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 3248.93, up 0.4% (+14.12) since 4 p.m. on Wednesday.Eleven of 20 assets are trading higher.Leaders: XLM (+1.5%) and LTC (+1.3%).Laggards: APT (-1.0%) and UNI (-0.8%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Earlier this week, Shiba Inu partnered with the UAE's Ministry of Energy and Infrastructure (MoEI) to use its blockchain applications in various public sector services.Such partnerships bolster SHIB's appeal, which sits at a $9 billion market capitalization as of Thursday.MoEI is set to use Shiba Inu's Operating System (ShibOS) — on their layer-2 blockchain Shibarium — to integrate blockchain-based programs and applications into government services to streamline operations, increase transparency, and enhancing security.“Whether it’s reinforcing our net-zero roadmap or modernizing how we manage energy and infrastructure,” Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MoEI said. “Shiba Inu’s decentralized solutions align perfectly with our mission to remain a global innovator.”The MoEI oversees energy, infrastructure, housing, water resources, and...

By Omkar Godbole (All times ET unless indicated otherwise)The past 24 hours have been marked by bullish postings on social media, with notable figures voicing positive outlooks on the cryptocurrency market that have worked their way into prices.Bitcoin has bounced to over $98,000 from $96,900, with President Donald Trump's son Eric encouraging family-linked World Liberty Financial to invest in the largest cryptocurrency.Cardano founder Charles Hoskinson was among those painting an optimistic picture. "To give you a sense of how big the upcoming bull market is for crypto, we just absorbed a downturn that was larger than the collapse of Luna or FTX and have already nearly recovered: 710 billion in losses and 740,000 traders liquidated in 24 hours. 2025 is...

On Wednesday, centralized exchanges registered a net outflow of over 17,000 BTC, worth more than $1.6 billion at the going market price of $98,600, according to Glassnode data shared by Andrew Dragosch, head of research Bitwise. That's the biggest single-day exodus of coins since April 2024. "Whales are buying this dip," Dragosch said on X, referring to the large outflow of coins. Investors typically take direct custody of coins when planning to hold them for the long term. Hence, a large outflow of exchanges is taken to represent bullish sentiment. Note that blockchain data, though widely used to assess market conditions, can be skewed by internal wallet transfers by exchanges.Coinbase alone processed net withdrawals of over 15,000 BTC, per Dragosch....

Layer 1 Berachain will airdrop just under 80 million of its BERA tokens to ecosystem and exchange users as the decentralized finance (DeFi)- focussed network goes live later on Thursday, per a release.The total initial supply of BERA is 500 million tokens, with 48.9% allocated for community engagement, including airdrops, ecosystem development, and research.The airdrop distribution included testnet users, social media participants, and other community members. Token allocations can be viewed on the Berachain airdrop checker as of Thursday morning and can be claimed using various EVM wallets like Metamask and OKX Wallet.“The BERA token distribution includes an airdrop of 15.75% to Berachain community members, applications, liquidity providers and more as recognition of their contributions to an incredibly robust pre-launch...