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 2786.55, down 0.4% (-11.45) since 4 p.m. ET on Thursday.Four of 20 assets are trading higher.Leaders: BCH (+1.8%) and BTC (+0.4%).Laggards: SUI (-5.9%) and AVAX (-2.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Tether, the company behind the $148 billion stablecoin USDT, plans to launch its U.S.-focused stablecoin later this year or early 2026 depending on the nation's stablecoin legislation, CEO Paolo Ardoino told CNBC in an interview."Realistically, it depends on the timeline of the final legislation on stablecoins, but we are looking at by the end of this year or early next year at the fastest,” he said.Ardoino said that the firm's flagship USDT token is catered towards users in emerging markets with limited access to U.S. dollars, and the new offering would be a different product."In the U.S., you have to create a payment product, something that could be used by institutions, something that can be used as a competitor...

A bitcoin (BTC) breakout earlier this week has traders eyeing the $100,000 level in the coming days, a euphoric trade that could be short-lived as May’s seasonality approaches.“Historically, the next couple of months have been weak for financial markets, with many investors abiding by the Sell in May and Walk Away adage,” Jeff Mei, COO at BTSE, told CoinDesk in a Telegram message.“That being said, markets have significantly underperformed over the last few months, but this year could buck the trend, with Bitcoin hitting $97K and other growth stocks coming back over the last few weeks. This past week's weak GDP numbers coming out of the US indicate some risk, as another report of negative GDP growth next quarter would...

The U.K.'s Financial Conduct Authority (FCA) is seeking views on intermediaries, staking, lending, borrowing, and decentralised finance (DeFi), in a discussion paper released on Friday.The discussion paper follows draft legislation by the Treasury that was announced on Tuesday. Once the legislation passes it will bring specific crypto activities within the FCA’s regulation, the regulator said on its website."Crypto is a growing industry. Currently largely unregulated, we want to create a crypto regime that gives firms the clarity they need to safely innovate, while delivering appropriate levels of market integrity and consumer protection," said David Geale, executive director of payments and digital finance at the FCA.Source link

Tokyo-based Metaplanet (3350) has issued 3.6 billion yen (around $24.8 million) in bonds to fund additional purchases of bitcoin (BTC) after the Japanese hotel firm’s holdings surpassed 5,000 BTC.According to a notice from the company, the newly issued bonds were sold entirely to EVO FUND. The bonds carry no interest and will be redeemed at par value on October 31, 2025, unless repaid earlier at the bondholder’s request.The funds are earmarked specifically for BTC acquisition, in line with the plan disclosed earlier this year when Metaplanet detailed a series of stock acquisition rights.The company expects to fund the bond's redemption through capital raised via the exercise of its stock acquisition rights, meaning the ultimate payback may rely on investor appetite...