CoinDesk

South Korea’s finance regulator has informally warned local asset managers to reduce their exposure to crypto exchange-traded funds (ETF) and U.S.-listed digital asset firms, according to a report by the Korean Herald. The Financial Supervisory Service (FSS) verbally told several firms to limit their exposure to Coinbase (COIN) and Michael Saylor’s Strategy (MSTR), to comply … Read more

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Mistral AI recently offered a rare benchmark in the Artificial Intelligence … Read more

Well-known digital asset investor Dan Tapiero is merging private equity firms 10T Holdings and 1RoundTable Partners under a new brand 50T, reflecting his forecast that the digital asset ecosystem will reach a market value of $50 trillion in the next decade. “50T is a natural evolution from our original thesis in 2020 when we launched … Read more

The Securities and Exchange Commission approved — then abruptly paused — Bitwise’s plan to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot exchange-traded fund (ETF) on Tuesday, raising fresh uncertainty around the agency’s standards for crypto ETFs. The fund holds 90% of its weight in bitcoin (BTC) and ether (ETH), with the … Read more

Ethereum’s validator exit queue swelled on Tuesday to its longest wait time in more than a year, that could signal a rush among stakers to pull funds after a major price rally in ether (ETH). There was nearly 519,000 ETH as of Tuesday U.S. afternoon, worth $1.92 billion at current prices, in line to exit … Read more

Polymarket, the cryptocurrency-powered prediction market that recently attained a billion dollar valuation, is deciding whether to introduce its own customized stablecoin, or accept a revenue sharing deal with Circle based on the amount of USDC held on the platform, according to a person familiar with the plans. Polymarket’s motivation to create its own stablecoin is … Read more

The Financial Times reports that JPMorgan, the world’s biggest bank, is looking into issuing crypto-backed loans, meaning that its clients may soon be able to pledge bitcoin, ether, or some other token to borrow dollars. The news is notable for a couple of reasons. Crypto folks love pointing out that Jamie Dimon, the bank’s chief … Read more

Federal authorities have dropped a criminal investigation into Jesse Powell, co-founder and former CEO of cryptocurrency exchange Kraken. The FBI investigation, which began in 2023, was looking into the non-profit Verge Center for the Arts’ allegations that Powell hacked its computer accounts and obstructed access to emails. His home was also searched when the investigation … Read more

Toncoin (TON) extended its impressive rally Monday after Telegram began rolling out its TON Wallet to 87 million users across the United States. The update enables seamless crypto transfers and staking directly within the messaging app’s interface — with no need for external downloads, extensions, or logins. The TON Wallet, developed by The Open Platform … Read more

Global crypto tax reporting still has major cracks — and tokenized stocks may be the catalyst that forces the system to catch up. In recent weeks, platforms like Robinhood and Gemini have started offering tokenized stocks to users in the European Union. These blockchain-based derivatives mimic the price of real equities like Apple and Tesla … Read more

Ethereum introduced smart contracts to the world and spurred a Cambrian Explosion of innovation, including DeFi, NFTs, DAOs, and a universe of dApps. On July 30, the network will hit its 10 year anniversary. The past decade of the ecosystem focused on proving Ethereum’s functionality and capabilities as well as enhancing efficiency through upgrades like … Read more

PEPE fell around 2% in the last 24-hour period as part of a broader 5% sell-off that started amid a crypto market slowdown and a wave of high-volume selling. The price slid from $0.000014268 to $0.000013568 during the session, with 349 billion tokens offloaded during the move, according to CoinDesk Research’s technical analysis data model. … Read more

ATOM, the native token of the Cosmos network, tumbled 5% in the past 24 hours as Bitcoin regained momentum, pulling market attention back to large-cap assets. The move comes after last week’s “altcoin season,” where ATOM and other mid-cap tokens outperformed BTC in a broad rally. ATOM fell from $5.26 to $4.98 between July 21 … Read more

President Trump ran and won on a bold promise: to make America the global capital of cryptocurrency and blockchain innovation. Now, with a Republican House, a Republican Senate, and a Republican President, we have both the mandate and the responsibility to deliver. Last week, we made historic progress. President Trump signed into law Senator Bill … Read more

The U.S. Senate is marching on in its effort to craft rules and regulations for the vast majority of the crypto market, releasing a discussion draft of a market structure bill that more clearly defines some of the frameworks the lawmakers are contemplating. The 35-page draft released Tuesday formulates new definitions for digital assets that … Read more

BNB’s price slipped nearly 1.5% in volatile trading over the last 24-hour period to trade recently around $765. It’s down from a near $780 high earlier this week. The move carved out a $34.87 range in a short window as institutional selling hit the market and buyers scrambled to defend key support. Trading volume spiked … Read more

Venture capital heavyweight a16z Crypto led a $15 million seed-round investment into Poseidon, a decentralized artificial intelligence (AI) data layer. Poseidon is built to provide access to training data for robotics and AI models that is “traceable, enforceable and monetizable,” according to an emailed announcement on Tuesday. The project was incubated by intellectual property (IP)-based … Read more

EDX, which operates an institutional focused crypto exchange in the U.S. backed by the likes of Citadel, Fidelity and Virtu, has launched a global trading platform featuring perpetual futures, according to a press release on Tuesday. EDX International, based in Singapore, is offering trading in 44 cryptocurrency pairs, including bitcoin (BTC), ether (ETH), Solana’s SOL … Read more

Ether’s multi-week climb toward the $4,000 level has faced resistance, with the token falling more than 3% to around $3,696. While bulls remain confident the uptrend is intact, recent price action has exposed some technical fragility — just as institutional buyers continue ramping up accumulation. The latest ETH pullback follows two strong weeks of gains … Read more

Internet Computer (ICP) dropped 4.85% to $5.9149 on Tuesday, posting a low of $5.81 after peaking at $6.25 the previous day. Despite bullish headlines – a new partnership between Internet Computer developers DFINITY Foundation and indexing firm Maestro – the token succumbed to broad market rotation out of altcoins, including AI- and DeFi-linked assets. Read … Read more

BONK traded in a wide 8% range from $0.0000328 to $0.0000358 between July 21 and July 22, ultimately falling 4% lower at $0.00003494. Despite the decline, the Solana-based meme token demonstrated resilience by defending key support at the $0.000033 level, where heavy trading volume signaled strong buyer interest. A sharp rally saw BONK briefly spike … Read more

U.S.-listed spot bitcoin exchange-traded funds saw net outflows of $131.4 million on Monday, breaking a 12-day streak of uninterrupted inflows that brought in over $6 billion, according to data from Farside Investors. The pullback came as bitcoin (BTC) itself traded mostly flat to start the week. Prices continue to hover in a tight range on … Read more

Crypto companies in the U.K. have almost certainly been under-reporting breaches of financial sanctions since as far back as 2022, the Office of Financial Sanctions Implementation (OFSI) said in a Monday report, as the nation imposed more sanctions on Russia. The report, which is a sanctions threat assessment focused entirely on crypto, said most of … Read more

NEAR Protocol slid sharply on Monday as intense selling pressure gripped the market, with the token breaking critical support levels despite surging trading volumes. The retreat comes as Bitcoin shows renewed strength, overshadowing last week’s “altcoin season” that saw smaller tokens briefly outperform the leading cryptocurrency. During the 24-hour period ending 22 July 14:00 UTC, … Read more

Nasdaq-listed biotech firm Windtree Therapeutics has entered into a strategic partnership with crypto exchange Kraken to manage its BNB-focused crypto treasury program, the companies announced Tuesday. The deal will see Kraken handle custody, trading and over-the-counter (OTC) execution of BNB assets for Windtree. So far $60 million has been raised, and another $140 million could … Read more

PNC Bank (PNC) is partnering with Coinbase (COIN) to offer its institutional and banking clients access to cryptocurrency services, the companies said Tuesday. The collaboration will use Coinbase’s “Crypto-as-a-Service” infrastructure to let PNC clients buy, hold and sell digital assets securely. PNC will also provide banking services to Coinbase, deepening the operational ties between the … Read more

Bitcoin mining firm Bitfarms (BITF) surged on Tuesday as the company announced to buy back up to 10% of its common stock’s public float. The Toronto-based company said the buyback plan, beginning July 28, will let it acquire up to nearly 50 million shares on the open market through the Nasdaq and Toronto Stock Exchange … Read more

SharpLink Gaming (SBET), the ether (ETH) treasury company led by Ethereum co-founder Joseph Lubin, continued its buying spree bringing total holdings above $1.3 billion. The firm said in a Tuesday press release that it acquired 79,949 ETH over the last week at an average price of $3,238, its largest weekly purchase ever. With the latest … 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 4140.04, up 0.2% (+9.67) since 4 p.m. ET on Monday. Four of 20 assets are trading higher. Leaders: SOL (+3.6%) and BTC (+1.9%). Laggards: AAVE (-3.3%) and UNI (-2.3%). … Read more

Citadel Securities is pressing U.S. regulators to slow down on new rules that would enable widespread trading of tokenized securities, citing concerns about market disruption and investor confusion. In a letter to the U.S. Securities and Exchange Commission’s Crypto Task Force, the market-making firm argued that allowing these blockchain-based products to advance without a clear … Read more