Robinhood tokens offering equity in OpenAI technically aren’t equity, Vlad Tenev confirmed in a recent CNBC interview, but are backed by “Robinhood’s ownership stake in a special purpose vehicle.” OpenAI warned earlier this month that the tokens being offered by Robinhood do not represent equity in the company, and any transfer of equity would require … Read more
The U.S. Department of Justice (DOJ) has charged two individuals for their role in OmegaPro, a crypto and investment ponzi scheme which defrauded investors of over $650 million. Michael Shannon Sims, a founder and promoter of OmegaPro, and Juan Carlos Reynoso, who led OmegaPro’s operations in Latin America and some parts of the U.S., were … Read more
Ripple’s push for a U.S. banking license has reignited bullish momentum for XRP, fueling a high-volume breakout above the $2.28 resistance level and setting up a potential test of $2.38 — a level that, if breached, could trigger a larger upside move. News Background Ripple’s application for a national trust bank charter with the U.S. … Read more
Dogecoin surged 5% in the last 24 hours, climbing from $0.163 to $0.171 amid rising institutional accumulation and a technical breakout above key resistance. The most aggressive price action came between 12:00 and 13:00 UTC on July 6, when DOGE jumped from $0.166 to $0.173 on massive volume exceeding 1.14 billion — nearly 6x its … Read more
Bitcoin is holding firm near $108,700 even as traditional markets recoil from renewed trade tensions sparked by Donald Trump. The U.S. president signaled plans to hike tariffs on imports, potentially as high as 50%, citing ongoing friction with the European Union over tech regulations. The rhetoric sent Asian equities lower for a third time in … 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 Asia begins its Wednesday trading day, bitcoin (BTC) continues to trade … Read more
NEW YORK, New York — The U.S. Treasury Department’s Office of Foreign Asset Control’s (OFAC) sanctions against privacy tool Tornado Cash cannot be discussed at the upcoming trial of developer Roman Storm, a federal judge ruled Tuesday. At a status conference in Manhattan on Tuesday, District Judge Katherine Polk Failla initially waffled on whether she … Read more
Native token of decentralized finance (DeFi) lender Aave AAVE on Tuesday rallied to its strongest price in three weeks, topping $290 as the DeFi lending sector is heating up. AAVE saw considerable volatility throughout Monday and Tuesday, rebounding from the nadir of $277.57 to $291.11, gaining some 5%, according to CoinDesk Research’s technical analysis data. … Read more
In case you missed it during the holiday week, collaborative design tool Figma filed to go public via IPO. Used by 95% of Fortune 500 companies and with $871 million of revenue over the trailing twelve months (up 49% Y/Y), Figma disclosed bitcoin ETF exposure of $70 million as well as board approval to buy … Read more
Polygon’s native token POL (previously MATIC) rose nearly 3% over the past 24 hours, outperforming the broader market, after establishing multiple support zones, according to CoinDesk Research’s technical analysis data. The token climbed from $0.184 to $0.189 with a trading range of $0.0082 (4.28%), reflecting constructive volatility patterns, according to the model. The token built … Read more
Blockchain Technology Consensus Solutions (BTCS), a Nasdaq-listed firm with an Ethereum (ETH) treasury strategy, surged over 100% on Tuesday on a $100 million funding plan to acquire more ETH for its balance sheet. The company aims to tap traditional and decentralized financial (DeFi) capital markets for the capital raise. It plans to use an existing, … Read more
NEW YORK, New York — The judge overseeing the criminal case against Tornado Cash developer Roman Storm said Tuesday she will not allow the verdict in another, related case, Van Loon vs. Department of the Treasury, to be discussed during Storm’s upcoming trial. “The words ‘Van Loon’ are not going to show up in this trial,” … Read more
The U.S. Treasury Department’s sanctions watchdog added North Korean national Song Kum Hyok to its “Specially Designated Nationals” list, alleging he is “a malicious cyber actor” tied to a North Korean hacking group. The Office of Foreign Assets Control moved to block Song from the global financial system on Tuesday, arguing he worked to place … Read more
Hedera’s native token, HBAR (HBAR), traded higher after being added to the Grayscale Smart Contract Platform Fund (GSC). HBAR, up about 2% over the past 24-hour period, replaced Polkadot (DOT) in the fund, which rebalanced on Monday. The token was trading at $0.1614 at press time, up about 11% over the past seven days. “In … Read more
Insurance stands as one of finance’s foundational primitives—an essential scaffold that undergirds every major market from commodities to credit. Since the 1600s, no vibrant financial ecosystem has thrived without a robust insurance mechanism: market participants demand quantifiable measures of risk before committing capital. Yet in decentralized finance(DeFi)’s first wave—lending, exchanges, derivatives—insurance remained an afterthought, implemented … Read more
Memecoin FLOKI rockets 12.1% in a 24-hour session, blasting from $0.0000815 to $0.0000915 on massive volume, while the broader CoinDesk 20 market index gained only 1.4%. Trading range hit $0.0000136, representing 16.8% volatility, in accelerated price action, specifically around the 13:00-16:00 UTC window on July 8. FLOKI smashed through multiple resistance barriers, according to the … Read more
Internet Computer (ICP) delivered a solid recovery on Tuesday, climbing 1% after encountering early selling pressure. The rebound from intraday lows showcased the asset’s structural strength and growing buyer conviction at key technical levels. After slipping early in the European morning, ICP found support near the $4.72 mark, where trading activity intensified and buyers stepped … Read more
BioSig Technologies (BSGM), a medical-technology company fresh off a merger with tokenization firm Streamex, said it signed definitive agreements for up to $1.1 billion in financing to fund a gold-backed treasury model and scale its tokenization platform for real-world assets (RWAs) like gold and other commodities. The capital raise includes $100 million in senior secured … Read more
Jerome Powell, the Federal Reserve Chair, faces a fierce barrage from a coalition of high-profile figures threatening his tenure, which extends to May 2026. Over the past two weeks, President Donald Trump, Federal Housing Finance Agency (FHFA) Director Bill Pulte, White House Press Secretary Karoline Leavitt, congressional allies and Treasury Secretary Scott Bessent have all … Read more
Venture capital firm (VC) firm ego death capital, which focuses on Bitcoin BTC (and Bitcoin only)-based projects, has closed its second fund, totaling $100 million. Ego death capital’s Fund II will lead Series A investments of between $3 million-$8 million backing projects building on Bitcoin to solve real-world problems, according to an emailed announcement on … Read more
NEAR Protocol rallies 3% in 24-hour session ending July 8 at 14:00 UTC. Token climbs from $2.12 low to $2.19 close. Support holds firm at $2.13 level. Buyers step in during overnight volatility. Volume spikes to 2.55 million units during 01:00-02:00 bounce. Price action confirms $2.13 as critical support zone. Trading range spans $0.07, signaling … Read more
Sequans Communications’ (SQNS) surged more than 40% after the wireless-chip designer closed a $384 million private placement with plans to spend the bulk of that in bitcoin (BTC). The deal combined a $195 million sale of American depositary shares (ADS) and warrants at $1.40 with $189 million of five-year secured convertible debentures priced at a … Read more
Jack Dorsey, founder of Twitter (now X) and fintech company Block (SQ), has published a whitepaper for Bitchat, a decentralized messaging protocol that enables fully encrypted communication – without the internet. Bitchat would operate over Bluetooth Low Energy (BLE), allowing nearby devices to form a mesh network that relays messages hop-by-hop, according to the whitepaper … Read more
Non-fungible token (NFT) trading platform OpenSea has acquired Rally, the company behind Rally wallet, as it continues its pivot into token trading. Terms of the acquisition remain undisclosed. According to a press release shared with CoinDesk, OpenSea’s chief technology officer Nadav Hollander will be handing over the role to Chris Maddern, Rally’s CEO. Rally co-founder … Read more
Cosmos’ ATOM token displayed market resilience on Tuesday, holding firm above the $4.00 level of support as it looks towards a bullish break out. The wider market is experiencing a boost in positive sentiment, notably led by a wrath of public companies that are adopting bitcoin as a treasury asset. The altcoin market has remained … Read more
Volkswagen ADMT, the carmaker’s autonomous-vehicle testing subsidiary, has tapped Hivemapper’s Bee Maps to support its self-driving operations with real-time mapping data. Street-level imagery collected by Bee Maps contributors using Hivemapper cameras will be used to help validate Volkswagen’s self-driving technology in an effort to boost the curbside precision of autonomous pick-ups and drop-offs, a Bee … Read more
It’s hard to believe Jack Mallers is still only 31. The Bitcoin star has already founded several companies (including Strike and Zap) and had a hand in getting El Salvador to adopt BTC as legal tender, the first country to do so. Now, he’s forming a bitcoin treasury company — Twenty One — to rival … Read more
Shares of SharpLink Gaming (SBET) surged after the online gaming firm said it snapped up another 7,689 ether (ETH) for its corporate treasury. The move, part of its strategy to make the second-largest cryptocurrency by market cap the backbone of its corporate treasury, lifted its total holdings to 205,634 ETH, the company said. The Minneapolis-based … Read more
U.S. President Donald Trump’s Media & Technology Group (NASDAQ: DJT) has filed to list a new crypto exchange-traded fund (ETF) that would track a selection of digital assets, the latest in a string of such efforts tied to the Trump brand. The proposed “Truth Social Crypto Blue Chip ETF” would hold a portfolio of five … Read more
Shares of bitcoin miner Core Scientific (CORZ) were downgraded to neutral from buy by broker H.C. Wainwright, which cited heightened risk exposure following the company’s recently announced deal with AI cloud provider CoreWeave (CRWV). The brokerage removed its price target on the stock, noting that Core Scientific’s performance is now more tightly linked to CoreWeave’s … Read more