CoinDesk

The Royal Government of Bhutan transferred 137.245 bitcoin worth about $14.77 million to crypto exchange Binance on June 30, according to blockchain data from Arkham Intelligence. This fresh transaction comes as Bhutan’s total bitcoin holdings have grown to 11,924 BTC, valued at approximately $1.28 billion at current market prices of around $107,000. The small Himalayan … Read more

Wall Street heavyweight JPMorgan (JPM) initiated coverage of stablecoin issuer Circle (CRCL) with an underweight rating and an underwhelming $80 price target. The shares were trading 4.5% higher at around $189 at publication time. Circle is well positioned, the bank said, and its USDC stablecoin has an “early-mover advantage,” with growing use cases in payments. … Read more

Prominent financial advisor Ric Edelman says investors should consider putting as much as 40% of their wealth into cryptocurrency, a bold recommendation that reflects how far digital assets have come in recent years. “Today I am saying 40%, that’s astonishing,” Edelman told CNBC’s Crypto World on Friday. “No one has ever said such a thing.” … Read more

BitMine Immersion Technologies (BMNR) has secured $250 million via a private placement of common stock and will use the funds to launch an ether (ETH) treasury. When the deal closes, expected July 3, the Las Vegas-based miner said it will rank among the largest publicly traded holders of ETH. The financing, priced at $4.50 a … 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 3017.9, up 2.5% (+75.0) since 4 p.m. ET on Friday. Eighteen of the 20 assets are trading higher. Leaders: FIL (+7.3%) and SOL (+6.2%). Laggards: BCH (-2.2%) and APT … Read more

Financial derivatives provider Eightcap is now offering a contract for difference (CFD) based on the CoinDesk 20 Index (CD20), which offers a weighted performance of the largest digital assets. The CD20 CFD is now available to traders in both fiat and USDT pairs as an over-the-counter (OTC) derivatives product to retail traders, according to an … Read more

Benchmark analyst Mark Palmer initiated coverage of Metaplanet (3350.T) with a buy rating and a ¥2,400 price target, calling the company “Japan’s answer to MSTR” due its aggressive bitcoin (BTC) acquisition strategy. That’s about 50% upside from the stock’s close of ¥1,650 overnight. ADRs for the shares trade in the U.S. under the MTPLF symbol … Read more

Spanish police arrested five members of a suspected crypto fraud operation that allegedly laundered 460 million euros ($540 million) stolen from over 5,000 victims. The bust, carried out by Guarda Civil, the armed wing of the country’s law enforcement agencies, saw three arrests from searches in the Canary Islands and two in Madrid on June … Read more

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The ratio between the per-piece dollar price of bitcoin (BTC) and gold’s (XAU) per-ounce dollar-denominated price rose over 10% to 33.33 last week, registering its best performance in two months, according to data source TradingView. The double-digit gain, representing BTC’s … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Just bet on the price movement, not the direction. That’s the message from a market maker as bitcoin (BTC) continues to bore traders with prices caught in crosswinds of continued ETF inflows and selling by long-term holders. Its solidity above $100,000 has sparked a meltdown in … Read more

Real-world asset tokenization firm Backed Finance is launching its tokenized stock offering on major crypto exchanges, and Solana (SOL)-based decentralized finance (DeFi) protocols, bringing equities like Apple, Amazon, and Microsoft and crypto-native platforms closer. The offering includes some 60 equity and ETF tokens that are available for trading around-the-clock, the company said on Monday. Crypto … Read more

The Bank of Korea (BOK) suspended its central bank digital currency project, Singaporean financial newspaper Business Times reported on Monday. The project had reached the stage of developing a pilot program with participating banks. The central bank told the banks it will pause discussions related to the initiative, according to the report, which cited an … Read more

Bitcoin (BTC) has been consolidating above $100,000 since the start of May. The only time the price drop below $100,000 was on 22 June, which was a weekend when tensions escalated between Iran and the U.S. However, due to typically low trading volume over weekends, price action is often less reliable during those periods since … Read more

Malta, a scenic Mediterranean island with a population of just over half a million, is quickly becoming the preferred European base for high-profile crypto companies like OKX and Crypto.com to come and set up shop. Weeks after Europe’s Markets in Crypto Assets (MiCA) regime came into force last December, Malta awarded licenses to some of … Read more

The Blockchain Group (ALTBG) announced a series of strategic moves enhancing both its bitcoin treasury BTC and capital structure. The Paris-based company bought 60 BTC for about 5.5 million euros ($6.5 million), bringing its total holdings to 1,788 BTC valued at about 161.3 million euros, with an average price of 90,213 euros each. Notable transactions … Read more

Bitcoin (BTC) options flow on the leading decentralized onchain platform Derive.xyz shows that traders are preparing for downside price volatility over the next couple of weeks. As of Monday, 20% of the platform’s total BTC options open interest, valued at over $54 million, was concentrated in the July 11 expiry put options with strikes at … Read more

Wintermute, a digital assets-focused market maker and OTC desk, has attained a bitcoin(BTC)-backed credit line from Cantor Fitzgerald, following similar financing deals announced last month with Maple Finance and FalconX. Cantor said the newly launched Bitcoin Financing Business is expected to provide up to $2 billion in financing during its initial rollout. The size of … Read more

BlackRock’s spot bitcoin (BTC) exchange-traded fund (ETF) listed on Nasdaq under the ticker IBIT rose 3.49% last week, snapping a four-week downtrend in trading volumes. A total of 210.02 million shares changed hands in the week ended June 27, registering a 22.2% growth from the preceding week’s volume tally of 171.74 million shares, according to … Read more

Bhutan is going full tilt on crypto — not just to modernize its financial rails, but to attract high-value global travelers and build a digitally resilient economy. At the Digital Bhutan panel, co-hosted by Binance, officials laid out a clear vision: bring crypto out of theory and into everyday life. “Tourists complain they can’t use … Read more

Metaplanet has bought 1,005 bitcoin (BTC) pushing its total stash of the largest cryptocurrency to 13,350 BTC. The Tokyo-listed hotelier also announced it is issuing 0% interest rate ordinary bonds worth $208 million to further enhance its bitcoin acquisition strategy. Metaplanet, is a known BTC HODLer, and is one of the top five corporate holders … Read more

Signs of green shoots have emerged in the shiba inu SHIB market, with whale accumulation and an inside week candle suggesting a price recovery ahead. SHIB’s price has dropped nearly 27% to $0.00001160 since mid-May, hitting a 16-month low of $0.00001005 at one point, according to data source TradingView. The decline, however, prompted whales – … 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. As Asia begins a new trading week, ETH is trading close … Read more

Bitcoin (BTC) BTC traded at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours, as attention turned to fiscal policy tensions in Washington following President Trump’s latest post on Truth Social. Price action remained volatile, with BTC fluctuating between $107,194 and $108,489 during the 24-hour window, according to CoinDesk Research’s … Read more

BNB BNB traded in a narrow range on Sunday, reflecting resilience amid low volatility as the BNB Chain community gears up for a significant infrastructure upgrade, according to CoinDesk Research’s technical analysis model. The Maxwell hard fork upgrade scheduled for June 30 is poised to enhance the performance of the BNB Smart Chain (BSC) mainnet … Read more

Ondo (ONDO) ONDO rose 1.5% to $0.7671 over the past 24 hours, holding near recent highs after a week of gains, according to CoinDesk Research’s technical analysis model. The move comes roughly two weeks after Ondo Finance disclosed a new industry collaboration focused on setting standards for tokenized securities. In a June 17 blog post, … Read more

Shares of Nasdaq-listed cryptocurrency exchange Coinbase (COIN) rose 43% this month, making the firm the top performer in the S&P 500 since it joined the index at the end of last month. June’s run is already the stock’s best since November and caps three straight monthly gains. Coinbase’s shares reached their highest level since their … Read more

Robinhood (HOOD) has introduced micro futures on bitcoin (BTC), solana (SOL) and XRP in the United States., expanding its existing crypto futures offering for its nearly 26 million funded accounts. Micro contracts need far less collateral than full-size futures, letting traders take directional positions while committing a smaller slice of capital. The contracts offer traders … Read more

XRP climbed 5.5% to $2.19 in the last 24 hours after a trio of catalysts converged to help the cryptocurrency outperform the wider cryptocurrency market. One of the catalysts was launch of XRP micro futures on Robinhood. The contracts offer traders more flexibility to bet on the cryptocurrency’s future price direction or hedge current positions … Read more

Bitcoin Treasury Corporation, a Canadian firm focused on bitcoin-related services, has wrapped up the first leg of its bitcoin buying campaign, adding 478.57 bitcoin (BTC) for CAD $70 million ($51 million) and boosting its total holdings to 771.37 BTC. The accumulation works out to roughly 0.0000634 BTC per fully diluted share, the company said in … Read more