Analysis
The Crypto Industry’s New Favorite Punching Bag – Prometheum – Asks for a Chance
Its SEC-praising co-CEO insists he’s pro-crypto and just needs a little time to prove his company can trade digital assets, even if the token issuers would rather it didn’t.
Bitcoin, Ether Hold Steady as Investors Shrug Off Upbeat Economic Data, Rekindled Inflationary Concerns
Risk markets appear to have already priced in rate hikes, and remained largely unstirred by today’s unexpectedly strong economic data.
Azuki ‘Elementals’ Mint Mishap Highlights the Fragile State of the NFT Market
From troubled mint mechanics to recycled artwork, Azuki’s latest NFT mint shows that even blue-chip projects are struggling to grow during a challenging bear market.
CoinDesk Indices Smart Contract Platform Highlights the Difference Between Bitcoin and Ether Performance
Stablecoin supplies on smart contract platforms continue to trend downward, but the smart contract index has maintained a solid performance.
As Prices Consolidate in Spot Markets, Asset Managers Increase Long Positions in Derivative Markets
The Commitment of Traders Report indicates asset managers’ continued bullishness in bitcoin markets.
Zimbabwe's Gold-Backed Digital Token Won't Fix the Country's Currency Woes, Economists Say
Sound macroeconomic policies like raising interest rates and bringing down the country's deficit could dampen Zimbabwe's currency instability, economists said.
Bitcoin, Ether on Track for Strongest Weekly Gains Since March
Crypto prices have risen sharply since BlackRock’s filing for a spot bitcoin ETF. Of the 149 assets in the CoinDesk Market Indices (CMI), 144 rose during the week.
Crypto Market Optimism Bumps Into Risk-Off Hints in TradFi
Indicators tied to Wall Street's volatility index, VIX, and central bank liquidity indicate risk aversion ahead. Past experience suggests risk-off in traditional markets can roil sentiment in the crypto market.
Stablecoin Movement May Hint Strongly at Asset Prices' Path Forward
A recent increase in stablecoin flows to exchanges may signal an increase in bullish sentiment
Digital Pound Should Be Interoperable With Crypto, UK Lobbyists Say
Stakeholders also want the Bank of England to consider tougher caps on individual digital pound holdings to prevent bank runs.
