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The builders of Solana-based crypto derivatives exchange Ranger Protocol are also jumping on the AI ​​bandwagon after raising $1.9 million from venture investors. Ranger’s eponymous trading venue aggregates crypto-perps (the most popular investment contract in DeFi for trading tokens like SOL) from multiple protocols to ensure good trades for traders. Since launching in late December, […]

Pakinomist — U.S. Senator Cynthia Lummis of Wyoming has been appointed to chair the Senate Banking Subcommittee on Digital Assets. This announcement indicates her growing role in shaping the country’s policies regarding digital assets, including cryptocurrencies such as . In a recent statement, Lummis expressed its commitment to the development of a comprehensive legal framework

In today’s edition, Alec Beckman of Advantage Blockchain explains stablecoins and their growing use cases for institutions and advisors. Then CK Zheng of ZX Squared Capital shares tips on preparing for tax season in Ask and Expert. -Sarah Morton You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Sign

Dubai, United Arab Emirates, 23 January 2025, Pakinomist Bybit, the world’s second largest cryptocurrency exchange by trading volume, has shared its vision for 2025 during the livestream event: Keynote with Ben: In the Driving Seat to the Moon — Beat the Unknown. Ben Zhou, Co-Founder and CEO, reflected on Bybit’s journey in 2024, emphasizing the

With payments firm Stripe’s recent $1.1 billion purchase of stablecoin platform Bridge.xyz sending shockwaves through the crypto-payments sphere, attention is turning to the next generation of stablecoin payment infrastructure providers. Among them is BlindPay, a 2024 Consensus hackathon winner and Y Combinator 2025 (W25) batch company taking a distinct approach to the challenge of global

Pakinomist — Bitwise, a cryptocurrency asset manager, recently filed an application with Delaware’s Department of State: Division of Corporations seeking to register a Dogecoin-based exchange-traded fund (ETF). a digital currency widely recognized as the leading memecoin boasts a market cap close to $52 billion. Memecoins have gained increased attention recently, following the successful introduction and

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 3809.52, down 4.3% (-172.06) since 4 PM ET Wednesday. One in 20 assets are trading higher. Leaders: ETC (+2.1%) and ETH (-1.4%). Lagging behind: SOL (-8.8%) and AVAX (-5.7%).

Pakinomist — Needham & Co. said its proprietary ‘Crypto Euphoria Needham Diagram’ (CEND) reached its highest levels since inception, indicating that market sentiment for cryptocurrencies is “very high right now” and approaching “extreme euphoria.” The CEND index, which tracks various metrics related to the crypto market cycle, registered a value of 64 this week, a

Animecoin, the governance token linked to the non-fungible token (NFT) project Azuki, has debuted at a fully diluted value (FDV) of $1.2 billion with tokens trading at $0.12 on HyperLiquid. The total supply of the token is set at 10 billion, and holders of the Azuki NFT can claim the airdrop. Users reported that the

By Omkar Godbole (All times ET unless otherwise noted) Bitcoin and most major cryptocurrencies are weaker after the Chicago Mercantile Exchange, a proxy for institutional activity, rejected reports of listing futures linked to XRP and SOL. Traditional markets are also holding their breath for the expected rate hike from the Bank of Japan on Friday.