Friday has gone from bad to worse for crypto assets as U.S. President Trump said he would impose an additional 100% tariff on China, sending prices cascading lower in a flash crash. Bitcoin (BTC), already trading weak at around $117,000 following Trump’s late morning comments about threatening China with tariffs, tumbled below $110,000, down 12% … Read more
Digital asset investment firm Galaxy Digital (GLXY) said on Friday it agreed to a $460 million private investment from one of the world’s largest asset managers, a deal that would add cash for its growing data center business and general corporate needs. The investment, from the undisclosed firm, is split between 9,027,778 new Class A … Read more
Friday brought carnage onto crypto markets as U.S.-China trade tensions ratcheted up with Trump threatening a massive increase in tariffs against Chinese goods. Worst-hit among the crypto benchmark CoinDesk 20 Index constituents was Ethereum’s native token ether (ETH), nosediving 7% from Friday’s session high and hitting its weakest price since late September below $4,100. Its … Read more
Hedera Hashgraph’s HBAR token came under heavy institutional selling pressure over the 24-hour trading period ending October 10, with prices fluctuating within a volatile 6% range between $0.21 and $0.22. Despite early resilience that saw HBAR climb toward intraday highs near $0.22, the digital asset reversed sharply in the final trading hour, as institutional investors … Read more
New financial products bring with them familiar risks, and blockchain-issued investment funds are not immune. Assets in blockchain-based funds have nearly tripled in a year – from $11.1 billion to nearly $30 billion. New entrants VanEck, Fidelity, BNP Paribas, and Apollo recently launched on-chain investment funds. Others are coming. Blockchain-based and digitally-native securities products have the … Read more
It’s deja vu all over again for bitcoin bulls as Monday’s rally to an all-time high triggered not FOMO, but instead fast retreat. That retreat sped up in a big way in late-morning U.S. action on Friday after trade war tensions between the U.S. and China ratcheted higher. U.S. President Donald Trump said in a … Read more
A subsidiary of Dominari Holdings (DOMH), the investment firm with ties to President Donald Trump’s sons, Eric and Donald Jr., is teaming up with Bitcoin programmability project Hemi to progress its digital asset treasury and exchange-traded fund (ETF) plans. Broker-dealer Dominari Securities and Hemi, which is backed by veteran Bitcoin developer Jeff Garzik, teamed up … Read more
Several recent token launches have seen dramatic drawdowns, bringing to token generation event (TGE) meta into question ahead a number of high profile airdrops. CAMP, the native token of an AI-focused layer 1 blockchain, is now down by 88% since it was introduced last month, while DoubleZero’s 2Z has lost 60% of its value in … Read more
Russia is moving closer to formally integrating crypto into its financial system, as officials acknowledge widespread adoption and the central bank prepares to let banks handle digital assets under tight controls. According to a report by TASS, Deputy Finance Minister Ivan Chebeskov said around 20 million Russians now use cryptocurrencies “for various purposes,” describing them … Read more
Morgan Stanley is widening access to cryptocurrency investments for its wealth management clients, CNBC reported Wednesday, in a move that signals a broader shift among traditionally cautious Wall Street institutions. Starting next Wednesday, the bank will allow its financial advisors to offer crypto investments to all clients — regardless of risk tolerance or net worth … Read more
Prestige Wealth (PWM) said it has closed a $150 million financing round to launch a digital asset treasuryfocused on Tether Gold (XAUT), the gold-backed tokens of stablecoin giant Tether. The funding includes a $100 million private placement led by Antalpha (ANTA), a prominent bitcoin mining financing firm that and $50 million in senior debt, according … Read more
Blockchain security firm PeckShield reported Friday that a wallet suffered a devastating loss of roughly $21 million worth of crypto assets on Hyperliquid, a decentralized trading platform. According to PeckShield, the theft stemmed from a private key compromise, allowing an attacker to drain the victim’s funds in a single swift move. The hack was isolated … Read more
A tightening U.S. power grid is driving bitcoin (BTC) miners and AI developers into closer alignment, according to Wall Street broker Bernstein. Soaring demand from AI and digital workloads has made grid access one of the biggest constraints on new data center growth, with interconnection timelines stretching to seven years in some regions, the broker … Read more
Online prediction market Kalshi has raised more than $300 million at a $5 billion valuation as prediction markets move into the financial mainstream, according to a report by the New York Times on Friday. The company will now allow users in over 140 countries to place bets, marking its first major international expansion, the article … Read more
This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin (BTC) bounced back to around $121,500 after dipping below $120,000 late Thursday. Further gains may be difficult to achieve or could prove short-lived for two reasons. First, momentum indicators on short-term charts have turned bearish. On the hourly chart, the … 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 4183.36, up 1.1% (+45.17) since 4 p.m. ET on Thursday. All 20 assets are trading higher. Leaders: LTC (+11.9%) and NEAR (+10.9%). Laggards: APT (+0.0%) and ETH (+0.4%). The … Read more
Metaplanet (MTPLF) has announced it will suspend the exercise of its 20th to 22nd series of stock acquisition rights, also known as Moving Strike Warrants, from Oct. 20 to Nov. 17. The suspension, which applies to warrants issued through a third-party allotment to Evo Fund, will pause the exercise of all remaining rights for a … Read more
Bitcoin has bounced to over $121,000 from overnight lows under $120,000 alongside sharp gains in privacy coins such as ZEC and DASH. Traders on decentralized exchanges continued to lean bullish, preferring out-of-the-money higher strike BTC and ETH calls. Most analysts retained constructive bias. “The market is coiling at elevated levels, calm, liquid, and quietly bullish. … Read more
The native token of the BNB Chain, BNB, is down more than 2.5% in the last 24 hours, continuing its slide from a new all-time high above $1,300 registered earlier this week. BNB rose 129% over the past year, outpacing both bitcoin and ether, as renewed momentum in the BNB Chain ecosystem kicked off a … Read more
By Omkar Godbole (All times ET unless indicated otherwise) It’s a tough market to trade as bitcoin’s (BTC) price swings sharply. Following a late Thursday drop from $123,000 to $120,000, BTC has recovered to trade around $121,400, with privacy coins such as Zcash (ZEC) and dash (DASH) rising sharply. The CoinDesk 20 Index has bounced … Read more
The SEC finally cleared the road to fast-track altcoin ETFs, but a government shutdown may keep applications for a Cardano (ADA) ETF stuck in limbo until 2026 – and bettors on Polymarket are undervaluing that. After scrapping 19b-4 filings and approving “generic listing standards” to fast-track altcoin ETFs, traders are betting 90% odds that ADA’s … Read more
Bitcoin (BTC) miners are extending gains in pre-market trading as the artificial intelligence and high-performance computing (AI/HPC) boom accelerates, particularly benefiting those pivoting their operations toward AI infrastructure. IREN (IREN) is up 4% at $66 after a 6% rise on Thursday, now up more than 520% year-to-date. TerraWulf (WULF) is 5% higher pre-market after a … Read more
China stepped up rare earth export controls on Thursday in a rare move that could have widespread implications for global supply chains and both traditional and crypto market sentiment. China’s Ministry of Commerce announced sweeping new export restrictions on rare earth materials, processing technologies and derivative products used in semiconductors, AI systems and defence. The … Read more
Hyperliquid, the on-chain decentralized exchange, has rolled out Based Streams, a livestreaming platform that merges creator content with real-time trading interactions. The new tool allows users to schedule broadcasts, chat live, and overlay their on-chain trades while growing their communities. Donations run via Hypercore, allowing viewers to send Hypercore tokens to streamers directly. At the … Read more
Bitcoin’s (BTC) implied volatility (IV) gauge has climbed to a 2.5-month high, consistent with the seasonal trends. Volmex’s bitcoin implied volatility index, BVIV, which represents the annualized expected price turbulence over four weeks, has topped 42%, the highest since late August, according to data source TradingView. IV measures the market’s expectations for future price swings … Read more
A back-to-roots trade is emerging as market participants take notice of the privacy corners of the crypto ecosystem, bringing attention back to what dominated much of the 2017-18 bull market cycle. Tokens in the sector are up 15% on average in the past 24 hours, CoinGecko data shows. Zcash (ZEC) is up more than 40%, … Read more
Bitcoin’s (BTC) price swoon is marked by a veteran trader placing a bearish bet worth millions of dollars. A bitcoin “OG” placed a leveraged short of 3,600 BTC, valued at $438 million, on the decentralized exchange Hyperliquid during overnight trading, as BTC’s spot price briefly dipped below $120,000, according to blockchain analyst LookOnChain. The liquidation … Read more
XRP chopped in a narrow $2.78–$2.85 band, masking heavy institutional selling and rising leverage risks. Exchange reserves climbed to nine-month highs on 440M tokens distributed over 30 days, while futures open interest swelled near $9B. Bulls continue to defend the $2.78 floor, but distribution patterns cap upside momentum. News Background XRP traded flat to lower … Read more
Leading privacy blockchain Monero has released an important upgrade that significantly strengthens user protection against spy nodes. The blockchain announced CLI v0.18.4.3 ‘Fluorine Fermi’ on X, calling it a highly recommended release that enhances protection against spy nodes. Monero relies on a decentralized peer-to-peer (P2P) network where nodes (computers) connect directly to each other to … Read more
Bitcoin (BTC) traders remain optimistic about steadier price ascents in the coming weeks, even as profit-taking dented a recent rally that set fresh records. The premier cryptocurrency by market value briefly fell to $120,000 during the overnight trade, dragging the broader market lower. Ether (ETH) dropped 2.4% in the past 24 hours to reverse all … Read more