Business

Here’s how ‘invisible hands’ likely accelerated bitcoin’s crash to $60,000

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Bitcoin BTC$69,630.63 dipped to nearly $60,000 early this month, wiping out large chunks of value across the crypto market and evaporating some trading assets. Most observers pinned the slide on macro forces, including the capitulation of spot ETF holders (and potential rumors of funds blowing out their positions). Yet another quieter force, one that typically […]

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Here’s why the quantum threat to bitcoin may be less than people fear

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A new report from digital asset manager CoinShares is pushing back on the growing narrative that bitcoin is facing an imminent quantum computing crisis, arguing that only a small fraction of the supply is realistically at risk in a way that could move markets. CoinShares is the fourth largest manager of digital asset exchange-traded products

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Story co-founder defends token unlock delay, says project needs ‘more time’

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Story Protocol co-founder SY Lee defended the project’s decision to push its first major IP token unlock to August 2026 in a recent interview with CoinDesk, saying blockchain needs “more time” to build usage and that near-zero on-chain turnover is “the wrong metric” for an intellectual property and AI data network. The six-month delay keeps

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Tether’s gold holdings top $23 billion as purchases outpace nation states, Jefferies says

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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

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$44B BTC blunder puts South Korea’s regulators on alert

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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

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Japan’s record 56,000 Nikkei surge sends bitcoin to $72,000, gold above $5,000

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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

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Preview politics at Consensus Hong Kong 2026: State of Crypto

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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

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BTC is definitely closer to the bottom than the top as bears celebrate

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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

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Bitcoin has underperformed a bet tracking the chance of Jesus Christ returning this year

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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.

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