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George Kaloudis @ CoinDesk · 07/23/2024 11:28 EDT

ETH ETFs: What We’re Watching For

ETH ETFs finally make their debut in the U.S. this week. How will the market react and will Ethereum as a development ecosystem benefit? George Kaloudis raises the questions we’re looking forward to answering. Read more ›

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CoinDesk
CoinDesk Indices, Tracy Stephens @ CoinDesk · 07/23/2024 10:13 EDT

CoinDesk 20 Performance Update: Index Slips 2.2% as Spot Ether ETFs Begin Trading

A decline of 5.6% in ICP and 5.2% in AVAX dragged the index down in overnight trading. Read more ›

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CoinDesk
Shaurya Malwa, Sam Reynolds @ CoinDesk · 07/23/2024 08:42 EDT

Ether Rises Above $3.5K Ahead of ETH ETF Trading, But Inflow Concerns Remain

Market observers expect ether to outperform bitcoin in the coming weeks as the token gives exposure to a flourishing Ethereum ecosystem. Read more ›

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CoinDesk
Jamie Crawley, Omkar Godbole @ CoinDesk · 07/23/2024 08:01 EDT

First Mover Americas: Ether Little Changed After Spot ETF Approval

The latest price moves in bitcoin (BTC) and crypto markets in context for July 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more ›

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CoinDesk
Jamie Crawley @ CoinDesk · 07/23/2024 08:00 EDT

Bitcoin Layer-2 Chain Bitlayer Raises $11M Led by ETF Issuer Franklin Templeton

Bitlayer's layer 2 is based on the BitVM paradigm, which was unveiled last October and laid out a path for Ethereum-style smart contracts on the original blockchain. Read more ›

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CoinDesk
Bradley Keoun @ CoinDesk · 07/23/2024 08:00 EDT

Ethereum-Based Protocol Alkimiya Creates Market for Hedging Bitcoin Fees

One question is whether the protocol can pull in loyal bitcoin users – or if it will eventually end up on an Ethereum-compatible layer-2 network atop Bitcoin. Read more ›

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CoinDesk
Will Canny @ CoinDesk · 07/23/2024 07:31 EDT

Coinbase Upgraded to Buy From Neutral on Improving Regulatory Risk: Citi

The Wall Street bank increased its price target on the crypto exchange’s shares to $345 from $260. Read more ›

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CoinDesk
Ian Allison @ CoinDesk · 07/23/2024 07:00 EDT

Solana Sees Arrival of Nomura, Brevan Howard-Affiliated Tokenization Firm Libre

Libre is unveiling a new tokenized offering, the blockchain-based Hamilton Lane SCOPE senior credit fund, which will be available on Solana and Ethereum-compatible chains. Read more ›

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CoinDesk
Will Canny @ CoinDesk · 07/23/2024 06:58 EDT

Ethereum Experienced Its Highest Inflationary Period in the Last Quarter: Fidelity

Layer-2 transactions have increased 20% since the Dencun upgrade in March, and that success could be a positive sign for the future of the network, the report said. Read more ›

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CoinDesk
Amitoj Singh @ CoinDesk · 07/23/2024 06:53 EDT

Crypto Exchange Gate.io Exits Japan

Crypto exchange Gate.io has terminated its services in Japan, it announced on Monday, suggesting a lack of compliance in the nation. Read more ›

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CoinDesk
Shaurya Malwa @ CoinDesk · 07/23/2024 06:48 EDT

Kamala Harris Memecoin Sets New Highs as Her Nominee Odds Surge to 90%

Harris has been endorsed by incumbent Joe Biden for the upcoming U.S. presidential elections, and some traders are betting on her ascent with meme tokens and prediction markets. Read more ›

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CoinDesk
Bradley Keoun @ CoinDesk · 07/23/2024 04:00 EDT

Avail, Long-Awaited Blockchain Project for 'Data Availability,' Launches Main Network

The project, spun out of Polygon in 2023, has raised $75 million of funding and claims unique technologies as a provider of "data availability," or DA – the speciality of storing reams of transactional data produced by Ethereum layer-2 networks. Read more ›

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CoinDesk
Shaurya Malwa @ CoinDesk · 07/23/2024 03:30 EDT

Bitcoin Nears $66K as Mt. Gox Moves $130M to Bitstamp

The defunct crypto exchange shuffled over $2.5 billion between wallets, some of which was sent to crypto exchange Bitstamp. Read more ›

1

CoinDesk
Amitoj Singh @ CoinDesk · 07/23/2024 03:08 EDT

India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech

The primary demand from India's crypto industry was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01% Read more ›

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CoinDesk
Omkar Godbole @ CoinDesk · 07/23/2024 02:12 EDT

BlackRock's Spot Bitcoin ETF Draws $526M in Net Inflows

BTC failed to take out key price resistance despite huge inflows into BlackRock's IBIT. Read more ›

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CoinDesk
Amitoj Singh @ CoinDesk · 07/23/2024 01:56 EDT

BlockFi Administrator Submits Plan in Court to Make Customers Whole

"This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi," said Mohsin Y. Meghji, Plan Administrator of BlockFi Inc. Read more ›

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CoinDesk
Omkar Godbole @ CoinDesk · 07/23/2024 01:27 EDT

U.S. Government Moves $4M Bitcoin to Coinbase, Arkham Data Show

An address labeled "U.S. Government: Ryan Farace Seized Funds" moved BTC worth nearly $4 million to Coinbase 10 hours ago. Read more ›

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CoinDesk
Jesse Hamilton @ CoinDesk · 07/22/2024 17:52 EDT

U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate

The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a government working group to assess how to keep bad actors from using digital assets isn't likely to become a law as-is. Read more ›

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