CoinDesk

South Korean financial authorities are planning sanctions against crypto exchanges who are operating illegally in the country, according to a report.

WATCH LIVE: SEC Roundtable on Defining Security Status The SEC's crypto task force is set to host a wide range of discussions about U.S. crypto regulation, including the debate on what is and isn't a security. Tune in to CoinDesk for our live coverage of the event.

Markets-wise, crypto was flat this week. Bitcoin was rangebound ($83,000 to $84,000). And the CoinDesk 20, which tracks about 80% of the market, stayed at about 2,600. Crypto prices suffered from being increasingly correlated with the wider financial markets, which are down on tariff worries and decreased corporate earnings. Some even said the bitcoin bull market was over. But markets, of course, only tell part of the crypto story. There was a ton of stuff happening and much of it was positive for the industry’s future. Here's how CoinDesk's reporters and editors covered it. https://trib.al/KyrQUUa

🎧 Catch the latest episode of 'THE MINING POD', in partnership with Blockspace Media! THE MINING POD: CBP Update, SEC OKs Mining, BitFarms Merger Closes, Lancium Patent Dispute and Are We Still Bullish? Welcome to another packed episode of The Mining Pod! Hosts discuss the current hash price bear market, with difficulty adjustments continuing to increase despite declining profitability. They explore CBP's ongoing seizure of Bitcoin miners at the border, possibly costing companies millions in holding penalties. Plus, discussions on the TVA and DOE's push for nuclear energy, Bit Farms finalizing its acquisition of Stronghold Digital Mining, the SEC's clarification on proof-of-work mining activities, and OBM and Toya Energy's patent victory against Lancium. Finally, the team examines the sharp decline in mining community engagement. Notes: - Hash price at $47.50/PH/s/day - 8 of 10 recent difficulty adjustments increased - BitFarms now has 60% of megawatts in US - Mining stocks down ~50% year to date - Mining community engagement down ~80% Notes: • Difficulty adjustment expected at +1.16% • Hash price bottomed at $45/PH/s/day in February • CoreWeave’s 2024 revenue: $1.92B (77% from 2 clients) • Cathedra sold 60MW site for $350K per megawatt • Mining equipment being released by US customs 📺 Watch: https://lnkd.in/eDcvQMsc 🎧 Spotify: https://lnkd.in/eZqS-WBJ 🎧 Apple: https://lnkd.in/eAv7V2jQ

Crypto's Fairshake super PAC has returned to Florida's special elections to devote cash to support Republicans running for two open House of Representatives seats. At stake: a big piece of the GOP's majority cushion in the House. #crypto #cryptonews #Fairshake #Florida #elections #campaigns https://trib.al/95GICJU

The most influential Web3 event is approaching fast 🚨 #Consensus2025 is heading to Toronto this May, bringing together the most prominent voices in blockchain, Web3, and AI. Don't miss out. Get your pass today👇🏼 https://lnkd.in/ecwenVYF

The CoinDesk 20 is currently trading at 2642.5, down 1.0% (-27.91) since 4 p.m. ET on Thursday. Five of 20 assets are trading higher. Leaders: DOT (+2.1%) and AAVE (+1.6%). Laggards: SUI (-5.1%) and FIL (-3.3%). #InstitutionalInvesting #MarketInsights #AssetManagement #GlobalMarkets #DigitalAssets

Imagine being one of the world's most valuable firm and HODLing bitcoin for four years, only to have a North Korea-linked hacking group overtake your stash. Well that's what happening with Elon Musk's Tesla, which has fallen behind Lazarus Group in terms of bitcoin holdings, according to data from Arkham Intelligence. Lazarus held 13,441 bitcoin, worth $1.14 billion, which is 16% more than Tesla's bitcoin stash of 11,509 bitcoin, according to Arkham Intelligence. #bitcoin #northkorea #tesla https://trib.al/tWR6LPH

WATCH LIVE: SEC Roundtable on Defining Security Status The SEC's crypto task force is set to host a wide range of discussions about U.S. crypto regulation, including the debate on what is and isn't a security. Tune in to CoinDesk for our live coverage of the event.

📺 TUNE IN to CoinDesk tomorrow at 12:30 p.m. ET for the SEC Roundtable on crypto regulation. How will the crypto task force define securities? Get your popcorn ready 🍿 and notifications on for the livestream here: https://lnkd.in/gBqfBPwC