Temu users in the European Union are at “high risk” of coming across illegal products while shopping on the platform, as reported earlier by The Financial Times. Preliminary findings from the European Commission’s investigation into the platform uncovered baby toys, small electronics, and other items on Temu considered counterfeit, unsafe, or “non-compliant.” Last year, the … Read more
Microsoft will let Gamescom attendees play a demo of the long-awaited Hollow Knight: Silksong on the new ROG Xbox Ally handhelds. It’s part of more than 20 titles that will be available at the Xbox booth at Gamescom, including a new theater experience to demonstrate The Outer Worlds 2. Silksong will be available to play on the new … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 4105.18, up 5.0% (+194.55) since 4 p.m. ET on Friday. All 20 assets are trading higher. Leaders: AVAX (+16.2%) and HBAR (+11.9%). Laggards: LTC (+1.8%) and BTC (+1.8%). The … Read more
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Michael Saylor’s Strategy did not purchase any Bitcoin last week, reporting just two acquisitions in July totaling 10,445 BTC, a 39% drop from June.
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A popular pseudonymous crypto analyst on X known as “Wolf has outlined a bullish roadmap for ether, predicting the second-largest cryptocurrency could hit $13,000 as early as the fourth quarter. While $13,000 is his optimistic scenario, Wolf’s conservative target still places ETH above $8,000 — more than double its current level. In a chart-based post … Read more
Bitcoin (BTC) mining profitability increased 5.3% in June, buoyed by a 1.2% increase in the cryptocurrency’s price and a 6.7% drop in the network hashrate, according to a report by investment bank Jefferies. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a … Read more
Grove, a credit protocol in the Sky (formerly MakerDAO) ecosystem, is expanding to the Avalanche (AVAX) network with plans to allocate up to $250 million into tokenized credit products, the companies said Monday. Grove will invest in the Janus Henderson Anemoy AAA CLO Fund (JAAA) issued through Centrifuge, a blockchain platform that specializes on tokenization. … Read more
Grove will deploy two Janus Henderson products on the Avalanche blockchain, targeting US Treasurys and collateralized loan obligations.
MetaMask, the Ethereum-based crypto wallet, is offering its users the ability to earn interest on their stablecoins thanks to a new partnership with decentralized lending protocol Aave. The feature, called Stablecoin Earn, gives MetaMask’s million-plus users access to yield on USDC, USDT and DAI without leaving their wallet. The earnings come from Aave’s lending infrastructure, … Read more
Monero is facing a controversial, economically powered hashrate takeover attempt by Qubic, a mining pool and crypto network led by Iota co-founder Sergey Ivancheglo.
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Bitcoin and Ethereum ETFs broke records in July with $11.2 billion monthly inflows, as ETH funds continue to outpace Bitcoin.
Mill City Ventures III, a publicly traded specialty finance firm, is making a dramatic pivot into crypto with the announcement of a $450 million private placement that will largely fund a new treasury strategy centered on SUI, the native cryptocurrency of the Sui blockchain. Roughly 98% of the funds will be used to purchase SUI … Read more
Zodia Markets, the crypto trading firm majority-owned by Standard Chartered (STAN), has raised $18.25 million led by Pharsalus Capital. The Series A funding round will be used to support Zodia’s international expansion effort and further develop its stablecoin payments services, according to an announcement on Monday. Zodia is aimed at financial institutions, offering them a … Read more
BNB rose over 6.6% in the last 24-hour window as a wave of corporate treasury purchases and a recently announced trade deal between the U.S. and the European Union (EU) drove trading activity upward. The trade deal has seen equities in Europe climb in today’s trading session and boosted Wall Street futures as well. It … Read more
Wall Street bank JPMorgan reshuffled ratings and price targets on a group of bitcoin miners to begin the week. Updating estimates for the group to reflect second-quarter earnings and changes to the network hashrate and the bitcoin price, the bank upgraded MARA Holdings (MARA) to overweight and lifted its price target to $22 from $19, … Read more
Binance Smart Chain’s native token BNB has hit a new all-time high, as other major altcoins begin to climb.
Quinn Campbell says the future of on-chain games depends on building a system that can fail fast—and learn faster.
On July 18th, a federal judge in Texas scheduled what will likely be the final hearing in the case of United States v. The Boeing Company. After five years of litigation, the end result can only be described as a victory for Boeing – and a permanent setback for those who hoped that the company … Read more
Murad Mahmudov-labelled wallets from data aggregator DropsTab suggest that the influencer sits on $68 million in memecoin profit.
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Correction risks mount Bitcoin (BTC) continues to trade directionless near $120,000 amid data from the Deribit-listed options showing a significant positive dealer gamma at the $120,000 and $120,500 strikes. When dealers have a positive … Read more
Anatoly Yakovenko dismissed meme coins and NFTs as having “no intrinsic value” in a discussion with Base creator Jesse Pollak.
OKX says it is the first global crypto exchange to launch regulated derivatives products for retail traders in the United Arab Emirates (UAE), offering access to futures, perpetual contracts, and options with up to 5x leverage. The launch falls under the Virtual Assets Regulatory Authority (VARA)’s pilot framework, which allows select platforms to test innovative … Read more
Can two decentralized exchanges really transform the entire landscape of on-chain perpetual trading? The answer appears to be yes, as SpookySwap and THENA have just made history by becoming the first DEXs to integrate Orbs‘ revolutionary Perpetual Hub Ultra technology. This groundbreaking development promises to bring institutional-grade perpetual trading to decentralized finance, complete with up … Read more