Business – Page 247

Dogecoin holds $0.14 floor as network activity hits 3-month high

Memecoin is making modest progress with increased trading activity, while technical patterns signal consolidation near key support. News background Dogecoin marked its 12th anniversary on December 6, twelve years after creators Billy Markus and Jackson Palmer introduced the meme token that would later evolve into a major crypto-asset backed by sustained community engagement. Despite the […]

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The index is up 3.3% as all components trade higher

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CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2934.99, up 3.3% (+93.38) since 16 ET Friday. All 20 assets are trading higher. Leaders: NEAR (+6.5%) and AAVE (+6.4%). Backlog: DOT (+1.0%) and HBAR (+1.0%). The CoinDesk 20

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ZKsync Lite shuts down in 2026, while Matter Labs moves on

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Matter Labs plans to phase out ZKsync Lite, the first iteration of its Ethereum layer-2 network, the team said in a post on X over the weekend. The company framed the move, which happened in early 2026, as a planned sunset for an early proof-of-concept that helped validate their zero-knowledge rollup design choices before newer

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Bitcoin stabilizes around 90,000 with liquidity drained and a Fed cut fully priced in

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Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Diary Americas. Bitcoin is hovering around 90k after a weekend of sharp

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Most Influential: Ross Ulbricht

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Silk Road founder Ross Ulbricht served 12 years of a double life sentence (plus another 40 years) before US President Donald Trump pardoned him in January, releasing him from prison and setting off a wave of other pardons that continues through this month. This feature is part of CoinDesk’s Most Influential 2025 list. Ulbricht, who

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Pye Finance closes $5M seed round led by Variant and Coinbase Ventures

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Pye Finance has raised a $5 million seed round led by Variant and Coinbase Ventures, the company said in a press release Monday. The round also included participation from Solana Labs, Nascent, Gemini and others, the company said. The startup is building an on-chain marketplace on Solana for time-locked stake positions, an effort to make

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Most influential: Donald Trump

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US President Donald Trump did not write crypto policy. He did not negotiate legislation or draft legislative guidelines. But without his sweeping demands from the White House and the pressure he’s put on his political allies in Congress, it’s hard to imagine the industry would have had the several major successes it’s celebrated during his

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Most Influential: Rep. French Hill

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Rep. French Hill’s name may or may not end up on any of the final legislation that will become crypto legislation in the US, but he was the one who pushed it forward. By Jesse Hamilton|Edited by Cheyenne Ligon Updated 8 December 2025, at 15.47 Released 8 December 2025, at 3 p.m (Nikhilesh De/Modified by

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Most Influential: David Sacks

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PayPal Mafia alum and Craft Ventures co-founder David Sacks became one of US President Donald Trump’s earliest major picks for a crypto role as he prepared to retake office, naming Sacks as the White House AI and Crypto Czar in December 2024. And in that role, Sacks has seen Congress pass the first major piece

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Trump rejects sale of more powerful Nvidia AI chips to China

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President Trump said Monday that his administration had authorized Nvidia to begin selling its second-largest chip to China, a big step up from what the artificial intelligence chipmaker had been allowed to offer Beijing. The administration had spent months grappling with whether it was comfortable relaxing its policy on the sale of a critical AI

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