CoinDesk

Apple, Airbnb, Google and Elon Musk’s X are holding early discussions with crypto companies about integrating stablecoins into their payment systems, according to people familiar with the matter who spoke with Fortune. The tech giants see stablecoins as a way to cut transaction costs and streamline international payments. Stablecoins are digital tokens pegged to fiat … Read more

Toncoin TON among cryptocurrencies that saw significant price volatility amid the tussle between President Trump and Elon Musk on the state of the U.S. economy. The TON token saw a sharp 7.7% correction on June 5th, according to CoinDesk Research’s technical analysis model. After dropping from $3.25 to $3.00, the asset found “strong support” at … Read more

The cryptocurrency market is experiencing heightened volatility amid an escalating feud between President Donald Trump and his former head of the Department of Government Efficiency, Elon Musk, over the state of the U.S. economy. Cardano’s ADA ADA has also seen extreme price swings amid market uncertainties. After dropping from $0.688 to $0.621, ADA found strong … Read more

This week, I stepped into my role as Blockchain Association CEO at what may be the most consequential moment in crypto’s policymaking history. After years of regulatory uncertainty and punishing enforcement, we have a generational opportunity to establish clear, innovation-friendly rules that will govern digital assets for the next decade and beyond. The convergence of … 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 3009.79, up 0.7% (+21.73) since 4 p.m. ET on Thursday. Thirteen of 20 assets are trading higher. Leaders: SUI (+4.3%) and SOL (+3.3%) Laggards: ETH (-2.0%) and BCH (-1.3%). … Read more

U.S. labor market growth continued to modestly slow in May, but not enough to force a rise in the unemployment rate. Nonfarm payrolls grew 139,000 last month versus economist forecasts for 130,000 and April’s 147,000 (revised from an originally reported 177,000). The unemployment rate for May was 4.2% against expectations for 4.2% and April’s 4.2%. … Read more

Modular blockchain platform IOST has raised $21 million in a strategic funding round to expand the rollout of its real-world asset (RWA) infrastructure across regulated markets, the company said in a press release on Friday. The round was led by institutional investors DWF Labs, Presto, and Rollman Management Group, the company said. The funding will … Read more

President Donald Trump’s media company has registered up to $12 billion in new securities, according to a new S-3 filing. Trump Media and Technology Group (DJT), parent company of social media platform Truth Social, registered with the U.S. Securities and Exchange Commission (SEC) to issue up 84,657,181 shares of Common Stock on Thursday. The company … Read more

Memecoin Shiba inu SHIB has chalked out a 3% recovery from overnight lows under $0.00001200, outperforming bitcoin BTC despite reports of a massive whale transaction. On Thursday, SHIB experienced a significant 7.7% correction, dropping to 0.0000119 before finding strong support at the 0.0000120 level. Prices have since bounced to $0.00001241, according to CoinDesk data. A … Read more

Strategy (MSTR), the largest corporate holder of bitcoin BTC, has priced the new preferred stock offering designed to give long-term investors a fixed 10% annual return with no management fees. The firm will sell 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD), expecting to bring in an estimated $979.7 million … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) and the wider cryptocurrency market recovered from overnight lows, with monero (XMR), XRP and SUI leading the bounce ahead of the pivotal U.S. nonfarm payrolls report, which is expected to show a slowdown in hiring in May. “In the short term, weak data may … Read more

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s BTC broader outlook is constructive, but its short-term prospects remain bleak, according to technical analysis. The leading cryptocurrency by market value has bounced back to nearly $104,000 from its overnight low of $104.30, alongside positive action in U.S. equity … Read more

UK financial regulator the Financial Conduct Authority (FCA) said it will allow consumers access to crypto exchange traded notes (cETNs), as the watchdog aims at growing digital assets in Britain. The move means cETNs could be sold to individual consumers rather than just professional investors in the UK, provided these are traded on an FCA-approved … Read more

Global markets are navigating heightened uncertainty following a public spat between U.S. President Donald Trump and Tesla CEO Elon Musk. NEAR Protocol has demonstrated resilience amid this volatility, recovering from a sharp 5.2% decline to establish support at $2.42. The recent price action shows promising signs of accumulation, with increasing volume on the second test … Read more

The cryptocurrency market continues navigating choppy waters as tensions between U.S. President Donald Trump and Tesla CEO Elon Musk increase. ATOM established crucial support around $4.25 after experiencing a 4.7% decline, with significant buying demand suggesting potential recovery. This price action comes as major economies implement conflicting trade policies, creating ripple effects across financial markets … Read more

Metaplanet, the Tokyo-listed firm now positioning itself as a bitcoin BTC-focused treasury company, has launched a $5.3 billion plan to buy more BTC by issuing 555 million shares through stock acquisition rights. The deal, Metaplanet says, is the largest-ever issuance of stock warrants in Japan and the first time moving strike warrants, where the exercise … Read more

Price Action Solana (SOL) faced intense selling pressure over the past 24 hours, dropping 8.1% from $154.48 to $141.75 before recovering to stabilize near $147.40. The sell-off was largely driven by rising geopolitical tensions and global trade concerns, which spooked risk markets. The sharp drop included a mini-flash crash during the 01:20 hour, but strong … Read more

Yuga Labs CEO Greg Solano filed an Ape Improvement Proposal titled “Sunsetting the DAO and Launching ApeCo” in a pitch to wind down the two-year-old decentralized autonomous organization and pass its assets to a new entity to “supercharge the APE ecosystem.” Solano called the DAO “sluggish, noisy, and often unserious governance theater” that funds “vanity … Read more

Last month, CoinDesk discussed in detail how bond market activity is challenging the notion that the U.S. government is good for money, raising questions on the long-held “kayfabe” or illusion of fiscal stability. Now, billionaire tech entrepreneur Elon Musk has raised the alarm on X through his [perhaps rightful] diatribe against President Donald Trump’s big, … Read more

Cathie Wood’s ARK Invest bought nearly 4.5 million Circle (CRCL) shares on the stablecoin issuer’s first day of trading, a holding worth $373 million at the stock’s closing price. The St Petersburg, California-based investment manager was quick to add the USDC issuer to its portfolio companies that provide exposure to the crypto industry along with … Read more

Fart-powered humor trumped crypto gloom as fartcoin (FARTCOIN) climbed 12% in 24 hours, clawing back losses from a Pump.fun-fueled slump earlier this week after Coinbase (COIN) added the token to its listing roadmap. CoinGecko data shows that the move to $1.06 came on record-high $400 million trading volume, pushing the token into the top 100 … Read more

Tigran Gambaryan, the former U.S. federal agent who led Binance’s financial crime compliance efforts, announced that he is leaving the company after a tumultuous four-year tenure. Gambaryan, once a IRS investigator, joined Binance in 2021 when the crypto exchange was under growing scrutiny for its lax compliance with anti-money laundering regulations. At the time, Binance … Read more

XRP XRP climbed 7% over the past 24 hours, rebounding from a steep sell-off to trade at $2.20 after finding support at $2.07. News Background XRP’s week-long price action was influenced by a mix of fundamental developments and market speculation. Ripple recently received approval from Dubai regulators for its RLUSD stablecoin, underscoring the company’s ambition … Read more

Dogecoin DOGE experienced a dramatic 12.5% decline over the past 24 hours, plunging from 19 cents to 16 cents as tensions between President Donald Trump and technology entrepreneur Elon Musk weighed down on crypto markets. News Background Dogecoin’s latest plunge comes against a backdrop of risk-off sentiment. Elon Musk — long known as a Dogecoin … Read more

Taiwan-based crypto exchange BitoPro has confirmed to CoinDesk that it suffered a cyberattack on an old hot wallet in May, resulting in losses of over $11 million. The company said it immediately replenished the stolen funds and moved assets to new wallets to prevent further losses. The breach, which occurred on May 8 during a … Read more

Dogecoin DOGE and Cardano’s ADA ADA led the declines on Friday as crypto traders digested mixed macro data and recession concerns sparked by an escalating feud between President Donald Trump and tech titan Elon Musk. DOGE tumbled nearly 7% in 24 hours, while ADA slid 6.5% to reflect a risk-off shift among crypto traders. Bitcoin … Read more

Last month, CoinDesk reported that big money is becoming increasingly bullish on ether ETH, with price charts indicating a potential rally above $3,000. New evidence has now emerged, supporting those claims. On Thursday, a trader paid a premium of over $2 million to purchase a total of 61,000 contracts of June-end expiry ether call options … Read more

A late-night Twitter spat between President Donald Trump and Elon Musk sparked fresh uncertainty in global markets, sending major cryptocurrencies tumbling and wiping out nearly $1 billion in leveraged bets. Bitcoin BTC dropped below $101,000 overnight before bouncing modestly, with DOGE and ADA among the worst hit, down over 6% each in the past 24 … Read more

Uber CEO Dara Khosrowshahi said the ride-hailing giant is exploring the use of crypto as a payment method, which marks the third time the company has made the claim since 2021. Speaking Thursday at the Bloomberg Tech conference in San Francisco, Khosrowshahi said the company is in the “study phase” of evaluating stablecoins for operational … 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 BTC is trading above $101.5K as Asia begins its trading … Read more