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Breaking News

Markets

Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges

Derivatives markets signal that betting on further slide in prices is getting overcrowded, setting up for a potential snapback.

CoinDesk

Markets

Bitcoin falls below $60,000 as AI trade continues to draw investor interest and capital

South Korean memory chip giant on Wednesday filed to raise nearly $30 billion in a U.S. offering.

CoinDesk

Markets

Fed holds rates steady in first decision under new Chairman Kevin Warsh

The accompanying policy statement and updated economic projections, however, took a hawkish turn.

Kevin Warsh (Getty Images)

Policy

FTX's Sam Bankman-Fried loses appeal of criminal conviction on fraud, conspiracy charges

The onetime FTX CEO did not persuade a panel of judges that his trial was unfair, the appeals court panel ruled Friday.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Finance

Crypto trading firm FalconX confidentially files with SEC for IPO, hires bankers

FalconX has hired Cantor and other bankers to advise on a potential IPO and confidentially filed draft paperwork with the SEC, though the listing is not expected until later this year amid volatile market conditions.

FalconX CEO Raghu Yarlagadda (FalconX)

Finance

Asset manager Grayscale delays IPO plans as crypto listing boom loses steam

Grayscale’s decision to delay its IPO highlights the growing caution across the crypto industry as volatile markets and weak investor demand weigh on public listing plans.

Grayscale advertisement (Grayscale)

Policy

Google engineer insider-traded search results on Polymarket, Feds allege

The charges mark the second major arrest over insider trading on a prediction market.

A Polymarket contract that Michele Spagnuolo allegedly traded on. (Nikhilesh De/CoinDesk)

Markets

Bitcoin heads higher as President Trump announces Iran peace agreement

"An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries," wrote President Trump late Saturday afternoon.

Donald Trump (Credit: Library of Congress on Unsplash/Modified by CoinDesk)

Finance

Crypto custody firm Copper is looking to sell the company for $500 million

Cantor Fitzgerald has been appointed to help with the sale, according to sources.

Amar Kuchinad, Copper's global CEO (Copper)

Policy

Trump orders government, Fed to review crypto firms' access to payment rails

Donald Trump's executive order asks the Fed to review how depository institutions may be granted access to payment services, an area the crypto industry is deeply involved with.

President Donald Trump at the White House (Jesse Hamilton/CoinDesk)