Pepe (PEPE) PEPE, one of the most prominent meme coins, is struggling to hold investor interest, falling 4.7% over the past 24 hours to $0.000009499, according to CoinDesk Research’s technical analysis model. The token’s sharp decline marks a continuation of its recent downtrend, which has been marked by intense volatility and heavy intraday selling. Once … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s BTC price chart is showing a well-formed “bull flag,” suggesting a potential breakout to new lifetime highs consistent with some traders’ expectations for a price rally to $140,000 and higher. BTC surged to a record high of nearly $111,900 … Read more
Sei’s native token, SEI SEI, has jumped more than 50% in the past week, beating all other top-100 tokens by market cap as analysts pointed to a “multifactor rally” behind the spike. “We think SEI just delivered one of the cleanest multi-factor rallies we’ve seen this year — up 45% intraday on 4x average volume. … Read more
Semler Scientific (SMLR) is now trading at a premium to its bitcoin BTC holdings for the first time in three weeks, a signal the company may soon buy more of the largest cryptocurrency by market value. The premium, measured by the multiple net asset value (mNAV), is 1.149, the first time it’s been above parity … Read more
Australia’s Securities and Investment Commission (ASIC) has turned to three of the country’s most seasoned finance figures to probe the inner workings of the Australian Securities Exchange, including the exchange’s doomed blockchain project. ASIC launched the inquiry on June 16 over “ongoing concerns” it and the Reserve Bank of Australia expressed about the exchange’s ability … Read more
Cryptocurrency exchange Kraken has been granted a license to operate in the Republic of Ireland under the European Union’s Markets in Crypto Assets (MiCA) regulation. Kraken will now be able to offer crypto services across the 30 countries in the European Economic Area (EEA), allowing it to scale its business much faster across the region, … Read more
Coinbase has introduced cardano’s ADA ADA and litecoin LTC on its Ethereum layer-2 network Base via cbADA and cbLTC. These assets are fully backed by ADA and LTC locked in Coinbase custody, minted and burned on demand at a one-to-one ratio, with regular proof-of-reserves to back up the claims. Data shows over 11,300 wrapped LTC … Read more
Dogecoin is showing fresh signs of strength after rebounding 17% from weekend lows, with strong buying pressure defending the critical $0.16 support zone. The bounce comes as geopolitical tensions and macroeconomic uncertainty continue to weigh on markets, yet DOGE appears to be building a higher low structure that could set the stage for further upside. … Read more
XRP surged nearly 6% in a dramatic late-session breakout, powered by an explosive volume spike that quadrupled its hourly average and confirmed a fresh support zone above the $2.20 threshold. The rally came as whale wallets moved hundreds of millions of dollars worth of XRP, yet the market shrugged off sell pressure, signaling strong underlying … Read more
Bitcoin’s BTC price has rebounded nearly 10% from weekend lows, with key developments in traditional markets supporting the case for continued gains ahead. The dollar index, which tracks the value of the greenback against major fiat currencies, dropped to 97.27 early Thursday, the lowest level since February 2022, according to data source TradingView. The decline … Read more
Bitcoin BTC is back near $108,000, marking a full recovery from last week’s dip to six figures driven by Middle east tensions, as macro signals turn risk-on and crypto bulls regain technical footing. The market is now betting on a convergence of two trends: dovish Fed commentary and retail’s accelerating rotation into digital assets, traders … Read more
The Trump-affiliated World Liberty Foundation appears to be reversing course on a core promise of its crypto project — making its WLFI token transferrable after initially making it strictly non-transferable (and hence non-tradable). “You asked to make $WLFI transferable — we heard you,” the project’s official X account posted late Wednesday. “The team is working … Read more
Metaplanet, the Japanese hotelier that has been scooping up bitcoin BTC, has become the fifth largest corporate holder of the largest cryptocurrency, racing past Elon Musk’s Tesla. The Tokyo-listed firm bought 1,234 BTC for $133 million at an average price of $107,877. The latest buy has taken Metaplanet’s bitcoin stash to 12,345 BTC at an … 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 the Thursday trading day, BTC is changing hands … Read more
Bit Digital (BTBT) is changing course to become a dedicated ether ETH staking and treasury operation, the company said Wednesday. The New York-based firm will exit the bitcoin BTC mining business entirely, repurposing its assets and capital into its growing ETH strategy. The company began building its ether position and Ethereum staking infrastructure in 2022. … Read more
Bitcoin BTC continued its gentle rise on Wednesday as Fannie Mae and Freddie Mac — which play a pivotal role in issuing mortgages to U.S. homeowners — were ordered by the William Pulte, Director of the Federal Housing Finance Agency (FHFA), to prepare to accept cryptocurrencies as part of applicants’ assets. Back above $107,000, the … Read more
U.S.-based fintech platform SoFi (SOFI) said on Wednesday it will introduce international remittances through blockchain and stablecoins and allow users to invest in cryptocurrencies this year, making good on its promised digital asset push. The upcoming remittance service will let users send U.S. dollars and select stablecoins to recipients abroad with “well-known” blockchain networks processing … Read more
Prediction market Kalshi, a federally regulated competitor to Polymarket, has raised more than $100 million at a valuation of $1 billion, according to a report from Bloomberg. This comes less than a day after reports emerged that Polymarket was raising $200 million at the same unicorn valuation, led by Peter Thiel’s Founders Fund. Publicly available … Read more
Bitcoin miner and ASIC manufacturer Bitdeer Technologies (BTDR) has completed a $330 million private placement of convertible senior notes maturing July 1, 2031. The notes bear interest at 4.875% and feature a conversion price of $15.87 per share — about 44% above BTDR’s current $11 trading price. The bond’s conversion rate of 62.9921 Class A … Read more
Ethereum faces widespread perception as a network in crisis. It has been characterized as a platform plagued by governance upheaval, community fragmentation, and high gas fees. Additionally, Ethereum receives a lot of criticism for its slow performance, which lags behind Bitcoin’s institutional appeal and Solana’s speculative excitement. This narrative misses Ethereum’s central purpose and strategy. … Read more
Solana’s SOL SOL token is trading at $144.04, down 0.62% in the past 24 hours, after briefly climbing as high as $147.73 earlier in the session, according to CoinDesk Research’s technical analysis model. The move came amid a spike in trading volume and fresh commentary from Syncracy Capital Co-Founder Ryan Watkins, who reaffirmed Solana’s long-term … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Ethereum Developer Proposes 6-Second Block Times to Boost Speed ZKsync’s Airbender zkVM Proves Ethereum Blocks in 35 Seconds Norway Plans Ban on New Crypto Mining Data Centers XRP … Read more
Barclays (BARC), one of the U.K.’s largest banks, said it will stop customers using their credit cards to purchase cryptocurrency by the end of the week. The London-based company will block cryptocurrency transactions on its Barclaycard-branded payment cards starting June 27, it said on a website page published Wednesday. The page cited “certain risks” when … Read more
Zama, a cryptography company pioneering fully homomorphic encryption (FHE) for blockchains, said it raised $57 million in a series B round co-led by Blockchange Ventures and Pantera Capital. The team said the fundraise pushes Zama’s total capital raised to over $150 million and values it at over $1 billion, making the firm the first unicorn … Read more
Cardano’s ADA ADA token is trading at $0.5679, down 2.78% in the past 24 hours, after erasing an earlier price rebound, according to CoinDesk Research’s technical analysis model. Despite briefly pushing higher during the latter half of the session, ADA failed to retain upward momentum and slipped toward its daily low into the close. Throughout … Read more
Moca Network, the identity ecosystem of Web3 investment giant Animoca Brands, is planning to introduce a layer-1 blockchain that will allow Web3 projects to identify and verify users without needing to rely on centralized platforms. Moca Chain will enable user data to be verified by applications across any blockchain, similar to the way single sign-in … Read more
The ATOM token experienced notable volatility from June 24 15:00 to June 25 14:00, establishing key resistance at $4.14 and finding support around $3.99, with substantial trading volumes suggesting strong market interest at these price points. This price action comes as major institutional players like Nano Labs begin diversifying beyond Bitcoin, potentially unlocking fresh liquidity … Read more
The cryptocurrency market turned green over the past 24 hours from 24 June 15:00 to 25 June 14:00, with the global market cap increasing by 2.2% to $3.37 trillion. NEAR Protocol showed resilience during this period despite experiencing sharp price swings, establishing support at $2.14-$2.16 with high-volume buying emerging at critical points. In a significant … Read more
The world’s most valuable startups aren’t traded on public markets. They’re tucked away in private portfolios — locked behind high capital requirements, long lockups and limited access to deal flow. Historically, private markets have belonged to the elite few: endowments, family offices and a small club of well-connected institutional players. Today’s private markets remain largely … Read more
Real-world asset (RWA) tokenization has passed its proof-of-concept phase. With over $20 billion in tokenized assets and institutional momentum from top-tier asset issuers such as Apollo, BlackRock, Hamilton Lane, KKR and VanEck, among others, on-chain finance is no longer hypothetical. But the road ahead — powered by rapid infrastructure improvements and shifting market conditions — … Read more