Avalanche, the layer-1 blockchain that is upgrading its technology platform, has raised $250 million in a token sale led by Galaxy Digital, Dragonfly and ParaFi Capital. More than 40 investment firms participated in the deal. The sale follows the project’s Avalanche9000 upgrade <a href=”https://www.coindesk.com/tech/2024/11/25/avalanche-blockchains-largest-ever-upgrade-goes-live-on-testnet” target=”_blank”>went live in a testnet environment</a>. The overhaul aims to make […]

Solana Foundation’s former stablecoin lead Anna Yuan has left the mothership to build her own startup catering to the fast-growing crypto subsector. The company building Perena, a stablecoin trading infrastructure project, raised “around $3 million” in a pre-seed funding round led by Borderless Capital, Yuan told CoinDesk in an interview last month. Perena isn’t solely

<a href=”https://www.coindesk.com/indices/” target=”_blank”>CoinDesk Indices</a> presents its daily market update, highlighting the performance of leaders and laggards in the <a href=”https://www.coindesk.com/indices/cd20/” target=”_blank”>CoinDesk 20 Index</a>. The CoinDesk 20 is currently trading at 3895.67, up 1.7% (+65.05) since 4 pm on Wednesday. Seventeen of 20 assets are trading higher. Leaders: LINK (+15.9%) and UNI (+8.6%). Laggards: HBAR (-0.4%)

This is the second in a series of stories examining the crypto industry’s high-stakes 2024 foray into politics and campaigning. The first explored the <a href=”https://www.coindesk.com/news-analysis/2024/12/02/crypto-cash-fueled-53-members-of-the-next-u-s-congress” target=”_blank”>electoral track record</a> of Fairshake PAC’s strategy. While politicians battled each other across the 2024 U.S. electoral map, the crypto industry ran an unprecedented test of a 14-year-old Supreme

Investor demand, onchain metrics and network activity are setting up ether (ETH) to reach a $5,000 level for the first time, CryptoQuant analysts said in a report. Ether spot ETFs posted a 13-day inflow streak on Wednesday to reach nearly $2 billion in cumulative net inflows. The funds attracted their first billion from July to

By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is looking to maintain the <a href=”https://www.coindesk.com/markets/2024/12/11/bitcoin-crosses-above-101-k-as-xrp-ai-tokens-lead-crypto-rally” target=”_blank”>bullish momentum ignited by</a> Wednesday’s U.S. CPI report, which matched estimates and cleared the path for another <a href=”https://finance.yahoo.com/news/a-cautious-fed-on-track-for-one-last-2024-cut-followed-by-a-slowing-down-in-2025-144848267.html” target=”_blank”>Federal Reserve rate cut next week</a>. BTC has retaken $100,000 and ether is again eyeing $4,000. A

Bitcoin (BTC), the largest cryptocurrency by market capitalization, is fighting a big milestone trying to sustain a $2 trillion market cap and a $100,000 price. Once bitcoin has conclusively overcome these milestones, there may be clear skies ahead. Bitcoin has rallied over $30,000, since Donald Trump won the U.S. election in November, which coincided with

Shares of bitcoin miner Hut 8 (HUT) <a href=”https://finance.yahoo.com/quote/HUT/” target=”_blank”>jumped nearly 12%</a> in pre-market trading amid social media speculation that it is building a data center with Facebook owner Meta Platforms (META). The shares climbed to just under $30 as of 10:00 UTC. The <a href=”https://finance.yahoo.com/quote/WGMI/” target=”_blank”>CoinShares Valkyrie Bitcoin Miners ETF</a> (WGMI), which offers broad

Bitcoin (BTC) traders could be in for another thrilling ride. A key technical indicator that presaged November’s price surge is positioned precisely as it was then, signaling a potential volatility explosion ahead. That indicator is the Bollinger bandwidth, a tool used to gauge impending changes in market jumpiness. For bitcoin, the bandwidth has narrowed to

The Pudgy Penguins NFT collection is keeping Web3 hopes afloat in a sea of dead NFT projects and a generally muted collectibles market. The <a href=”https://www.coindesk.com/learn/what-are-nfts-and-how-do-they-work/ ” target=”_blank”>non-fungible token</a> set became the world’s second <a href=”https://nftpricefloor.com/?temp=7d” target=”_blank”>most-valued</a> NFTs on Wednesday, with the minimum — or floor — price for any of the 8,888 comic penguins