monitors and a laptop screen show trading charts on a desk overlooking an expanse of water at sunset. (sergeitokmakov/Pixabay, modified by CoinDesk)
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Markets

Bitcoin rises past $68,000, extending bounce from Thursday's crash

Strategy, MARA Holdings and Galaxy Digital are among crypto-related stocks posting double-digit percentage gains early Friday.

Tug of war. (Shutterstock)

Finance

Bitfarms shares surge after it ditches its 'bitcoin company' identity and doubles down on AI with U.S. move

The company said it will focus on building data centers for high-performance computing and artificial-intelligence workloads.

Bitfarms facility in Saint-Hyacinthe, Quebec, Canada.  (CoinDesk archives)

Markets

Here's what Wall Street analysts are saying after IREN's earnings miss

The weaker results were tempered by continued progress in the bitcoin miner’s shift toward AI infrastructure.

Bitcoin miners (Shutterstock)

CoinDesk Indices

CoinDesk 20 Performance Update: Ripple (XRP) Surges 20.1% as All Assets Trade Higher

Hedera (HBAR) was also among the top performers, rising 13.1% from Thursday.

9am CoinDesk 20 Update for 2026-02-06:
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Markets

Citi cuts Coinbase price target to $400 after stock's 65% plunge from record high

The bank trimmed its Coinbase revenue and earnings forecasts amid a brutal risk-off environment for crypto and delays around U.S. market structure legislation.

Coinbase

Finance

Metaplanet commits to bitcoin accumulation even as shares decline

Metaplanet, Asia's largest publicly traded holder of bitcoin, is currently deep in the red, with its average acquisition cost per bitcoin at roughly $107,000.

Bitcoin Treasuries

Markets

XRP at center as Ripple lays out institutional DeFi blueprint for XRPL

Ripple and XRPL developers say recent mainnet upgrades and upcoming features position the XRP Ledger as a hub for regulated, real-world finance.

Ripple

Crypto Daybook Americas

Recovering bitcoin still faces macro risks

Your day-ahead look for Feb. 6, 2026

Ship on turbulent waters. (Pixabay)
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Markets

ARK offloads $17 million of Coinbase, adds $18 million of Bullish amid crypto rout

COIN lost 13.34% on the day to close at $146.12 amid ongoing tanking of the crypto market which has seen bitcoin fall as low as $60,000, its lowest since November 2024.

Ark Invest CEO Cathie Wood

Markets

Crypto market brightens after selloff that sent bitcoin to lowest since October 2024

A brutal crypto selloff erased $2.6 billion in leveraged bets, sent bitcoin to $60,000 and left markets deeply oversold.

Trading screen

Markets

Weak earnings drag IREN, Amazon; bitcoin stocks rebound in pre-market

Earnings disappointments weigh on AI related tech, while crypto sentiment improves on bitcoin’s rebound.

Racks of mining machines.

Markets

Strategy to initiate a bitcoin security program addressing quantum uncertainty

Michael Saylor reinforces commitment to bitcoin and quantum security on Q4 earnings call.

Strategy Executive Chairman Michael Saylor at the Digital Asset Summit in New York City on March 20, 2025. (Nikhilesh De)
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