CoinDesk Weekly Recap: Bitcoin Holds Steady Amid Market Turmoil
The markets are terrible but the crypto industry continues building for the future.
Keep up with what's happening in the crypto world in real-time.
The markets are terrible but the crypto industry continues building for the future.
The peer-to-peer app is bringing stablecoin payments into the QR code economy.
Ripple, the blockchain-based payments firm behind XRP (CRYPTO: XRP), is raising fresh concerns over the UK's sluggish approach to crypto regulation, arguing that it's leaving British banks unwilling to engage with digital assets. What Happened: At a policy summit held in London, Cassie Craddock, Ripple's Managing Director for the UK and Europe, said that the country's banking institutions remain hesitant to adopt Ripple's services due to lingering uncertainty around crypto laws.
TRON founder Justin Sun has announced a $50 million bounty program to expose the alleged $500 million embezzlement by First Digital Trust (FDT), the issuer of the FDUSD stablecoin. In an April 4 statement on social media, Sun revealed that the bounty represents roughly 10% of the stolen funds.
Researchers used machine learning to detect the malware targeting users of bitcoinlib.
The U.S. Bureau of Labor Statistics published its latest jobs data on Friday morning, revealing a March hiring increase of 228,000 jobs. US Job Market Booms but Bitcoin Fails to React Strong hiring numbers published on Friday by the U.S.
Solana and Ethereum lead crypto's recovery narrative despite double-digit weekly losses amid Trump's tariff turmoil.
TL;DR Stablecoin supply increased by more than $30 billion in the first quarter of 2025, reaching a new all-time high despite the broader crypto market downturn. Ethereum recorded over $3 trillion in stablecoin transactions and reached a historic milestone in active stablecoin addresses, even as ETH's price dropped 45%.
Sui price remains in a bear market, crashing nearly 60% from its January peak. Sui (SUI), a fast-growing layer-1 blockchain, was trading at $2.66 on Friday, giving it a market capitalization of over $7.35 billion.
Wall Street is reeling from Beijing's tariff response, but Bitcoin was holding steady above the $80,000 mark.
Leading on-chain metrics and price prediction firm CoinCodex has published a bullish forecast for Shiba Inu (SHIB) in April 2025. According to their machine learning algorithm, the popular meme coin could experience a notable price surge in the coming days.
Malta's Financial Intelligence Analysis Unit has ordered OKX to pay a fine of €1.1 million for failing to comply with the nation's Anti-Money Laundering standards.
The startup is building a blockchain geared for stablecoins on Optimism in a bid to boost enterprise use cases.
Despite strong token burns, Shiba Inu (CRYPTO: SHIB) is down 10% over past seven days. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001222 $7.2 billion +0.8% -8.1% Dogecoin (CRYPTO: DOGE) $0.1672 $24.9 billion +6.2% -6.7% Pepe (CRYPTO: PEPE) $0.057041 $2.96 billion +7.7% -8.5% Trader Notes: Crypto trader Bicoinmoney highlighted in an analysis on TradingView that SHIB is trading inside a descending channel, capped by a major downward trendline.
According to a recent report by Binance Research, Bitcoin could undergo a major transformation, evolving from a mere store of value to a true productive asset. This shift is driven by the rapid expansion of decentralized finance based on Bitcoin (BTCFi), whose total value locked has surged by over 2,700% in one year.
Analysts say Bitcoin (BTC) price could drop to $70,000 within the next ten days as one BTC pricing model suggests that the US-led trade war could upend investors' risk-asset sentiment.In his latest X analysis, network economist Timothy Peterson warned that Bitcoin may return to its 2021-era all-time high. $70,000 is Bitcoin's “practical bottom” Bitcoin price expectations continue to deteriorate as the impact of “higher than expected” US trade tariffs hits home.
It's been a tumultuous start to April, as global markets experienced significant downturns, with U.S. equities and cryptocurrencies reacting to escalating trade tensions. The U.S. stock market has shed a staggering $9.
For ATOM to continue with the uptrend, it needed to break and stay above the key level at $5.
Bitcoin (BTC) and Ethereum (ETH) are both rising by 1.2% and 1% respectively in the past 24 hours despite a wave of potentially bearish news.
Bitcoin sheds gains after China announced 34% retaliatory tariffs on U.S. imports and U.S. stocks extended losses after the Nasdaq suffered its worst day in 25 years. Plus, Binance co-founder CZ will advise Kyrgyzstan on blockchain tech.
There are few things that are forever on the crypto market, but at least the battle between two major stablecoins USDT and USDC, and their issuing companies Tether and CIrcle, is here to stay for a while.
The precious metal initially rallied after Trump unveiled reciprocal tariffs, but has since joined the wider market sell-off.
Latest crypto news: the crypto market faces renewed turbulence as Bitcoin dips below $85,000, Ethereum drops under $1,800, and XRP experiences a short-lived spike.
Michael Saylor told Dave Portnoy that bitcoin only mimics stocks short term because traders dump the most liquid assets first—masking its true long-term independence.