Coindesk

Cryptocurrencies extended a sell-off on Monday as risk assets including equities tanked during the early U.S. hours.Following a bounce to around $84,000 earlier in the day, perhaps buoyed by Strategy's $21 billion fundraising plan, bitcoin (BTC) slid below $80,000, down 3.8% over 24 hours. The Ethereum blockchain's ether (ETH) briefly slipped below $2,000, to trade near its weakest price since November 2023, down around 4%.The broad-market CoinDesk 20 Index fell 5%, with Solana's SOL, Cardano's ADA and Aptos' APT, Avalanche's AVAX and NEAR losing between 7% and 10%.The ugly action in crypto markets came as the already-battered U.S. equity indexes opened the week sharply lower, weighing on sentiment. The Nasdaq tumbled over 3% in the early hours of the session,...

Blockchain firm Movement's public mainnet is set to launch in beta, continuing the progress toward deploying Movement Virtual Machine (MoveVM) on Ethereum.The mainnet will roll out Monday with over $233 million worth of BTC, ETH, and native assets, MOVE, in liquidity raised through Movement's Cornucopia program.Read more: Movement Labs Unveils Developer Mainnet Ahead of February's Public LaunchMovement's mainnet will allow smart contract deployment and allows anyone to build on and use the network for the first time, the Movement Network Foundation announced via email on Monday.Move was developed by Facebook as part of its plans to develop its own digital currency, which was abandoned in early 2022. The technology was subsequently used to create layer-1 networks Sui and Aptos, as...

President Trump's executive order calling for the formation of a strategic bitcoin (BTC) reserve and a crypto stockpile is a "pivotal moment" for the industry, investment bank KBW said in a research report Friday.The President directed his administration to establish a Bitcoin Strategic Reserve to hold the assets that have been seized by the government. He also called for a stockpile of other types of digital assets.KBW noted that the "world's largest superpower has embraced several leading blockchain protocols."Bitcoin is the real winner here, as it is being exclusively treated as a reserve asset, the report said. No bitcoin will be sold and the government is also looking at options to buy more of the cryptocurrency.KBW estimates that the government...

Web3 wasn’t designed for humans at scale; it was built for machines. Its complexity has limited its adoption, but the “Post Web” stack is taking shape with AI agents emerging as autonomous economic actors.Smart contracts, decentralized networks, and verifiable computation will remain. But now they are being optimized for AI-driven execution, coordination, and intent-based automation.The question isn’t whether it’s happening but how fast we need to adapt.For the past decade, we have been beta-testing decentralized systems and applications. While millions of people engage with blockchain networks, DeFi protocols, and decentralized applications (dApps), the reality is that Web3 remains vastly underutilized.Despite approximately 10% of the world allegedly owning crypto, only a fraction of these holders actively use decentralized applications as a...

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 2658.12, down 7.2% (-205.91) since Friday at 4 p.m. ET.None of the 20 assets are trading higher.Leaders: ETH (-2.2%) and AAVE (-3.0%).Laggards: LINK (-14.3%) and NEAR (-12.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link