US

US

Markets

'Overbought' Bitcoin Drops Below $64K as ISM Manufacturing Data Looms: 10x Research

The U.S. data, due Tuesday, has triggered 10% price drops in the first week of the past three months, 10x Research said.

BTC's price dropped through a support level on Monday. (TradingView/CoinDesk)

Finance

U.S. Crypto Industry Will Follow a Different Path From Rest of World: BitMEX Group CEO

BitMex does not operate in the U.S. and is positioned more in Asia than any other part of the world.

Former BitMEX CEO Stephan Lutz stands in a posed phototgraph. (BitMEX)

Policy

EToro Reaches $1.5M SEC Settlement, Agrees to Stop Trading Most Cryptocurrencies

The only crypto assets U.S. customers will be able to trade on the company’s platform are bitcoin, bitcoin cash and ether, though the company said the practical effects on customers is minimal.

SEC office (Nikhilesh De/CoinDesk)

Markets

Crypto Retail Market Is Poised for a Rebound: Gemini

Adoption of digital assets has remained steady in the U.S. and the U.K. in recent years, despite significant headwinds, a survey by the crypto platform showed.

Gemini co-owners Tyler (left) and Cameron Winklevoss (Joe Raedle/Getty Images)

Policy

Uniswap Labs Settles CFTC Charges Over 'Illegal' Margin Products

Uniswap will pay $175,000 to settle the charges.

Uniswap booth at ETHDenver 2023 (Danny Nelson/CoinDesk)

Policy

Elon Musk, Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation

A group of investors in 2022 alleged that Elon Musk and his company had manipulated the price of dogecoin using their X (then Twitter) accounts.

(Dogecoin)

Policy

Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs

Since 2019, the cash-to-crypto industry– which is dominated by crypto ATMs – has processed at least $160 million in illicit trades, TRM Labs said.

(Aleksandr Popov/Unsplash)

Finance

Donald Trump Teases 'The DeFiant Ones' Crypto Project on Truth Social

“It’s time we take a stand – together,” Trump wrote on his Truth Social account with a Telegram group link to the unreleased decentralized finance platform.

Donald J. Trump at a rally (Gerd Altmann, modified by CoinDesk)

Finance

Crypto Asset Manager Grayscale Offers AVAX Token Investment in New Avalanche Trust

The provider of bitcoin and ether ETFs now offers more than 20 crypto investment products.

Grayscale ad (Grayscale)

Finance

Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for $175M in Stock, Debt

The deal comes weeks after Riot Platforms dropped a bid to buy Bitfarms, choosing to try and overhaul the company's board before pursuing a takoever again.

Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left).  (Stronghold Digital Mining)