Cryptocurrency Analysis and News Portal
It was a week of fortunes made, and fortunes lost, at CoinDesk.On the one hand, we had Circle, long a leading crypto company, hurtling to IPO and making bank. Its shares were priced at $110 at press time (up from $31 Wednesday), leading many to expect a summer and fall
Read More
Apple, Airbnb, Google and Elon Musk’s X are holding early discussions with crypto companies about integrating stablecoins into their payment systems, according to people familiar with the matter who spoke with Fortune.The tech giants see stablecoins as a way to cut transaction costs and streamline international payments. Stablecoins are digital
Read More
Toncoin among cryptocurrencies that saw significant price volatility amid the tussle between President Trump and Elon Musk on the state of the U.S. economy. The TON token saw a sharp 7.7% correction on June 5th, according to CoinDesk Research's technical analysis model. After dropping from $3.25 to $3.00, the
Read More
The cryptocurrency market is experiencing heightened volatility amid an escalating feud between President Donald Trump and his former head of the Department of Government Efficiency, Elon Musk, over the state of the U.S. economy.Cardano's ADA has also seen extreme price swings amid market uncertainties. After dropping from $0.688 to
Read More
U.S. labor market growth continued to modestly slow in May, but not enough to force a rise in the unemployment rate.Nonfarm payrolls grew 139,000 last month, according to the a report Friday from the Bureau of Labor Statistics. Economist forecasts called for gains of 130,000 and April's job growth was
Read More
By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin (BTC) and the wider cryptocurrency market recovered from overnight lows, with monero (XMR), XRP and SUI leading the bounce ahead of the pivotal U.S. nonfarm payrolls report, which is expected to show a slowdown in hiring in May."In the short term,
Read More
U.K. financial regulator the Financial Conduct Authority (FCA) said it will allow consumers access to crypto exchange traded notes (cETNs), as the watchdog aims at growing digital assets in Britain.The move means cETNs could be sold to individual consumers rather than just professional investors in the U.K., provided these are
Read More
Metaplanet, the Tokyo-listed firm now positioning itself as a bitcoin -focused treasury company, has launched a $5.3 billion plan to buy more BTC by issuing 555 million shares through stock acquisition rights.The deal, Metaplanet says, is the largest-ever issuance of stock warrants in Japan and the first time moving strike
Read More
Last month, CoinDesk discussed in detail how bond market activity is challenging the notion that the U.S. government is good for money, raising questions on the long-held "kayfabe" or illusion of fiscal stability.Now, billionaire tech entrepreneur Elon Musk has raised the alarm on X through his [perhaps rightful] diatribe against
Read More
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,
Read More