Krisztian Sandor

Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.

Krisztian Sandor

Latest from Krisztian Sandor


Markets

Biggest ‘stETH’ Pool Almost Empty, Complicating Exit for Would-Be Sellers

A trading pool that large institutional investors such as Alameda Research and Three Arrows Capital have used to dump their “stETH” tokens is now nearly drained and heavily imbalanced, potentially trapping retail investors as well as the embattled crypto lender Celsius.

The staked ether trading pool on Curve is quickly depleting after large holders used it as an escape route. (Flickr, modified by CoinDesk)

Markets

Market Wrap: Bottom Has Not Been Reached for Crypto, but Capitulation Is Needed

The rally in bitcoin and other major cryptocurrencies after the Fed meeting on Wednesday proved short-lived.

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Markets

Market Wrap: Fed Hikes Rates at Highest Level Since 1994, Bitcoin Rallies After

The cryptocurrency fell to $20,270 after the Fed's statement but rebounded shortly after.

Federal Reserve Chair Jerome Powell at a press conference on June 15, 2022. (Source: Federal Reserve)

Markets

Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads

Investors pulled out some $1.6 billion this week from USDT, the largest stablecoin by market capitalization, amid growing nervousness as cryptocurrency prices keep sliding.

Tether (USDT) saw $1.6 billion in redemptions in two days. (CoinMarketCap)

Markets

'Staked Ether' Becomes Focus of Crypto Stress, From Celsius to Three Arrows

The price gap between the locked-up ether on Lido and spot ether jumped to record highs as large holders sell their tokens, drawing concern of a potential ripple effect on crypto lending markets.

The first cracks between the price of staked ether and ether emerged when the Terra ecosystem imploded in early May. (Unsplash)

Markets

Market Wrap: BTC Tumbles Further Ahead of Fed Meeting; Extreme Fear Among Traders

Bitcoin hovered around $22,000, down about 5% over the past 24 hours.

(Jan Baborák/Unsplash)

Markets

Tron’s Stablecoin Peg to Dollar Wobbles; Justin Sun Swears to Deploy $2B to Prop Up

Decentralized USD (USDD) fell to as low as 91 cents on crypto exchanges early Monday and was changing hands around 99 cents at press time.

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Markets

Market Wrap: Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

Bitcoin could approach lower support at $25K-$27K with greater price volatility.

Bitcoin 24-hour price chart (CoinDesk)

Markets

Market Wrap: Is Bitcoin Breaking Down or Breaking Free?

Analysts await the likely outcome of the European Central Bank's monetary-policy meeting on Thursday, which could affect in which direction BTC moves next.

(Bankrx/Shutterstock)

Markets

Market Wrap: Bitcoin Close to $30K as Investors Search for a Bottom

BTC is down by 34% so far this year and is approaching the middle or late stage of a bear market, according to some indicators.

Investors bottom fishing  (Robson Hatsukami Morgan, Unsplash)