CoinDesk

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

Open interest in bitcoin perpetual futures surged Wednesday by the most in four months as the leading cryptocurrency neared the $110,000 mark. Open interest in perpetual futures listed on offshore exchanges rose by nearly 10% to $26.91 billion, the highest single-day increase since March 2, according to data source Velo. The data tracking website included … Read more

Bitcoin BTC is bouncing hard towards $110,000 on Wednesday, shrugging off Tuesday’s brief risk-off wave that dragged the price below $106,000. Recently, the largest crypto traded at its strongest price since June 11, around $109,500, up 3.5% over the past 24 hours. The action came as Donald Trump announced a trade deal with Vietnam, helping … Read more

Crypto exchange Coinbase (COIN) is moving beyond its role as a USDC distributor, positioning itself as a key driver of stablecoin adoption across payments and financial services, Wall Street broker Bernstein said in a research report Wednesday. The company recently launched Coinbase Payments, built in collaboration with Stripe and Shopify, and also introduced Coinbase Business, … Read more

Ethereum co-founder Vitalik Buterin wants the crypto industry to grow up fast — stressing that the industry is at an “inflection point.” Speaking in front of a packed room at the Ethereum Community Conference, in Cannes, France, Buterin used his keynote to deliver a clear-eyed reality check: Decentralization, he argued, must evolve from a catchphrase … Read more

PEPE (PEPE), the popular frog-themed memecoin, is charging higher as signs of easing global tensions stir a wave of cautious optimism across crypto markets. The token climbed 3.7% in the last 24 hours, rising to $0.00000967. The rally comes as U.S. President Donald Trump said he isn’t considering extending the looming July 9 deadline for … Read more

AI-focused NEAR token rose by 7.6% on Wednesday following an announcement from fund manager Bitwise on a NEAR staking exchange-traded product (ETP). NEAR climbed from $2.09 to $2.13 between July 1-2, with a decisive breakout reaching $2.18 on high trading volume. This performance comes on the back of the announcement that could spur institutional interest … Read more

Anthony Scaramucci, the founder and managing partner of hedge fund SkyBridge Capital, says the wave of companies adopting a bitcoin (BTC) treasury strategy is just a passing trend. In an interview with Bloomberg, Scaramucci said he expects the approach to lose momentum in the coming months. “Right now we’re having this replicative treasury company idea,” … Read more

Defi Development Corp (DFDV), a Nasdaq-listed firm with a crypto treasury strategy focused on Solana SOL, said on Wednesday it is issuing $112.5 million in convertible notes to raise capital for a stock buyback program and more SOL purchases. The notes offering, which was upsized from $100 million, will mature in 2030 with a 5.5% … Read more

The power unit of bitcoin miner Hut 8 (HUT) has landed a five-year capacity contract with Ontario’s Independent Electricity System Operator, giving the Miami-based firm a dependable paycheck for 310 megawatts of natural-gas generation. The deal covers plants in Iroquois Falls, Kingston, Kapuskasing, and North Bay, all owned by Far North, Hut 8’s joint venture … Read more

REX Shares and Osprey Funds have selected Anchorage Digital as the exclusive custodian and staking partner for their newly launched REX-Osprey Solana + Staking ETF (SSK), the first crypto staking exchange-traded fund (ETF) listed in the U.S. The fund, which offers investors exposure to Solana (SOL) while generating staking rewards, began trading Wednesday on the … Read more

Cryptocurrency markets remain in a lull on Wednesday as the majority of assets continue to trade within a tight range. Cosmos’ ATOM token is no exception, it is currently trading around $4.00 and looks poised to make a continued move to the upside. ATOM’s V-shaped recovery pattern formed during the 24-hour period from 1 July … Read more

Web3 promises an internet owned by its users, when in reality, the cash behind it now resembles a carnival barker’s till. Regulators are accelerating enforcement, courts are handing down multi-year sentences, and talent is migrating to sectors where equity rewards genuine traction. Global venture financing declined to $23 billion in April this year, according to … Read more

Bitcoin (BTC) is set to defy historical post-halving patterns and push toward an all-time high in the second half, investment bank Standard Chartered (STAN) said in a research report Wednesday. The cryptocurrency’s price typically falls about 18 months after the halving, a quadrennial event that slows the rate of growth in bitcoin supply. This time, … 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 2994.89, up 1.2% (+34.94) since 4 p.m. ET on Tuesday. Seventeen of 20 assets are trading higher. Leaders: NEAR (+3.8%) and ADA (+3.3%). Laggards: BCH (-2.9%) and APT (-0.6%). … Read more

Layer-2 network BOB has launched its testnet ahead of the mainnet going live in Q4 of this year. Describing itself as a hybrid layer-2, BOB’s aim is to combine Bitcoin’s security and reserves with Ethereum’s programmability using the BitVM computing paradigm to create a decentralized finance (DeFi) hub. BitVM was introduced in late 2023 by … Read more

Banca Sella, an Italian banking group known for tech experiments, has begun an internal trial that lets a handful of employees hold crypto, including stablecoins, through custody software from Fireblocks. The trial runs until the end of the summer, after which executives will decide whether to open the vault to the group’s 1.4 million customers … Read more

Cryptocurrency exchange Coinbase (COIN) has acquired LiquiFi, a token management platform used by the likes of the Uniswap Foundation, OP Labs (Optimism) and Ethena. While the terms of the deal remain undisclosed, Coinbase said in a blog post that the acquisition will make it easier for crypto start-ups to build on-chain. LiquiFi is used by … Read more

Deutsche Bank (DB) is planning to debut a crypto custody service next year, Bloomberg reported on Tuesday. Germany’s largest bank has enlisted cryptocurrency exchange Bitpanda to help build the offering, according to the report, citing people familiar with the matter. Deutsche’s prior involvement in crypto custody has largely been through Swiss custodian Taurus, of which … Read more

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin (BTC) bulls are optimistic that the U.S. dollar’s broader sell-off will continue in the second half of the year, fueling the crypto bull run. However, one chart warrants caution when relying on bearish dollar predictions. That’s the dollar index’s … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) has edged up 0.9% in the last 24 hours, recovering from a dip after its record monthly close at the end of June. July may carry the trend forward, if historical data is any sign of what’s ahead. BTC has risen in all but … Read more

Bitcoin (BTC) is currently moving within a descending channel a persistent bearish structure that began on May 22, when it hit a high of $112,000. After reaching this level, the price fell about 10% to around $100,000. It then made a lower high at $110,000 on June 10, which was followed by a roughly 10% … Read more

Ivy, a German startup focused on instant payments, said it added access to Circle’s (CIRCL) USDC and EURC stablecoins to its always on-transaction rails. The Berlin-based fintech’s platform allows crypto firms, payment service providers (PSPs) and e-commerce merchants to instantly make bank payments, settle funds to local collection accounts across Europe in multiple currencies, and … Read more

A comprehensive measure of money circulation in the U.S. has risen to new highs, a signal of economic growth that posts contradictory messages for the path of bitcoin (BTC). The M2 money supply, which includes hard currency and bank and money market mutual fund deposits that are relatively liquid, rose to a record $21.94 trillion … Read more

Crypto lender Nexo signed a three-year sponsorship with DP World Tour, Europe’s foremost golf competition, for more than $10 million in a deal that see will the company become the tour’s official digital asset and wealth partner through 2027. A spokesperson for the company declined to give a specific value to the deal, saying only … Read more

Publicly traded companies are rapidly building bitcoin (BTC) reserves, buying more of the largest cryptocurrency than U.S. exchange-traded-funds (ETF) for the third straight quarter, according to CNBC. Corporations increased their bitcoin holdings by about 18% in the three months ended June 30, adding roughly 131,000 BTC. The ETF holdings grew 8%, or around 111,000 BTC, … Read more

A joint venture between Deutsche Bank’s (DBK) asset management subsidiary DWS, Flow Traders and Galaxy (GLXY) said it will issue Germany’s first regulated, euro-denominated stablecoin after receiving an e-money institution (EMI) license from the Federal Financial Supervisory Authority (BaFin) this week. The AllUnity EURAU stablecoin, which will comply with Europe’s Markets in Crypto Assets (MiCA) … Read more