CoinDesk

Bitcoin (BTC) and major cryptocurrencies fell over 3% as profit-taking followed Tuesday’s rally. Overall crypto market capitalization fell 3.3% in the past 24 hours, with BTC sliding to nearly $83,500 from a high above $84,200 a day earlier. Ether (ETH) and Cardano’s ADA fell as much as 5% to lead losses among majors. The cryptocurrency … Read more

Bitcoin (BTC) and other major tokens lost more than 3% as Tuesday’s rally was met with profit-taking during Asian morning hours Wednesday — in line with expectations. Overall crypto market capitalization fell 3.3% in the past 24 hours, with BTC sliding to nearly $83,500 from a high above $84,200 a day earlier. Ether (ETH) and … Read more

Payments-focused XRP’s immediate prospects look bleak, with its price chart flashing a “rising wedge” breakdown. A rising wedge comprises two converging trendlines that connect higher lows and higher highs. This convergence suggests that upward momentum is weakening. When the price moves below the lower trendline, it signals a shift to a bearish trend. XRP dived … Read more

Noble, a blockchain for issuing real-world assets (RWA) and stablecoins, announced Wednesday that it will expand its platform by introducing “AppLayer,” an Ethereum-compatible rollup that allows developers to create their own RWA applications and infrastructure. Noble’s AppLayer aims to let developers build new financial tools optimized for real-world assets like stablecoins — digital assets whose … Read more

Seychelles-based cryptocurrency exchange OKX is expanding to the U.S., establishing a new regional headquarters in San Jose, California and rolling out access to its platform and its native OKX Wallet to U.S.-based crypto traders. In a Tuesday evening announcement, newly-appointed CEO Roshan Robert said the expansion was “a commitment to responsible growth.” Robert was most … Read more

The mood in the equity and crypto market turned sour late Wednesday as Nvidia shares crashed in after-hours trading following a $5.5 billion charge tied to the Trump administration’s decision to ban the company’s H20 chip sales to China. Bitcoin, the leading cryptocurrency by market value, fell to $83,600, extending the retreat from the two-week … Read more

Healthcare technology firm Semler Scientific has reached a tentative settlement agreement with the U.S. Department of Justice (DOJ), disclosing in a Tuesday filing that it was prepared to pay a $29.75 million fine in order to settle all claims tied to potential violations of a federal anti-fraud law related to its marketing of QuantaFlo, its … Read more

Securitize, one of the largest tokenized asset issuers, said on Tuesday it has acquired MG Stover’s fund administration business, making its subsidiary Securitize Fund Services the largest digital asset fund administrator. MG Stover’s team will now operate under Securitize Fund Services (SFS), enhancing the company’s institutional-grade offerings, the company said in a press release. With … Read more

Aiming to perhaps replicated Strategy’s bitcoin (BTC) playbook, except with solana (SOL), fintech commercial real estate platform Janover (JNVR) has built a SOL stack worth roughly $21 million and seen its share price rise nearly 20-fold in less than a month. The company today purchased another 80,567 SOL tokens valued at approximately $10.5 million, bringing … Read more

Matt Cole, CEO of Strive Asset Management, fresh from persuading video retailer GameStop to convert some of its cash reserve into bitcoin (BTC), wrote to urge financial software developer Intuit (INTU) to reverse what he described as “censorship policies” and an “anti-bitcoin bias” that could jeopardize long-term shareholder value. In an open letter dated April … Read more

The competition for stablecoin dominance is entering a third phase and companies such as Tether, issuer of the largest token, and Circle, the No. 2, are setting up their positions as the industry faces increased regulation in the form of the European Union’s Markets in Crypto Assets (MiCA) regime and U.S. legislation that is working … Read more

Value Creation (9238), a Tokyo-listed logistics and tech firm, expects to add 100 million yen ($700,000) worth of bitcoin (BTC) to its balance sheet over the next four months, according to a statement. This firm had previously purchased about 200 million yen ($1.4 million) worth of bitcoin. The funds come from surplus capital earmarked for … Read more

Cryptocurrency exchange Binance has been criticized this week for including privacy token Zcash (ZEC) among those cryptos up for a vote to be delisted from the exchange. Zcash, which has a $500 million market cap, appeared on the ballot alongside FTX’s FTT token and data security platform JASMY. Zcash founder Zooko Wilcox tagged Binance CEO … Read more

Shares of Applied Digital (APLD), a Texas bitcoin mining and data center firm, dropped sharply on Tuesday after the digital infrastructure provider reported quarterly results that fell short of Wall Street expectations. The company, which has pivoted from its crypto mining roots to focus on high-performance computing (HPC) and AI-focused data centers, reported revenue of … Read more

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR). From April 2024 to April 2025, investors in Strategy (MSTR) and the YieldMax MSTR Option Income Strategy ETF (MSTY) followed two distinctly different investment paths — one seeking capital appreciation through bitcoin (BTC) exposure, the other pursuing monthly income via options-based strategies. Both … Read more

While U.S. issuers are still waiting for the approval of a spot Solana (SOL) exchange-traded fund (ETF), Canadian investors will be able to trade such funds on the Toronto Stock Exchange starting Wednesday. Four asset managers are set to bring their product to the market, including Purpose, Evolve, CI and 3iQ, all of which will … Read more

The Guiding and Establishing National Innovation for U.S. Stablecoins (Genius) Act is expected to be passed in the U.S. in the coming months, and that could trigger an almost 10-fold jump in stablecoin supply, investment bank Standard Chartered said in a research report Tuesday. U.S. legislation “would further legitimise the stablecoin industry,” analysts led by … Read more

An admin wallet for layer-2 blockchain ZKsync was compromised on Tuesday with the hacker taking off with $5 million worth of ZK tokens. The stolen funds were the “remaining unclaimed tokens from the ZKsync airdrop,” ZKsync wrote on Twitter, before saying that “necessary security measures are being taken.” The protocol’s ZK token has dropped almost … Read more

The Department of Justice recently issued new guidance directing prosecutors to scale back their efforts to investigate and litigate cryptocurrency crimes. This subsequently disbands the government’s National Cryptocurrency Enforcement Team (NCET) in an effort to prioritize immigration and procurement issues over cryptocurrency enforcement. While the DOJ frames this as a move to streamline resources, threat … Read more

Decentralized finance (DeFi) protocol Ethena has agreed to wind down its operations in Germany. The decision comes three weeks after BaFin, Germany’s finance regulator, identified “serious deficiencies” in Ethena’s USDe token and said that the company was offering securities in Germany without approval. “We have agreed with BaFin to wind down all activities of Ethena … Read more

Bitcoin miner CleanSpark (CLSK) is moving away from its strategy of HODLing 100% of the BTC it mines. The Henderson, Nevada-based company said it is returning to selling a portion of the bitcoin mined to support its operations in an announcement on Tuesday. “While we remain committed to bitcoin as a long-term, hardened asset, we … Read more

Marc Boiron, CEO of Polygon Labs, speaks with a practiced clarity that reflects his background as a lawyer. Over the course of our conversation, he outlines Polygon’s strategy to position itself as the connective tissue in an increasingly crowded blockchain ecosystem. As competition intensifies and market conditions fluctuate, Polygon is betting on a new product … Read more

Tokens associated with artificial intelligence (AI) fared worse than the biggest cryptocurrencies over the past 24 hours. The relative weakness comes amid unusual activity in put options tied to shares of Nvidia (NVDA), the chipmaker that on Monday said it will will start building its AI supercomputers in the U.S. While bitcoin (BTC), the largest … 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 2503.6, up 0.1% (+3.51) since 4 p.m. ET on Monday. Eight of 20 assets are trading higher. Leaders: BCH (+1.0%) and BTC (+0.7%). Laggards: APT (-3.5%) and NEAR (-3.0%). … Read more

Zero Hash, a crypto infrastructure firm specializing in stablecoin payment rails, said it has processed over $2 billion in tokenized fund flows over the past four months as demand for real-world assets is accelerating. Tokenized real-world assets is a red-hot crypto sector, with several global traditional financial firms leveraging blockchain rails to record ownership and … Read more

Optimum, a decentralized, performance-enhancing memory layer for any blockchain, raised an $11 million seed round, inviting its creators from institutions like Harvard and MIT to jump from the world of academia into the commercial crypto arena. The seed round was led by 1kx with participation from Robot Ventures, Finality Capital, Spartan, CMT Digital, SNZ, Triton … Read more

XRP and solana (SOL) are top candidates for a spot ETF approval in the U.S., driven by their high liquidity, with the Ripple-related token edging out among others for what could go live on the market earlier, Kaiko analysts shared in a Monday report. Data from Kaiko Indices shows XRP and SOL boast the deepest … Read more

The crypto lending market is still a shadow of its former size preceding the brutal 2022-2023 crypto winter, but beneath the surface, signs of recovery are emerging, especially in the decentralized corner of the space, digital asset investment firm Galaxy Research said in a report on Monday. The total crypto lending market stood at $36.5 … Read more

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. For the past 12 weeks, gold (XAU) has outperformed bitcoin (BTC) in a race to draw bids, but this trend may be on the verge of reversing, according to technical charts. This year, gold has surged 22% because of haven … Read more

By James Van Straten (All times ET unless indicated otherwise) Bitcoin (BTC) continues to defy global economic uncertainty, inching closer to reclaiming $86,000. It is now less than 3% away from its “Liberation Day” high. To put the move into perspective, bitcoin dominance — which measures BTC’s share of the total cryptocurrency market cap — … Read more