CoinDesk

The Federal Reserve’s October rate decision could trigger unexpected shocks in U.S. stocks and Bitcoin as unresolved federal government shutdown risks cloud the outlook. Government shutdown delays key data ahead of FOMC meeting A partial federal government shutdown began on Oct. 1, shuttering many non-essential services including the Bureau of Labor Statistics (BLS). This shutdown … Read more

SWIFT, the backbone of the global financial messaging system, is taking a step toward becoming a full-fledged blockchain infrastructure provider. This week, the network unveiled plans to build a shared ledger platform that will let banks settle transactions involving stablecoins and tokenized assets across multiple blockchains. While SWIFT has long served as the messaging layer … Read more

The team behind USD1, the fast-growing stablecoin launched by Trump family-linked DeFi project World Liberty Financial, has fallen behind on updating its monthly attestation reports, a critical transparency measure for investors and regulators, according to NYDIG. As of early October, the most recent report available is from July. That delay puts USD1 out of step … Read more

Bitcoin decentralized finance (DeFi), also known as BTCFi, has been touted as the next wave of innovation for the world’s largest cryptocurrency. However, research suggests bitcoin (BTC) holders themselves are barely engaging. Some 77% of bitcoin holders have never tried a BTCFi platform, according to a survey of more than 700 respondents across North America … Read more

This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. As bitcoin (BTC) trades in uncharted territory near record highs, traders may be searching for cues on what comes next, especially key levels that could act as magnets or resistance points. Here are three important levels worth watching closely. $126,100 This … Read more

Dogecoin bounced sharply in early Sunday trade, recovering from Saturday’s slide to reclaim the $0.26 handle. The move higher came after a mid-session flushout drove price to $0.248 on heavy volume, clearing weak longs before buyers stepped in. DOGE is now consolidating just above $0.26 with traders eyeing the $0.30–$0.33 zone as the next resistance … Read more

XRP pushed back over the psychological $3.00 level in early Sunday Asia trade, reversing Saturday’s breakdown that saw the token hit lows near $2.95. The rebound followed a heavy-volume flushout that cleared leveraged longs, with bargain hunters and whales stepping in aggressively. Traders now view the $3.10–$3.30 range as the key battleground, with breakout projections … Read more

Bitcoin (BTC) surged during the Asian session on Sunday, rallying from $122,000 to $124,289 within minutes, pausing short of the record high of $124,429 reached in August. The break above $124,000 followed a massive demand for U.S.-listed spot exchange-traded funds (ETFs). which collectively registering a net inflow of $3.24 billion last week. This marks the … Read more

Many investors are currently viewing bitcoin through an end-of-cycle lens, suggesting that Q4 could mark the close of the current market cycle. However, two key metrics point to the possibility that the bull market may actually be in its early stages. Glassnode data shows that the 200-week moving average (200WMA), which smooths bitcoin’s price over … Read more

Solana’s role in the race to capture tokenized markets won new attention this week when Bitwise CIO Matthew Hougan called it “the new Wall Street.” Speaking with Solana Labs’ Akshay Rajan on Oct. 2, Hougan said global financial leaders increasingly recognize the disruptive potential of stablecoins and tokenization. He noted that the heads of the … Read more

The U.S. government shut down this past Wednesday, furloughing any federal employees deemed non-essential and forcing the rest to work without pay (though they should receive backpay when the government is formally funded again). If the government reopens within the next few weeks, it shouldn’t have too much of an effect on D.C.’s crypto policymaking. … Read more

Brazil’s largest investment bank, BTG Pactual’s crypto platform Mynt, has flagged five cryptocurrencies it believes are well-positioned for gains in October: bitcoin (BTC), ether (ETH), solana (SOL), avalanche (AVAX), and sky (SKY). The picks, outlined in a report authored by Matheus Parizotto and João Galhardo, reflect a broader optimism in the crypto market as U.S. … Read more

Walmart-backed fintech OnePay plans to roll out cryptocurrency trading and custody features in its app by the end of the year. The service will let users buy, hold, and convert bitcoin and ether within the app, with crypto infrastructure provided by Chicago-based Zerohash, CNBC reports , citing sources familiar with the matter. Though OnePay hasn’t … Read more

Twelve years after launching as a cryptocurrency exchange, Mercado Bitcoin aims to be something entirely different. Less focused on price charts and trading pairs, the São Paulo-based company now talks more about Brazil’s central bank’s PIX payments, digital fixed income, and streamlined remittances. Mercado Bitcoin’s head of corporate development, Daniel Cunha, told CoinDesk in an … Read more

Robinhood’s decision to list Strategy’s four preferred stocks marks a rare break from its own investment policies — and could strengthen Michael Saylor’s bitcoin playbook without diluting holders of the firm’s common stock, MSTR. Robinhood’s rare policy shift The brokerage began offering trading in four Strategy (MSTR) preferred stocks on Oct. 2, with tickers STRC, … Read more

Floki (FLOKI), a cryptocurrency project that started as a memecoin and has since evolved with its own ecosystem, has seen its price jump nearly 23% in the last 24 hours after the launch of its first exchnage-traded product (ETP) in Europe. The new offering, called Valour Floki SEK ETP, launched on Oct. 3 on Sweden’s … Read more

Traditional investment firms all have the same mantras: “time in the market beats timing,” “move slowly,” and “big money is in the waiting.” It’s an action plan that made sense 20 years ago, but today, it’s a sure strategy for getting steamrolled by forces most of these firms refuse to acknowledge. The uncomfortable truth is … Read more

Bitcoin (BTC) has ripped about 13% this week, surging Friday to just shy of a new record of $124,500. With that ceiling nearly cleared, a quick move to $135,000 could be in the cards, according to Standard Chartered head of digital asset research Geoffrey Kendrick. In a note published on Friday, Kendrick argued that the … Read more

Ethereum’s next major network upgrade, Fusaka, could reshape how users experience the blockchain by lowering costs and boosting efficiency, according to asset manager VanEck. In its September crypto market recap, VanEck’s research team said Fusaka, expected to go live in December, is designed to tackle one of Ethereum’s biggest hurdles: data availability for rollups, the … Read more

Ripple cryptographer J. Ayo Akinyele says he’s pushing to make the XRP Ledger (XRPL) the “first choice for institutions seeking innovation and trust” — and to do it with privacy-first tooling. Akinyele, a senior director of engineering at Ripple, lays out the case in a blog post published Thursday, arguing that finance can’t function without … Read more

Coinbase (COIN) said on Friday it has applied for a national trust charter with the U.S. Office of the Comptroller of the Currency (OCC), a move that would put the firm under federal regulatory oversight if approved. The charter would allow Coinbase to build on its existing custody business by offering services such as payments … Read more

Tether, the company behind the USDT stablecoin (USDT), is working with crypto miner financing firm Antalpha to raise at least $200 million for a new digital asset treasury for tokenized gold, Bloomberg reported Friday, citing sources familiar with the matter. The planned vehicle would stockpile Tether Gold (XAUT), a blockchain-based token backed by physical gold … Read more

The native token of oracle network Chainlink (LINK) pulled back slightly on Friday, establishing a higher low, posting a 6.7% gain this week. The price action has been supported by a string of news headlines about institutions and protocols tapping Chainlink’s services. Plasma (XPL) said on Friday it has joined Chainlink Scale, adopting Chainlink’s oracle … Read more

Aave (AAVE), the native token of the largest decentralized finance (DeFi) lending protocol, strongly rebounded from last week’s lows breaking through key resistance levels on Friday afternoon. The token gained another 2% over the past 24 hours and is up 6% this week. It has established support at the $284-$285 levels, while it’s currently consolidating … Read more

Stellar’s XLM token reversed sharply on Oct. 3 after briefly testing new highs. The token rose to $0.4041 in afternoon trading, but heavy selling after 14:00 UTC dragged it back to $0.4015, erasing earlier gains. Volumes spiked during the sell-off, with more than 1.4 million tokens traded in a single minute, signaling institutional selling at … Read more

New Internal Revenue Service guidance will relieve tax burdens on companies that hold cryptocurrencies and other assets, though it is limited to certain types of businesses. The IRS published interim guidance earlier this week announcing that C Corporations — a certain type of business — generating more than $1 billion in revenue no longer need … Read more

VanEck has taken an early step toward launching a staked Ethereum exchange-traded fund (ETF) by registering a statutory trust for the product in Delaware, a public filing dated October 2 shows. The proposed product, named the VanEck Lido Staked Ethereum ETF, would give investors exposure to ether (ETH) that is staked through Lido, a decentralized … Read more

HBAR saw sharp selling pressure on Oct. 3, with momentum intensifying in the final hour of trading. After briefly reaching $0.224, the token fell to $0.222, breaching key support and ending the session down 0.9%. The steepest drop came between 13:50 and 14:00, when volumes spiked above 3 million, signaling institutional distribution and panic-driven selling. … Read more

Bitcoin climbed to within close sight of new record high above $124,500, capping off a five-day rally that marks one of its strongest starts to October on record. Trading well below $110,000 last weekend, the crypto has climbed nearly 15% this week, including about 3% over the past 24 hours to the current $123,300. October … Read more

MARA Holdings (MARA) produced 736 BTC in September, up 4% from August, and won 218 blocks on the Bitcoin network, the company said in an update on Friday. The company, which positions itself as both a miner and a bitcoin treasury operation, said it was a BTC net seller during the month, taking note of … Read more