Coindesk

The "Minsky Moment" is here, according to Mike Novogratz, CEO of Galaxy Digital, in a recent interview on CNBC. Novogratz noted that tariffs are playing a key role in reshaping the global security apparatus, while President Trump’s return to the political scene is introducing fresh uncertainty into the markets. Although equities are down roughly 10% year-to-date, Novogratz believes that’s insufficient given the scale of the global economic shifts underway. “We’re clearly in a risk-off environment,” Novogratz said.Novogratz explained that bitcoin (BTC) typically performs well amid macroeconomic uncertainty unless risk appetite completely evaporates. He outlined two major narratives driving bitcoin: the macro story, reflected in gold's recent rally, capital flowing out of the U.S. dollar into perceived safe havens; and the...

Auradine, a maker of computing equipment for bitcoin (BTC) mining and AI applications, said it raised $153 million in a Series C funding round.The Silicon Valley, California-based company also formed a new business group, AuraLinks AI, focused on open-standards to address cooling requirements of next-generation AI data centers.AI data centers and BTC mining share similarities in their operational requirements. Given the proliferation of AI in mainstream use in recent years, the subject of data centers is now commonplace in public discourse. This is significant for the cryptocurrency industry because most things that relate to AI data centers could also be applied to bitcoin mining."Our dual focus on Bitcoin and AI infrastructure places Auradine at the intersection of pivotal technologies that will...

Wednesday’s price action between bitcoin (BTC) and U.S. equities caught investors’ attention highlighting early signs of a fading correlation between the two. In a typical diversified portfolio, assets are expected to show little to no correlation. For example, gold has continued to hit all-time highs, setting 12 new daily records this year, demonstrating a clear dislocation from U.S. equities.While bitcoin has often been labeled a leveraged play on the Nasdaq 100, recent trend suggest that relationship may be weakening.Take BlackRock’s iShares Bitcoin Trust (IBIT), which trades only during regular U.S. market hours. On Wednesday, it closed up 0.46%, even as the Nasdaq 100 plunged more than 3% , down as much as 4.5% at one point, which would’ve marked its...

Project Eleven, a quantum computing research and advocacy firm, has launched the Q-Day Prize, a global competition offering 1 bitcoin (BTC) to the first team able to break an elliptic curve cryptographic (ECC) key, the cryptography which secures the Bitcoin network, using Shor’s algorithm on a quantum computer.Shor's algorithm is a quantum computing method that efficiently factors large numbers into their prime components, theoretically allowing quantum computers to break cryptographic algorithms like RSA and elliptic-curve cryptography used in Bitcoin and other blockchain networks.The contest comes as quantum computing advancements mean that a workable quantum computer might only be years away. Project Elevent has also identified more than 10 million bitcoin addresses with non-zero balances potentially at risk of quantum attacks.The...

Crypto markets steadily rose in Asian morning hours Thursday after a sell-off the night before as Fed chair Jerome Powell dashed hopes of early rate cuts as global markets reel from the impact of newly-levied U.S. tariffs.Bitcoin (BTC) added 2% in the past 24 hours, data from CoinGecko shows, touching nearly $84,500. Ether (ETH), XRP, dogecoin (DOGE) and BNB Chain’s BNB added between 1%-3%, with Solana’s SOL leading at 6%.Down the pecking order, Hyperliquid’s HYPE surged 8.5% to lead gains among midcaps on no immediate catalyst. Celestia’s TIA dumped 4% to lead losses, as selling pressure on tokens with a long unlock schedule is increasing following Mantra DAO’s nosedive earlier this week.Powell mentioned that the Fed needed more time to...