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1 week ago | 
coindesk.com | Krisztian Sandor |Margaux Nijkerk |Parikshit Mishra
Share this articleBy Krisztian Sandor, Margaux Nijkerk|Edited by Parikshit Mishra Apr 17, 2025, 12:59 p.m. Ethena and Securitize’s Converge blockchain will use Arbitrum and Celestia to offer fast blocktimes, USDe and USDtb as gas tokens, and a validator network secured by staked ENA, according to the project's tech update. Converge plans to launch mainnet by the end of Q2, Securitize CEO Carlos Domingo said in an interview.
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1 week ago | 
coindesk.com | Omkar Godbole |Parikshit Mishra
Share this articleBy Omkar Godbole|Edited by Parikshit Mishra Apr 17, 2025, 11:35 a.m. Deribit's options market shows a preference for put options on XRP, indicating concerns about potential price declines. XRP's recent price movement suggests a possible re-test of lows around $1.6, despite its strong order book depth. XRP might be the next cryptocurrency to get a spot ETF listing in the U.S. after bitcoin (BTC) and ether (ETH), analysts argued this week.
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1 week ago | 
coindesk.com | Sam Reynolds |Parikshit Mishra
Share this articleBy Sam Reynolds|Edited by Parikshit Mishra Apr 17, 2025, 6:58 a.m. Project Eleven has launched the Q-Day Prize, offering 1 bitcoin to the first team to break an elliptic curve cryptographic key using a quantum computer. The competition highlights the potential threat quantum computing poses to Bitcoin's security, with over 10 million addresses at risk.
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1 week ago | 
coindesk.com | Omkar Godbole |Parikshit Mishra
Share this articleBy Omkar Godbole|Edited by Parikshit Mishra Apr 17, 2025, 5:44 a.m. Three wallets snapped up Base is for everyone token before its official announcement on X, pocketing hefty profits. Base’s creator Jesse greenlighted the token. Token debuts remain a contentious issue, often criticized for their poor execution that allows individuals, supposedly armed with insider information about impending launches, to profit through front-running campaigns.
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1 week ago | 
coindesk.com | Francisco Rodrigues |Parikshit Mishra
Share this articleBy Francisco Rodrigues|Edited by Parikshit MishraUpdated Apr 16, 2025, 12:36 p.m. Published Apr 16, 2025, 12:34 p.m. DWF Labs opened NYC office to deepen U.S. institutional and regulatory relationshipsThe market maker invested $25 million in WLFI tokens from the Trump family-backed DeFi protocol World Liberty Financial. The firm will provide liquidity for USD1, the protocol’s stablecoin.
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1 week ago | 
coindesk.com | Omkar Godbole |Parikshit Mishra
Share this articleBy Omkar Godbole|Edited by Parikshit Mishra Apr 16, 2025, 12:25 p.m. Bitcoin's recovery rally has stalled, with the $86,000 mark acting as a resistance zone. Key momentum indicators suggest a potential bearish shift, as the 50- and 100-hour SMAs are poised for a bearish crossover. A move below $83,000 could trigger a sell-off, while a close above $86,000 is needed to continue the recovery rally.
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1 week ago | 
coindesk.com | James Van Straten |Parikshit Mishra
Share this articleBy James Van Straten|Edited by Parikshit Mishra Apr 16, 2025, 10:33 a.m. STH MVRV at 0.82 suggests short-term holders are sitting on average unrealized losses of 18%, near historical bottoming zones. Long-term holders have accumulated approximately 500,000 BTC since February, absorbing more supply than short-term holders have distributed.
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1 week ago | 
coindesk.com | Omkar Godbole |Parikshit Mishra
Share this articleBy Omkar Godbole|Edited by Parikshit MishraUpdated Apr 16, 2025, 8:47 a.m. Published Apr 16, 2025, 8:46 a.m. The cryptocurrency market is entering a bear phase, with significant losses and stagnation expected, according to Coinbase Institutional. Bitcoin's decline below its 200-day simple moving average suggests a crypto winter ahead. Traditional metrics for bear markets may not fully capture shifts in investor sentiment and market structure in the crypto space.
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1 week ago | 
coindesk.com | Shaurya Malwa |Omkar Godbole |Parikshit Mishra
Bitcoin (BTC) and major cryptocurrencies fell over 3% as profit-taking followed Tuesday's rally. Overall crypto market capitalization fell 3.3% in the past 24 hours, with BTC sliding to nearly $83,500 from a high above $84,200 a day earlier. Ether (ETH) and Cardano’s ADA fell as much as 5% to lead losses among majors. By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
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1 week ago | 
coindesk.com | Shaurya Malwa |Parikshit Mishra
Bitcoin (BTC) and other major tokens lost more than 3% as Tuesday’s rally was met with profit-taking during Asian morning hours Wednesday — in line with expectations. Overall crypto market capitalization fell 3.3% in the past 24 hours, with BTC sliding to nearly $83,500 from a high above $84,200 a day earlier. Ether (ETH) and Cardano’s ADA fell as much as 5% to lead losses among majors.
