CoinDesk

Crypto wallet infrastructure company Turnkey has raised $30 million in Series B funding led by Bain Capital Crypto, Fortune reported on Monday. Turnkey, which was co-founded by former Coinbase employees Bryce Ferguson and Jack Kearney, aims to help developers build user-friendly wallets using application programming interfaces (APIs). This can help wallets become more streamlined and … Read more

Michael Saylor-led Stategy (MSTR) yet again topped up its sizable bitcoin BTC holdings last week, adding an additional 1,045 BTC for $110.2 million. The average purchase price of this latest buy was $105,426 each and the average purchase price for the company’s 582,000 coin stack rose to $70,086 each. With bitcoin trading at about $107,500 … Read more

Sui-based decentralized exchange (DEX) Cetus Protocol is back online following a 17-day outage spurred by last month’s $223 million exploit. The protocol recovered around $162 million worth of stolen funds and is continuing legal action against the attacker, who did not respond to the DEX’s requests to negotiate. Sui stepped in to compensate Cetus for … Read more

Ether (ETH) ETH is up 1.28% in the past 24 hours to reach $2,538.25. This comes as new data from CoinShares shows ETH drew in $295 million in weekly inflows, the most of any digital asset last week. The surge brings month-to-date flows to $296 million and lifts Ethereum’s total assets under management to $14.09 … Read more

Blockchain protocol OpenLedger said it will commit $25 million to fund AI and Web3 developers. The capital will be available on OpenCircle, a new launchpad set up by the California-based project to assist developers with creating AI-focused protocols. The funding comes at a time of increased intersection between the blockchain and AI industries. Telegram last … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC rose over the weekend, offering a reprieve after a week of market jitters. It is now trading around $106,600 after gaining 1.2% in the past 24 hours, while the broader CoinDesk 20 (CD20) index added nearly 1.7%. The recovery appeared driven less by headlines … Read more

Solana’s SOL SOL posted a solid recovery over the past 24 hours, rising as much as 4.83% before retreating to trade around $152.16. While volatility remains elevated, the cryptocurrency has formed a pattern of higher lows, suggesting underlying strength amid a fragile macro backdrop. The broader market remains focused on renewed trade talks between the … Read more

Shiba inu (SHIB) remains locked in a downtrend despite recovering from overnight lows, as the sharp drop in the “daily burn” rate has dented deflation prospects. The token has recovered to trade near $0.000012650 at the time of writing, having reached a low of $0.00001234 during the Asian hours. Still, the downtrend identified by trendlines … Read more

Argentine President Javier Milei was cleared of wrongdoing over his promotion of the LIBRA memecoin in February, the Buenos Aires Herald reported on Saturday. A resolution issued Friday by the country’s anti-corruption office argued that the president was speaking “as an economist and not a public official,” when he shared news of LIBRA on X. … Read more

The Blockchain Group (ALTBG), a tech firm that brands itself as Europe’s first Bitcoin Treasury Company, announced a share-issuance program worth up to 300 million euros ($342.5 million). The capital raise is structured as an at the market (ATM) program and backed by French asset manager TOBAM, a longtime investor in both bitcoin BTC and … Read more

Soneium, the Ethereum overlay blockchain linked to 78-year-old Japanese electronics giant Sony, unveiled a new incubator program, Soneium For All, to accelerate consumer and gaming applications within its 7 million-user blockchain ecosystem. As crypto continues its march into the mainstream, traditional technology companies, the Apple’s and Ubers of this world, are looking to the tech … Read more

Major cryptocurrencies showed little bullish momentum Monday, even as hopes for the U.S.-China trade talks lifted Asian stocks. Bitcoin BTC, the leading cryptocurrency by market value, traded flat-to-negative near $105,650, having carved out a doji candle, a sign of indecision, on Sunday, according to data source TradingView. Data from Blockchain.com showed a marked slowdown in … 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. BlackRock calls Quantum computers, with their ability to outperform classical binary … Read more

Bitcoin (BTC) BTC maintained a steady climb Saturday as U.S. domestic tensions intensified. Markets remained focused on crypto resilience despite unsettling headlines, including an immigration-related standoff in Los Angeles. According to a report by CNBC, over 100 arrests have been reported as clashes continued between protesters and federal agents, prompting President Trump to authorize the … Read more

Bitcoin BTC held firm above $105,000 on Saturday despite an unusually combative and personal escalation in the Trump-Musk feud that could rattle traditional markets next week. On Saturday, in a phone interview with NBC News, President Trump warned that there would be “serious consequences” if Elon Musk financially backed Democratic candidates running against Republicans who … Read more

Ether ETH has rebounded firmly from key support near $2,460, recovering losses and stabilizing above the $2,500 threshold amid broader market volatility. The rally follows a higher low formation backed by above-average volume, signaling growing market confidence. Institutional participation appears to be reinforcing the trend, with BlackRock’s ETHA ETF reporting $492 million in net inflows … Read more

Coinbase and BiT Global have reached a legal settlement that ended their dispute over the delisting of BiT Global’s wrapped bitcoin (wBTC) token on Coinbase. According to a joint court filing, BiT Global has agreed to dismiss its lawsuit against the crypto exchange with prejudice, meaning the case cannot be brought again in the future. … Read more

SOL showed renewed strength Saturday as it rebounded from a low of $147.13 to trade back above $151, despite lingering global macroeconomic headwinds. The recovery comes amid a spike in on-chain activity, with Coin Days Destroyed surging to 3.55 billion—its third-highest level this year—indicating movement of long-dormant tokens. The bounce off $147 confirmed a bullish … Read more

Deutsche Bank is studying stablecoins and tokenized deposits as part of its growing digital assets strategy, joining other major banks exploring blockchain infrastructure for payments and settlement. The bank is considering whether to issue its own stablecoin or join a broader industry initiative, Bloomberg reported, citing Sabih Behzad, Deutsche Bank’s head of digital assets and … Read more

Avalanche’s native token AVAX surged more than 6% in the last 24 hours, outpacing the broader crypto market as measured by the CoinDesk 20 (CD20) index, which rose 0.8% in the same period. AVAX’s price may have rebounded from political jitters and moved on the back of major developments in real-world asset (RWA) tokenization and … Read more

Eric Trump said that World Liberty Financial, the decentralized finance project with ties to the Trump family, plans to acquire a “substantial position” in the TRUMP memecoin for its long-term treasury as it “aligns” with the project. The announcement, posted to X on Friday, framed the move as part of a shared vision for “crypto, … Read more

The House Financial Services Committee might mark up market structure legislation next week, while the Senate seems close to passing its stablecoin bill. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Legislative moves The narrative Here’s what’s clear: There … Read more

Korea’s new President, Lee Jae-myung, has appointed the CEO of Hashed Research, Kim Yong-beom, to be the Chief Policy Officer of Korea’s Presidential Office. Before leading Hashed Research, crypto fund Hashed’s think tank, Kim was the Vice Minister of Economy and Finance during the Moon Jae-in administration. In a previous interview with CoinDesk, Simon Kim, … Read more

Gemini Space Station Inc., the crypto exchange and custody platform founded by Cameron and Tyler Winklevoss, has taken a significant step toward becoming a publicly traded company. The firm announced Friday that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC), signaling its intent to … Read more

It was a week of fortunes made, and fortunes lost, at CoinDesk.On the one hand, we had Circle, long a leading crypto company, hurtling to IPO and making bank. Its shares were priced at $110 at press time (up from $31 Wednesday), leading many to expect a summer and fall of crypto-themed IPOs. On the … Read more

Bitcoin miner HIVE Digital Technologies (HIVE) has surpassed 10 exahash per second (EH/s) in hashrate capacity, a 58% increase from April, driven by the launch of a 100-megawatt hydro-powered site in Paraguay. The company said in a press release on Friday that it’s on track to reach 25 EH/s by the end of 2025. The … Read more

WASHINGTON, D.C. — U.S. President Donald Trump’s crypto ventures were once again under the microscope during a House Financial Services Committee hearing that otherwise saw legal experts express worries about how regulators might police digital assets under a market structure bill. The committee held a “minority day” hearing — meaning the witnesses were primarily picked … Read more

Polkadot DOT bullish momentum has potentially returned, after the token retook an important support level at $3.96, according to CoinDesk Research’s technical analysis model. DOT experienced a 7% correction from $4.038 to a low of $3.753 before establishing “strong support” and rebounding strongly, according to the model. The token is currently 1.3% lower, trading around … Read more

Crypto prediction market Polymarket and Elon Musk-led artificial intelligence (AI) firm xAI — which owns X, the social media platform formerly known as Twitter — announced a partnership on Friday. Proud to announce Polymarket’s partnership with X and xAI as their Official Prediction Market Partner,” Shayne Coplan, the prediction platform’s CEO, posted on X. “The … Read more

Crypto markets were shaken on Thursday when U.S. President Donald Trump and Tesla CEO Elon Musk engaged in a heated argument on social media over the U.S. national debt, which cumulated in the world’s richest man endorsing Trump’s impeachment and claiming the twice-elected politician was implicated in the Jeffrey Epstein files. Avalanche’s token, AVAX AVAX, … Read more