Coindesk

Just as anabolic steroids are to bodybuilders, fiscal and monetary stimuli have been the lifeline for markets and the economy. Over the decades, nation-states have relied heavily on these fiscal injections to buff up markets and respective economies.Now, to the delight of BTC and risk asset bulls, China, the world's second-largest economy, and European Union's heavyweight Germany have announced fresh fiscal bazookas. That might help calm crypto and traditional market nerves about the negative impact of the Trump administration's plan to reduce spending and the President’s tariffs policies.The National People's Congress opened in Beijing today, targeting 5% GDP growth for 2025 while raising the fiscal deficit target to 4% of GDP, a full 100 basis points higher than the previous...

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 2910.89, up 2.0% (+56.54) since 4 p.m. ET on Tuesday.Eighteen of 20 assets are trading higher.Leaders: BCH (+20.8%) and LINK (+8.6%).Laggards: SUI (-0.3%) and XRP (-0.1%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Foundation Capital, an early backer in Solana and AI chip maker Cerebras, has raised $600 million for its eleventh flagship fund.The fund is 20% larger than its predecessor $500 million fund, which closed around three years ago.Foundation Capital's focus is on early-stage investing, which "means being there at day zero," according to an announcement on Tuesday. As such, 80% of Foundation's investments happen before the company has generated any revenue at all.For example, Foundation Capital first invested in 2016 when AI chip market was still nascent. Cerebras is now a $4.25 billion company and has plans for an initial public offering (IPO) at an unspecified date in the future."Our first AI investment was in 2009, over a decade before ChatGPT...

A multi-day ‘extreme fear’ reading in a widely-followed sentiment index could be indicative of bitcoin prices setting a bottom before moving higher in the coming weeks — with a previously similar setup preceding a 200% rise in BTC.The Fear and Greed Index, which measures investor emotions in markets like bitcoin, ranging from 0 (lowest sentiment) to 100 (highest sentiment), has shown an extended ‘extreme fear’ reading in the past several days as prices whipsawed between the $83,000 and $95,000 levels.The index helps identify whether investors are too scared (potential buying opportunity) or too greedy (possible market correction), tending to act as a contrarian indicator in the short term. It is based on price volatility and momentum, social media sentiment, Google...

Billions in XRP tokens and thousands of bitcoin were sent to exchanges shortly after U.S. President Donald Trump revealed plans to include the assets as part of a U.S. crypto strategic reserve, one that may have contributed to their rapid price reversals after a surge.Hourly inflows reached up to 193 million XRP after Trump’s message with most of the flows coming from whales (or influential holders of any asset) executing transactions of 1 million or more XRP, on-chain analysis firm CryptoQuant said in a Tuesday report.On the other hand, the hourly amount of bitcoin (BTC) flowing into exchanges increased from 500-1,000 to a high of 6,739 BTC a day after the announcement. Meanwhile, ETH inflows into exchanges spiked to almost...