CoinDesk

SINGAPORE — Ripple CEO Brad Garlinghouse is betting big on XRP’s XRP role in the future of cross-border payments, saying the token could capture 14% of the volume carried by SWIFT, the global interbank messaging network, within five years. Speaking at the XRP APEX 2025 event in Singapore on Wednesday, Garlinghouse framed the prediction around … Read more

Anthony Pompliano, a digital assets influencer and podcast host, is set to become CEO of ProCapBTC, a new investment vehicle aiming to acquire large amounts of bitcoin BTC, according to the Financial Times, which cited three people familiar with the talks. Under the proposed deal, ProCapBTC plans to raise $750 million, $500 million in equity … Read more

The SEC and Ripple have moved to close the chapter on one of crypto’s longest-running legal battles, jointly filing a motion in Manhattan federal court to dissolve the injunction in their case and release the $125 million civil penalty currently held in escrow. Under the proposal, $50 million would go to the SEC, while the … Read more

Volatility in crypto markets is rising, but smart money is clustering around some major tokens with booming onchain ecosystems. Crypto markets wobbled on Thursday as traders reacted to renewed military action in the Middle East, with Israel’s reported airstrikes on Iran prompting a broader risk-off move. But while bitcoin BTC and major assets dipped in … Read more

Crypto bulls took a heavy beating on Thursday with over $1.15 billion in liquidations wiping out leveraged positions across major exchanges, marking one of the bloodiest days for crypto markets in recent months. The largest single liquidation was a bitcoin BTC long position on Binance, valued at $200 million, making it one of the biggest … Read more

Senator Cynthia Lummis (R-WY) has introduced the Responsible Innovation and Safe Expertise (RISE) Act of 2025, a legislative proposal designed to clarify liability frameworks for artificial intelligence (AI) used by professionals. The bill could bring transparency from AI developers – stoping short of requiring models to be open source. In a press release, Lummis said … 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 its trading day, all major cryptocurrencies are down … Read more

Bitcoin’s BTC hort-term options skew crashed during the early Asian hours as traders sought downside protection amid escalating tensions in the Middle East, which triggered a sharp rise in oil prices The seven-day skew, which measures the relative richness of Deribit-listed BTC calls to puts, slid to -3.84%, the lowest since April 16, according to … Read more

Bitcoin BTC has substantially added to earlier losses, now down more than 4% over the past 24 hours to $103,900 as Israeli forces have bombed targets in Tehran, the capital of Iran. Axios first reported that Israel had conducted an operation inside Iranian airspace, citing unnamed sources, with Al-Jazeera later confirming that explosions were heard … Read more

SharpLink Gaming (SBET), a Nasdaq-listed company that is pursuing an ether ETH treasury strategy, tumbled 70% on Thursday in after-hours trading following a fresh filing to the U.S. Securities and Exchange Commission. The company submitted an S-3ASR registration statement, enabling the resale of up to 58,699,760 shares related to its private investment in public equity … Read more

Cryptocurrencies were broadly lower on Thursday, with the selloff picking up steam in the early U.S. evening hours. Bitcoin BTC slipped more than 2.5% over the past 24 hours to $105,900, but the declines were far steeper in altcoins, with ether ETH, solana SOL, XRP XRP and dogecoin DOGE among those tokens sporting 5%-7% drops. … Read more

E-commerce giant Shopify (SHOP) is bringing stablecoin payments to its merchants over Base, crypto exchange Coinbase (COIN)’s Ethereum layer-2 network, the companies said on Thursday. The integration is set to roll out on June 12 to a limited group of early access merchants, with broader availability expected later this year for all merchants using Shopify … Read more

A more upbeat macroeconomic backdrop, growing corporate appetite for digital assets, and increased regulatory clarity will fuel a constructive outlook for crypto markets in the second half of 2025, according to a report by Coinbase Research. After a bumpy first quarter marked by a brief contraction in U.S. GDP and trade disruptions, data now point … Read more

DeFi Development Corp. (DFDV), the Nasdaq-listed firm pursuing a solana SOL treasury strategy, is planning to get some more dry powder to boost its SOL stack. According to a Thursday press release, the company has secured a $5 billion equity line of credit with RK Capital Management. The agreement allows DeFi Dev to sell shares … Read more

MANHATTAN — U.S. President Donald Trump again touted his crypto bona fides at a conference Thursday, telling an audience it was an “honor” to be considered a crypto president. Speaking in a 90-second recorded video at Coinbase’s (COIN) State of Crypto Summit (no relation to the CoinDesk newsletter with the same name), Trump reiterated comments … Read more

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. We’re Margaux Nijkerk and Sam Kessler, CoinDesk’s Tech & Protocols team. In this issue: Sandeep Nailwal Takes Control of Polygon Foundation, Charts New Course, Retires ZkEVM Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap Bitcoin Core 30 … Read more

Avalanche AVAX found support after a substantial decline on the short-term, according to CoinDesk Research’s technical analysis model. The token is down 5.6% in the last 24 hours, underperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which lost 3.2% in the … Read more

The NEAR Protocol token is navigating through a period of heightened volatility, showing a clear downtrend with strong resistance at $2.730 and support emerging at $2.445. Recent price action indicates modest recovery from lows but remains below key resistance levels, suggesting continued bearish sentiment despite entering a slight consolidation phase. This technical pressure comes at … Read more

In today’s Crypto for Advisors, Gregory Mall, chief investment officer from Lionsoul Global, writes about bitcoin’s current rally, and how it historically has and could potentially impact altcoins. Then, Kevin Tam looks at crypto trends, 13-F filings and institutional adoption in Ask an Expert. – Sarah Morton Unknown block type “divider”, specify a component for … Read more

Telegram’s cryptocurrency TON, TON is experiencing significant downward pressure on the short-term, according to CoinDesk Research’s technical analysis model. The token saw a 4.67% intraday decline to as low as $3.15 on high volume (3.65 million), though recent price action shows modest recovery attempts from the lows with new resistance forming at $3.24. The token … Read more

Singapore-based Trident Digital (TDTH) is looking to raise up to $500 million to build what it says will be one of the world’s first corporate treasuries centered around XRP. The listed tech firm, which on Nasdaq, said in a press release that the fundraise will support long-term XRP holdings, yield-generating strategies via staking, and deeper … Read more

Morpho, a permissionless cryptocurrency lending protocol, unveiled an update that seeks to further align decentralized finance (DeFi) with traditional lending by bringing more in the way of bespoke, predictable loan terms. Morpho V2 delivers market-driven fixed-rate, fixed-term loans with customizable terms, features previously unseen in DeFi, which are required to meet the demands of institutions … Read more

A hacker who stole $23 million from crypto exchange Bittrue in 2023 has started to launder the proceeds through Tornado Cash, according to Debank data cited by EmberCN. The hacker sent $30 million worth of ether ETH to the mixing service on Thursday, having sold the token in 2023, buying it back after the price … Read more

Cryptocurrency lending firm Maple Finance has partnered with crypto staking specialist Lido Finance to offer stablecoin credit lines backed by collateral in the form of Lido’s liquid staking token (stETH), the companies said on Thursday. The collaboration gives institutions the ability to borrow stablecoins without having to unwind their staked ETH positions. Borrowers can use … 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 3177.65, down 2.6% (-85.47) since 4 p.m ET on Wednesday. None of the 20 assets are trading higher. Leaders: BCH (-1.5%) and BTC (-1.5%). Laggards: LINK (-6.2%) and NEAR … Read more

Conduit, a stablecoin-focused cross-border payments provider, said on Thursday it has teamed up with Brazil’s Braza Group for real-time foreign exchange (FX) swaps between the Brazilian real and major foreign currencies using stablecoins. The service allows users to convert Brazilian real to U.S. dollars or euros and settle transactions in minutes with stablecoins —a sharp … Read more

Stablecoin issuer Tether’s investment arm has taken a minority stake in Elemental Altus (ELE), a publicly-listed precious metals investment company. Tether Investments is aiming to diversify the assets that back its stablecoin USDT, the world’s largest such token with a market capitalization of $155 billion, expanding into tangible assets and precious metals, according to an … Read more

Christopher Wong, a former FBI Supervisory Special Agent and a leading figure in the agency’s cryptocurrency investigations, has joined blockchain intelligence firm TRM Labs. “Chris is not only one of the most talented and respected investigators in the world, he’s also an inspiring colleague who makes everyone around him better,” Ari Redbord, global head of … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) A weaker dollar, subdued inflation and heightened tensions in the Middle East are reshaping the crypto market’s trajectory, giving bitcoin (BTC) room to run in the future, while pushing it down in the near term. While the largest cryptocurrency is lower today, analysts say a price … Read more