The era of memecoins as a supposedly fair trading opportunity is “unquestionably over,” according to Nic Carter, a partner at Castle Island Ventures. In a post on X, Carter argued that memecoins—tokens with little to no utility beyond speculative trading—were initially attractive
Bitcoin (BTC) quickly bounced back from the Tuesday dip to $93,000, but downside pressure still persists risking a deeper pullback to $86,000, CryptoQuant analysts said. Waning demand, faltering blockchain activity and lack of liquidity inflows to crypto are among the factors that
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Ethereum reporter, filling in for Ben Schiller. In this issue: Story Protocol launches to let people register IP and get paid for
Nearly every big name in the crypto industry has signed onto a letter calling for Congress to eliminate a U.S. tax policy they say could jeopardize decentralized finance (DeFi) technology by shoehorning much of that space into the field of brokers subject
Bitcoin price may be volatile but it didn’t stop giant financial institutions from continuing to invest more. Large institutions such as pensions or hedge funds tripled their holdings of spot bitcoin exchange-traded funds (ETFs) in the fourth quarter of 2024, data from
The ultimate goals of tokenization include full-fledged secondary trading markets for alternative private assets, integration and portability into the DeFi ecosystem, and greater investment accessibility. While there are a number of platforms and service providers offering tokenization-as-a-service, there have typically been inherent
The world’s first spot XRP exchange-traded fund (ETF) is set to soon debut in Brazil after being approved by the country’s securities regulator, the Comissão de Valores Mobiliários. The regulator’s website shows that the fund, the HASHDEX NASDAQ XRP FUNDO DE ÍNDICE,
Despite all of the positive news about digital assets coming from the new administration, the crypto ecosystem still isn’t fully integrated with the U.S. banking system. Even with the removal of “Operation Chokepoint 2.0” restrictions, institutions and individuals aren’t able to access
A group of top Ethereum developers and leaders released Wednesday a new framework that would simplify and standardize cross-chain token transfers. The initiative, called the Open Intents Framework (OIF), was kickstarted by contributors from the Ethereum Foundation and is supported by 25
Monad, an Ethereum Virtual Machine (EVM) layer-1 blockchain about to launch its testnet, has joined forces with Orderly Network, a decentralized exchange (DEX) infrastructure built on the Near blockchain and supporting a range of other chains, as the platforms spread their nets