Coindesk

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 2571.75, down 3.3% (-88.79) since 4 p.m. ET on Monday.None of the 20 assets are trading higher.Leaders: APT (-0.2%) and BCH (-0.7%).Laggards: LTC (-5.6%) and FIL (-5.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

The crypto industry is expected to join the financial mainstream in the U.S. as the regulatory environment improves, and Coinbase (COIN) is well positioned to benefit from these tailwinds, broker Bernstein said in a report Monday.Bernstein initiated coverage of the crypto exchange with an outperform rating and a $310 price target. The shares dropped 2% to $185.20 in early trading.Regulatory clarity will result in more competition for Coinbase from fintech companies, brokers and banks, the report said.Still, a "strong bull market and rising U.S. onshore dominance" is expected to more than offset market share and pricing pressures, analysts led by Gautam Chhugani wrote. An improving regulatory backdrop under Donald Trump's new administration is viewed as a huge tailwind for digital...

Stablecoin protocol Level raised a fresh round of venture capital to expand its $80 million yield-paying stablecoin as yield-generating digital asset offerings are increasingly in demand with a cooldown in crypto prices.Peregrine Exploration, the development firm behind Level, received another $2.6 million led by early backer Dragonfly Capital with Polychain also participating, founders David Lee and Kedian Sun told CoinDesk in an interview. New investors include Flowdesk, Echo syndicates Native Crypto and Feisty Collective by Path, and angel investors Sam Kazemian of Frax and Albert Chon of Injective.The latest round followed a $3.4 million raise in August, bringing total venture capital funding to $6 million to date.Level, with its lvlUSD token, is competing in the fast-growing stablecoin asset class, one...

A contentious proposal in the Cronos ecosystem drew to a close late Monday, with the community voting in favor of the token supply growing from 30 billion CRO to 100 billion CRO over a 10-year vesting period.That, however, happened after weeks of the community leaning against the switch whilst a few CRO whales — or influential users who hold large amounts of a token — stepped up in the last few hours of the vote’s closure to nudge it into favor.Cronos, tied to crypto exchange Crypto.com, earlier in the month proposed reissuing 70 billion CRO tokens it burned in 2021, aiming to restore its original 100 billion token supply for a "Strategic Reserve.”The supposed $5 billion plan (at current $0.08...

Gold has surged to a new all-time high, surpassing $3,025 per ounce to mark an increase of over 15% in since the turn of the year. Meanwhile, bitcoin is lagging (BTC), down 10% year-to-date. Several factors have contributed to gold’s rally, including significant inflows into gold ETFs and its traditional role as a safe-haven asset during geopolitical uncertainty. Additionally, discussions of new tariffs in the U.S. under President Trump have further fueled demand for U.S. equities. Gold’s historic rally has driven its price up 40% year-over-year, far outpacing Bitcoin's 16% gain.Historically, when gold enters a bull market, bitcoin often stagnates or declines. The two assets rarely move in tandem, though there are occasional periods when both rise or fall simultaneously....