Tether, the crypto company behind the world’s most popular stablecoin USDT$0.9995continued its gold hoarding over the past month, ranking among the top 30 global owners of the metal and surpassing several sovereign nations, according to a Sunday report from Wall Street investment bank Jefferies. The stablecoin issuer’s gold reserves rose to an estimated 148 tons […]
South Korea’s top financial watchdog is stepping up oversight of crypto markets days after a local exchange mistakenly distributed billions of dollars worth of bitcoin to users. The financial watchdog said on Sunday it will launch planned investigations into “high-risk” practices that undermine market order, including large-scale price manipulation by so-called whales, trading schemes linked
$44B BTC blunder puts South Korea’s regulators on alert Read More »
Japan’s Nikkei 225 rose to a record on Monday, breaking the 57,000 level with a 3.4% gain after Prime Minister Sanae Takaichi’s decisive “super majority” victory in Sunday’s general election, according to Nikkei Asia. This political mandate signaled a green light for Takaichi’s aggressive expansionary fiscal agenda, which includes a massive $135 billion stimulus package
Japan’s record 56,000 Nikkei surge sends bitcoin to $72,000, gold above $5,000 Read More »
CoinDesk is hosting its second annual Consensus Hong Kong conference, and as always, we’ll have a number of policy-focused sessions. Are you in town? Find me on stage or around the show floor and say hi! You’re reading State of Crypto, a CoinDesk newsletter that looks at the intersection of cryptocurrency and government. Click here
Preview politics at Consensus Hong Kong 2026: State of Crypto Read More »
With crypto’s multi-month slump accelerating into a free fall last week, bulls frantically grabbed for technical cues, or perhaps yarn about the explosion of a leveraged hedge fund that could signal a final bottom for this bear market. Perhaps the ultimate sign of a bottom might be the cheers coming from those who have been
BTC is definitely closer to the bottom than the top as bears celebrate Read More »
Traders on the prediction market Polymarket have doubled the implied odds of the second coming of Jesus Christ before the end of the year, making one of the platform’s foreign contracts a better performer than bitcoin. The market, titled “Will Jesus Return in 2026,” traded around 4 cents on Friday, implying a roughly 4% chance.
Bitcoin has underperformed a bet tracking the chance of Jesus Christ returning this year Read More »
Block Inc. (XYZ), the payments company run by Jack Dorsey, may reduce its workforce by as much as 10%, Bloomberg reported, citing people familiar with the matter. Hundreds of employees at bitcoin BTC$71,423.65-supporting owners of Cash App and Square have been told their jobs are at risk, Bloomberg said. The reviews are part of a
Block (XYZ) weighs cutting up to 10% of jobs: Bloomberg Read More »
As February began, bitcoin was trading around $80,000, with whales dipping their toes in as retail investors raced for the exits. Just a week later, bitcoin fell to $60,000 on February 5, and the market is now showing a broad shift toward accumulation across nearly all cohorts as investors begin to see value. This change
BTC is seeing accumulation across all cohorts, according to Glassnode Read More »
Bitcoin’s sharp decline – nearly 50% from its record highs reached just months ago – has reignited debate over the cryptocurrency’s stability, but hedge fund veteran Gary Bode says the selloff is a feature of the asset’s inherent volatility rather than a sign of a wider crisis. In a post on X, Bode noted that
BTC’s downside volatility is a feature, not a crisis, hedge funders say Read More »
We are moving towards an economic system where software and devices trade with each other without human involvement. Instead of simply carrying out transactions, machines will be able to make decisions, coordinate with each other and buy what they need in real time. Sensors and satellites will sell data streams after another. Factories will price
Why machine-to-machine payments are the new electricity for the digital age Read More »
