Solana-based bonk (BONK) led growth among dog-themed memes Saturday as bitcoin staged a recovery rally to above $98,000, a day after Friday’s bloodbath that pushed it near $93,000.

BONK surged 30%, CoinGecko data shows, with dogecoin (DOGE), shiba inu (SHIB), dogwifhat (WIF) and floki (FLOKI) surging as much as 20%. The dog-themed token category gained 8% on average in the past 24 hours, beating a market-wide jump of 4.5% as tracked by the broad-based CoinDesk 20 (CD20) index.

Memecoins are kn

YouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether.

Rumble will use $250 million of the money to support operations and the remainder to fund a tender offer for up to 70 million shares of its common stock at a price of $7.50, according to a Friday evening press release. That $7.50 is the same price per share Tether is paying for its stake.

"I truly believe Tether is the perfect partner that can put a rocket pack on the back of Rumb

There's been a change of guard at the rankings of the $3.4 billion tokenized Treasuries market.

Asset manager Hashnote's USYC token zoomed over $1.2 billion in market capitalization, growing five-fold in size over the past three months, rwa.xyz data shows. It has toppled the $450 million BUIDL, issued by asset management behemoth BlackRock and tokenization firm Securitize, which was the largest product by size since April.

USYC is the token representation of the Hashnote International Short Du

Tether, the crypto company behind the $140 billion cryptocrrency USDT, is working on an artificial intelligence (AI) platform and aiming to debut early next year, according an X post by CEO Paolo Ardoino.

"Just got the draft of the site for Tether's AI platform. Coming soon, targeting end Q1 2025," Ardoino posted on Friday.

Tether is known for issuing USDT, the most popular stablecoin in the market, but the company recently made significant efforts under Ardoino's leadership to expand its busi

Every few decades, a new technology emerges that changes everything: the personal computer in the 1980s, the internet in the 1990s, the smartphone in the 2000s. And as AI agents ride a wave of excitement into 2025, and the tech world isn’t asking whether AI agents will similarly reshape our lives — it’s asking how soon.

But for all the excitement, the promise of decentralized agents remains unfulfilled. Most so-called agents today are little more than glorified chatbots or copilots, incapable o

Crypto Twitter has been overrun by sentient, well informed chatbots which reply at the speed of refreshing your browser and can maintain hundreds of simultaneous conversations without missing a beat. To many, the rise of these on-chain agents is a welcome upgrade from human influencers like BitBoy and GCR, who have mixed track records and opaque incentives. These agents, like on-chain analyst AIXBT, have quickly risen to the top of crypto twitter influencer mindshare rankings, given their abilit

A war for on-chain market dominance may be brewing. The question: What will be the collateral of choice in the decentralized finance (DeFi) economy?

As of press time, DeFi protocols across all ecosystems have locked in almost $126 billion in value, according to DeFiLlama data, inching closer every day to their 2021 high of $175 billion. The majority of those pledged funds take the form of ether (ETH) and derivatives like yield-producing staked ether liquid tokens (stETH) and wrapped eETH (weETH

"Hawk Tuah" girl Hailey Welch said Friday she is "fully cooperating" with lawyers representing people who lost money investing in her crypto token, HAWK, which flopped in early December amid allegations of malfeasance.

"I take this situation extremely seriously," she said in a post on X. The viral TikTok star encouraged victims of HAWK coin to reach out to the law firm suing HAWK's creators as she works to "uncover the truth" about the token.

HAWK token — a memecoin on the Solana blockchain —

The blockchain industry is on the brink of a major transformation, and 2025 will be the year everything truly starts to shift. But before we get there, it’s important to understand what’s been holding this technological revolution back.

The current, traditional internet works because its infrastructure is scalable and connects users effortlessly, no matter where these users are located. The decentralized ecosystem, on the other hand, still struggles with issues stemming from fragmented liquidit

On a balmy evening in 2023 on the east coast of Spain, Olivier Acuña sat at his computer to transfer his life savings to another cryptocurrency wallet, as he had done hundreds of times before.

“Sending crypto always induces anxiety,” Acuña told CoinDesk. This rang painfully true that night.

As soon as Acuña hit send, it was over: $400,000 worth of crypto — all his money — was gone, pilfered by an anonymous phishing scammer. A piercing noise rang in Acuña’s ears, his temperature rose and his fi

As 2024 draws to a close, bitcoin (BTC) is underperforming, counter to its historical performance in a year-end "Santa rally."

The largest cryptocurrency generally adds about 2.8% in the 51st week, this week it's on course to slide 11%. And, while it's tended to gain 3% in week 52, in five of the past six years the BTC price has dropped. So there's not much hope this time around either.

The exact timing for what's considered a Santa rally varies, but it's clearly as December nears January and

A broad crypto market slide worsened at the start of U.S. trading hours as bitcoin (BTC) neared the $93,000 level, leading to a fallback across all major tokens.

Ether, Solana’s SOL, Cardano’s ADA, xrp (XRP) and bnb (BNB) fell as much as 16%, while memecoin dogecoin (DOGE) fell over 27%, data shows. Crypto market capitalization is down more than 11% in the past 24 hours, one of the worst single-day drops in the year.

Some traders say a hawkish tone in this week’s FOMC meeting flipped market se

By Omkar Godbole (All times ET unless indicated otherwise)

Keeping an eye on the Far East has been our mantra lately, and the latest news from the Chinese bond market shows why. Just today, China's one-year government bond yield dropped below 1% for the first time since the Great Financial Crisis, adding to the year-to-date downturn. The benchmark 10-year yield slipped to 1.7%.

How does that play out for risk assets like bitcoin, which slumped overnight? Well, there are two key reasons to feel

Bitcoin (BTC) is currently trading 13% below its record high of around $108,000, the most since President-elect Donald Trump won the U.S. election in early November.

Since then, the largest cryptocurrency has spent several periods at 10% below the record, a level that some investors term a correction.

The selling pressure originates with long-term holders (LTHs), which Glassnode defines as investors who have held bitcoin for at least 155 days. They tend to sell into price strength after accumu

Digital asset custody firm Copper has withdrawn its application to become registered with the U.K.'s financial services regulator, the Financial Conduct Authority (FCA), the company said in a statement on Friday.

The company chaired by former U.K. Chancellor of the Exchequer Philip Hammond said the decision to withdraw was part of the company's strategic shift, and that U.K. registration no longer fitted the company's future business trajectory.

The London-based custodian recently announced a

The U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETF) registered record outflows Thursday and the CME futures premium dropped into single digits in a sign of weakening short-term demand.

Investors ended a 15-day streak of inflows by withdrawing a net $671.9 million from the 11 ETFs, the largest single-day tally since their inception on Jan. 11, according to data from Coinglass and Farside Investors.

Fidelity's FBTC and Grayscale's GBTC led the outflows, losing $208.5 million and $188.

Losses in bitcoin (BTC) and other crypto majors extended to their third straight day, as risk-off behavior after this week’s FOMC meeting and general profit-taking contributed to heavy market sentiment.

BTC dropped 4.2% in the past 24 hours, with Solana’s SOL, ether (ETH) and Cardano’s ADA falling as much as 9%. Dogecoin slid the most with an 11% drop, extending weekly losses to over 21%.

The broad-based CoinDesk 20 (CD20), an index of the largest tokens by market cap, fell 5.5%. That spread o

Bitcoin's (BTC) post-Fed price drop to $96,000 has activated a crucial contrary indicator that has historically marked the end of price pullbacks.

On Wednesday, the Fed cut the benchmark borrowing cost as expected but penciled in only two rate cuts for 2025, down from four projected in September. The central bank stressed that it's not interested in participating in a potential government plan to build a strategic BTC reserve.

Since then, BTC has dropped over 8%, hitting lows near $96,000 at o

Losses in bitcoin (BTC) and other crypto majors extended to their third straight day, as risk-off behavior after this week’s FOMC meeting and general profit-taking contributed to heavy market sentiment.

BTC dropped 4.2% in the past 24 hours, with Solana’s SOL, ether (ETH) and Cardano’s ADA falling as much as 9%. Dogecoin slid the most with an 11% drop, extending weekly losses to over 21%.

The broad-based CoinDesk 20 (CD20), an index of the largest tokens by market cap, fell 5.5%. That spread o

A war for on-chain market dominance may be brewing. The question: What will be the collateral of choice in the decentralized finance (DeFi) economy?

As of press time, DeFi protocols across all ecosystems have locked in almost $132 billion in value, according to DeFiLlama data, inching closer every day to their 2021 high of $175 billion. The majority of those pledged funds take the form of ether (ETH) and derivatives like yield-producing staked ether liquid tokens (stETH) and wrapped eETH (weETH