CoinDesk

Bitmine Immersion Technologies (BMNR), the ether treasury strategy firm helmed by Fundstrat’s Thomas Lee, is rebounding on Wednesday on news that prominent tech investor Peter Thiel invested in the company. According to a Tuesday filing to the U.S. Securities and Exchange Commission (SEC), Thiel purchased 9.1% of the firm’s common shares through various investment funds. … Read more

Disclaimer: The analyst who wrote this article owns shares in Strategy. Jim Chanos, the founder of Kynikos Associates who famously shorted U.S. energy giant Enron before it collapsed in 2001, has set his sights on Strategy (MSTR), arguing the bitcoin (BTC)-buying company’s premium valuation over its holdings of the largest cryptocurrency is unjustified. Chanos has … Read more

Everyone’s rushing into stablecoins, but the numbers look… the same. In Q2, it felt like you couldn’t go a day without a major stablecoin announcement. JPMorgan launched its USD Deposit Token on Base. Coinbase debuted its stablecoin payment stack following the Shopify partnership. Anchorage Digital acquired USDM issuer Mountain Protocol. Ubyx raised $10 million for … Read more

Nasdaq-listed Blockchain Technology Consensus Solutions (BTCS) is joining the Russell Microcap Index, giving the Ethereum-focused firm greater exposure among investors who track the benchmark for smaller U.S. companies. The Maryland-based firm announced earlier this month a $100 million funding plan to acquire more ETH for its balance sheet. The firm says it runs blockchain operations … Read more

Ethereum scaling network Arbitrum’s token ARB is gaining on Wednesday as speculation swirled that the network could be next where PayPal’s U.S. dollar stablecoin PYUSD will be deployed. The network was recently added to PayPal’s cryptocurrency terms and conditions webpage as a supported chain for PYUSD, alongside Ethereum and Solana SOL where the token is … 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 3701.0, up 2.7% (+97.31) since 4 p.m. ET on Tuesday. Nineteen of 20 assets are trading higher. Leaders: LINK (+4.5%) and HBAR (+4.4%). Laggards: ICP (-0.4%) and SUI (+0.6%). … Read more

What to know: XRP rose 1.79% from $2.89 to $2.95 between July 15 13:00 and July 16 12:00, after dropping as low as $2.84 early in the session. Trading volume spiked to 134.08 million during the initial decline, with strong buy-side absorption near $2.84–$2.85. In the final hour, price rebounded from $2.94 to $2.95 on … Read more

José Fernández da Ponte, formerly the head of blockchain at PayPal, has left the fintech giant, where he oversaw the roll-out of digital currencies and stablecoins, to become president and chief growth officer of the Stellar Development Foundation (SDF). The foundation also said it appointed Jason Karsh, a former Block and Blockchain.com executive, as chief … Read more

Talos, an institutional trading technology provider for digital assets, is set to acquire crypto data firm Coin Metrics in a deal exceeding $100 million, according to a person familiar with the matter. The acquisition will combine Talos’s execution and portfolio management infrastructure with Coin Metrics’ blockchain analytics, market data, and index products, creating what the … Read more

BNB rose nearly 2% over the past 24-hour period to near the $700 mark, lifted by growing buyer appetite amid a wider cryptocurrency market rally. Across the broader crypto market, Binance maintained its grip as the top exchange in the second quarter, handling more than 35% of global trading volume, according to TokenInsights’ latest report. … Read more

Midas, a financial tokenization platform, said it is introducing two tokenized investment products on Etherlink, an Ethereum-compatible layer-2 overlay system for faster and cheaper transactions, built using the Tezos blockchain. The new products, mMEV and mRe7YIELD, are designed to offer opportunities in decentralized finance (DeFi) and are monitored by MEV Capital and Re7 Capital, respectively, … Read more

EMBARGO: July 16 – 8am ET Aethir, a decentralized GPU cloud network, teamed up with Credible Finance, a lending protocol, to introduce what they say is the first credit card and loan product powered by a decentralized physical infrastructure network (DePIN). The move is designed to give Aethir’s native ATH token holders and node operators … Read more

BONK surged 18.2% over the past day, breaking decisively through multiple resistance levels to settle at $0.00003343 – its highest price in months. The rally comes amid renewed optimism in crypto markets, with altcoins leading a charge that saw total market capitalization edge higher on the back of rising open interest and technical momentum. From … Read more

PEPE surged more than 6% over the last 24 hours, climbing to $0.00001285. Volatility remained intense, with the token swinging between $0.000011981 and $0.000013081, a nearly 9% intraday range. While PEPE’s performance stands out, the CoinDesk Memecoin Index (CDMEME) surged 7.12% in the last 24 hours. That compares with a 3.3% gain in the CoinDesk … Read more

China Merchants Bank’s (CMBI) brokerage arm has attained a virtual assets license from Hong Kong, becoming the first Mainland China broker to do so, South China Morning Post (SCMP) said. The license, which was issued on Monday by the Hong Kong’s Securities and Futures Commission, will allow the lender’s brokerage arm to offer crypto asset … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Traders are waking up to discover the crypto rally still has legs. Bitcoin (BTC) is up 2% over the past 24 hours to $119,000 after U.S. consumer-price data stirred talk that tariffs are feeding inflation. Even though the dollar strengthened after the Tuesday report, demand pushed … Read more

This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Re-test of record highs likely Bitcoin’s (BTC) hourly chart shows that prices have risen out of the descending channel, forming a higher low at around $117,000 early today. Additionally, prices have crossed above the … Read more

A new Bitcoin draft proposal wants to do what’s long been unthinkable: Freeze coins secured by legacy cryptography — including those in Satoshi Nakamoto’s wallets — before quantum computers can crack them. That’s according to a new draft proposal co-authored by Jameson Lopp and other crypto security researchers, which introduces a phased soft fork that … Read more

Eclipse, the layer 2 that combines technology from the Ethereum and Solana blockchains has gone live with an airdorp of its $ES token. The team behind the network shared that the initial distribution will occur over the next 30 days. According to a press release shared with CoinDesk, a total of 1 billion $ES tokens … Read more

Ripple has expanded its institutional custody services into the Middle East, partnering with UAE-based tokenization platform Ctrl Alt to support Dubai’s government-led real estate digitization initiative. The deal, announced on Tuesday, will see Ctrl Alt use Ripple’s custody infrastructure to store tokenized property title deeds issued by the Dubai Land Department (DLD) on the XRP … Read more

Disclaimer: The analyst who wrote this article owns shares in Strategy. Strategy’s (MSTR) aggressive bitcoin BTC acquisition strategy has dramatically boosted the value of its convertible debt. With bitcoin steady near its record price and the company’s shares rebounding toward $450, five of the six bonds outstanding are deep in the money, meaning the stock … Read more

Crypto exchange BigONE has confirmed a $27 million breach stemming from a hot wallet exploit on July 16 and states that all user funds will be fully reimbursed. In an official statement, the exchange said it detected “abnormal movements” tied to a third-party attack and has since identified and contained the vector. All private keys … Read more

Bitlayer’s BitVM Bridge launched its mainnet on Wednesday, enabling bitcoin (BTC) liquidity for decentralized finance through a trust-minimized framework. The bridge keeps users’ BTC safe by locking it in the BitVM smart contract that operates under the assumption that at least one honest market participant exists, ready to expose malicious attempts to move funds. This … Read more

The CME’s nascent XRP futures market is growing fast as sophisticated investors gravitate to the payments-focused cryptocurrency. Together, the standard and micro futures registered a total trading volume of $235 million on Friday, the highest on record. The tally takes the cumulative trading since inception on May 19 to $1.6 billion, according to data source … Read more

Ethereum’s native token ether (ETH), is gaining ground against bitcoin (BTC), as the impending GENUIS Act is likely to ban yield-bearing stablecoins that promise interest-like returns, according to Markus Thielen, founder of 10x Research. The Binance-listed ether-bitcoin ratio, representing ether’s BTC-denominated price, rose over 5.96% to 0.02670 on Tuesday, registering its best performance since May … Read more

The U.S. is on the verge of passing landmark crypto legislation, and if it succeeds, the impact could be profound, not only by unlocking growth, but by significantly reducing risk, asset manager Bitwise said in a report on Monday. The growth story is straightforward according to Bitwise. Regulatory clarity would empower major financial institutions, such … Read more

Mary-Catherine Lader, President and COO of Uniswap Labs, has stepped down after four years leading the development company behind one of the most prominent decentralized exchanges (DEX). A former BlackRock executive, Lader joined Uniswap in 2021 to help bridge traditional finance and decentralized protocols. During her tenure, Uniswap Labs expanded the protocol’s reach across multiple … Read more

What to know: DOGE rose 5.05% from $0.190 to $0.200 between July 15 05:00 and July 16 04:00, trading in a $0.011 range with 5.48% volatility. Volume spiked to 464.28 million during the 23:00–00:00 window, crushing the 24-hour average of 287.95 million. Breakouts occurred at 12:00 and again in the evening session, lifting DOGE past … Read more

What to know: XRP traded in a narrow 4.08% range between $2.82 and $2.93 from July 15 04:00 to July 16 03:00, closing at $2.89 for a 1.8% daily gain. Corporate breakout attempts above $2.92–$2.93 failed four times (12:00, 13:00, 17:00, 18:00) as coordinated institutional selling emerged. Market makers and treasury desks provided strong support … Read more

Bitcoin (BTC) hovered near $118,000 during the Asian trading hours on Wednesday, consolidating gains after June’s U.S. CPI data signaled further disinflation, pushing traders to reprice odds of a September Fed rate cut. Core CPI rose just 0.1% month-over-month for the fifth straight time, fanning bullish sentiment across crypto markets despite broader equity weakness. “The … Read more