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Bank of Russia Claims Digital Ruble Issuance Won’t Cause Inflation

[Oct 2, 2024 4:30 AM] The Bank of Russia has explained that the launch of the digital ruble, the Russian CBDC, will not affect the state’s mechanisms to control inflation or the amount of money issued. The institution clarified that the new currency does not pose…

Bitwise Takes a Step Toward XRP ETF

[Oct 1, 2024 9:24 PM] Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.

Central Bank of Tanzania to Hoard 20% of Total Gold Exports

[Oct 1, 2024 9:20 PM] The Central Bank of Tanzania will purchase 20% of all the gold directed for exports as the country prepares to diversify its reserves. The movement is seen as a reaction to the current acceleration of gold prices, with Tanzania aiming to amass at…

Tether's USDT Has Uses Beyond Crypto Markets, Trading: CEO Paolo Ardoino

[Oct 1, 2024 9:19 PM] Ardoino says there's more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure.

Gomining Launches Foundation to Drive Innovation in Bitcoin L1 and L2 Projects

[Oct 1, 2024 8:15 PM] The GoBTC Foundation, established by Gomining, has been officially launched to strengthen Bitcoin’s onchain ecosystem. The foundation’s creation aims to support initiatives that foster greater transaction activity and ecosystem growth…

Diddy Hires Sam Bankman-Fried’s (New) Lawyer

[Oct 1, 2024 6:51 PM] Sean “Diddy” Combs has hired Sam Bankman-Fried’s lawyer, Alexandra Shapiro, to appeal a New York judge’s decision to keep him locked up while he awaits trial for racketeering and sex trafficking charges.

Robinhood Introduces Crypto Transfers in Europe as It Doubles Down on Expansion

[Oct 1, 2024 3:51 PM] Robinhood customers in the European Union can now transfer more than 20 cryptocurrencies, including include bitcoin, ether, solana and USD coin, in and out of the trading app.

Crypto Winter-Era Seed Startups Mostly Persist Despite Tumult and Crisis

[Oct 1, 2024 3:30 PM] But fundraising difficulties and product-market-fit issues may imperil their future, according to a report from Lattice VC.

Bitcoin Tumbles to $61K, Diverging from Gold as Middle East Tensions Flare Up

[Oct 1, 2024 2:56 PM] The S&P 500 and the Nasdaq also fell on a report that Iran was preparing an imminent missile attack on Israel.

Dormant Bitcoin Wallets Moved $257M in Vintage BTC in September

[Oct 1, 2024 2:30 PM] With September now behind us, some surprisingly old bitcoins moved last month—250 BTC from January and February 2009 were spent for the first time in nearly 16 years. Over the course of the month, a total of 4,066.81 BTC from dormant bitcoin…

Bitcoin Bull Run in Question as Balances on OTC Desks Rise to 410K

[Oct 1, 2024 2:15 PM] Approximately 200,000 bitcoin have been transferred to OTC desks in the past five months.

CoinDesk 20 Performance Update: APT Gains 5%, With Most Index Constituents Rising

[Oct 1, 2024 1:50 PM] Uniswap was also a top performer, gaining 2.9%.

'Is Daddy on the Airplane?' Jailed Binance Exec Gambaryan Family’s Ordeal in New Podcast

[Oct 1, 2024 1:34 PM] “Is Daddy on the airplane?” my son asked. Yuki Gambaryan, the wife of Binance executive Tigran Gambaryan, who is jailed in Nigeria tells of her family’s ordeal in a new podcast, “Designated.”

First Mover Americas: BTC Is Little Changed Following Muted Asia Trading

[Oct 1, 2024 12:29 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 1 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Mining Profitability Fell for Third Straight Month in September: JPMorgan

[Oct 1, 2024 11:25 AM] Daily block reward gross profit fell to the lowest "on recent record" last month, the report said.

Open Interest in XRP Zooms to $1B as Ripple Tests RLUSD Stablecoin

[Oct 1, 2024 11:07 AM] Recent activities include minting significant amounts of RLUSD, suggesting the testing phase might be wrapping up or moving into a more active phase of development.

U.S. Judge Sides With SEC in Case Against Crypto Wallet Rivetz Over Sale of Unregistered Securities

[Oct 1, 2024 11:06 AM] United States District Judge Mark Mastroianni granted the SEC's motion for a summary judgement.

Bitcoin Retail Inflows Hold Steady as Whales Pile In at Start of Historically Bullish October

[Oct 1, 2024 11:03 AM] Data from crypto exchanges OKX and Binance, popular among retail market participants, show minimal activity compared to bull markets in 2021 and 2022, and even lesser than the bear market of 2019 to 2020.

Bitcoin $100K Bullish Bet Draws Nearly $1B Open Interest on Deribit

[Oct 1, 2024 10:42 AM] The $100,000 call is the most popular bitcoin option on Deribit.

Metaplanet Buys Another 107 Bitcoin, Pushing Stock-BTC Ratio to 20%

[Oct 1, 2024 9:19 AM] The firm now holds over 500 bitcoin after a first tranche of purchases in April.

Cryptocurrencies Continue to Outperform the Stock Market: Canaccord

[Oct 1, 2024 9:15 AM] If bitcoin follows historical patterns post halving a rally could start between now and April, the broker said.

FTX Dotcom Creditors Vote Massively in Favor of Reorganizing Plan

[Oct 1, 2024 8:56 AM] Over 94% of creditors voted in favor of the plan, which promises to return 118% of their claims in cash.

Circle Signals Plans to Bring USDC to Australia With Venture Capitalist Mark Carnegie

[Oct 1, 2024 8:48 AM] Stablecoin giant Circle has signalled its plans to bring its digital currency, USDC, into Australia and beyond with the unveiling of a partnership with venture capitalist Mark Carnegie's MHC Digital Group, the companies announced on Tuesday.

Bitcoin’s Link to Ishiba-Led Swoon in Nikkei Comes Into Question as Yen Declines

[Oct 1, 2024 6:57 AM] The yen losses suggest the market is not worried about Ishiba's hawkish image and potential for faster BOJ rate hikes. BTC's drop likely stemmed from other factors.

Bitcoin ETFs Continue Inflow Streak as BTC Remains Flat Amid China Holiday

[Oct 1, 2024 6:24 AM] PoliFi tokens are rallying as election countdown clock clicks on, and DeSci protocol BIO looks to raise $13 million in a public token sale.

Base Creator Jesse Pollak Tapped to Lead Coinbase's Wallet Team

[Oct 1, 2024 5:31 AM] Pollak will also be joining Coinbase's executive team.

China’s Former Vice Minister of Finance Calls for Research on Crypto as US Policy Pivots

[Oct 1, 2024 5:30 AM] Zhu Guangyao, China’s former vice minister of Finance, has called on the country to continue researching crypto as the US changes its attitude towards the asset class. During the 2024 Tsinghua PBOC Chief Economist Forum, Guangyao stated that…

Latam Insights Encore: Latin America’s Proactive Leadership Could Change the UN’s Agenda

[Oct 1, 2024 5:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the actions of proactive leaders in Latam, such as Argentina’s Javier Milei and El…

EigenLayer's EIGEN Token Debuts at $6.51B FDV

[Oct 1, 2024 5:27 AM] EigenLayer's native token (EIGEN) is now transferrable and has been trading at a fully diluted value of TK TK TK on perpetual exchange Hyperliquid.

Proton Management Says Swan Bitcoin ‘Does Not Have Mining Business of Its Own’

[Oct 1, 2024 5:16 AM] Response to Swan’s lawsuit says that the mining company at the center of the controversy was only minority-owned by the company, and not a full-fledged subsidiary.