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 …
Coinbase has agreed to invest in CoinDCX, one of India’s largest crypto exchanges, in a transaction that remains subject to regulatory approvals and other customary closing conditions, according to statements published Wednesday by Coinbase Chief Business Officer Shan Aggarwal and CoinDCX co-founder and CEO Sumit Gupta. Aggarwal framed the move …
Over-the-counter (OTC) desks played a crucial role in stabilizing trading during the recent crypto market crash by acting as shock absorbers that contained volatility and limited broader systemic risks, according to a note from Finery Markets, a leading crypto ECN and trading SaaS provider ranked among the top 30 digital …
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. Crypto’s largest-ever leverage wipeout has left …
Crypto markets posted big declines on Tuesday, but signs of relief from the Federal Reserve helped prices bounce off their worst levels. A late day Truth Social post from President Trump reminded bulls that he has the power to reverse rising asset prices at any time. Bitcoin (BTC) traded as …
The wind-down of defunct crypto lender Celsius coughed up almost $300 million from Tether , according to a Tuesday statement from an entity set up by GXD Labs and VanEck, the Blockchain Recovery Investment Consortium. GXD Labs , a subsidiary of Atlas Grove Partners, and asset manager VanEck established BRIC …
The license, if granted, would help the stablecoin infrastructure firm to “tokenize trillions of dollars,” co-founder Zach Abrams said.
As the Justice Department pursues Prince Group’s leader, the Treasury Department sanctioned the company while also severing Huione from the U.S. finance.
Ark Invest has reportedly taken a 11.5% Solmate (SLMT) stake while the company said it bought $50 million discounted SOL from Solana Foundation.
Trading volume has surged, reflecting increased volatility, and technical analysis suggests bearish signals that could extend the recent downturn
Speaking on her bank’s earnings call, Citi CEO Jane Fraser said tokenized deposits offer faster, safer infrastructure and fewer AML and compliance burdens for the next era of digital finance.
Stellar faces brutal selling pressure while institutional buyers emerge at oversold levels amid broader crypto market turmoil.
The investment bank initiated coverage of Circle with an “Outperform” rating.
Cryptocurrency experiences dramatic reversal on heavy volume to confirm bearish momentum.
After the crypto market’s $500 billion value destruction, BNB stood out as an outperformer with a swift recovery to a new all-time high above $1,350. That period appears to be over, as it plunged nearly 6.5% in the last 24 hours. In comparison, bitcoin is down 1.9% in the same period, while the broader crypto … Read more
Stablecoins are rapidly moving from niche products to core payment infrastructure, according to asset management giant DWS. With a combined market cap above $250 billion and transaction volumes outpacing Visa (V) and Mastercard (MA), they’ve become liquid, globally traded assets favored by institutions, DWS said in the report last week. Euro stablecoins are setting new … Read more
BlackRock (BLK), the asset management giant overseeing more than $13 trillion of assets, is ramping up efforts to bring traditional finance (TradiFi) onchain, seeking a bigger role in tokenization as a way to unlock access to markets and streamline how assets are traded. Teams across the firm are exploring how to use tokenization to make … Read more
Monad is gearing up for one of the most anticipated token launches of the year. The Layer-1 blockchain project has opened its MON airdrop portal, inviting eligible users to check their status ahead of the official token distribution. While the airdrop itself hasn’t gone live yet, the Monad Foundation said that users can now verify … 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 3683.7, down 6.2% (-241.91) since 4 p.m. ET on Monday. None of the 20 assets are trading higher. Leaders: BTC (-3.9%) and BCH (-5.6%) lead. Laggards: NEAR (-9.9%) and … Read more
Looking at USDT and USDC’s market capitalization today, you may be fooled into thinking they are unchallengeable. With Tether and Circle controlling over 80% of global stablecoin value by market cap as of October 2025, most other crypto-native challengers have yet to put up a convincing fight, despite the fact many offer compelling value propositions … Read more
Hot-handed bitcoin miner turned AI infrastructure play IREN (IREN) continues to have major upside, according to Wall Street brokerage Cantor Fitzgerald. “Over the past several months, IREN has heavily leaned into its AI Cloud Services segment,” wrote analyst Brett Knoblauch. “This is a business that we believe will ultimately closely resemble that of CoreWeave (CRWV).” … Read more
Bitcoin is trading at $111,000 on Tuesday as it clings on to the critical level $110,000 level of support. The world’s largest cryptocurrency has struggled to to recover from a weekend sell-off that saw it tumble from $121,000 to $110,000, wiping out $500 billion in terms of overal crypto market cap. Altcoins have performed even … Read more
Led by Elon Musk, Tesla famously purchased $1.5 billion worth of bitcoin (BTC) in early 2021 and announced plans to accept BTC as payment for its products. Within months though, Musk — proclaiming himself worried about the massive amounts of energy required to secure the bitcoin network — said Tesla would no longer accept bitcoin … Read more
Wall Street broker Bernstein said Circle (CRCL) could take a revenue hit if U.S. rates fall sharply, but strong stablecoin demand and operating leverage may help soften the blow. Every 25 basis point drop in rates would trim 2027 revenue by about 9% and EBITDA by 11%, with rates below 2% implying $668 million in … Read more
S&P Global Ratings is bringing its stablecoin stability assessments directly to blockchains through a partnership with decentralized oracle network Chainlink. The integration allows decentralized finance protocols, smart contracts and financial platforms to access S&P’s risk evaluations of stablecoins in real time., according to a press release shared with CoinDesk. The assessments score stablecoins from 1 … Read more
A wave of leveraged long liquidations has exposed bitcoin’s (BTC) equity sensitivity, according to Wall Street bank Citigroup. The bank said worsening U.S.-China trade tensions triggered a sharp futures selloff on Friday that spilled into crypto, underscoring its volatility and correlation with equities. Both crypto and stock markets have since clawed back some losses, the … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) The crypto market staged a fragile recovery after a violent flash crash on Friday erased more than $500 billion in value and forced nearly $20 billion in liquidations across derivatives platforms. Bitcoin fell as much as 13% in an hour, bottoming near $102,000 before rebounding to … Read more
WisdomTree has launched a physically backed exchange-traded product tied to stellar lumens (XLM) across several European venues, setting the management expense ratio at 0.50%, according to a press release the asset manager shared with CoinDesk on Tuesday. Called the WisdomTree Physical Stellar Lumens ETP, the product provides exposure to the spot price of lumens through … Read more
Metaplanet (3350) is now trading below a 1.0x multiple to net asset value (mNAV) for the first time since launching its bitcoin treasury strategy back in 2024. mNAV can be defined as a metric that measures the market capitalization of a company relative to the value of the crypto assets it holds on its balance … Read more