ATOM surged 3.90% over the past 24 hours, climbing from $4.20 to $4.36 peak before settling at $4.33. The range reflects strong momentum as bulls push through critical $4.31 resistance at 19:00 GMT on July 9. Volume spiked 165% above the daily average, confirming bullish sentiment. Price now consolidates between $4.31-$4.35 as traders digest gains. … Read more
Shares of Bitmine Immersion Technologies (BMNR), the ether (ETH) treasury strategy firm helmed by Fundstrat’s Thomas Lee, slid 20% Thursday, extending a 40% drop from the previous day, as the company disclosed plans to raise up to $2 billion through a stock sale agreement. The selloff comes on the heels of Bitmine closing a $250 … Read more
Today’s Crypto for Advisors newsletter is written by me! Join me as I reflect on the growth of the crypto industry. Then, Kim Klemballa from CoinDesk Indices answers questions on advisors’ minds when it comes to pricing and benchmarking the asset class in “Ask the Expert.” I hope you enjoy our newsletter. Thank you for … Read more
Internet Computer (ICP) posted a strong 4.3% gain in the 24-hour trading period into Thursday, climbing from $4.96 to $5.16, with a high of $5.19. The price action was fueled by significant trading activity and accelerating developer momentum, positioning ICP as one of the top-performing infrastructure tokens of the session. The breakout took shape between … Read more
BONK, a Solana-based memecoin, completed a V-shaped recovery, gaining 4.65% to $0.00002202. The move followed a dip to $0.000020 on July 9 at 15:00 UTC, where institutional accumulation emerged to stabilize price action. The most significant upward momentum occurred between 02:00 and 05:00 on July 10, when BONK surged from $0.000021 to $0.000023, supported by … Read more
Coinbase (COIN) has partnered with AI search engine startup Perplexity AI to give traders easier access to real-time, trustworthy crypto market data, the companies said Wednesday. The move, announced by Coinbase CEO Brian Armstrong on X, aims to help users make faster and better-informed trading decisions by integrating the exchange’s data directly into Perplexity’s AI … Read more
The dollar value locked in open XRP options contracts listed on Deribit is rapidly climbing to a record as the token’s high implied volatility draws yield hunters. The so-called notional open interest (OI) has risen to nearly $98 million from $71 million since the June 27 quarterly expiry, a solid 38% rise in two weeks. … Read more
XRP posted steady gains during the July 9–10 session, pushing 2.6% higher as breakout volume drove the price to a $2.46 intraday peak before late-session profit-taking. Price action ranged $0.092 from a $2.351 floor to a $2.443 high, marking 3.85% volatility over the 23-hour stretch. The breakout was led by a surge in volume to … 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 3272.26, up 0.8% (+24.45) since 4 p.m. ET on Wednesday. Sixteen of 20 assets are trading higher. Leaders: SUI (+6.4%) and AVAX (+3.0%) Laggards: AAVE (-2.7%) and UNI (-1.3%). … Read more
Cardano Foundation, a not-for-profit organization that develops and supports the Cardano network, said it spent $22.1 million on its three core areas last year, a 15% increase from 2023. The money was allocated to adoption, operational resilience and education, according to the report, which is available to view on-chain via the Cardano Foundation’s Reeve tool. … Read more
Sequans Communications (SQNS), a leading cellular semiconductor maker, has announced its acquisition of 370 bitcoin BTC as part of a newly launched bitcoin treasury strategy. The purchase was funded by proceeds from its recent equity and convertible debenture offering that closed on July 7. “We are excited to begin executing our strategic plan to accumulate … Read more
Polkadot’s DOT (DOT) surged as much as 5% in the last 24-hours, climbing from $3.52 to $3.70 as bulls dominated the session, according to CoinDesk Research’s technical analysis model. The model showed that a key breakout occurred at 19:00 on July 9, with DOT spiking to $3.63 on heavy volume of 4.21 million. The rally … Read more
Cryptocurrency miner BIT Mining (BTCM) is shifting its focus to Solana with plans to raise up to $300 million to acquire SOL tokens. BIT Mining said it wants to “capture emerging opportunities across the broader blockchain” industry and attract investors seeking exposure to Solana in an announcement on Thursday. The company’s New York Stock Exchange-listed … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Everyone’s buzzing about bitcoin (BTC) finally catching a bid, setting record prices on several exchanges and igniting bullish excitement. But don’t let the spotlight on BTC cast AI coins into the shadow. Major tokens supposedly associated with artificial intelligence, such as TAO, ICP, RENDER and FET, … Read more
The European Securities and Markets Authority (ESMA), the financial watchdog for the 27-country trading block, has carried out a peer review of Malta’s application of the Markets in Crypto Assets (MiCA) regime, with specific attention to the island’s fast-tracked authorization of a certain unnamed crypto firm. ESMA’s Peer Review Committee (PRC) focuses on the authorization … Read more
Corporate adoption of bitcoin (BTC) accelerated dramatically in Q2, with public companies purchasing 159,107 BTC and bringing their collective holdings to 847,000 BTC valued at $91 billion, according to Bitwise. This represents a 23% increase in holdings quarter over quarter and covers 4% of bitcoin’s total capped supply of 21 million BTC. The average bitcoin … Read more
Video-sharing platform Rumble (RUM) struck a deal with crypto payments provider MoonPay for its forthcoming cryptocurrency wallet, the company told CoinDesk on Thursday. The Rumble Wallet, scheduled to go live in in the third quarter, will integrate MoonPay’s infrastructure to handle seamless conversions between digital assets and fiat currency, and will let users buy, sell … Read more
The international arm of Ant Group, the company backed by Alibaba founder Jack Ma, plans to bring Circle’s USDC stablecoin onto its proprietary blockchain. The rollout will start once U.S. regulators certify the dollar-pegged token under the new federal rules, Bloomberg reported, citing people familiar with the deal. The move would give USDC a link … Read more
Bitcoin (BTC) reached new all-time highs just above $112,000 on Wednesday, although the increase was only marginal compared to the previous peak. Despite the wave of bullish corporate adoption, with public companies adding bitcoin to their balance sheets. On-chain data suggests that bitcoin has more room to run when compared to previous cycle highs. One … Read more
The Reserve Bank of Australia (RBA) will explore the development of wholesale tokenized asset markets alongside an array of industry participants. “Project Acacia” will use stablecoins, pilot wholesale central bank digital currency (CBDC) and bank deposit tokens in 24 use cases of tokenizing a range of asset classes, such as fixed income and private markets. … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s BTC spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000. That’s the message from the daily price chart of BlackRock’s Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag … Read more
Ethereum’s native token, ether ETH, rose nearly 6% Wednesday, outperforming bitcoin (BTC), XRP (XRP) and solana’s SOL (SOL) as expected. The outperformance saw record trading activity in BlackRock’s spot ether exchange-traded fund (ETF), ETHA, listed on Nasdaq. More than 43 million shares of ETHA changed hands Wednesday, the highest single-day tally since the fund’s debut … Read more
An ether (ETH) trader known only by their wallet address became the subject of on-chain attention after a massive short position flipped from deep unrealized profit to a loss in a matter of days. According to data from Lookonchain, wallet address 0xCB92 opened a 50,000 ETH short position on Hyperliquid, which at one point showed … Read more
Justin Sun’s $100 million TRUMP token buy signals a strategic alignment with the U.S. administration’s pro-crypto stance and marks the first of many planned collaborations with the Trump team, the Tron founder told CoinDesk in an interview. This isn’t the first investment the Tron founder has made in projects within the Trump-crypto universe. Sun’s ties … Read more
Shiba Inu’s (SHIB) dollar-denominated price hit a one-month high, charting a bullish trend against Bitcoin. However, the outlook against its rival, dogecoin, doesn’t look as promising. SHIB has gained 5.2% in the past 24 hours, reaching a high of $0.00001255 on Coinbase, the level last seen on June 12. As of writing, the cryptocurrency teased … Read more
XRP (XRP) is hovering above a key support at $2.34, and traders are betting on a breakout toward $2.65 in the coming weeks. A move higher would mark the upper bound of a consolidation range that’s held since December 2024, a range that’s seen steady accumulation even as retail interest waned. Arthur Azizov, founder of … Read more
Pump.fun’s official token, PUMP, is trading at a mark price of $0.0056 on derivatives platform Hyperliquid, a value 40% above its upcoming ICO price, as futures begin pricing in demand ahead of the July 12 token sale. The token’s PUMP-USD perpetual pair went live on July 9 following community requests, offering up to 3x leverage. … Read more
The U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) have attracted billions in investor capital in three months, amid increasing political pressure on the U.S. Federal Reserve (Fed) to cut rates. The relentless flows are now forcing “under-positioned” traders to chase upside through derivatives, reviving the bullish momentum in the cryptocurrency, according to Markus Thielen, founder … Read more
Dogecoin posted a powerful 6% surge during the July 9–10 trading session, blasting through resistance in an explosive rally before retreating into a sharp late-session reversal. News Background: Trade Pause and Rate Bets Fuel Risk Rally Market sentiment improved after the U.S. extended its “Liberation Day” tariff deadline by three weeks, buying time for trade … Read more
Crypto prices extended their rally on Thursday, with Ether and Dogecoin leading the charge, as a combination of supportive risk sentiment and growing political momentum around digital asset legislation helped push markets higher. Bitcoin hovered near its all-time high at $112,000, while Ether surged past $2,780, up nearly 7% over 24 hours. Dogecoin jumped 6%, … Read more