As U.S. senators prepared to gather for a hearing about U.S. debanking of crypto clients, the interim chief of the Federal Deposit Insurance Corp. said his agency is overhauling its digital assets supervision and revealed more correspondence on Wednesday in which FDIC officials steered banks away from cryptocurrency business. Travis Hill, the acting FDIC chairman […]

Gold-backed cryptocurrencies are outperforming the wider market amid a historic rally for the precious metal, which is up around 9.7% so far this year to a new record of $2,880 per ounce amid growing trade war tensions. PAX gold (PAXG) and Tether gold (XAUT) have benefitted greatly from the precious metal’s rise, both rising roughly

The price of bitcoin (BTC) could balloon to $500,000 by 2028, lifted by increased investor access and diminishing volatility that will help keep it serving as a unique hedge against issues plaguing traditional finance, according to Standard Chartered. The largest cryptocurrency is likely to become less volatile as the year-old U.S. exchange-traded fund (ETF) market

For decades, corporate treasuries have relied on cash, bonds and short-term investments to preserve capital. But inflation, devaluing fiat currencies and near-zero interest rates have challenged this approach. A new dark horse is emerging and corporate finance is about to change forever. BTC as a corporate reserve asset Historically, corporations have kept substantial cash reserves

Bitcoin (BTC) tumbled over the weekend, sinking well below the $100K mark as markets reacted to the latest escalation in the U.S. trade disputes. The broader digital asset market followed suit, leading to one of the most significant sell-offs since the outbreak of Covid and the collapse of FTX. Specifically, President Donald Trump announced sweeping

Two venture-backed veterans of crypto’s data storage subsector, Textile and 3Box Labs, the builder of Ceramic, have merged in an all-stock deal, CoinDesk has learned. The companies will operate under Textile’s brand and retain their staff and data infrastructure- focused product lines. Textile CEO Andrew Hill will head the merged organization. Self-described “friendly competitors,” Textile

The governance foundation for decentralized artificial intelligence (AI) ecosystem 0G has unveiled an $88 million fund for the creation of AI applications. The 0G Foundation is seeking submissions from teams developing decentralized finance (DeFi), on-chain data marketplaces for secure data sharing, AI-driven gaming and social applications, according to an emailed announcement Wednesday. The fund is

“Debanking” has become a buzzword in Washington lately. The term refers to a controversial practice where crypto companies and other businesses have been cut off from banking services, allegedly due to pressure from federal regulators. Many in our industry have dubbed this “Operation Chokepoint 2.0,” comparing it to a previous Obama-era initiative that discouraged banks

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3310.92, up 0.2% (+5.24) since 4 p.m. ET on Tuesday. Fourteen of 20 assets are trading higher. Leaders: AAVE (+6.9%) and LTC (+3.7%). Laggards: XRP (-1.2%) and SUI (-1.2%).

The average withdrawal price of bitcoin (BTC) from exchanges in 2025 currently stands at $100,356. At present, bitcoin is trading just below this level, hovering around $98,000. The concern arises when bitcoin falls below the average withdrawal price for a sustained period of time, as this can often trigger continued selling and more downward price