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 2309.92, up 2.5% (+55.35) since 4 p.m. ET on Monday.Nineteen of the 20 assets are trading higher.Leaders: HBAR (+8.6%) and APT (+5.6%).Laggards: FIL (+0.0%) and AAVE (+1.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Ripple has agreed to acquire multi-asset prime brokerage firm Hidden Road for $1.25 billion, marking one of the largest M&A deals in the digital asset industry to date.CoinDesk reported that Hidden Road was in active takeover talks last week. Hidden Road clears over $3 trillion annually across foreign exchange, derivatives, digital assets, and fixed income markets, with more than 300 institutional clients, according to a press release announcing the deal.The announcement didn't specify the funding terms of the deal.“With the U.S. market finally opening up and digital assets maturing for institutional adoption, this is an inflection point,” Ripple CEO Brad Garlinghouse said in a statement. “We are accelerating our expansion, leveraging XRP and our broader solutions to bring traditional finance...

Tezos-based crypto payment hub Lyzi said it raised 1.3 million euros ($1.4 million) in a seed funding round to expand the development of its platform.The round included participation from angels investors Christopher Grilhault des Fontaines, founder of Dfns, and Jean-Luc Bernard, founder of Astek, according to an emailed announcement shared with CoinDesk on Tuesday.Lyzi, which is built on the Tezos layer-1 blockchain, allows consumers to use cryptocurrency to make everyday payments in retail and e-commerce environments. Merchants collect payments in cryptocurrency and receive fiat directly to their bank accounts.Following the seed raise, Lyzi's next step is launch on Tezos' layer-2, Etherlink, which is compatible with Ethereum Virtual Machine (EVM), the operating system of the world's second-largest blockchain. “Our goal is...

By James Van Straten (All times ET unless indicated otherwise) One thing markets despise is uncertainty, and right now it's coming from all corners of the globe, largely fueled by Trump’s tariffs.Markets rebounded somewhat on Tuesday following Monday’s bloodbath in Asia and Europe, but it was more of a relief rally than a true recovery. At the heart of the conflict are the U.S. and China, both refusing to be the first to blink — even if it means prolonged uncertainty and pain for global markets.As markets took a breather from the turmoil, crypto skeptics were quick to point out how bitcoin’s (BTC) safe haven narrative — bolstered by its resilience late last week — quickly unraveled on Monday when the...

Monday’s trading session will go down as one of the most volatile since the COVID crash in March 2020, with global markets caught in the crossfire as the U.S. and China face off over tariffs and neither superpower shows any impulse to back down. As equity markets teetered, the volatility spilled into every asset class. Bitcoin (BTC), for example, swung as much as 10% intraday. The real focus, however, is on the U.S. 10-year Treasury yield. That's the so-called risk-free interest rate, which the Trump administration said it wants to lower as it looks to refinance trillions in national debt.The yield dropped to 3.9% from 4.8% late last week after President Donald Trump bolstered trade tensions with sweeping import tariffs,...