CoinDesk

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The dollar index (DXY), which tracks the greenback’s value against major fiat currencies, looks south, having taken a beating in the first half. Still, bitcoin’s (BTC) chart points to immediate downside risks. The DXY fell over 10% in the first … Read more

The Bitcoin (BTC) network monthly average hashrate fell about 3% in June, Wall Street bank JPMorgan (JPM) said in a research report Tuesday. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. It … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) ended June above $107,000 at a record monthly close. Still, the largest crypto’s 2.5% monthly gain failed to match the euro’s advance against the dollar, the most liquid FX pair in the world. The eurozone currency rose nearly 4% against the greenback last month, … Read more

The Blockchain Group (ALTBG), listed on Euronext Growth Paris has secured roughly 11 million euros ($13 million) in fresh funding as it doubles down on becoming Europe’s first bitcoin (BTC) treasury company. This strategic move underscores the firm’s commitment to growing its bitcoin holdings relative to its share count, aiming to deliver long-term value to … Read more

The 200-Week Simple Moving Average (200WMA) for bitcoin BTC is approaching $50,000, currently sitting at approximately $49,223, according to Glassnode data. This is one of the very few indicators in bitcoin that has only risen over time. The 200WMA has historically provided significant support levels. During the 2015 bear market, it offered support around $200. … Read more

American Bitcoin Corp, a Miami-based mining company majority owned by Hut 8 (HUT) and backed by the Trump family, has raised $220 million from accredited investors, according to a filing with the U.S. Securities and Exchange Commission. The raise topped its target of $200 million, and it also accepted about $10 million worth of bitcoin … Read more

Australian bitcoin (BTC) miner IREN (IREN) said it reached its midyear hashrate target of 50 exahashes per second (EH/s) installed self-mining capacity. The growth from 31 EH/s at the end of last year is anchored by IREN’s 750MW site in Childress, Texas, the company formerly known as formerly Iris Energy, said in an announcement on … Read more

Disclaimer: The analyst who wrote this article has shares in Strategy (MSTR)Strategy’s (MSTR) perpetual preferred shares may be anticipating the bitcoin-accumulation company’s inclusion in the S&P 500 index after the largest cryptocurrency posted a record-high monthly close at a price some analysts calculate lifted quarterly earnings to a level that qualifies it for the U.S. … Read more

The profit-taking activity on the Bitcoin network intensified on Monday, keeping bitcoin’s (BTC) spot price under pressure on the final day of the second quarter. The total amount of realized profits on-chain rose to $2.4 billion, with its seven-day average climbing to $1.52 billion, the highest since the second half of May, according to data … Read more

ARK Invest offloaded nearly $43.8 million worth of shares of cryptocurrency exchange Coinbase (COIN) on Monday. The sale follows similar moves last week for a total of 270,984 COIN shares offloaded in the last three trading days, worth just under $95 million based on Monday’s closing price of $350.49. Coinbase shares surged to a record … Read more

Sparkassen, a group of savings banks operating across Germany since the first established in Hamburg in 1778, has decided to introduce cryptocurrency trading services for their customers, according to a report by Bloomberg. The group will enable private clients to trade cryptocurrencies, including bitcoin (BTC) and ether (ETH), directly through their mobile banking apps via … Read more

A bitcoin (BTC) exchange-traded product (ETP) that generates yield from decentralized finance (DeFi) markets has debuted on Tuesday, in what issuer Fineqia calls a first of its kind. The Fineqia Bitcoin Yield ETP (YBTC), listed on the Vienna Stock Exchange, targets a 6% annual yield by deploying investor capital into DeFi strategies. It is issued … Read more

Global Dollar (USDG), a stablecoin issued by regulated fintech Paxos, and backed by a consortium of heavy hitters that includes Robinhood, Kraken and Mastercard, is being made available to consumers across the European Union, according to a press release on Tuesday. USDG is regulated by Europe’s Markets in Crypto-Assets (MiCA), the Finnish Financial Supervisory Authority … Read more

A key metric called perpetual funding rates is signaling bullishness for top altcoins as bitcoin (BTC) kicks off the traditionally weak third quarter quarter with flat price action. Funding rates, charged by exchanges every eight hours, refer to the cost of holding bullish long or bearish short positions in the perpetual (perps) futures (with no … Read more

Tech investors love to pay for potential. GameFi tokens, with sky-high valuations divorced from current user numbers or revenues, embody this optimism perfectly — as CoinDesk investigated in 2022, Decentraland’s then billion-dollar market cap didn’t quite match the number of active players on the platform. But, surprisingly, distributed compute tokens don’t seem to enjoy the … Read more

U.S. Senator Cynthia Lummis is seeking to slip a significant crypto tax measure into the massive budget bill that backs much of President Donald Trump’s agenda, trying to reduce tax consequences stemming from fundamental cryptocurrency activities. Lummis sought on Monday to insert language into Congress’ “Big Beautiful Bill” that would, among other things, waive taxes … Read more

Ether (ETH) 3.5% in the past 24 hours to $2,519 as of 18:59 UTC on June 30, according to CoinDesk Research’s technical analysis model, supported by continued institutional demand, network upgrades, and major retail platform integrations. Institutional interest remains robust, with CoinShares reporting $429 million in net inflows into ether investment products over the past … Read more

Circle (CRCL), the company behind the USDC stablecoin, said Monday it has filed an application with the Office of the Comptroller of the Currency to form a federally regulated national trust bank. A federal trust charter would bring Circle under direct OCC oversight, aligning it with how traditional financial institutions are regulated. If approved, the … Read more

Hedera’s native token HBAR HBAR extended its rally on Sunday, trading up 2.1% to $0.1519 as of 19:56 UTC on June 30, according to CoinDesk Research’s technical analysis model. The move follows a flurry of ecosystem updates that broaden Hedera’s enterprise reach and reinforce its growing footprint in AI, gaming, and sustainability. On June 24, … Read more

On the surface, the crypto market barely moved in the first half of 2025. Despite all the tantrum about tariffs, impending recession, war, and heightened expectations of crypto friendly policies and a digital asset strategic reserve with Donald Trump’s return to the White House, the total market capitalization of cryptocurrencies, measured by TradingView, inched up … Read more

Filecoin (FIL) experienced a dramatic 6.1% surge on June 29, jumping from $2.31 to $2.41 with exceptionally high trading volume, before encountering resistance and reverting lower, according to CoinDesk Research’s technical analysis model. The model showed that high-volume resistance has been established at the $2.41 leveI. Horizontal support zone has formed around $2.27-$2.28 where buyers … Read more

Solana SOL jumped about 5% Monday morning amid rumors that a SOL Staking exchange-trade fund (ETF) by Rex Shares and Osprey Funds could start trading on the market as soon as Wednesday. The token later fell back slightly, now trading up about 2.3% over the past 24 hours at $157 at press time. A spokesperson … Read more

Self described ‘DeFi-first’ layer-2 blockchain Katana has launched its mainnet after receiving $180 million in pre-deposits. Deposits flooded in after Katana was revealed to the public less than a month ago. DefiLlama data shows that deposited jumped from $75M to $180M between June 1 Depositors will receive randomized reward NFTs called Krates, as well as … Read more

On July 30, 2025, we will be celebrating a decade since Ethereum launched on mainnet. Inarguably, one of the biggest milestones in this industry’s short life. When it launched as the world’s first smart contract platform, this was obviously something entirely new and a completely new way of thinking about software. Instead of renting access … Read more

Fold Holdings (FLD) notified customers early Monday afternoon of a delay in the rollout of its Fold Bitcoin Credit Card. Shares quickly slumped more than 7% on the news. “A key infrastructure partner unexpectedly exited the credit card business, disrupting our planned rollout,” said Fold in an email to customers. “As a result, the launch … Read more

The U.S. Supreme Court has declined to take up a long-running privacy case involving an Internal Revenue Service (IRS) request for data on thousands of Coinbase customers. In a Monday order, the justices denied a petition for a writ of certiorari — essentially, a green-light to appeal an appellate court’s decision — from a Coinbase customer … Read more

Litecoin (LTC) tried to punch above $88 during Monday’s trading session, but met a wall of sell orders near that level. The token has since retreated to $85.21, down 3.17% since the session’s peak and 1.5% in the last 24-hour period. That stumble erased the week’s slim gains and set a new line in the … Read more

The crypto industry’s political-finance arm, the towering campaign-funding entity known as Fairshake, dropped another $1 million into the coffers of a special-election candidate hoping to replace a Virginia Democrat who died in office, Representative Gerald Connolly. The candidate favored by the industry’s chief political action committee, James Walkinshaw, won the Democrats’ so-called firehouse primary over … Read more

Ripple officially introduced the XRP Ledger’s Ethereum Virtual Machine (EVM) sidechain to the mainnet in an bid to improve the ecosystem’s interoperability and allow developers to deploy their Ethereum-based decentralized applications (dapps) with the XRPL. The development adds EVM-compatible smart contracts while maintaining a connection to the XRPL, giving developers access to the ecosystem at … Read more

Digital brokerage Robinhood (HOOD) is extending its crypto footprint with a slate of new offerings, including developing its own blockchain network based on Arbitrum ARB and launching tokenized stocks trading, the company announced on Monday. The firm today has debuted its stock token offering, issued on the Ethereum layer-2 Arbitrum, for European users, giving access … Read more