Coindesk

Move over dogecoin. The new memecoin making waves in tech Twitter’s inner sanctum isn’t just about fun; it’s about mindset.MOG Coin, a popular token offered on Ethereum and Base, is trying to bring in a cultural shift as “mog/acc” — a mashup of mogging (a slang for being better, stronger, faster) and accelerationism (speeding up technological change at all costs).Techno-optimists are quickly putting on Pit Vipers, a flashy sunglass brand, as their X account display, which is leading to mindshare of the mog token outside of crypto circles.Influential X accounts from Y Combinator founder Garry Tan to owner Elon Musk have all joined the mog/acc train, changing their displays to one wearing a Pit Viper. MOG prices are up more...

The price of gold has surged almost 29% this year, solidly beating the 3.8% gain in bitcoin (BTC). Even so, that's failed to deter investors eager to add the largest cryptocurrency to their portfolios.BlackRock's spot bitcoin ETF (IBIT) has attracted a net $6.96 billion in inflows since the start of the year, the sixth-largest amount of all exchange-traded funds, according to data from Bloomberg's senior ETF analyst, Eric Balchunas. SPDR Gold Trust (GLD), the world's largest physically backed gold ETF, slipped to the number seven position Monday with net inflows of $6.5 billion.IBIT's outperformance indicates institutions' persistent confidence in bitcoin's long-term prospects despite the relatively dour price performance. Gold has climbed $3,384, largely due to wrangles over international trade,...

Bitcoin surged above $97,000 late Tuesday, then slid to $96,500 in Asian hours Wednesday as India conducted airstrikes in parts of Pakistan to intensify tensions from the past few weeks.A planned meeting to discuss U.S. and China tariffs sent risk assets higher in the hours since the U.S. stock market closed on Wednesday, as reported, but those gains reversed as news of India’s “Operation Sindoor” emerged in the early hours.Traders expect to see more volatility in the days ahead as the regional tussles further damage risk-taking sentiment among traders, though eventually leading to a move higher as bitcoin is perceived as a hedge.“Volatility in the markets is soaring as bitcoin surges to $97K from the intensifying conflict between India and...

Movement Labs, the development firm of the Movement network, has officially cut ties with co-founder Rushi Manche following controversy surrounding undisclosed MOVE token deals.The announcement came via the company’s X account early Tuesday, stating that “Movement Labs has terminated Rushi Manche’s employment and all affiliations with the company effective immediately.” It has yet to name a replacement or outline next steps for governance restructuring.The decision follows a CoinDesk report that first revealed secret agreements between Movement-linked entities and market makers during the project’s token launch.CoinDesk reported the existence of shadow advisors, hidden payment flows, and undisclosed token allocations surrounding MOVE’s debut. Manche was directly tied to those arrangements, according to internal documents and investor correspondence reviewed by CoinDesk.Manche was initially...

It's the Fed day again, and traders are seeking cues on how much volatility this key event might spark. According to Volmex's implied volatility indices, major tokens could see price swings, but nothing out of the ordinary is anticipated.According to data source TradingView, Volmex's annualized one-day bitcoin implied volatility index (BVIV) stood at 49% as of writing, which equates to an expected 24-hour price swing of 2.56%. In other words, bitcoin could swing by $2,470 in either direction. As of writing, bitcoin changed hands at around $96,500.The expected daily volatility in percentage terms is determined by dividing the annualized percentage by the square root of 365, as the digital assets market is open 24/7. In traditional markets, conversion from annualized...