Latest Crypto News

Consensus Hong Kong 2025 Coverage

Wintermute CEO Evgeny Gaevoy Discusses the Future of Crypto Trading

The algorithmic trading firm’s founder opines on AI’s growing role, the differences between Asian and Western markets, and liquidity fragmentation.

Wintermute CEO Evgeny Gaevoy (Danny Nelson/CoinDesk)

Finance

Tether Reports $13B Profit for 2024, With Rising Bitcoin, Gold Prices Contributing

The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of year-end.

Tether CEO Paolo Ardoino (Tether)

CoinDesk Indices

CoinDesk 20 Performance Update: LINK Gains 4.6% as Index Inches Higher From Thursday

Ethereum (ETH) joined Chainlink (LINK) as a top performer, gaining 3.2%.

9am CoinDesk 20 Update for 2025-01-31: leaders chart

Tech

UBS Tests ZKSync's Layer-2 Tech, Showing Deeper TradFi Interest in Crypto

The Swiss banking giant, which has been experimenting with blockchain, tapped the layer-2 firm to test whether it could scale its current Key4 Gold program.

UBS Bank (Wikipedia)

Finance

Grayscale Unveils New Dogecoin Trust

The asset manager said the token has transitioned from a memecoin to a tool for global financial inclusion.

Grayscale ad in NYC (Nikhilesh De/CoinDesk)

Markets

MicroStrategy Upsizes Preferred Stock Offering, Raising $563M for More Bitcoin

The initial dividend yield will be 10%, up from an originally expected 8%.

MicroStrategy Executive Chairman Michael Saylor (Credit: CoinDesk/Danny Nelson)

Markets

XRP Ledger ‘Clawback’ Goes Live in Boost For Ripple USD Trading

Clawback refers to tokens that have a feature allowing the issuer to reclaim coins from user wallets under certain conditions.

Ripple Labs maintains XRP. (Ripple Labs)

Markets

January Could Become Bitcoin's Second-Best Month in the Last 10 Months

February and March are both seasonally bullish months for bitcoin, with Q1 being the second-best-performing quarter.

Bitcoin Bulls (Unsplash)

Markets

Stablecoin Market Surges Past $200B, Signaling Potential Crypto Price Upswing

The stablecoin market has grown by almost $40 billion since President Trump won the U.S. election.

Stablecoins: Market Cap Growth (CryptoQuant)

Markets

VIRTUAL Surges 28% as Upbit Listing Exposes the Token to Altcoin Savvy South Koreans

VIRTUAL is the native token of the AI launchpad Virtuals Protocol, a Base-native that recently expanded to Solana.

VIRTUAL price spike. (CoinDesk)

Markets

Elon Musk’s Dad Eyes $200M Raise From 'MUSK IT' Memecoin to Go ‘Beyond Rockets’

Musk’s flirtation with memecoins has remained limited to dogecoin. His father is taking a different path.

(Musk It)

Markets

BOJ's Ueda Says Need to Maintain Accommodative Monetary Environment to Support Economy

The slightly dovish take may assuage concerns about a yen-led risk-off in global markets, including cryptocurrencies.

japanese yen(Shutterstock)

Policy

Sam Bankman-Fried’s Parents Seek Presidential Pardon for Their Son: Report

Joseph Bankman and Barbara Fried have engaged with individuals connected to Trump's inner circle to discuss potential clemency for their 32-year-old son.

FTX founder Sam Bankman-Fried after returning to court In the Bahamas (Joe Raedle/Getty Images)

Markets

Bitcoin Steady, Gold Tokens Shine as XAU Hits Record High; Inflation in Tokyo Rises

BTC takes a breather as Trump's tariff threat bodes well for gold, and the uptick in Tokyo inflation supports BOJ rate hikes.

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

Markets

Grayscale Files SEC Proposal to Convert XRP Trust Into ETF

Earlier in January, Ripple Labs president Monica Long remarked an XRP ETF could “soon be a reality” under the new Trump administration.

XRP