Coindesk

Animoca Brands' most recent year-end financial report shows a shift in the company's focus, with the web3 giant run reporting that its Digital Assets Advisory has edged out its traditional revenue source.The firm's advisory unit generated $165 million in 2024, a 116% year-over-year increase. According to a release, this division provides web3 projects with token advisory, tokenomics, marketing, listing advisory, node operation, and trading services.Animoca said it generated $110 million in bookings from web3 businesses – its traditional territory of gaming and NFTs – while $39 million came from investment gains and venture management fees.This change in its web3 business reflects an approximately 40% year-over-year drop from the $182 million it reported last year.Overall, the company looks to have strengthened...

Technical charts, particularly the shape of candlesticks, often reflect the psychology behind the market, highlighting trader sentiment and behavior. Since Friday, at least two bitcoin (BTC) candles have indicated bullish undercurrents at multi-month lows, providing a glimmer of hope for crypto bulls.The chart below shows that BTC's price decline has stalled at the 200-day simple moving average support level since last Wednesday. Daily candles for Tuesday and Friday are of particular interest, as both have small bodies with long lower wicks, hinting at bear failures below the 200-day SMA.In other words, on both days, sellers initially pushed prices below the key average but failed to establish a foothold there, likely due to buyers stepping in to protect the support level.Such...

At the start of the year, CoinDesk research indicated that the Dollar index (DXY) a measure of the U.S. dollar’s strength against a basket of major trading partners was mirroring its trajectory from Donald Trump’s first term as president.Between September 2024 and January 2025, coinciding with Trump’s re-election, the DXY index climbed from 100 to 110. This current cycle, the index peaked at 110 in mid-January but has since dropped below 105 for the first time since mid-November. If the DXY were to fall to around 103, it would erase all its gains since Trump's victory in November. Typically, a DXY index above 100 is considered strong, which tends to put pressure on risk assets. However, as the index dipped...

Ethereum’s long-awaited Pectra upgrade took a major step forward early Wednesday with its successful deployment on the Sepolia test network.The biggest upgrade to Ethereum since 2024, Pectra consists of 11 major features, or "Ethereum improvement proposals" (EIPs), that will be shipped all at once. Together, the features aim to enhance staking, wallet functionality, and overall network efficiency.Sepolia's Pectra upgrade, which was completed at 07:29:36 UTC, followed a failed test on Ethereum’s Holesky testnet last week. A misconfiguration among validators resulted in a chain split, rendering Holesky temporarily unusable.Testnets mimic a main blockchain and are used by developers to test code changes in a low-stakes environment. Holesky, which has a validator structure closer to Ethereum’s mainnet than Sepolia, was seen as...

Brendan Gunn, the brother of Australian breakdancer Raygun, has been charged by a local court for running a crypto-linked fraud scheme.The Australian Securities and Investments Commission (ASIC) said that Gunn with a criminal offence, which carries a maximum three years imprisonment, a fine of $37,800 or both.Raygun, aka Rachael Gunn, is an Australian breakdancer whose 2024 Olympic appearance garnered widespread social media attention. Although Gunn dropped out of the Olympics, her bizarre performance drew a lot of ire from social media and gave birth to several viral memes.ASIC said that Brendan Gunn carried two blank cheques from three victims, totaling A$181,000 ($113,000) for crypto investment. Gunn was the director of Mormarkets Pty Ltd, which accepted deposits for crypto an overseas...