Coindesk

Crypto Twitter has been overrun by sentient, well informed chatbots which reply at the speed of refreshing your browser and can maintain hundreds of simultaneous conversations without missing a beat. To many, the rise of these on-chain agents is a welcome upgrade from human influencers like BitBoy and GCR, who have mixed track records and opaque incentives. These agents, like on-chain analyst AIXBT, have quickly risen to the top of crypto twitter influencer mindshare rankings, given their ability to respond at the speed of the internet and justify opinions with data.Today AIXBT is one of few agents that trades at a nine figure valuation, but as the number of utility-focused agentic launches accelerates next year, many will compare this new...

"Hawk Tuah" girl Hailey Welch said Friday she is "fully cooperating" with lawyers representing people who lost money investing in her crypto token, HAWK, which flopped in early December amid allegations of malfeasance."I take this situation extremely seriously," she said in a post on X. The viral TikTok star encouraged victims of HAWK coin to reach out to the law firm suing HAWK's creators as she works to "uncover the truth" about the token.HAWK token — a memecoin on the Solana blockchain — imploded early this month at nearly the moment of its creation. On-chain observers have claimed insiders pocketed massive sums of money at the expense of people who purchased the token, and lost big.Its collapse sparked a lawsuit...

The blockchain industry is on the brink of a major transformation, and 2025 will be the year everything truly starts to shift. But before we get there, it’s important to understand what’s been holding this technological revolution back.The current, traditional internet works because its infrastructure is scalable and connects users effortlessly, no matter where these users are located. The decentralized ecosystem, on the other hand, still struggles with issues stemming from fragmented liquidity and a clunky user experience that prevent the technology from reaching its true potential.For this new paradigm to truly become the "internet of value," it needs to match the current internet’s scalability and seamless connections. The good news? Major breakthroughs are on the horizon. Innovations like aggregation...

As 2024 draws to a close, bitcoin (BTC) is underperforming, counter to its historical performance in a year-end "Santa rally."The largest cryptocurrency generally adds about 2.8% in the 51st week, this week it's on course to slide 11%. And, while it's tended to gain 3% in week 52, in five of the past six years the BTC price has dropped. So there's not much hope this time around either.The exact timing for what's considered a Santa rally varies, but it's clearly as December nears January and perhaps a few days either side.The trend extends to the whole quarter too. The fourth quarter tends to be one of bitcoin's strongest, but this year it's underperforming. Since 2013, the BTC price...

A broad crypto market slide worsened at the start of U.S. trading hours as bitcoin (BTC) neared the $93,000 level, leading to a fallback across all major tokens.Ether, Solana’s SOL, Cardano’s ADA, xrp (XRP) and bnb (BNB) fell as much as 16%, while memecoin dogecoin (DOGE) fell over 27%, data shows. Crypto market capitalization is down more than 11% in the past 24 hours, one of the worst single-day drops in the year.Some traders say a hawkish tone in this week’s FOMC meeting flipped market sentiment ahead of the new year.“The Fed rate cut itself was already expected and priced in as markets hinged on the Fed's outlook for next year, which was less optimistic than expected and included only...