Tag: News

Circle, the issuer of the USDC stablecoin, made a highly anticipated entrance onto the public market on Thursday, with its stock (CRCL) skyrocketing as much as 200% during trading.  The shares opened at approximately $69 and closed at $83.23, marking a remarkable 168% increase from the initial public offering...

Taiwan-based crypto exchange BitoPro has confirmed to CoinDesk that it suffered a cyberattack on an old hot wallet in May, resulting in losses of over $11 million. The company said it immediately replenished the stolen funds and moved assets to new wallets to prevent further losses. The breach, which...

Dogecoin DOGE and Cardano’s ADA ADA led the declines on Friday as crypto traders digested mixed macro data and recession concerns sparked by an escalating feud between President Donald Trump and tech titan Elon Musk. DOGE tumbled nearly 7% in 24 hours, while ADA slid 6.5% to reflect a...

Last month, CoinDesk reported that big money is becoming increasingly bullish on ether ETH, with price charts indicating a potential rally above $3,000. New evidence has now emerged, supporting those claims. On Thursday, a trader paid a premium of over $2 million to purchase a total of 61,000 contracts...

A late-night Twitter spat between President Donald Trump and Elon Musk sparked fresh uncertainty in global markets, sending major cryptocurrencies tumbling and wiping out nearly $1 billion in leveraged bets. Bitcoin BTC dropped below $101,000 overnight before bouncing modestly, with DOGE and ADA among the worst hit, down over...

Uber CEO Dara Khosrowshahi said the ride-hailing giant is exploring the use of crypto as a payment method, which marks the third time the company has made the claim since 2021. Speaking at the Bloomberg Tech conference in San Francisco on Thursday, Khosrowshahi said the company is in the...

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin BTC is trading above...

You may be able to take out loans with your crypto soon, as JPMorgan Chase & Co. plans to let its clients use cryptocurrency-linked assets as collateral. It’s a dramatic shift in the organization’s attitude towards crypto. It also marks a growing need for a secure crypto wallet like...

Ride-hailing company Uber is exploring the use of stablecoins to streamline global payments and reduce transaction costs associated with cross-border transactions. During his appearance at the Bloomberg Tech Summit in San Francisco on 5 June, Uber CEO Dara Khosrowshahi confirmed…...

Total crypto market capitalization declined by around $170 billion in a fall to $3.26 trillion on June 5, its lowest level since May 8, almost a month ago. Markets are now poised for a further fall below longer-term levels if current support levels break down. However, the decline slowed...