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Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom

Bitcoin was lower by 2.5% to $61,500 late Wednesday, with solana and bitcoin cash each down more than 7%.

May 8, 2024 at 9:16 p.m. UTC
Robinhood's Q1 Crypto Trading Volume Surged 224% as SEC Action Looms

Shares in the popular trading platform were higher by 7% after the company topped first quarter revenue and earnings estimates.

May 8, 2024 at 8:37 p.m. UTC
Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan

The new reorganization plan must first be approved by a Delaware bankruptcy court.

May 8, 2024 at 2:49 a.m. UTC
Key Bitcoin Indicator Points to Period of Calm in Crypto Market

BTC's volatility risk premium (VRP) has collapsed in a sign of a market trending towards stability, where future uncertainties are less of a concern.

May 8, 2024 at 11:08 a.m. UTC
Restaking Is Hot in Ethereum and Entering Solana. Should We Worry?

The Lehman Brothers-driven global financial crisis of 2008 showed the danger of spreading money around too much.

May 8, 2024 at 4:11 p.m. UTC
It's Not a Token Offering, It's a 'Node Sale': Sophon Blockchain Raises $60M

The blockchain project's founders aren't even publicly named, but they've enjoyed remarkable success in fundraising, partly thanks to this increasingly popular fundraising met...

May 8, 2024 at 1:00 p.m. UTC

Live Wire

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Markets
By Omkar Godbole
May 7, 2024 at 6:32 a.m. UTC
2
Finance
By Jamie Crawley
May 7, 2024 at 6:00 a.m. UTC
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Markets
By Krisztian Sandor
May 6, 2024 at 8:39 p.m. UTC

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Consensus 2024

MoMA’s Madeleine Pierpont brings Web3 experiences to the New York modern art mainstay. (Gen C podcast/CoinDesk)

MoMA’s Madeleine Pierpont: NFTs Are Already Part of Art History

“Yes, there has been a hyper-financialization in the NFT space, but money is not a dirty word in art,” says the Consensus 2024 speaker.

May 7, 2024
(CoinDesk)

Allison Duettmann: How Blockchains Can Make AI Safer

The CEO of the Foresight Institute, a speaker at Consensus 2024, says there are three key areas where cryptographic technologies can improve artificial intelligence systems.

May 6, 2024
The Protocol Wide

Runes | A Degenerate Casino on the Bitcoin Blockchain Creative

Runes and Ordinals ‘Artist’ Creator, Casey Rodarmor has just invented two of the most dramatically impactful protocols in the blockchain industry's history and embraces crypto...

Apr 25, 2024
(Arif Khan)

‘AI-Agents Will Do Crypto Transactions’: Arif Khan on the Future of Crypto-AI

Alethea CEO Arif Khan, a speaker on the AI Stage at Consensus 2024, says we’ll soon be automating large parts of lives including paying bills and responding to emails.

May 6, 2024
"Shrapnel" image (Neon)

‘It's Modding, But on Steroids’: Mark Long on the Future of Web3 Gaming

Shrapnel, a blockchain-infused first-person shooter game, is expected to be released in 2025. Its creator gives a preview to Jeff Wilser ahead of his appearance at Consensus 2...

Apr 30, 2024
Ben “BitBoy” Armstrong and meme coin creator “More Light,” in Mexico City in February, 2024.

Texas Takedown: Nic Carter and David Hoffman Square Off for Karate Combat at Consensus

The influencers, representing Bitcoin and Ethereum, will enter the pit at the Consensus festival May 30, 2024. Fyre Festival’s Billy McFarland is also on the fight card.

Apr 3, 2024







Policy

President Joe Biden is threatening to veto an effort in Congress to overturn the Securities and Exchange Commission's crypto accounting policy. (Chip Somodevilla/Getty Images)

House Votes to Erase SEC Crypto Policy While President Biden Vows Veto

The House of Representatives voted in favor of a resolution to oppose the SEC's crypto accounting policy, Staff Accounting Bulletin No. 121, as President Biden defends it.

May 8, 2024
UK Economic Secretary Bim Afolami (UK Parliament)

UK Minister Says Government Only Has Time to Implement Stablecoin, Staking Legislation

Economic Secretary Bim Afolami said that the government could put through stablecoin and staking legislation in the coming weeks but will outline what more is coming later.

May 8, 2024
(Helene Braun/CoinDesk)

U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions

The New York Innovation Center of the Federal Reserve Bank of New York will act as a technical observer.

May 8, 2024
SEC headquarters in Washington, D.C. (Nikhilesh De/CoinDesk)

The Crypto Lawsuit State of Play

The industry is virtually flooding the courts with requests for clarity.

May 8, 2024
(Bisma Mahendra/Unsplash)

Indonesia Regulator Forms Crypto Committee to Monitor Industry's Operation, Compliance

The committee was established by the Commodity Futures Trading Supervisory Agency, known as Bappebti, because crypto is considered a commodity in Indonesia.

May 8, 2024
Current FTX CEO John J. Ray has worked to clawback funds spent by the previous operators of the defunct FTX exchange. (Wikimedia Commons)

Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan

The new reorganization plan must first be approved by a Delaware bankruptcy court.

May 8, 2024