{"id":26044,"date":"2025-05-09T16:46:50","date_gmt":"2025-05-09T16:46:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=26044"},"modified":"2025-05-09T16:46:50","modified_gmt":"2025-05-09T16:46:50","slug":"coindesk-weekly-recap-even-eth-is-up","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26044","title":{"rendered":"CoinDesk Weekly Recap: Even ETH Is Up"},"content":{"rendered":"
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It was a pretty positive week for crypto as prices rose, big deals were signed, and stablecoins continued to penetrate deep into the financial system. Even ETH, a perennial downer of late, rose sharply<\/a>, reaching nearly $2300 at press time. <\/p>\n

The CoinDesk 20, a barometer for the whole market, has risen 15%-plus<\/a> since Monday. <\/p>\n

Bitcoin was near ATH levels this week on the back of more positive \u201ctrade\u201d news. Bearish positions were liquidated<\/a> and ETF flows were up, Omkar Godbole reported. <\/p>\n

ETH\u2019s resurgence may have had something to do with its Pectra upgrade<\/a>, which went off without a hitch (as Ethereum upgrades tend to). Pectra will make staking easier (and bigger) and boost efficiency. Margaux Nijkerk, our Ethereum reporter, had the news. <\/p>\n

Coinbase signed the biggest acquisition in crypto history, a $2.9 billion deal for Deribit, a crypto options pioneer. Wall Street analysts said Coinbase is now a genuine player in derivatives<\/a>, rivaling Binance. <\/p>\n

Still, the deal couldn\u2019t boost Coinbase\u2019s stock price, which took a hit on tariff-affected Q1 earnings<\/a>. Helene Braun wrote about that. <\/p>\n

About those stablecoins\u2026 Meta (formerly Facebook) looks set to join the integration party<\/a>; as does Stripe<\/a>. But Senate Democrats are stalling the stablecoin bill<\/a>, citing concerns about numerous questionable Trump crypto ventures. That delay could in turn affect the timetable for a more comprehensive \u201cmarket structure\u201d bill. <\/p>\n

New Hampshire (\u201cLive Free or Die\u201d) signed the U.S.\u2019s first state crypto reserve law<\/a>. Many more are set to follow, Jesse Hamilton reported<\/a>.<\/p>\n

Meanwhile, Strike, which started as a bitcoin wallet, announced plans to get into bitcoin-based lending. Many expect the bitcoin credit market to expand from here. <\/p>\n

This happened the same week, another bitcoin lender \u2014 disgraced Celsius Founder Alex Mashinsky \u2014 was sentenced to 12 years in prison<\/a> for securities fraud related to the last cycle. Hopefully, bitcoin lending will work out better this time around. <\/p>\n<\/p>\n

<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It was a pretty positive week for crypto as prices rose, big deals were signed, and stablecoins continued to penetrate deep into the financial system. Even ETH, a perennial downer of late, rose sharply, reaching nearly $2300 at press time. The CoinDesk 20, a barometer for the whole market, has risen 15%-plus since Monday. Bitcoin […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26044","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26044"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26044\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}