Coindesk

Wisconsin’s investment board saw fit to significantly add to its bitcoin (BTC) bet in the last three months of the year.The State of Wisconsin Investment Board (SWIB) disclosed ownership of just over 6 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) as of the Dec. 31, per a 13F filing on Friday, up from roughly 2.9 million shares three months prior.The position was valued at $321 million as of year-end and would be worth about $588 million at bitcoin's current price near $98,000.The fund in 2024 became the first of its kind to report a bitcoin ETF purchase, initially buying 94,562 shares of IBIT and some shares of Grayscale's Bitcoin Trust (GBTC), which it later sold. The State of Michigan...

Justin Sun wishes he could travel more. But there’s too much to do."There are too many exciting things happening in crypto every week," he said in a December interview with CoinDesk at home in Hong Kong. "I don't really take vacation time. It's hard to get away for a week."If Sun did take an extended vacation, it'd probably be to Mars, he said. But only for a two-way trip."I think the only thing may change my mind on crypto is Mars exploration," he said.TRON’s founder says crypto trading would be tough on the red planet as its distance from Earth means a significant lag time."I'm not going to die on Mars.”But, it wouldn't be as bad as trading on...

Bitcoin (BTC) managed to put in a modest rally early in the U.S. trading session on Friday, but the move was quickly snuffed out. Are bulls lightening up positions ahead of the weekend?They could be forgiven for doing so.In his Friday note, Standard Chartered's Geoff Kendrick said bitcoin's price has now declined for five consecutive weekends (measured from 5 pm ET Friday to the same time on Sunday).Among the scares during that timeframe were the DeepSeek AI news and Trump tariff threats."This is not normal," reminded Kendrick, noting that weekend price action for all of 2024 tended to be rather muted, with Mondays and Fridays instead being the time to pay attention for big moves.Failed rally on FridayTurning to the...

Leading stablecoin issuer Tether announced earlier today it has invested in Italian football club Juventus FC, leading to a massive price rise not only for the club’s crypto fan token JUV, but also for other crypto fan tokens.The price of Juventus Fan Token surged more than 200% before seeing a correction that brought the gain back to about 120% over the past 24 hours.The announcement moved the prices of several other fan tokens, with the S.S Lazio Fan token (LAZIO) jumping 11%. Similarly, the FC Porto fan token (PORTO) is up more than 10% for the day.The Tottenham Hotspur fan token, the Paris Saint-Germain fan token, and the Napoli fan token — all tokens associated with European soccer clubs —...

The Securities and Exchanges Commission (SEC) has set itself a deadline for a decision on whether it will allow an exchange-traded fund (ETF) tracking the price of XRP (XRP).The SEC acknowledged a 19b-4 filing by the New York Stock Exchange (NYSE) and asset manager Grayscale, which is the first time it has responded to a filing regarding the crypto asset. This means that the Commission now has up to 240 days to make a decision on the filing.While the regulator has previously acknowledged several other applications for crypto-focused ETFs, including for Solana (SOL), Litecoin (LTC) and Dogecoin (DOGE), this latest acknowledgement is is significant given that the SEC’s ongoing lawsuit against Ripple, the issuer of XRP.The SEC sued Ripple in...