Bitcoin mining network becoming more sensitive to price swings, JPMorgan says
Bitcoin's mining network is becoming increasingly sensitive to price movements as more miners operate near breakeven levels, according to Wall Street bank JPMorgan.
Crypto
OKX and NYSE partner to bridge tradfi and crypto markets in joint venture led by Andrew Cuomo
Former New York Governor Andrew Cuomo is leading an OKX and New York Stock Exchange owner Intercontinental Exchange (ICE) joint venture to build infrastructure to bridge traditional and digital financial markets.
Strategy added $35 million in bitcoin, $300 million in cash reserves last week
Michael Saylor and his embattled Strategy (MSTR) sold more common stock last week, using the proceeds to add a relatively small amount of bitcoin and $300 million in cash to its balance sheet.
TradFi fund manager Baillie Gifford introduces Solana, Ethereum tokenized fund with BNY
Baillie Gifford, a 118-year-old investment firm based in the Scottish capital of Edinburgh, unveiled a fixed-income tokenized fund in association with global custody giant BNY, the companies said on Monday.
Geopolitical relief meets the Warsh Fed: Crypto Week Ahead
Crypto Week Ahead is a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain, as well as the major macroeconomic events that will influence digital asset markets.
Bitcoin ETF outflow pain eases just as another headwind gathers strength
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Bank of England backs down on strict stablecoin holding limits, sets $50 billion issuance cap
The Bank of England officially reversed its controversial proposal to limit how much stablecoin individuals and consumers could hold, bowing to pressure from a U.K. House of Lords committee and the crypto industry.
Taiko halts its Ethereum layer 2 network after a bridge exploit, token dives 10%
Taiko, an Ethereum Layer 2 network that processes transactions off the main chain and settles them back to it, halted block production and told users to pull their funds after an attacker exploited its bridge earlier Mo…
As bitcoin, altcoin prices gain, derivatives signal skepticism over a sustained rally
Despite the green shoots among the majors, the broader market has yet to follow suit. The CoinDesk 20 Index (CD20) remains slightly lower over 24 hours. Still, smaller outliers like DEXE and BEAT jumped of 8% and 5%.
Bitcoin developers want to fix the 'replace this transaction with a higher fee' button. Here's why
For years, users looking to speed up their transactions on the Bitcoin blockchain relied on a handy optional feature that essentially says, "I might want to replace this transaction with a higher fee."
Live markets: Bitcoin is stuck near $64,000 as ETF outflows reach a sixth week
Bitcoin is trading around $64,000, per CoinDesk pricing data, still searching for a catalyst strong enough to break the range it has held for weeks.
XRP briefly loses $1.14 support before buyers drive sharp rebound
XRP briefly broke below a closely watched support level on Sunday before buyers stepped in.
Ethereum validators asked to fund projects with up to 10% of staking rewards under new proposal
Ethereum’s long-running funding debate has a new proposal: Make validators, who secure the world's leading smart contract blockchain, pay for more of the network’s shared costs.
Bitcoin holds near $64,000 as US-Iran talks progress but crypto sits out the rally
Bitcoin started the week drifting near $64,000, sitting out a rally in Asian equities as the US and Iran moved closer to a lasting peace deal.
Are perps swaps? A quick look at that CME suit: State of Crypto
CME Group filed a lawsuit against the Commodity Futures Trading Commission alleging it should not have approved Kalshi's perpetual futures contracts the way it did and asking a court to vacate the approval and self-cert…
Bitcoin holds near $64,000 as a renewed Hormuz threat clouds US-Iran ceasefire talks
Bitcoin steadied near $64,000 over the weekend, clawing back part of Friday's drop, as traders weighed the start of US-Iran ceasefire talks against a renewed threat to close the Strait of Hormuz.
Ethereum's biggest 'sandwich' bot drained of $7.5 million in ironic exploit
Jaredfromsubway.eth, one of Ethereum’s most infamous MEV bots, has been drained for more than $7.5 million after an attacker turned the bot’s own automated trading logic against it.
How STRC lost its par: The timeline behind Strategy's preferred-stock meltdown
STRC, the dividend-paying preferred equity issued by bitcoin treasury company Strategy (MSTR), is designed to hold a price of $100, its par value. It doesn't always work that way.
Schwab to join prediction markets race with S&P 500 event-based options: WSJ
Charles Schwab is working with Cboe Global Markets to launch a new type of options contract that would allow customers to make yes-or-no wagers on the performance of the S&P 500, marking the brokerage's first move into …
Franklin Templeton proposes new ETFs that turn corporate dividends into bitcoin
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Digital credit market hit by huge selloff as Strive CEO blames leverage liquidations
The digital credit market suffered one of its sharpest selloffs to date on Thursday, with Strive Asset Management CEO Matt Cole describing the move as a leverage-driven liquidation rather than a sign of weakening credit…
GoMining challenges Jack Dorsey's Square with payments system designed around bitcoin
Where GoMining says it differs from incumbents is that the entire transaction is completed in bitcoin. Many competitors, including Square, allow customers to pay in bitcoin while delivering fiat currency to the retailer…
Smart-contract and DeFi coins lead losses as bitcoin wilts for 4th straight day
The largest cryptocurrencies remained under pressure for a fourth straight day, with bitcoin falling 2.5% in 24 hours to just below $62,400.
Microsoft found malware that hijacks crypto wallets and spreads through USB sticks
Malware that spreads via USB sticks has been infecting Windows personal computers and targeting crypto wallets since February, Microsoft said in a blog post.