Pro-Crypto Org Backs Andrew Cuomo for NYC Mayor as Election Approaches

Innovate NY, a self-described “pro-digital assets” political organization funded with about $100,000 ahead of the New York City mayoral election, has backed independent candidate and former state Governor Andrew Cuomo.  In a Tuesday notice, Innovate NY endorsed Cuomo for mayor, the race for which is already in the middle of early voting. The political group…

Bitcoin Falls To $109K After Fed 0.25% Rate Cut: Why?

Key points:  Bitcoin’s sell-off accelerated after the Federal Reserve cut rates by 25 basis points. Weakness in crypto shows traders are looking at macroeconomic headwinds like a weakening jobs market and inflation, despite believing that interest rate cuts will continue into 2026.  Bitcoin (BTC) price tumbled to $109,200 ahead of Wednesday’s US Federal Reserve decision…

Bitcoin, Altcoins Sell-off Ahead Of Fed FOMC Presser on Interest Rates

Key points: Bitcoin’s failure to rise above $118,000 may have attracted profit-booking by short-term traders, resulting in a drop toward $107,000. Several major altcoins turned down from their overhead resistance levels, signaling that the bears remain sellers on rallies. Bitcoin (BTC) bulls are attempting to sustain the price above $111,000, but the bears have continued…

Holding The 200-day Average, But For How Long?

This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$110,974.09 is down but not out following Federal Reserve Chairman Jerome Powell’s latest hawkish remarks, which challenged expectations around a December rate cut. That’s the message from the price chart, which shows that although BTC is facing selling pressure…

Bitcoin Falls To $109K After Fed 0.25% Rate Cut: Why?

Key points:  Bitcoin’s sell-off accelerated after the Federal Reserve cut rates by 25 basis points. Weakness in crypto shows traders are looking at macroeconomic headwinds like a weakening jobs market and inflation, despite believing that interest rate cuts will continue into 2026.  Bitcoin (BTC) price tumbled to $109,200 ahead of Wednesday’s US Federal Reserve decision…

A Decentralized Privacy-Focused AI Network

Pavel Durov, co-founder of the messaging application Telegram, has disclosed a new decentralized AI network to be built atop The Open Network (TON), an independent layer-1 blockchain associated with Telegram. Durov took the stage at the Blockchain Life 2025 forum in Abu Dhabi, United Arab Emirates, to announce the Confidential Compute Open Network, or Cocoon,…

Bitcoin, Altcoins Sell-off Ahead Of Fed FOMC Presser on Interest Rates

Key points: Bitcoin’s failure to rise above $118,000 may have attracted profit-booking by short-term traders, resulting in a drop toward $107,000. Several major altcoins turned down from their overhead resistance levels, signaling that the bears remain sellers on rallies. Bitcoin (BTC) bulls are attempting to sustain the price above $111,000, but the bears have continued…

CZ Latest in Trump Crypto Pardons

US President Donald Trump pardoned Changpeng Zhao, also known as CZ, on Oct. 21. The former Binance executive is just the latest on a growing list of convicted crypto executives to receive clemency from the White House. Even on the campaign trail, Trump promised to make an about-face on crypto policy and grant clemency to…

Bitcoin Loses $113,000 as S&P 500 Hits New Highs on FOMC Day

Key points: Bitcoin struggles to return to its range highs after its latest sell-off. BTC price targets for the new “volatile retest” focus on $111,000 and a $114,500 weekly close. Fed rate-cut anticipation sees new record highs for the S&P 500. Bitcoin (BTC) stayed under pressure at Wednesday’s Wall Street open as US stocks hit…

Zhao Warns Against New Memecoin, After Golden Statue Emerges

Binance founder Changpeng “CZ” Zhao warned crypto investors not to buy a new memecoin launched to capitalize on his popularity, cautioning against the financial risks of trading celebrity-linked tokens with no real blockchain utility. The memecoin emerged shortly after a fan page built a golden statue of Zhao, sharing pictures and offering to send it…