By Francisco Rodrigues (All times ET unless indicated otherwise) Crypto prices rose on Wednesday, riding the same relief wave that lifted global equities after Iran and Israel accepted a U.S.-brokered ceasefire. With the threat of an immediate oil supply crunch fading, traders moved back into risk assets. The price of bitcoin BTC rose to near … Read more
Shiba inu (SHIB) whales went bargain hunting early this week after prices dropped to a 16-month low of $0.00001005. According to CoinDesk’s AI research, whales purchased 10.4 trillion SHIB tokens, worth over $110 million, on Monday, marking the largest daily accumulation in five months. The whale action has likely contributed to the cryptocurrency’s 17% price … Read more
Aurora Mobile (JG), a Nasdaq-listed marketing technology provider, is the latest publicly traded company to plan a treasury strategy that includes cryptocurrency investments. The Shenzhen, China-based company’s board approved an initiative to convert up to 20% its cash and cash equivalents into BTC and other digital assets. The investments may include bitcoin BTC, ether ETH, … Read more
RippleX, which supports developers of the XRP Ledger, has released version 2.5.0 of “rippled,” its reference implementation of the network. The new version comes with a string of amendments that expand the network’s functionality and governance tooling. The new amendments are now open for voting according to the XRP Ledger’s amendment process, which enables protocol … Read more
Green Minerals (GEM), a Norwegian deep-sea mining firm, said Wednesday it bought four bitcoin BTC in its first purchase following Monday’s announcement of a $1.2 billion treasury strategy as it joins the ranks of companies including the largest cryptocurrency in its broader financial strategy. The company said it paid about 4.25 million Norwegian kroner ($420,000) … Read more
Metaplanet Inc (3350) and the Blockchain Group (ALTBG) both executed substantial equity capital raises as part of their initiatives to focus on bitcoin accumulation for treasury purposes. Metaplanet announced the exercise of its 20th series of stock acquisition rights under the recently announced 555 Million Plan, raising 74.9 billion yen, ($515 million) in a single … Read more
U.S. President Donald Trump’s media company is accelerating its crypto play. The New York Stock Exchange filed for a rule change on Tuesday that would enable it to list the Truth Social Bitcoin and Ethereum ETF, a dual-asset fund proposed just last week by Trump Media and Technology Group. If approved, the ETF would hold … Read more
Bitcoin BTC is back above $106,000 after dipping below five figures earlier this week, as global markets steadied on signs that a ceasefire between Israel and Iran is holding. Meanwhile, Ether ETH traded at $2,400, up 0.5% on the day, approaching resistance near $2,450. Dogecoin DOGE hovered at 16 cents after a minor 0.6% rise, … Read more
These days, the mention of blockchain-based real world assets (RWAs) conjures up traditional finance institutions, like BlackRock, presiding over billions of dollars in tokenized money market funds. But the original promise of crypto was about opening up finance opportunities to anyone. That’s the ethos Bitfinex Securities is sticking to with its latest tokenized equity issuances: … Read more
Bitcoin’s BTC put-call ratio has jumped ahead of Friday’s multi-billion-dollar options expiry on Deribit, but its traditional bearish interpretation may not tell the full story this time. The put-call open interest ratio refers to the ratio of active put contracts to active call contracts at a given time. An increase in the put-call ratio indicates … 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. After a tense weekend that saw the U.S. bomb an Iranian … Read more
Bitcoin mining firm Hut 8 (HUT) said on Tuesday that it expanded its bitcoin-backed credit facility with Coinbase Credit to $130 million, up from $65 million. The amended agreement also comes with a fixed interest rate of 9% versus the previous floating rate of between 10.5% and 11.5%. The maturity of the facility was extended … Read more
Bitcoin Cash (BCH) BCH is trading at $452.13, down 0.54% over the past 24 hours, after failing to breach the $467 resistance level across multiple tests, according to CoinDesk Research’s technical analysis model. The token briefly surged near that level late on June 23, gaining nearly 3% during a high-volume spike, but was subsequently rejected … Read more
Matter Labs, the developer firm behind the layer-2 network ZKsync, unveiled at the Permissionless conference its new cryptographic prover “Airbender” on Tuesday. A prover is a key component for layer-2s, as it generates zero-knowledge proofs that are then posted to the base layer blockchain (in this case Ethereum) — a crucial process in linking the … Read more
Interoperability platform and oracle provider Chainlink’s native token LINK demonstrated remarkable strength on Tuesday, climbing more than 13% over 24 hours to a $13.51 high. Easing tensions in the Middle East with a ceasefire between Israel and Iran already spurred a broad crypto market recovery, with 98 of the top 100 tokens posting gains and … Read more
We stream data. We stream music. We stream video. Thanks to stablecoins, we are about to start streaming the whole economy. U.S. dollar stablecoins recently hit a milestone–they represent about 1% of the U.S. money supply (based on the M2 measure). Not a big deal, you may be thinking, but in fact, it might become … Read more
Stablecoin firm Circle’s (CRCL) meteoric stock frenzy is showing some signs of cooling. After hitting a record high of $299 on Monday, shares of the stablecoin issuer declined 15% on Tuesday, extending a pullback that has left shares down roughly 25% from their peak. However, at $223, they are still trading over 600% higher than … Read more
CleanSpark (CLSK), a U.S.-based bitcoin BTC mining firm, said Tuesday that it reached 50 exahashes per second (EH/s) of operational hashrate — a milestone that makes it one of the largest mining operations in the world. The company built and operates more than 30 sites across Georgia, Mississippi, Tennessee and Wyoming. A vertically integrated setup … Read more
Filecoin (FIL) demonstrated relative strength over the last 24-hour period, surging from $2.051 to a peak of $2.3478, according to CoinDesk Research’s technical analysis model. The model showed that strong support has been established around the $2.24-$2.25 zone, confirmed by multiple tests with price bouncing higher each time. In recent trading, FIL was 13.6% higher … Read more
Litecoin shook off last week’s slump, rising 4% to an intraday high of $85.45 and then holding ground near $84. The move came on volume above its 20-day average, signaling conviction behind the breakout. An easing in global stress helped, with a supposed ceasefire between Israel and Iran. The next catalyst may be regulatory. The … Read more
Will tariffs end the golden age of bitcoin mining in America? After China banned crypto in the summer of 2021, a huge chunk of the mining industry was forced to relocate — to Kazakhstan, Russia, Canada and other countries with cheap electricity. The biggest beneficiary of this exodus, however, was the United States, which over … Read more
Avalanche’s AVAX has surged 8.2% in 24 hours, climbing from $16.29 to $18.50, establishing strong support at $18.03, but facing resistance at the $18.47-$18.50 zone, according to CoinDesk Research’s technical analysis model. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — has risen … Read more
Solana’s SOL token SOL is trading at $145.47, up 7.63% in the past 24 hours, as traders responded to a breakout surge backed by strong futures activity. The rally gained traction after a sharp bounce from $133.55 to $144.10, supported by above-average trading volumes during the 17:00 and 22:00 hours, according to CoinDesk Research’s technical … Read more
ProCap BTC, a cryptocurrency financial services firm founded by investor Anthony Pompliano, wasted no time putting new money to work. Less than 24 hours after revealing a $1 billion merger with Columbus Circle Capital Corp. (CCCM) and a separate $775 million capital raise, the firm snapped up 3,724 bitcoin BTC at a time-weighted average price … Read more
SharpLink Gaming (SBET), a publicly-listed gaming tech company with a crypto strategy focused on ether ETH, said Tuesday it increased its treasury holdings of the second-largest cryptocurrency to 188,478 ETH. The Minneapolis-based firm bought 12,207 ETH for some $30.7 million between June 16 and June 20 at an average price of $2,513 per coin, according … Read more
Nano Labs (NA), a Nasdaq-listed designer of high-throughput computing chips, has struck a private agreement to sell $500 million in convertible notes that mature in 360 days to buy Binance’s BNB BNB token for its balance sheet. The unsecured notes will carry no coupon and can be swapped at any time for the company’s Nasdaq-traded … Read more
Following a period of volatility where prices swung between $2.72 and $2.93, strong buying emerged for toncoin TON at lower levels, according to CoinDesk Research’s technical analysis model. The coin is up 3% in the last 24 hours, underperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, … Read more
Top U.S. senators have shared the outline of what they’re after in the effort to establish rules of the road for domestic crypto markets, releasing a set of principles on Tuesday as they prepare to further hash out their intentions in an afternoon hearing. The crypto industry is excited about the recent progress of stablecoin … Read more
U.S. Federal Reserve Chairman Jerome Powell offered little change in stance from his recent remarks, reiterating that the economy is in a good spot, giving the central bank the room to be patient before considering easing monetary policy. “For the time being, we are well positioned to wait to learn more about the likely course … Read more
Mastercard (MA) is doubling down on stablecoins with a series of partnerships and product expansions aimed at embedding regulated digital dollars into the everyday payments network. The payments giant said on Tuesday it will integrate several stablecoins including PayPal’s PYUSD, the Paxos-led Global Dollar (USDG) and Fiserv’s recently unveiled FIUSD into its global network, which … Read more