Bitcoin BTC has mostly traded sideways since printing record highs above $110,000 last week. The loss of upward momentum is now accompanied by signs waning bullish sentiment among market participants trading options tied to BlackRock’s spot bitcoin exchange-traded fund (ETF). That’s evident from the one-year put-call skew, which reflects how the market prices in volatility … Read more
Crypto exchange Bybit has been granted a license in Austria in compliance with Europe’s framework for dealing in digital assets, the Markets in Crypto Assets (MiCA) regime, according to the website of the local regulator FMA. Europe’s new MiCA rules came into force at the start of this year, prompting firms to select the most … Read more
U.S. Treasury yields are climbing swiftly, with the 30-year yield rising back above 5% and the 10-year jumping to 4.50% after the U.S. Court of International Trade ruled President Donald Trump’s key tariff measures illegal. The court said Congress had exclusive authority to regulate trade with other countries, and the president exceeded his authority by … Read more
Bitcoin BTC is currently consolidating between $107,000 and $109,000, remaining just a few percentage points shy of its all-time high. While this tight range may appear stable on the surface, on-chain data suggests a shift in sentiment among some of the market’s most influential participants, the large holders known as whales. Glassnode’s Accumulation Trend Score, … Read more
The CME’s recently launched XRP XRP futures underscore the cryptocurrency’s international appeal, with nearly half of its trading volume occurring outside U.S. trading hours. The regulated XRP futures – standard and micro-sized contracts – began trading on the global derivatives giant a week ago, registering a total trading volume of 4,032, worth $86.6 million in … Read more
Solana’s SOL SOL got a double dose of institutional adoption this week as two publicly traded firms revealed major initiatives centered on the blockchain’s ecosystem — one targeting liquid staking, the other aiming to raise up to $1 billion for direct investment. Canada-listed Sol Strategies filed a preliminary base shelf prospectus on Tuesday to offer … Read more
Ether ETH led major tokens with a modest gain, jumping above $2,700 early Thursday as broader crypto markets remained range-bound despite a flurry of macro and corporate headlines. Ether-based spot ETFs recorded net inflows, reinforcing institutional appetite for the asset even as bitcoin BTC flows slowed, traders said. XRP’s price remained largely unchanged after Nasdaq-listed … Read more
Bitcoin BTC options worth billions of dollars are set to expire this Friday at 08:00 UTC on Deribit, making the $95,000 to $105,000 range a critical zone for potential volatility and directional cues. At press time, a total of 93,131 bitcoin monthly options contracts, worth over $10 billion, were due for settlement, with 53% being … 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. Telegram’s blockbuster deal with xAI, which would see Elon Musk’s AI … Read more
LAS VEGAS, Nevada — The government of Pakistan has plans to establish a strategic bitcoin BTC reserve and support bitcoin mining, the country’s Minister of State for Blockchain and Crypto Bilal Bin Saqib announced at Bitcoin 2025 in Las Vegas on Wednesday. Bin Saqib said that Pakistan’s plans for a strategic bitcoin reserve were inspired by … Read more
A deal that would bring xAI’s Grok to Telegram has apparently not been signed, despite prior reporting, putting sell pressure on TON’s recent rally. “No deal has been signed,” Musk posted late Wednesday in response to the Telegram founder’s announcement. TON, a token associated with Telegram, dropped from $3.60 to $3.40 in the moments after … Read more
Shares of Nvidia (NVDA) rose roughly 4% in post-trading hours after reporting better-than-expected earnings and revenue on Wednesday. The AI powerhouse posted a 69% increase in revenue in the first quarter, compared to a year ago, with its data center business growing 73% year-over-year. Net income came in at $18.8 billion, up 26% from a … Read more
The U.K.’s Financial Conduct Authority (FCA) is seeking additional views on its upcoming stablecoins regime, it said on Wednesday. “In support of the opportunities stablecoins present to financial services and the broader economy, the FCA will explore adding a specific focus on stablecoins to its innovation services in the coming months,” the FCA’s statement said. … Read more
Cryptocurrency hardware wallet firm Ledger has launched its Crypto Life (CL) Visa card in the U.S., offering users 1% cashback in bitcoin (BTC) or USDC on purchases and the ability to directly deposit paychecks into the on-chain card account via bank transfer. Ledger’s CL Visa card is facilitated by fiat-to-on-chain card enabler Baanx, which also … Read more
VivoPower International (VVPR), a Nasdaq-listed energy company, said on Wednesday it has secured $121 million in a private share placement to fund its pivot to digital asset treasury focusing on XRP XRP, the fourth largest cryptocurrency by market capitalization. The raise was led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, investing $100 million, … Read more
LAS VEGAS, Nevada — Eric Adams, the mayor of New York City, called for the end of the BitLicense in a speech at Bitcoin 2025 in Las Vegas on Wednesday. During his speech, Adams encouraged crypto businesses to return to the U.S. and set up shop in New York, echoing comments he made last week … Read more
LAS VEGAS, Nevada — Establishing a clear and pro-innovation regulatory framework for the crypto industry via a market structure bill is a priority for U.S. President Donald Trump’s administration, Vice President J.D. Vance said Wednesday. Speaking to a massive crowd at Bitcoin 2025 in Las Vegas, Vance said that a regulatory framework is necessary to fully … Read more
BlackRock Inc. is considering acquiring roughly 10% of the shares offered in Circle’s upcoming initial public offering (IPO), Bloomberg reported Wednesday, citing people familiar with the matter. The IPO filing, made public on Tuesday, lays out plans to offer 24 million Class A shares — 9.6 million from Circle and 14.4 million from existing stakeholders. … Read more
Ngo Thi Theu, a 30-year old Vietnamese woman allegedly involved in a cryptocurrency scam that deceived 2,600 victims and resulted in losses totalling $300 million, has been arrested in Thailand, Asia News Network reported on Tuesday. Law enforcement agencies had put out an Interpol red notice to track the Vietnamese woman down. She was arrested … 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: The Solana Network Is Now Live on MetaMask Privacy Crypto Dero Targeted With New Self-Spreading Malware FIFA Teams Up With Avalanche to Build Its Own … Read more
The crypto industry is on the precipice of mainstream adoption. But, like many exciting innovations from previous eras, this technology brings new risks. And these new risks must be mitigated before crypto can achieve its full potential. During the Industrial Revolution, steam power drove immense progress but carried deadly risks. Steam boilers exploded with alarming … Read more
DePIN: decentralized physical infrastructure networks While DePIN projects, in theory, attempt to provide real utility to crypto, there are few that truly solve real-life problems, have a sensible business model capable of disrupting existing companies and cannot be easily spoofed. Most are simply solutions in search of a problem. One notable exception is a flight-tracking … Read more
The U.S. Department of Labor is reversing its earlier caution about including crypto investments in people’s retirement savings, arguing that issuing warnings about the hazards of digital assets failed to maintain appropriate neutrality about what the agency tells investment officials. The new compliance directive issued on Wednesday clarified that the department has no business singling … Read more
Blockchain venture studio Thesis, which is backed by Pantera Capital and Hack VC, has debuted its Bitcoin layer-2 network Mezo’s mainnet. Mezo is built to be Bitcoin finance platform that enables its users to unlock practical utility in BTC and thus become their own bank, according to an emailed announcement shared with CoinDesk. The project … Read more
Wednesday morning U.S. hours saw a modest acceleration in crypto’s pullback from the recent big move higher, with bitcoin BTC stumbling nearly 2% to just above the $107,000 level. Altcoins fared worse, with XRP XRP, solana SOL and dogecoin DOGE among those sporting declines in the 3%-5% range. Among crypto-related stocks, the bitcoin miners were … Read more
Katana, a new decentralized finance (DeFi)-focused blockchain incubated by industry heavyweights Polygon and GSR, shared on Wednesday that its private mainnet has gone live. The new layer-2 blockchain will unify “all liquidity in a set of protocols and collect yield from all potential sources,” the team shared in a press release sent to CoinDesk. Katana’s … Read more
Bergen County, New Jersey is turning to the Avalanche AVAX network to put its entire property record system on blockchain, claiming to be the largest property deed tokenization project in the U.S. Under a five-year agreement with land record blockchain firm Balcony, the well-to-do county across the Hudson River from New York city will migrate … Read more
Trading platform eToro (ETOR) has expanded its crypto offerings in the U.S., adding 12 new digital assets including Dogecoin DOGE, Cardano ADA and XRP XRP, the company said Wednesday. The additions bring the total number of cryptocurrencies available to U.S. users to 15. The new tokens also include Aave AAVE, Chainlink LINK, Compound COMP, Ethereum … Read more
Decentralized finance (DeFi) platform Cork Protocol has suffered a smart contract exploit, with hackers reportedly stealing $12 million worth of wrapped staked ether (wstETH). Blockchain security monitor Cyvers noticed the exploit, stating that the malicious contract was deployed by a wallet likely funded by a service provider. It added that $12 million worth of wstETH … Read more
TON’s remarkable price action featured extraordinary trading volume – approximately 10x the period’s average during peak hours, with strong support forming at $2.97-$2.98 and new resistance established at $3.27. The most dramatic movement occurred in a two-minute window when TON skyrocketed from $3.18 to $3.29, accompanied by volume exceeding 2.1M in a single minute, demonstrating … Read more