OneBalance, a new developer platform designed to eliminate cross-chain UX friction, has raised $20 million in a Series A round, the company said in a press release Wednesday. The round was led by cyber•Fund and Blockchain Capital, with backing from Bybit’s Mirana Ventures and L2IV, the company said. OneBalance was founded by core contributors to … Read more
*** NOT FOR PUBLICATION – EMBARGOED TILL 12PM ET JUNE 11 *** The formation of a U.S. Strategic Bitcoin Reserve (SBR) marks a pivotal step in bitcoin’s BTC evolution as an institutional asset, crypto exchange Gemini said in a Thursday report co-authored with data firm Glassnode. With over 30% of circulating supply now held by … Read more
Litecoin LTC recovered from am overnight sell-off, rising more than 2% and reaffirming support near $93. The bounce coincided with gains in traditional markets after a cooler-than-expected U.S. CPI report. The digital currency slipped after midnight UTC, losing ground from a $93.58 peak, before attracting buy-side interest that helped stabilize the price around $91. Analysis … Read more
Bitcoin BTC mining firm Bitdeer (BTDR) increased its self-mining capacity and expanded its international operations in May, according to the company’s monthly update. The Singapore-based firm mined 196 BTC last month — up 18% from April — as it pushed forward the deployment of its SEALMINER A2 rigs across data centers in the U.S., Norway, … Read more
Filecoin FIL has established a higher trading range amid significant market volatility, with multiple price bounces confirming support levels around $2.68-$2.69, according to CoinDesk Research’s technical analysis model. The token is currently 3.6% higher over 24 hours, trading around $2.755. The price action comes as ether ETH whales return to the market, potentially signaling the … Read more
TON, the Telegram-linked cryptocurrency, saw a short-term bearish-to-bullish reversal pattern in recent trading, finding key support at $3.25 after significant selling pressure triggered a volume spike of over 152K in a single hour, according to CoinDesk Research’s technical analysis model. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding … Read more
Binance’s BNB token moved higher in the last 24 hours, defying broad market unease driven by geopolitical and economic crosswinds. The coin gained 1.75%, rising from $659.72 to $670.91, as investors monitored resistance levels near $674 for signs of a breakout. The token’s performance comes amid the backdrop of a U.S. Consumer Price Index (CPI) … Read more
Despite billions flowing through centralised exchanges daily, there remains no consistent way to evaluate their underlying operational quality. Surface-level metrics dominate, and transparency varies widely. CoinDesk’s Exchange Benchmark report addresses this gap by offering a structured, independently verified framework to assess counterparty risk. The April 2025 edition of the Exchange Benchmark report is our most … Read more
Avalanche’s AVAX AVAX token has established strong support around the $22 level, successfully defending against multiple downward tests, according to CoinDesk Research’s technical analysis model. AVAX is up 4% in the last 24 hours, outperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins … Read more
Sweden-based H100 Group, a publicly-traded health and longevity company that recently adopted a bitcoin BTC strategy, said it has raised $10.5 million (SEK 101 million) from a group of crypto-focused investors including Blockstream CEO Adam Back, UTXO Management, and several family offices. According to a Wednesday press release, the fundraising was split between SEK 69.65 … Read more
Billionaire investor Paul Tudor Jones says bitcoin isn’t just a speculative asset — it’s a necessity in the current economic environment. In a Bloomberg TV interview, Jones argued that the U.S. is stuck in a “debt trap” and that policymakers will likely keep real interest rates below inflation to reduce the burden. President Trump, Jones … Read more
World Chain, the blockchain of Sam Altman-backed World Network, is now host to natively minted USDC, the stablecoin issued by recently listed crypto firm Circle (CRCL), the companies said on Wednesday. World Network also joined Circle’s Cross-Chain Transfer Protocol (CCTP V2), allowing holders to move USDC across a range of blockchains. Some 2 million World … Read more
Bitwise Asset Management is tapping into the fervor surrounding GameStop’s (GME) bitcoin pivot with the launch of a new exchange-traded fund designed to offer exposure to GME and income. Dubbed the Bitwise GME Option Income Strategy ETF (IGME), the fund will apply a covered call strategy to both provide exposure to GameStop’s share performance and … 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 3283.15, up 0.4% (+13.33) since 4 p.m. ET on Tuesday. Eight of 20 assets are trading higher. Leaders: AAVE (+2.8%) and BCH (+1.9%). Laggards: POL (-2.1%) and DOT (-1.1%). … Read more
Cryptocurrency staking platform Everstake has appointed Grayscale and Fidelity veteran David Kinitsky as its new chief executive officer, the company said on Wednesday. Kinitsky succeeds Sergii Vasylchuk, who founded Everstake in 2018 and will now transition to the role of its president. The leadership change marks Everstake’s acceleration into institutional and broader global markets, according … Read more
PayPal (PYPL) is bringing its PYUSD stablecoin to the Stellar blockchain network to strengthen the dollar-pegged token’s position in cross-border remittances and payment financing, the companies said on Wednesday. PYUSD, which already operates on Ethereum and Solana, will expand to Stellar to explore new areas like payment financing, or “PayFi”. This allows small and medium-sized … Read more
Tokenization platform Ondo Finance ONDO has debuted its flagship U.S. treasury-backed token on XRP Ledger (XRPL), giving institutional investors new tools to manage cash on the blockchain. Qualified purchasers can mint and redeem Ondo Short-Term U.S. Government Treasuries (OUSG) tokens around the clock using Ripple’s U.S. dollar stablecoin RLUSD, the press release said. Initial supply … Read more
Global credit rating giant Moody’s Ratings and tokenization startup Alphaledger have completed a test run showing that municipal bond credit ratings can be embedded into blockchain-based securities, the companies told CoinDesk. The trial, conducted on the Solana SOL blockchain, showcases how credit ratings—typically distributed through proprietary data terminals—could be integrated into tokenized assets on public … Read more
Bitcoin BTC and AI data center operator IREN plans to raise $450 million through a private sale of convertible senior notes, the company said in a press release. The notes, due in 2029, will be offered to qualified institutional buyers and could expand by another $50 million if initial purchasers take up an optional allotment. … Read more
There was good news on the U.S. inflation front in May as both the headline and core rates of the Consumer Price Index rose less than forecast. The CPI rose 0.1% in May, according to the Bureau of Labor Statistics. Economist forecasts had been for 0.2% and April’s pace was 0.2%. On a year-over-year basis, … Read more
Binance Wallet rolled out its Binance Alpha Earn Hub on Wednesday. The hub will reward users that provide liquidity on Alpha token token pools, offering a form of annual interest generated by trading fees generated from these pools. The introduction of the hub comes as Binance Wallet surpassed $12.5 billion in daily on-chain volume, a … Read more
Fitness-equipment manufacturer Interactive Strength (TRNR) said it entered into a securities purchase agreement to raise as much as $500 million for buying Fetch.ai’s FET token as a crypto treasury strategy. The Nasdaq-listed company is already in the process of buying the tokens after raising $55 million of new capital from ATW Partners and DWF Labs, … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) briefly rose past $110,000 after headlines out of London pointed to progress in U.S.-China trade negotiations. It’s now dropped back to remain little changed over 24 hours while the CoinDesk 20 (CD20) index rose 2%, suggesting a rotation into altcoins. One factor keeping bitcoin … Read more
Ukrainian lawmakers have taken the first step towards the creation of a crypto reserve. A group of eight deputies of Ukraine’s parliament, the Verkhovna Rada, submitted a bill which would authorize the country’s National Bank to include “virtual assets in the gold and foreign exchange reserves,” on Tuesday. The bill’s principal sponsor is Yaroslav Zheleznyak, … Read more
Shiba Inu (SHIB) whales appear to be in a risk-off mode ahead of the pivotal U.S. inflation data, which is likely to show a renewed uptick due to U.S. President Donald Trump’s tariffs. Major whale transactions exceeding $100,000 have crashed by 91.5% over the past four days, shifting market control from institutional to retail investors, … Read more
Polygon co-founder Sandeep Nailwal has officially assumed the role of CEO of the Polygon Foundation, marking a pivot in the organization’s leadership makeup and a sweeping overhaul of the network’s longterm roadmap. Nailwal, who launched the project in 2017 when it was still called Matic Network, will consolidate control and reorient the team toward AggLayer … Read more
VivoPower International (VVPW), the Nasdaq-listed company transitioning into a digital asset treasury play, has plans to put $100 million worth of XRP XRP tokens to work. The firm announced Wednesday it has partnered with layer-1 blockchain Flare FLR to deploy $100 million XRP to generate yield on its treasury holdings. The initiative marks the first … Read more
Crypto exchange Bullish confidentially filed for a U.S. initial public offering, the Financial Times reported Wednesday, citing people familiar with the situation. The company aims to capitalize on renewed enthusiasm for digital assets driven by pro-crypto policy signals from the Trump administration and follows last week’s IPO of stablecoin issuer Circle (CRCL), whose shares soared … Read more
XRP XRP traded in a narrow range over the past 24 hours, consolidating between $2.27 and $2.32 as global trade tensions and diverging central bank policies weighed on investor sentiment. The digital asset demonstrated resilience amid broader market volatility, with strong buying interest emerging at key support levels. News Background Ripple’s regulatory wins in Dubai … Read more
Dogecoin {{DOGE}] jumped 4.8% over the past 24 hours, climbing from 18 cents to 19 cents amid renewed bullish momentum and significant trading volume. The rally, marked by a V-shaped recovery from key support levels, is indicative of DOGE’s resilience as it attracts attention from both retail and institutional investors. News Background Dogecoin’s latest rally … Read more