Analysis

U.S. Treasury Secretary Janet Yellen at American University (Jesse Hamilton/CoinDesk)
After Bitcoin ETF Decision, U.S. Debt Announcement May Be Pivotal for Crypto Traders
The Treasury's next quarterly debt announcement may not turn out as much a tailwind for risk assets as the previous one did.
U.S. Treasury Secretary Janet Yellen at American University (Jesse Hamilton/CoinDesk)

Predecessors of today's traders at the NYSE floor in 1963 (Library of Congress)
Bitcoin ETFs Could Spark Huge BTC Trading. The Market Appears Up to the Task
Market makers, like trading firm DRW, have been preparing for months to be able to provide the necessary liquidity to ensure sufficient liquidity should the SEC approve bitcoi...
Predecessors of today's traders at the NYSE floor in 1963 (Library of Congress)

Ranking Winners (Shutterstock)
Who Won Crypto in 2023? The CoinDesk Market Index Broken Down in 6 Charts
Tokens from Injective, a layer-1 blockchain in the Cosmos ecosystem, and Render, a GPU rendering network that migrated this year to Solana from Ethereum, dominated the year's...
Ranking Winners (Shutterstock)

BlackRock HQ
BlackRock Spot BTC ETF Seed Funding is a Step Forward, but Just a Step
The move appears to be more for "operational purposes," said one ETF expert.
BlackRock HQ

Builder censorship on Ethereum has more than tripled over the past 12 months. (Toni Wahrstätter/censorship.pics)
Ethereum's 'Censorship' Problem Is Getting Worse
Four of the five biggest "block builders" on Ethereum are excluding transactions sanctioned by the U.S. government, data shows.
Builder censorship on Ethereum has more than tripled over the past 12 months. (Toni Wahrstätter/censorship.pics)

Stablecoin market cap (Coin Metrics)
Fresh Money Flows to Crypto as Stablecoin Market Expands After 18-Month Downtrend
Tether's USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.
Stablecoin market cap (Coin Metrics)

HM Revenue and Customs (Peter Dazeley/Getty Images)
UK Won’t Excuse Ignorance in the Hunt for Unpaid Crypto Taxes, Experts Say
The government could use a number of different ways to track down crypto tax evaders, CoinDesk was told.
HM Revenue and Customs (Peter Dazeley/Getty Images)

Blast founder Tieshun "Pacman" Roquerre is suddenly fending off the critics. (Creative Commons, modified by CoinDesk)
Blast's One-Week, $600M Haul Shows Promise of Yield, Pitfalls of Hype
The idea of a yield-paying layer-2 blockchain atop Ethereum has clearly demonstrated market allure. But even the project's biggest investor has taken issue with the execution...
Blast founder Tieshun "Pacman" Roquerre is suddenly fending off the critics. (Creative Commons, modified by CoinDesk)

Coinbase CEO Brian Amstrong and BitGo CEO Mike Belshe (CoinDesk)
Coinbase Is Dominating a Key Bitcoin ETF Service
Brian Armstrong's exchange is way ahead in being the custodian for ETF applications, and a famous name in custody, BitGo, has been missing from the conversation.
Coinbase CEO Brian Amstrong and BitGo CEO Mike Belshe (CoinDesk)

BONK's market capitalization (Coingecko)
BONK's Market-Beating Price Surge at Risk as Binance Lists Perpetual Futures Tied to the Token
Historically, the exchange's decision to list perpetual contracts tied to smaller tokens has marked major price tops for the those cryptocurrencies.
BONK's market capitalization (Coingecko)