Month: August 2025

Chainlink’s LINK token jumped 18% to $26.05 on Sunday, according to CoinDesk Data, pacing the top 50 cryptocurrencies by percentage gain as analysts and traders cited momentum and recent fundamental catalysts. What Analysts Are Saying Altcoin Sherpa described LINK as “one of the best coins right now,” pointing to chart strength that could carry toward … Read more

A pervasive calm has taken hold of asset classes as traders look forward to Federal Reserve (Fed) Chairman Jerome Powell’s speech at the annual Jackson Hole Symposium, scheduled for Aug. 21-23. Bitcoin’s (BTC) 30-day implied volatility, as measured by Volmex’s BVIV and Deribit’s DVOL index, has declined sharply in recent months, hovering near two-year lows … Read more

Bitcoin (BTC) mining profitability increased 2% in July as the price of the world’s largest cryptocurrency rose 7% while the network hashrate jumped 5%, investment bank Jefferies said in a research report on Friday. “We see positive BTC price momentum as most favorable for Galaxy’s (GLXY) digital assets business, while miners fight a rising network … Read more

Bitcoin (BTC) hovered near $118,348 on Sunday, up 0.39% in 24 hours, as two analysts outlined paths that could test traders’ nerves: a dip toward $108K–$112K or a drawn-out range with room for altcoins. Lark Davis argues that if bitcoin continues to slide, the most likely landing zone is $108,000–$112,000. That range served as a … Read more

Terra/Luna creator Do Kwon pleaded guilty to one charge of conspiring to commit fraud and one charge of wire fraud on Tuesday, following an earlier not guilty plea and a very lengthy extradition process. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up … Read more