Minimalist News

AI Summary

Moody's downgraded the U.S. credit rating from Aaa to Aa1 due to rising national debt and deficits, impacting the broader financial markets, including cryptocurrencies. Analysts predict Bitcoin could reach $250,000 by the end of 2025, driven by increased institutional interest and reduced volatility in the asset. In South Africa's Garden Route region, Bitcoin adoption is growing, showing early signs of a parallel economy benefiting local businesses and travelers. The SEC is engaging with Everstake to clarify regulations surrounding non-custodial staking, amidst ongoing discussions about the legal status of staking in the U.S. The altcoin market sees renewed interest as it gains significant value, with some analysts suggesting it could experience a powerful rally reminiscent of past bullish cycles.

CoinDesk

Over $5B Pouring into Bitcoin ETFs – Thanks to Bold Directional Bets coindesk.com 11 hours ago by Omkar Godbole
Markets, Bitcoin, ETF, Bitcoin ETF, News
Billions of dollars have flowed into the U.S.-listed spot bitcoin BTC exchange-traded funds (ETFs) in recent weeks, as the cryptocurrency chal…
Alabama Man Sentenced for Hacking SEC’s Social Media to Post Fake Bitcoin ETF News coindesk.com 11 hours ago by Francisco Rodrigues
Policy, X, SEC, Bitcoin, News
A 26-year-old man from Alabama has been sentenced to more than a year in prison for his role in a social media hack that briefly sent the pric…
State of Crypto: Consensus Toronto 2025 Reg Highlights coindesk.com 12 hours ago by Nikhilesh De
Policy, Newsletters, State of Crypto, CT2025, News
CoinDesk hosted its annual Consensus conference in Toronto this week. It was busy, to put it mildly. You’re reading State of Crypto, a Coin…
Movement Labs and Mantra Scandal Are Shaking up Crypto Market-Making coindesk.com 16 hours ago by Shaurya Malwa
Markets, market maker, MANTRA, Move, market analysis, News
Two of the year’s most chaotic token blowups — Movement Labs’ MOVE scandal and the collapse of Mantra’s OM — are sending shockwaves through cr…
ETH, DOGE, XRP Down 3% as Moody’s Downgrades U.S. Credit Rating coindesk.com 17 hours ago by Shaurya Malwa
Markets, News
Major tokens slumped Saturday as investors digested the implications of Moody’s Ratings downgrading the U.S. credit score, with ether (ETH), X…
Undervalued Ether Catching Eye of ETF Buyers as Rally Inbound: CryptoQuant coindesk.com 18 hours ago by Sam Reynolds
Markets, ETH, CryptoQuant, News
ETH has quietly slipped into historically rare territory as one market signal shows its deeply undervalued compared to bitcoin (BTC), at a rat…
U.S. Stablecoin Bill Could Clear Senate Next Week, Proponents Say coindesk.com a day ago by Jesse Hamilton
Policy, US Senate, crypto legislation, Stablecoins, Kirsten Gillibrand, News
Despite recent setbacks, U.S. legislation to regulate stablecoin issuers may be heading toward debate and passage next week, according to the …
Alchemy Acquires Solana Developer DexterLab for Undisclosed Sum coindesk.com a day ago by Jamie Crawley
Finance, Alchemy, Solana, News
Blockchain development platform Alchemy said it has acquired Solana developer DexterLab for an undisclosed fee. The acquisition will accelera…
Eric Trump: 'The Banks Made The Biggest Mistake of Their Lives' coindesk.com a day ago by Helene Braun
Policy, CT2025, World Liberty Financial, News
“There’s a famous saying that sometimes the enemy of your enemy is actually your best friend,” Eric Trump told the crowd at Consensus in Toron…
Crypto Miners Soar on OpenAI-CoreWeave Deal; Galaxy Jumps in Nasdaq Debut coindesk.com a day ago by Krisztian Sandor
Markets, Market Wrap, Bitcoin, Crypto Mining, Galaxy, Coinbase, Inflation, News
While cryptocurrencies put in a flattish performance on Friday with bitcoin BTC churning around $104,000, crypto-related stocks were having a …
Ethereum Backers Respond to Critics: ‘Markets Will Catch Up’ coindesk.com a day ago by Sam Kessler
Consensus Toronto 2025 Coverage, News
TORONTO — Ethereum just completed its most significant upgrade in more than a year, but the milestone comes after a turbulent stretch for the …
World Liberty's Stablecoin Now Available on Multiple Networks Via Chainlink coindesk.com a day ago by Francisco Rodrigues
Markets, World Liberty Financial, Exclusive, Chainlink, chk2025, News
World Liberty Financial’s USD1 stablecoin is now operable across multiple blockchains through an integration with Chainlink’s Cross-Chain Inte…
CFTC's Christy Goldsmith Romero to Leave Agency at End of Month coindesk.com a day ago by Nikhilesh De
Policy, CFTC, Christy goldsmith romero, News
Christy Goldsmith Romero, one of the four commissioners at the Commodity Futures Trading Commission, will depart the federal regulator at the …
TRX Struggles at $0.278 Resistance as Trade Tensions Weigh on Markets coindesk.com a day ago by AI Boost
Markets, AI Market Insights, Technical Analysis, Tron, News
Global economic uncertainties are weighing on cryptocurrency markets as TRX consolidates following its recent failed breakout attempt. The to…
DeFi Development Surges 30% on BONK Validator Partnership, More SOL Purchases coindesk.com a day ago by Krisztian Sandor
Markets, Solana, Bonk, Staking, News
Nasdaq-listed DeFi Development Corp. (DFDV) jumped 30% on Friday to fresh record highs after unveiling a partnership with Solana’s top memecoi…
French Minister Agrees on Measures to Protect Crypto Professionals After Kidnappings coindesk.com a day ago by Camomile Shumba
Policy, France, Kidnapping, Crime, News
French Minister of the Interior Bruno Retailleau agreed on a series of measures to tighten the security of crypto professionals at a Friday me…
Trump-tied World Liberty Financial Rebuffs U.S. Senator's Probe coindesk.com a day ago by Jesse Hamilton
Policy, Donald Trump, World Liberty Financial, US Senate, U.S. Congress, News
World Liberty Financial, the crypto business tied to President Donald Trump and his family, is pushing back against scrutiny from U.S. Senator…
Could Wellness Be an Onramp to Web3? Moonwalk Fitness’ Caitlin Cook Thinks So coindesk.com a day ago by Cheyenne Ligon
Consensus Toronto 2025 Coverage, health and fitness, CT2025, News
There’s no shortage of crypto projects that have been touted as the thing that will onboard the next billion users to Web3, but Moonwalk Fitne…
Bitcoin Adoption News: Top Win Rebrands, Steak N Shake Accepts BTC, Galaxy's Nasdaq Debut coindesk.com a day ago by Jamie Crawley
Markets, Galaxy Digital, Mike Novogratz, Nasdaq, fast food, Bitcoin, Lightning Network, Bitcoin Payments, News
Galaxy Digital (GLXY) just debuted on the Nasdaq, but it appears the financial services company's listing will be jostling for the attention o…
Filmmaker David Goyer Bets on Blockchain for Next Sci-Fi Franchise coindesk.com a day ago by Sam Kessler
Consensus Toronto 2025 Coverage, Story protocol, Web3, News
TORONTO — David Goyer, the filmmaker whose credits include the Blade trilogy, The Dark Knight, and Apple TV’s Foundation series, said Friday h…
CoinDesk Analyst Advises UK Crypto Firm to Set Up Bitcoin Treasury coindesk.com a day ago by Oliver Knight
Finance, btc, Bitcoin Treasury Reserve Asset, Bitcoin, News
U.K.-based Coinsilium Group (COIN:AQSE), which became the first blockchain firm to IPO in 2015, has announced a £1.25 million raise as it look…
CoinDesk 20 Performance Update: AAVE Jumps 7.4%, Leading Index Higher coindesk.com a day ago by CoinDesk Indices
CoinDesk Indices, CoinDesk 20, charts, Prices, News
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDes…
Ripple-SEC Bid for XRP Settlement Rejected by Judge Citing 'Procedural Flaws' coindesk.com 2 days ago by Shaurya Malwa
Markets, XRP, Ripple, SEC, News
A federal judge has rejected a joint request by Ripple Labs and the U.S. Securities and Exchange Commission (SEC) to approve a proposed $50 mi…
Wisconsin Sells Entire $350M Spot Bitcoin ETF Stake coindesk.com 2 days ago by Francisco Rodrigues
Markets, Bitcoin, Bitcoin ETF, BlackRock, News
The State of Wisconsin Investment Board (SWIB), one of the first U.S. state pension funds to invest in a spot bitcoin BTC exchange-traded fund…
Ether Bears Are Done and That’s Fueling ETH’s Surge, Crypto Benchmark Issuer Says coindesk.com 2 days ago by Omkar Godbole
Markets, Ether, CF Benchmarks, market analysis, News
Ether's ETH rally, though impressive, leaves much to be desired. That's because the unwinding of shorts is said to be fueling the rally, not f…