The future of money has arrived, with 60% of Fortune 500 companies actively working on blockchain initiatives, digital asset exchange Coinbase (COIN) said in its second quarter State of Crypto report published Tuesday. Stablecoin usage is exploding with a 54% growth in supply year-on-year, more than one third of small and medium sized businesses (SMB) … Read more
Long-time Ethereum advocate William Mougayar is to be the curator and editor of the Ethereum Market Research Center (EMRC), a community-led initiative aimed at raising the profile of the blockchain’s ecosystem among institutional and professional audiences. EMRC will feature contributions from prominent builders, researchers and analysts across the Ethereum landscape. It will include original research … Read more
The developers of Bitcoin Core, the primary open-source software for connecting the blockchain behind the world’s largest cryptocurrency, said October’s version 30 release will increase the default limit for OP_RETURN data transactions from the current 80 bytes to nearly 4MB, a limit imposed by Bitcoin’s block size. The proposal for the change, which was confirmed … Read more
By James Van Straten (All times ET unless indicated otherwise) Bitcoin BTC treasury-holding companies continue to be a significant driver of momentum as the largest cryptocurrency by market cap trades just below the $110,000 mark, up 2% in the past 24 hours, and just 2% short of the record high it set last month. Even … Read more
Digital Commercial Paper (DCP), a fixed income asset secured by U.S. Treasuries and rated Prime-1 by Moody’s, is now live on the XRP Ledger (XRPL), a public blockchain built for the efficient tokenization of real-world assets. Administered by Guggenheim Treasury Services, one of the largest independent commercial paper platform managers in the world, and a … Read more
Ether posted a sharp 7% gain in the past 24 hours as bitcoin’s steady climb past $109,000 boosted an otherwise flat crypto market. Dogecoin added over 5% to trade near 19 cents as of Asian afternoon hours Tuesday, while Cardano’s ADA rose more than 5% as risk appetite returned after last week’s volatility. Overall market … Read more
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).Over the past two weeks, Strategy (MSTR) has refrained from utilizing the at-the-market (ATM) equity program on its common shares to fund bitcoin BTC purchases, choosing instead to use the programs on its two perpetual preferred stocks. The choice most likely reflects the narrowing … Read more
Bitcoin BTC miner Riot Platforms (RIOT) said it sold 1.75 million shares of rival Bitfarms (BITF) for about $1.58 million as part of a continuing review of its investment in the company following an unsuccessful takeover bid that saw its stake in the company rise to almost 15%. The shares, sold on June 9 over … Read more
SG Forge, the cryptocurrency division of French bank Société Générale, plans to introduce a dollar-backed stablecoin on the Ethereum and Solana blockchains, the bank said on Tuesday. The USD CoinVertible (USDCV) will start trading in early July and involves Bank of New York Mellon acting as reserve custodian for the token. As crypto rules coalesce … 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. Bitcoin is trading below $110,000, changing hands at $109.7K, as Asia … Read more
Bitcoin’s BTC quiet climb on Monday accelerated to its strongest price in June, rebounding from last week’s decline to near all-time high levels. The largest crypto advanced by 3.7% over the past 24 hours, topping $110,000, and it’s changing hands by only 2% from its record prices observed in May. Ethereum’s ether ETH kept pace … Read more
Aptos’ APT token rallied more than 4% on significant volume, with momentum indicators suggesting more potential upside, according to CoinDesk Research’s technical analysis model. The digital asset broke out of its consolidation phase between $4.65-$4.73, establishing strong support at $4.73 before pushing through previous resistance levels to establish a new local high, according to the … Read more
A tsunami of new bitcoin BTC treasury companies — firms that almost exclusively dedicate themselves to accumulating bitcoin — is flooding the market. Since all of them are more or less following Strategy’s (MSTR) playbook, questions are rising about the best ways to value them, and compare them to each other. “The most important metric … Read more
The U.S. Securities and Exchange Commission is working on policy to exempt decentralized finance (DeFi) platforms from regulatory barriers, said Chairman Paul Atkins. Software developers building DeFi tools have no business being blamed for how they’re used, Atkins and other SEC Republicans contended at the final of five crypto roundtables that have been held at … Read more
Plasma, a crypto startup developing a blockchain optimized for stablecoins, attracted $500 million in deposits for its token sale on Monday — 10 times more than originally planned. The fundraising cap was filled in five minutes as investors scrambled to earn an allocation for the token distribution, according to blockchain data from Arkham Intelligence. The … Read more
The X account of the President of Paraguay, Santiago Peña, was hacked on Monday. The account posted that Paraguay was making bitcoin BTC legal tender, constituting a bitcoin reserve and issuing bitcoin bonds. It also invited investors to donate to a bitcoin wallet. “Investors: your investment today will determine the scale of this rollout. Secure … Read more
Two well-known ETF issuers are racing to bring funds to market that track the explosive rise of Circle’s newly public stock. Bitwise and ProShares late Friday each submitted applications with the U.S. Securities and Exchange Commission (SEC) to launch exchange-traded funds (ETFs) tied to Circle (CRCL). Both funds would give investors different ways to play … Read more
BNB, the native token of the Binance ecosystem, staged a swift comeback after a jolt of market turbulence rattled the broader crypto market. The coin rose more than 4% from this week’s low and is up around 0.7% in the last 24 hours, reversing from a dip to $631 to around $657 after forming a … Read more
Chainlink LINK, the oracle network that helps bridging blockchain networks with external data, experienced significant price volatility in recent trading, recovering from a sharp 14.4% correction after finding strong support at $13.58. The recovery gained momentum through consecutive higher lows, potentially pointing to accumulation at lower levels. However, bitcoin’s BTC performance will likely dictate the … Read more
The U.K.’s Insolvency Service, responsible for returning assets to creditors in bankruptcy cases, said it appointed its first crypto intelligence specialist to help trace cryptocurrencies as digital assets become more widespread. Former police investigator Andrew Small will take on the role at the government agency, and will primarily focus on criminal cases, the service said. … Read more
Avalanche’s AVAX AVAX token continues to demonstrate significant volatility as it weakens following its recent rally. After initially rising 3.72% from $20.71 to $21.48, AVAX experienced a sharp reversal, falling to $20.25 and establishing a critical support zone between $20.25 and $20.30, according to CoinDesk Research’s technical analysis model. Technical indicators suggest the $20.62-$20.63 level … Read more
Energy-management firm KULR (KULR) is looking to raise up to $300 million by selling shares of its common stock in an at-the-market (ATM) offering facilitated by Cantor Fitzgerald. The funds will be used for general corporate purposes, including working capital and the acquisition of more bitcoin BTC, the company said in an SEC filing. California-based … Read more
TON-USD climbed from $3.156 to $3.24, showing remarkable strength with a 2.66% gain during a powerful breakout supported by high trading volume, according to CoinDesk Research’s technical analysis model. The cryptocurrency found support near the $3.19-$3.20 zone, forming a potential short-term double bottom pattern that could serve as a level for continuation of the broader … Read more
Global markets are navigating choppy waters as delegations from both the U.S. and China are meeting in London to discuss solutions in the ongoing trade war between the two economies. As a result, SUI, the native token of the Sui blockchain, demonstrated remarkable strength with a 4.7% price increase on explosive trading volume, establishing key … Read more
By sheer luck, I had an opening bell media hit with NYSE TV this last Thursday, the day Circle listed as CRCL. The NYSE studio is upstairs at gallery level. I’d first visited the NYSE on the same gallery balcony as a boy with my Dad. I remember getting the impression that IBM was a huge company that … Read more
This year has seen the emergence of a new Internet person empowered by AI coding tools to build software for the Internet’s long tail: the vibe coder. The vibe coder heralds an era of software development that is democratized, effortless and instant, and an Internet economy propelled by builders rather than influencers. Vibe coders need … Read more
The launch of Bitcoin in 2009 created a resilient and decentralized monetary asset. Early adherents rallied around it as a singular innovation — immutable, fixed-supply, and leaderless. Over time, this coalesced into a belief system: Bitcoin maximalism. The argument was simple. Bitcoin came first. It had the most Proof-of-Work security. The most conservative monetary policy. … Read more
The Ethereum blockchain’s unique selling point is its role as a decentralized computer, Wall Street broker Bernstein said in a research report Monday. Inflows into ether ETH exchange-traded funds are increasing as institutions become aware of the network’s value proposition, the broker said. The blockchain “deserves love” as it is useful technology, according to the … Read more
ATOM ATOM, the token of the Cosmos ecosystem, experienced volatility over the past 24 hours, with the price ranging 2.76% and peaking at $4.327. Strong resistance emerged around that level, with high trading volume creating a rejection zone that prevented further advances, according to CoinDesk Research’s technical analysis model. The Cosmos ecosystem, a network comprised … 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 3118.36, up 3.3% (+99.35) since 4 p.m. ET on Friday. Nineteen of 20 assets are trading higher. Leaders: ICP (+21.4%) and UNI (+7.6%). Laggards: POL (-1.1%) and XLM (+1.4%). … Read more