By Francisco Rodrigues (All times ET unless indicated otherwise) Traders are waking up to discover the crypto rally still has legs. Bitcoin (BTC) is up 2% over the past 24 hours to $119,000 after U.S. consumer-price data stirred talk that tariffs are feeding inflation. Even though the dollar strengthened after the Tuesday report, demand pushed … Read more
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Re-test of record highs likely Bitcoin’s (BTC) hourly chart shows that prices have risen out of the descending channel, forming a higher low at around $117,000 early today. Additionally, prices have crossed above the … Read more
A new Bitcoin draft proposal wants to do what’s long been unthinkable: Freeze coins secured by legacy cryptography — including those in Satoshi Nakamoto’s wallets — before quantum computers can crack them. That’s according to a new draft proposal co-authored by Jameson Lopp and other crypto security researchers, which introduces a phased soft fork that … Read more
Eclipse, the layer 2 that combines technology from the Ethereum and Solana blockchains has gone live with an airdorp of its $ES token. The team behind the network shared that the initial distribution will occur over the next 30 days. According to a press release shared with CoinDesk, a total of 1 billion $ES tokens … Read more
Ripple has expanded its institutional custody services into the Middle East, partnering with UAE-based tokenization platform Ctrl Alt to support Dubai’s government-led real estate digitization initiative. The deal, announced on Tuesday, will see Ctrl Alt use Ripple’s custody infrastructure to store tokenized property title deeds issued by the Dubai Land Department (DLD) on the XRP … Read more
Disclaimer: The analyst who wrote this article owns shares in Strategy. Strategy’s (MSTR) aggressive bitcoin BTC acquisition strategy has dramatically boosted the value of its convertible debt. With bitcoin steady near its record price and the company’s shares rebounding toward $450, five of the six bonds outstanding are deep in the money, meaning the stock … Read more
Crypto exchange BigONE has confirmed a $27 million breach stemming from a hot wallet exploit on July 16 and states that all user funds will be fully reimbursed. In an official statement, the exchange said it detected “abnormal movements” tied to a third-party attack and has since identified and contained the vector. All private keys … Read more
Bitlayer’s BitVM Bridge launched its mainnet on Wednesday, enabling bitcoin (BTC) liquidity for decentralized finance through a trust-minimized framework. The bridge keeps users’ BTC safe by locking it in the BitVM smart contract that operates under the assumption that at least one honest market participant exists, ready to expose malicious attempts to move funds. This … Read more
The CME’s nascent XRP futures market is growing fast as sophisticated investors gravitate to the payments-focused cryptocurrency. Together, the standard and micro futures registered a total trading volume of $235 million on Friday, the highest on record. The tally takes the cumulative trading since inception on May 19 to $1.6 billion, according to data source … Read more
Ethereum’s native token ether (ETH), is gaining ground against bitcoin (BTC), as the impending GENUIS Act is likely to ban yield-bearing stablecoins that promise interest-like returns, according to Markus Thielen, founder of 10x Research. The Binance-listed ether-bitcoin ratio, representing ether’s BTC-denominated price, rose over 5.96% to 0.02670 on Tuesday, registering its best performance since May … Read more
The U.S. is on the verge of passing landmark crypto legislation, and if it succeeds, the impact could be profound, not only by unlocking growth, but by significantly reducing risk, asset manager Bitwise said in a report on Monday. The growth story is straightforward according to Bitwise. Regulatory clarity would empower major financial institutions, such … Read more
Mary-Catherine Lader, President and COO of Uniswap Labs, has stepped down after four years leading the development company behind one of the most prominent decentralized exchanges (DEX). A former BlackRock executive, Lader joined Uniswap in 2021 to help bridge traditional finance and decentralized protocols. During her tenure, Uniswap Labs expanded the protocol’s reach across multiple … Read more
What to know: DOGE rose 5.05% from $0.190 to $0.200 between July 15 05:00 and July 16 04:00, trading in a $0.011 range with 5.48% volatility. Volume spiked to 464.28 million during the 23:00–00:00 window, crushing the 24-hour average of 287.95 million. Breakouts occurred at 12:00 and again in the evening session, lifting DOGE past … Read more
What to know: XRP traded in a narrow 4.08% range between $2.82 and $2.93 from July 15 04:00 to July 16 03:00, closing at $2.89 for a 1.8% daily gain. Corporate breakout attempts above $2.92–$2.93 failed four times (12:00, 13:00, 17:00, 18:00) as coordinated institutional selling emerged. Market makers and treasury desks provided strong support … Read more
Bitcoin (BTC) hovered near $118,000 during the Asian trading hours on Wednesday, consolidating gains after June’s U.S. CPI data signaled further disinflation, pushing traders to reprice odds of a September Fed rate cut. Core CPI rose just 0.1% month-over-month for the fifth straight time, fanning bullish sentiment across crypto markets despite broader equity weakness. “The … Read more
A Florida Congresswoman’s post on X has moved the market for bettors looking to speculate on the firing of Federal Reserve chair Jerome Powell. Anna Paulina Luna (R- Florida) claimed on the social media site that Powell’s firing was ‘imminent’, but provided no further details, moving the ‘yes’ side of a related contract on Polymarket … Read more
The governor of the Bank of England, Andrew Bailey, wrote a letter to the G20 yesterday stating that the Financial Stability Board (FSB) — the forum’s financial overseer, which Bailey was appointed to head in April — is assessing the role of stablecoins in payments and settlements as a top priority. To the point: an … 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. As East Asia begins its business day, bitcoin is down 1.8%, … Read more
The Senate Agriculture Committee leapt into Congress’ negotiation over crypto’s market structure legislation with a hearing on Tuesday, and its ranking Democrat, Senator Amy Klobuchar, outlined the significant changes she’d like to see before she’d embrace the effort to set up digital assets regulations. As the House potentially nears passage of its own market structure … Read more
NEW YORK — There is at least one fact that both the defense and the prosecution agree in the ongoing criminal money laundering trial of software developer Roman Storm: the product he helped to create and run — a once-popular crypto privacy tool called Tornado Cash — was exploited by hackers and cyber criminals to launder their … Read more
Snail Games (SNAL), a publicly-traded video game studio, said on Tuesday that it is mulling the development of its own U.S. dollar stablecoin. The company is evaluating the technical, legal, and financial hurdles to issuing a proprietary stablecoin, according to a press release. To support the effort, Snail retained George Cao, founder of the crypto … Read more
Brandon Lutnick, chairman of Wall Street investment bank Cantor Fitzgerald, is in late-stage talks with early bitcoin proponent and Blockstream CEO Adam Back for a bitcoin treasury deal that could be worth over $3 billion, the Financial Times reported on Wednesday. According to the report, Lutnick’s blank cheque company Cantor Equity Partners 1 would acquire … Read more
As it sped into Crypto Week on Tuesday, the U.S. House’s process toward passing digital assets bills ground to a sudden halt over a procedural vote as members of the House Freedom Caucus objected to the way some of the legislation has developed under Senate dominance. The misfire on the procedural vote quickly slammed the … Read more
Jamie Dimon, CEO of global banking giant JPMorgan (JPM), said the bank plans to get more involved in stablecoins, even as he questioned their practical utility compared to traditional payments. “We’re going to be involved in both JPMorgan Depositcoin and stablecoins to understand it, to be good at it,” Dimon said during the bank’s Tuesday … Read more
On Tuesday, Citigroup (C) had its second quarter of 2025 earnings call. During the call, Ebrahim Poonawala, Head of North American Banks Research at BofA Securities, asked how Citi is using stablecoins internally for treasury and global liquidity management and whether their adoption could disrupt the bank’s service revenues. Citi CEO Jane Fraser said the … Read more
Crypto industry insiders so far expect the long-awaited House of Representatives bill to set up rules for U.S. crypto markets will garner at least 30 Democrat voters when it reaches time for a vote as soon as Wednesday afternoon, alongside the 220-member majority of Republicans in the chamber. Even as much of the sector prepares … Read more
For more than a decade, the crypto industry has championed decentralization, transparency, and self-sovereignty. These principles are noble—and in many ways, essential. But, if we’re honest, they haven’t yet translated into broad, mainstream adoption. The dream of billions of people using blockchain every day is still largely that—a dream. To make it reality, we need … Read more
NEW YORK — A 12-person jury has been seated for Tornado Cash developer Roman Storm’s criminal trial, and opening arguments are set to begin later this afternoon in the Thurgood Marshall courthouse in lower Manhattan. Seven women and five men with a diverse range of backgrounds and ages will decide whether the U.S. Department of … Read more
Congress may pass the most consequential crypto law of the decade this week while drawing a bright red line through one of DeFi’s murkiest gray areas: yield-bearing stablecoins. At first glance, the GENIUS Act appears to be a straightforward regulatory win. It will finally grant over $120 billion in fiat-backed stablecoins a legal runway, establishing … Read more
The U.K. government on Tuesday said it intends to enable the wholesale market to identify the best distributed ledger technology (DLT) use cases as well as roll out tokenization solutions. The country wants DLT – the blockchain technology that underpins crypto – to be utilized across different sectors in wholesale financial markets and create cross … Read more