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On Friday, China’s central bank took steps to support the yuan, which has been losing ground, and its depreciation was seen as a potential tailwind for bitcoin (BTC). The People’s Bank of China announced that it will stop buying government bonds this month as their demand now outstrips supply. Experts said the move reflects policymakers’ […]

NEW YORK, NY – Terraform Labs co-founder and former CEO Do Kwon’s US criminal fraud trial is tentatively scheduled for next January, giving prosecutors and Kwon’s defense attorneys enough time to review the “massive” six terabytes of data expected to be produced during the discovery process. During a preliminary hearing in Manhattan on Wednesday, Chief

The Bitcoin (BTC) market looks like an iceberg at the moment, with the surface revealing a dominance of sellers drawing an overtly bearish sentiment. But at deeper levels below the surface, bargain hunters are quietly waiting to snap up coins and potentially put a floor under prices. On the major spot and perpetual futures exchanges,

Pakinomist– Bitcoin fell on Friday and was set for steep losses this week as heightened concerns over slower U.S. interest rate cuts and potential government coin sales eroded sentiment toward the crypto. Crypto markets also largely tracked a decline in broader risk-driven markets as traders turned to safe havens like gold and the dollar amid

Bitcoin (BTC) erased all of its early 2025 gains on Wednesday as macro turmoil and the global bond exchange accelerated the selloff in crypto prices. The biggest crypto fell to a session low of $92,600 in US trading hours, down nearly 10% in two days from Monday’s peak above $102,000. It has recovered some of

Already the biggest gainer among major cryptos since November’s US presidential election, Ripple’s XRP fared even more on Wednesday after Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty dined with President-elect Donald Trump. “Great dinner last night … Strong start to 2025,” Garlinghouse wrote on X, along with a photo of him and

Solana is ramping up testing of Firedancer, the long-awaited software upgrade that promises to significantly increase blockchain’s processing speed. By the end of this week, Solana’s core developers want a “supermajority” of the processing power on the chain’s low-stakes test network to be running Frankendancer, an early version of Firedancer, according to messages in Solana’s

Welcome to the protocolCoinDesk’s weekly roundup of the top stories in cryptocurrency technology development. I’m Ben Schiller, CoinDesk’s features and opinion editor. In this issue: HyperLiquid responds to criticism over decentralization StarkWare launches appchains on Starknet Arbitrum deepens ties with South Korea’s Lotte Group Do Kwon’s criminal trial is set for 2026 Pyth Network partners

The FTX bankruptcy estate has contested the recently announced sale of FTX EU to Backpack, the cryptocurrency exchange and wallet company founded by former FTX and Alameda employees. The FTX estate said Backpack “has no involvement whatsoever in the U.S. Bankruptcy Court-approved process for the return of funds to any FTX customers and other creditors,”

Shifting regulatory tides in the US and favorable price action could set XRP up for a 40% move higher in the near term. Since hitting highs near $2.9 in early December, payments-focused cryptocurrency XRP has lost steam to carve out what’s known as a “descending triangle” pattern in technical analysis. It is identified by a