The U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) imposed sanctions on Funnull Technology, a provider of technology for websites allegedly involved in so-called pig butchering scams, and two cryptocurrency wallets said to be linked to Huione Group. Philippines-based Funnull also directly facilitated a scam involving virtual currencies resulting in over $200 … Read more
Hong Kong-based trading platform HashKey Group has announced the listing of XRP XRP for professional investors. The company said in a tweet that spot XRP/USD markets are now live, although the trading pair notched just $4,000 in volume in the first hour after listing. HashKey Group is licensed by the Hong Kong Securities and Futures … Read more
The crypto market mood was sombre Friday, with XRP XRP losing key support alongside losses in market leader bitcoin and other major tokens, as traders awaited the Fed’s preferred inflation measure, the core PCE. Payments-focused XRP dipped below the 200-day simple moving average (SMA) for the first time since April 10, indicating a strengthening of … Read more
From May 29 to May 30, 2025, SHIB experienced marked volatility with prices varying between $0.000013252 and $0.000014508. A critical support level emerged around $0.000013285, where buying pressure was noticeable, triggering upward reversals. In contrast, resistance near $0.000014500 indicated waning upward momentum. As SHIB’s price stabilized around $0.000013390 towards May 30’s end, a decline in … Read more
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR) At the Bitcoin conference in Las Vegas, Strategy (MSTR) Executive Chairman Michael Saylor was asked how the company would respond if its multiple to net asset value (mNAV) fell below 1, as it did during the previous bear market. In response, Saylor drew … Read more
Ether.fi, the restaking protocol turned neobank with $6.8 billion in user deposits, has announced the roll out of Ether.Fi Hotels, a feature that lets users book luxury hotels around the world using their Ether.fi Cash cards. The firm pivoted to become a neobank last month, offering traditional banking services coupled with its existing native decentralized … Read more
The co-founders of Bitcoin privacy app Samourai Wallet pushed back against the U.S. government’s criminal charges, arguing in a new court filing that the Department of Justice’s case should be thrown out because it breaks with years of Treasury Department policy and threatens to criminalize open-source software. Keonne Rodriguez and William Hill, charged with operating … Read more
Hidden Road, the prime brokerage platform recently acquired by Ripple, has officially launched a digital assets prime brokerage for the U.S. market, giving institutional investors access to over-the-counter (OTC) crypto swaps. The new offering will allow U.S.-based institutional clients to execute cash-settled OTC swaps across several tokens. The product will be operated through Hidden Road’s … Read more
BlackRock’s iShares Bitcoin Trust exchange-traded fund (IBIT) is experiencing record-low volatility, according to Senior Bloomberg ETF analyst Eric Balchunas, which is attracting more interest from larger investors looking for a “digital gold” rather than speculative tech-like behavior. The 90-day rolling volatility of 47.64 is the lowest since the ETF was introduced in January 2024, Balchunas … Read more
Dogecoin DOGE nosedived 9%, while Cardano’s ADA ADA and Solana’s SOL SOL each fell 6% in the past 24 hours as Trump’s reinstated tariffs reignited trade tensions. A swift legal reversal saw the U.S. Court of Appeals for the Federal Circuit issue a temporary stay on Wednesday’s lower court ruling that had struck down the … Read more
Bitcoin BTC has long been criticized for its high volatility, with bull runs marked by sudden, sharp pullbacks that would qualify as full-blown bear trends in stocks. However, the latest bull market, which kicked off in early 2023, feels different in a positive way, exhibiting relatively low volatility and drawdowns. Volatility in downtrend According to … Read more
Webus International, a China-based provider of customizable car and touring services for travelers worldwide, said it plans to raise as much as $300 million through non-equity financing to establish an XRP XRP reserve supporting its global chauffeur payment network. The reserve is part of a broader push to integrate XRP’s cross-border settlement capabilities into Webus’s … Read more
Thai crypto traders will be blocked from accessing Bybit, CoinEx, OKX, 1000X, and XT.com, from June 28, according to a recent announcement from Thailand’s Securities and Exchange Commission. The Thai SEC has filed charges against these exchanges with the country’s Economic Crime Suppression Division, citing violations of the Digital Asset Business Act, and has requested … Read more
James Wynn, the Hyperliquid trader who had at one time a billion-dollar notional position, has become an outsized victim of bitcoin’s BTC cooling sentiment. Wynn’s current highly leveraged BTC position, which he appears to be struggling to maintain, spiralled into a loss of nearly $100 million over the last week. Data from Hyperdash shows that … Read more
Crypto staking, under certain circumstances, does not appear to implicate U.S. securities law, a branch of the U.S. Securities and Exchange Commission said late Thursday. The SEC’s Division of Corporation Finance published a staff statement — the latest in a series from the regulator — spelling out how the regulator may evaluate proof-of-stake networks, mainly … Read more
Fastex, a Dubai-based crypto exchange, is expanding its presence in the U.S., building out an office in Los Angeles, California. According to a Thursday announcement, Fastex will offer spot crypto trading services of tokens including bitcoin BTC, ether ETH, Cardano ADA, Solana SOL and its native utility token, Fasttoken FTN, to both retail and institutional … Read more
LAS VEGAS, Nevada — Strategy (MSTR) Chair Michael Saylor waxed poetic about bitcoin in a keynote speech at Bitcoin 2025 in Las Vegas on Thursday, laying out his guiding principles — his so-called “21 ways to wealth” — for a jam-packed audience of fans and conference-goers. “Satoshi started a fire in cyberspace, and while the fearful run from … Read more
LAS VEGAS, Nevada — Silk Road founder Ross Ulbricht has a message for the crypto community: if you want to maintain your freedom, you must remain unified and decentralized, and you must be prepared for a struggle. In a heart-felt keynote speech closing out Bitcoin 2025 in Las Vegas on Thursday, Ulbricht, addressing the public … 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 $105K as Asia begins its business … Read more
Two men suspected in the kidnapping and torture of a 28-year-old Italian cryptocurrency investor have pleaded not guilty, while the investigation into their case appears to have expanded to the New York Police Department itself. New York police had previously arrested William Duplessie, 33, and John Woeltz, 37, on the charges, as well as a … Read more
The U.S. Securities and Exchange Commission moved to drop its long-running lawsuit against crypto exchange Binance on Thursday, without providing an explanation in a court filing. The SEC and Binance filed a joint motion, noting that the case had already been paused while the SEC’s new crypto task force worked to “develop a regulatory framework … Read more
Reform UK leader Nigel Farage promised today to pass crypto-friendly legislation and establish a bitcoin BTC reserve at the Bank of England if he comes into government. “We have put together… the Crypto Assets and Digital Finance Bill. We will campaign for this, and we will put it in place when we win in the … Read more
Leading Republicans in the House of Representatives have formally introduced their latest version of the bill to establish a regulatory structure for digital assets markets, something the industry has clamored for for years. The successor to the previous session’s Financial Innovation and Technology for the 21st Century Act (FIT21), the new bill called the Digital … Read more
Bitcoin BTC quietly slid to its weakest price in nine days on Thursday afternoon as crypto markets cooled off after a multi-week rally from the April lows. The top cryptocurrency hit a session low of $105,750 before rebounding to just above $106,000. It was down 1.5% in the last 24 hours, but still only 5% … Read more
LAS VEGAS, Nevada — The Mayor of Panama City, Mayer Mizrachi, is taking notes on bitcoin from the leader of El Salvador. Speaking at Bitcoin 2025 in Las Vegas on Thursday, Mizrachi said he’s been thinking of ways Panama’s capital city, which is home to the Panama Canal, could implement bitcoin payments. This includes potentially setting … Read more
LAS VEGAS, Nevada — You shouldn’t be a crypto libertarian that comes crying for government help when things go badly, according to Hester Peirce, the chief of the crypto task force at the U.S. Securities and Exchange Commission. “I do think that sometimes, when something bad happens in this space, people who are remarkably free … Read more
Rapper Soulja Boy will no longer perform at Stand With Crypto’s “get out the vote” event in Jersey City next week due to a court finding him liable for sexual battery and assault, a spokesperson told CoinDesk on Thursday. Soulja Boy, otherwise known as DeAndre Cortez Way, and 070 Shake, otherwise known as Danielle Balbuena, … Read more
The Bank of Russia said that financial institutions may offer crypto-linked instruments to qualified investors as the nation continues to explore crypto offerings. “Financial institutions may offer qualified investors financial derivatives, securities, and digital financial assets whose yields are linked to cryptocurrency prices,” the Bank of Russia said in a post on Wednesday. Russia has … Read more
There’s a science to issuing a token. At least that’s according to Shane Molidor, the founder of Forgd, a platform that specializes in advising crypto projects on how to launch their own native tokens. “It’s easier now to launch a token than ever, especially with pump.fun,” Molidor told CoinDesk in an interview, referring to the … Read more
GameStop (GME) shares dropped nearly another 6% on Thursday as investors continued to sell the news of the company’s disclosure of its initial bitcoin acquisitons. The company on Wednesday morning said it had acquired 4,710 bitcoin — a long-awaited move tied to its crypto treasury strategy revealed in March. At that time, the company initiated … Read more