Latest Crypto News

Finance

A16z Crypto to Open Seoul Office, Hire Sungmo Park to Lead Asia Efforts

Andreessen Horovitz's crypto venture capital unit pointed to high levels of crypto ownership in South Korea and Singapore, and growing onchain activity in Japan.

South Korea's flag (Daniel Bernard/Unsplash)

Policy

Consumer Groups Join Unions Trying to Derail U.S. Crypto Market Structure Bill

Political progressives have joined forces to oppose current versions of the industry-backed legislative effort in the Senate.

U.S. Congress (Jesse Hamilton/CoinDesk)

Policy

Paxful Pleads Guilty to Aiding Crime, Ignoring AML Laws

The DOJ said the firm knowingly facilitated illicit trades tied to sex work, sanctions evasion, and fraud, earning millions in fees while ignoring U.S. law.

CoinDesk

Markets

Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy

The anticipated move comes as policymakers are still operating without several key economic data releases that remain delayed or suspended due to the U.S. government shutdown.

Federal Reserve Chair Jerome Powell
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Tech

The Protocol: Stripe’s Tempo Testnet Goes Live

Also: ZKSync Lite to Sunset, Blockstream App Update, Axelar’s AgentFlux

Contactless payment via a mobile phone (Jonas Lupe/Unsplash)

Markets

Stellar Edges Higher to $0.251 Despite Altcoin Market Apathy

Trading volume surged 19% above weekly averages as XLM consolidated around critical $0.25 support level.

Stellar Hits $0.25 Support Amid Increased Institutional Volume Despite Market Dips

Markets

Hedera Rises 1.8% to $0.1372 as Government Adoption Momentum Builds

Technical consolidation occurs alongside renewed focus on enterprise tokenization initiatives.

"HBAR Gains 1.8% to $0.1372 Amid Growing Government and Enterprise Tokenization Momentum"

Finance

Surf Raises $15M to Build AI Model Tailored to Crypto Research

Pantera Capital led the round, with Coinbase Ventures and Digital Currency Group also participating.

Artificial Intelligence (Markus Winkler/Unsplash)
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Markets

ICP Extends Decline as Range Support Breaks, Testing New Lows Near $3.48

Internet Computer slipped back into a declining pattern after early strength faded, with the slide pushing the token toward key December support levels.

ICP-USD, Dec. 10 (CoinDesk)

Markets

GameStop Posted $9.4M Loss on Bitcoin Holdings in Q3

The firm has not announced any new bitcoin purchases since May, when it bought 4,710 BTC.

Gamestop location

Finance

Tether Rolls Out Privacy-Focused Health App as Expansion Into AI Accelerates

The company behind the largest stablecoin, the $186 billion USDT, is increasingly venturing beyond crypto into sectors such as artificial intelligence and robotics.

Tether

CoinDesk Indices

Crypto Long & Short: Investors Are Hunting for Countercyclical Value in Privacy Coins

In this week’s Crypto Long & Short Newsletter, Carter Feldman writes that the bear market makes this a prime moment for privacy coins, signaling growing user demand for true financial autonomy. Then, we dive into Ethereum with Andy Baehr’s “vibe check” – when ETH rallies, it may signal something larger is afoot.

Man walking abstract background
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Markets

Strategy Pushes Back on MSCI’s Digital Asset Exclusion Proposal

Michael Saylor and team urged MSCI to maintain neutral index standards after a plan to exclude firms with significant digital asset holdings.

Michael Saylor (Gage Skidmore/CC BY-SA 2.0/Modified by CoinDesk)

Markets

SpaceX’s $300M Bitcoin Stack Puts Crypto Inside the World’s Biggest Planned IPO

The Elon Musk–run company is moving ahead with plans for an initial public offering that would seek to raise “significantly more than $30 billion.” Even relatively small balance-sheet allocations matter at that scale.

Elon Musk

Tech

Most Influential: Rushi Manche

The Movement Labs’ co-founder’s secret dealings and subsequent scandal stoked industry-wide anxieties about opaque token allocations and insider trading.

Rush Manche

Policy

Most Influential: The Lazarus Group

The crypto industry’s most notorious hackers continue to break records, highlighting the importance of taking every step possible to secure wallets.

The Lazarus Group
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