Last month, CoinDesk discussed in detail how bond market activity is challenging the notion that the U.S. government is good for money, raising questions on the long-held “kayfabe” or illusion of fiscal stability. Now, billionaire tech entrepreneur Elon Musk has raised the
Cathie Wood’s ARK Invest bought nearly 4.5 million Circle (CRCL) shares on the stablecoin issuer’s first day of trading, a holding worth $373 million at the stock’s closing price. The St Petersburg, California-based investment manager was quick to add the USDC issuer
Fart-powered humor trumped crypto gloom as fartcoin (FARTCOIN) climbed 12% in 24 hours, clawing back losses from a Pump.fun-fueled slump earlier this week after Coinbase (COIN) added the token to its listing roadmap. CoinGecko data shows that the move to $1.06 came
Tigran Gambaryan, the former U.S. federal agent who led Binance’s financial crime compliance efforts, announced that he is leaving the company after a tumultuous four-year tenure. Gambaryan, once a IRS investigator, joined Binance in 2021 when the crypto exchange was under growing
XRP XRP climbed 7% over the past 24 hours, rebounding from a steep sell-off to trade at $2.20 after finding support at $2.07. News Background XRP’s week-long price action was influenced by a mix of fundamental developments and market speculation. Ripple recently
Dogecoin DOGE experienced a dramatic 12.5% decline over the past 24 hours, plunging from 19 cents to 16 cents as tensions between President Donald Trump and technology entrepreneur Elon Musk weighed down on crypto markets. News Background Dogecoin’s latest plunge comes against
Taiwan-based crypto exchange BitoPro has confirmed to CoinDesk that it suffered a cyberattack on an old hot wallet in May, resulting in losses of over $11 million. The company said it immediately replenished the stolen funds and moved assets to new wallets
Stellar (XLM) continues to gain traction in the cryptocurrency space, particularly in cross-border payments and real-world asset (RWA) tokenization. With Stellar’s active accounts growing from 7.2 million in 2023 to 9.5 million by May 2025, and the network adding approximately 5,000 new
Dogecoin DOGE and Cardano’s ADA ADA led the declines on Friday as crypto traders digested mixed macro data and recession concerns sparked by an escalating feud between President Donald Trump and tech titan Elon Musk. DOGE tumbled nearly 7% in 24 hours,
Last month, CoinDesk reported that big money is becoming increasingly bullish on ether ETH, with price charts indicating a potential rally above $3,000. New evidence has now emerged, supporting those claims. On Thursday, a trader paid a premium of over $2 million