Latest Business News, Market Insights & Global Economy Updates
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3473.18, down 2.6% (-93.07) since 4 p.m. ET on Thursday. None of the 20 assets are trading higher. Leaders: XRP (-1.6%) and POL (-1.8%). Laggards: AAVE (-10.1%) and BCH…
The U.S.-listed crypto exchange-traded funds (ETFs) bled money Thursday, snapping a two-week streak of consistent inflows. The 11 bitcoin BTC$106,532.66 ETFs registered a net outflow of $536.4 million as investors pulled out $56.8 million from ether ETFs. Data curated by SoSoValue shows BlackRock’s iShares Bitcoin Trust (IBIT) saw $29 million in outflows on the day,…
Cryptocurrency exchange Kraken has acquired Small Exchange, a U.S.-licensed derivatives trading platform from IG Group (IGG) for $100 million. Kraken bought Small Exchange for $32.5 million in cash and $67.5 million in stock, IG announced on Thursday. The acquisition allows Kraken to operate as a designated contract market (DCM) in the U.S. thanks to Small…
Crypto’s Oct. 10 plunge looks more like a stress test than a regime change, Bitwise Chief Investment Officer Matt Hougan wrote in his Oct. 14 memo. Hougan links the sell-off to a late-Friday post from President Trump threatening 100% tariffs on Chinese goods; with equities shut, he wrote, traders funneled reaction into the always-open crypto…
Metaplanet (3350) is now trading below a 1.0x multiple to net asset value (mNAV) for the first time since launching its bitcoin treasury strategy back in 2024. mNAV can be defined as a metric that measures the market capitalization of a company relative to the value of the crypto assets it holds on its balance…
A modest reversal from Friday evening’s carnage in crypto markets is underway after some calming trade war-related remarks from both Beijing and Washington. The walk-backs began late Saturday when China’s Ministry of Commerce said its rare-earth export controls are not blanket bans, and that eligible applications will continue to receive licenses. The agency further said…
Friday has gone from bad to worse for crypto assets as U.S. President Trump said he would impose an additional 100% tariff on China, sending prices cascading lower in a flash crash. Bitcoin BTC$115,057.97, already trading weak at around $117,000 following Trump’s late morning comments about threatening China with tariffs, tumbled below $110,000, down 12%…
Russia is moving closer to formally integrating crypto into its financial system, as officials acknowledge widespread adoption and the central bank prepares to let banks handle digital assets under tight controls. According to a report by TASS, Deputy Finance Minister Ivan Chebeskov said around 20 million Russians now use cryptocurrencies “for various purposes,” describing them…
Bitcoin’s BTC$113,244.11 implied volatility (IV) gauge has climbed to a 2.5-month high, consistent with the seasonal trends. Volmex’s bitcoin implied volatility index, BVIV, which represents the annualized expected price turbulence over four weeks, has topped 42%, the highest since late August, according to data source TradingView. IV measures the market’s expectations for future price swings…
Ripple is expanding its Middle East footprint through a new partnership with Bahrain Fintech Bay, the Kingdom’s main fintech incubator and ecosystem platform, as part of its push to integrate blockchain and stablecoin infrastructure into regulated financial markets. The move builds on Ripple’s Dubai Financial Services Authority (DFSA) license obtained earlier this year and underscores…
