Polymarket Trader Betting on Donald Trump Win Ends Up Getting 99% Odds
Low liquidity led to massive slippage for one entity trying to buy up Trump “yes” shares in a short period.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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Pennsylvania House of Representatives Passes Crypto Bill to Bring Regulatory Clarity: Report
The bill aims to provide regulatory clarity for digital assets, including self-custody rights, bitcoin payments, and transaction taxation.
Improbable, the Company Building Yuga Labs’ Otherside, to Launch Somnia Blockchain DevNet Phase
Improbable, the British metaverse technology company creating Yuga Labs’ Otherside platform, has said the Somnia blockchain will enter its DevNet phase in the coming weeks.
Microsoft Urges Shareholders to Vote Against a Proposal to Assess Bitcoin as a Diversification Investment: Filing
The National Center for Public Policy Research, a conservative think tank, has notified shareholders of Microsoft that it intends to propose a Bitcoin Diversification Assessment at the company’s annual meeting on Dec. 10, a filing shows.
Bitcoin Climbs 3% to Retake $68K With Solana Outperforming, Ether Showing Relative Weakness
Bitcoin Cash and Uniswap led CoinDesk 20 gains, each rising more than 5%.
Activist Group Says Kalshi’s Election Market Should Be Shut Due to 'Manipulative' Whales
Better Markets is using Polymarket's "French connection" as ammo against the prediction market's regulated competitor.
Circle's Allaire: Stablecoins Could Expand by Trillions in 10 Years, Will Be Integral Part of Global Financial System
While USDC has been popular in developed markets, it has seen significant growth in emerging regions among fintechs and brokers servicing businesses and households, Jeremy Allaire told CoinDesk in an interview.
Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi
The holdings of the U.S. spot bitcoin exchange-traded funds are about to cross over one million tokens after only ten months of trading.
As 'Sentient Memecoins' Become Latest Crypto Fad, GOAT Surges to $800M and an AI Rambles
Some claim a new wave of big-money tokens are backed by sentient AI bots. But that's not the reality.
Crypto for Advisors: Bitcoin on The Balance Sheet
Historically, only crypto-native companies held bitcoin on their balance sheets. However, a significant structural shift has occurred over the past four years. Public and private companies are now embracing bitcoin, motivated by economic…
Binance's Tigran Gambaryan Has Left Nigeria Following 8-Month Detention
After spending eight months detained in the country, the Binance enployee was allowed to leave Kuje prison last night.
Chainlink Expands to Bitcoin, Helping Original Blockchain With Its Layer-2 Shift
Chainlink's service is an integral part of many major blockchains but has not featured on Bitcoin until now.
Why Web3 VCs Are Embracing Crypto+AI
Coinbase Ventures is shifting focus away from pure-play crypto investments.
Bitcoin Project BOB Maps Out How the Original Blockchain Could Take Over DeFi
"If Bitcoin breaks, then so does our industry as a whole, so we might as well use Bitcoin security for cross-chain DeFi," BOB co-founder Alexei Zamyatin, told CoinDesk.
Kraken Picks Optimism for New Layer-2 Network, Joining Coinbase's Base on 'Superchain'
The disclosure comes nearly a year after CoinDesk broke the news that Kraken was considering its own layer-2 network, following the runaway success enjoyed by Base after it launched in mid-2023.
CoinDesk 20 Performance Update: UNI Gains 6.3% as Nearly All Index Constituents Trade Higher
Bitcoin Cash was also among the top performers, gaining 2.9% since Wednesday.
First Mover Americas: BTC Rebounds to $67K After Subdued U.S. Economic Data Reading
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Solana Looks Overbought Against Ethereum; Bitcoin-Gold Ratio Stuck in a Downtrend
The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.
Gold Rally Needs to Pause for Bitcoin Price to Break All-Time High, Data Suggests
In the past seven days, over 1 million ounces have gone into gold ETFs, the biggest inflow since October 2022.
Government Lawyers Defend Nishad Singh Saying He Provided ‘Substantial Assistance’ in FTX Investigation
Prosecutors in the case against former FTX executive Nishad Singh have asked the sentencing judge to take into account the “substantial assistance” and “exemplary cooperation” Singh provided to the government in its investigations into FTX when…
FCA-Regulated Crypto Trading Firm Portofino Technologies Sees Staff Exodus
The firing of the firm’s co-founder and its CFO in July triggered a wave of departures.
Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains
Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.
Institution Takes $25M Hedge Bet on Derive's Bitcoin Options Market as U.S. Election Looms
The institution set up a multi-legged strategy in Derive's onchain options market, generating $25 million in volume.
Bitcoin Retakes $67K, Dollar Index Rally Stalls as Beige Book Supports Fed Rate Cuts
The rally in the DXY stalled after the Beige Book report, paving the way for BTC recovery
Number of Bitcoin Whales Jumps to Highest Since January 2021
Whale Entities are clusters of crypto wallet addresses held by a single network participant holding least 1,000 BTC.
Citibank Debanked Ripple's Brad Garlinghouse Due to Crypto, Exec Says
The chief of Ripple, Brad Garlinghouse, recounted his own brush with the U.S. government's pressure on banks to be wary of digital assets, saying Citi dumped him.
Crypto Traders Apparently Spam Truth Terminal Into Pumping Coin Associated With Brian Armstrong’s Dog
Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff
Cryptocurrencies weren't spared as stocks, bonds, gold and oil all declined on Wednesday.
Trump Polymarket Odds Briefly Dip After His No. 2 Bull Adds Bet on Harris
The former president's probability of retaking the White House slid to 59% Wednesday before rebounding.