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CoinDesk

CoinDesk is a crypto news publisher. This page aggregates all articles ingested into COINOTAG. Visit the original source via the link below.

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Hyperliquid's HYPE drops 10% as Arthur Hayes exits position despite $150 price target
· CoinDesk Staff

Hyperliquid's HYPE drops 10% as Arthur Hayes exits position despite $150 price target

The crypto veteran blamed macro risks and AI mania for taking profits, drawing backlash from traders for selling well below his recent bullish forecasts.

Why tokenization is an ETF-style market structure revolution
· CoinDesk Staff

Why tokenization is an ETF-style market structure revolution

The current tokenization dialogue and pattern resemble ETFs’ early days, which ultimately transformed into a $10+ trillion market, Lie argues.

Ethereum (ETH) news: Not all layer 2s are dying, but many no longer have a reason to exist
· CoinDesk Staff

Ethereum (ETH) news: Not all layer 2s are dying, but many no longer have a reason to exist

In this week's edition of The Protocol Newsletter, we're looking at the state of the Ethereum layer-2 ecosystem.

Tom Lee's $250,000 ether (ETH) target would imply $2 million per bitcoin (BTC)
· CoinDesk Staff

Tom Lee's $250,000 ether (ETH) target would imply $2 million per bitcoin (BTC)

Bitmine's chairman told a Paris conference ether would 50x from here on AI and corporate validators. Here's how supply schedule, the ETH-to-bitcoin ratio history and the actual breakdown of staked ether look at those levels.

XRP price news: What next for Ripple-linked token as it sinks to four-month lows
· CoinDesk Staff

XRP price news: What next for Ripple-linked token as it sinks to four-month lows

XRP fell another 7% after losing key support levels, with traders weighing growing institutional demand against one of the token's weakest technical setups in months.

Bitcoin (BTC) isn't broken, says Strategy's (MSTR) Saylor
· CoinDesk Staff

Bitcoin (BTC) isn't broken, says Strategy's (MSTR) Saylor

Bitcoin's drop reflects capital rotation into artificial intelligence, Saylor argues.

Russia sanctions British teenager for alleging A7A5 use in funding Ukraine war
· CoinDesk Staff

Russia sanctions British teenager for alleging A7A5 use in funding Ukraine war

The A7A5 stablecoin was designed to bypass sanctions imposed on Russia following its invasion of Ukraine in 2022.

JPMorgan sees shrinking window for U.S. crypto market structure overhaul
· CoinDesk Staff

JPMorgan sees shrinking window for U.S. crypto market structure overhaul

The Clarity Act still faces several legislative hurdles, and disputes over stablecoin yield have emerged as a key sticking point, the bank said.

Crypto's worst two-day liquidation in months deepens as investors chase the AI trade elsewhere
· CoinDesk Staff

Crypto's worst two-day liquidation in months deepens as investors chase the AI trade elsewhere

BTC price crashed to $61,300 before recovering to $62,500 as $3 billion in liquidations hit over two days and traders loaded up on $60,000 puts anticipating further losses.

Bitcoin supply in loss overtakes profit, a hallmark of bear-market bottoms
· CoinDesk Staff

Bitcoin supply in loss overtakes profit, a hallmark of bear-market bottoms

More than half of the bitcoin in circulation is sitting on unrealized losses as the BTC price tests historically significant bear-market support levels.

ADA under 20 cents as Hoskinson says he is 'taking a break' after warning of ecosystem failures
· CoinDesk Staff

ADA under 20 cents as Hoskinson says he is 'taking a break' after warning of ecosystem failures

Hoskinson's remarks followed a string of setbacks for the ecosystem, including the cancellation of Cardano's flagship conference and the shutdown of a prominent analytics platform.

Goldman Sachs teams with Apex, Archax for tokenized real estate fund
· CoinDesk Staff

Goldman Sachs teams with Apex, Archax for tokenized real estate fund

The fund combines blockchain native issuance with established fund structures.

Apyx's stablecoin suffers a brief depeg. Protocol says its a feature, not bug
· CoinDesk Staff

Apyx's stablecoin suffers a brief depeg. Protocol says its a feature, not bug

Apyx’s apxUSD stablecoin briefly slipped to 93 cents Wednesday.

BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green
· CoinDesk Staff

BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green

BlackRock's IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid's HYPE products as the only major crypto ETF category still pulling in net new money.

Bitcoin drops below $62,000 as $1.5 billion in crypto longs get wiped out
· CoinDesk Staff

Bitcoin drops below $62,000 as $1.5 billion in crypto longs get wiped out

Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.

Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated
· CoinDesk Staff

Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated

Analysts and market observers are saying bitcoin's crash is happening due to traders chasing momentum and rotating out of crypto and into high-flying IPOs and AI stocks.

Bitcoin selloff continues as prices slide below $63,000 for the first time since February
· CoinDesk Staff

Bitcoin selloff continues as prices slide below $63,000 for the first time since February

The selloff has triggered demand for protective options plays, pushing the fear gauge higher.

SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus
· CoinDesk Staff

SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus

SpaceX targets IPO price of $135/share, and aims to sell 555,555,555 to raise $75 billion.

Tom Lee's Bitmine (BMNR) to offer preferred stock with 9.5%, following Strategy's playbook
· CoinDesk Staff

Tom Lee's Bitmine (BMNR) to offer preferred stock with 9.5%, following Strategy's playbook

The largest Ethereum treasury firm is taking a page from Michael Saylor's Strategy to issue preferred shares to tap new sources of funding.

Ethereum news: ETH falling below $1,800 leaves Tom Lee's Bitmine (BMNR) with $8.9 billion paper loss
· CoinDesk Staff

Ethereum news: ETH falling below $1,800 leaves Tom Lee's Bitmine (BMNR) with $8.9 billion paper loss

Shares of Tom Lee's Ethereum treasury firm hit their lowest level since the company's crypto pivot as ETH revisits the February lows.

New DeFi entrant widens field of crypto political campaign funds as elections loom
· CoinDesk Staff

New DeFi entrant widens field of crypto political campaign funds as elections loom

The Defend Developers PAC is aiming to contribute to lawmakers who seek to shield crypto developers from legal vulnerabilities.

Bitcoin isn't crashing because of Saylor, it's losing the momentum trade
· CoinDesk Staff

Bitcoin isn't crashing because of Saylor, it's losing the momentum trade

Bitcoin's recent weakness reflects a broader rotation into AI, IPOs and other momentum trades rather than concerns about Michael Saylor's bitcoin sales, according to Charles Schwab's Jim Ferraioli.