Key Indicators to Watch in Q4: Bitcoin Seasonal Trends, XRP/BTC, Dollar Index, Nvidia, and More

This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. As we approach the final quarter of 2025, the following key charts provide valuable insights to help crypto traders navigate the evolving market landscape. Bullish seasonality Seasonal trends suggest a bullish Q4 outlook for both bitcoin (BTC) and ether (ETH), the … Read more

China Inaugurates Digital Yuan Operation Centre to Push CBDC Integration: Report

China has quietly taken a bold step in its bid to expand the global footprint of its digital currency. On Thursday, the People’s Bank of China (PBOC) inaugurated an international operations centre for its central bank digital currency, the digital yuan (e-CNY) in Shanghai, according to a report from the South China Morning Post. PBOC … Read more

KuCoin Faces $14M Canadian Action in Registration, Money Laundering Controls Dispute

KuCoin is appealing a Canadian enforcement action in which the exchange was accused of failing to register as a money-services business and failing to maintain proper defenses against money laundering, a case that led to a penalty of more than $19 million ($14 million U.S.). That unusually large penalty from the Financial Transactions and Reports … Read more

Onchain Asset Management is Booming; Here’s Where People Are Investing

Crypto trading firm Keyrock says onchain asset management is having a breakout year. In a new report, the firm estimated that assets under management (AUM) have surged 118% in 2025 to $35 billion, driven by growth across automated yield vaults, discretionary strategies, structured products and credit. Keyrock predicts that the sector could nearly double again … Read more

Centrifuge Launches Tokenized S&P 500 Index Fund on Coinbase’s Base Network

Real-world asset specialist Centrifuge has launched what it calls the first licensed S&P 500 index fund on blockchain rails, opening one of the world’s most recognized equity benchmarks to on-chain investors. The Janus Henderson Anemoy S&P 500 Fund, dubbed SPXA, went live on Thursday on Base, an Ethereum layer-2 network developed by crypto exchange Coinbase. … Read more

Cloudflare Unveils U.S. Dollar Stablecoin for AI-Powered Internet Economy

U.S.-listed cloud company Cloudflare (NET) announced plans to intorduve a U.S. dollar stablecoin for what it calls the “agentic web,” where autonomous AI agents perform tasks like booking flights or ordering groceries. The company said on Thursday that the token, dubbed NET Dollar, will enable instant and secure transactions for software agents, developers and creators. … Read more

Circle Examines Ways to Reverse Transactions to Counter Fraud, Disputes: FT

Circle Internet, (CRCL) is examining ways of reversing transactions involving its stablecoin, USDC, the Financial Times (FT) reported on Thursday. The issuer of the second-largest stablecoin is “thinking through … whether or not there’s the possibility of reversibility of transactions,” the company’s president, Heath Tarbert, said in an interview with the newspaper. Stablecoins, tokens pegged … Read more

Bitcoin Falls Below $111K, Crypto Stocks Plunge as GDP Revision Dampens Rate Cut Odds

Crypto prices took another leg lower on Thursday while crypto-related stocks sold off after U.S. economic growth was revised sharply higher. The U.S. government reported that gross domestic product expanded at a 3.8% annualized rate in the second quarter, up from 3.3% in the previous estimate and well above the 3% initially reported. Alongside, initial … Read more

Crypto for Advisors: Kevin O’Leary talks Crypto Strategy

In today’s “Crypto for Advisors” newsletter, Kevin O’Leary, entrepreneur and investor, shares both his opinion and crypto investment thesis and how they’ve both changed over time. Then, Leo Mindyuk, CEO of MLTech answers questions about how everyday investors can access these investments in “Ask an Expert.” – Sarah Morton Unknown block type “divider”, specify a … Read more

PayPal Taps Spark to Boost PYUSD Liquidity by $1B Through DeFi Lending

PayPal and decentralized finance platform Spark have teamed up to grow liquidity for PayPal USD (PYUSD) onchain, aiming to scale deposits from $100 million today to $1 billion in the weeks ahead. PYUSD, issued by Paxos and pegged to the U.S. dollar, was recently onboarded to SparkLend, Spark’s lending marketplace. The integration gives users the … Read more

SharpLink Gaming Set to Tokenize Its Equity on Ethereum With Superstate

SharpLink Gaming (SBET), the Ethereum treasury firm led by Joseph Lubin, unveiled plans on Thursday to tokenize its equity on the Ethereum blockchain as the stock tokenization trend is gaining steam. The Minnesota-based firm said it has tapped tokenization specialist Superstate as its digital transfer agent, while its equity token will be natively issued through … Read more

CoinDesk 20 Performance Update: Index Drops 4.3% as All Constituents Trade Lower

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 3896.07, down 4.3% (-174.7) since 4 p.m. ET on Wednesday. None of the 20 assets is trading higher. Leaders: BTC (-1.9%) and BCH (-2.1%). Laggards: AVAX (-11.4%) and NEAR … Read more

Wall Street Wants in on DeFi. Here’s How to Make It Happen

For years, decentralized finance, or “DeFi,” was treated in traditional finance circles as little more than a speculative casino, frivolous and potentially destabilizing. That perception is changing fast. Hedge funds are experimenting with on-chain liquidity pools, major asset managers are piloting blockchain settlement, and digital asset treasury companies (DATs), chasing the wildly successful strategy of … Read more

Securitize Expands to Sei, Debuting With Apollo’s $112M Tokenized Credit Fund

Securitize, a platform for tokenizing real-world assets, is expanding to the Sei blockchain with the tokenized Apollo Diversified Credit Fund (ACRED) the first to debut on the network. The move introduces tokenized private credit to Sei for the first time, the firm said. ACRED, which has $112 million in total value according to RWA.xyz, acts … Read more

Cipher Mining Stock Gains 5% on Google AI Hosting Deal

The artificial intelligence and high performance computing sector continues to boom, with Google set to acquire warrants to buy roughly 24 million shares of Cipher Mining (CIFR), equal to about 5.4% equity ownership, as part of a 10-year AI hosting deal with Fluidstack. The agreement underscores Google’s deeper push into AI infrastructure while boosting Cipher’s … Read more

Crypto Markets Today: AVAX Open Interest and Price Tanks, HYPE Underperforms

The crypto market slid early Thursday as ether, the second-largest token, dropped more than 3% to below $4,000. The decline triggered large liquidations, including a multimillion dollar loss for one whale. Bitcoin (BTC) also fell 1.5% to $115,600, nearly erasing gains from Wednesday’s rebound. Other major cryptocurrencies followed suit amid declines in Nasdaq and S&P … Read more

U.S. Treasury Action to Blame for Bitcoin’s Break From Global M2, Raoul Pal Says

Raoul Pal, founder of Global Macro Investor, has drawn attention to a widely circulated chart that compares bitcoin’s (BTC) movements with global M2 money supply. The chart shows that since early 2023, bitcoin has tended to track global M2 money supply with a consistent 12-week lag, implying that changes in liquidity conditions filter through to … Read more

Hong Kong Monetary Authority Warns Against Unregulated Stablecoin Issuance

The Hong Kong Monetary Authority (HKMA) warned investors it has not approved any stablecoin issuers, labeling the marketing of such products as illegal, the SCMP reports. The statement came after Hong Kong-based AnchorX announced the introduction of AxCNH, a stablecoin pegged to the offshore Chinese yuan. The company said it held a license from Kazakhstan’s … Read more

Stablecoin Startup RedotPay Attains Unicorn Status With $47M Raise for Regulatory Push

RedotPay, a Hong Kong-based payments fintech, said it raised $47 million in strategic investment, bringing in Coinbase Ventures as a new backer in a round that lifted its valuation above $1 billion, giving it so-called unicorn status. The round included contributions from existing investors Galaxy Ventures and Vertex Ventures, the company said in a Thursday … Read more

M2 Capital Invests $20M in Ethena to Expand Digital Assets in Middle East

M2 Capital Limited, the investment arm of UAE-based M2 Holdings, has invested $20 million in Ethena’s governance token, ENA. The move underscores a push to connect Middle Eastern investors with new digital asset infrastructure at a time when the region is seeking a larger role in global finance. Ethena is best known for its crypto-native … Read more

Ether Whale Books $45M Loss as ETH Falls Below $4K

An ether (ETH) whale took a multi-million dollar loss on its bullish bet on Thursday after the cryptocurrency’s price dipped below $4,000 for the first time since Aug. 8. The whale address labelled 0xa523 had its leveraged bullish position worth 9,152 ETH ($36.4 million) forcibly liquidated by the decentralized exchange Hyperliquid, according to blockchain analyst … Read more

Nine European Banks Join Forces To Issue MiCA-Compliant Euro Stablecoin

Nine major european banks have joined forces to launch a euro-denominated stablecoin regulated under the trading block’s Markets in Crypto Assets regime (MiCA). The banking giants involved are: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International. Earlier this year, CoinDesk reported that Dutch bank ING was working on a … Read more

Australia Looks To Bring Crypto Under Financial Services Framework With New Draft Legislation

The Australian treasury revealed a new draft proposal for crypto firms in the country, requiring them to hold licenses and be treated as financial products. The proposal would require crypto firms to hold financial service licenses, effectively bringing them under the wing of the country’s securities regulator, Australian Securities and Investments Commission (ASIC). Digital asset … Read more