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CoinDesk Indices , Tracy Stephens @ CoinDesk · 11/25/2024 10:09 EDT

CoinDesk 20 Performance Update: XLM Surges 47.7% as Index Rises Over 100 Points

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3382.04, up 3.2% (+104.5) since 4 pm ET on Friday. Seventeen of 20 assets are trading higher.Leaders: XLM (+47.7%) and DOT (+37.1%).Laggards: SOL (-2.3%) and BTC (-1.8%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Read more ›

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CoinDesk
Jamie Crawley @ CoinDesk · 11/25/2024 09:59 EDT

Former Grayscale CEO Michael Sonnenshein Joins Aptos Labs as Adviser

Michael Sonnenshein, the former CEO of Grayscale Investments, has joined Aptos Labs as an adviser alongside OpenAI's chief product officer, Kevin Weil.Aptos Labs said it will harness Sonnenshein's knowledge to bring more traditional financial institutions to the network. Read more ›

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CoinDesk
Jamie Crawley @ CoinDesk · 11/25/2024 08:34 EDT

First Mover Americas: Bitcoin Regains $98K After Weekend Slump

Bitcoin returns to $98,000.Crypto futures saw $500 million in liquidations amid volatility.Brokers raise price targets for MicroStrategy. Read more ›

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CoinDesk
James Van Straten @ CoinDesk · 11/25/2024 08:21 EDT

Michael Saylor's MicroStrategy Makes Mammoth BTC Purchase, Adding 55,500 Tokens for $5.4B

MicroStrategy bought 55,500 more bitcoin over the past week for $5.4B, bringing its total holding to 386,700 BTC. MicroStrategy recently entered the top 100 U.S. publicly traded companies by market cap, briefly surpassing $100 billion valuation. The Nasdaq 100 Index begins its annual reranking this week, with results set to be announced on Dec. 13. Read more ›

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CoinDesk
James Van Straten @ CoinDesk · 11/25/2024 08:05 EDT

Bitcoin Options Worth $9B Expire Friday, Traders May be Thankful for the Post-Thanksgiving Volatility

November's expiry is due Friday at 08:00 UTC, with $9.4 billion in options expiry for bitcoin.Bitcoin's max pain price is $78,000, significantly lower than the current spot price. The majority of the put open interest represent hedging activity and not outright downside bets: European Head of Research at Bitwise - Dragosch. Read more ›

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CoinDesk
Will Canny @ CoinDesk · 11/25/2024 05:41 EDT

MicroStrategy Is a Bitcoin Magnet Pulling in the Earth's Capital Reserves: Bernstein

Bernstein raised its MicroStrategy price target to $600 from $290.Broker Canaccord also increased its price target for the software company, to $510 from $300.The shares rose over 6% in early trading Monday. Read more ›

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CoinDesk
Shaurya Malwa @ CoinDesk · 11/25/2024 04:44 EDT

Crypto Gets Shock Video Dose as Users Stream 'NSFW' Content to Pump Their Memecoins

Early 2000s-style internet shock videos are making the rounds on a popular crypto platform, with such content including extreme acts like individuals engaging in self-harm, animal cruelty, and explicit sexual content to attract attention and potentially increase token value.Despite the platform's moderation efforts, some of this content surfaces in the public view.The crypto community, particularly on X, has largely criticized the use of shock content to promote tokens. Most tokens... Read more ›

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CoinDesk
Omkar Godbole @ CoinDesk · 11/25/2024 03:36 EDT

Koreans Go Full Monty on DOGE, XRP, XLM After Trump's Win; Now Look to SAND Token

DOGE, XRP and XLM are the most traded cryptocurrencies on Upbit since Donald Trump's election victory. The latest activity points to a pivot toward metaverse tokens. If you think the Terra/Luna crash of 2022 left lasting scars on the South Korean crypto community, you are wrong. With the bitcoin (BTC) bull market in full swing, Koreans are again diving in head first and snapping up smaller cryptocurrencies.Trading volume on South... Read more ›

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CoinDesk
Callan Quinn @ CoinDesk · 11/25/2024 03:22 EDT

Tether in Talks to Support Cantor Fitzgerald’s Planned Bitcoin Lending Program: WSJ

Tether may take part in Cantor’s multi-billion dollar bitcoin financing program.The latter already owns a 5% stake in Tether and custodies its U.S. Treasuries. Read more ›

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CoinDesk
Callan Quinn @ CoinDesk · 11/25/2024 01:13 EDT

Axie Infinity Creator Cuts 21% of Staff Despite Year of ‘Valuable Growth'

Sky Mavis has laid off 21% of its workforceThe web3 firm said the decision was not related to its finances. Read more ›

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CoinDesk
Shaurya Malwa @ CoinDesk · 11/25/2024 00:27 EDT

XRP, DOGE Lead Crypto Losses as Weekend Bitcoin Pullback Causes $500M Liquidations

Bitcoin experienced a significant drop from $98,500 to $95,500 Sunday, triggering a broader market decline.The volatility led to over $500 million in futures liquidations, predominantly affecting smaller altcoins and midcap futures.Despite the pullback, market sentiment remains optimistic, with analysts still holding a view of bitcoin reaching the landmark $100,000 figure on various catalysts. Read more ›

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CoinDesk
Omkar Godbole @ CoinDesk · 11/25/2024 00:21 EDT

Bitcoin May Be More Vulnerable to Negative News Near $100K, Data Suggests

BTC's order book shows executed bullish flow isn't being replenished, leaving sellers in a more dominant position, according to data tracked by FalconX. The overall market depth has weakened amid the price rally. Read more ›

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CoinDesk
Jesse Hamilton @ CoinDesk 1 place · 11/22/2024 13:09 EDT

Another SEC Democrat to Drop Out, Leaving Republicans Running Agency by February

Another Democratic commissioner on the Securities and Exchange Commission is following Chair Gary Gensler out the door in January, leaving the agency with a Republican majority as it weighs a likely course shift under the new administration of President-elect Donald Trump. Read more ›

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CoinDesk
Krisztian Sandor @ CoinDesk 1 place · 11/22/2024 12:58 EDT

Dogecoin Jumps on Fresh X Payments Speculations After Elon Musk Tweet

Dogecoin has a history of moving on Musk comments or payments-related developments of his companies. Read more ›

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CoinDesk
Tom Carreras @ CoinDesk 3 place · 11/22/2024 12:50 EDT

Bitcoin Going to $140K Say Trio of AIs Managing $30M Investment Fund

Intelligent Alpha’s investment committee is composed of three AIs, and the fund's CEO tries to stay out of their way. Read more ›

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CoinDesk
Danny Nelson @ CoinDesk 1 place · 11/22/2024 12:48 EDT

Coinbase App Gets Left Behind as Memecoin Craze Drives Traders On-Chain

Phantom, a crypto wallet with a steeper learning curve, is way ahead of exchange giant Coinbase in the Apple App Store rankings. Read more ›

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CoinDesk
Jonathan Isaac @ CoinDesk · 11/22/2024 10:30 EDT

How to Talk About Crypto With Your Family This Thanksgiving

Need to explain BTC’s rally and significance for the future? CoinMarketCap’s Jonathan Isaac has some useful talking points. Read more ›

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CoinDesk
Danny Nelson @ CoinDesk · 11/22/2024 09:41 EDT

Polymarket Blocks French Users Amid Gambling Inquiry

The new ban means French traders can no longer access the crypto powered prediction markets juggernaut. Read more ›

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CoinDesk
CoinDesk Indices, Tracy Stephens @ CoinDesk · 11/22/2024 09:14 EDT

CoinDesk 20 Performance Update: XRP Surges 19.6% As Index Climbs Higher

CoinDesk 20 Performance Update: XRP Surges 19.6% As Index Climbs Higher Read more ›

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