The announcement of a Trump-branded crypto wallet has been labelled “absolute chaos” as a business linked to the Trumps said it would launch a wallet only to have US President Donald Trump’s sons distance themselves from it. The non-fungible token marketplace Magic Eden and the team behind the president’s memecoin, Official Trump (TRUMP), both said…
Bitcoin holders have increased their profit-taking activity since the cryptocurrency’s price averages flashed a key bullish signal two weeks ago. BTC’s 50-day simple moving average (SMA) crossed above its 200-day SMA on May 22, confirming a golden cross – a technical indicator signaling bullish long-term momentum, according to data from TradingView. On the same day,…
Meta has inked a deal to keep an Illinois nuclear power plant running for the next 20 years so it can power its artificial intelligence and data center ambitions. The deal sees the tech giant purchasing 1.1 gigawatts of power from nuclear power provider Constellation from its Clinton Clean Energy Center in southern Illinois starting…
NYSE Arca, which is part of the New York Stock Exchange, has filed paperwork with the Securities and Exchange Commission (SEC) to launch a fund issued by U.S. President Donald Trump’s media company Truth Social. On Tuesday, the exchange filed a 19b-4 document with the SEC for a fund that would track the price of…
What started in 2020 as a bold move to put some spare cash into Bitcoin has, five years later, turned MicroStrategy (now rebranded as Strategy) into one of the largest holders of BTC on the planet. As of late May 2025, the company holds 580,250 Bitcoin (BTC) (about 2.7% of the total supply). Just in…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Keep an eye on , is what fund manager March Zheng…
US President Donald Trump’s sprawling crypto empire could grow even larger, as filings show plans for a Bitcoin exchange-traded fund (ETF) branded with his social media platform, Truth Social. Stock exchange NYSE Arca filed for the Truth Social Bitcoin ETF with the Securities and Exchange Commission on June 3 on behalf of crypto asset manager…
OpenAI just spent $6.4 billion acquiring io, Jony Ive’s nascent hardware venture. As someone who grew up idolizing the Jobs-Ive partnership—Mac Addict subscription, Marathon on shareware, one of everything they ever made—I understand the allure. But this move reveals OpenAI’s existential crisis: they’re playing a game they’ve already lost. The Distribution Kings Have Already Won…
CleanSpark’s Bitcoin mining production rose more than 9% in May, bringing its treasury to 12,502 BTC, double the amount it held at the same time last year. According to its monthly report, the company mined 9.4% more Bitcoin (BTC) in May, producing 694 coins compared to 633 in April. CleanSpark also achieved a 45.6 exahash…
Bitcoin trading at or about record highs hasn’t proven to be much of a benefit to the roughed up the BTC miners, but perhaps the growing energy needs of the AI sector could prove to be the industry’s salvation. Social media giant Meta (META) on Tuesday inked a 20-year deal with a nuclear power plant…