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 4261.62, up 1.0% (+40.35) since 4 p.m. ET on Thursday.Twelve of 20 assets are trading higher.Leaders: AVAX (+3.4%) and ADA (+3.4%).Laggards: ICP (-1.0%) and LINK (-0.7%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

By James Van Straten (All times ET unless indicated otherwise)Bitcoin's (BTC) flirt with a record high $124,000 on Thursday was followed by a drop that led to it closing last weekend's CME gap at $117,600 after hotter-than-expected PPI inflation data and Treasury Secretary Scott Bessent’s apparent flip-flop on bitcoin purchases for a strategic reserve.The gap occurs because CME hours for BTC futures don't match bitcoin's 24/7 trading. When the futures market is closed over the weekend, bitcoin's movements can create a discontinuity in prices on the CME chart. While filling the gap is a recurring pattern in market behavior, there's not guarantee it will take place.Bitcoin has now set four all-time highs in 2025. Importantly, the magnitude of pullbacks following...

Disclaimer: The analyst who wrote this article owns shares in Strategy.Bitcoin’s risk-adjusted performance continues to stand out, with a Sharpe ratio of 2.15, the highest among major assets. This means that, relative to its volatility, bitcoin has delivered exceptional returns over the historical period. Strategy (MSTR), which maintains significant bitcoin exposure through corporate holdings, follows closely with a Sharpe ratio of 2.00, reflecting similarly strong performance. A Sharpe ratio of 2 means an asset has delivered twice the excess return over the risk-free rate for every unit of volatility taken, which is considered excellent in risk-adjusted performance terms.For context, several large-cap tech names are clustered around a Sharpe ratio of 1.0. The data is current as of Aug. 14, for...

Circle (CRCL) plans to offer 10 million shares in a secondary stock sale priced at $130 per share, more than four times to price of its initial public offering in June.The stablecoin issuer behind the USDC token is itself offering 2 million shares of Class A common stock, it said in a Tuesday filing with the U.S. Securities and Exchange Commission (SEC). Existing shareholders putting up the other 8 million. The company will use the proceeds from the sale of its shares for general corporate purposes. It won't receive any proceeds from the shareholders' sale.The shares debuted on the New York Stock Exchange in early June after being priced at $31. They soared on trading, rising as much as 235%...

Hong Kong’s securities watchdog rolled out new custody requirements for licensed crypto exchanges, reinforcing its pledge to protect client assets as the city advances its bid to become Asia’s digital asset hub.In a circular issued Friday, the Securities and Futures Commission (SFC) set minimum standards for licensed virtual asset trading platforms (VATPs) covering senior management responsibility, cold wallet operations, the use of third-party wallet solutions and real-time threat monitoring.The move comes after the regulator’s targeted review earlier this year found “inadequacies” in some current exchanges' cybersecurity and custody controls. The guidelines also form the basis of expectations for virtual asset custodians more broadly. By coupling product expansion with hard rules on asset protection, Hong Kong is looking to differentiate itself...