A long-running feud between OKX founder Star Xu and Binance founder Changpeng “CZ” Zhao resurfaced on Thursday, with Xu calling CZ a “habitual liar” in a series of posts on X that repeat accusations dating back more than a decade. The clash traces back to Zhao’s brief tenure at OKCoin, founded by Xu, when he […]
CZ and Xu Star rekindle decade-old dispute over X with accusations and $1 billion bet Read More »
As expected, US inflation accelerated last month, primarily driven by rising energy costs linked to the Middle East conflict. However, core prices surprised to the downside. The Consumer Price Index (CPI) rose 0.9% in March, according to a Friday report from the Bureau of Labor Statistics. Economists had forecast a 0.9% increase, and February’s increase
BTC moves up to $72,400 after March inflation data Read More »
World Liberty Financial’s WLFI token fell about 12% in the last 24 hours after the Trump-linked crypto venture posted a thread on X defending its lending position on Dolomite, the DeFi protocol whose co-founder advises WLFI. The thread came in response to CoinDesk’s reporting that WLFI had deposited its own governance token as collateral, borrowed
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 2007.93, down 0.2% (-3.4) since yesterday’s close. Six out of 20 assets are trading higher. Leaders: AVAX (+0.6%) and BTC (+0.3%). Lagging behind: HBAR (-1.9%) and ADA (-1.3%). The
Hedera (HBAR) falls 1.9%, leading index lower Read More »
Binance offered its employees in the United Arab Emirates the option to temporarily relocate to Hong Kong, Tokyo, Kuala Lumpur and Bangkok amid regional tensions, the company told CoinDesk on Friday. “Given recent regional tensions, we offered employees the opportunity to temporarily relocate as a precautionary, employee-first measure to provide flexibility and support during a
Bitcoin BTC$72,097.63 Treasury firm Nakamoto ( NAKA ) is turning to a familiar Wall Street playbook as it looks to lift its pounding share price and stay on the Nasdaq. The company is seeking approval for a “reverse stock split” that would combine shares in a ratio to be set between 1-to-20 and 1-to-50, according
Nakamoto seeks reverse stock split as shares drop 99% from top Read More »
Bitcoins BTC$72,175.46 The price may have rallied nearly 7% since Sunday, but conviction remains weak, with the rally stalling near $72,000 ahead of key binary risks, including Friday’s US inflation report and US-Iran ceasefire talks this weekend. The cautious approach is evident in the options market, where institutions continue to chase upside via calls, the
Institutions’ bitcoin positioning lacks conviction; CPI, Iran talks can help Read More »
The crypto market held steady on Friday with bitcoin BTC$71,835.73 trading little changed at $71,700 and ether (ETH) at $2,180, extending the low-volatility price action that has characterized the past few months. Daily Bollinger bands, a technical analysis tool that measures market volatility, are at their narrowest since early 2024. In the past, such a
Hong Kong issues first stablecoin licenses to HSBC, Standard Chartered
Hong Kong issues first stablecoin licenses to HSBC, Standard Chartered Read More »
Flare published a governance proposal on Thursday that would make it one of the first layer-1 blockchains to capture maximum extractable value (MEV) at the protocol level, instead of letting it flow to the small number of specialized actors who profit from transaction ordering across virtually every major chain. MEV is the revenue that block
XRP next to Flare proposes MEV capture at protocol level and 40% inflation reduction Read More »
