WASHINGTON, D.C. — As many as 16 Democrats may vote in favor of the Senate’s stablecoin bill when it gets to its final set of votes in the legislative body, Arizona Senator Ruben Gallego said Thursday. The “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025” (GENIUS) Act faced headwinds last month after Gallego … Read more
The crypto market is getting redder by the minute as the spat between U.S. President Donald Trump and Tesla CEO Elon Musk intensifies. Late in the U.S. day, bitcoin BTC was down more than 4% to $100,500, threatening to dip back into five digits for the first time in a month. The CoinDesk 20 — … Read more
The U.S. Department of the Treasury has sanctioned a Philippines-based tech company, Funnull Technology Inc., for providing the computer infrastructure for “hundreds of thousands of websites” involved in pig butchering scams, according to a Thursday press release from the Treasury’s Office of Foreign Asset Control (OFAC). OFAC also sanctioned Liu Lizhi, a Chinese national working … Read more
Shares of Circle (CRCL) surged in its first day of trading on the New York Stock Exchange (NYSE), closing at $83 after coming public at $31. The stock spiked to as high as $104 after the first trades crossed the board at $69. For traders and analysts alike, though, the focus now shifts to whether … Read more
CoinFlip, a Chicago-based operator of more than 5,500 cryptocurrency ATMs globally, is exploring a potential sale as merger and acquisition activity heats up across the digital asset sector, according to Bloomberg. The company is working with an advisor to gauge buyer interest, the report said. CoinFlip could seek at least $1 billion in a deal, … Read more
The family of U.S. President Donald Trump has allegedly sent a cease-and-desist letter to two entities behind a forthcoming — and already heavily disputed — Trump-branded crypto wallet, according to a Thursday report from Bloomberg. Since the announcement of the so-called $TRUMP Wallet (named for the President’s eponymous memecoin) earlier this week, Trump’s three sons — Don Jr., … Read more
Solana (SOL) continues to face mounting bearish pressure as the price slid below the psychological $150 level, marking a 5.2% drop in the past 24 hours. The sell-off intensified during the early afternoon session with high-volume trades flooding exchanges. Analysts attribute the decline to more than 3 million SOL tokens being transferred to centralized platforms … Read more
Filecoin FIL has broken below a critical support level at $2.54, dropping 4.87% in 24 hours amid accelerating bearish momentum, according to CoinDesk Research’s technical analysis model. The move comes as the broader market gauge, CoinDesk 20 Index, fell 2.6% in the last 24 hours. The cryptocurrency’s recent price action reflects broader market uncertainty as … Read more
As artificial intelligence (AI) powers ahead, the question is no longer if we will integrate AI into core Web3 protocols and applications, but how. Behind the scenes, the rise of NeuroSymbolic AI promises to be useful in addressing the risks inherent with today’s large language models (LLMs). Unlike LLMs that rely solely on neural architectures, … Read more
Is it 2021 all over again? Circle (CRCL) debuted to wild upside action on the New York Stock Exchange on Thursday, its shares more than tripling from the IPO price of $31. The event was the culmination of a long journey for the USDC stablecoin issuer, which had been pursuing an IPO for several years. … Read more
Uniswap’s UNI token has come under renewed pressure as early gains unraveled, sending prices below the critical $6.22 support zone. The day began with a sharp rally that pushed UNI to an intraday high of $6.44, but strong selling emerged shortly after, erasing the advance. The shift in market structure comes amid broader uncertainty tied … Read more
Shares of Circle (CRCL) began trading on the New York Stock Exchange (NYSE) on Thursday, opening at $69 a share in early trading. The stock at point surged to as much as $100, more than 200% above the $31 price it had set the night before. The company announced late Wednesday that it sold roughly … Read more
At first glance, throwing Web3 and AI into a headline might seem like a bad example of buzzword soup, the practice of media companies trying to game the algorithms (and your attention) by using a bunch of the most-searched words of the day. But CoinDesk has been following the slow integration of applications that track … Read more
At first glance, throwing Web3 and AI into a headline might seem like a bad example of buzzword soup, the practice of media companies trying to game the algorithms (and your attention) by using a bunch of the most-searched words of the day. But CoinDesk has been following the slow integration of applications that track … Read more
El Salvador and the United States are looking to ramp up their crypto partnership. Bo Hines, the executive director of the White House’s Presidential Council of Advisers for Digital Assets, met with Salvadoran President Nayib Bukele on Wednesday. “The aspiring Bitcoin Superpower came to meet with the OG Bitcoin Country to discuss areas of mutual … Read more
The EasyA Consensus Hackathon, hosted on May 14-16 in Toronto, was the largest blockchain-related hackathon in North American history — and its organizers, brothers Phil and Dom Kwok, are planning on going even bigger next year in Miami. “We had some really good results, really cool projects,” the duo told CoinDesk in an interview recently. … Read more
High throughput blockchain Keeta and credit data platform SOLO, companies both backed by former Google CEO Eric Schmidt, are introducing an on-chain credit bureau to give digital asset owners access to mortgages, small business loans, and other traditional lending services. Keeta and SOLO have created PASS, a blockchain-based, bank-grade financial identity layer, using know-your-customer, income, … Read more
The Ethereum Foundation published an updated treasury policy on Wednesday, outlining a series of new plans around token sales, fiat purchases and transparency practices designed to ensure the organization’s “long-term agency, sustainability, and legitimacy.” The EF, a Swiss non-profit, plays a central role in the Ethereum blockchain ecosystem. In addition to employing researchers, builders and … Read more
The U.S. seized 145 darknet and internet domains as well as cryptocurrency funds linked to BidenCash, a market for buying and selling stolen credit card details and associated personal information, the Attorney’s Office for the Eastern District of Virginia said on Wednesday. The marketplace accumulated revenue of $17 million from supporting over 117,000 customers and … Read more
Maple Finance, a cryptocurrency lending firm offering decentralized finance-like (DeFi) yields to institutions, has expanded into the Solana ecosystem with the help of Chainlink’s Cross-Chain Interoperability Protocol (CCIP). To support the expansion, Maple’s ecosystem has allocated $500,000 in incentives and coordinated over $30 million in liquidity, establishing a deep and stable foundation for lending, trading … Read more
The Federal Reserve — a key regulator of U.S. banking — is about to have a new vice chairman for supervision, Michelle Bowman, who will ultimately guide how the Fed oversees the financial system, possibly including how stablecoin issuers are regulated. After a tight party-line confirmation vote in the Senate approved the Kansas Republican’s nomination … Read more
Avalanche’s AVAX AVAX token experienced significant price fluctuation in the short term, trading within a 5.5% range between $21.16 and $19.98. Bears remain in control despite intermittent support around the $20.10 level. The 18th-largest currency by market capitalization, down 5% over 24 hours, underperformed the CoinDesk 20 — an index of the top 20 cryptocurrencies … Read more
Aptos APT slumped as much as 4% on Thursday as trade tensions and wider market uncertainty weighed on sentiment. The APT token has experienced significant price volatility amid broader market uncertainty, with selling pressure pushing the asset through multiple support levels as investors react to macroeconomic developments. The token has now consolidated above the 4.77 … Read more
The yield-bearing vault created by decentralized exchange HyperLiquid has grown from $163 million to $418 million over the past two months despite centralization concerns around the JELLY market fiasco in March, data from DefiLlama shows. The vault, which acts as an internal market maker and gives depositors a yield, was underwater by $13.5 million after … Read more
Plume, a blockchain network focused on real-world assets, announced on Thursday the launch of its hotly anticipated Genesis mainnet. The launch, according to a statement shared by the Plume team, marks the “next generation” of asset-backed DeFi — tokenizing traditional financial instruments, or real-world assets (RWA), so they can interact with blockchain-based financial tools. RWAs … Read more
In today’s Crypto for Advisors, Josh Olszewicz from Canary Capital provides a breakdown of Solana – where it came from, and what’s happening with the asset today. Then, Alec Beckman from Psalion answers questions about Solana’s history and considerations for investors in Ask an Expert. – Sarah Morton Unknown block type “divider”, specify a component … Read more
Toncoin TON demonstrated short-term strength with a 3% rally, according to CoinDesk Research’s technical analysis model. The token’s price action shows resilience despite late session volatility, with support holding at the $3.17-$3.18 zone after reaching a peak of $3.25. In contrast, the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, … Read more
U.S. President Donald Trump’s social media company, Truth Social, is wasting no time in trying to launch a spot bitcoin BTC exchange-traded fund (ETF). Crypto asset manager Yorkville America Digital, who is sponsoring the fund, filed an S-1 document with the Securities and Exchange Commission (SEC) on Thursday, just two days after filing a 19b-4 … Read more
Botanix Labs has onboarded a couple of crypto industry heavyweights as node operators for its bitcoin layer-2 network. Mike Novogratz’s digital asset financial services firm Galaxy and crypto custody specialist Fireblocks are among 16 new node operators on Botanix, the company announced on Thursday. The operators have been onboarded and will be live once the … Read more
Bitcoin BTC has taken deeper root in corporate treasuries, with 116 public companies now holding a combined 809,100 BTC, worth around $85 billion based on current prices, at the end of May. That’s a dramatic rise from 312,200 BTC held a year ago in corporate treasuries, according to Binance Research’s latest report. Nearly 100,000 BTC … Read more