Coindesk

If you plan to disconnect from trading screens this weekend, think twice. Analysis from digital assets trading firm STS Digital suggests that Friday's White House crypto summit could lead to heightened activity.U.S. President Donald Trump, who promised a strategic crypto reserve in the lead-up to the November election, will host top players from the industry, including Coinbase, Chainlink and Exodus.The latest rumor suggests that at the summit, Trump may announce the creation of a strategic bitcoin (BTC) reserve, shifting away from the Sunday disclosure that hinted at the basket of altcoins like XRP, Cardano"s ADA and Solana (SOL) along with BTC and ether (ETH) as the core.The pricing of BTC, ETH and SOL options on Deribit suggests traders are bracing...

The President of Belarus, Aleksandr Lukashenko, raised the possibility yesterday that the Eastern European country could begin mining cryptocurrencies."Look at this mining. More and more people are turning to me. If it is profitable for us, let's do it. We have excess electricity. Let them make this cryptocurrency and so on," Lukashenko told Alexei Kushnarenko, the nation's new minister of energy, according to Belarusian media outlet Belta.The news comes as the U.S. government is studying the possibility of creating a national strategic crypto reserve that could include cryptocurrencies such as bitcoin (BTC), ether (ETH), solana (SOL), ripple (XRP) and cardano (ADA).Lukashenko mentioned the White House's interest in crypto. "You see the path the world is going. And especially the largest...

DoubleZero Foundation, a startup building a “new internet” to improve blockchain performance, raised $28 million at a $400 million valuation, according to three people familiar with the matter, and is now searching for “strategic partners” to invest more at $600 million.Dragonfly and Multicoin Capital lead the initial funding round, two of the people said. The subsequent strategic round hasn’t yet closed, said one insider. Venture capital firms have been jockeying hard for whatever allocation they could get, another said.DoubleZero declined to comment. Nabbing such a lofty valuation in an early round is uncommon but not unheard of for crypto companies pitching transformative systems. For DoubleZero’s part, its vision is to amass a global network of private fiber optic cables, and...

Canary Capital, the digital asset-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, is planning on launching an exchange-traded fund (ETF) tracking the price of Axelar (AXL).The firm submitted an S-1 filing with the Securities and Exchange Commission (SEC) on Wednesday, kicking off the process to launch such a fund. The hedge fund has previously filed paperwork for several other ETFs. Some of these have already been acknowledged by the Commission and await approval."Axelar has one of the best dev teams in blockchain. Most viable protocols work with them on chain interoperability," said Steven McClurg, Chief Executive Officer at Canary Capital. "There is no question that AXL will be a top 20 token by market capitalization as the market...

In the latest whipsaw of headlines this week, Donald Trump's tariff delay Wednesday eased investor worries with bitcoin (BTC) leading the crypto market higher.The U.S. government confirmed to delay tariffs on auto parts coming from Canada and Mexico by one month just one day after enacting them. Germany's plan to ease debt limits for infrastructure spending and China hiking its target deficit also contributed to rebounding risk markets.BTC climbed just above $90,000 on the news, up 3.7% over the past 24 hours. Almost all assets in the broad-market CoinDesk 20 Index advanced, with bitcoin cash (BCH), Chainlink's LINK and Aptos' (APT) booking double-digit gains.Read more: Bitwise Files to Launch Aptos ETFThe tech-focused Nasdaq and the broad-market S&P 500 were also...