Tornado Cash’s price rose just under 5% Monday after news circulated on X that a U.S. appeals court had green-lit the end of a lawsuit against the Treasury Department. The Eleventh Circuit Court of Appeals ruled on July 3 that the lawsuit, brought by crypto interest group Coin Center against the Treasury Department and various … Read more
Bitcoin’s BTC very modest weekend rally modestly reversed on Monday as President Trump’s tariff policies took center stage again. The largest cryptocurrency slipped below $108,000 during the U.S. afternoon, down 0.8% over the past 24 hours. Ethereum’s ether ETH was 0.6% lower, while smaller cryptos including Solana’s SOL SOL, dogecoin DOGE, Sui’s SUI SUI declined … Read more
Kuru Labs, a decentralized finance (DeFi) startup built on the Monad blockchain, has closed an $11.6 million Series A funding round led by crypto-focused investment firm Paradigm. The raise will help create a central-limit orderbook (CLOB) combined with automated market-making capabilities for Monad, a super-fast version of Ethereum, which was also backed by Paradigm in … Read more
Listed companies are rapidly transforming into bitcoin treasury vehicles, raising capital to buy BTC and hold it on their balance sheets. With bitcoin increasingly seen as a potential global reserve asset, gaining institutional traction and strong price expectations, this trend might seem sound. But there’s a problem: most of these companies have acquisition plans without … Read more
Internet Computer (ICP) exhibited notable resilience over the past 24 hours, weathering a volatile trading session shaped by broader macroeconomic uncertainty. After falling to $4.78, the token rebounded to nearly $4.85, ultimately settling at $4.7771, down 0.98% on the day. ICP has respected its key support level at $4.80, which was tested and confirmed multiple … Read more
Crypto taxpayers are in for a rude awakening. We’re 16+ years into Bitcoin, yet taxpayers and CPAs still pretend that tax guidance remains unclear or even nonexistent. The IRS is gearing up for a historic wave of compliance audits targeting the crypto space, and taxpayers have no idea what they’re in for. Last year, the … Read more
The cryptocurrency market is showing signs of renewed strength as NEAR Protocol broke through a key resistance level during the final trading hour of July 7. The decisive move came on exceptional volume that was 61% higher than the daily average, confirming the validity of the breakout from an ascending triangle pattern that had been … Read more
BNB Chain’s native token (BNB) held steady near $660, shifting in a narrow band of less than 1% over the past 24 hours. The lack of volatility underscores a pattern of consolidation. BNB is trading at $659.61, down just 0.5% for the day, with buyers stepping in repeatedly around $659.45. Sellers, meanwhile, blocked advances beyond … Read more
In the race for AI supremacy, North America is now learning important lessons from the bitcoin (BTC) mining industry about building large-scale infrastructure close to sustainable energy sources, according to serial entrepreneur Kevin O’Leary. “It all comes down to power,” said “Sharktank” star O’Leary in an interview. “Whether you’re talking about an AI data center … Read more
BONK is back in the spotlight, rallying 8.7% over the past 24 hours and reaching a high of $0.0000235 before settling at $0.00002215. The surge came with 2.27 trillion tokens traded, a 67% increase over average volume, signaling growing institutional and retail interest. Speculation continues to mount around a potential 2x leveraged BONK ETF from … Read more
Russia’s Ministry of Energy has compiled a registry of cryptocurrency mining equipment, a step officials say will help identify mining operations and bring them under new regulatory and tax rules. Deputy Energy Minister Petr Konyushenko told state news outlet RIA Novosti the list has been distributed to regions where mining activity is high. “The creation … Read more
Bit Digital (BTBT) is now the owner of more than 100,000 ether (ETH) after swapping out its bitcoin stack along with a $172 million capital raise for even more of the world’s second-largest crypto. From a holding of 24,434 ETH as of the end of March, Bit Digital now has approximately 100,603 ETH ($189.2 million) … Read more
The road to a spot Solana (SOL) exchange-traded fund (ETF) could be much shorter than expected. The Securities and Exchange Commission asked prospective issuers to respond to comments and re-file amended S-1 documents before the end of July, two people familiar with the matter told CoinDesk. Technically, the SEC has until October 10 to approve … Read more
Crypto-focused prediction market Polymarket is facing a fresh dose of criticism this week in relation to a market on whether Ukrainian President Volodymyr Zelenskyy would wear a suit before July. More than $160 million worth of crypto was bet on the market, with the initial outcome of “yes” being disputed by the validators behind UMA, … Read more
Threshold Network’s tBTC, an ERC-20 token backed 1-to-1 by bitcoin (BTC), debuted on Sui on Monday as Threshold looks to expand BTCFi in the Sui ecosystem. The collaboration enables users to deposit their BTC on Sui and mint tBTC, potentially adding over $500 million worth of bitcoin liquidity to the Sui network. It means users … Read more
The Cosmos ecosystem token (ATOM) demonstrated significant bullish momentum during a recent 24-hour period from 6 July 15:00 to 7 July 14:00, climbing from $4.05 to $4.10 with strong buyer support at key levels. The move comes as bitcoin ambles its way back to the $110,000 level of resistance, a point it rejected from last … Read more
AI infrastructure firm CoreWeave (CRWV) has agreed to buy bitcoin (BTC) miner Core Scientific (CORZ) in an all-stock deal valuing CORZ at approximately $20.40 per share, based on recent closing prices. The offer price is near the middle of investment bank Jefferies’ prior estimated takeout range of $16–$23/share. The deal is expected to close in … Read more
Senior Bitcoin developer Jon Atack was arrested in El Salvador over the weekend following a dispute with a neighbor, sparking an online flurry of concern before he was freed about an hour later. Atack, who contributes to Bitcoin Core, posted on microblogging platform X that police confiscated his phone and passport, cutting him off from … Read more
Luxury car manufacturer Automobili Lamborghini said it will debut its latest sports car in the metaverse. The Temerario and its GT3 counterpart will be available as limited edition digital collectibles in open-world metaverse Wilder World, according to an emailed announcement shared with CoinDesk on Monday. The metaverse is a virtual reality world allowing humans 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 3092.06, up 2.4% (+72.73) since 4 p.m. ET on Friday. All 20 assets are trading higher. Leaders: AAVE (+9.4%) and UNI (+6.5%). Laggards: LTC (+0.3%) and BTC (+0.9%). The … Read more
Pepe PEPE, the world’s third-largest stablecoin by market value, has failed to keep gains above the 100-day simple moving average (SMA) amid continued distribution or selling by holders. The cryptocurrency briefly topped the 100-day SMA at $0.00001009 early Monday before reversing the spike to trade 1% lower at $0.00000992 as of writing, according to CoinDesk … Read more
Michael Saylor-led Strategy (MSTR) expects to report a second quarter $14.05 billion gain on its bitcoin holdings of more than 500,000 coins as the price of BTC rose from around $82,000 to $108,000 during the three months ended June 30. T company during the second quarter raised $6.8 billion in net proceeds through various capital … Read more
A wallet security upgrade could be the reason why a long dormant Satoshi-era wallet moved over $8 billion worth of bitcoin (BTC) last week, according to on-chain analytics firm Arkham. On-chain data shows eight wallets, each holding 10,000 BTC since 2011, moved their funds to modern bc1q-style addresses, a more secure and efficient format than … Read more
The deal values Core Scientific shares at $20.40, a 66% premium to its price late last month, with each Core Scientific share being swapped for 0.1235 CoreWeave shares.
By Omkar Godbole (All times ET unless indicated otherwise) It’s said that price is the best measure of appeal of any asset. To the dismay of bitcoin (BTC) bulls, the largest cryptocurrency’s price hasn’t gone anywhere in over 50 days, trading directionless above $100,000. That stagnation has, unusually, eroded the call bias in long-term options. … Read more
A new Ethereum proposal, co-authored by Vitalik Buterin and Toni Wahrstaetter. aims to impose a hard cap on the maximum gas a transaction can consume in a move developers say could strengthen network stability and make the chain more viable for certain applications. The proposal, EIP-7983, suggests limiting individual transactions to 16,777,216 gas (2²⁴) — … Read more
Latin American cryptocurrency exchange Mercado Bitcoin plans to tokenize over $200 million in real world financial assets (RWAs), including fixed income and equity instruments, on the XRP Ledger (XRPL). The move marks one of the largest tokenization efforts by a Latin American institution on XRPL, according to a press release. The tokenization of real-world assets … Read more
Bitcoin (BTC) whales, investors who already hold in excess of 10,000 BTC, are buying up more of the largest cryptocurrency in a sign of confidence in further upside even as the price sits just a few percent below its all-time high around $112,000. The whales have shifted into aggressive accumulation mode over the past few … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The consensus in the bitcoin BTC market remains bullish even though the price has held above $100,000 every day bar one for two months, with analysts’ projections for resistance levels ranging from $140,000 to over $200,000. One way to identify … Read more
The U.S. Secret Service, better known for protecting American presidents, has emerged as a major force in the fight against cryptocurrency crime, Bloomberg reported on Saturday. Through its Global Investigative Operations Center (GIOC), the agency has seized nearly $400 million in digital assets over the past decade. Much of that sits in a single cold … Read more