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 3237.73, up 0.8% (+26.27) since 4 p.m. ET on Monday.Fifteen of 20 assets are trading higher.Leaders: ADA (+13.6%) and LTC (+6.5%).Laggards: APT (-3.5%) and AAVE (-1.1%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Layer-1 blockchain TON said it is linking up with interoperability protocol LayerZero to allow users to move funds between multiple ecosystems in a relationship that will generate increased usage and fees for both parties.TON will initially be connected to 12 blockchains including Ethereum, Tron and Solana. Users will be able to transfer stablecoins to TON using Stargate, the largest crypto bridge. Stargate handled $1.6 billion in volume over the past month, according to DefiLlama.Users will also benefit from LayerZero's multichain liquidity, which allows funds locked in different blockchains to be pooled to reduce the chance of slippage — a change in price between initiating and ending a transaction — or outright failure.Liquidity is key decentralized finance (DeFi). There is some...

KULR Technology Group (KULR) has expanded its bitcoin (BTC) holdings to 610.3 BTC.The firm increased its total bitcoin stash to approximately $60 million after buying an additional $10 million worth at an average price of $103,905 per bitcoin, according to the announcement.This move aligns with the company’s bitcoin treasury strategy, announced in December 2024, where up to 90% of its surplus cash reserves are allocated to bitcoin.The company reported a BTC Yield of 167.3% year-to-date, using surplus cash and its at-the-market (ATM) equity program to fund acquisitions. BTC Yield is a key performance indicator (KPI) used to measure the percentage change in KULR’s Bitcoin holdings relative to its fully diluted shares outstanding. Shares of KULR were down nearly 2% in...

The U.S. Securities and Exchange Commission (SEC), Binance and its former CEO Changpeng Zhao (CZ) filed a motion to stay their case for 60 days - to make way for an early resolution and to save resources according to a court filing by a U.S. court on Monday.The ongoing case started in 2023. The SEC sued Binance and BAM Management,the operating company for Binance U.S. and CZ for allegedly violating securities laws.The newly launched Crypto Task Force could help " facilitate the potential resolution of this case," the court filing said. It was set up on January 21 by the new SEC Acting Chairman Mark T. Uyeda with the objective of helping the SEC develop a regulatory framework for crypto.“We...

A spokesperson for Invest Hong Kong, the territory's government agency that facilitates foreign investments, has confirmed that crypto including ether (ETH) and bitcoin (BTC) can be used as proof of assets when applying for its New Capital Investment Entrant Scheme visa.The visa requires applicants to must prove ownership of net assets worth at least HK$30 million ($3.8 million) over a specified period. There are no specific asset type requirements, the spokesperson said in an email, but a chartered public accountant must sign off on a valuation report.One accountant in Hong Kong has shared success stories on social media of bitcoin and ether being used as a proof of asset for the program.Once the visa is approved, the applicant must invest...