CoinDesk

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

U.S. spot bitcoin exchange-traded funds (ETFs) recorded their largest combined daily outflow since Sept. 26 on Monday, with $326.4 million exiting the market, according to Farside data. However, BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot bitcoin ETF by assets on the market, bucked the broader trend by continuing to see inflows. Over the past … Read more

Ethereum developers launched the second test of the upcoming Fusaka upgrade early Tuesday morning on the Sepolia network, marking another step toward the upgrade’s mainnet debut. The test follows a successful rollout on the Holesky testnet two weeks ago. Developers plan one final rehearsal on the Hoodi network on Oct. 28, after which they’ll set … Read more

Bitcoin fell below $112,000 during trading Tuesday afternoon Hong Kong time as China’s retaliatory trade measures sent a fresh wave of risk-off sentiment across global markets. Bloomberg reported earlier Tuesday that China sanctioned U.S. units of South Korean shipbuilder Hanwha Ocean in a move that reignited fears that the trade conflict with Washington could spiral, … Read more

Societe Generale-FORGE (SG-FORGE), and Austria-based cryptocurrency exchange Bitpanda, are deepening their partnership to bring regulated stablecoins into the decentralized finance (DeFi) space. Bitpanda will now offer the bank’s EUR CoinVertible (EURCV) and USD CoinVertible (USDCV) directly to retail users across Europe through its platform and DeFi wallet. The move makes Bitpanda the first retail broker … Read more

Bitcoin and ether traders remain in wait-and-watch mode after last week’s tariff shock wiped nearly $20 billion in leveraged positions over the weekend, denting confidence and risk-on sentiment among a majority of market participants. The market’s mood has since shifted from panic to fragile optimism as both Washington and Beijing toned down their rhetoric, offering … Read more

Aggressive selling near $2.66 resistance and a major Binance inflow signal short-term distribution while volume data show institutional dip-buying defending $2.55. News Background XRP’s rebound from Friday’s sub-$1.58 liquidation lows lost steam overnight as fresh whale activity hit exchanges. A single 23.9 M XRP transfer (≈ $63 M) to Binance coincided with selling pressure that … Read more

Dogecoin traded volatile through the October 13–14 session, slipping 1% after failing to sustain a breakout above $0.22. The token found strong demand near $0.20 as institutional flows persisted, even as broader markets reacted to shifting trade rhetoric and renewed regulatory scrutiny following House of Doge’s Nasdaq debut. News Background Markets steadied after the Trump … 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. China Renaissance’s reported plan to raise $600 million for a BNB-focused … Read more

Crypto mining stocks tied to the red-hot artificial intelligence (AI) data center trade were the fastest horses on Monday to recover from Friday’s market rout. Bitfarms (BITF) and Cipher Mining (CIFR) surged 26% and 20% respectively on Monday, while Bitdeer (BTDR), IREN (IREN) and MARA Holdings (MARA) advanced around 10%. The rally reflects optimism that … Read more

Citi (C) plans to offer crypto custody services in 2026, enabling the bank to hold native digital assets like bitcoin and ether on behalf of clients, according to a report by CNBC. The move marks another step by the Wall Street bank into the digital asset space. Biswarup Chatterjee, Citi’s global head of partnerships and … Read more

Market Recovery: XLM Leads with 6% Daily Gain Stellar’s XLM surged 6% over the past 24 hours, closing at $0.35 after weathering bouts of volatility. The asset traded within a $0.02 range between $0.33 and $0.35, briefly dipping to $0.34 before buyers regained control. The recovery underscores growing bullish sentiment across major crypto assets following … Read more

Strategy (MSTR), the world’s largest corporate owner of bitcoin (BTC), appeared to miss out on capitalizing on last week’s market rout to purchase the dip in prices. According to Monday’s press release, the firm bought 220 BTC at an average price of $123,561. The company used the proceeds of selling its various preferred stocks (STRF, … Read more

HBAR (Hedera Hashgraph) experienced pronounced volatility in the final hour of trading on Oct. 13, soaring from $0.187 to a peak of $0.191—a 2.14% intraday gain—before consolidating around $0.190. The move was driven by a dramatic surge in trading activity, with a standout 15.65 million tokens exchanged at 13:31, signaling strong institutional participation. This decisive … Read more

The crypto market staged a recovery on Monday following the weekend’s $500 billion bloodbath that resulted in a $10 billion drop in open interest. Bitcoin (BTC) rose by 1.4% while ether (ETH) outperformed with a 2.5% gain. Synthetix (SNX), meanwhile, stole the show with a 120% rally as traders anticipate “perpetual wars” between the decentralized … Read more

Hong Kong-listed investment bank China Renaissance is seeking to raise $600 million to introduce a public crypto treasury focused on BNB, the native token of the BNB Chain that’s widely used for discounts on Binance fees. The project, if completed, would mark one of the largest single bets on BNB by a publicly listed entity. … Read more

The largest ether (ETH) treasury company BitMine Technologies (BMNR) bought last week’s dip in crypto prices, adding 202,037 tokens, $828 million at current prices, to its holdings, the firm reported on Monday. “The crypto liquidation over the past few days created a price decline in ETH, which BitMine took advantage of,” BitMine chairman Thomas Lee … Read more

Singapore’s High Court has approved Zettai Pte. Ltd.’s restructuring scheme, clearing the path for the reopening of Indian crypto exchange WazirX less than a year after it was crippled by the largest hack on any crypto business in the country. The sanction order followed an August re-vote that saw 95.7% of creditors by number and … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) A rapid and violent sell-off wiped more than $500 billion from crypto markets Friday, triggering forced liquidations, collapsing wrapped tokens, leading to nearly $20 billion in liquidations, and straining exchange infrastructure. The flash crash, described by Bitwise portfolio manager Jonathan Man as possibly the worst liquidation … Read more

Hyperliquid will activate its HIP-3 network upgrade on Monday, allowing anyone who meets onchain requirements to launch perpetual futures markets on the platform. An administrator announced in Hyperliquid’s Discord that the Oct. 13 upgrade will turn on HIP-3, adding that “there is no immediate change for users,” but deployers can create markets “once ready.” The … Read more

Synthetix’s native token SNX jumped more than 120% in the past 24 hours, according to CoinDesk market data, reclaiming levels not seen since before the 2022 market crash and sparking fresh conversation around the return of DeFi’s earliest “dino coins.” A dino coin is a colloquial term for a token or coin that has was … Read more

During Friday’s turbulent market sell-off, Ethena’s synthetic dollar, USDe, which maintains its 1:1 peg to the USD through cash-and-carry arbitrage, briefly dropped, hitting 65 cents on Binance. However, this dramatic dislocation was confined to Binance as opposed to the global de-pegging of the USDe as social media chatter suggests. Most trading of USDe occurs on … Read more

The coming week in crypto will bring a positive development in the case of Ethereum’s Fusaka upgrade being applied to the Sepolia testnet. However, concerns remain over the crypto market in general as the U.S. government continues its shutdown, which has halted several crypto ETF applications in their tracks. The crypto market sold off on … Read more

A trader who pocketed $192 million shorting BTC ahead of last week’s crypto wipeout has reloaded with a large bearish position as markets attempt to recover from the Trump tariff shock. The wallet, identified as 0xb317 on the decentralized derivatives platform Hyperliquid, opened a new $163 million short position on bitcoin late Sunday, data from … Read more

Marathon Digital Holdings (NASDAQ: MARA) appears to have taken advantage of Friday’s market turmoil to load up on bitcoin (BTC), according to data curated by Arkham Intelligence. Marathon Digital Holdings, which holds about 52,850 BTC (worth roughly $6.06 billion), purchased an additional 400 BTC valued at about $45.9 million through FalconX early Monday, according to … Read more

Bitcoin (BTC) traders are catching their breath after one of the wildest weekends in the asset’s history. The flash crash that happened late Friday following Trump’s 100% tariff announcement on Chinese imports wiped nearly $19 billion in crypto positions — the largest single-day liquidation on record. But some 48 hours later, the market looks steadier, … Read more

Dogecoin ripped through resistance on massive inflows, surging 11% in 24 hours to challenge the $0.22 threshold. Institutional desks led the breakout, pushing volume to four times its daily average as momentum indicators flipped decisively bullish. Traders are now watching for confirmation above $0.22 to extend gains toward $0.24–$0.25. News Background DOGE’s 11% rally unfolded … Read more

XRP clawed back $30 billion in market value after last week’s tariff-driven collapse, ripping from $2.37 to $2.58 on explosive institutional volume. The rebound printed one of the year’s heaviest sessions, confirming aggressive dip-buying as traders reposition ahead of fresh macro headlines. News Background The recovery follows a 50 % wipe-out triggered by President Trump’s … Read more