April—a month marked by extreme market volatility—saw intensifying U.S.-China tensions and a broad selloff in global markets that led to panic selling of almost all asset classes. Amid the chaos, one of the most improbable winners emerged from the strange depth of
Bitcoin (BTC) rose over 1.5% to $84,900 Saturday, looking to break a three-month downtrend after the Trump administration issued new guidance on reciprocal tariffs, listing several exemptions like smartphones, computers, chips and other electronics. These exclusions published by the U.S. Customs and
Late Friday, attorneys with the U.S. Securities and Exchange Commission and Binance filed a joint status report asking a federal judge to continue a 60-day pause in the case for another 60 days. You’re reading State of Crypto, a CoinDesk newsletter looking
The idea of “safe haven” assets—traditionally marked by gold and government bonds—amid market turmoil, is being tested like never before. For decades, portfolio construction and risk management were simple: 60% equities, 40% bonds and when markets panicked, capital typically flowed into gold
A New York judge ruled Friday that the majority of New York Attorney General Letitia James’ civil securities fraud suit against crypto venture firm Digital Currency Group (DCG) and two of its executives can proceed to trial. In 2023, James sued James
Attorneys for the U.S. Securities and Exchange Commission and Binance asked a federal judge on Friday to continue a pause in the regulator’s case against the crypto exchange for another two months, citing “productive discussions.” The SEC sued Binance in 2023, alleging
Tariffs, tariffs, tariffs. Trump’s on-again, off-again import levies dominated the week. At the beginning, tariffs sent stocks and crypto appreciably lower. By the end, with all new non-China tariffs paused for 90 days, markets were up again. Bitcoin returned to a level
WASHINGTON, D.C. — The U.S. Securities and Exchange Commission could consider a short-term crypto oversight framework to allow firms to keep innovating while the agency works out a more permanent answer to digital assets regulation, interim Chairman Mark Uyeda suggested during a
Traditional U.S. assets are going haywire as U.S.-China trade tensions continue to rattle global markets, now coupled with fresh data of tumbling sentiment towards the U.S. economy and mounting inflation concerns. The most recent University of Michigan survey, published on Friday, found
When the U.S. government sanctioned the Ethereum-based crypto mixing service Tornado Cash in 2022, it ignited a debate within the crypto community that continues three years later. Tornado enabled users to transfer crypto anonymously. The government contended that the service facilitated money