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Treasury Secretary Janet Yellen and President Joe Biden. A new report from a coalition of regulators and agencies calls for regulation of stablecoins like tether - by any means necessary. (Chip Somodevilla/Getty Images)

Markets

Bitcoin Slides Below $27K as Investors Eye Debt Ceiling Negotiations

Treasury Secretary Janet Yellen warned the U.S. could breach its debt limit by June 1, potentially setting off a recession in the event of default.

By Jocelyn Yang

May 16, 2023 at 9:21 p.m. UTC

May 16, 2023

BitcoinDebtMarketsTradingInvesting

CDCROP: Lost wallet lying on ground (Getty Images)

Technology

Bitcoin

One Million Individual Wallets Now Hold a Whole Bitcoin

A major bump in such wallets came after the implosion of crypto exchange FTX between November and January.

By Shaurya Malwa

May 16, 2023 at 7:57 a.m. UTC

May 16, 2023

BitcoinTradingOn-chain Data

Markets

Bitcoin

Bitcoin Rebounds Above $27K as Investors Weigh Debt Ceiling Debate, Liquidity Concerns

Investors have been eyeing particularly low liquidity in crypto trading as market makers turn cautious.

By Jocelyn Yang

May 15, 2023 at 8:45 p.m. UTC

May 15, 2023

BitcoinEtherMarketsLiquidityTradingInvesting

Markets

Bitcoin

Bitcoin Prices Slip to 2-Month Lows as CoinDesk’s Bitcoin Trend Indicator Turns Neutral From Bullish

Prices fell to $26,160 soon before press time, reaching the lowest since March 17.

By Omkar Godbole

May 12, 2023 at 7:06 a.m. UTC

May 12, 2023

BitcoinMarketsTrading

Milady 8835 last sold for 0.35 ETH (about $1,000) on OpenSea. (Art by Remilia, modified by CoinDesk.)

Markets

Trading

Dogecoin-Like Spike in Milady NFTs After Elon Musk’s Tweet, But Will It Last?

Prices of the NFT collection have soared in the past two days.

By Shaurya Malwa

May 12, 2023 at 6:12 a.m. UTC

May 12, 2023

TradingDogecoin

Downgrade spiral staricase going down downwards (Unsplash)

Markets

Bitcoin

Bitcoin Edges Below $27K as Latest Bank Crisis Fails to Trigger Price Increase

BTC has been trading largely below the psychologically important $30,000 mark since late April, as investors wrestle with recent bank sector debacles and other macroeconomic uncertainties.

By Jocelyn Yang

May 11, 2023 at 9:00 p.m. UTC

May 11, 2023

BitcoinEtherMarketsMacroTradingInvesting

Markets

Pepe

‘Smart Money’ Traders Reduce Pepecoin Holdings by $3M as Meme Coin Mania Cools

PEPE token has dropped 66% since last week, when it reached a $1.8 billion market capitalization after a staggering rally.

By Krisztian Sandor

May 11, 2023 at 6:18 p.m. UTC

May 11, 2023

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CDCROP: Red arrows pointing down falling drop (Getty Images)

Markets

Bitcoin

Bitcoin Dips Below $27K, Reversing Post-CPI Rally

The BTC/USD trading pair on Coinbase was trading as low as $26,800 before regaining some ground.

By Jocelyn Yang

May 10, 2023 at 6:13 p.m. UTC

May 10, 2023

BitcoinEtherMarketsTrading

Derivatives trading now represents 70.3% of the entire crypto market, up from 68% in December. (Unsplash, Kanchanara)

Technology

On-chain data

Crypto Derivatives Protocol Vega's Mainnet Goes Live for Futures, Options Trading

The blockchain is said to be built mainly to support decentralized derivatives trading.

By Shaurya Malwa

May 10, 2023 at 1:00 p.m. UTC

May 10, 2023

On-chain DataTradingDEXDerivatives

Pepe the Frog Meme Gallery (Danny Nelson/CoinDesk)

Markets

Trading

Crypto Whales Accumulate Millions in Pepecoin as Trading Volume Shifts to Binance

Larger market participants are buying up the meme coin even as prices dunk, suggesting another leg up might be on the cards soon.

By Shaurya Malwa

May 10, 2023 at 6:52 a.m. UTC

May 10, 2023

TradingOn-chain Data