Indian telecom giant Reliance Jio is partnering with Aptos Foundation and Aptos Labs to bring blockchain-based rewards to its more than 500 million customers. Jio, the country’s largest mobile network operator, plans to integrate Aptos’ layer-1 blockchain to distribute digital rewards through its telecom services. The move was announced by …
The U.S. Office of the Comptroller of the Currency has granted conditional national bank status to Erebor Bank, a new tech-oriented bank seeking to rise into the gap left by the collapse of several such lenders in 2023, including Silicon Valley Bank. OCC chief Jonathan Gould said the Wednesday approval …
Friday was the largest liquidation event on a nominal basis in crypto history. The scale of deleveraging is best understood by looking at open interest (OI) — the total value of outstanding futures and perpetual contracts that have not yet been settled. Glassnode’s data shows before Friday’s sell-off, bitcoin open …
Stellar’s native token, XLM, displayed notable resilience over the past 24 hours, fluctuating within a tight $0.02 range between $0.33 and $0.34. After consolidating near $0.34, the token briefly broke higher during early trading hours before easing back to $0.33 amid modest profit-taking. The movement reflects a measured correction following …
Hedera’s HBAR token saw sharp swings between $0.18 and $0.19 over a volatile 23-hour window from Oct. 14 to Oct. 15, with prices moving across a 5% range. The token climbed from $0.18 to a $0.19 peak before hitting resistance, ultimately settling near $0.19 for a modest 2% gain. Support …
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Monad Opens Airdrop Portal Ahead of Token Launch Ethereum’s Fusaka Rolls Out on Sepolia; Hoodi Testnet Up Next Monero Releases Privacy Boost Against Sneaky …
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Strategy (MSTR) bears have pierced a key bull market support, leaving bitcoin (BTC) bears trailing behind. The technical breakdown centres around the Strategy share price’s recent breach of its 50-week simple moving average (SMA). This SMA …
The stablecoin market has undergone a sharp expansion over the past year, with total supply climbing 72% to nearly $300 billion, according to data analytics platform Artemis. Much of that growth has been concentrated on Ethereum and Solana, with the recent launch of Plasma marking a milestone. More than $6 …
Crypto exchange Backpack said it is adding SEC-registered U.S. equities to its trading platform with Superstate, the blockchain finance startup led by Compound founder Robert Leshner. Announced on Wednesday, the deal embeds Superstate’s Opening Bell platform into Backpack, allowing non-U.S. users to trade tokenized shares of public companies onchain. With …
Bitcoin (BTC) mining firm Bitdeer Technologies (BTDR) jumped as much as 30% on Wednesday after announcing new steps to fast-track its expansion into high-performance computing (HPC) and artificial intelligence (AI) infrastructure. The Singapore-based company said it will directly manage development of its own AI data centers rather than rely on …
Wall Street broker Benchmark has raised its price target on NYSE-listed CompoSecure (CMPO) to $24 from $17, citing operational momentum, growing M&A optionality, and a key product upgrade from its Arculus crypto wallet unit. The stock was 2.7% higher in early trading, around $21. While investors have been awaiting a …
While the recent wave of tokenized stocks has mostly targeted offshore users, a new platform called SoloTex aims to bring equity tokens to U.S. retail traders in a compliant way. Texture Capital, a U.S.-based broker-dealer registered with the SEC and FINRA, said it has received regulatory approval to launch SoloTex, …
Volatility Shares, one of the most aggressive ETF issuers in the crypto space, has filed with U.S. regulators to launch a suite of 5x leveraged exchange-traded funds tracking bitcoin (BTC), ether (ETH), and XRP. The proposed products would amplify daily price moves by five times, meaning it can turn a …
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 3775.75, down 0.2% (-9.16) since 4 p.m. ET on Tuesday. Two of 20 assets are trading higher. Leaders: SOL (+1.2%) and XRP (+0.4%). …
A newly formed investment group made up of BlackRock, Nvidia, xAI, Microsoft and others will acquire Aligned Data Centers in a $40 billion deal, the companies said Wednesday. The move adds fuel to a growing land grab for infrastructure to support artificial intelligence development. The consortium, called the Artificial Intelligence …
Cryptocurrencies struggled to mirror bullish moves in equities and precious metals on Wednesday, with BTC posting a modest gain while trading at $112,000, the lower side of its range. Altcoins performed even worse as FET dropped by 6.2% after Ocean Protocol decided to leave the ASI Alliance and reportedly offload …
The CME Group’s new options tied to XRP (XRP) and solana (SOL) futures went live Monday, with initial trades conducted by key market participants, including Wintermute, Galaxy, Cumberland DRW and SuperState. CME’s users can now trade options on SOL, Micro SOL, XRP, and Micro XRP futures, across daily, monthly and …
Crypto’s Oct. 10 plunge looks more like a stress test than a regime change, Bitwise Chief Investment Officer Matt Hougan wrote in his Oct. 14 memo . Hougan links the sell-off to a late-Friday post from President Trump threatening 100% tariffs on Chinese goods; with equities shut, he wrote, traders …
Stablecoins are poised to reshape the global financial system, with investment banking firm William Blair calling them a “major technology upgrade” over the traditional rails that have long underpinned cross-border money movement. The Chicago, Illinois-based banking firm argued that stablecoins will not only replace legacy infrastructure for business-to-business transactions, but …
The ongoing U.S. government shutdown has deprived traders of the latest economic data releases, injecting a sense of directional uncertainty into the markets. In such situations, it’s useful to look back at how markets have reacted to previous shutdowns. Interestingly, the previous U.S. government shutdown, which lasted from late December …
Artificial intelligence and high performance computing (AI/HPC) miners continue to surge pre-market. IREN (IREN) is up 6% pre-market above $73 per share, after closing a $1 billion private offering of 0.00% convertible senior notes due 2031. The deal was oversubscribed and included a fully exercised $125 million greenshoe. The notes …
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s (BTC) bounce from late Tuesday lows near $110,000 has stalled just above $113,000 as the lack of fresh U.S. economic data leaves both crypto and forex traders in limbo. The CoinDesk 20 (CD20) Index steadied above 3,800 points, representing a …
BNB traded at $1,200 on Wednesday, down 0.5% after sliding from a new all-time high that came after a market-wide liquidation event erased roughly $500 billion from the crypto market. The token, which is the native token of the BNB Chain and can be used to pay of trading fees …
BlackRock’s Evy Hambro reframed the question of whether gold has run too far by focusing on what the metal actually buys rather than where the headline price sits. In a Bloomberg Television interview on Tuesday, the Global Head of Thematic and Sector Investing said internal comparisons show gold stretches further …
Ripple is extending its institutional custody infrastructure to Africa through a new partnership with Absa Bank, one of South Africa’s largest financial institutions. The deal makes Absa Ripple’s first major custody client on the continent and reflects growing institutional interest in tokenized assets across emerging markets. Absa will use Ripple’s …
“Just buy an ETF.” That blunt advice from Strive Asset Management CEO Matt Cole during a panel at Hong Kong’s Bitcoin Asia in August summed up the growing frustration with Digital Asset Treasuries (DAT) , the corporate vehicles that promise to outperform bitcoin (BTC) through clever financing and balance-sheet engineering …
A wallet associated with LuBian, a significant Bitcoin mining pool that was hacked in December 2020, moved BTC on Wednesday, ending three years of dormancy. The wallet labelled as “39DUz” moved 9,757 BTC, worth $1.1 billion, to two new addresses, “34kn9z…s9tef” and “bc1q4c…77s0,” respectively, according to analytics firms Peckshield and…
Federal Reserve Chairman Jerome Powell on Tuesday said that the central bank could soon reach a point where its long-running program to reduce the balance sheet size would need to end. Yet, BTC continues to trade in the red with derivatives pointing to persistent bearish sentiment. “Our long-stated plan is …
Heavy deleveraging across derivatives markets drags XRP lower before buyers defend the $2.40 zone, setting up a key support retest heading into Asia trading. News Background XRP traded sharply lower through the October 14–15 session as macro pressure and broad crypto deleveraging sent open interest down 50% to $4.22 billion. …
175-year-old French banking giant ODDO BHF, which manages over €150 billion ($173 billion) in assets, is entering the crypto space with the launch of a euro-backed stablecoin dubbed EUROD. The token is set to be listed on Madrid-based crypto platform Bit2Me, one of the largest exchanges in the Spanish-speaking world …