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Live Wire

Today

Former President Donald Trump praised crypto again while Vice President Kamala Harris' campaign seemed to mock the comments. (Mornings With Maria, Fox Business)
Policy

As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks

Former President Donald Trump shared some more thoughts on his recent crypto crush, and the campaign for Kamala Harris responded as it often has: It shared Trump's own words....

August 2, 2024

Wall Street analysts characterized Coinbase’s second-quarter earnings as ‘solid’, given the industry's downtick in trading volume - the exchange’s biggest source of income historically. (PiggyBank/Unsplash)
Markets

Coinbase's 'Solid' Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say

The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.

August 2, 2024

MicroStrategy executive chairman and co-founder Michael Saylor. (Danny Nelson/CoinDesk)
Finance

MicroStrategy Bull Doubles Down on The Stock by Raising Price Target to Wall Street High

The broker raised its year-end price target for the software company to $2,150 from $1,875.

August 2, 2024

(Pourya Gohari / Unsplash)
Policy

France Opens for MiCA Applications, First Among Biggest EU Economies

The French regulator has in the past welcomed crypto companies to register with it.

August 2, 2024

Risk assets slump across the board on Friday (Michael Nagle/Bloomberg via Getty Images)
Markets

Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood

Likely also hitting prices was the movement of nearly $2 billion of BTC and ETH in wallets linked with Genesis Trading.

August 2, 2024

Morgan Stanley will start offering wealthy clients the opportunity to invest in selected bitcoin ETFs. (Shutterstock)
Finance

Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC

The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.

August 2, 2024

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)
Technology

Protocol Village: Arthur Hayes Releases NFT Collection 'Airheads' on Bitcoin Ordinals

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7.

August 2, 2024

CoinDesk 20 leaders (CoinDesk Indices)
Markets

CoinDesk 20 Performance Update: Index Gains 1.2% With BCH and ETC Leading

Bitcoin cash rose 3% and Ethereum classic added 2.5%.

August 2, 2024

The U.S. jobs report for July was released Friday morning (Tim Mossholder/Unsplash, modified by CoinDesk)
Markets

U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%

The price of bitcoin initially showed little reaction to the soft data even as traders quickly amped up bets on big Fed rate cuts in the second half of the year.

August 2, 2024

Bybit withdraws from France (Mantas Hesthaven / Unsplash)
Policy

Crypto Exchange Bybit Withdraws From France in Response to Regulations

"It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations," the company said in its post.

August 2, 2024

BTC price, FMA Aug 2 2024 (CoinDesk)
Markets

First Mover Americas: BTC Warnings Finger Drop to $55K

The latest price moves in crypto markets in context for Aug. 2, 2024.

August 2, 2024

(Unsplash)
Markets

Kujira Foundation's Tokens Stung by Its Own Leveraged Positions as Bets Backfire

The developers said the team’s positions were “targeted” and they will create an operational DAO to take ownership of the Kujira Treasury and core protocols.

August 2, 2024

(David McNew/Getty Images)
Markets

Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says

A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.

August 2, 2024

Kamala Harris.  (Megan Varner/Getty Images)
Policy

Kamala Harris Can't Cede Crypto to Trump, Could be Difference in Battleground States: Think Tank

"Kamala Harris must lay out her own agenda for cryptoassets or she risks ceding the ground entirely to the Republicans," said the commentary from OMFIF’s Digital Monetary Inst...

August 2, 2024

Cathie Wood, CEO of ARK Invest, at Consensus 2024 (Shutterstock/CoinDesk)
Markets

ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange's Earnings Report

Coinbase revenue beat Wall Street analysts' expectations, while profit came in lower than the consensus.

August 2, 2024

(Dan Freeman/Unsplash)
Finance

Hong Kong's Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report

For the moment, only bitcoin and ether can be traded, while the company works on "expanding our crypto offerings in the near future."

August 2, 2024

(WOKANDAPIX/Pixabay)
Markets

Bitcoin Risk-Reward Remains Compelling Even After Price Surges 100% in a Year

Long-term holders are motivated to hold at bitcoin's going market rate, implying an attractive risk-reward for existing or potential investors, according to the "reserve risk"...

August 2, 2024

(CoinDesk Indices)
Markets

Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos

Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market.

August 2, 2024

New Delhi, India (Unsplash)
Policy

Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors

The study was conducted to assess how savvy investors are engaging with traditional finance, crypto and stablecoins in their investment portfolios.

August 2, 2024

Former President and 2024 Republican presidential candidate Donald Trump (Jon Cherry/Getty Images)
Policy

Bitcoin as a Strategic Reserve

Both former President Donald Trump and Sen. Cynthia Lummis proposed the U.S. hold its bitcoin.

August 2, 2024