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
Stripe’s recent multi-billion dollar acquisitions of Privy and Bridge weren’t just another pair of tech deals. They were a declaration that the crypto infrastructure experiment is over. The results are in – and they’re compelling enough for one of the world’s most successful payment companies to bet big. A clear picture emerges: the future of … Read more
Tether, the digital asset company behind the world’s largest stablecoin USDT USDT, is exploring renewable energy-powered bitcoin BTC mining with South American agribusiness firm Adecoagro (AGRO) in Brazil. The firms have signed a strategic partnership for a pilot project to use Adecoagro’s surplus energy to operate mining facilities and may also add BTC to Adecoagro’s … Read more
Crypto traders are exhibiting bearish behavior despite bitcoin BTC trading above $110,000 and possibly taking aim at a new record high above $112,000. Data from Coinalyze shows that during bitcoin’s move this week from $106,000 to $110,000, the long/short ratio fell from 1.223 in favor of longs to 0.858 in favor of shorts. Open interest … Read more
The popular frog-themed memecoin PEPE surged 10% in 24 hours to reach $0.00001049, fueled by technical signals that could point to more upside amid a wider memecoin market rise. The token climbed from $0.00000949 to $0.00001049, hitting a peak of $0.00001077 in early trading before retracing slightly. A key technical pattern, a golden cross, where … Read more
Filecoin (FIL) surged as much as 9% in the last 24 hours, climbing from $2.24 to $2.44 with exceptional volume support at the $2.30 level, according to CoinDesk Research’s technical analysis model. The model showed that FIL has established strong support at $2.40 despite wider market uncertainty. Filecoin is holding an informal networking evening on … Read more
Coinone won an appeal to force five of customers to return bitcoin (BTC) they managed to double withdraw from the South Korean crypto exchange over a glitch in 2018. According to local media, the Seoul Western District Court’s second civil division said the traders benefited from “unjust enrichment” because the exchange had already completed the … Read more
The Abu Dhabi Securities Exchange (ADX) said on Thursday it is preparing to list the first blockchain-based bond in the Middle East and North Africa (MENA) region, a move that signals growing momentum behind tokenized finance in the region. Set to be issued by First Abu Dhabi Bank (FAB) using global bank HSBC’s digital asset … Read more
President Donald Trump sent a rush of excitement through the crypto industry when he ordered his administration to get to work on setting aside cryptocurrencies as a long-term investment for the U.S. government. But there’s been little to see from that effort, so far, and the officials behind the work seem to be suggesting the … Read more
The U.S. employment picture held solid in June, perhaps furthering Federal Reserve Chairman Jerome Powell’s insistence on remaining patient with respect to easing monetary policy. Nonfarm payrolls grew 147,000 last month, according to a report Thursday from the Bureau of Labor Statistics. Economist forecasts had been for job growth of 110,000, That’s also modestly up … Read more
Meme token Shiba inu (SHIB) has completed a major bullish reversal pattern as ETF speculation drives BONK higher. SHIB surged 5.2% in the past 24 hours, climbing from $0.00001136 to $0.00001195 with significant volume spikes, establishing a new support level at a high-volume support level at $0.00001162. The upswing marked the completion of the inverse … Read more
The stablecoin market is poised to grow to $500 billion by 2028, according to JPMorgan (JPM) strategists, a projection that falls well short of some of the more exuberant forecasts calling for a $1 trillion to $2 trillion market cap within the same timeframe, the Wall Street bank said in a research report on Thursday. … Read more
Crypto Daybook Americas will not be published on Friday owing to the July 4 holiday. It will return on Monday. Wishing our U.S. readers a happy Independence Day. By James Van Straten (All times ET unless indicated otherwise) Bitcoin BTC hit $110,000 for the first time since June 11 and is now within striking distance … Read more
The International Monetary Fund (IMF) has rejected Pakistan’s repeated proposals to provide subsidized electricity to bitcoin (BTC) mining and other energy-intensive industries, according to reports. Secretary of Power Dr. Fakhray Alam Irfan said that the IMF was concerned about market distortions in a session with the Senate Standing Committee on Power on Thursday. The government … Read more
Bitcoin BTC topped the $110,000 mark for the first time since June 11 after more than $407.78 million flowed into U.S.-listed bitcoin spot ETFs on Wednesday and before a key U.S. jobs report due later in the day. The ETF inflow boosted the lifetime tally to $49.04 billion, according to data source SoSoValue. BTC’s upswing … Read more
Payments-focused cryptocurrency XRP (XRP) has risen by over 3.5% in the past 24 hours, with volume in the Deribit-listed options market suggesting bullish expectations. Since July 1, higher-level July 25 call options at strikes of $3.00 and $4.00 and the Sept. 28 expiry call at the $2.80 strike have emerged as the most traded bets, … Read more
Swiss crypto-focused bank AMINA Bank started offering clients services with Ripple USD (RLUSD), Ripple’s recently launched stablecoin pegged to the U.S. dollar on Thursday. The firm has claimed the bragging rights of becoming the first globally operating bank to support RLUSD, according to a press release shared with CoinDesk. The bank said it would initially … Read more
Welcome to CoinDesk’s weekly macro column, where analyst Omkar Godbole writes about his macro observations and analysis in the broader markets. The views expressed in this column aren’t investment advice.A major currency pair, which is barely considered volatile, is now rivaling notoriously explosive bitcoin’s price performance—unimaginable, right? Not anymore. In June, EUR/USD, the most liquid … 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. The newly launched REX-Osprey Solana + Staking ETF (SSK), the first … Read more
Tokenized equity offerings for OpenAI being offered to Robinhood users in Europe are not officially authorized by the company, the AI giant said in a social media post. “These ‘OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it,” OpenAI posted on X. … Read more
A New York bankruptcy court has given Celsius the go-ahead to pursue the bulk of its $4 billion lawsuit against stablecoin issuer Tether, according to a recent court filing. The bankrupt crypto lender filed suit against Tether last year, alleging that Tether improperly liquidated nearly 40,000 bitcoins — worth over $4.3 billion at today’s prices … Read more
The Ether (ETH) price surged to $2,601 on July 2, capping a breakout that began after 16 hours of tight consolidation, according to CoinDesk Research’s technical analysis model. The move coincided with growing institutional focus on Ethereum’s emerging role as a platform for tokenized financial products, as well as continued momentum in spot ETF inflows. … Read more
The U.S. Securities and Exchange Commission’s leaders are reviewing the agency’s recent approval of a Grayscale effort to convert a fund into an exchange-traded fund (ETF), a letter dated July 1 said. The SEC allowed Grayscale to uplist the Digital Large Cap Fund (GDLC), which holds $755 million in bitcoin BTC, Ethereum ETH, XRP XRP, … Read more
Bonk (BONK) surged 9.87% to $0.00001494 on July 2, extending recent gains across the Solana meme token space, according to CoinDesk Research’s technical analysis model. The move came amid fresh attention to Tuttle Capital’s proposed 2x Long BONK ETF, which has taken a procedural step forward but remains unapproved. Tuttle Capital originally filed a Form … Read more
Global bank JPMorgan’s blockchain arm Kinexys is working with S&P Global Commodity Insights to explore tokenization for managing and issuing carbon credits, the firms said on Wednesday. The project, according to a press release, focuses on testing how tokenized carbon credits can be created and tracked using blockchain infrastructure. These credits, which represent greenhouse gas … Read more
Ripple has partnered with London-based fintech firm OpenPayd to build a stablecoin and payments infrastructure for businesses looking to move money across borders quickly and at lower costs. The news comes the day Ripple said it applied for a national banking license at the Office of the Comptroller of the Currency (OCC). This license would … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Vitalik Buterin: Ethereum at Risk If Decentralization Is Just a Catchphrase Bitcoin Layer-2 Botanix Mainnet Debuts, Cuts Block Times to 5 Seconds XRPL EVM Sidechain Goes Live, Unlocking … Read more
BlackRock’s iShares Bitcoin Trust (IBIT) is now generating more revenue than one of the asset manager’s most iconic products, the iShares Core S&P 500 ETF (IVV), according to Bloomberg data. Despite having just $52 billion in AUM — a fraction of IVV’s $624 billion in total assets — IBIT’s higher fee structure has turned it … Read more
Ripple, the digital asset firm closely associated with the XRP Ledger network, has applied on Wednesday for a national banking license at the Office of the Comptroller of the Currency (OCC), a spokesperson confirmed to CoinDesk. The license would allow the company expand its crypto services and operate across state lines under federal regulation. Ripple … Read more
Polkadot’s DOT surged 6% higher amid a rally in crypto markets, with strong volume supporting a decisive breakout through resistance at the $3.34 and $3.44 levels, according to CoinDesk Research’s technical analysis model. The model showed the price found strong support at $3.25 during the 01:00 hour with above-average volume, establishing a solid foundation for … Read more