Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
63 articles
Polymarket Resolves Bitcoin Sale Dispute by Confirming Contracts for May and June
Polymarket has decided the outcome of its bitcoin-sale prediction markets, determining that the May 31 contract resolves to No and the June 30 contract to Yes, as reported by CoinDesk. This decision stemmed from a vote by UMA token holders regarding the sale disclosure by Strategy, which disclosed selling 32 bitcoin on June 1 but had executed the sale from May 26 to May 31.
last month·CoinDesk·Reported by Sam Reynolds
Cardano Price Falls Below 20 Cents as Hoskinson Announces Break
Cardano founder Charles Hoskinson states he is "taking a break" following warnings of an impending "wave of failures" in the ecosystem, as reported by CoinDesk. The price of Cardano's native token, ADA, drops below $0.20 for the first time in over five years, highlighting ongoing challenges within the network.
last month·CoinDesk·Reported by Sam Reynolds
Bitcoin Declines Below $62,000 as $1.5 Billion in Longs Liquidated
Bitcoin falls below $62,000 in Hong Kong trading, leading to over $1.5 billion in liquidations across the crypto market, according to CoinDesk. Analysts attribute this slump to reduced institutional demand and competition from assets like gold and artificial intelligence stocks.
last month·CoinDesk·Reported by Sam Reynolds
Crypto PACs Achieve Perfect Record in June Primaries, Expanding Influence
On June 3, 2026, crypto-backed super PACs aligned with Fairshake secured victories for all 11 endorsed candidates in primary elections, according to CoinDesk. The wins included candidates from both parties and aim to bolster a bipartisan approach to influence in upcoming elections amidst potential changes in Congressional control.
last month·CoinDesk·Reported by Sam Reynolds
Prediction Market Traders Expect Further Bitcoin Selloff
Prediction market traders assess a high likelihood that Bitcoin's price will fall below $55,000 this year, with significant chances of hitting sub-$50,000 levels, according to CoinDesk. Market pressures include substantial outflows from U.S. Bitcoin exchange-traded funds and a shift in investor focus towards artificial intelligence stocks.
last month·CoinDesk·Reported by Sam Reynolds
U.S. Bitcoin ETFs Face Record $3.4 Billion Selloff Amid AI Stock Surge
U.S. spot bitcoin exchange-traded funds (ETFs) have experienced a record $3.45 billion in outflows over 11 consecutive sessions, according to CoinDesk. As bitcoin's price trends downward toward $70,000, investor focus shifts towards AI and semiconductor stocks, highlighting a possible weakening institutional demand for bitcoin.
last month·CoinDesk·Reported by Sam Reynolds
Polymarket Bettors Debate $79 Million Bet on Bitcoin Sale Deadline
A $79 million bet on Polymarket revolves around whether MicroStrategy's bitcoin sale counts based on the sale date or its public disclosure date, as reported by CoinDesk. Bettors are split into three camps, debating the interpretation of ambiguous contract terms regarding the sale's validity.
last month·CoinDesk·Reported by Sam Reynolds
Cardano's 2026 Summit Canceled After Governance Vote Fails
The Cardano Foundation has canceled its flagship Summit 2026 in Singapore after a funding proposal failed to secure the necessary two-thirds support from the community, according to CoinDesk. The outcome highlights the new governance structure that requires community involvement in decision-making regarding treasury expenditures.
last month·CoinDesk·Reported by Sam Reynolds
Aave Revises Listing Standards Following $230 Million rsETH Exploit
Aave has announced a significant overhaul of its asset-listing standards after a $230 million exploit involving rsETH, as reported by CoinDesk. The protocol attributes the exploit to a failure in a LayerZero bridge, prompting a comprehensive reevaluation of its risk framework to account for new types of vulnerabilities in decentralized finance.
last month·CoinDesk·Reported by Sam Reynolds
CryptoQuant Reports Declining Bitcoin Buyer Activity Despite Record Holder Supply
Crypto market analysis firm CryptoQuant indicates that record long-term holder supply may reveal weak buyer interest rather than strong market conviction. The firm notes a significant drop in short-term holder supply and weakened demand from exchange-traded funds (ETFs) and institutional investors, as Bitcoin trades around $73,500, approximately 10% below recent highs, according to CoinDesk.
last month·CoinDesk·Reported by Sam Reynolds
Over 40 Crypto Firms Launch Initiative for Token Disclosure Standards
More than 40 crypto firms, including Coinbase, Kraken, and Binance.US, support a new framework promoting standardized token disclosures, as reported by CoinDesk. The initiative aims to enhance transparency in token markets, similar to stock market disclosures, and is coordinated by Blockworks.
last month·CoinDesk·Reported by Sam Reynolds
Crypto Exchange HTX Responds to U.K. Sanction Allegations
HTX, a crypto exchange, rejects U.K. allegations of assisting Russia by denying a listing request for the ruble-backed A7A5 stablecoin. The claims arise from the U.K. government sanctioning A7A5's issuer, which HTX and others allegedly refused to cooperate with, according to CoinDesk.
last month·CoinDesk·Reported by Sam Reynolds
OpenZeppelin CEO Warns AI Makes DeFi Unsafe Amid $1 Billion in Hacks
OpenZeppelin CEO Manuel Aráoz states that all of DeFi is now unsafe due to advanced AI models that can find vulnerabilities in smart contracts, as reported by CoinDesk. His remarks come as the total value locked in DeFi drops significantly and over $1 billion has been lost to hacks in the past year, including major incidents like the Kelp DAO exploit.
last month·CoinDesk·Reported by Sam Reynolds
Crypto PACs Spend $9 Million in Texas, Back Candidates from Both Parties
Crypto-focused political committees have spent over $9 million in Texas this election cycle, delivering victories for candidates across party lines, according to CoinDesk. Notable wins include Democrat Christian Menefee and Republican Ken Paxton, highlighting the growing influence of digital assets in politics.
last month·CoinDesk·Reported by Sam Reynolds
Hyperliquid Launches HIP-4 Event Contracts to Compete with Polymarket
Hyperliquid has introduced its HIP-4 product, allowing users to bet on offchain events like inflation data. Unlike Polymarket, which uses an external oracle for dispute resolution, Hyperliquid employs its own validators to manage settlements, according to CoinDesk.
last month·CoinDesk·Reported by Sam Reynolds
Bitcoin Stabilizes Near $76,500 Amid Muted Trading Activity
Bitcoin trades within a narrow range around $76,500 as traders await macroeconomic indicators, according to CoinDesk. Analysts indicate a balanced buying and selling pressure but highlight a lack of significant institutional demand, with the next inflation report expected to influence market dynamics.
last month·CoinDesk·Reported by Sam Reynolds
XRP Sees $42M Inflows Amid Bitcoin and Ether Fund Withdrawals
XRP-linked investment products attract $42 million in net inflows while Bitcoin and Ether funds see substantial outflows, according to CoinDesk. Additionally, a notable increase in the creation of new XRP wallets raises questions about a potential shift in investor interest towards XRP amid market pressures on larger cryptocurrencies.
2 months ago·CoinDesk·Reported by Sam Reynolds
Bitcoin Holds Steady Near $77,700 Amid Liquidation Wave
Bitcoin trades close to $77,700 after experiencing a minor dip below the $77,000 mark, according to CoinDesk. Analysts observe strong support between $75,000 and $77,000, indicating the recent sell-off is not a signal of a deeper market downturn but rather a leverage flush.
2 months ago·CoinDesk·Reported by Sam Reynolds
