Eight decades of dollar history can be read as a three-act play. Act I was the Eurodollar—off-shore bank deposits that sprang up in 1950s London so the Soviet bloc, European exporters, and eventually every multinational could hold dollars outside U.S. regulation, spawning a multi-trillion-dollar shadow banking base. Act II was the Petrodollar. After 1974, OPEC’s […]
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, […]
Corporate treasury buying of bitcoin (BTC) could reach $330 billion by the end of 2029, broker Bernstein said in a research report Monday. Strategy (MSTR) is likely to be the largest buyer, with an additional $124 billion of the world’s largest crypto, in the broker’s bull case. The company led by Michael Saylor announced a […]
In the crypto market, bold predictions aren’t just talk – they’re backed by real dollars, often through option plays that resemble lottery tickets offering outsized upside for relatively small costs. The stand-out as of writing is the Deribit-listed $300,000 strike bitcoin call option expiring on June 26. Theoretically, this call is a bet that BTC’s […]
Adopting Michael Saylor’s strategy of buying for the balance sheet has clearly taken off among many publicly traded firms, substantially enriching their stock prices and shareholders. But what does it mean for the future of the bitcoin price? NYDIG Research crunched the numbers, and the results are striking. “If we apply a 10x “money multiplier”—a […]
The gold market is seeing a shift in activity, with central bank buying slowing and demand from exchange-traded funds and gold-backed cryptocurrencies growing. The latter recently moved to a three-year high, as measured by the net minting volume for tokens backed by the precious metal. Over $80 million worth of these tokens were minted over […]
Arizona will not be investing in bitcoin (BTC), at least not this year. Governor Katie Hobbs vetoed a bill on Friday that would have allowed the state to hold the digital asset as part of its official reserves. The legislation, known as Senate Bill 1025, proposed using seized funds to invest in BTC and create […]
The IRS lost two key directors working on crypto initiatives, Seth Wilks and Raj Mukherjee, on Friday after they accepted deferred resignation offers directed by the Department of Government Efficiency. Wilks and Mukherjee, who both went to the IRS from the crypto industry, are technically still employees with the IRS for the next few months […]
Wall Street analysts are standing firmly behind Strategy’s (MSTR) aggressive escalation of its bitcoin (BTC) acquisition strategy after the company unveiled plans to double its capital-raising ambitions. “While the number of companies that have sought to replicate Strategy’s bitcoin acquisition strategy has continued to grow rapidly … MSTR yesterday issued a reminder of the extent […]
Movement Labs announced today on X that it had suspended co-founder Rushi Manche. The move to suspend Manche comes as Coinbase delisted the MOVE token, after CoinDesk reported that Movement Labs is investigating how a market maker tied to Web3Port acquired and dumped over 5% of the token’s supply, triggering a price crash. We confirm […]
Crypto ETF issuers may not have to wait much longer to expand beyond spot bitcoin and ether funds. Bloomberg ETF analysts Eric Balchunas and James Seyffart now see a 75% or greater chance the U.S. Securities and Exchange Commission (SEC) approves a range of spot altcoin ETFs by the end of 2025. Eight separate spot […]
Tether, the issuer behind the nearly $150 billion USDT stablecoin, has finalized the purchase of a 70% stake in the Latin American agricultural firm Adecoagro (AGRO), which has a market cap of nearly a billion dollars. Tether initially invested $100 million in Adecoagro in September 2024 for a 9.8% stake, then offered to increase it […]