Coindesk

Caroline Pham, who is running the U.S. Commodity Futures Trading Commission on an acting basis, is pursuing a stablecoin-backed tokenization pilot program, and an upcoming summit will include the heads of Coinbase, Ripple, Circle, Crypto.com and other digital assets firms.Pham had suggested the idea for a so-called regulatory sandbox on tokenization through her advisory committee, the Global Markets Advisory Committee, in the past but that hadn't been embraced by the agency's previous leadership.“I’m excited to announce this groundbreaking initiative for U.S. digital asset markets,” Acting Chairman Pham said in a statement on Friday. “I look forward to engaging with market participants to deliver on the Trump Administration’s promise of ensuring that America leads the way on economic opportunity.”The idea, based...

Ether's (ETH) price action is mirroring a pattern seen during the early August bottom, hinting at a renewed bull run ahead.Ether has faced a steep decline of 32%, dropping to $2,770 since mid-December and has lagged significantly behind its larger rival, bitcoin (BTC). The volatility reached new heights on Monday when prices plummeted to nearly $2,000 on several exchanges, only to rebound to $2,700 on the same day, the biggest one-day swing since September 2021 .The dramatic two-way price action resulted in a surge in trading volumes on platforms like Coinbase (COIN) and Bitstamp, hitting levels not seen since August.The spike in volume means selling pressure likely peaked at the beginning of the week, leaving fewer potential sellers in the...

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 3233.37, up 2.6% (+83.05) since 4 p.m. ET on Thursday.All 20 assets are trading higher.Leaders: LTC (+4.9%) and DOT (+4.8%). Laggards: BTC (+1.6%) and ETH (+1.8%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Strategy (MSTR), the company formerly known as MicroStrategy, is an appealing investment for equity investors looking for levered bitcoin (BTC) exposure, investment bank KBW said in a research report Thursday.KBW assumed coverage of Strategy with an outperform rating and a $560 price target. The shares were 1% higher at around $329 in early trading.Once Strategy, the company co-founded by Michael Saylor, adopts the Financial Accounting Standards Board (FASB) updated accounting treatment for bitcoin holdings in the first quarter of this year, it will shift from an "outdated measurement approach to fair value accounting, with unrealized gains/losses flowing to net income," analyst Bill Papanastasiou wrote.The company reported an impairment loss of $1 billion for the fourth quarter of 2024 because it did...

Cardano (ADA) and dogecoin (DOGE) were down 4% in the past 24 hours, leading losses among major tokens as traders await U.S. payrolls before further positioning in the market.Bitcoin (BTC) traded just over $97,300 in European morning hours Friday, down 1.7% in the past 24 hours. The broad-based CoinDesk 20 (CD20), a liquid index of the largest tokens by market capitalization, fell 2.3%. “Bitcoin failed to reclaim the $99K resistance level last night, triggering a broad selloff in the market and pushing BTC back to a new daily low of $95.6K,” Singapore-based QCP Capital said in a Telegram broadcast. “With a three-day losing streak, the outlook for crypto remains uncertain.”Ether (ETH) fell 2%, while XRP outperformed BTC with slight declines...