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
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is close to investing $2 billion in crypto-powered prediction market Polymarket, the WSJ reports. The deal, which could be announced as early as Tuesday, would value the platform at as much as $10 billion. ICE’s investment could lend regulatory credibility to Polymarket’s efforts to … Read more
BNB, the native token of the BNB Chain and widely used for transaction fee discounts on Binance, jumped more than 5% over the last 24-hour period, crossing the $1,280 mark to hit a new all-time high. The rally comes as traders digested signs of increased demand from institutions and surging activity on the underlying blockchain, … Read more
Ken Griffin, CEO of Citadel, expressed deep concern this week over gold’s soaring price and its implications for the U.S. dollar’s role as a global safe haven, according to Bloomberg. Gold futures just breached $4,000 an ounce, marking a gain of more than 50% so far in 2025. The U.S. dollar, measured by the U.S. … Read more
Solana’s network continues to show unexpected resilience, according to new research from Matt Mena, a crypto research strategist at 21Shares. In a blog post published Monday, Mena said Solana generated roughly $2.85 billion in annual revenue from October 2024 through September 2025, cementing its position as one of crypto’s fastest-growing blockchain economies. He described the … Read more
U.S. banking titan Morgan Stanley’s Global Investment Committee (GIC) recommends an allocation of up to 4% of portfolios to cryptocurrency, according to an Oct. 1 note. The 4% allocation is at the top end of GIC’s recommendations, pertaining to investors seeking “opportunistic growth,” according to the note, shared on X by Bitwise CEO Hunter Horsley … Read more
The U.S. bitcoin exchange-traded funds (ETFs) recorded a $1.2 billion net inflow on Monday, marking the seventh occasion that inflows have exceeded $1 billion, according to Farside data. The majority of these inflows came from BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $970 million. Historically, when inflows reach around $1 billion, it has often coincided … Read more
A bump in fees on some of DeFi’s most-used applications is a sign of traders rotating back to fundamentally strong projects. September revenues climbed to about $600 million, nearly double the $340 million low in March. Uniswap, the decentralized exchange that remains crypto’s largest trading venue, and Aave, the lending-and-borrowing protocol, drove much of that … Read more
With bitcoin (BTC) kicking off the seasonally bullish October on a strong note, rising to record highs above $126,000, traders who missed the early rally might be feeling the urge to jump in. If that latecomer’s FOMO, or fear of missing out, has struck, here are some bullish BTC option plays favored by analysts that … Read more
Bitcoin (BTC) rose to $126,223 on Monday, marking another record as the U.S. shutdown, softer dollar, and surging ETF inflows converged to tighten supply and extend the rally. As of writing, the cryptocurrency traded near $124,000, building on a 15% weekly gain that has pulled majors higher across the board. Elsewhere, bitcoin has broken records … Read more
Fasset, a digital asset investment platform, has been given a provisional banking license in Malaysia, clearing the way for what it calls the world’s first stablecoin-powered Islamic digital bank. The move places Fasset within a regulated sandbox for Islamic fintech, enabling the company to expand its existing digital asset platform into full-service banking, the company … Read more
MetaMask confirmed over the weekend in a post on X that it will roll out a new onchain rewards program in the coming weeks, setting aside more than $30 million in Linea tokens for its first season. The wallet app described the initiative as “one of the largest onchain rewards programs ever built,” while stressing … Read more
India will soon launch its own digital currency backed by the Reserve Bank of India (RBI) for seamless transactions, Union Minister of Commerce and Industry Piyush Goyal said during a roundtable in Doha, Qatar. “India has also announced that we’ll be coming out with a digital currency which will be backed by the Reserve Bank … Read more
XRP spiked to $3.05 on doubled turnover before fading into consolidation, with whales offloading more than $300M as institutional desks repositioned ahead of a pivotal Fed decision. The $2.99 floor held on repeated defenses, leaving price boxed between $2.99 and $3.05 while ETF deadlines and rate speculation loom. News Background XRP gained 3% in the … Read more
Dogecoin surged to $0.27 on more than 1.1B in turnover, with whale wallets adding 30M tokens and speculation mounting around potential retirement fund inclusion. Support has shifted higher into the $0.27 zone as institutions pressed bids, with momentum now eyeing the $0.30 ceiling. News Background DOGE rose 6% between Oct. 6, 04:00 and Oct. 7, … 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. The conventional wisdom holds that the battle for Asia’s crypto hub … Read more
“Uptober,” the wordplay on crypto’s historically bullish month of October, is so far living up to its name as bitcoin (BTC) pushed towards new all-time highs and altcoins also caught a bid. After briefly spiking above $125,000 and retreating on Sunday, BTC followed through on Monday, surging to a fresh record of $126,223 during the … Read more
Two major Wall Street investment banks have issued differing views on the newly public fintech firm Figure (FIGR), as the company works to expand its blockchain-based lending and capital markets platform beyond home equity lines of credit. Keefe, Bruyette & Woods (KBW) initiated coverage of Figure with an “outperform” rating and a 12-month price target … Read more
ARK Invest, the asset management firm led by CEO Cathie Wood, is leaning into the tokenization boom by taking a stake in tokenization specialist Securitize as Wall Street races to bring assets onchain. The ARK Venture Fund (ARKVX), ARK’s closed-end, actively managed fund that invests in public and private companies, held 3.25% of its assets … Read more
Zac Prince, the former chief executive and co-founder of collapsed crypto lender BlockFi Inc., is back in the digital asset industry as the head of Galaxy Digital’s new banking platform, Galaxy One. The move marks Prince’s return to a leadership role less than three years after BlockFi’s bankruptcy, which followed the implosion of crypto exchange … Read more
Stellar Lumens (XLM) climbed 3% over a 23-hour stretch ending October 6, rising from $0.40 to $0.41 as institutional trading surged above 71 million tokens. The move followed a technical rebound from $0.39, with traders driving demand during peak trading hours and supporting a steady rally through key resistance levels. XLM’s ability to hold above … Read more
HBAR demonstrated notable bullish momentum over the past day, rising from $0.22 to $0.23 between Oct. 5 and Oct. 6 amid a 5.47% intraday volatility range. The token rebounded from lows near $0.21 to post higher highs above $0.23, driven by strong buying activity that pushed trading volume past 70 million during peak hours. The … Read more
Meme-inspired cryptocurrency PEPE surged more than 2.5% in the last 24-hour period, outperforming the memecoin sector as measured by the CoinDesk Memecoin Index (CDMEME), which went up 2.24% in the same period. The price jumped from $0.00000969 to a high of $0.00001027, with trading volumes crossing 314 billion tokens during a rapid price move in … Read more