Nick Baker

Nick Baker is CoinDesk's deputy editor-in-chief. He won a Loeb Award for editing CoinDesk's coverage of FTX's Sam Bankman-Fried, including Ian Allison's scoop that caused SBF's empire to collapse. Before joining in 2022, he worked at Bloomberg News for 16 years as a reporter, editor and manager. Previously, he was a reporter at Dow Jones Newswires, wrote for The Wall Street Journal and earned a journalism degree from Ohio University. He owns more than $1,000 of BTC and SOL.

Nick Baker

Latest from Nick Baker


Finance

This Hedge Fund Now Has a 1,000x Profit on Bitcoin

Dan Morehead's Pantera Capital Management was one of the first funds to get into bitcoin (BTC) back in July 2013.

Dan Morehead, CEO of Pantera Capital, told his team in 2013 that bitcoin would "squeeze up like a watermelon seed.” (Getty Images)

Finance

Justin Sun Joins Donald Trump's World Liberty Financial as Adviser

This comes a day after Sun bought $30 million of the crypto project's WLFI tokens.

Justin Sun standing beside a banana taped to a wall.

Finance

Trump's Crypto Project Gets $30M Investment From Justin Sun

The investment by Sun, best known for creating the TRON blockchain, comes after World Liberty Financial saw slow initial sales of its WLFI token.

Justin Sun standing beside a banana taped to a wall.

Markets

Bitcoin Buying Plans Are Supercharging Stocks. Is This a Michael Saylor Redux — or Another 'Long Island Iced Tea' Fad?

A flurry of copycats are trying capture MicroStrategy's magic. Will it work?

MicroStrategy's Michael Saylor (Jason Koerner/Getty Images for Bitcoin Magazine)

Markets

Mudslinging Sullies Prediction Markets Just as Sector's Prospects Brighten

Kalshi paid influencers to cast aspersions on Polymarket's founder, a Pirate Wires report reveals. Meanwhile, someone is spreading dubious rumors about Kalshi.

Playing dirty

Policy

Trump Picks Pro-Crypto Hedge Fund Manager Scott Bessent for Treasury Secretary

If the Senate confirms Bessent, the next person whose signature is on the front of paper U.S. currency will be a fan of digital assets created to replace the conventional financial system.

Scott Bessent (Drew Angerer/Getty Images)

Finance

Coinbase App Gets Left Behind as Memecoin Craze Drives Traders On-Chain

Phantom, a crypto wallet with a steeper learning curve, is ahead of exchange giant Coinbase in the Apple App Store rankings.

The newly popular Phantom wallet (CoinDesk)

Opinion

Gary Gensler, We Won’t Miss You

But, let’s face it, crypto’s regulatory uncertainty isn’t all your fault.

U.S. Securities and Exchange Commission Chair Gary Gensler (Kevin Dietsch/Getty Images)

Policy

Crypto Foe and SEC Chair Gary Gensler Will Quit When Trump Takes Office

Gensler's plan to fully leave the commission — not just step down as chairman — on Jan. 20 answers the major question of whether he'd stick around to defend his policies until his term ends in 2026.

SEC Chair Gary Gensler (Nikhilesh De/CoinDesk)

Finance

Frank McCourt's Decentralized Internet Project Enters Ethereum Ecosystem With Consensys Partnership

The partnership brings Project Liberty to Consensys' Linea layer-2 network and its popular MetaMask crypto wallet.

Project Liberty founder Frank McCourt (MIT Technology Review)