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Bitcoin has decisively broken above $77,000 for the first time since its sharp selloff in early February, marking a significant technical milestone that has positive implications for MicroStrategy (MSTR), the largest publicly traded holder of bitcoin. The cryptocurrency’s rally has pushed the business intelligence firm’s bitcoin holdings back into profitability, a notable shift for the…
A Texas man who helped orchestrate a massive cryptocurrency scam has been sentenced to 23 years in federal prison for his role in defrauding nearly 1,000 investors of approximately $20 million through a fraudulent digital asset scheme. US District Judge LaShonda Hunt sentenced Robert Dunlap on Tuesday and ordered him to pay restitution to victims…
Allbirds, the sustainability-focused footwear company, is abandoning its core sneaker business to reinvent itself as an artificial intelligence computing infrastructure provider. The company announced plans to rebrand as NewBird AI and secured $50 million in convertible financing to acquire processing units and build AI infrastructure, triggering a dramatic 400% surge in its stock price. The…
Cryptocurrency wallet provider Zerion disclosed that North Korean-affiliated hackers used artificial intelligence to orchestrate a sophisticated social engineering attack that resulted in approximately $100,000 stolen from the company’s hot wallets last week. The incident marks the second major AI-enabled social engineering attack attributed to North Korean threat actors this month, following the $280 million exploit…
Traditional finance is doubling down on crypto. Deutsche Börse AG, the Frankfurt-based operator of one of Europe’s largest stock exchanges, has acquired a 1.5% stake in Payward Inc., the parent company of crypto exchange Kraken, in a deal valued at $200 million. The transaction is expected to close in the second quarter pending regulatory approval,…
High Roller Technologies Inc. shares more than doubled after the company announced plans to launch a U.S. event-based prediction market in partnership with Crypto.com. The announcement underscores growing institutional interest in prediction markets, a sector estimated to reach $1 trillion in trading volume by 2030. The Las Vegas-based online casino operator said Tuesday it will…
President Trump announced a naval blockade of Iranian ports at the Strait of Hormuz on Sunday, sending shockwaves through global markets as traders braced for potential economic disruption. The blockade, set to commence at 10am New York time, follows the collapse of weekend talks between the United States and Iran in Pakistan. The blockade aims…
Crypto whales have been aggressively accumulating the TRUMP memecoin ahead of an exclusive luncheon at US President Donald Trump’s Mar-a-Lago residence scheduled for April 25, blockchain data shows. One whale withdrew approximately 105,754 OFFICIAL TRUMP tokens from Binance on Saturday, adding to an existing stash of 1.13 million TRUMP worth about $3.2 million, according to…
Jurrien Timmer, director of global macro at Fidelity Investments, believes markets are pricing in a near-term resolution to current geopolitical tensions, particularly around Iran, despite ongoing volatility and headlines that seem to intensify week after week. Speaking to CoinDesk, Timmer characterized the current market environment as “another wild ride,” yet maintained a relatively constructive outlook….
A federal judge in Arizona has temporarily barred state officials from enforcing gambling laws against prediction market platform Kalshi, marking a significant victory for the Commodity Futures Trading Commission in an escalating dispute over event-based trading products. Judge Michael Liburdi of the US District Court for the District of Arizona granted a request from the…
The CoinDesk 20 Index declined Thursday, with the broad-based cryptocurrency benchmark falling 0.2% to trade at 2007.93, according to a daily market update from CoinDesk Indices. The decline was driven largely by weakness in layer-one blockchain tokens, with Hedera (HBAR) emerging as the primary laggard across the 20-asset index. Hedera (HBAR) experienced the steepest losses,…
Bitcoin rallied to over $72,000 Wednesday morning after President Donald Trump announced a two-week conditional ceasefire with Iran, providing relief to markets roiled by weeks of escalating geopolitical tensions. The leading cryptocurrency climbed to $72,379 in peak trading, extending gains from Tuesday’s announcement. Bitcoin was trading around $71,610 at press time, up 3.5% over the…
The onchain value of stablecoins on the Ethereum network has reached an all-time high of $180 billion, according to blockchain analytics firm Token Terminal, as the network continues to dominate the digital dollar economy. Ethereum now holds 60% of the total stablecoin supply at $180 billion, representing a 150% increase over the past three years,…
Former Biden economic advisers faced criticism for claiming vindication in cryptocurrency policy, with analysts arguing the administration’s enforcement-heavy approach harmed legitimate businesses while allowing fraudsters to thrive. In a February 26 New York Times opinion piece, former Biden economic advisers Ryan Cummings and Jared Bernstein attributed bitcoin’s price decline from its 2025 peak as evidence…
