Tether USDT$0.9997, the issuer of the world’s largest stablecoin, said on Friday its net profits surpassed $10 billion for this year as its flagship token swelled to a $174 billion market cap in the third quarter of 2025. According to the firm’s latest attestation signed by accounting firm BDO Italy, the company ended the quarter
Coinbase’s (COIN) expectations-busting third-quarter earnings report drew a range of responses from Wall Street analysts, highlighting sharp differences in expectations for the crypto exchange’s long-term growth and ability to manage costs. The company posted $1.05 billion in transaction revenue and $801 million in adjusted Ebitda, both ahead of consensus estimates. Analysts across the board agreed
Investment bank Macquarie upgraded Core Scientific (CORZ) to outperform from neutral and hiked its price target on the stock nearly 90% to $34 from $18 following the collapse of the CoreWeave (CRWV) deal. The failed merger between Core Scientific and CoreWeave came as no surprise after reports and proxy recommendations pointed to shareholder opposition, analysts
If it’s possible for a central bank to cut rates and still be hawkish, the U.S. Federal Reserve accomplished that this week. In his post-meeting press conference Wednesday, Fed Chairman Jerome Powell hit markets with an unexpected broadside, insisting that a December rate cut was far from a done deal. The reaction was swift, with
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3627.75, up 4.0% (+138.28) since 4 p.m. ET on Thursday. All 20 assets are trading higher. Leaders: FIL (+7.3%) and SUI (+6.6%). Laggards: UNI (+1.5%) and BTC (+3.1%). The
At Jensen Huang’s recent appearance in Seoul, attendees waved smartphones showing stock tickers for Nvidia and Samsung rather than crypto charts. Meanwhile, trading volumes on Upbit, South Korea’s largest crypto exchange, have declined by 12.8% recently, indicating a notable shift in retail investor sentiment. Korean Retail Market Rotates From Crypto to AI-Linked Equities South Korea
GoDark, an institutional dark pool purpose-built for digital assets and backed by crypto custody and trading specialists like Copper and GSR, is unveiling a new service designed to execute large orders without tipping a hand to the market. As well as GSR and Copper, the offering comes out the gates with heavyweight backing in the
Michael Saylor’s bitcoin BTC$110,438.42 treasury company Strategy (MSTR) is exploring credit securities opportunities in international jurisdictions as part of its goal to become the dominant global credit issuer. “We are also actively laying the groundwork for credit securities in international jurisdictions, positioning Strategy to become a dominant credit issuer globally”, said Phong Le, president and
On October 30, both U.S. spot ETFs continued their two-day streak of sell-offs. Bitcoin ETFs recorded $488.43 million in outflows, while Ethereum ETFs recorded $184.31 million. Neither of the funds recorded any gains for the day, as per SoSoValue data. Bitcoin ETFs Breakdown Bitcoin ETFs saw a combined $488.43 million in inflows, with BlackRock reporting
Nakamoto Holding’s share price has plunged more than 98% from its all-time high in May. The drop stemmed from its $563 million private investment in public equity (PIPE) deals, which triggered heavy selling by investors. The Bitcoin treasury firm’s financing model sold heavily discounted shares to private investors to fund Bitcoin purchases, which massively diluted