CoinDesk Coverage
Full CoinDesk crypto feed with immediate sentiment and action context for each headline.
Context filters
Narrow this source stream by time window.
Here's how bitcoin's price rise could be fueled by job-stealing AI software
NYDIG Research suggests Bitcoin's future price action will be driven by AI's macroeconomic impact on growth, employment, and central bank liquidity, rather than technological advancements. Potential job losses due to AI could trigger liquidity injections, benefiting Bitcoin, while productivity gains without job losses might lead to higher real rates, pressuring its price. The analysis highlights AI's potential to revive early Bitcoin visions of machine-to-machine payments.
Bitcoin is stuck in a rut but JPMorgan says new legislation could be the ultimate spark
JPMorgan identifies the proposed U.S. Clarity Act as a potential catalyst for crypto markets, particularly Bitcoin and Ether, by mid-year. The legislation aims to provide regulatory clarity, boost institutional adoption, and accelerate tokenization. However, the bill faces significant hurdles in the Senate, with divisions among industry players and lawmakers causing delays.
Iran crisis puts the regime's $7.8 billion crypto shadow economy in spotlight
Iran's geopolitical crisis is highlighting its significant $7.8 billion crypto "shadow economy," used by the regime for international trade and by citizens as a financial lifeline. Bitcoin mining and stablecoin adoption, particularly USDT, have surged, with the IRGC heavily involved. Renewed conflict poses risks to mining infrastructure and potentially impacts hash rates.
The 'stablecoin sandwich' is dead: Why the next phase of crypto payments is all about the user relationship
The stablecoin market is maturing, shifting focus from issuance to user distribution, according to a former Diem executive. Meta's upcoming stablecoin integration is seen as part of this trend, prioritizing direct user relationships over technical infrastructure. This pivot benefits incumbents with large user bases, like card networks, who can commoditize the underlying assets.
Crypto community fears Iran choking oil supply and crashing markets, but that may be overblown
Fears of Iran closing the Strait of Hormuz and impacting oil supply and crypto markets are circulating on social media following recent geopolitical escalations. However, experts argue that an outright closure is unlikely due to economic and geographical factors, suggesting any oil price spikes may be temporary. Despite this, broader Middle East tensions could still trigger risk aversion and impact Bitcoin.
Former Mt. Gox CEO proposed a rewrite of bitcoin's code to recover $5 billion in stolen funds. Gets quickly shutdown
Former Mt. Gox CEO Mark Karpelès proposed a Bitcoin Core hard fork to recover $5 billion in stolen BTC. The proposal, which aimed to redirect untouched coins from a 2011 address, was quickly shut down and auto-closed on GitHub. Community members and creditors rejected the idea, prioritizing Bitcoin's core principle of "code is the law" over the recovery of lost funds.
Suspected insiders make over $1.2 million on Polymarket ahead of U.S. strike on Iran
Six Polymarket accounts allegedly profited $1.2 million by betting on a U.S. strike on Iran, with the trades occurring just hours before the event. This incident highlights ongoing concerns about insider trading on prediction markets, mirroring recent actions by rival platform Kalshi and regulatory scrutiny from the CFTC. The U.S. strike also coincided with a price drop in Bitcoin and a rise in oil futures on Hyperliquid.
XRP tumbles 9% as break below $1.36 wipes out relief rally
XRP experienced a significant 9.1% price drop, breaking below the crucial $1.36 support level on heavy volume. This technical breakdown signals increased selling pressure, with traders now watching $1.30 as immediate support. A failure to hold this level could lead to further declines towards $1.20-$1.22.
Bitcoin's five-month slide: Why BTC is set for worst losing streak since 2018
Bitcoin is on track for its worst monthly losing streak since 2018, with five consecutive monthly declines and a year-to-date drop of over 25%. Analysts debate whether this represents early repricing within a structural shift or signals further downside. Despite underperforming equities and gold, some see divergence as a structurally bullish signal if BTC begins trading more like a sovereign hedge.
Bitcoin sets up potential short squeeze as funding plunges to -6%
Bitcoin's funding rates have plunged to -6%, indicating a heavily shorted market. Combined with rising open interest and significant long liquidations, this suggests crowded bearish positioning. This setup creates the potential for a short squeeze if prices begin to rise, as short-sellers may be forced to cover their positions. Traders should monitor Bitcoin's price action for signs of upward momentum that could trigger such a squeeze.
Bitcoin could see further downside risks as Iran attacks U.S. bases across Middle East
Bitcoin faces potential downside risks as geopolitical tensions escalate in the Middle East following Iran's attacks on U.S. bases and Gulf allies. The situation is more severe than previous escalations, increasing the likelihood of broader conflict and a surge in oil prices, which historically correlates with risk-off sentiment in BTC. Traditional markets reopening on Monday will be a key test for Bitcoin's support levels.
Oil-linked futures on Hyperliquid surge 5% after U.S.-Israel strike on Iran
Oil-linked futures on Hyperliquid's HIP-3 experienced a significant surge, climbing over 5% following coordinated U.S. and Israeli strikes on Iran. This geopolitical event reignited fears of potential oil supply disruptions, especially given Iran's control over the Strait of Hormuz. The increased volatility also saw gold and silver contracts rise, indicating a flight to safe-haven assets.
Bitcoin slides under $64,000 as U.S. and Israel launch strikes on Iran
Bitcoin experienced a sharp decline below $64,000 following U.S. and Israeli military strikes on Iran. This sell-off aligns with a historical pattern where Bitcoin acts as a weekend "pressure valve" for risk assets due to its 24/7 trading, absorbing geopolitical shock selling before potential recovery. The event highlights Bitcoin's sensitivity to global macro events and its role as a liquid exit point during off-market hours.
Bitcoin slides to $65,000 in weekend sell-off, with solana, XRP, dogecoin down 6%
Bitcoin experienced a significant weekend sell-off, dropping to $65,735, with major altcoins like Solana, XRP, and Dogecoin down around 6%. This pullback erased most of the week's gains, driven by a broader risk-off sentiment in traditional markets, influenced by hot producer-price data and Nvidia's decline. Despite strong institutional inflows into Bitcoin ETFs this week, macro headwinds are currently outweighing positive on-chain signals.
