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Bitcoin and AI data center operator IREN plans to raise $450 million through a private sale of convertible senior notes, the company said in a press release.The notes, due in 2029, will be offered to qualified institutional buyers and could expand by another $50 million if initial purchasers take
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There was good news on the U.S. inflation front in May as both the headline and core rates of the Consumer Price Index rose less than forecast.The CPI rose 0.1% in May, according to the Bureau of Labor Statistics. Economist forecasts had been for 0.2% and April's pace was 0.2%.On
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By Francisco Rodrigues (All times ET unless indicated otherwise)Bitcoin (BTC) briefly rose past $110,000 after headlines out of London pointed to progress in U.S.-China trade negotiations. It's now dropped back to remain little changed over 24 hours while the CoinDesk 20 (CD20) index rose 2%, suggesting a rotation into altcoins.One
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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE,
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CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets. All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data
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The U.K.'s financial services regulator, the Financial Conduct Authority (FCA), appointed a deputy chief executive for the first time, naming Sarah Pritchard to the role as it looks to bolster its oversight of the crypto and digital assets industry."The new role has been created to reflect the FCA’s expanding remit,
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Ethereum's ether token, which has been in the shadows of bitcoin for a long time, is now becoming the new favorite. Data from TradingView shows that the spread between Volmex's annualized 30-day ether implied volatility index (EVIV) and bitcoin's 30-day index (BVIV) has jumped to 34%, the highest
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Cardano's native token ADA added 3% in the past 24 hours after Nasdaq said it expanded its crypto benchmark index from five to nine assets, adding ADA alongside XRP , Solana and Stellar .ADA experienced significant price volatility overnight, establishing a 8.8% trading range between $0.66 and
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Decentralized finance (DeFi) tokens UNI, AAVE and SKY all rose by more than 20% on optimistic comments from SEC Chair Paul Atkins at a Monday roundtable discussion about the sector.Atkins instructed the regulator to explore exemptions to let decentralized finance (DeFi) firms conduct operations without as many restrictions."The right to
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South Korean President Lee Jae-myung's Democratic Party submitted a bill to parliament that would allow qualifying companies to issue stablecoins, Bloomberg reported on Tuesday.The Digital Asset Basic Act is aimed at improving transparency and encouraging competition in cryptocurrency, Bloomberg said. Companies would be able to issue their own stablecoins provided
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