Coindesk

Last week, prices for BlackRock's spot bitcoin (BTC) exchange-traded fund (ETF) declined over 11%, with volumes reaching the highest since mid-November, according to data source TradingView. Over 331 million shares of the ETF, which trades under the IBIT ticker on Nasdaq, changed hands as the fund's price dipped below the January support of $50.69, eventually sliding to $46.07, the lowest since early November.That might be a disappointment development for the bulls. For decades, one of the cardinal rules in the market has been that price movements must be validated by trading volume. It means that a bearish price action is considered to have legs when accompanied by a notable increase in the number of shares or contracts traded on the...

There's a 70% chance that the trade war between Canada and the U.S. will be over by May, according to odds on a Polymarket contract on the topic, as Commerce Secretary Howard Lutnick told Fox Business that U.S. President Donald Trump was open to negotiation.On Tuesday morning, Canada and Mexico faced the implementation of 25% tariffs on all products entering the U.S., with President Trump citing their failure to curb fentanyl trafficking and illegal immigration as a national security threat.But later in the day, Lutnick appeared to offer a potential avenue for negotiation, with odds rising 20% in a few hours on Polymarket.I think going to work something out with them," Lutnick said on Fox Business. "It’s not going...

There's a 70% chance that the trade war between Canada and the U.S. will be over by May, according to odds on a Polymarket contract on the topic, as Commerce Secretary Howard Lutnick told Fox Business that U.S. President Donald Trump was open to negotiation.On Tuesday morning, Canada and Mexico faced the implementation of 25% tariffs on all products entering the U.S., with President Trump citing their failure to curb fentanyl trafficking and illegal immigration as a national security threat.But later in the day, Lutnick appeared to offer a potential avenue for negotiation, with odds rising 20% in a few hours on Polymarket.I think going to work something out with them," Lutnick said on Fox Business. "It’s not going...

Strong support from many Democrats helped win a victory for a U.S. Senate effort to erase a Biden administration crypto tax rule on Tuesday, clearing what may have been the most difficult hurdle toward eliminating the Internal Revenue Service's new broker rule that was set to include decentralized finance (DeFi).The Senate voted 70-27 to approve a resolution under the authority of the Congressional Review Act to cut out the expansion of the IRS' broker rule as if it never existed. But the House of Representatives will still have to follow with a matching approval, after which President Donald Trump can sign it into law.At that point, not only is the rule stricken from the books, but the IRS is blocked...

David Sacks, President Donald Trump’s crypto and artificial intelligence czar, came under fire this week following allegations that he could financially benefit from Trump’s announcement of a U.S. strategic crypto reserve.The initiative, which Trump shared details about on Sunday, would involve the government holding a reserve of digital assets, including Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), and Solana (SOL). Critics raised concerns that individuals within the administration with ties to these assets could stand to gain from the move.Sacks, a venture capitalist with previous crypto investments, quickly became a focal point of the controversy. Over the weekend and into Monday, he responded on X (formerly Twitter), rejecting accusations that he had a financial interest in the policy. He stated...