Author: driver789

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 2148.63, down 0.9% (-20.59) since 4 p.m. ET on Monday.One of 20 assets are trading higher.Leaders: NEAR (+0.4%) and CRO (+0.0%).Laggards: UNI (-4.1%) and SUI (-4.0%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Michael Nadeau, founder of The DeFi Report, says he remains bullish on Hyperliquid over the long run, but argues the latest move in HYPE looks mistimed. In a post on X, he said the market is leaning too hard into the bullish narrative just as on-chain activity and positioning data begin to soften. Nadeau’s central point is not that Hyperliquid is broken. It is that the recent strength in HYPE may have outrun what the underlying data currently supports. “I’m a fan of both @Globalflows and HYPE, but think he’s early here,” Nadeau wrote. He added that HYPE had “been…

Cari Network, a permissioned network for banks led by former United States Comptroller of the Currency Gene Ludwig, has chosen Matter Labs’ Prividium infrastructure to power a bank-governed tokenized deposit network for US regional and mid-sized lenders. Built on ZKsync and anchored to Ethereum, the platform is designed to let participating banks issue and move tokenized deposits around the clock while keeping them on the balance sheet as bank liabilities, according to a Tuesday release shared with Cointelegraph.The move comes as lawmakers debate frameworks such as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act and as stablecoin issuers…

South Korea’s Financial Intelligence Unit (FIU) has fined cryptocurrency exchange Bithumb 36.8 billion won ($24.6 million) and ordered a six-month partial suspension of new-user services after uncovering millions of anti-money laundering (AML) violations, according to local reporting. The FIU’s investigation found roughly 6.65 million breaches of the country’s AML and customer verification rules. About 3.55 million involved failures to verify customer identities, while 3.04 million cases concerned transactions that should have been blocked but were allowed.  Authorities also identified 45,772 transactions with 18 unregistered overseas exchanges. The sanctions, part of ongoing regulatory oversight of South Korea’s top crypto platforms, include…

Traditional finance is undergoing restructuring due to the growing corporate interest in tokenization, with the shift of stocks to blockchain altering the very logic of markets. In March, major stock exchanges NYSE and Nasdaq embraced the trend. IT Director of the crypto company ReserveOne, Sebastian Pedro Bea, believes that the new market is being shaped by two groups of platforms. American platforms like Securitize, Superstate, and Figure are creating infrastructure for issuing Fortune 500 company securities directly on a distributed ledger. This automates and simplifies dividend payments, shareholder voting, and settlements. Offshore players like Kraken and Ondo offer a different…

South Korea’s National Police Agency (KNPA) has reportedly drafted new guidelines for handling seized cryptocurrencies, including privacy-focused assets, as authorities move to standardize how digital asset evidence is stored and managed.According to a report by local media outlet Asiae, the KNPA completed a draft directive outlining compliance requirements at each stage of crypto seizure. The directive includes measures for managing software wallets needed to handle crypto assets and privacy-focused tokens. A police spokesperson told Asiae that as investigative paradigms change, field investigators need systematic guidelines along with appropriate support. “In the past, seized assets were stored in warehouses. Now we must…

Ethereum price rallied to a six-week high of $2377.64 on Tuesday as institutional investors continue to accumulate the asset. Summary Ethereum price climbed to a six-week high near $2,377 as institutional accumulation and continued spot ETF inflows supported bullish momentum. Tom Lee’s treasury firm Bitmine purchased nearly 61,000 ETH over the past week, lifting its total holdings to roughly 4.6 million ETH. A short squeeze above $2,300 triggered liquidations of clustered bearish positions, adding momentum to the rally. According to data from crypto.news, Ethereum (ETH) price rose 6% to hit $2,377.64 on March 17, its highest level since the beginning…

XRP just reclaimed a ranking it hasn’t held in weeks, and the derivatives market suggests traders are positioning for more.The token surged to $1.53 on Tuesday, up 11% on the week, overtaking BNB to become the fourth-largest cryptocurrency by market cap at $93.4 billion. The move broke through $1.40 resistance, per CoinDesk analytics, with trading volume exploding 125% to $3.22 billion.Coinglass data shows XRP open interest on Binance has climbed to 353.49 million XRP as of March 17, up from 222.79 million on Oct. 24, 2025, when XRP was trading at $2.39. That’s a 59% increase in open interest while…

Circle, the firm behind the widely-used stablecoin USDC, has seen its stock, trading under the ticker CRCL, rise above $123 for the first time since October of last year.  This surge was accompanied by a new upgrade from Clear Street, which upgraded Circle’s stock from a “Hold” to a “Buy” and raised its price target from $92 to $136 in a research note released on Monday. USDC Adoption Soars Amid Increased Demand Since the beginning of February, adoption of Circle’s USDC stablecoin has increased significantly, indicating a growing interest from financial institutions and consumers in stablecoins.  This uptick contributed to…

Bitcoin Magazine has confirmed that Eric Trump will take the stage at the upcoming Bitcoin 2026 conference, adding another high-profile voice to the event’s growing lineup.  The businessman and increasingly vocal bitcoin advocate has emerged over the past year as one of the most prominent political-adjacent supporters of the asset, repeatedly arguing that Bitcoin represents both a financial revolution and a strategic opportunity for the United States. Trump’s presence at the conference comes amid his expanding involvement in the Bitcoin ecosystem, including his role as co-founder and chief strategy officer of American Bitcoin, a mining and treasury company focused on…