Latest Crypto News

Tech

Avalanche Visa Card Goes Live Aiming to Further the Mass Adoption of Crypto

Users can spend their Avalanche tokens (AVAX), wrapped AVAX as well as the USDT and USDC stablecoins at any store in person or online that takes Visa.

Emin Gün Sirer (CoinDesk archives)

Policy

Circle CEO Jeremy Allaire Wants Dollar-Backed Stablecoins to Register in U.S.: Bloomberg

“It shouldn’t be a free pass, right?” Jeremy Allaire, a co-founder of stablecoin issuer Circle said.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Markets

Bitcoin's Lofty Max Pain Suggests Higher Spot Prices as $5B Options Expiry Approaches

Over $5 billion of notional value is set to expire this Friday on Deribit at 08:00 UTC.

Open Interest by Strike Price (Deribit)

Markets

Story Protocol’s IP Rockets 40% as Traders Bet on IP Tokenization

Despite markets taking a brutal hit on Tuesday, two altcoins—Story’s IP and Hyperliquid’s HYPE—are stealing the spotlight.

Rocket taking off. (NASA, modified by CoinDesk)

Markets

Bitcoin Miner GDA Expands West Texas Facilities With 50 MW Deployment

Genesis Digital Assets is a private bitcoin miner that claims to have one of the largest hashrate capacities in the world.

Bitcoin mining rigs (Image credit: Eliza Gkritsi/CoinDesk)

Markets

XRP Keeps Rally Hope Alive as Price Holds 38.2% Fibonacci Level, DOGE Uptrend Ends

Fibonacci retracement levels serve as potential areas from which prices resume the primary trend.

XRP holds key Fib level to keep bulls' hopes alive. (geralt/Pixabay)

Markets

Bitcoin's Tuesday Bloodbath Was the Bottom, Analyst Says

Many on-chain metrics show signs of capitulation and seller exhaustion in bitcoin.

MSTR's price chart hints at bottoming pattern. (PublicDomainPictures/Pixabay)

Markets

ARK Invest Swaps Nearly $9M of Its Own Bitcoin ETF for Coinbase

The rout in the cryptocurrency market on Tuesday brought about record outflows from spot bitcoin ETFs in the U.S

Cathie Wood, CEO of ARK Invest, at Consensus 2024 by CoinDesk (Suzanne Cordiero)

Tech

Hackers Are Using Fake GitHub Code to Steal Your Bitcoin: Kaspersky

The attack starts with seemingly legitimate GitHub projects — like making Telegram bots for managing bitcoin wallets or tools for computer games.

hacker

Markets

U.S. Bitcoin ETFs See Record Daily Outflow of Over $930M as Carry Trades Lose Shine to the 10-Year Treasury Note

Investors pulled out funds from bitcoin and ether spot ETFs Tuesday as dwindling basis in the CME futures dented the appeal of carry trades.

BTC, ETH carry trades lose shine, spurring record ETF outflows. (Pexels/Pixabay)

Markets

XRP, BNB Edge Higher as Bitcoin Bulls Eye $90K After Tuesday Bloodbath

The move higher was in line with a CoinDesk analysis on Tuesday, as a five-month low in a sentiment index and a large-scale liquidation event indicated assets were likely oversold and could see relief in the short term.

(Shutterstock)

Finance

How to Prepare for a Major Compliance Failure Settlement: The OKX Approach

A confidential crisis management document drafted by OKX offers a fascinating insight into how one exchange choreographs its response when news breaks about regulatory failures.

OKX CMO Haider Rafique with McLaren drivers Lando Norris and Oscar Piastri before the Singapore Grand Prix on September 1, 2024. (Courtesy: McLaren and OKX)

Finance

Michael Novogratz's Galaxy Hires Zac Prince, Former CEO and Co-Founder of BlockFi

Prince will work closely with the firm's president, Chris Ferraro, to expand Galaxy's crypto offering.

Mike Novogratz, Founder and CEO, Galaxy Digital (Suzanne Cordiero/Shutterstock/CoinDesk)

Policy

SEC Drops Investigation Into Uniswap, Will Not File Enforcement Action

Uniswap celebrated the news on X, calling it a “huge win for DeFi.”

Hayden Adams, CEO of Uniswap Labs. (LinkedIn)