Crypto exchange Kraken on Tuesday debuted its U.S.-regulated crypto derivatives trading platform as it eyes expansion into a broader set of asset classes. Dubbed Kraken Derivatives US, the marketplace integrates futures trading with spot crypto markets, giving traders a single interface to manage margin and risk. The service allows for instant collateral transfer between spot … Read more
Bitcoin project Roxom is preparing to launch a bitcoin (BTC)-denominated stock exchange. Roxom will debut the new exchange in September with a waitlist now open for early access, according to an emailed announcement shared with CoinDesk on Tuesday. The San Francisco-based project said the exchange will “reflect the Bitcoin white paper’s original vision of a … Read more
AI is no longer an emerging technology. It’s here, and it’s becoming the bedrock of modern civilization. Just as electricity transformed the 20th century and the Internet transformed the 21st, AI is reshaping how we work, govern, and live. Soon, every major institution, from hospitals to the military, will integrate AI into their core operations, … 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 3578.43, down 1.3% (-47.45) since 4 p.m. ET on Monday. Two of 20 assets are trading higher. Leaders: SUI (+3.4%) and XLM (+2.2%). Laggards: BCH (-3.1%) and POL (-2.8%). … Read more
Dakota, a crypto-integrated banking platform for businesses, has raised $12.5 million in a Series A round to expand its borderless banking services, the firm said on Tuesday. The investment was led by CoinFund, with participation from 6th Man Ventures and Triton Ventures. The announcement comes at a time when stablecoins, or cryptocurrencies tied to an … Read more
Boundless, the decentralized zero-knowledge (ZK) compute marketplace powered by RISC Zero, has launched its incentivized testnet (which it is calling “Mainnet Beta”) on Base, Coinbase’s Ethereum layer-2 network. With Boundless’ incentivized testnet, developers can build and test applications in an environment as if the protocol is in fully live format. The network has already landed … Read more
Deribit, the world’s largest crypto options exchange, has announced a new rewards program for eligible USDC holders to enhance users’ collateral choices and boost overall capital efficiency on the platform. These payments are possible because Deribit leverages Coinbase as a custody solution for USDC and Coinbase, in turn, pays rewards to those holding USDC through … Read more
Inflation in the U.S. perked up in June but was mostly in line with expectations, perhaps helping to set the stage for another Federal Reserve rate cut as soon as September. The headline Consumer Price Index (CPI) rose 0.3% last month versus economist forecasts of 0.3% and just 0.1% in May. On a year-over-year basis, … Read more
PEPE shed nearly 3% in the past day as traders dumped tokens in unusually high volumes, underscoring renewed anxiety in the cryptocurrency space and significant profit-taking. PEPE fell 3% with volatility hitting 7.74%, according to CoinDesk Research’s technical analysis data model. The token saw peaks of $0.00001268 before tumbling to session lows around $0.00001169 early … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s (BTC) bull run stalled, with prices falling 5% from the record high in a classic bull-market pullback. The adverse price action took the wind out of the broader market, too, though exceptions like BONK and PUMP — up 5% on a 24-hour basis — bucked … Read more
A bitcoin (BTC) whale holding more than 80,000 BTC sold a chunk their hoard following bitcoin’s ascent to an all-time high around $123,000 on Monday. The user, who mined the cryptocurrency during the earliest days of the industry — a period known as the Satoshi era after the pseudonymous bitcoin creator — sold 9,000 BTC … Read more
Assessing the role of stablecoins for payments and settlements will be a priority for the Financial Stability Board (FSB), Andrew Bailey, the recently appointed chair of the FSB and governor of the Bank of England, said in a letter to the G20 on Monday. Bailey, who started his role as chair in July, said the … Read more
Two Prime, an SEC-registered investment adviser and institutional lender managing around $1.75 billion in assets, said it secured a $20 million equity investment in a round led by bitcoin (BTC) miner MARA Holdings (MARA). In addition to taking an equity stake in the firm, MARA raised the number of bitcoin allocated for participation in Two … Read more
Filecoin (FIL) crashed 5.6% in the 24-hour trading session from July 14 10:00 UTC to July 15 09:00 UTC, sliding from $2.66 to $2.51, according to CoinDesk Research’s technical analysis model. The model shows that the token posted a volatile 7.52% intraday movement. The slump in token of the decentralized storage network came as the … Read more
Crypto infrastructure firm Function has closed a $10 million seed round led by Galaxy Digital (GLXY), with participation from Antalpha (ANTA) and Mantle, the company said in a press release on Tuesday. The round positions Function, formerly known as Ignition, at the forefront of a growing effort to unlock institutional yield opportunities from bitcoin (BTC), … Read more
Bitcoin’s (BTC) volatility could continue to fall as mainstream acceptance grows and the cryptocurrency is adopted by companies, retail investors and governments, Deutsche Bank said in a research report on Tuesday. Excitement over upcoming legislation in the U.S. has spurred bitcoin’s recent rally, the german lender said, but it is notable that the crypto’s rise … Read more
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Bull Market Pullback Underway The bitcoin (BTC) market rally has stalled in the past 24 hours as expected, but instead of consolidation, prices have pulled back over 5% to $116,800 from record highs in … Read more
Bitcoin BTC retreated from Monday’s record high of $123,000 to trade below $117,000, about 5% below the peak, as investors locked in gains earned during the weekend rally in one of the largest profit-realization events for bitcoin this year. Glassnode data shows that investors collectively realized $3.5 billion in profit over the past 24 hours, … Read more
Cryptocurrency-friendly lender Standard Chartered is claiming bragging rights of being the first global bank to offer spot trading in bitcoin (BTC) and ether (ETH) to institutional clients. The offering, rolled out through the bank’s UK branches, is available initially via our UK entity, during Asia and Europe trading hours, with 24/5 access under consideration as … Read more
Those betting against bitcoin (BTC)-holder MicroStrategy (MSTR) seem to have run out of patience and look to be exiting bearish bets. On Monday, a U.S.-listed exchange-traded fund (ETF) that provides a leveraged bearish exposure to shares of bitcoin holder MicroStrategy sank to lifetime lows on the back of near-record trading activity. Prices for the Defiance … Read more
What to know: XRP fell 8% from $3.02 to $2.78 between July 14 06:00 and July 15 05:00, posting a 7% intraday range between $2.80 and $3.02. Morning volume peaked at 216.12M during a coordinated push to $3.02, before systematic profit-taking set in. A late-session recovery from $2.82 to $2.87 (+2%) occurred during the 04:09–05:08 … Read more
What to know: DOGE dropped 9.52% between July 14 05:00 and July 15 04:00, falling from $0.21 to $0.19 with a $0.022 trading range (10.44% volatility). Major selloffs occurred during the 14:00–15:00 and 01:00–03:00 windows, with volume spikes of 735.09M and 704.60M, crushing the 24-hour average of 415.48M. A sharp reversal began during the final … Read more
A wave of profit-taking and risk-off trading ripped through crypto markets late Monday, with long traders being liquidated for over $406 million in 24 hours. Another $269 million came from short-side losses, taking the total liquidation figure to $675.8 million, marking one of the heaviest wipeouts since April. The heaviest blow landed on bitcoin (BTC) … 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. As bitcoin (BTC) trades near $119,500, having just recently broken through … Read more
Bitcoin BTC cooled off during U.S. trading hours Monday after nearly topping $123,000 earlier in the session, but market top calls are premature, analysts said. BTC slipped below $120,000 late in the U.S. day, shedding most of its overnight advance, but holding on to a modest 0.6% gain over the past 24 hours. Ethereum’s ether … Read more
When Congress established the Securities and Exchange Commission in 1934, it was responding to myriad failures of an antiquated financial system. The regulatory architecture that emerged provided the foundation for nearly a century of American financial dominance. Today, Congress faces a comparable moment: the opportunity to modernize America’s financial infrastructure for the digital age. Two … Read more
The Federal Reserve and other U.S. banking agencies issued another statement on the proper handling of crypto assets on Monday, outlining the appropriate policies that need to be followed for banks engaging in the “safekeeping” of customers’ digital assets. The statement sent out from the Fed, Federal Deposit Insurance Corp. and the Office of the … Read more
Vanguard, the $10 trillion asset manager known in crypto circles for blocking client access to bitcoin ETFs, has emerged as the largest institutional shareholder of Strategy (MSTR), a company whose business model is built around buying and holding bitcoin. According to Bloomberg, Vanguard now owns more than 20 million shares of MSTR — over 8% … Read more
Three different crypto bills could potentially pass through the House of Representatives in the next few days: the GENIUS Act, the Clarity Act, and the Anti-CBDC Act. The “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025” (GENIUS) Act would set up a framework for overseeing stablecoins. It has already passed the Senate, so … Read more
The crypto market is splitting in two. Institutional and retail investors are taking increasingly different paths, with institutional players anchoring themselves in bitcoin BTC and Ethereum’s ether ETH while retail investors pour into altcoins and memecoins, according to a mid-year report from crypto trading firm Wintermute. Analyzing over-the-counter spot trading volumes, institutional trading volumes with … Read more