CoinDesk

YZi Labs, formerly Binance Labs, introduced a $1 billion fund for projects building on the BNB Chain. The investment company, which was rebranded from the venture arm of crypto exchange Binance last year, is targeting BNB-based projects in areas such as trading, real-world assets (RWAs), artificial intelligence (AI), decentralized finance (DeFi) and wallets, according to … Read more

A lot can change in just a few days. Bitcoin recently reached new all-time highs of over in both U.S. dollar and Japanese yen terms, boosted by new Japanese prime minister, Takaichi Sanae‘s bias for ultra-easy Abenomics policy setting. However, the very same Abenomics bias now seems to be working against BTC through its impact … Read more

Global crypto product issuer 21Shares has partnered with UK wealth management app Stratiphy to let retail investors buy and hold crypto Exchange Traded Notes (ETNs) as the Financial Conduct Authority (FCA) lifts its four-year ban on these products. The change marks a shift in the UK’s stance on digital assets, allowing retail investors regulated access … Read more

Bitcoin is holding around $122,000 in Wednesday’s Asian hours after setting a record high at $126,200 earlier this week, with some market watchers still expecting a surge to a record $140,000 later this month. Economist Timothy Peterson said in an X post Tuesday that bitcoin has a 50% probability of rising to $140,000, citing simulations … Read more

This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Alternative cryptocurrencies typically move in tandem with bitcoin (BTC), but the magnitude of their price swings often differs. Take payments-focused XRP as an example. Since July, every upswing in Bitcoin has triggered rallies in XRP; however, XRP has consistently produced “lower … Read more

Dogecoin dropped 8% in Tuesday’s trade as whales unloaded into $0.27 resistance before pivoting back in near $0.25. A billion-token liquidation wave marked the day’s lows, but late-session prints showed smart money stepping back, hinting at a possible base. News Background Macro headwinds remain central to the picture. Traders are pricing in nearly 98% odds … Read more

Bitcoin (BTC) and gold (XAU) have diverged over the past 24 hours, with BTC likely feeling pressure from a strengthening dollar index. The leading cryptocurrency by market value has dropped 2.4% to $121,340, after failing to break through key resistance above $126,000 early this week, according to CoinDesk data. The Coindesk 20 Index has declined … Read more

Bitcoin’s latest push through record levels has left short-term holder (STH) whales sitting on their fattest paper profits of the cycle of about $10.1 billion, according to CryptoQuant data. These are entities holding more than 1,000 BTC that only entered the market in the past five months — the so-called “weak hands” of the cohort … Read more

XRP fell nearly 4% in Tuesday’s session as institutional selling hit mid-day and forced a breakdown from the $2.99 resistance zone. A volume spike almost seven times the daily average confirmed liquidation flows, with price stabilizing only after touching $2.878 support. Traders now eye whether the $2.85–$2.87 band can hold ahead of Ripple’s banking charter … 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. A7A5’s appearance at the recent Token2049 conference wasn’t in contravention of … Read more

NEW YORK — The Securities and Exchange Commission is still looking to formalize an “innovation exemption” for companies to build on digital assets and other innovative technologies in the U.S., potentially as soon as the end of the quarter, said agency Chair Paul Atkins. While acknowledging that the current government shutdown had “hamstrung” the SEC’s … Read more

High-performance computing firm IREN (IREN) stock slipped 6% on Tuesday post-market after announcing a $875 million convertible debt offering. The offering may increase to $1 billion if initial purchasers take up an option to buy an additional $125 million, the press release said. The notes will be unsecured and give holders the right to convert … Read more

CleanCore Solutions (ZONE) now holds over 710 million dogecoin (DOGE) tokens in its crypto treasury, with more than $20 million in unrealized gains, according to a Tuesday press release. The company continues with its goal of acquiring 1 billion DOGE. Launched just a month ago, the initiative is backed by the Dogecoin Foundation and coordinated … Read more

The crypto rally took a pause on Tuesday with bitcoin (BTC) quickly pulling back from record highs above $126,000 as analysts pointed to signs of crypto rally overheating, at least in the short run. BTC plunged below $122,000, erasing the past three days of gains and trading 2.4% lower in the 24 hours. The selloff … Read more

Filecoin (FIL) confronted intense selling pressure as the token penetrated multiple support thresholds at $2.39, $2.37, and $2.36 amid exceptionally robust trading volumes on Tuesday morning during the U.S. trading session, according to CoinDesk Research’s technical analysis model. The model showed the decentralized storage network’s native cryptocurrency experienced its most severe contraction during the last … Read more

CEA Industries (BNC) has revealed it now holds 480,000 BNB tokens, a 15% increase from a previous disclosure, as the price of the BNB Chain’s native token rises to a new all-time high. The company spent about $412.8 million to acquire the additional BNB at an average price of $860 per token, according to a … Read more

Wall Street bank JPMorgan (JPM) said the second quarter and summer of 2025 were transformative for bitcoin (BTC) miners, marked by record cash operating profits and a pivot toward high-performance computing (HPC). Cipher Mining’s (CIFR) 244 megawatt (MW) colocation deal with Fluidstack and IREN’s (IREN) expansion to more than 23,000 GPUs underscored that shift, the … Read more

S&P Dow Jones Indices, a division of S&P Global, plans to launch a new hybrid index that blends traditional equity markets with digital assets, offering a fresh option for investors looking to navigate the fast-changing crypto sector, the company announced Tuesday. The S&P Digital Markets 50 Index will track 35 publicly traded companies involved in … Read more

IREN (IREN) shares continued to rally after announcing new multi-year AI cloud service contracts with leading AI companies for NVIDIA Blackwell GPU deployments. The company remains on track to surpass $500 million in annualized run-rate revenue (ARR) by the end of Q1 2026 from 23,000 GPUs in operation or on order.Contracts covering 11,000 GPUs have … Read more

Investment bank KBW initiated coverage of Gemini Space Station (GEMI) with a market perform rating and a $27 price target, describing the crypto exchange as a well-rounded digital asset platform poised for long-term growth. Nevertheless, wrote analyst Bill Papanastasiou, Gemini for now remains unprofitable and discounted valuation to competitor Coinbase is warranted “as the impact … Read more

XRP is catching retail skepticism again in a gauge that has historically proven profitable for contrarian bets. Data from Santiment shows the token’s bullish-to-bearish commentary ratio slipped under 1.0 twice in the past three days — October 4th (0.74) and October 6th (0.86) — levels that historically line up with fear-driven selling pressure. For context, … 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 4380.87, down 1.1% (-49.75) since 4 p.m. ET on Monday. One of 20 assets is trading higher. Leaders: ETH (+0.2%) and BTC (-0.7%). Laggards: UNI (-3.3%) and AAVE (-3.1%). … Read more

Meanwhile, the first regulated life insurance company that operates entirely in bitcoin (BTC), said on Tuesday it has raised $82 million to scale its savings and retirement products that aim to protect against inflation and currency devaluation. The funding round was co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, … Read more

Yuma, a subsidiary of Digital Currency Group (DCG) focused on decentralized artificial intelligence (AI), has appointed veteran crypto founders Greg Schvey and Jeff Schvey as its new Chief Operating Officer and Chief Technology Officer, respectively, the company said in a Tuesday press release. The hires mark a key expansion for Yuma as it scales operations … Read more

KindlyMD (NAKA) announced a partnership with Antalpha to create a $250 million secured convertible debt facility. Through its subsidiary Nakomoto Holdings, KindlyMD will leverage Antalpha’s expertise in digital asset financing to create new treasury tool for bitcoin focused-companies, according to the announcement. The non-binding agreement outlines a five-year convertible note issuance to Antalpha, with proceeds … Read more

This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. There’s very little reason to doubt bitcoin’s (BTC) upward trajectory right now. Although the rally has paused over the last 24 hours, the steep, near-90-degree uptrend line from lows just under $ 110,000 is still holding strong. In fact, prices tested … Read more

Bank of New York Mellon (BK), the world’s largest custodial bank with $55.8 trillion in assets under custody, is testing tokenized deposits in a bid to modernize its global payment infrastructure and keep pace with a growing shift toward blockchain-based finance. The effort, still in the exploratory phase, aims to let clients make payments using … Read more

North Korea-linked hacking groups have stolen more than $2 billion worth of crypto assets so far this year, according to a new analysis from blockchain forensics firm Elliptic, the largest annual total ever recorded, and with three months of 2025 still to go. The new data underscores Pyongyang’s growing dependence on cyber-enabled theft to fund … Read more

Tether, issuer of the world’s largest stablecoin, plans to propose its own candidates for a board seat at Juventus FC, the Italian soccer club in which it owns a stake of 10.7%, Reuters reported on Monday. The stablecoin giant will submit its list at the club’s annual shareholder meeting in November, according to the report, … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) remains in an uptrend, despite the overnight pullback. The world’s largest cryptocurrency is on fire, having rallied nearly 10% in one week. While the buzz around BTC is natural, other sub-sectors, such as real-world assets (RWAs), are lighting up big time and deserve attention. … Read more