Market News
Check out the news cycle for the past 24 hours and see what’s moving the market today!
Ethena Labs, Securitize unveil ‘Converge’ network roadmap
Ethena Labs, the developer of the USDe synthetic dollar (USDe), and financial technology company Securitize, released a preliminary roadmap for their upcoming Converge network, a high-throughput blockchain focused on real-world assets and…
Galaxy proposes consensus method to address Solana inflation debate
Galaxy Research has submitted a new proposal to the Solana (SOL) community to reform the network's inflation governance discussion through a method called Multiple Election Stake-Weight Aggregation (MESA), according to a filing published on…
Binance confirms advisory role in state-backed Bitcoin reserve initiatives
The world's largest crypto exchange, Binance, is reportedly engaging several countries in a plan to create a strategic Bitcoin reserve. According to The Financial Times, the exchange CEO, Richard Teng, disclosed this in a recent interview.
SEC Sting Bars UAE Crypto Market Maker CLS Global for 98% Wash Trades, $425K Fine
UAE-based crypto market maker CLS Global faced SEC enforcement action after regulators determined that 98% of its trading volume consisted of wash trades designed to create artificial market activity. The regulatory investigation concluded…
a16z Crypto acquires $55M in LayerZero’s ZRO tokens with 3-year lock
Venture capital firm a16z Crypto has acquired an additional $55 million worth of LayerZero's native token, ZRO, according to an announcement on X.
Putting a bow on the DeFi broker rule saga
The DeFi broker rule saga is behind us. It only took 3+ years.
CEX Spot Volumes Slide to $5.4 Trillion in Q1 Amid Crypto Market Pullback
Spot trading volume across the top ten centralized exchanges (CEXs) hit $5.4 trillion in Q1 2025, a 16.3% decline from the previous quarter, as crypto market momentum cooled following a euphoric end to 2024. Top Crypto Exchanges See 16%…
Canada in the Crypto Race
Canadian Web3 Council Executive Director Morva Rohani joins CoinDesk to discuss the significance of Consensus 2025 being held in Toronto and the outlook on Canada's digital asset ecosystem. - This content should not be construed or relied…
4 reasons why Bitcoin price could rally to $90K in April
Key points: Monetary stimulus in China and Europe increases investors' focus on Bitcoin price. The US Federal Reserve is under political pressure to cut rates, as the DXY weakens.