Coindesk

Dogecoin (DOGE) and parody DOGE tokens showed mixed movements alongside a broader market decline even as Donald Trump officially unveiled a Department of Government Efficiency at his Monday inauguration — bucking a historic tendency of the tokens to move higher on such mentions.“To restore competence and effectiveness to our federal government, my administration will establish the brand-new Department of Government Efficiency,” Trump declared during his speech after the swearing-in.An executive order of the department's establishment was issued shortly thereafter.The department holds no official power to enforce its recommendations and is headed by technocrat Elon Musk. The website started to display a dogecoin token logo on Tuesday, despite having no direct relation to the world’s largest memecoin.DOGE was down as much...

By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin held above $100,000, with VET, ENA, LINK and LDO posting notable gains a day after President Donald Trump bypassed mentioning crypto or a strategic bitcoin reserve in his inauguration speech.Signals from the bitcoin options market indicate heightened expectations for short-term price turbulence alongside signs of growing risk aversion among traders since Trump's swearing in, according to Griffin Ardern, head of options trading and research at crypto financial platform BloFin.That could be due to several reasons, including MicroStrategy's impending shareholder vote today on expanding its authorized shares to support its bitcoin buying strategy. In addition, the Bank of Japan (BOJ) is expected to increase rates on Friday, which may strengthen the yen....

The development arm of Tokenize Xchange has acquired blockchain intelligence platform Coinseeker in a deal valued at $30 million.Titan Lab, the developer of Titan Chain, on which Tokenize runs, plans to incorporate Coinseeker's AI-powered analytics, ratings and other insights into its operations, according to an emailed announcement on Tuesday.Singapore-based Tokenize is a digital asset exchange serving retail and institutional clients with 24-hour trading volume of just over $250 million, according to CoinGecko. Tokenize's native token TKX is trading around 8.2% lower in the last 24 hours at $30.16, CoinDesk data show, underperforming the broader market, which has fallen just over 6%, as measured by the CoinDesk 20 Index (CD20).Read More: Crypto Bank Sygum Gets Unicorn Status With $58M RoundSource...

The institutionalization of crypto markets means that bitcoin (BTC) is no longer considered a niche investment, and increased adoption is forcing hesitant investors to reconsider the asset class, WisdomTree said in a report Monday, which looked at crypto trends for 2025.The investment manager noted that portfolios with allocations to bitcoin are consistently outperforming those that don't hold the world's largest cryptocurrency.Asset managers need to integrate the digital asset into multi-asset portfolios or "risk falling behind in a rapidly evolving financial landscape," wrote analyst Dovile Silenskyte, adding that bitcoin adoption is expected to grow this year as more clients demand exposure to the asset class.The launch of spot exchange-traded funds (ETFs) in the U.S. helped take crypto more mainstream in 2024....

President Donald Trump didn't mention bitcoin (BTC) during his inaugural speech and crypto was absent from his first batch of executive orders, but Polymarket bettors are confident a pardon for Silk Road founder Ross Ulbricht will be coming soon.A Polymarket contract asking who Trump will pardon in his first 100 days in office shot up to 99% after posts on X from Elon Musk, and Angela McArdle, chair of the Libertarian National Committee, said that a pardon for Ulbricht was in the works.Trump first promised to pardon Ulbricht during a campaign stop at the Libertarian National Convention last May.“If you vote for me, on Day 1, I will commute the sentence of Ross Ulbricht to a sentence of time served,”...