CoinDesk

📍 CoinDesk Indices will be at the AIMA - The Alternative Investment Management Association Digital Assets Conference in NYC, where our President, Alan Campbell, will moderate a phenomenal panel discussion. Don't miss this opportunity to hear from leading voices in the digital asset space and connect with the CoinDesk Indices team. Register and join us there 👇 https://lnkd.in/ezwkinGE

🎧 Catch the latest episode of 'THE MINING POD,’ in partnership with Blockspace Media! THE MINING POD: 2025 Bitcoin Hashrate Forecast w/ Valentin Rousseau Valentin Rousseau joins the pod to discuss his new report that forecasts Bitcoin’s hashrate for 2025 through 2027. Welcome back to The Mining Pod! Welcome back to The Mining Pod! Today, Valentin Rousseau (a.k.a as Muad Dib on X), a bitcoin mining researcher who's worked with Hash Labs and the University of Cambridge, joins us to discuss his Blockspace report on hashrate forecasting for 2025, 2026, and 2027. Valentin breaks down his methodology for predicting Bitcoin's hashrate trajectory, analyzes hashrate deployment schedules for public miners, unpacks how tariffs could slow U.S. hashrate growth – and thus the Bitcoin network’s growth as well, and answers the question: will we still see 1 zetahash in 2025? # Notes: - Projected ~1000 EH/s by end of 2025 - Forecast: 1700 EH/s by end of 2027 - Public miners = 37% of global hashrate - US tariffs reduced 2025 forecast by 60 EH/s - Private miners leading international expansion - ASIC prices flattened since 2022 crash 📺 Watch: https://lnkd.in/efSVXUsb 🎧 Spotify: https://lnkd.in/eeAEvKR2 🎧 Apple: https://lnkd.in/ed2BqQzg

Moonpay CEO Ivan Soto-Wright is speaking on the main stage at Consensus 2025, in Toronto on May 15. He speaks to CoinDesk's Will Canny ahead of the appearance on the company's plans. As the crypto space consolidates, MoonPay is quietly becoming the infrastructure layer for the next wave of Web3. With over 30 million verified users across 160 countries and a fully licensed global stack, the company is enabling everything from fiat onramps to embedded DeFi experiences. Originally launched to make wallet top-ups seamless via Apple Pay and debit cards, MoonPay now powers API-first solutions used by nearly every major DeFi app. “We started with a simple question, how do you top up your wallet?” MoonPay's CEO and co-founder Ivan Soto-Wright told CoinDesk in an interview. Now it’s about giving developers the tools to bring crypto into everyday life. The company is pushing toward a fully API-driven, "headless" infrastructure model, where developers can plug MoonPay into their products just like Stripe. Helio, one of MoonPay’s recent acquisitions, underscores this trajectory. Moonpay acquired the Solana-powered crypto payment processor in January, for a reported $175 million. Despite its size and reach, MoonPay still operates with a startup mentality. With only 300 employees, the team is "execution-first" and relentlessly focused on efficiency. The company saw 112% year-on-year growth, with Q1 2025 marking its strongest quarter ever. MoonPay primarily earns via transaction fees on crypto purchases through debit cards, Venmo, and Apple Pay. But it’s experimenting with zero-fee trading products like “Balance,” which allows users to deposit cash and trade instantly. Soto-Wright is a well-known entrepreneur and investor, and is a member of the Milken Institute Fintech Advisory Council. Prior to MoonPay, he was CEO and co-founder of smart money app Saveable. He started his career at London-based investment firm Redington. https://trib.al/m3oZyEo

The CoinDesk 20 is currently trading at 2556.62, up 2.1% (+52.39) since 4 p.m. ET on Monday. Fifteen of 20 assets are trading higher. Leaders: SUI (+7.5%) and POL (+7.5%). Laggards: FIL (-4.5%) and XLM (-1.6%). #InstitutionalInvesting #MarketInsights #AssetManagement #GlobalMarkets #DigitalAssets

Former SEC attorney Tuongvy Le writes on how to reform the SEC on CoinDesk today: So what would it look like to build innovation into the SEC’s core mission? Revise the SEC’s Mandate: Congress should amend the Securities Exchange Act of 1934 to explicitly include the promotion of innovation and modernization, alongside investor protection, market integrity, and capital formation. Rethink Metrics of Success: The SEC shouldn’t measure success solely by the number of enforcement actions or penalties collected. It should also look to capital formation, investor confidence, and the safe adoption of new technologies. Create an Innovation Office: A dedicated, empowered team should engage with entrepreneurs, technologists, and academics to guide responsible innovation — just as similar offices in the U.K. and Singapore have done. Adopt Risk-Based Regulation: Not every new product or platform needs full regulatory treatment on day one. Pilot programs, safe harbors, and regulatory sandboxes can help innovators test ideas while maintaining appropriate guardrails. Invest in Education and Training: SEC staff need better fluency in emerging technologies. Cross-disciplinary expertise should be rewarded and cultivated. These are not radical ideas — they are proven tools drawn from the SEC’s own playbook. https://trib.al/lSHg90W

We are never shy about holding ETH to account as crypto's second largest asset and the DeFi intuition gateway for traditional investors. But mainstream adoption requires a growth story, and so far this year ETH is (put kindly) failing to lead. ETH sits in 16th place in the CoinDesk 20 YTD performance leaderboard, down 53%. Going back a year, the numbers look similar: 15th place and down 50%. Its market cap has dwindled so much relative to XRP that both are expected to be capped in the upcoming CoinDesk 20 reconstitution, a first. Opinion by Andy Baehr https://trib.al/0YJmYqF

"When Friends With Benefits burst into crypto consciousness in 2020, it was the kind of FOMO-inducing project that immediately had people talking. With a wink-wink, sexy name and members including musicians Erykah Badu and Azealia Banks, it was a club that many wanted to be a part of. Emerging at a time when everyone was locked down and hankering for connection, it filled a void and showed that crypto could bring people together for real. About 6,000 bought into the token (becoming members) and chapters sprouted up all over the world, centering on hipster-tech hubs like LA and New York City. The New York Times, as it tends to do with crypto, gently mocked the idea. A 2022 profile opened with an anecdote about members developing a 'flavored, sparkling yerba maté' with a coffee company. 'It makes your soda $6 instead of $2,' said one member. The inference was clear: this was crypto kids with ideas, disposable income, plenty of time on their hands and not much to show for it. Still, the New York Times hit on what was definitely new about FWB. It called the group — which was mostly formed on Discord — a 'decentralized Soho House' and 'a V.I.P. lounge for crypto’s creative class.' It was tokenizing a community (with a DAO) in a way that proved that you could create something valuable IRL as much as online. The NYT said the group had raised $10 million from investors and that, after a funding round led by Andreessen Horowitz, it was valued at $100 million. It wasn’t clear what FWB did exactly. Sure, it was good at organizing cool events around the world. It was good at building community, generating FOMO through the media and boosting its token price. But after that? TBD. 'The original model was just a group chat with a token. The benefits at that time were just alpha,' CEO Greg Bresnitz said in an interview." https://trib.al/AIqxeqn

The CoinDesk 20 is currently trading at 2538.74, up 3.0% (+74.8) since 4 p.m. ET on Friday. Nineteen of 20 assets are trading higher. Leaders: NEAR (+11.7%) and APT (+8.7%). Laggards: BCH (-0.5%) and XRP (+1.9%). #InstitutionalInvesting #MarketInsights #AssetManagement #GlobalMarkets #DigitalAssets

A lot going on at CoinDesk! Here's my, 'Listen. Read. Watch. Engage.' Happy Monday! LISTEN: Senator Cynthia Lummis joined "CoinDesk Spotlight" to discuss her enthusiasm for establishing a strategic bitcoin reserve and how it could alleviate the U.S. national debt. https://lnkd.in/eeScDa-p READ: In Crypto Long & Short, THE institutional newsletter, CoinDesk’s Joshua de Vos and Jacob Joseph share the results of a quarterly report analyzing the crypto market’s recent performance. Then, Alec Beckman of Advantage Blockchain says that #Ethereum is becoming the global settlement layer for on-chain assets. Edited by Alexandra Levis, produced by Henry Bond. https://lnkd.in/ebK9r9bx READ: In Crypto for Advisors, Todd Bendell, CFP® from Amphibian Capital breaks down #bitcoin yield products as a strategy to grow bitcoin holdings beyond price appreciation. Then, Rich Rines, an initial Core DAO developer, provides guidance to Bitcoin developers in Ask an Expert. Edited by Sarah Morton, produced by Henry Bond. https://lnkd.in/eBs463Nt WATCH: Andrew Baehr, CFA, Head of Product & Research at CoinDesk Indices, Eran Barak, CEO of Midnight, and Nauman Sheikh, Managing Director & Head of Protocol Treasury Management and Derivatives Trading at Wave Digital Assets, join Jill Malandrino on Nasdaq TradeTalks to discuss institutional shifts beyond bitcoin if regulatory tailwinds continue to strengthen. https://lnkd.in/eAtj-5C6 WATCH: Andrew Baehr, CFA, joins Remy Blaire at the New York Stock Exchange to discuss the crypto landscape amid tariff turmoil. https://lnkd.in/eaJ_5BCs ENGAGE: Eric Trump will be at Consensus! He joins speakers such as Bo Hines, Executive Director for President Trump’s Council of Advisers for Digital Assets, and Superintendent Adrienne A. Harris from the New York Department of Financial Services. View the speakers and register today: https://lnkd.in/e2Ye9xE7 #digitalassets #cryptocurrencies #thoughtleaders

March's review on digital assets is up on the ETF Express site now, courtesy of CoinDesk Indices' Joshua de Vos with data from Trackinsight. Catch up now: https://lnkd.in/ery_EQpt