Bitcoin BTC$91,304.93 and most other digital assets headed lower in U.S. trading on Wednesday, extending overnight losses. At press time, bitcoin was down 3% over the past 24 hours at $91,100. The CoinDesk 20 Index, which tracks the top 20 crypto assets, is trading nearly 4% lower over the same period, led by XRP, which
Key Takeaways Ripple sees no rush for an IPO despite a massive $40 billion valuation. Monica Long emphasizes a strong balance sheet and backing from major strategic investors such as Citadel and Fortress. Ripple President Monica Long reiterated that the company is under no pressure to go public following a $500 million raise that pushed
Key Takeaways JPMorgan and Digital Asset collaborate to launch JPM Coin on the Canton Network. JPM Coin is a USD-denominated deposit token designed for institutional finance. Digital Asset and Kinexys by J.P. Morgan have announced their intent to issue JPM Coin on the Canton Network. Launched on Base in late 2025, JPM Coin (ticker: JPMD)
China, known for its strict bans on Bitcoin (BTC) and cryptocurrencies, is experiencing another crypto crisis. According to the Financial Times, China’s Ministry of Commerce is investigating Meta’s $2 billion acquisition of the AI platform Manus. The reason for this investigation is said to be the company founder’s investment in Bitcoin. Accordingly, Meta’s acquisition of
While Bitcoin and altcoins are starting 2026 with a recovery, some altcoins are standing out from the market with their rise. One of these altcoins, Ripple’s native token XRP, was named “the year’s hottest cryptocurrency” by CNBC after experiencing a 20% increase in the first week of the new year. Brian Sullivan, host of CNBC’s
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 2993.52, down 0.5% (-15.41) since 4 p.m. ET on Tuesday. Three of 20 assets are trading higher. Leaders: SUI (+1.1%) and POL (+0.8%). Laggards: UNI (-1.5%) and HBAR (-1.4%).
Tony Volpon, a former director at the Central Bank of Brazil, unveiled BRD, a yield-sharing stablecoin tied to the Brazilian currency and backed by Brazilian government debt. Speaking on the “Cripto na Real” program on CNN Brasil, Volpon said the token will be backed by National Treasury bonds, linking its value to sovereign debt and
Digital asset company CoinFlip has launched a new workplace benefit that allows employees to invest in cryptocurrencies directly through payroll deductions, offering a payroll-based investing mechanism to digital asset investing as interest in portfolio diversification continues to grow. The program enables employees to automatically purchase cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Solana (SOL) and
The volume of crypto assets traded in the Czech Republic saw a significant increase last year, with analysts attributing the trend to their growing recognition by investors. Despite a year-end slowdown, the continuing integration of cryptocurrencies into traditional finance is likely to strengthen the market in 2026, members of the industry predict. Czechs trade over
Russia’s central bank digital currency poses a threat to the country’s domestic payment card infrastructure, according to an analyst at Freedom Finance Global. According to sources, the analyst Natalia Milchakova stated that the digital ruble will become a “serious competitor” to traditional financial payment systems like the MIR card. The digital ruble launch will slow