CoinDesk

WASHINGTON, D.C. — In the wake of the U.S. Senate passing its first major crypto bill, one of the industry chief proponents there, Senator Cynthia Lummis, said the final step toward U.S. regulations for the crypto sector may take several more months to complete, potentially skipping past the August deadline set by President Donald Trump. … Read more

XRP pushed decisively above $2.20 resistance in the latest session, gaining nearly 2% on the back of surging trading volume and improving macro conditions. After days of subdued action, the token surged 1.56% in the final hour of trading, backed by more than triple its 24-hour average volume — suggesting renewed conviction among buyers and … Read more

Video game retailer GameStop (GME) raised an additional $450 million through a follow-on sale of zero-coupon convertible senior notes, the company disclosed in an Tuesday filing to the SEC. This came just a week after the retailer’s initial $2.25 billion private placement, bringing the total fundraising to $2.7 billion from the offering, the company said. … Read more

ProCap BTC, the bitcoin-native financial services firm led by entrepreneur Anthony Pompliano, said it bought 1,208 bitcoin BTC just one day after announcing a $385 million purchase of the largest cryptocurrency. The company said it paid an average of $105,977 for each token, pricing the transaction at $128 million. With this move, the company now … 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 2996.59, up 0.5% (+15.68) since 4 p.m. ET on Tuesday. Seven of 20 assets are trading higher. Leaders: BCH (+6.0%) and SOL (+1.8%). Laggards: APT (-2.7%) and AAVE (-1.6%). … Read more

Crypto exchange Coinbase (COIN) remains one of the most misunderstood companies in the digital assets space, Wall Street broker Bernstein said in a research report Wednesday. Bernstein raised its Coinbase price target to $510 from $310, and reiterated its outperform rating on the stock. The shares Wednesday morning were more than 4% higher at around … Read more

Investment firm Republic is set to let retail investors gain exposure to one of tech’s most coveted startups, Elon Musk’s SpaceX. Starting this week, the platform plans to sell blockchain-based rSpaceX tokens, whose value is set to track the value of the privately-held SpaceX, reports the WSJ. Each rSpaceX token is a promissory note issued … Read more

Dogecoin continued its upward trend over the past 24 hours, gaining 1.67% to close at $0.167 as bulls broke through a key resistance level. The move comes amid ongoing macroeconomic tensions, including heightened trade disputes and geopolitical risk, which have injected volatility into broader crypto markets. DOGE’s performance stands out as it climbs steadily off … Read more

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Imagine a ship caught in a fierce storm, battered by large waves and swaying wildly yet staying afloat. It indicates that beneath the turmoil, resilience persists, suggesting that smooth sailing will follow once the storm passes. Similarly, when an asset’s … Read more

Grove, a new decentralized finance (DeFi) protocol focused on institutional-grade credit infrastructure, emerged from stealth on Wednesday with a $1 billion commitment to a tokenized asset strategy. The protocol aims to bridge DeFi with traditional financial assets by routing on-chain capital into regulated credit investments, focusing on collateralized loan obligations (CLOs). Through its infrastructure, Grove … Read more

Baanx, a cryptocurrency payment card firm working with the likes of Mastercard, Visa and Circle, has announced its support for BNB, the blockchain utility token originally linked to Binance, the world’s largest crypto exchange. Users of Baanx’s “Crypto Life Card” can top up with BNB, expanding the real world use of the BNB Chain beyond … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Crypto prices rose on Wednesday, riding the same relief wave that lifted global equities after Iran and Israel accepted a U.S.-brokered ceasefire. With the threat of an immediate oil supply crunch fading, traders moved back into risk assets. The price of bitcoin BTC rose to near … Read more

Shiba inu (SHIB) whales went bargain hunting early this week after prices dropped to a 16-month low of $0.00001005. According to CoinDesk’s AI research, whales purchased 10.4 trillion SHIB tokens, worth over $110 million, on Monday, marking the largest daily accumulation in five months. The whale action has likely contributed to the cryptocurrency’s 17% price … Read more

Aurora Mobile (JG), a Nasdaq-listed marketing technology provider, is the latest publicly traded company to plan a treasury strategy that includes cryptocurrency investments. The Shenzhen, China-based company’s board approved an initiative to convert up to 20% its cash and cash equivalents into BTC and other digital assets. The investments may include bitcoin BTC, ether ETH, … Read more

RippleX, which supports developers of the XRP Ledger, has released version 2.5.0 of “rippled,” its reference implementation of the network. The new version comes with a string of amendments that expand the network’s functionality and governance tooling. The new amendments are now open for voting according to the XRP Ledger’s amendment process, which enables protocol … Read more

Green Minerals (GEM), a Norwegian deep-sea mining firm, said Wednesday it bought four bitcoin BTC in its first purchase following Monday’s announcement of a $1.2 billion treasury strategy as it joins the ranks of companies including the largest cryptocurrency in its broader financial strategy. The company said it paid about 4.25 million Norwegian kroner ($420,000) … Read more

Metaplanet Inc (3350) and the Blockchain Group (ALTBG) both executed substantial equity capital raises as part of their initiatives to focus on bitcoin accumulation for treasury purposes. Metaplanet announced the exercise of its 20th series of stock acquisition rights under the recently announced 555 Million Plan, raising 74.9 billion yen, ($515 million) in a single … Read more

U.S. President Donald Trump’s media company is accelerating its crypto play. The New York Stock Exchange filed for a rule change on Tuesday that would enable it to list the Truth Social Bitcoin and Ethereum ETF, a dual-asset fund proposed just last week by Trump Media and Technology Group. If approved, the ETF would hold … Read more

Bitcoin BTC is back above $106,000 after dipping below five figures earlier this week, as global markets steadied on signs that a ceasefire between Israel and Iran is holding. Meanwhile, Ether ETH traded at $2,400, up 0.5% on the day, approaching resistance near $2,450. Dogecoin DOGE hovered at 16 cents after a minor 0.6% rise, … Read more

These days, the mention of blockchain-based real world assets (RWAs) conjures up traditional finance institutions, like BlackRock, presiding over billions of dollars in tokenized money market funds. But the original promise of crypto was about opening up finance opportunities to anyone. That’s the ethos Bitfinex Securities is sticking to with its latest tokenized equity issuances: … Read more

Bitcoin’s BTC put-call ratio has jumped ahead of Friday’s multi-billion-dollar options expiry on Deribit, but its traditional bearish interpretation may not tell the full story this time. The put-call open interest ratio refers to the ratio of active put contracts to active call contracts at a given time. An increase in the put-call ratio indicates … 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. After a tense weekend that saw the U.S. bomb an Iranian … Read more

Bitcoin mining firm Hut 8 (HUT) said on Tuesday that it expanded its bitcoin-backed credit facility with Coinbase Credit to $130 million, up from $65 million. The amended agreement also comes with a fixed interest rate of 9% versus the previous floating rate of between 10.5% and 11.5%. The maturity of the facility was extended … Read more

Bitcoin Cash (BCH) BCH is trading at $452.13, down 0.54% over the past 24 hours, after failing to breach the $467 resistance level across multiple tests, according to CoinDesk Research’s technical analysis model. The token briefly surged near that level late on June 23, gaining nearly 3% during a high-volume spike, but was subsequently rejected … Read more

Matter Labs, the developer firm behind the layer-2 network ZKsync, unveiled at the Permissionless conference its new cryptographic prover “Airbender” on Tuesday. A prover is a key component for layer-2s, as it generates zero-knowledge proofs that are then posted to the base layer blockchain (in this case Ethereum) — a crucial process in linking the … Read more

Interoperability platform and oracle provider Chainlink’s native token LINK demonstrated remarkable strength on Tuesday, climbing more than 13% over 24 hours to a $13.51 high. Easing tensions in the Middle East with a ceasefire between Israel and Iran already spurred a broad crypto market recovery, with 98 of the top 100 tokens posting gains and … Read more

We stream data. We stream music. We stream video. Thanks to stablecoins, we are about to start streaming the whole economy. U.S. dollar stablecoins recently hit a milestone–they represent about 1% of the U.S. money supply (based on the M2 measure). Not a big deal, you may be thinking, but in fact, it might become … Read more

Stablecoin firm Circle’s (CRCL) meteoric stock frenzy is showing some signs of cooling. After hitting a record high of $299 on Monday, shares of the stablecoin issuer declined 15% on Tuesday, extending a pullback that has left shares down roughly 25% from their peak. However, at $223, they are still trading over 600% higher than … Read more

CleanSpark (CLSK), a U.S.-based bitcoin BTC mining firm, said Tuesday that it reached 50 exahashes per second (EH/s) of operational hashrate — a milestone that makes it one of the largest mining operations in the world. The company built and operates more than 30 sites across Georgia, Mississippi, Tennessee and Wyoming. A vertically integrated setup … Read more

Filecoin (FIL) demonstrated relative strength over the last 24-hour period, surging from $2.051 to a peak of $2.3478, according to CoinDesk Research’s technical analysis model. The model showed that strong support has been established around the $2.24-$2.25 zone, confirmed by multiple tests with price bouncing higher each time. In recent trading, FIL was 13.6% higher … Read more