More than half of cryptocurrency investors don’t understand the fundamental concept of taxability when it comes to their digital asset holdings, according to a survey by the U.S.-listed crypto exchange Coinbase (COIN) and Cointracker, a crypto tax and portfolio tracking platform. The 2026 Crypto Tax Readiness Report found that only 49% correctly understand that crypto…
A trader pulled off a nearly 100x return on decentralized betting platform Polymarket in less than a minute, thanks to a blunder by a UFC announcer. In Sunday’s UFC heavyweight bout, Tyrell Fortune beat Marcin Tybura to secure his first UFC victory. But the event was not without drama. Cage announcer Bruce Buffer initially read…
The final week of March is shaping up to be a volatile one, with the FTX Recovery Trust set to distribute $2.2 billion to creditors on Tuesday and the key U.S. monthly nonfarm payrolls statistic due Friday, when many equity markets worldwide will be closed for Good Friday. The war in the Middle East, now…
The bitcoin BTC$67,264.05 market has been stuck in a rut for over a month, and investors chasing yields may be partly to blame. Since mid-February, BTC has traded in a range centred on $70,000. Some observers say counteracting forces have been at play. The Iran war-led haven demand has been supporting BTC around $65,000, while…
The war just got bigger. Bitcoin briefly got smaller. Bitcoin dipped to $65,112 early Monday morning, its lowest level since the February crash, before recovering to $67,402 as Asian markets opened. The 24-hour range of $65,112 to $67,389 reflects a market that sold hard on overnight escalation headlines and found buyers near $65,000, a level…
A “180” hardly does justice to the recent shift in market expectations regarding central bank monetary policy. Expecting multiple Federal Reserve rate cuts in 2026 just weeks ago, markets have seriously begun to price in rate hikes this year. Current pricing on CME FedWatch Tool shows nearly a 30% chance that the fed funds rate…
Yes, you read the title right. The number of bullish bitcoin BTC$66,691.25 wagers, the so-called BTC/USD long positions, on the OG exchange Bitfinex has hit multi-month highs. But, bulls, hold your cheers, as this metric has become a textbook “contrary indicator” over the years, with upswings characterizing bitcoin’s price downtrends. Highest since 2023 The number…
Industry representatives saw the crypto market structure bill’s proposed yield language on March 23 and 24. The internet — at least X (formerly Twitter) — was unhappy, but it may not matter much. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for…
Strategy (MSTR), the largest publicly traded holder of bitcoin, did not seem to have increased its BTC position last week. Executive Chairman Michael Saylor usually signals upcoming purchases on X each Sunday, followed by a detailed update around 8 a.m. ET on Monday. There was no customary Sunday “Orange Dot” post to signal a purchase….
When a tourist from Bangkok taps to pay in Singapore using their Thai e-wallet, few stop to consider what powers that transaction. But for Singapore-based StraitsX, the company behind the stablecoin infrastructure running in the background, that seamless experience is exactly the point. Between the fourth quarter of 2024 and the same period in 2025,…