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 3245.42, up 1.3% (+40.73) since 4 p.m. ET on Wednesday.18 of 20 assets are trading higher.Leaders: NEAR (+4.9%) and FIL (+4.6%).Laggards: LTC (-5.9%) and UNI (-3.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Decentralized derivatives exchange SynFutures has introduced Synthia, an AI trading agent that allows traders to swap or transfer assets using natural language commands.SynFutures is the largest DEX on Coinbase's layer-2 network Base with 24 hour volume hitting $220 million and liquidity at $768 million.The AI agent will be rolled out in three phases, the first of which will include integration on social media platform X and the ability to respond to basic commands like "swap 100 USDC for ETH." The second phase will allow traders and developers to deploy AI agents to specific needs including futures trading and liquidity management.The third and final phase is the introduction of a "meta agent" which is capable of creating and managing multiple agents...

Qualified cryptocurrency custodian BitGo and Copper, the firm behind the ClearLoop settlement system, are providing off-exchange settlement for traders using options exchange Deribit, the firms said on Thursday.Clients of BitGo and Copper can now trade spot and derivatives on Deribit while assets are secured off-exchange in qualified custody with BitGo Trust, and automatically settled leveraging Copper ClearLoop and the Go Network, according to a press release.In a post-FTX world traders are looking to reduce the risks associated with leaving assets on exchanges where possible. BitGo and Copper announced a partnership two years ago to trade on exchanges while assets are held within a regulated custody ring-fenced environment.A simple function of the combined BitGo and Copper ClearLoop networks is delivery versus...

Nigeria's Federal Inland Revenue Service (FIRS) is suing Binance for $79.5 billion in economic losses as well as $2 billion plus interest in back taxes, the exchange said in its blog. This is a leap from the initial $10 billion figure that Nigeria's government sought after alleging that the exchange had enabled $26 billion of untraceable funds to leave the country as it faced a foreign exchange crisis and was looking to restrict capital outflows last year. "FIRS argued that Binance has a significant economic presence in Nigeria but has not fulfilled its tax obligations," Binance said in a blog post on Thursday. "The agency emphasized that manipulation on the Binance platform has contributed to the rapid depreciation of...

Cryptocurrency options exchange Deribit is still talking to Kraken for a potential acquisition, contrary to reports that the U.S. exchange had walked away from a potential deal to buy Deribit, a person familiar with the matter said.Recent reports also confirmed the crypto options platform was working with FT Partners to assess takeover bids, but Deribit CEO Luuk Strijers ruled out a takeover situation. The firm could be valued at $4 billion- $5 billion or even more, according to Bloomberg.A second source said listed U.S. exchange Coinbase (COIN) has also been kicking the tires of Deribit.Deribit is an appealing takeover target because it’s the overwhelming market-leading exchange for digital asset options trading, which Kraken would be looking to add to its...