Those who have followed financial markets for some time may have heard of contrary indicators. These metrics are often misleading at first glance – some appear positive but tend to signal a market downtrend, while others that seem negative mark price upswings. One such contrary indicator is leveraged bitcoin longs on the crypto exchange Bitfinex. … Read more
It’s raining institutional activity across all corners of the digital asset ecosystem. Core Foundation, which leverages Bitcoin’s security and infrastructure to create a Proof-of-Stake (PoS) layer and a DeFi ecosystem, announced BitGo and KODA as validator sets for the Core network, marking a significant step forward in institutional adoption of Bitcoin-native DeFi. The onboarding of … Read more
Meanwhile, a Bermuda-based life insurance firm that operates entirely in bitcoin, released on Thursday its 2024 audited financial statements — making it one of the first companies fully operating in bitcoin to ever release a financial audit. “We follow a tried-and-trusted business model, but we denominate everything in bitcoin,” Zac Townsend, CEO of Meanwhile, told … Read more
Global markets are navigating heightened uncertainty as trade disputes between major economies intensify. NEAR Protocol’s NEAR 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 of support forming a potential double … Read more
The cryptocurrency market continues navigating choppy waters amid complex global economic developments. ATOM has established crucial support around $4.25 after experiencing a 4.7% decline, with significant buying volume suggesting potential recovery. This price action comes as major economies implement conflicting trade policies, creating ripple effects across financial markets worldwide. Central banks’ shifting monetary stance on … Read more
Leverage across the crypto economy is evolving, not evaporating. Total crypto-collateralized lending fell 4.9% quarter-over-quarter to $39.07 billion, the first decline since late 2023, Galaxy Research’s Q1 2025 report shows. But while the headline figure contracted, underlying dynamics suggest leverage is shifting form, not fading. Lending in decentralized finance (DeFi) lending took a hit early … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) and other major cryptocurrencies continue to offer little directional clarity to traders, with inflows into spot ETFs slowing during the seasonally bearish period. According to 10x Research, June tends to be a mixed-to-negative month for the largest tokens. Bitcoin has averaged a 1.9% return … Read more
There is a strong institutional presence in U.S. spot crypto exchange-traded funds (ETFs), with investment advisors taking a commanding lead, according to the recent SEC filings. Investment advisors now hold over $10.28 billion in spot bitcoin BTC ETF assets, representing 124,753 BTC. Investment advisors hold nearly half of the total crypto assets declared by the … Read more
The widely tracked 50-day simple moving average of bitcoin’s BTC price is giving off mixed signals. The measure hit a record high, climbing into six figures for the first time in a sign of the broader bullish outlook for the leading cryptocurrency by market capitalization. At the same time, however, the spread between the price … Read more
Crypto asset manager 3iQ has debuted one of its hedge fund products as an actively managed certificate (AMC) with the Swiss regulated partner Criptonite Asset Management, the companies said on Thursday. AMCs are regulated investment vehicles that allow qualified investors to invest in actively managed products. The new structured product is due to trade on … Read more
The world’s richest man took aim at President Donald Trump’s proposed spending package, calling the One Big Beautiful Bill Act a fiscal disaster. Teslo CEO Elon Musk, the former head of the Department of Government Efficiency, left the department as the legislation moved through Congress, warning it marks the largest increase in the debt ceiling … Read more
Crypto traders holding XRP XRP and dogecoin DOGE can now tap into yield-generating decentralized finance (DeFi) opportunities on Base, the layer-2 blockchain from digital assets exchange Coinbase (COIN). On Wednesday, the Nasdaq-listed exchange said the wrapped versions of the two tokens, called cbXRP and cbDOGE, were live on Base. These wrapped tokens are backed 1:1 … Read more
XRP XRP tumbled 2.71% over the past 24 hours, continuing its downward spiral as selling pressure outweighed buyer interest. The token now trades at $2.20 after breaking below key support levels, forming a descending channel pattern that has defined recent price action. A significant volume spike of 1.2 million units preceded the breakdown, signaling traders’ … Read more
Dogecoin DOGE fell as much as 4.3% over the past 24 hours, dropping from $0.196 to $0.189 as profit-taking continues across majors. The meme-inspired token broke below key support at $0.194 during heavy selling between 11:00-14:00, establishing a new resistance zone while finding a temporary bottom at $0.187. News Background Dogecoin’s price struggles come amid … Read more
Embattled Indian crypto exchange WazirX’s restructuring plan has hit a major snag, with the Singapore High Court declining to approve the crypto exchange’s proposed scheme to repay creditors. The decision effectively delays any payouts that were expected to begin as early as April 2025. “The Honourable Singapore High Court issued an order declining to approve … Read more
Profit-taking continued to weigh down crypto markets Thursday as Dogecoin DOGE and Cardano’s ADA ADA led declines among major tokens, with bitcoin BTC little-changed over the past 24 hours. XRP XRP, Solana’s SOL SOL and BNB Chain’s BNB BNB shed 1.5%, while Tron’s TRX TRX was the only major token in the green with a … Read more
The Securities and Futures Commission, Hong Kong’s securities regulator, is planning to allow professional investors to trade crypto derivatives, marking a significant expansion of the territory’s virtual asset market offerings, according to a report from China Daily. Crypto derivatives are a considerably larger market than spot trading. Data from TokenInsight shows that the crypto derivatives … 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. Macro Events and Vitalik’s Bold Plan to 10x Ethereum Layer 1 … Read more
A suspect allegedly behind recent high-profile crypto kidnappings in France has been arrested in Morocco, according to Maghreb Arab Press, a government-run press agency. At the request of French authorities, a joint operation of Morocco’s National Judicial Police Brigade (BNPJ) and the General Directorate of Territorial Surveillance (DGST) took the 24-year-old French-Moroccan suspect into custody, … Read more
Circle made its public market debut Wednesday on the New York Stock Exchange (NYSE) under the ticker “CRCL,” pricing its shares at $31 — above the expected $24 to $26 range. The company sold around 34 million shares in the offering, for a valuation of $1.1 billion. Bloomberg pegs the total amount raised in the … Read more
Ethereum co-founder Vitalik Buterin transferred around $2.6 million worth of tokens through the privacy-focused protocol Railgun on Wednesday, in what appears to be both a routine financial transaction and a quiet endorsement of blockchain-based privacy. It’s unclear how the funds sent to Railgun — which included a mix of ETH and USDC — were ultimately … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team. In this issue: Berachain Taps Ethereum’s Pectra Playbook With ‘Bectra’ Upgrade Ethereum Foundation Lays Off Some Staff Amid R&D Restructuring Elon Musk Announces ‘Bitcoin-Style’ XChat, But Tech Experts … Read more
This week’s main economic event comes on Friday when the U.S. government releases employment data for May. Ahead of that though, were three fairly important data points of their own on Wednesday, and all flashed unexpected weakness. First to hit was ADP private payrolls for May and that report showed the addition of just 37,000 … Read more
JPMorgan Chase (JPM) plans to let trading and wealth-management clients use certain crypto-linked assets, including spot bitcoin exchange-traded funds (ETFs), as collateral for loans. Starting in the coming weeks, the bank will offer financing backed by shares of BlackRock’s iShares Bitcoin Trust (IBIT), Bloomberg reported Wednesday, citing people familiar. For some clients, JPMorgan will also … Read more
U.S. House of Representatives Republicans are forging ahead with legislation to establish regulations for U.S. crypto markets, dissecting that effort in a pair of hearings on Wednesday, but Democrats insist the complex bill is hurried, flawed and fails to address a chief complaint: their accusations that President Donald Trump is engaged in crypto corruption. The … Read more
Crypto-friendly Lee Jae-myung was elected as South Korea’s new president on Wednesday, defeating the incumbent Conservative Party’s leader Kim Moon-soo. During the election Lee made a number of promises to South Korea’s crypto industry, appealing to the nation’s 15 million crypto investors. These included legalizing spot cryptocurrency exchange-traded funds and allowing institutional investors like the … Read more
Bitcoin mining firm BitFuFu posted a record-setting month in May, boosting its hashrate under management to 34.1 exahashes per second (EH/s) and producing 400 BTC, up 91% from April. Most of that production came from cloud-mining clients, who generated 357 BTC, while the remaining 43 BTC came from BitFuFu’s self-mining operations. The increase was largely … Read more
Stablecoin issuer Circle Internet Group may price its upcoming initial public offering (IPO) well above its marketed range after demand from investors far outpaced supply, according to Bloomberg. The company has reportedly received orders for more than 25 times the number of shares available in the offering. Circle is expected to finalize its pricing following … Read more
Recent price action reveals TON’s struggle to maintain stability, with a failed breakout attempt at $3.22 followed by accelerated selling during peak trading hours, according to CoinDesk Research’s technical analysis model. The move comes as the broader market gauge, CoinDesk20 Index, remained flat. Technical indicators paint a potential bearish picture on the short-term timeframe as … Read more
Litecoin LTC is clinging to key technical support around $89 as a mix of fundamental and macro developments shape its short-term outlook, according to CoinDesk Research’s technical analysis data model. The cryptocurrency traded in a tight range over the last 24 hours, testing lows near $88.92 before recovering. Despite forming a bearish head-and-shoulders pattern, volume … Read more