Coindesk

TORONTO — David Goyer, the filmmaker whose credits include the Blade trilogy, The Dark Knight, and Apple TV’s Foundation series, said Friday he is building a new blockchain-based science-fiction universe called Emergence.The world of Emergence, according to Goyer, features spaceships, relic-hunting and white holes — science-fiction staples that will serve as the foundation for a sprawling transmedia project built inside Incention, Goyer's new blockchain platform.In a panel discussion at CoinDesk’s Consensus conference in Toronto, Goyer appeared alongside SY Lee of Story Protocol, the intellectual property-focused blockchain upon which Incention and Emergence are based. There, Goyer laid out his vision for Incention, saying the platform will allow fans to co-create the Emergence universe alongside professional storytellers.“The idea is that we’re going...

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 3238.87, up 1.3% (+41.2) since 4 p.m. ET on Thursday. Nineteen of 20 assets are trading higher.Leaders: AAVE (+7.4%) and ETH (+2.9%). Laggards: XRP (-0.6%) and APT (+0.2%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Ether's ETH rally, though impressive, leaves much to be desired. That's because the unwinding of shorts is said to be fueling the rally, not fresh longs or bullish leveraged bets on the Chicago Mercantile Exchange (CME)."The rally is primarily the result of short covering – traders unwinding bearish positions – rather than a surge of bullish conviction," Sui Chung, CEO of crypto index provider CF Benchmarks, told CoinDesk. CME's derivatives, preferred by institutions, track the CF Benchmarks' Bitcoin Reference Rate – New York (BRRNY) variant.When bears cover their shorts, it means they are buying back futures contracts initially sold. This action of short covering temporarily boosts demand in the market, putting upward pressure on prices.Chung pointed to the still-low CME futures...

By Omkar Godbole (All times ET unless indicated otherwise)The global crypto corporate-adoption narrative is thriving even as bitcoin and the wider crypto market take a bull breather, potentially establishing a base for a new high.Méliuz, a publicly listed Brazilian fintech firm, announced Thursday the purchase of 274.52 BTC. It now holds 320.2 BTC worth over $33.3 million. On Wednesday, Bahrain-listed A1 Abraaj Restaurants Group disclosed an initial purchase of 5 BTC with plans to scale holdings significantly.Eric Trump, the second-eldest son of President Donald Trump, captured the feeling on day 2 of CoinDesk's Consensus Toronto event: "I'm traveling. I'm on a plane. Everybody in the world is trying to hoard bitcoin right now. Everybody. I hear it from sovereign wealth...

Bitcoin BTC bulls face a $120 million resistance challenge as they look to extend the classic "stair-step" uptrend, or periodic controlled move higher, order book data show.Since April 9, bitcoin has climbed about 38%, advancing from around $75,000 to $104,000 as trade tensions eased and major market participants deployed capital.This rally can be described as a classic stair-step pattern: Initial bullish impulses are followed by periods of consolidation, which set the stage for the next upward move.For example, the initial increase from $75,000 encountered range-bound trading between $83,000 and $85,000. The subsequent step higher faced consolidation between $92,000 and $96,000.Similarly, since May 10, prices have oscillated mainly between $101,000 and $105,000, marking consolidation following the step into six figure territory.From...