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Today

CEO Brian Armstrong's Coinbase has been accused of going too far in seeking Securities and Exchange Commission Chair Gary Gensler's communications. (CoinDesk)
Policy

SEC Asks NY Court to Deny Coinbase’s ‘Breathtakingly Broad’ Subpoena Request

The regulatory agency has taken umbrage with Coinbase’s attempt to subpoena SEC Chair Gary Gensler’s personal emails.

August 6, 2024

August 5th

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)
Technology

Protocol Village: New ZK Rollup Zircuit Goes Live, Hybrid Perps Exchange X10 Launches

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7.

August 5, 2024

Bitcoin price on Aug 5 (CoinDesk)
Markets

Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash

Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull marke...

August 5, 2024

(New York Public Library)
Markets

Is Bitcoin Still a Store of Value?

It depends on what you're trying to protect that value from. Market meltdowns like Monday's? No. Confiscation or monetary inflation? Maybe.

August 5, 2024

Yassamin Ansari, a crypto-friendly Democratic congressional candidate in Arizona, is hanging on to a 67-vote lead after days of ballot counting. (Gage Skidmore/Flickr)
Policy

Crypto Candidate in Arizona Is Winning (So Far) Despite Sen. Warren's Headwinds

An Arizona candidate who received $1.4 million in crypto help, is maintaining a 67-vote lead several days after the primary election, with a small pile of votes left to verify...

August 5, 2024

AMBLER, PENNSYLVANIA - JULY 29: Pennsylvania Governor Josh Shapiro speaks during a campaign rally for Vice President Kamala Harris on July 29, 2024 in Ambler, Pennsylvania. Shapiro and Michigan Governor Gretchen Whitmer campaigned to bring supporters behind Vice President Harris's campaign to protect Americans' freedoms, lower costs for families, and slam Trump's Project 2025 agenda. (Photo by Hannah Beier/Getty Images)
News Analysis

Harris Likely to Pick Pennsylvania Gov. Shapiro for Veep, Prediction Markets Say

Also: the Democrat gains on Trump but hasn't closed the gap, unlike in polls; Polymarket punters trade on Olympic women's boxing controversy.

August 5, 2024

9am CoinDesk 20 Update for 2024-08-05: laggards
CoinDesk Indices

CoinDesk 20 Performance Update: Index Plunges 22.6% Amid Global Market Decline

NEAR and LINK were among the hardest hit as the CoinDesk 20 tumbled over the weekend.

August 5, 2024

Bitcoin price on Aug 5 (CoinDesk)
Markets

First Mover Americas: Bitcoin Crashes to $50K as 'Perfect Storm' Hits Crypto Market

The latest price moves in crypto markets in context for Aug 5, 2024.

August 5, 2024

(Alexander Mils/Unsplash)
Finance

Defi Giant Aave Rakes in $6M in Revenue as Crypto Market Plunges

Aave shows defiance during the sell-off by profiting off user liquidations.

August 5, 2024

Crypto market's crash sent shares of related companies tumbling. (Unsplash)
Markets

Crypto Stocks Slump as Bitcoin, Ether Tumble

Coinbase, MicroStrategy and miners fell as equity markets declined worldwide.

August 5, 2024

yen, dollar. (Shutterstock)
Markets

Bitcoin Drops 15% Against Japanese Yen, Outpacing Declines Versus USD, as Yen Carry Trades Unwind

The yen's strong performance, rising almost 10% against the USD in three weeks, led to the unwinding of carry trades, contributing to the sell-off in risk assets and causing s...

August 5, 2024

Trading board is showing a crash in a stock exchange. (Getty Images)
Markets

Bitcoin Price Crash to $50K Dashes Carry Traders' Hopes

Carry trading, a popular strategy from the first quarter, involves profiting from pricing discrepancies between two markets.

August 5, 2024

(Getty Images)
Markets

Bitcoin Dips Below $50K as Investors Flee Risk Assets

Ether slumped by the most since May 2021.

August 5, 2024

A boy standing on diving board. (Photo and Co/Getty Images)
Markets

Crypto Futures Record $1B in Liquidations as Bitcoin Nosedives, Ether Slumps Most Since 2021

A sentiment index that tracks crypto markets changed to “fear” early Monday as ETH recorded its worst single-day drop since May 2021.

August 5, 2024

(CoinDesk Indices)
Markets

Ether Slides 20% as Trading Firm Moves $46M in ETH

A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain.

August 5, 2024

Panic grips markets  (H. Armstrong Roberts/ClassicStock/Getty Images)
Markets

Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic Grips Markets

Japan's Nikkei fell more than another 6% early Monday, bringing that index's three-day decline to about 15%.

August 5, 2024

August 4th

Bear (mana5280/Unsplash)
Markets

Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10%

Crypto bulls lost nearly $200 million in the past 24 hours as the week’s sell-off worsened over the weekend.

August 4, 2024

August 2nd

Former President Donald Trump praised crypto again while Vice President Kamala Harris' campaign seemed to mock the comments. (Mornings With Maria, Fox Business)
Policy

As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks

Former President Donald Trump shared some more thoughts on his recent crypto crush, and the campaign for Kamala Harris responded as it often has: It shared Trump's own words....

August 2, 2024

Wall Street analysts characterized Coinbase’s second-quarter earnings as ‘solid’, given the industry's downtick in trading volume - the exchange’s biggest source of income historically. (PiggyBank/Unsplash)
Markets

Coinbase's 'Solid' Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say

The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.

August 2, 2024

MicroStrategy executive chairman and co-founder Michael Saylor. (Danny Nelson/CoinDesk)
Finance

MicroStrategy Bull Doubles Down on The Stock by Raising Price Target to Wall Street High

The broker raised its year-end price target for the software company to $2,150 from $1,875.

August 2, 2024