ECB Says U.S.-Backed Stablecoin Use in EU Could Weaken Its Monetary Autonomy

Widespread use of U.S. dollar-denominated stablecoins in the European Union (EU) for payments or settlement could damage the European Central Bank’s control over monetary conditions, an ECB adviser said. If U.S.-backed stablecoins, digital assets that are backed by the dollar, gain traction for use in the EU, the effect could be similar to the impact … Read more

Bitcoin’s Bollinger Bands Tightest Since February; XRP, SOL Establish Lower Highs

This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Bollinger bands tighten BTC’s continued consolidation between $116,000 and $120,000 calls for renewed focus on Bollinger bands, which have now tightened to levels last seen before the late February volatility explosion that saw prices … Read more

Linea to Burn ETH With Every Transaction in Bold L2 Upgrade

Linea, an Ethereum layer-2 network incubated by Consensys, has unveiled a comprehensive suite of upgrades designed to embed the network deeper into the layer 1’s economic and ideological fabric. Linea’s updated road map, expected to roll out in October 2025, introduces ETH-native staking on bridged assets, a protocol-level ETH burn mechanism, and the allocation of … Read more

Ether Treasury Companies to Eventually Own 10% of Supply: Standard Chartered

Corporate treasury participation in ether (ETH) has surged in recent months, with institutional entities now holding 1% of the cryptocurrency’s circulating supply, according to a report from investment bank Standard Chartered (STAN). The bank predicts that ether treasury holdings could reach 10% of total supply over time, a 10-fold increase from current levels. The pace … Read more

ARK Invest Buys the Dip on Ether Strategy Firm BitMine With $18.6M Purchase

ARK Invest bought $18.6 million worth of shares in ether treasury firm BitMine Immersion Technologies (BMNR). Cathie Wood’s investment firm added a total of 529,366 BMNR shares to its Innovation (ARKK) and Next Generations Internet (ARKW) exchange-traded funds (ETFs) on Monday, according to an email notification. BMNR fell more than 11.8% to $35.11 and is … Read more

Whale Revives Profit-Taking Concerns as Bitcoin Holds Flat: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s Asian session bounce from $117,500 ran out of steam near $119,200 during European hours, extending two weeks of directionless trading. The CoinDesk 20 (CD20) Index traded 1.4% lower over 24 hours, with the broader CD80 gauge reporting a 4.6% decline, indicating pronounced weakness in altcoins. … Read more

Home Depot now has an app-controlled version of its viral Halloween skeleton

The summer isn’t halfway over, and Home Depot already wants you to start thinking about Halloween. After introducing a limited-edition animated version of its 12-foot-tall skeleton decoration last year, the hardware company is hoping for more viral fame this year with a new Ultra Skelly. At 6.5 feet tall, it’s much smaller than the original … Read more