Ark Invest is continuing to take profit from its bet on Circle’s meteoric run as a listed firm. It also bought 4,198 shares of Coinbase, worth $1.3 million and 319,640 shares of Robinhood, worth $24.4 million. The Cathie Wood-led investment firm sold 415,855 shares of Circle across its various ETFS, valued at $109.6 million based … Read more
Ether (ETH) ETH is trading at $2,420, up 8.61% over the past 24 hours, after surging sharply in the hours following former U.S. President Donald Trump’s unexpected announcement of a ceasefire agreement between Israel and Iran, according to CoinDesk Research’s technical analysis model. The move appears to have reversed recent war-driven market anxiety, fueling renewed … Read more
A wild 72-hours of price swings continued in crypto late in the U.S. day on Monday after President Trump took to Truth Social to proclaim a “complete and total” ceasefire between Iran and Israel. “It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in … Read more
Shares of stablecoin issuer Circle (CRCL) soared to a fresh record high on Monday extending their explosive rally since its IPO and making the company worth almost as much as its flagship token’s market capitalization. Shares were up another 22% at one point Monday morning, hitting a record high just shy of $299, before giving … Read more
We may be on the verge of a revolution in monetary finance that is the century-long dream of many prominent economists. Financial innovation is laying the foundation for their dream just as the U.S. political economy is shifting to support it. This revolution, if it proceeds, has major implications for global finance, economic development, and … Read more
Cipher Mining (CIFR) has begun bitcoin BTC production at its 300-megawatt (MW) Black Pearl facility in Texas, the company announced on Monday. The launch marks a key milestone for the firm, which now operates five active bitcoin mining data centers. Phase I of the site, currently running at 150 MW, has reached an initial hashrate … Read more
President Donald Trump called for a quick House of Representatives passage of the stablecoin-oversight bill the U.S. Senate approved recently, but one of the key lawmakers in that effort suggested on Monday that there are details that still need to be worked out. Representative French Hill, the chairman of the House Financial Services Committee that’s … Read more
Aptos’ APT token started to bounce back with the wider crypto market, establishing a strong uptrend from $3.84 to $4.08, representing an 8.85% range, according to CoinDesk Research’s technical analysis model. Read more: BTC Bounces Back Above $102K After Iranian Strikes on U.S. Bases in the Gulf The model showed that a clear support zone … Read more
Texas has become the first U.S. state to create a publicly funded, stand-alone bitcoin BTC reserve after Governor Greg Abbott signed Senate Bill 21 into law over the weekend. The bill directs the state to establish a bitcoin reserve managed independently from the main treasury, joining a small but growing group of states exploring digital … Read more
Bankrupt crypto exchange FTX has said it should not have to pay a massive $1.53 billion recovery claim by Three Arrows Capital, arguing in a recent court filing that the crypto hedge fund’s “own risky [trading] strategy caused its collapse, and its own account activity — not any action by [FTX] — resulted in a significant … Read more
Bitcoin BTC is quickly responding to developments in the Middle East. After briefly sinking to $99,500, bitcoin has bounced back 2.9% in the last hour and is now trading at $102,400. The digital asset is still up 2.5% in the last 24 hours, while the CoinDesk 20 (an index of the top 20 cryptocurrencies by … Read more
U.S. Senator Adam Schiff was among the many Democrats who voted to pass the stablecoin bill last week, but as the Senate moves on to legislation establishing regulations for the wider U.S. crypto markets, Schiff has introduced another effort to ban President Donald Trump and other top government leaders from issuing or sponsoring cryptocurrencies. The … Read more
A group of hedge fund executives are planning to raise $100 million to buy Binance’s BNB token through a Nasdaq-listed shell company. Former Coral Capital Holdings partners Patrick Horsman, Joshua Kruger and Johnathan Pasch aim to transform an unnamed public firm into Build & Build Corporation. The company would then begin accumulating BNB as its … Read more
Cryptocurrencies gave up nearly all of their overnight bounce on during midday U.S. hours on Monday, with bitcoin BTC sliding back below $100,000 on news reports that Iran was preparing to attack U.S. bases in the Middle East. Other major cryptos also erased gains: Ethereum’s ether ETH fell below $2,200, while XRP XRP plunged back … Read more
HIVE Digital Technologies (HIVE) has signed an agreement to buy a 7.2-megawatt data center in Toronto, Canada, aiming to transform it into a cornerstone for artificial intelligence (AI) infrastructure through its subsidiary BUZZ HPC. The facility is expected to become BUZZ HPC’s first Tier 3 data center. It will be upgraded to support liquid cooling … Read more
BNB saw a modest gain of 2% in the past 24 hours, pushing past $627 before settling with firm support at $616.55. The move comes as the BNB Chain, the blockchain tied to BNB, saw its daily transactions nearly double to 17.6 million since mid-May, according to data from DeFiLlama. Crypto markets have been jittery … Read more
Midnight Network, a privacy-focused blockchain leveraging zero-knowledge smart contracts, published its tokenomics paper and unveiled its ‘Glacier Drop’ airdrop mechanism in advance of claims for the native NIGHT token starting next month. The project said Glacier Drop is a novel process that allocates all NIGHT tokens to users across eight major blockchain ecosystems and rolls … Read more
Decentralized trading venue GTE has raised $15 million in a Series A round led by Paradigm, according to an announcement made on X. GTE describes itself as the “world’s fastest decentralized exchange,” a label often attributed to HyperLiquid. The derivatives exchange is one of this crypto cycle’s success stories, having racked up more than $1 … Read more
Brazilian fintech firm Méliuz (CASH3), which serves over 30 million users in the country, has become Latin America’s largest publicly listed corporate holder of bitcoin BTC. The company said Monday that it acquired an additional 275.43 BTC for $28.61 million following a recent stock offering, raising its total holdings to 595.67 BTC. That stash, purchased … Read more
Trump Media and Technology Group (DJT), the parent company of the social media platform Truth Social, is planning a $400 million share buyback program. President Donald Trump’s media firm said that the repurchase would be funded separately from and not alter its bitcoin treasury strategy. The buyback will be conducted through open market transactions, and … Read more
Canaan Inc. (CAN), the Singapore-based manufacturer of bitcoin mining machines, will wind down its artificial intelligence (AI) semiconductor business to refocus on its core crypto operations. Despite the growing trend of bitcoin miners diversifying their revenue through AI-related businesses, building AI chips is likely very competitive and not cost-effective for smaller companies. Canaan said that … Read more
DeFi Development Corp. (DFDV), the Nasdaq-listed firm with a crypto treasury strategy focused on Solana SOL, is bringing its equity onto blockchain rails through crypto exchange Kraken’s upcoming tokenized stock trading venue. The company’s shares will be tokenized under the ticker DFDVx on the Solana network, joining a select group of tokenized versions of major … Read more
In recent weeks, Congress has made historic strides toward securing America’s leadership in digital asset innovation. With the passage of the GENIUS Act, we’ve taken a major step toward ensuring that this emerging sector operates under clear, consistent rules—rules that protect consumers, encourage responsible innovation and strengthen national security. But make no mistake: this is … Read more
Coinbase (COIN), the leading digital assets platform in the U.S., is well positioned to benefit from the enactment of the crypto market structure bill introduced in the House of Representatives earlier this month, broker Benchmark said in a research report Monday. Benchmark raised its Coinbase price target to $421 from $310 and reiterated its buy … Read more
Grant Cardone, the well-known real estate investor, has announced that his firm, Cardone Capital, has added 1,000 BTC to its balance sheet. “CardoneCapital adds 1,000 BTC to balance sheet becoming first ever real estate/BTC company integrated with full BTC strategy combining the two best in class assets,” said Cardone in an X post. At current … Read more
Fiserv, a Fortune 500 payments and fintech giant that processes 90 billion transactions annually, unveiled plans on Monday to launch a new digital asset platform and stablecoin, joining a roster of traditional financial firms rushing to capitalize on the stablecoin boom. The FIUSD stablecoin, planned to debut later this year, will be available to Fiserv’s … 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 2789.42, down 4.4% (-127.06) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: BTC (-1.8%) and LTC (-1.9%). Laggards: UNI (-11.4%) and ICP … Read more
Anthony Pompliano is taking his bitcoin-native financial platform ProCap BTC public through a $1 billion merger with Columbus Circle Capital Corp. I (CCCM), a special-purpose acquisition company (SPAC) sponsored by an affiliate of Cohen & Company. The transaction, announced Monday, positions the new entity, ProCap Financial, Inc., as one of the largest bitcoin treasuries ever … Read more
Veda, a decentralized finance (DeFi) infrastructure firm, said it raised $18 million in a round led by CoinFund to support its platform, which enables apps and institutions to offer simplified crypto yield products. The startup’s main product is a modular vault framework that lets developers create smart contracts to manage yield strategies without exposing users … Read more
Telecommunication company Sequans (NYSE:SQNS) has announced that it will raise $384 million to launch a bitcoin treasury, according to a press release. The company has agreed to issue and sell $195 million in equity securities and $189 million in convertible secured debentures. “Our bitcoin treasury strategy reflects our strong conviction in bitcoin as a premier … Read more