Coindesk

Meme coin incubator CoreSky has raised $15 million in Series A funding, to accelerate the development of its platform.The funding, which brings the company’s total backing to $21 million, was led by Tido Capital with participation from WAGMI Ventures, CoPilot Ventures Studio, Web3vision, and Parallel Ventures.CoreSky’s platform enables user voting to gauge public opinion in the early stages of a meme token's development. Meme coins have experienced a significant surge in popularity in the last year, becoming a notable phenomenon in the cryptocurrency market. This rise is attributed to several factors, including high-profile endorsements, political developments, and the increasing influence of internet culture on financial markets.Despite the challenges presented by scams and rug pulls, the enthusiasm for meme coins persists....

It’s the year 2045. Digital assets move at the speed of light. AI agents interact millions of times a second, using bitcoin as a base currency. Bitcoin is now a $200 trillion asset class, a settlement layer for the AI Age of the Internet.This is the future imagined by bitcoin evangelist Michael Saylor, the executive chairman of Strategy (MSTR). Saylor pioneered the bitcoin corporate treasury – turning his flailing software firm into a Nasdaq-listed $85 billion leveraged bitcoin powerhouse.CoinDesk recently sat down with Saylor, Bitcoin’s ultimate maximalist, for a two-hour interview to break down his vision for global bitcoin domination.Since the election of U.S. President Donald Trump, bitcoin has maintained a 26% gain, peaking at a $2.1 trillion market cap,...

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 2780.73, down 0.9% (-23.96) since 4 p.m. ET on Monday.Nine of 20 assets are trading higher.Leaders: AVAX (+4.1%) and ADA (+2.3%).Laggards: BCH (-1.9%) and AAVE (-1.9%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Bitcoin (BTC) options worth billions of dollars will expire on Deribit on Friday. The impending settlement, though big, may not yield significant market volatility, the exchange told CoinDesk.More than 139,000 BTC option contracts, worth $12.13 billion, representing nearly 45% of the total active BTC contracts across all expiries, are due for settlement this Friday, according to data source Deribit metrics. More than 65% of the total open interest is concentrated in call options that provide buyers with an asymmetric bullish exposure, while the rest is in put options offering downside protection.Quarterly expiries of such massive magnitudes are known to breed market volatility, but that may not be the case this time, going by the continued decline in the bitcoin 30-day...

Stocks and crypto trading platform eToro filed to sell shares to the public for the first time on the Nasdaq, marking a renewed push for a listing after a previous attempt stalled in 2021.In a prospectus for the initial public offering (IPO), the Bnei Brak, Israel-based company said revenue more than tripled to $12.6 billion last year. The lion’s share came from cryptocurrency-related revenue, which rose to $12.1 billion last year from $3.4 billion in 2023.Founded in 2007 by Yoni and Ronen Assia, eToro allows users to trade assets including stocks, crypto and commodities, and to copy other traders' portfolios. The company’s IPO plans were revealed earlier this year through reports on a confidential filing with the SEC.Net income jumped...