CoinDesk

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

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. ANALYSIS Polymarket’s potential launch of the POLY token may mark the … Read more

The crypto industry is recoiling from a document reportedly outlining a U.S. Senate Democratic pitch on handling decentralized finance (DeFi) as a component of the wider effort toward regulating crypto in the U.S. The proposal — a detailed outline describing an approach to DeFi, first reported by Politico — suggests that a firm or individuals … Read more

Crypto exchange Coinbase and payments giant Mastercard have each held advanced acquisition talks to buy BVNK, a London-based fintech that builds stablecoin payment infrastructure, according to six people familiar with the matter who spoke with Fortune. The discussions have not been finalized, but several of the sources told Fortune that the potential sale price is … Read more

Early Bitcoin (BTC) investor and Bitcoin Cash (BCH) advocate Roger Ver is close to settling tax fraud charges with the U.S. Department of Justice, the New York Times reported Thursday. Often known as “Bitcoin Jesus” due to his early evangelization for the crypto, Ver was indicted last April and arrested in Spain on allegations he … Read more

Filecoin (FIL) fell as much as 7% in the last 24 hours, tumbling from $2.39 to $2.23, according to CoinDesk Research’s technical analysis model. The model showed that the token posted a $0.19 range representing 7.9% volatility. Sellers dominated at the $2.41 resistance level as transaction volume exploded to 5.92 million tokens traded, crushing the … Read more

The governance token of the prominent decentralized lending protocol Aave (AAVE) has faced substantial selling pressure through the past 24 hours, dipping briefly below the $270 level. The DeFi bluechip plunged 5% in the early Thursday session, sliding nearly 10% lower since this week’s high. It has modestly recovered later in the day U.S. hours, … Read more

The native token of oracle network Chainlink (LINK) encountered substantial institutional selling pressure over the 24-hour trading session, tumbling to its weakest price in more than a week. LINK tumbled 4% to a session low of $21.30, reversing over 8% from Monday’s local high, CoinDesk data shows. The decline happened in line with weakness in … Read more

Stellar’s XLM token extended its downturn over the past day, sliding 5% from $0.39 to $0.38 between October 8 at 15:00 and October 9 at 14:00. The selloff came amid heavy institutional activity, with volumes reaching 35.51 million — well above average levels — confirming strong distribution pressure. The breakdown below the key $0.38 support … Read more

Hedera Hashgraph’s HBAR token fell nearly 5% from $0.22 to $0.21 between Oct. 8 and 9 as institutional caution deepened amid ongoing regulatory uncertainty. Volatility surged to 5.4%, with heavy selling between 01:00 and 08:00 on Oct. 9 pushing volumes above 100 million units per hour. Analysts cited strong resistance at $0.22 and institutional support … Read more

An attempted bitcoin (BTC) rally back toward a record high was quickly snuffed out and reversed in morning U.S. action on Thursday. Trading just below $124,000 just ahead of the opening of the stock market, bitcoin pulled back to below $121,000 about ninety minutes later. The action happened alongside pullbacks in previously red-hot gold and … Read more

Wall Street giant Citi (C) initiated coverage of crypto exchange OSL (0863) with a buy/high risk rating and a target price of 21.80 Hong Kong Dollars ($2.80), or 22 times projected 2025 price-to-sales. Citi said OSL is well positioned as a regulated digital-asset trading and payments platform, with strong growth prospects tied to institutional crypto … Read more

BNB, the native token of BNB Chain and widely used for transaction fee discounts on Binance, fell more than 2% in the last 24-hour period amid a trading volume spike and as BNB Chain memecoin trades unwind. The token dropped from $1,308 to a low of $1,255 earlier in the session, recovering to $1,270, where … Read more

In today’s “Crypto for Advisors” newsletter, Joshua De Vos, research team lead at CoinDesk, breaks down crypto trends and adoption from the CoinDesk Quarterly Digital Asset Report. Then, Kim Klemballa answers what advisors need to know about crypto “Ask an Expert.” Thank you to our sponsor of this week’s newsletter, Grayscale. For financial advisors near … Read more

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE), the exchange said on Thursday. Bybit becomes the first crypto exchange to obtain this full license from the SCA, the company said in a press … Read more

Monad, the Layer-1 blockchain, confirmed in a post on X that its long-anticipated token airdrop will take place next week. The airdrop claims portal will open on Oct. 14, however, Monad’s team has yet to disclose any information about the airdrop’s allocation. Monad has positioned itself as a high-performance Layer-1 chain that has EVM compatibility. … Read more

Wall Street broker Benchmark remains bullish on Strategy (MSTR) despite the stock’s recent struggles, arguing that its bitcoin-linked perpetual preferred shares give it something no other digital asset treasury can match: permanent capital. The broker reaffirmed its Strategy buy rating and $705 price target in the Thursday report. The stock was 2% lower in early … Read more

BTC reversed the Wednesday bounce with a drop to $121,500 early Thursday alongside flat-to-negative action in the European equity markets and persistemt strength in the U.S. dollar. Jamie Dimon, chief executive of JP Morgan, warned of a major stock market correction in the coming months. Meanwhile, Arhur Hayes, chief investment officer at Maelstrom Fund said … Read more

Flows into bitcoin (BTC) exchange-traded funds (ETFs) are on track to set a new quarterly record, according to crypto asset manager Bitwise, which expects a surge in Q4 as institutional access broadens, macro tailwinds strengthen and prices climb. Earlier this year Bitwise predicted that 2025 bitcoin ETF inflows would surpass the record $36 billion set … 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 4210.27, down 1.7% (-73.39) since 4 p.m. ET on Wednesday. None of the 20 assets are trading higher. Leaders: BTC (-0.1%) and LTC (-0.9%). Laggards: APT (-5.6%) and FIL … Read more

Yuma, a development studio and accelerator for decentralized AI (deAI) network Bittensor created by Barry Silbert of Digital Currency Group, has introduced Yuman Asset Management, to allow institutional and accredited investors easy access to the deAI ecosystem. Bittensor is a decentralized network for AI that rewards people for contributing data and computing power to a … Read more

Institutional investors are moving past the testing phase and into large-scale adoption of digital assets, according to new research from State Street released Thursday. The custody bank’s 2025 Digital Assets Outlook found that more than half of surveyed institutions expect their exposure to digital assets to double over the next three years, signaling a growing … Read more

Spot solana (SOL) exchange-traded funds (ETFS) are unlikely to draw major investor inflows even if approved this week, according to a Wednesday report from Wall Street bank JPMorgan (JPM). Solana ETFs could see about $1.5 billion in first-year inflows, roughly one-seventh of ether’s (ETH), analysts led by Nikolaos Panigirtzoglou wrote. But the analysts warned that … Read more

The crypto market has truly matured since its early days a decade ago, evolving from a niche community into one with increasing adoption on both Wall Street and Main Street, marked by exchange-traded funds (ETFs) and even sovereign adoption. Yet, despite this growth and sophistication, most crypto market participants across the globe continue to cling … Read more

By Omkar Godbole (All times ET unless indicated otherwise) After a brief rebound on Wednesday, BTC and the broader crypto market slipped back into the red on Thursday — despite the Fed minutes showing a bias towards more rate cuts. The CoinDesk 20 Index (CD20) also fell over 1% to 4,163 points. What’s behind the … Read more

Two Prime Lending issued record-breaking bitcoin-backed loans of $827 million in Q3 2025, bringing its total committed loan volume to $2.55 billion since launching in March 2024, the firm said on Thursday. The lending affiliate of investment adviser Two Prime has established itself as one of the largest bitcoin-backed lenders globally, serving institutions such as … Read more

Ripple is expanding its Middle East footprint through a new partnership with Bahrain Fintech Bay, the Kingdom’s main fintech incubator and ecosystem platform, as part of its push to integrate blockchain and stablecoin infrastructure into regulated financial markets. The move builds on Ripple’s Dubai Financial Services Authority (DFSA) license obtained earlier this year and underscores … Read more

The venture arm of the U.S. multinational bank Citigroup (C) made a strategic investment in stablecoin payments platform BVNK, the companies announced on Thursday. Citi Ventures joins Visa (V) in backing BVNK, after the payments giant made its own strategic investment in the company in May this year. The companies have not disclosed the size … Read more

QumulusAI, a company building GPU-powered cloud infrastructure for artificial intelligence, has locked in a $500 million credit facility to fund its growing fleet of graphics processing units (GPUs). The financing was arranged by Permian Labs and will be distributed via USD.AI, a blockchain-based credit protocol that connects crypto liquidity to real-world infrastructure, according to an … Read more

Bitcoin (BTC) dipped below a key support level Thursday, pulling the broader crypto market down as the US dollar gained strength ahead of Federal Reserve Chair Jerome Powell’s speech. The leading cryptocurrency fell over 1% $121,500, reversing Wednesday’s spike and penetrating the 200-hour simple moving average, CoinDesk data show. Other major tokens such as BNB … Read more