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
Conduit, a cross-border payments firm that uses stablecoins, has raised $36 million in a Series A round to expand its global payment rails, the company said on Wednesday. The round was led by Dragonfly and Altos Ventures, with backing from Circle Ventures and Digital Currency Group among others. Founded in 2021, the Boston-based startup offers … Read more
The cryptocurrency market continues to navigate choppy waters as global economic tensions weigh on investor sentiment. Shiba Inu has established a resistance zone around $0.00001467-$0.00001470, where high-volume selling has prevented upward movement, according to CoinDesk Research’s technical analysis data model. The formation of lower highs since recent peaks indicates increasing bearish pressure, though the token … 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 3271.42, down 0.8% (-26.09) since 4 p.m. ET on Tuesday. Eleven of 20 assets are trading higher. Leaders: UNI (+5.5%) and DOT (+1.3%).Laggards: SOL (-2.1%) and AAVE (-1.8%). The … Read more
A newly discovered Linux malware campaign is compromising unsecured Docker infrastructure worldwide, turning exposed servers into part of a decentralized cryptojacking network that mines the privacy coin Dero DERO. According to a report by cybersecurity firm Kaspersky, the attack begins by exploiting publicly exposed Docker APIs over port 2375. Once access is gained, the malware … Read more
Allan Guo, the former director of the closed down Blockchain Global, will face court proceedings in Australia over allegations that he mishandled customer funds of crypto exchange ACX, which was operated by Blockchain Global. The Australian Securities and Investments Commission (ASIC) is bringing civil penalty proceedings in the Federal court against Guo and his involvement … Read more
Instant messaging app Telegram has signed a deal with Elon Musk’s xAI to integrate the Grok AI service within the app. Telegram founder Pavel Durov, revealed on X, that the two companies agreed to a 1-year partnership that would see Telegram receive $300 million in cash and equity from xAI, in addition to 50% of … Read more
Messaging platform Telegram is raising at least $1.5 billion through a new bond offering. The firm is raising the funds through a five-year bond with a 9% yield, which has drawn interest from both returning investors such as the world’s largest asset manager BlackRock and Abu Dhabi’s sovereign wealth fund Mubadala, as well as new … Read more
The futures and options market, a proxy for big money, is increasingly backing ether ETH over bitcoin BTC in a major market shift. Bitcoin, the leading cryptocurrency by market capitalization, recently reached record highs of over $ 110,000. According to CoinDesk data, the cryptocurrency has gained over 16% this year, drawing strength from the macroeconomic … Read more
Video game retailer GameStop (GME) has purchased 4,710 bitcoin, worth nearly $513 million at the time of writing. GameStop announced the purchase on X on Wednesday but did not offer further details about when the BTC were acquired or the price paid. The Grapevine, Texas-based company revealed its plans to pursue a bitcoin treasury strategy … Read more
By James Van Straten (All times ET unless indicated otherwise) Since May 22, bitcoin (BTC) has been trading within a narrow 5% range between $106,600 and $111,700, despite a flurry of bullish developments, including the announcement that Trump Media will raise $2.5 billion through equity and bond sales to fund a bitcoin treasury strategy. This … Read more
Cardano has continued to advance its credentials as a venue for Bitcoin Defi (BTCFi), facilitating a transfer of Ordinals to its mainnet. The on-chain transaction between Bitcoin and Cardano was facilitated by BitVMX, an interoperability protocol built using the BitVM programming language. The transaction was unveiled by Input | Output (IO), the creator of the … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Ether ETH appears poised to surpass the $3,000 mark as it forms an “ascending triangle” pattern on the price chart. The ascending triangle is characterized by horizontal upper-bound resistance or supply point that repeatedly caps gains and an upward-sloping support … Read more
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR). Since the start of this month, a growing divergence has emerged between bitcoin BTC and bitcoin-HODLer Strategy (MSTR). While bitcoin has climbed approximately 13%, nearing the $110,000 mark, MSTR shares have slipped 3%, trading around $372. This performance gap has become more pronounced … Read more
The U.S. Securities and Exchange Commission (SEC) has formally initiated a review of the WisdomTree XRP Trust, a proposed spot exchange-traded fund (ETF) that would provide investors with exposure to XRP XRP. Filed by the Cboe BZX Exchange, the application marks the first formal SEC review of a U.S.-based spot XRP ETF. If approved, it … Read more
The 11 U.S.-listed spot bitcoin exchange-traded funds (ETF) have registered a net inflow of $5.77 billion this month, the highest since November, according to data source SoSoValue. Most of these bets have been bold directional plays, with interest in cash-and-carry arbitrage plays picking up recently. Such has been the investor demand that these ETFs have … Read more
Privacy-focused cryptocurrency Monero (XMR) has seen a sharp price sell-off over the past three days, with open positions in futures rising to their highest level since December. On Wednesday, the largest privacy coin by market capitalization fell to $325 on Kraken, having peaked at $420 on Monday, according to data source TradingView. The sell-off follows … Read more
Cetus Protocol, the largest decentralized exchange (DEX) on the Sui blockchain, has secured a loan from the Sui Foundation to compensate users in full following a $223 million exploit last week. These funds apply only to cover the bridged assets, and are separate from the frozen funds subject to an onchain community vote. “Using our … Read more
Bitcoin BTC held steady near $109,000 early Wednesday as traders bet on fresh highs in the coming months, with ether ETH rising over 3% after renewed confidence in Ethereum’s long-term strategy and broader institutional activity. U.S. equities surged following the Memorial Day weekend, led by a 2% gain in the Nasdaq, as investors shrugged off … Read more
Bitcoin’s BTC upward trend continued to show signs of weakness early Wednesday, even as Wall Street tech stocks surged overnight in anticipation of upbeat earnings from AI giant Nvidia (NVDA). The leading cryptocurrency by market value traded near $108,900 at press time, teasing a downside break of a trendline characterizing the uptrend from early April … 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. Ethereum surged past $2,600 in early Asia hours, up 3.7%, breaking … Read more
LAS VEGAS, Nevada — Donald Trump Jr., the eldest son of U.S. President Donald Trump, said he and his younger brother Eric Trump “orange-pilled” their father after the family and its organization experienced pervasive de-banking in the wake of Trump’s first presidential term. Speaking at Bitcoin 2025 in Las Vegas on Tuesday, Don Jr. said he … Read more
LAS VEGAS, Nevada — The U.S. Senate seems to be getting close to passing its landmark stablecoin bill, the GENIUS Act — a battle its champion Cynthia Lummis (R-Wyo.) said has been incredibly hard-fought. “It has been extremely difficult,” Lummis said during a fireside chat with Coinbase’s Chief Legal Officer Paul Grewal at Bitcoin 2025 in Las … Read more
The International Monetary Fund (IMF) stated on Tuesday that “efforts will continue” to make sure that the total amount of bitcoin BTC held by El Salvador’s government does not change. Back in March, El Salvador reached an agreement with the IMF to receive a $3.5 billion loan package. Some of the conditions of that deal … Read more
Users of Solana may now access the network through a MetaMask wallet. MetaMask announced on Tuesday that its Solana integration was live, meaning that users can now transact on the second largest smart-contract platform and interact with Solana-based applications through the wallet. “Let’s be honest. Managing wallets across MetaMask and Solana used to be a … Read more
The restructuring of leading legal and compliance roles at cryptocurrency exchange OKX continues with the departure of the firm’s global general counsel, Melissa Muehlfeld. Muehlfeld joined OKcoin, the U.S. arm of OKX, back in May of 2022 as deputy general counsel. She was promoted to global general counsel in August 2024. Since OKX paid half … Read more
Jack Dorsey’s Square has taken bitcoin BTC payments a step further at the Bitcoin 2025 conference in Las Vegas this week. For three days, the company is piloting a program where attendees can make purchases with their bitcoin by scanning a barcode. Payments are then settled in near real-time via the Lighting Network while Square … Read more
A man suspected of helping kidnap and torture an Italian cryptocurrency investor in a Manhattan townhouse has surrendered to New York City police. William Duplessie turned himself in Tuesday after what officials described as days of negotiations with authorities, the New York Times reports. He is the third suspect in an alleged plot to extract … Read more
LAS VEGAS, Nevada — Steak n’ Shake has only been accepting bitcoin payments for two weeks, but the American fast food chain’s COO Dan Edwards said it’s already been a “win” for both the company and its customers. Speaking at Bitcoin 2025 in Las Vegas on Tuesday, Edwards said that bitcoin payments have been faster and … Read more
LAS VEGAS, Nevada — Marathon Digital Holdings (MARA) CEO Fred Thiel has an idea for how U.S. President Donald Trump’s administration can make good on its promises to build out a strategic bitcoin reserve: start mining. Speaking on a panel at Bitcoin 2025 in Las Vegas on Tuesday, Thiel said that the U.S. government has many … Read more