Latest Crypto News

CoinDesk Indices

CoinDesk 20 performance update: Ripple (XRP) plunges 12.2% as index declines

Sui (SUI) joined Ripple (XRP) as an underperformer, falling 9.5% since Wednesday.

CoinDesk

Markets

Here is what industry veterans are saying as bitcoin tumbles below $70,000

"This drawdown feels horrible not because of the magnitude, but because it’s unfair," said longtime bitcoin maxi Samson Mow.

Bitcoin plunges below $40K (Eva Blue/Unsplash)

Markets

Bitcoin falls under $68,000, with retail traders betting on even lower prices

Crypto liquidations crossed $1 billion over the past 24 hours, wiping out about $980 million million in bullish leveraged bets

Trading screen

Finance

Tether invests $100 million in U.S.-regulated crypto bank Anchorage

Anchorage Digital is the firm issuing Tether's USAT stablecoin, designed for the U.S. market.

Tether CEO Paolo Ardoino (Modified by CoinDesk)
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Markets

Deutsche Bank says bitcoin’s selloff signals a loss of conviction, not a broken market

The German lender pointed to institutional outflows, fading liquidity and stalled regulation as the real drivers behind bitcoin’s slump.

(Photo by Kanchanara on Unsplash/Modified by CoinDesk)

Markets

XRP DeFi opens to institutions as Hex Trust adds custodial FXRP access

Custodian Hex Trust will let clients mint and redeem FXRP and stake FLR through its platform, giving institutions a way to put XRP to work.

XRP symbol on top of dollar bills. (Unsplash/CoinDesk)

Policy

EU at risk of falling behind the U.S. in tokenization rules, digital asset firms warn

The EU must fix its pilot regime now or watch capital markets shift permanently to the U.S., a group of blockchain firms warned policymakers on Thursday.

european-justice-shutterstock_10493053

Finance

Institutions don't want more risk—they want bitcoin yield that works like TradFi, says GlobalStake co-founder

Collateralized, market-neutral strategies, not DeFi or smart contracts, are driving renewed institutional interest, says GlobalStake co-founder Thomas Chaffee.

Bitcoin (Midjourney/Modified by CoinDesk)
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Finance

Ether treasury ETHZilla pivots to real estate tokenization with a $4.7 million housing loan deal

ETHZilla’s shift toward tokenization comes after a sharp downturn in its core crypto holdings.

Stylized Ethereum logo

Finance

Crypto platform Bullish tops Q4 estimates, posts GAAP loss on digital asset writedowns

Shares of the company are sinking in pre-market action as crypto prices continue to plunge.

Crypto exchange Bullish goes public on the New York Stock Exchange. (Aoyon Ashraf/Modified by CoinDesk))

Markets

Bitcoin, ether slide 7% as market 'fear' increases, liquidations mount

Crypto markets extended losses amid heavy derivatives liquidations and macro headwinds, with traders bracing for further downside if bitcoin breaks key support.

Bitcoin (TheDigitalArtist/Pixabay, modified by CoinDesk)
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Policy

Brazil moves to ban algorithmic stablecoins like Ethena’s USDe

New legislation requires all stablecoins to be fully backed by reserve assets and introduces penalties for issuing unbacked stablecoins.

Brazil's flag (Rafaela Biazi/Unsplash/Modified by CoinDesk)

Markets

'Big Short' Micheal Burry spots 2022 vibes in bitcoin crash

The ‘Big Short’ investor compared the current slide with a one-time past cycle breakdown that saw BTC lose nearly half its value before stabilizing.

Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on Nov. 23, 2015.

Markets

Bitcoin drops below $70,000 as crypto selloff deepens before U.S. equity market opens

"Extreme fear" grips crypto and metals while U.S. equities show resilience ahead of key earnings.

BTCUD (CoinDesk Data)

Markets

Miners are being squeezed as bitcoin’s $70,000 price fails to cover $87,000 production costs

Bitcoin is now approximately 20% below its estimated average production cost, historically a feature of a bear market.

Average Production Cost (Checkonchain)
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