Coindesk

After several weeks on a plateau, bitcoin saw some action this week, climbing to more than $95,000 at press time. It was up 12% on the work-week, buoyed by better macro news and a feeling that the worst of tariff-mania may be over. The CoinDesk 20 — which tracks about 80% of crypto market cap — jumped 10%-plus in the last five days.In an interview with CoinDesk’s Sam Reynolds, Coinbase Institutional's John D’Agostino attributed the rally to institutions and sovereign wealth funds accumulating bitcoin. Retail traders, by contrast, were tending to exit bitcoin ETFs, he said.Institutions continued to back bitcoin-accumulation vehicles. On Wednesday, Strike CEO Jack Mallers and Cantor Fitzgerald’s Brandon Lutnick unveiled Twenty One Capital, a new bitcoin investment...

Nasdaq, the operator of one of the premier U.S. stock exchanges and a crypto index, is advising the U.S. regulators to carefully focus on defining digital assets in four buckets that will clearly determine which agency acts as referee, according to a 23-page letter sent to the Securities and Exchange Commission's crypto task force."While a stock by any other word would still be a stock, the existing market ecosystem can readily absorb digital assets by establishing the proper taxonomy and calibrating certain rules to reflect what is truly new and novel about digital assets," the letter argued in response to the invitation issued by the task force's chief, Commissioner Hester Peirce, to weigh in on future regulations.The four future categories...

The team behind the Trump memecoin said Thursday that the top 220 holders on its list, where the smallest wallet holds $420 worth of TRUMP, are eligible to win dinner with President Donald Trump, contrary to rumors that a six-figure token stash was required.“We want to clarify a few things people seem confused by on X and in the Media,” the team’s X account posted. “You need $300K+ to participate (You Don't); That we're unlocking into this competition (We're Not).”TRUMP surged 70% this week, trading at around $12 as of Thursday, mainly driven by hype around the so-called “Dinner with Trump” event, according to CoinDesk’s earlier reporting.Some users on X claimed that only holders with more than $300,000 in tokens...

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 2774.43, up 1.5% (+40.48) since 4 p.m. ET on Thursday.Eighteen of 20 assets are trading higher.Leaders: SUI (+13.7%) and BCH (+7.1%).Laggards: POL (-1.9%) and ADA (-0.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin (BTC) is taking a breather near $94,000, having dropped to $92,000 in the past two days. The cryptocurrency chalked out a bullish breakout above key resistance early this week, shifting focus to the $100,000 level and leaving major altcoins like XRP, ETH, SOL, ADA and DOGE behind.However, smaller coins like STX, SUI, ONDO and GRT put in double-digit gains in the past 24 hours, outperforming both BTC and the wider market: The CoinDesk 20 Index (CD20) has gained about 3%.BTC's $20,000 surge since April 7 has been underpinned by increased on-chain accumulation by whales and significant inflows through spot ETFs, with the 11 U.S.-listed funds amassing almost $1.5 billion in net...