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Top Coin Desk News

Crime · New York

Do Kwon pleads guilty to US fraud charges in $40 billion crypto collapse

43% Center coverage: 28 sources

Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded guilty on Tuesday to two U.S. charges of conspiracy to defraud and wire fraud.See the Story

Cryptocurrency Exchange · United States

Crypto exchange Bullish more than doubles in NYSE debut after pricing IPO above expected range

53% Center coverage: 13 sources

See the Story

Finance

Standard Chartered lifts year-end ether forecast to $7,500

75% Center coverage: 4 sources

Standard Chartered raised its year-end target for ether to $7,500 from $4,000 on Wednesday, citing improvement in industry engagement in recent months and emergence of Ethereum treasury companies. The brokerage also raised its 2028 year-end ether forecast to $25,000 from $7,500World's no.2 crytocurre See the Story

OKB Token Price Surges 200% as Supply Slashed by 50%

100% Center coverage: 1 sources

OKB, the token of cryptocurrency exchange OKX, more than tripled to a record high after the company executed a one-time burn of 65.26 million OKB, cutting the supply by more than 50%.Burning the roughly $7.6 billion worth of tokens permanently reduces the maximum supply to 21 million, in line with the hard cap coded into bitcoin (BTC). The burn, or sending the tokens to a wallet address that can't be accessed, was carried out from OKX’s reserves…Finance See the Story

BTC, ETH Price News: Bitcoin Tops $122K, Ether Nears 2021 Peak in Broad Crypto Rally

67% Right coverage: 3 sources

The current macro backdrop has rarely been more favorable for risk assets, and the market hasn't fully priced in what's coming, a report said.Ethereum See the Story

Metaplanet Announces Launch of Preferred Shares and BTC-Backed Yield Curve Plan in Q2 Earnings

100% Center coverage: 1 sources

Japan’s largest public bitcoin holder aims to expand its treasury operations and integrate BTC into the country’s fixed income markets.Cryptocurrency · Japan See the Story

Bitcoin Hack News: Attackers Drain $7M Bitcoin From Odin.fun in Liquidity Exploit

100% Center coverage: 1 sources

Attackers exploited Odin’s liquidity pool by depositing a worthless token like SATOSHI alongside BTC, setting an inflated price ratio in the thin market.Bitcoin See the Story

A16z, DeFi Group Pitch U.S. SEC on Safe Harbor for DeFi Apps

100% Center coverage: 1 sources

Over its years of shepherding its portfolio firms through regulatory waters in the U.S., Andresseen Horowitz (a16z) has made several proposals to keep securities laws off of crypto activity, and a new petition to the Securities and Exchange Commission is seeking such protection for decentralized finance (DeFi) websites and mobile applications.The request, sent in cooperation with the DeFi Education Fund on Wednesday, follows a surge in DeFi supp…SEC See the Story

News from Coin Desk