Centibillionaire Elon Musk has given a fresh nod to Bitcoin, reposting the animated version of the famous “Magic Internet Money” meme. The clip, which was originally posted by the official X account of cryptocurrency exchange Coinbase, was recently created with the help o of of the Grok Imagine tool, which makes it possible to turn
A significant development is reshaping the European financial sector. The European Banking Authority (EBA) has finalized a groundbreaking decision, imposing a colossal EBA crypto capital charge on banks. This move will fundamentally alter how EU financial institutions approach their exposure to unbacked digital assets like Bitcoin and Ether, signaling a new era for crypto regulation
United States President Donald Trump has signed an executive order that will allow Americans to add digital assets like Bitcoin and Ethereum to their 401(k)s, which are retirement accounts. While this development caused a rise in the cryptocurrency markets, analysts say that this could open the door to a long-term rally. Tom Dunleavy, Head of
Bitcoin is close to revisiting last week’s highs after U.S. President Donald Trump’s pro-crypto announcements on Thursday. Up 3% from this week’s open, Bitcoin is trading close to $117,000, CoinGecko data shows. The spurt in buying pressure follows Trump’s executive orders to include crypto in 401(K)s and prohibit the debanking of crypto-related initiatives. The
Block Inc., led by Jack Dorsey, lifted its full-year gross profit outlook after delivering a stronger-than-expected second quarter. The jump was powered by Cash App’s lending growth and steady payment volumes across its platforms. The company had previously forecast $9.96 billion in gross profit for 2025. News of the appointment caused Block shares to rise
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Manufacturers of bitcoin BTC$116,830.25 mining equipment won’t be feeling the pinch
Following a brief dip to $112,200, Bitcoin (BTC) has recovered slightly, trading around the $116,300 level at the time of writing. While concerns remain about BTC’s inability to decisively break the $120,000 resistance level, on-chain data suggests the asset may be in an accumulation phase – potentially gearing up for its next breakout toward a
Bitcoin has shaken off the prior week’s market jitters to regain a foothold near $117,500, following President Donald Trump’s surprise pick of economist Stephen Miran for the Federal Reserve Board. In a statement Thursday on Truth Social, Trump said Miran, who currently serves as chairman of the Council of Economic Advisors and a known Bitcoin
Warren Buffett has reduced Berkshire Hathaway’s stake in short-term Treasury bills by tens of billions of dollars and is doubling down on one broadcasting company’s stock. New SEC filings show Buffett’s short-term Treasury bill holdings declined by $42.867 billion at the close of the second quarter of the year when compared to December 2024, with