CoinDesk

Telecommunication company Sequans (NYSE:SQNS) has announced that it will raise $384 million to launch a bitcoin treasury, according to a press release. The company has agreed to issue and sell $195 million in equity securities and $189 million in convertible secured debentures. “Our bitcoin treasury strategy reflects our strong conviction in bitcoin as a premier … Read more

The cryptocurrency market continues to reflect broader economic uncertainties as NEAR Protocol demonstrates resilience amid significant volatility. After experiencing a sharp decline to $1.79, NEAR has established support at $1.83 with substantial buying interest, particularly during high-volume trading periods. The token’s recovery momentum has formed a clear uptrend channel with higher lows, suggesting renewed buyer … Read more

XRP is showing strong resilience in the face of escalating global economic pressures, bouncing back from a steep correction to reclaim the key $2.00 support level. The token traded within a 6.5% range over the past 24 hours, bottoming out at $1.91 before climbing to a high of $2.04. A sharp V-shaped recovery pattern has … Read more

Norway’s Labour Party government has revealed plans to impose a temporary ban on any new crypto mining data centres that use energy‑heavy proof‑of‑work systems, per Reuters. The proposed rule could kick in Autumn 2025, if approved, and is aimed at preserving electricity capacity for more productive industries. “Cryptocurrency mining is very power-intensive and generates little … Read more

Strategy (MSTR), the largest publicly listed company holding bitcoin BTC, has increased its holdings by an additional 245 BTC for $26 million. This latest acquisition brings Strategy’s total bitcoin holdings to 592,345 BTC worth nearly $60 billion at bitcoin current price of about $101,000. The company’s average purchase price for its entire bitcoin position now … Read more

Crypto exchange OKX is “considering” an initial public offering (IPO) with the U.S. as its preferred market, The Information reported on Sunday, citing an interview with the firm’s chief marketing officer. “We will absolutely consider an IPO in the future,” said Haider Rafique, chief marketing officer. “If we go public, it would likely be in … Read more

Shiba Inu’s SHIB v-shaped price recovery from 16-month lows is characterized by a surge in trading volumes, according to CoinDesk’s AI research. The meme cryptocurrency has bounced to $0.0000$1080, having hit a low of $0.00001025 late Sunday. That was the lowest level since February 2024, according to data source TradingView. The bounce comes as bitcoin, … Read more

Layer-1 blockchain Self Chain announced that it has terminated its CEO Ravindra Kumar after allegations of a $50 million over-the-counter (OTC) scam. The allegations broke on Friday with claims that Kumar was involved in a string of OTC scams including firms such as Aza Ventures, which published the allegations on Telegram. Kumar responded at the … Read more

Geopolitical tensions in the Middle East are reshaping the cryptocurrency landscape as military actions between the US, Israel, and Iran create market uncertainty. Despite the turbulence, ATOM has shown remarkable stability, recovering from a sharp 5.83% decline to establish strong support zones. Technical Analysis: ATOM’s Recovery Pattern ATOM-USD experienced a notable recovery pattern over 24 … Read more

Crypto firm Unicoin has agreed to buy a 51% stake in Diamond Lake Minerals, a firm specializing in digital assets, setting the stage for a strategic rebrand and a shift into altcoin treasury. The deal, which was announced on Monday, will see Diamond Lake Minerals renamed to DiamondLake and refocussed on building a cryptocurrency treasury … Read more

Ether’s ETH recent rally may be on shaky ground with one firm warning that last week’s price surge was largely fueled by speculative futures positions instead of a bump in organic demand. In a note on Monday, Matrixport opined that “leveraged traders have pushed [ETH’s] price higher in the absence of fundamental support,” adding that … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Markets are accustomed to violence in the Middle East. That, at least, is the conclusion you might draw from the way financial markets — especially oil — reacted to the U.S. airstrikes on Iran’s nuclear sites over the weekend and the threat of Iran blocking the … Read more

The short-term holder realized price (STH RP) for bitcoin BTC currently sits at $98,200, representing the average on-chain acquisition price for bitcoin {BTC} held outside of exchange reserves and moved within the last 155 days. This metric, derived using on-chain heuristics, helps distinguish between short and long-term holders and provides insight into market sentiment, according … Read more

The calm in the oil market following the U.S. airstrike on Iran’s nuclear sites has dashed the forecasts of bears who predicted a slide in the price of bitcoin BTC. With this in mind, traders can look to the week’s major events that could affect markets. Federal Reserve Chairman Jerome Powell’s semi-annual monetary policy testimony … Read more

Ever since President Donald Trump’s administration signaled favorable crypto regulations, banks, financial institutions and big fintech firms have been looking to bring funds on-chain, and seamlessly offer compliant access to decentralized finance (DeFi), according to blockchain development firm Alchemy. DeFi, traditionally a way for anonymous users to engage in a complex system of automated lending … Read more

Dogecoin staged a sharp recovery following a dramatic weekend selloff, during which the token plummeted to a low of $0.143 before rebounding above $0.153. The move came amid surging trading volume — over five times the daily average — confirming buyer interest at critical support levels and hinting at a potential momentum shift as broader … Read more

Crypto media outlet Cointelegraph has confirmed its website was compromised by a front-end exploit on Sunday, with attackers injecting a malicious pop-up that falsely claimed to offer “CoinTelegraph ICO Airdrops” and “CTG tokens.” The fake banner urged readers to connect their crypto wallets in exchange for nearly $5,500 worth of tokens, citing a “fair launch” … Read more

Crypto traders are in a rebound mode after the panic selling over the weekend, triggered by U.S. military strikes on Iran’s nuclear facilities, forced massive liquidations. Solana SOL, XRP XRP, and Dogecoin DOGE, which were hardest-hit among the altcoins, are showing signs of recovery as leveraged bets reset and spot buying returns. Liquidations pause as … Read more

Metaplanet, the Tokyo-listed hotel firm known for its bitcoin BTC acquisition strategy, has acquired 1,111 bitcoin for $117 million. The firm bought bitcoin at an average price of about $105681 per BTC. The crypto markets fell during the weekend after U.S. bombed several nuclear sites in Iran, pushing bitcoin to lows of $98,000. Bitcoin has … Read more

American poet Charles Bukowski famously said: “The crowd is always wrong,” and his words seem to sum up the situation in the financial markets perfectly. Just 24 hours ago, social media was abuzz with fears that the U.S. airstrike on Iran’s nuclear sites, combined with the talk of Iran mulling the closure of the Strait … 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 trading week, BTC is trading above $100,500 … Read more

Solana (SOL) SOL is trading at $128.82, down 8.33% in the past 24 hours, after a steep intraday correction linked to rising geopolitical tensions. The token dropped from $140.39 to $127.25, with the sharpest hourly decline occurring at 13:00, when sell pressure spiked and trading volume exceeded 4 million, according to CoinDesk Research’s technical analysis … Read more

Bitcoin BTC fell below $100,000 on Sunday, its lowest point since May, signalling risk aversion on Wall Street on Monday amid reports that Iran is leaning towards blocking the Strait of Hormuz. The Strait, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, handling roughly 20% … Read more

Iran’s politicians leaned in favor of blocking the strategically important Strait of Hormuz on Sunday in response to the US military strikes on the Iranian nuclear facilities, according to Saeed Azimi, Tehran correspondent for France 24. “The MPs have unanimously reached this conclusion merely in a consultation capacity. The decision lies with the Supreme National … Read more

Cardano (ADA) ADA is trading at $0.5478, down 6.45% over the past 24 hours, after a sharp correction fueled by market anxiety surrounding escalating geopolitical conflict in the Middle East. The token fell from a high of $0.586 to a low of $0.5464, with the steepest drop occurring during the 21:00 hour when ADA fell … Read more

Dogecoin is showing early signs of recovery after a steep intraday drop that pushed prices to their lowest levels in weeks. The sell-off, triggered by broader macroeconomic uncertainty and geopolitical tensions, found strong buyer interest near the $0.151 level, with volume spiking to 828 million units during the capitulation. Since then, DOGE has stabilized near … Read more

XRP has rebounded sharply after a turbulent session that saw prices drop over 6% in a single day. Following a swift sell-off to $2.011 during the 21:00 hour, the asset stabilized and staged a recovery, forming a bullish ascending channel and holding support above the $2.04 level. Traders are now watching closely as XRP builds … Read more

Bitcoin (BTC) BTC rallied above $102,000 after briefly falling below $101,000 in a volatile session marked by unusually heavy trading, according to CoinDesk Research’s technical analysis model. Market participants reacted swiftly to the dip, which pushed BTC near the bottom of its month-long trading range. The reversal gained momentum as volume accelerated, leading to a … Read more

Crypto bulls were blindsided Friday after the U.S. military launched airstrikes on Iran’s key nuclear sites, triggering a sharp selloff and $595 million in long-position liquidations. The move, announced by former President Donald Trump, saw bombers hit Fordow, Natanz, and Isfahan — three of Iran’s main uranium enrichment facilities. The geopolitical jolt rattled global markets … Read more

Ether (ETH) ETH experienced a sharp flash crash during the 21:00 hour on June 21, falling 7.56% from $2,406 to $2,224, according to CoinDesk Research’s technical analysis model. The sudden price drop triggered heavy trading activity, with more than 751,000 ETH changing hands—nearly five times the average hourly volume. Despite the steep decline, buyer interest … Read more