David Sacks, President Donald Trump’s crypto and artificial intelligence czar, came under fire this week following allegations that he could financially benefit from Trump’s announcement of a U.S. strategic crypto reserve. The initiative, which Trump shared details about on Sunday, would involve the government holding a reserve of digital assets, including Bitcoin (BTC), Ethereum (ETH), […]

Portofino Technologies, a Switzerland-based crypto market making firm, has big plans for 2025, the company’s CEO Leonard Lancia told CoinDesk in an exclusive interview. The crypto market maker is exploring opening new offices in both New York and Singapore, Lancia said. The firm is regulated in the U.K., Switzerland and the British Virgin Islands, and […]

Tom Lee, Head of Research at Fundstrat, recently spoke with CNBC, suggesting that the broader market may be nearing a bottom, potentially as soon as this week. Lee’s outlook comes amid economic uncertainty as President Trump navigates his first 100 days in office. Several factors are contributing to market volatility, including the Department of Government […]

Ether (ETH) is testing levels not seen since November 2023, as the market continues to be hit by volatility resulting from U.S. President Donald Trump’s trade war threat. ETH is down 15% in the last 24 hours, according to CoinDesk Indices data, dragging down the CoinDesk 20, a measure of the largest digital assets, which […]

CoreWeave, an AI firm in close partnership with bitcoin miner Core Scientific (CORZ), filed for an initial public offering (IPO) today. The company is expected to raise $4 billion, with a valuation of more than $35 billion. Today’s filing showed the company had seen $1.9 billion in revenue in 2024, resulting in a net loss […]