Latest Business News, Market Insights & Global Economy Updates
Filecoin FIL$2,9314 delivered one of cryptocurrency’s most explosive moves over the 24-hour period, soaring from $1.33 to $2.27 in a rally that established the token as a clear sector leader, according to CoinDesk Research’s technical analysis model. The 70% advance occurred across a total range of $0.95, with FIL demonstrating sustained momentum through three distinct…
Zcash ZEC$647.06 has surged back into crypto’s top 20 largest tokens by market capitalization, trading above $600 for the first time in nearly seven years. The privacy-focused token has gained more than 1,270% year-over-year, according to CoinGecko data, pushing its market capitalization to just under $10 billion. The rally coincides with renewed attention on privacy…
Cryptocurrency-friendly investment firm Franklin Templeton introduced a blockchain-based money-market fund for professional investors in Hong Kong and said it’s also working on a version for retail investors as it looks to expand its footprint in Asia. The Franklin OnChain U.S. Government Money Fund invests in short-term U.S. government securities, with shares represented as tokens. Franklin…
ICP$5,7006 pulled back from its rally above $6.50, to trade just below $5 throughout the European morning on Wednesday, nearly 25% below Tuesday’s peak. ICP recorded a resistance-shattering surge on Tuesday, gaining as much as 64% to eclipse the $6.50 mark, before profit taking capped much of these gains, according to CoinDesk Research’s technical analysis…
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 3291.57, down 2.1% (-69.23) since 4 p.m. ET on Monday. Three of 20 assets are trading higher. Leaders: ICP (+38.9%) and DOT (+0.6%). Laggards: CRO (-3.6%) and APT (-3.4%)….
SHIB$0.0₅9179, the world’s second-largest meme token by market value, has dropped over 5% in 24 hours, taking cues from the risk-off mood in the broader market characterized by bitcoin’s drop below its 200-day simple moving average. SHIB has dropped to $0.00000951 from $0.00001018, closing on key support zone, which marked downside exhaustion through October. BTC,…
Tether USDT$1.0000, the issuer of the world’s largest stablecoin, said on Friday its net profits surpassed $10 billion for this year as its flagship token swelled to a $174 billion market cap in the third quarter of 2025. According to the firm’s latest attestation signed by accounting firm BDO Italy, the company ended the quarter…
If it’s possible for a central bank to cut rates and still be hawkish, the U.S. Federal Reserve accomplished that this week. In his post-meeting press conference Wednesday, Fed Chairman Jerome Powell hit markets with an unexpected broadside, insisting that a December rate cut was far from a done deal. The reaction was swift, with…
Brian Armstrong’s last-minute crypto shout-out turned a $4,000 prediction market into a punchline. With a few words, the Coinbase CEO made every bet on “Bitcoin,” “Ethereum,” and “Web3” pay out at once. It was a thin market, where the largest winner took home only $111, according to Poymarket Analytics. But if Armstrong’s impromptu word salad…
Core Scientific (CORZ) shareholders have rejected a proposed $9 billion all-stock merger with CoreWeave (CRWV), halting one of the most anticipated deals in the AI data center sector. CORZ is higher by 4.5% on the news, while CRWV added modestly to earlier losses, now down 5% for the session. The quick vote followed recommendations from…
