Solana-based memecoin BONK dropped back after jumping in excess of 20% earlier this week, but remains in bullish mode amid increased trader activity. BONK surged 21% in a 24-hour period into Thursday and positioned itself as the strongest performer among major cryptocurrencies. It was recently trading at $0.00001673, a 1.68% gain, with price action ranging … Read more
A group of hackers that gained unauthorized access to the Central Bank of Brazil’s service provider has started laundering a portion of its $140 million haul using cryptocurrencies, according to On-chain analyst ZachXBT. The researcher revealed on Friday that between $30 million and $40 million of the stolen funds was converted to bitcoin BTC, ether … Read more
Cosmos’ ATOM token slumped by 4% in the past 24 hours as Thursday’s short-lived crypto rally came to a halt on Friday. Market volatility has been lower on Friday, in part due to the nation July 4th holiday in the U.S. Bitcoin attempted to form a new record high on Thursday but fell just short, … Read more
Tokenization platform Ondo Finance ONDO said it agreed to buy Oasis Pro, a regulated brokerage platform, laying the groundwork for rolling out tokenized stocks in the coming months. The acquisition, whose price was not disclosed, would give Ondo a bundle of U.S. securities licenses: a broker-dealer, Alternative Trading System (ATS) and transfer agent regulated by … Read more
Russian state-owned manufacturing conglomerate Rostec, best known for its role in the country’s military-industrial complex, plans to roll out a ruble-pegged token called RUBx alongside a payment hub dubbed RT-Pay before year-end. Each RUBx, according to state-owned news agency TASS, will represent one Russian ruble held in a treasury account. Rostec will run the token … Read more
Nasdaq-listed crypto exchange Coinbase’s Layer 2 scaling solution, Base, has gone from being the leader in 2024 in terms of capital inflows through cross-chain bridges to the top loser this year. Data from the Artemis Terminal shows Base has seen a net outflow of $4.3 billion this year, a stark contrast to the net inflow … Read more
According to Glassnode, long-term holders (LTHs) are defined as investors who have held bitcoin (BTC) for at least 155 days. CoinDesk Research indicates that one reason bitcoin has ye to reach new all-time highs has been selling pressure from these long-term holders. However, zooming out, Glassnode data shows that the percentage of bitcoin’s circulating supply … Read more
The frog-themed memecoin PEPE (PEP) slid nearly 6% over the 24 hours, as Trump’s reciprocal tariffs deadline sent ripples through the cryptocurrency market and exposed the token’s volatility. PEPE’s price swung across a 16.5% trading range, underscoring how fast sentiment can flip in a market increasingly sensitive to geopolitical and macroeconomic signals when trading volumes … Read more
Nano Labs (NA), a Nasdaq-listed chipmaker, snapped up about $50 million worth of Binance’s BNB (BNB) token as it works toward a goal of owning as much as 10% of the total supply. The Hong Kong-based company said it bought 74,315 BNB in an over-the-counter deal at an average price near $672.45, lifting its total … Read more
China’s JD.com and Ant Group are pressing the central bank to permit yuan-based stablecoins to counter the rise of U.S. dollar-linked digital currencies, Reuters reported on Friday. They propose launching stablecoins in Hong Kong backed by the offshore yuan, aiming to boost the Chinese currency’s global role. Both firms already plan to issue Hong Kong … Read more
Bitcoin BTC looks poised to climb to an all-time high this July, propelled by converging macroeconomic and market forces that are driving investors into riskier assets. U.S. equity indexes are already setting records, with the S&P 500, Nasdaq Composite and Dow Jones Industrial Average all sitting at highs, reflecting widespread investor confidence. As traditional markets … Read more
Solana (SOL) declined 3.36% over the past 24 hours, retreating from $155.69 to $150.81, according to CoinDesk Research’s technical analysis model, amid broader market pressures, even as institutional developments in Asia signal growing momentum for the blockchain, One of Japan’s most digitally progressive banks has launched a new initiative that could expand real-world applications for … Read more
Internet Computer Protocol (ICP) is trading at $4.8373, down 5.18% in the past 24 hours, while the broader crypto market as gauged by the CoinDesk 20 Index dropped only half as much. ICP faced renewed selling pressure as geopolitical risks and cybersecurity threats rattled digital asset markets. The decline comes amid troubling findings from cybersecurity … Read more
When a large whale moves in the sea, it creates ripples across the water. Similarly, when a large bitcoin (BTC) holder, often referred to as a crypto whale, moves its coins on-chain, that creates buzz on social media, prompting observers to wonder if it’s a prelude to a sale and downside price volatility. Early Friday, … Read more
A recently launched crypto ETF in the U.S., which offers diversified exposure to digital assets along with options income, is gaining traction in a sign that investors are looking beyond traditional, single-spot-focused products. The Nicholas Crypto Income ETF (BLOX), an actively managed ETF designed for diversified exposure to the digital assets ecosystem while generating additional … Read more
Amber International Holding (AMBR), a crypto trading firm Amber Group subsidiary, said it raised $25.5 million in a private placement to expand its $100 million Crypto Ecosystem Reserve, a fund designed to support strategic growth across blockchain networks. The raise, announced Thursday, was priced at $10.45 per share, which is a 5% discount to the … Read more
Tokenization platform Ondo Finance ONDO and digital asset investment firm Pantera Capital have teamed up to invest $250 million in real-world asset (RWA) projects as the red-hot tokenization trend is accelerating. The initiative, named Ondo Catalyst, aims to invest in protocols and infrastructure projects that enhance the development of tokenized finance and on-chain capital markets, … Read more
Ether (ETH) traded around $2,584.90 on July 3, registering a 0.55% gain over the past 24 hours as risk assets responded positively to robust U.S. labor market data, according to CoinDesk Research’s technical analysis model. The broader crypto market, as gauged by the CoinDesk 20 Index (CD20), was up 0.08% during the same period. According … Read more
The U.S. Securities and Exchange Commission likely halted the launch of the Grayscale Digital Large Cap Fund (GDLC) for administrative reasons, not political ones, multiple individuals familiar with the matter told CoinDesk. The SEC approved GDLC to uplist as an exchange-traded fund (ETF) on Tuesday through staffers’ delegated authority, meaning the regulator’s commissioners did not … Read more
Sui (SUI) is trading at $3, up about 4% in the past 24 hours, as the token continues to rally following an announcement by Lion Group Holding Ltd. (LGHL) that it intends to acquire SUI tokens as part of a broader $600 million crypto treasury strategy. The strategy was announced on June 26, triggering a … Read more
As an advisor to both TradFi and crypto native firms, one trend I’m excited about is the potential of blockchain and tokenization to help asset managers serve the next generation of investors. These financial institutions pride themselves on navigating complexity and pursuing innovative strategies. They manage trillions across private equity, credit, venture, and real assets. … Read more
Solana’s on-chain fundamentals gained a major vote of confidence on Thursday as Florida-based DeFi Development Corp (DFDV) announced it had expanded its SOL SOL treasury by acquiring 17,760 additional tokens. The purchase, valued at approximately $2.72 million, was executed at an average price of $153.10 per token. This move aligns with the company’s stated long-term … Read more
Bitmine Immersion (BMNR), the ether treasury strategy firm helmed by Fundstrat’s Thomas Lee, is the latest red-hot crypto proxy play in town. The company’s shares more than doubled on Thursday topping $140, now rallying over 3,000% in less than a week since the firm announced the raising of $250 million by selling shares to acquire … Read more
Cardano’s native token (ADA) rose more than 6% over the past 24 hours as trading volume spiked overnight amidst a broader crypto rally. Market analysts remain divided on ADA’s short-term prospects. While some point to a potential bullish reversal with targets around $0.70-$0.72, others note bearish on-chain metrics, including declining active wallets and substantial exchange … Read more
As bitcoin (BTC) hovers near a fresh all-time high, the Solana-based memecoin, BONK (BONK), is leading the major altcoin rally. The surge coincides with renewed optimism in risk assets following bitcoin’s recovery above $110,000, which has triggered widespread gains across established cryptocurrencies. BONK’s momentum appears sustainable as numerous crypto analysts express bullish sentiment, citing significant … Read more
AI-focused NEAR token halted its 10% rally on Thursday as traders began to take profits from a rally that was spurred by Bitwise’s announcement that it is launching a NEAR exchange traded product (ETP) in Germany. “The NEAR Staking ETP on Xetra opens a new bridge to NEAR for institutions by providing a regulated, exchange-traded … Read more
The altcoin market took a backseat on Thursday as crypto majors bitcoin and ether attempted to rally to new highs. As billions of dollars worth of liquidity flowed into shorting bitcoin on the brink of record highs, altcoins like ATOM consolidated, finding support at the $4.20 level. Typically when bitcoin rallies altcoin price action is … Read more
Tax proposals meant to reduce burdens among crypto users, including one that would waive capital-gains calculations for small-scale transactions, didn’t make it into President Donald Trump’s marquee budget bill but are now being pursued as standalone legislation in the U.S. Senate. Senator Cynthia Lummis, who leads the crypto subcommittee within the Senate Banking Committee, introduced … Read more
We’re living through a technological shift unlike any in history. As artificial intelligence and robotics rapidly evolve, they’re doing more than just changing how we work—they’re changing why we work. Over the next decade, if humanity can share automation tech evenly across society, we’re facing the real possibility that most people simply won’t need to … Read more
The Open Platform (TOP), a provider of tools for developers in Telegram’s crypto infrastructure, said it raised $28.5 million in an extended Series A round led by Ribbit Capital, with participation from Pantera Capital. The raise brings TOP’s valuation to $1 billion, making it the first unicorn in the TON (The Open Network) ecosystem, the … Read more