Coindesk

The Ether Machine, a crypto infrastructure firm preparing to go public via a merger with SPAC sponsor Dynamix, said it executed its first major ether (ETH) purchase, acquiring nearly 15,000 ETH for $56.9 million.The transaction, at an average price of $3,809.97, marks the start of the company’s treasury deployment strategy, which includes plans to accumulate over 334,000 ETH. The Ether Machine has some $407 million remaining for ETH purchases, bringing its total committed and acquired exposure to the second-largest cryptocurrency to roughly $463 million.The timing of the announcement coincides with the 10th anniversary of Ethereum’s launch — a symbolic alignment with the project’s core mission to build institutional-grade, yield-generating ETH infrastructure.The purchase was executed through The Ether Reserve LLC, a...

On Wednesday, Bolivia’s central bank announced that it had signed a formal agreement with El Salvador’s digital asset regulator, marking a significant step toward developing a legal and technical framework for cryptocurrency adoption in the Andean nation.The Central Bank of Bolivia (BCB) and El Salvador’s Comisión Nacional de Activos Digitales (CNAD) will collaborate on a broad range of crypto policy initiatives under the terms of a newly signed memorandum of understanding. The agreement includes joint work on blockchain intelligence tools, regulatory frameworks, and risk analysis models. It is open-ended and takes effect immediately.The policy shift comes as crypto use accelerates in Bolivia. According to figures released by the BCB, digital asset transaction volume grew from $46.5 million in June 2024...

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.Artificial Intelligence (AI) majors are slightly down despite blockbuster earnings by tech giants Microsoft (MSFT) and Meta, which cited their respective AI efforts as a catalyst for beating earnings.Microsoft’s cloud revenue jumped 27% to $46.7 billion, with Azure crossing $75 billion annually as demand for AI workloads pushed datacenter capacity past two gigawatts. Meta, meanwhile, reported a 22% year-over-year revenue increase to $47.5 billion, with a 43% operating margin, as AI-powered ad models lifted conversions by up to...

President Donald Trump's crypto working group finally issued its massive report and its pages of U.S. policy recommendations, and two of the people behind that effort told CoinDesk that decentralized finance (DeFi) protocols should fare just fine in the administration's vision of the U.S. sector."Decentralized protocols can definitely meet the rules of the road," said Bo Hines, the executive director for the group of regulators and senior administration officials that collectively issued the 163-page report on Wednesday. In a CoinDesk TV interview with Jennifer Sanasie, Hines and the Treasury Department's Tyler Williams shared some of the highlights of the lengthy report, including its treatment of DeFi."We want people innovating and developing here in the U.S.," Hines said from the White...

Crypto markets saw a rise in volatility on Wednesday as Federal Reserve Chair Jerome Powell’s hawkish remarks rattled leveraged traders.Liquidations spiked to over $200 million in an hour across all digital assets as bitcoin (BTC) dipped below $116,000 while Powell spoke, CoinGlass data shows. The central bank left interest rates unchanged, with Powell insisting on potential inflationary pressures from tariffs, while two officials dissented in favor of cutting.Read more: Bitcoin Tumbles Below $116K as Jerome Powell Delivers Hawkish RemarksLater in the session, BTC bounced back above $117,000, still 0.8% down through the day and trading at the lower end of its three-week tight range. Ether (ETH) slid as much as 3%, then recovered to $3,750, modestly lower (-0.6%) over the...