The years-long legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to have finally come to an end, after Ripple Labs CEO Brad Garlinghouse announced Friday that the company plans to drop its cross-appeal in the case. “Ripple is dropping our cross appeal, and the SEC is expected to drop their … Read more
Bitvavo is the latest crypto exchange to receive a Markets in Crypto Assets License from the Dutch Authority for the Financial Markets (AFM) to operate across the 30 nations in the European Economic Area. Crypto companies have been applying for the licenses since the regulatory regime came into force in December last year. MiCA, which … Read more
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has begun offering tokenized stocks to customers in the European Union (EU), the firm announced on Friday. The rollout started with tokenized shares of Strategy (MSTR), known as the world’s largest corporate bitcoin BTC holder, with more stocks and exchange-traded funds (ETFs) to be added … Read more
Anchorage Digital, a crypto custodian and federally chartered bank, said it will start phasing out and direct institutional clients to convert USDC USDC and other stablecoins into rival token Global Dollar (USDG) in a sweeping move that drew criticism from industry players. The firm released a “Stablecoin Safety Matrix” that ranks stablecoins based on regulatory … Read more
In a research note released late Thursday, Cantor Fitzgerald says Core Scientific (CORZ) could fetch over $30 per share in a potential acquisition by cloud compute giant CoreWeave, citing both the long-term cash flows from its AI contracts and the replacement value of its data centers. That would be a near doubling from the current … Read more
The crypto markets experienced a relatively calm day on Friday in spite of a renewal of the threat of tariffs. Bitcoin (BTC) is down 0.7% in the last 24 hours, now trading for $106,700, according to CoinDesk market data. The orange coin’s performance was broadly in line with the CoinDesk 20’s — an index of … Read more
With the near-passage of the GENIUS Act and a host of companies announcing stablecoin initiatives, stablecoin-related assets have been on a tear. Circle, issuer of USDC, has seen its stock rise about 500% since its debut on June 5. This week, the company was valued at a staggering $77 billion, which is well above the … Read more
As Polymarket seeks a $1 billion valuation in a Founders Fund-led round, the “quiet winners” may be the stablecoins underpinning its settlement infrastructure, Coinbase analysts wrote in a Friday research report. All of the platform’s trades settle in Circle’s USDC on Polygon, creating measurable demand for the dollar-pegged token. And while lending protocols lock capital … Read more
Trump has come into office with a wrecking ball – and his acts of unpredictability, both domestically and abroad, have only hampered the dollar’s status as the choice reserve currency. In the crypto world, this only means one thing – USD-pegged stablecoins will wane in dominance, leaving a vacuum for other currencies to pounce. And … Read more
Crypto exchange Coinbase (COIN) will start offering perpetual-style futures contracts in the U.S. on July 21, becoming one of the first regulated players to offer the globally popular product. The new vehicle, first available with bitcoin BTC and ether ETH, will trade on the Coinbase Derivatives Exchange, a CFTC-regulated venue. Unlike offshore perpetuals, which dominate … Read more
Bitcoin BTC continues to consolidate in the $102,000 to $108,000 range and gold is lower by 2% today and roughly 7% from its record high. Meanwhile, the Nasdaq 100 has reached new all-time highs. A couple of U.S. macroeconomic data points Friday morning — though nearly two months old at this point — might have … Read more
World Liberty Financial (WLF), the decentralized finance (DeFi) protocol associated with U.S. President Donald Trump and his family, is working with Re7 Labs to establish a vault for its USD1 stablecoin on lending platforms Euler and Lista, the companies said in a statement Friday. The move is part of World Liberty’s broader initiative to scale … Read more
Avalanche’s token AVAX recently broke out of a consolidation phase, establishing strong support levels, according to CoinDesk Research’s technical analysis model. The token is up 0.8% in the last 24 hours. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, except for stablecoins, exchange coins and memecoins — lost 0.4% … Read more
Toncoin TON is demonstrating bullish momentum on the short-term, with price action forming a solid uptrend pattern and significant volume support, according to CoinDesk Research’s technical analysis model. The token is up 1.5% in the last 24 hours. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, except for stablecoins, … 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 2955.67, down 0.4% (-11.81) since 4 p.m. ET on Thursday. Nine of 20 assets are trading higher. Leaders: AAVE (+3.0%) and APT (+2.2%). Laggards: FIL (-2.0%) and XRP (-1.8%). … Read more
Bolt, San Francisco-based checkout and payments platform, said on Friday it has added support for stablecoin payments, a move aimed at streamlining cross-border commerce for marketplaces and merchants using its network. The addition is part of Bolt Connect, a new product focused on helping digital marketplaces scale quickly by automating merchant onboarding, compliance and payouts. … Read more
Shares in Nasdaq-listed cryptocurrency exchange Coinbase (COIN) are fast approaching an overvaluation threshold, 10x Research, headed by Markus Thielen, said Friday. Thielen is recommending a pair trade that comprises a short position in COIN and a simultaneous long position in bitcoin BTC. In a note sent to clients, Thielen explained that Coinbase’s fundamentals, mainly trading … Read more
Midas, a protocol for issuing yield-bearing tokens backed by U.S. Treasuries and other assets, has introduced a blockchain-based private credit product, with the help of institutional asset manager Fasanara and crypto natives Morpho and Steakhouse, the companies said on Friday. Midas’ mF-ONE, a blockchain-native investment certificate, is structured to track Fasanara’s F-ONE fund composed of … Read more
Crypto investors lost over $2.1 billion to hacks and exploits in the first half of 2025, marking the worst six-month period on record for crypto security and an indication of some nation-states intensifying their cyber campaigns in the crypto space. The 75 recorded incidents crossed the previous H1 high from 2022 by roughly 10% and … Read more
Bitcoin BTC miner revenues have slid to their lowest levels in two months, but there’s still no sign of forced selling, even as profitability falls. Daily mining revenue dropped to $34 million on June 22, the weakest since April and among the lowest levels over the past year, CryptoQuant said in a weekly report shared … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) One of the biggest bitcoin BTC options expiries of the year has come and gone, and the largest cryptocurrency has declined just 0.6% in the past 24 hours to a little under $107,000. In bitcoin terms, that’s pretty much rock steady. For a look at how … Read more
Bitcoin BTC is on track to record its weakest monthly performance in a year amid a puzzling mix of consistent spot ETF inflows and signs of on-chain selling by whales and small wallets. As of writing, BTC changed hands at around $107,000, up just 2% for the month, according to CoinDesk data. That’s the smallest … Read more
Sui (SUI) SUI is trading at $2.6481, down 2.03% in the past 24 hours, after rebounding from the $2.58–$2.60 support range during the June 26–27 session, according to CoinDesk Research’s technical analysis model. The bounce followed a steep intraday decline from $2.70 to $2.58 but was supported by renewed volume and improved sentiment tied to … Read more
Bitcoin Treasury Corp. (BTCT), a provider of institutional lending and liquidity services, said it bought 292.80 bitcoin BTC for C$43 million ($31.6 million), launching an accumulation strategy aimed at building a robust digital asset treasury. The Toronto-based company said it viewed bitcoin as both a long-term reserve asset and a crucial part of its revenue … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. A measure of XRP’s XRP price volatility has crashed to the lowest level since President Donald Trump’s victory in the U.S. elections in November. Still, it’s not yet at the level which has historically presaged strong directional trends. XRP’s 30-day … Read more
Accusations of governance manipulation and insider trading have rocked Across Protocol’s ACX token on Friday after well-followed X users alleged that core contributors front-ran a Binance listing and still control the supposedly decentralized DAO. However, the team swiftly denied any such claims. Across Protocol’s token, ACX, is down 10% amid the drama. The allegations, whether … Read more
The Euro-U.S. dollar exchange (EUR/USD), the world’s most liquid foreign exchange pair, has surged 12.88% in the first half, outperforming Nasdaq and S&P 500 and nearly rivaling bitcoin BTC 14.8% rise, according to data source TradingView. The strength of the euro has increased the appeal of stablecoins with values pegged to the euro. The cumulative … Read more
New York-listed Circle (CRCL) has become the breakout stock of June in Seoul. South Korean retail traders have poured nearly $450 million into shares of Circle Internet Group, per Bloomberg. The flurry of investment makes Circle the most heavily bought overseas stock this month and a top-four pick for the year. Since its June 5 … Read more
XRP faced sharp downside pressure over the last 24 hours, falling 5.3% despite large-scale whale activity and easing geopolitical tensions. The asset dipped from $2.21 to a session low of $2.08 before a modest recovery to $2.10. While the broader crypto market attempted to stabilize following ceasefire agreements in the Middle East, XRP’s momentum remained … Read more
Dogecoin is showing early signs of recovery after a steep decline triggered by profit-taking among market participants. The asset dropped nearly 6% over 24 hours but found significant buying interest at $0.158, establishing a short-term support zone as markets digested geopolitical headlines and economic uncertainty. News Background Global markets remain on edge as tensions between … Read more