Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst
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Crypto News

The cryptocurrency market reached its definitive bottom for the currency cycle, Standard Chartered Analyst Geoffrey Kendrick said in a note on Friday. The cycle low is now locked in at $59,000 for bitcoin, a 53% drop from its Oct. 6 all-time high of $126,000, according to Kendrick. “Winter is over. Welcome back to crypto Spring, […]

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For the bitcoin (BTC) price, SpaceX’s Nasdaq debut could go either way: Crypto Daily
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Crypto News

The months of waiting have ended, and SpaceX is set to begin trading on Nasdaq today after investors pumped $75 billion into the largest IPO in history. What happens next could ripple across financial markets, including crypto. One theory making the rounds is that recent outflows of over $5 billion from bitcoin BTC$63,553.89 ETFs, which […]

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SpaceX (SPCX) raises $75 billion in largest-ever IPO
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Crypto News

SpaceX has priced its shares at $135, according to a filing with the U.S. Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts in recent years. The company sold 555.6 million shares at that price, raising $75 billion, making it the largest IPO ever, easily […]

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Michael Saylor says Mnav is just one metric as Strategy dilution debate continues
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Crypto News

The debate over Strategy’s (MSTR) recent dilutive transaction resurfaced, this time featuring Strategy Executive Chairman Michael Saylor and Strike and Twenty One Capital (XXI) CEO Jack Mallers, on Wednesday at BTC Prague, as the two weighed in on how investors should assess the company’s increasingly complex capital structure. Mallers asked Saylor how he defines multiple-to-net […]

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Ethereum (ETH) developers are exploring new token standards as privacy returns to focus
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Crypto News

For years, privacy in transacting was one of crypto’s most ambitious promises. Then it took a back seat as other trends took off. As developers focused on scaling blockchains and regulators scrutinized privacy tools such as Tornado Cash, much of the industry’s attention shifted elsewhere. But a new Ethereum proposal and a growing number of […]

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Botanix bet big on ‘Bitcoin DeFi.’ Its shutdown suggests users never cared
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Crypto News

Bitcoin layer-2 network Botanix is being wound down a year after its mainnet went live. The project cited market conditions and broader indifference within the cryptocurrency industry towards establishing greater utility on the Bitcoin network, in a post on X on Tuesday. “It did not work,” Botanix summed up. “At least not in this market […]

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Crypto tax bills a work-in-progress as U.S. House lawmakers pose concerns
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Crypto News

A package of several crypto tax bills may not be ready yet for prime time, as a U.S. House Ways and Means Committee hearing revealed potentially significant questions from lawmakers that suggested the panel hasn’t achieved a bipartisan embrace of the bills that would tailor a clearer tax code for digital asset gains. The latest […]

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Humanity’s $36 million exploit happened because a ‘multisig’ lived on one laptop
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Crypto News

Humanity Protocol explained how attackers were able to steal more than $36 million of its H token, and the cause was a serious lapse in how it secured its keys. In an incident update shared with CoinDesk, the decentralized identity project said the breach started when an employee’s laptop was compromised. The machine held several […]

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A forehead tattoo typo became a $600,000 crypto token, revealing the dark side of memecoin craze
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Crypto News

Memecoin issuance platform Pump.fun’s new bounty product has produced its first controversy. A user posting as Arivu on X said he completed a Pump.fun GO bounty last week that asked someone to tattoo the ticker “$boutywork” on their forehead and provide video proof. The task appeared to reference a token called $Bountywork, but the bounty […]

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Bybit challenges Wall Street with a massive push into tokenized U.S. stock IPOs
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Crypto News

Bybit, the world’s second-largest crypto exchange by trading volume, has joined the tokenization race to capture the highly-anticipated public listing of SpaceX later this week with its new Bybit IPO Express service. The Dubai-based exchange is the second crypto exchange to offer tokenized initial public offerings (IPO) following Kraken. Its parent company Payward said it […]

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A quick review of the Ways and Means tax bills: State of Crypto
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Crypto News

The House Ways and Means Committee circulated seven draft bills ahead of this week’s hearing on crypto tax policy, signaling what the industry can expect. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative The House Ways and […]

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Meta is paying creators in Stablecoins. Spending them is someone else’s problem
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Crypto News

In March, when Meta announced plans to begin paying creators in USDC across Colombia and the Philippines, with expansion to more than 160 countries expected by the end of the year, the move was widely interpreted as another milestone for stablecoins entering the financial mainstream. A company responsible for nearly $3 billion in annual creator […]

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