Coindesk

In another addition to the old Wall Street maxim of "buy the rumor, sell the news," bitcoin (BTC) has headed lower after the U.S. and China announced at least a temporary truce in their trade war.Bitcoin had been pumping higher since bottoming just under $75,000 in the days following President Trump's early April Liberation Day tariff shocker. The price finally again topped $100,000 late last week following an agreement with the UK. China was the gorilla though and BTC nearly reached $106,000 in the early morning hours on Monday after the two countries over the weekend agreed to suspend most tariffs on each other’s goods for 90 days.At press time, bitcoin had pulled back to $101,300, lower by 3% over...

The last time ICON (ICX) was making headlines, it was at the height of the ICO bubble when it was competing with Tron and Filecoin to buy BitTorrent in a high-profile bidding war.ICON, once heralded as the “Korean Ethereum,” peaked early in 2018 but later struggled to retain relevance amid fierce competition and a changing narrative.Now, ICON is back in the news, as it recently announced that it has rebranded to SODAX and is migrating its entire DeFi infrastructure from its own Layer-1 blockchain to Sonic, an EVM-compatible network focused on high-speed, low-cost transactions.Sonic itself is a product of a rebrand, shifting from the name Fantom in 2024.In an interview with CoinDesk, ICON founder Min Kim explained the logic behind...

Leemon Baird first published his work on hashgraph consensus in 2016, positioning it as an alternative to traditional blockchain architectures. With a background in computer science and a career spanning both academia and industry, Baird co-founded Hedera to commercialize the technology.His academic trajectory is notable for his early work in neural networks and reinforcement learning during the 1990s, a period when AI research was navigating what would later be called the "AI winter." Since then, the Hedera project has evolved in a landscape crowded with competing distributed ledger approaches, each claiming technical superiority and targeting different segments of the market.Baird, a speaker at Consensus 2025, transitions easily between technical explanations and business strategy, reflecting the dual challenges of building both...

After the successful deployment last week of Pectra, Ethereum's biggest upgrade in more than a year, the network's core developers are already shifting focus to the next major chain upgrade: Fusaka.Pectra, the biggest code change to Ethereum since the Merge in 2022, introduced key changes aimed at making staking easier for institutions, improving wallet accessibility, and boosting transaction efficiency.Developers have already begun planning for Fusaka, the network’s next upgrade, and have thus far agreed to include an Ethereum Improvement Proposal (EIP) called "PeerDAS" that could help the network support larger "blobs" of transaction data. Blobs, introduced during the Dencun upgrade, are dedicated spaces for large chunks of data related to transactions. They are stored off-chain, which reduces congestion on the...

The bulls are back, and it's not just for bitcoin BTC. Latest data reveals that at least six of the other top 10 tokens by market value, excluding stablecoins, are now trading above their 200-day simple moving averages (SMA).The 200-day SMA is widely seen by many, including Coinbase, as the barometer of long-term trends. A sustained move above the average is considered bullish momentum.As of writing, XRP, BTC, BNB, ADA, TRX, SUI, traded comfortably above their respective 200-day SMAs, signaling a bull market. Meanwhile, ETH, SOL, DOGE and LINK remained below the average, data from TradingView show.That's an improvement from the end of April, when only XRP, BTC and TRX traded above their 200-day SMAS, and four weeks ago, when...