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


Policy

Howard Lutnick, Tether's Wall Street Banker, Is Trump's Pick for Commerce Chief, Not Treasury Secretary

Lutnick, whose Cantor Fitzgerald has been a custodian for Tether since 2021, has been a vocal proponent of bitcoin and USDT for years.

Howard Lutnick is a fan of bitcoin and Tether's USDT. (Danny Nelson/CoinDesk)

Finance

After Binance's $4.3B Lesson, Do Rival Crypto Exchanges Risk Running Afoul of U.S. Rules?

Bybit, Bitget and OKX combined have 877,000 monthly active users in the U.S., data from Sensor Tower shows. It's unclear if they are just checking prices, or trading in violation of the rules.

Groucho Marx glasses, pixelated.

News Analysis

What Does Trump's Win Mean for Crypto?

The industry is hopeful, but the only crypto-ish thing he's done since the election is sell shirts with the DOGE dog.

Donald Trump at Bitcoin 2024 in Nashville (Danny Nelson/CoinDesk)

Finance

Bank Clients Just Dipped Their Toes Into Bitcoin ETFs, but Q4 Could See a FOMO Spike

The most recent batch of 13F reports filed by institutional investors was uneventful alongside bitcoin's price action during the third quarter.

An ETF promising 100% downside protection for volatility in the price of bitcoin hit the market on Wednesday. (Charlie Harris/Unsplash)

Finance

Polymarket CEO's Home Is Raided by FBI

"This is obvious political retribution," said a Polymarket spokesperson. Bloomberg reported that DOJ is investigating the company for letting U.S. users access the site.

Markets – Consensus: Distributed

Policy

Senior Federal Reserve Official Who Blasted Bitcoin Now Says He'll Have an Open Mind

Minneapolis Federal Reserve President Neel Kashkari, who previously called the cryptocurrency industry "worthless" and "nonsense," still isn't an uber-bull, though.

Minneapolis Federal Reserve Bank President Neel Kashkari, who continues to have doubts about the real-life use cases of crypto, said he will keep an open mind. (Roy Rochlin/Getty Images)

Markets

Why Bitcoin Will Soar Above Its Fresh Record: Van Straten

Even after breaking through $77,000 for the first time, bitcoin's price looks very likely to keep surging, CoinDesk senior analyst James Van Straten argues.

BTC: Net Realized Profit/Loss (Glassnode)

Finance

The Unique Way the Solana Trading Ecosystem Is Making Bank

Trading tools on Solana are immensely profitable. In fact, they tend to rival or exceed DeFi blue chips like Maker, Aave or Lido.

a hundred dollar bill

Markets

Bitcoin Hits Another Milestone, Topping $77K for First Time; Funding Rates Suggest Crypto Rally Can Keep Going

Cardano's ADA, Polygon's POL advanced 15% as the broad-market CoinDesk 20 Index outperformed BTC.

Bitcoin price on Nov. 8 (CoinDesk)

Finance

Stablecoin Giant Tether Enters Oil Trade by Financing $45M Middle Eastern Crude Deal

The USDT issuer is expanding in trade finance, seeking to carve out a niche in the $10 trillion ecosystem.

Crude oil (Sumaid pal Singh Bakshi/Unsplash)