Previewing policy at Consensus Hong Kong 2026: State of Crypto

CoinDesk is hosting its second annual Consensus Hong Kong conference, and as always, we’ll have a number of policy-focused sessions. Are you in town? Find me on stage or around the show floor and say hi! You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to…

Bithumb Recovers Overpaid Bitcoin, Covers 1,788 BTC Shortfall

South Korean cryptocurrency exchange Bithumb says it has resolved an incident in which a promotional reward error credited certain user accounts with excess Bitcoin. In a Sunday statement, the exchange confirmed it recovered 99.7% of the overpaid Bitcoin (BTC) on the same day the incident occurred. The remaining 0.3%, totaling 1,788 Bitcoin that had already…

CIRO Formalizes Interim Crypto Custody Framework in Canada

The Canadian Investment Regulatory Organization (CIRO) has formalized its interim framework governing the custody of crypto and tokenized assets. The move outlined how dealer members are expected to safeguard client holdings while permanent crypto-specific rules remain under development. In a Tuesday notice, CIRO said the framework sets out its supervisory expectations for investment dealers operating…

Bitcoin Bear Market Comparison Sparks New $50,000 BTC Price Prediction

Bitcoin (BTC) gained up to 3% Sunday, but some traders refused to believe that the BTC price crash was over. Key points: Bitcoin price comparisons warn that new macro lows are due if the 2022 bear market continues to repeat. Moving averages and the cost basis of the US spot Bitcoin ETFs are in focus….

Forward Industries (FWDI) is well positioned to consolidate the digital asset treasury sector

Nasdaq-listed Forward Industries (FWDI) is uniquely positioned to consolidate the beaten-down digital asset treasury space because it carries no corporate debt and is completely unlevered, giving it room to play offense while peers retrench, according to Ryan Navi, the company’s chief investment officer. “Scale plus an unlevered balance sheet is a real advantage in this…

UK Lords Stablecoin Inquiry Hears Criticism of Stablecoins and GENIUS Act

The United Kingdom’s House of Lords heard critical views on stablecoins Wednesday, with witnesses claiming that tokens were mainly “on- and off-ramps into crypto,” rather than the future of money. The House of Lords held a public session as part of its new inquiry into how stablecoins should be regulated in the country, gathering evidence…

Here’s 4 Supporting Data Points

Key takeaways: Bitcoin fell to $74,680 after futures market liquidations, yet derivatives data show no signs of panic or extreme bearishness. Spot Bitcoin ETF outflows reached $3.2 billion, but represent less than 3% of assets under management. Bitcoin (BTC) price plunged to $74,680 on Monday after a total of $1.8 billion in bullish leveraged positions…

Bitcoin Is Offering ‘New Crack Of The Apple’ To Institutions: Bitwise CEO

Bitcoin’s drop below $70,000 is being seen very differently by long-time holders and institutional investors, according to Bitwise CEO Hunter Horsley. “I think long-time holders are feeling unsure, and I think the new investor set, institutions are sort of getting a new crack at the apple,” Horsley said during an interview with CNBC on Friday….

Telegram’s Durov Sounds Alarm About Spain’s Online Age Verification law

Pavel Durov, co-founder of the Telegram messaging platform, sounded an alarm about the Spanish government’s plan to usher in online age verification and restrict social media platforms for individuals under the age of 16. The proposed law will lead to increased government-led censorship of online content, breaches of privacy through de-anonymizing users and mass-surveillance, Durov…

These Metrics Suggest $100 Was the Local Bottom

Solana (SOL) price has possibly formed a bottom around $100 on multiple time frames, a setup that could help SOL price recover toward $260 in the long term. Key takeaways: SOL must break several resistances before $260 SOL’s price action has led to the appearance of a possible V-shaped recovery pattern on the four-hour chart….