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
The dollar index (DXY), a measure of the U.S. dollar’s strength against a basket of major global currencies, dropped below 98 for the first time since early 2022. This move signals a notable shift in global currency markets and could create a favorable environment for risk assets, especially cryptocurrencies, like bitcoin BTC. In recent years, … Read more
Strategy (MSTR) has officially launched trading of its third “bitcoin-backed preferred stock”, STRD, on the Nasdaq, with shares making their debut on Wednesday. The new security, formally named the 10% Series A Perpetual Stride Preferred Stock (STRD), closed the day slightly higher, gaining 0.24%. STRD offers a fixed 10% annual dividend, making it the highest-yielding … Read more
Ether( ETH) ETH struggled to maintain Tuesday’s momentum, falling 0.15% to $2,758 amid selling pressure that emerged during U.S. afternoon trading on June 11. The pullback followed a brief rally to $2,872.42, which proved unsustainable as price action reversed sharply between 15:00 and 17:00 UTC, according to CoinDesk Research’s technical analysis model. The late-session sell-off … Read more
The international unit of Alipay owner Ant Group plans to seek stablecoin licenses in Hong Kong and Singapore, Bloomberg reported on Thursday. Ant International will apply for a stablecoin issuer’s license once the regulatory regime comes into effect in August, according to the report, citing people familiar with the matter. The firm is also planning … Read more
Mercurity Fintech Holding (MFH) is raising $800 million to establish a bitcoin BTC treasury, the company announced in a press release. The New York-based fintech group said the funds will support a multi-pronged strategy: acquiring bitcoin, storing it in blockchain-native custodial infrastructure, and integrating it into a system that includes tokenized treasury tools and staking … Read more
Wednesday’s auction of 10-year U.S. Treasury notes undermined the narrative that investors are moving away from U.S. government debt, the bedrock of global finance, and pouring money instead into bitcoin BTC and gold. Thursday’s sale of $22 billion of 30-year bonds may provide further clues to investor confidence in the fiscal policies of U.S. President … Read more
Stablecoin-focused blockchain Plasma raised its deposit cap to $1 billion early Thursday — and hit that limit within 30 minutes. The new cap marks a doubling from the prior $500 million ceiling, which had itself been raised just days earlier following a community-driven outcry over bot activity and rapid sellout times. Plasma said the short-notice … Read more
XRP XRP fell 3.7% over the past 24 hours, reversing from a daily high of $2.288 to close near $2.260 after three rejections at the $2.33 resistance level. Despite forming a short-term double bottom at $2.250, declining recovery volume points to sustained bearish pressure. News Background XRP’s sharp pullback follows days of heightened volatility fueled … Read more
Dogecoin DOGE experienced sharp swings over the past 24 hours, initially surging to 20 cents before falling to 19.1 cents, representing a 6.63% range. The meme coin formed a V-shaped recovery pattern late in the session, climbing back to $0.192 with rising volume, though resistance remains firm around just above 20 cents. News Background Dogecoin’s … Read more
Bitcoin BTC held firm above $107,000 on Thursday, but signs of fatigue are beginning to surface across the broader crypto market as majors show early signs of profit-taking. Dogecoin DOGE was down nearly 4% at 19 cents, while Tron’s TRX TRX slipped 5.5% to 27 cents. XRP XRP, BNB Chain’s BNB BNB, Solana’s SOL SOL, … Read more
Wednesday’s softer-than-expected U.S. inflation has likely set the stage for accelerated gains in bitcoin BTC, potentially to $200,000 by the end of the year, according to Matt Mena, crypto research strategist at 21Shares. “If BTC breaks out of the $105K-$110K range with conviction, we could see a sharp move to $120K and, more importantly, reach our … 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 Thursday business day, ETH is trading at … Read more
GameStop (GME), the embattled video game retailer turned meme stock, announced Wednesday a $1.75 billion convertible senior note offering. Proceeds will be used at least in part for “making investments in a manner consistent with GameStop’s Investment Policy,” per a company press release. Said investment policy is to add bitcoin as a treasury reserve asset, … Read more
Safe, the popular multiparty crypto wallet previously called Gnosis Safe, has launched a new development unit, Safe Labs, in a move aimed at consolidating its operations and sharpening its product roadmap after it was targeted in February’s $1.4 billion ByBit hack — the largest crypto heist to date. The new entity will serve as the … Read more
The recent wave of companies adding bitcoin to their balance sheets has not yielded universally positive results. Semler Scientific (SMLR), a medical technology firm that pivoted into bitcoin treasury strategy, has seen its stock fall over nearly 50% in 2025 to nearly the level it was at a bit more than one year ago when … Read more
The U.S. Senate took the initial steps toward final approval of its first major crypto legislation as members opened voting Wednesday on the bill to set standards for U.S. stablecoin issuers, clearing the highest procedural hurdle with a 68-30 result. In a moment that will mark the industry’s greatest U.S. policy success to-date, the famously … Read more
SUI SUI, the native token of the Sui blockchain, rose slightly over the past 24 hours before falling sharply after macroeconomic factors hit global markets during U.S. afternoon hours.. The token rose following news that Nasdaq filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list the 21Shares SUI exchange-traded fund. … Read more
Almost a year and a half after bitcoin BTC spot exchange-traded funds were unleashed upon the U.S. financial system, financial advisors are still trying to wrap their heads around crypto. That’s according to Gerry O’Shea, head of global market insights at crypto asset manager Hashdex. “The overwhelming majority of financial advisors in particular are not … Read more
Senate Democrats Elizabeth Warren and Richard Blumenthal want Meta to explain what its stablecoin plans are. In a letter sent to the social media giant on Wednesday, the lawmakers asked the company formerly known as Facebook to detail its stablecoin ambitions and pointed to previous reports about issues Meta has had with scams, “alleged anticompetitive … Read more
Going against the recent trend of state governments in the U.S. pursuing cryptocurrency investments, the Connecticut General Assembly has thrown down a ban against that New England state following suit, even as others pursue digital assets reserves in their fiscal strategies. According to unanimous decisions in both its House and Senate, Connecticut passed a bill … Read more
Ether (ETH) ETH drifted around $2,770 for most of Tuesday until roughly 8 p.m. ET, when officials said negotiators in London had forged a draft U.S.–China trade framework. The outline — till awaiting presidential approval — would see Beijing resume rare-earth exports while Washington eases curbs on advanced-technology sales. At 8:04 a.m. ET on Wednesday, … Read more
The United States is on the brink of a new technological frontier – one powered by blockchain and digital assets. These assets are not just the next phase of the internet, but lay the foundation for a more secure, decentralized, and inclusive financial future. From reimagining global payments to protecting data privacy, the potential of … Read more
Stripe is acquiring crypto wallet infrastructure provider Privy, as part of its broader plan to make blockchain tools easier to integrate into mainstream digital products. Privy creates embedded wallets for apps and websites, sparing users from having to sign up for external crypto wallets like MetaMask. Terms of the transaction, which was first reported by … Read more
The Cosmos ecosystem token has established key support levels around $4.50 as traders navigate the complex interplay between traditional finance concerns and digital asset opportunities. Ethereum whales have doubled their transaction activity in 24 hours, with large transaction volumes surging 164.14% to $7.84 billion, potentially signaling the start of an altcoin season, of which ATOM … Read more
You’ve been at the forefront of creating digital asset products from an early stage. Why do you think investors should consider putting money into digital assets? First of all, with digital assets, you get a quantitative diversity of return. Per increment of risk to reward, the ratio of the performance of bitcoin to the S&P … Read more
AAVE’s recent price action demonstrates remarkable strength, climbing another 3.8% over the past 24-hour period and now up 25% since Monday. The token broke through key resistance at $311.50 with exceptional volume, suggesting potential for continued upward movement. This technical breakout was supported by significant fundamental developments in the decentralized finance (DeFi) space. The U.S. … Read more
Cryptocurrency exchange Bullish has announced details for a trading competition that will take place in Q3 of this year. The total prize pool for the competition is $14 million, with $10 million going to the winner and the remaining pool being spread across first, second and regional winners. Unlike trading competitions of the past set … Read more