CoinDesk

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

Bitcoin BTC traded around $107,000 on Friday as crypto markets took a breather, with investors booking profits in majors like XRP XRP and Solana’s SOL SOL despite strong macro tailwinds. XRP dropped over 4% to reverse gains from earlier in the week, while Solana slid 3% to retest the $140 support level. BNB Chain’s BNB … Read more

Bitcoin’s BTC double top prospects above $100,000 warrant caution, but a full-blown 2022-style crash looks unlikely unless an unexpected black swan hits, according to digital asset banking group Sygnum’s Head of Investment Research Katalin Tischhauser. “The crypto market is strongly sentiment-driven as fundamental valuations are challenging; therefore, technical analysis signals such as the double top … 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. While stablecoins (USDT, USDC) dominated U.S. headlines last month amid the … Read more

Shares of crypto exchange Coinbase (COIN) climbed to their highest level since its April 2021 Nasdaq debut on Thursday, bringing the stock nearly full circle after plunging more than 90% during the depths of 2022’s crypto winter. COIN hit $382 Thursday before paring some of the gains and closed higher by 5.5%. The stock’s more … Read more

Bitcoin BTC traded in a tight range just during U.S. hours Thursday ahead of a big options quarter expiry on Friday. The top cryptocurrency is currently trading for $107,500, down 0.2% in the past 24 hours, while the CoinDesk 20 — an index of the top 20 coins by market capitalization, except for stablecoins, exchange … Read more

The bitcoin treasury trend — which has seen many firms globally adopting Michael Saylor’s strategy — entered a new phase on Thursday. Lingerie Fighting Championships (BOTY), a Las Vegas-based women’s MMA league, announced plans to acquire $230,000 worth of bitcoin within 30 days and up to $2 million over the next six months. The decision … Read more

One year after unsuccessfully trying to purchase Core Scientific (CORZ), cloud and AI infrastructure firm CoreWeave (CRWV) is again in talks with the bitcoin miner, according to the WSJ. Exact terms haven’t been discussed, but a deal could be finalized in coming weeks, according to the story. Roughly one year ago, CoreWeave tried to acquire … Read more

A New York judge has rejected a joint request from the U.S. Securities and Exchange Commission (SEC) and Ripple Labs for her to approve a proposed settlement agreement that would slash Ripple’s civil penalty to $50 million and dissolve the permanent injunction against the firm. It is the proposed removal of the permanent injunction, and … Read more

Ripple is pushing deeper into multichain interoperability with the integration of Wormhole, a leading cross-chain messaging protocol, with the XRP Ledger (XRPL) and its EVM-compatible sidechain. The move, announced Thursday, aims to support institutional demand for seamless movement of crypto assets, including stablecoins and tokenized real-world assets, across multiple blockchain networks, without added friction or … Read more

WASHINGTON, D.C. — U.S. Senator Tim Scott, the chairman of the Senate Banking Committee, told a White House crypto adviser on Thursday that legislation establishing rules for the U.S. crypto markets will be finished by September 30 — later than President Donald Trump had in mind, but earlier than the year-end prediction from one of … Read more

Hong Kong’s government released its second major policy statement on digital assets, underlining its pledge to set the region up as a global hub for the industry and saying it plans to establish a regulatory regime that puts risk management and investor protection center stage. The framework will be overseen by the Securities and Futures … Read more

A spot dogecoin ETF DOGE may be coming closer to reality. ETF issuer Bitwise updated a regulatory filing for its dogecoin ETF on Thursday, suggesting approval chances could be growing, according to one expert. “Bitwise has filed amended S-1s for their spot dogecoin ETF and their spot aptos ETFs,” wrote Bloomberg Intelligence’s Eric Balchunas. “Good … Read more

As well as being issuer of the world’s largest stablecoin, USDT, Tether also owns more than 10% of Juventus FC and is now looking to play a more active role in the running of the Italian soccer powerhouse. Tether asked to participate in the club’s recent capital increase and be granted a board seat in … Read more

What do the latest crypto IPOs mean for the market? Aaron Brogan of Brogan Law breaks it down in today’s Crypto for Advisors newsletter. Then, Jean-Marie Mognetti, CEO of CoinShares, provides insights from their latest investor insights survey about what clients are looking for from their advisors in terms of crypto support in Ask an … Read more

Avalanche AVAX broke below critical $17.45 support level amid accelerated selling pressure, dropping 3.4% over 24 hours, according to CoinDesk Research’s technical analysis model. The move underperformed CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has fallen 1.6% in the same period … Read more

The cryptocurrency market is feeling the effects of broader uncertainty in equities as NEAR Protocol dropped 5.01% from $2.16 to $2.06 during the 24-hour period from June 25 to June 26. The bearish pressure culminated in a sharp sell-off between 13:36-13:51 on June 26, when NEAR plunged to a session low of $2.05 on heavy … Read more

The real-world asset (RWA) tokenization market has grown by 380% in just three years, reaching $24 billion this month in a sign that traditional finance is finding benefits from embracing blockchain technology, according to a report from RedStone, Gauntlet and RWA.xyz. “Asset tokenization has decisively transitioned from experimental pilots to scaled institutional adoption in 2024-2025,” … Read more

Taurus, the Swiss crypto custody technology firm that counts Deutsche Bank among its customers, is rolling out a zero-knowledge proofs (ZKP) privacy layer for stablecoins, starting with Circle’s USDC. Taurus’s zero-knowledge carapace for stablecoins, a way of secretly sharing details about private data using mathematical proofs, was built on the privacy-centric Aztec Network. It continues … Read more

Stablecoins now account for most illicit on-chain activity, according to the Financial Action Task Force (FATF). Mass adoption of stablecoins will amplify illicit finance risks, particularly when it is handled unevenly across difference jurisdictions, the FATF said in a new report about anti-money laundering and counter-terrorist financing (AML/CFT). The FATF estimated there was approximately $51 … Read more

To many of us in and around crypto, this time feels different. Tokenization of financial assets has arrived in ways that we haven’t previously seen. As we charge ahead, it’s important to zoom out, slow down—something our industry is not known for—and take a snapshot of today and where we are going tomorrow. Stablecoins Are … 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 2982.19, down 0.6% (-17.53) since 4 p.m. ET on Wednesday. Three of 20 assets are trading higher. Leaders: BCH (+2.7%) and ETH (+0.5%). Laggards: SUI (-4.6%) and HBAR (-3.5%). … Read more

Cryptocurrency exchange giant Kraken introduced a blockchain-powered global money app called Krak that allows users to instantly transact across borders for almost no cost, while also earning competitive rewards on their account balances. Krak is designed to fix the outdated norms of legacy finance, Kraken said, blending crypto technology with the exchange’s trusted network of … Read more

A blank-check company backed by former Blackstone dealmaker Chinh Chu and Tether co-founder Reeve Collins is looking to raise $1 billion to build a publicly traded cryptocurrency treasury firm, Bloomberg reported citing sources familiar with the plans. The vehicle, M3-Brigade Acquisition V, plans to rebrand and use the cash to buy a basket of tokens … Read more

Crypto whales looking to trade large orders in Solana’s SOL SOL, dogecoin DOGE and XRP XRP might want to consider new research by Coingecko, which shows Bitget as the industry leader in altcoin liquidity, outpacing Binance. “CEX [centralized exchange] liquidity for the top 5 major crypto assets is generally healthy across various market depths, with … Read more

Digital asset infrastructure firm Taurus, whose clients which include Deutsche Bank and State Street, has launched the first private stablecoin contract, targeting financial institutions and businesses who have been hesitant to use stablecoins for privacy concerns. Built on Aztec Network, a privacy-focused Ethereum layer-2 backed by a16z, the contract combines zero-knowledge privacy with compliance features … Read more

Stablecoin-focused payments platform Rain has teamed up with Toku, a compliance provider for digital asset compensation, to bring real-time stablecoin payroll to global employers. The system allows companies to fund and settle payroll in stablecoins instantly and across borders, while meeting local labor and tax laws in more than 100 countries, the company said. At … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Slowly, then suddenly. That sums up the adoption of bitcoin (BTC) and the wider cryptocurrency market by institutions. It started with Strategy, then called MicroStrategy, adopting BTC as a balance sheet asset in 2020. Now the head of the U.S. government agency overseeing Fannie Mae and … Read more

Bitcoin’s BTC illiquid supply has surged to 14.37 million BTC, jumping from 13.9 million BTC at the start of 2025, according to Glassnode data. With bitcoin’s current circulating supply standing at approximately 19.8 million, this means over 72 percent of all mined BTC is now classified as illiquid. Illiquid supply refers to the portion of … Read more