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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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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.

Every single bank will soon need to hold digital assets, says Zodia CEO Julian Sawyer
· CoinDesk Staff

Every single bank will soon need to hold digital assets, says Zodia CEO Julian Sawyer

Sawyer confirmed that Standard Chartered’s full acquisition of the firm is on track to target a signing at the end of June and complete by the end of August.

Rare physical bitcoin worth $1.78 million gets cashed in after 12 years
· CoinDesk Staff

Rare physical bitcoin worth $1.78 million gets cashed in after 12 years

The S1-COIN-25 physical bitcoin, part of Mike Caldwell's 2011-2013 mint, had its tamper-evident hologram peeled and the 25 BTC swept on-chain on Wednesday.

ETF flows, not Strategy's sale, remain key bitcoin driver: Citi
· CoinDesk Staff

ETF flows, not Strategy's sale, remain key bitcoin driver: Citi

Strategy's unloading of bitcoin may have rattled markets, but Citi said the bigger issue for BTC is a missing bid from new buyers.

BTC price prediction: This model puts bitcoin's fair value at $224,000
· CoinDesk Staff

BTC price prediction: This model puts bitcoin's fair value at $224,000

The figure is from a theoretical model proposed by Greg Foss in 2021 that treats bitcoin as a credit default swap on G20 sovereign bonds.

Kraken parent plans to offer tokenized IPO access as investors await SpaceX, Anthropic debut
· CoinDesk Staff

Kraken parent plans to offer tokenized IPO access as investors await SpaceX, Anthropic debut

Payward aims to give retail investors access to IPO shares at the offering price through tokenized equities.

IREN stock news: shares gain on new AI data center
· CoinDesk Staff

IREN stock news: shares gain on new AI data center

The AI infrastructure firm secured a grid connection for a planned South Australian campus, with energization targeted for 2028.

Clarity Act survival depends on the U.S. Senate getting a lot of non-crypto work done
· CoinDesk Staff

Clarity Act survival depends on the U.S. Senate getting a lot of non-crypto work done

The dwindling congressional calendar may spur a legislative competition for the crypto market structure bill to win Senate floor time against other priorities.

Bitcoin price news: BTC bounces from overnight tumble to $65,000, but remains under pressure
· CoinDesk Staff

Bitcoin price news: BTC bounces from overnight tumble to $65,000, but remains under pressure

One novel theory floating around social media says it's Iranian sanctions, not Strategy sales, that's behind this week's price crash.

Bitcoin falls to lowest Power Law valuation zone since FTX collapse
· CoinDesk Staff

Bitcoin falls to lowest Power Law valuation zone since FTX collapse

The power law model shows BTC trading at one of its deepest discounts relative to trend, a level previously seen during the March 2020 crash and FTX collapse.

Grayscale launches lowest-fee U.S. Hyperliquid ETF as competition heats up around HYPE
· CoinDesk Staff

Grayscale launches lowest-fee U.S. Hyperliquid ETF as competition heats up around HYPE

The Nasdaq-listed fund charges a 0.29% sponsor fee, undercutting rival Hyperliquid ETFs from 21Shares and Bitwise.

Coinbase said to be looking into participating new stablecoin platform backed by Stripe, Visa, Mastercard
· CoinDesk Staff

Coinbase said to be looking into participating new stablecoin platform backed by Stripe, Visa, Mastercard

U.S. crypto exchange Coinbase is also said to be looking into the possibility of participating in the new stablecoin platform.

Crypto PACs go undefeated in June primaries as Fairshake scores bipartisan winning streak
· CoinDesk Staff

Crypto PACs go undefeated in June primaries as Fairshake scores bipartisan winning streak

Winners included Democrats Zoe Lofgren, Ted Lieu, Dave Min and Rob Menendez, as well as Republican Sen. Mike Rounds, with Democrats accounting for 10 of the 11 victories.

BTC claws back losses but remains trapped as crypto-equity divergence deepens
· CoinDesk Staff

BTC claws back losses but remains trapped as crypto-equity divergence deepens

A modest BTC recovery does little to mask a 9.5% weekly decline, as U.S. stocks hit records, AI tokens rally and Coinbase's Ethena deal steals the spotlight.