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Ethereum's gas fees plummeted to a five-year low earlier this week, dipping to as low as 0.6 gwei (a unit of gas) with low-priority transactions costing only 1 gwei or lower. Bitget Research chief analyst Ryan Lee told CoinDesk in a note that "every time ETH gas fees drop to rock bottom it has often signaled a price bottom in the mid-term" but ETH prices tend to rebound after the cycle. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Aug 16, 2024

FIN Fund founder Erik Finman discusses which crypto token he would invest in to replicate the success he previously had with his early bitcoin investments. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

Aug 15, 2024

FIN Fund founder Erik Finman joins CoinDesk to discuss the evolution of the crypto market and what he focuses on before making an investment. Plus, the significance of anonymity in crypto and insights on the institutional adoption. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

Aug 15, 2024

IntoTheBlock noted that more than $1 billion of Tether's USDT stablecoin was withdrawn from crypto exchanges on Tuesday, the most in a day since May. According to the analytics firm, previous cases where withdrawals exceeded $1 billion soon led to a downtrend in bitcoin. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Aug 15, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Senate Majority Leader Chuck Schumer said at the Crypto4Harris event that U.S. crypto legislation can happen this year. Plus, Jefferies releases a research report on profitability of bitcoin mining and ZynCoin is launching a physical collectible for the $ZYN community called "Comfy."

Aug 15, 2024

CoinDesk's Jennifer Sanasie breaks down the latest movements in the TON ecosystem, with a focus on its new $40 million venture fund aimed at investing in consumer apps. Plus, the surge in its native token toncoin in the past year and how the venture fund could help Telegram achieve its goal of becoming an "everything app."

Aug 14, 2024

According to the U.S. Bureau of Labor Statistics, the Consumer Price Index rose 0.2% in July, up from a decline of 0.1% in June and against expectations for 0.2%. Bitcoin briefly surged above $61,000 in early Asian trading hours but the leading cryptocurrency retreated following the inflation data. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Aug 14, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Goldman Sachs reveals in its quarterly 13-F report that it holds positions in seven out of the 11 BTC ETFs in the U.S. Plus, Crypto.com becomes the official sponsor of the UEFA Champions League, and MetaMask readies a blockchain-based debit card developed with Mastercard and Baanx.

Aug 14, 2024

CoinDesk's Jennifer Sanasie breaks down the developments in DePIN and how it utilizes blockchain technology to manage physical infrastructure resources in a decentralized manner. Plus, how this technology could potentially revolutionize the monopoly of big tech and utility companies.

Aug 13, 2024

Bitcoin recovered to above $60,000 after the debacle last week that saw prices drop below $50,000. According to data tracked by CryptoQuant, the "exchange stablecoins ratio," which measures the number of bitcoin held in wallets tied to centralized exchanges relative to stablecoins, dropped to its lowest since February 2023, an indication of reduced selling pressure. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Aug 13, 2024