CoinDesk

XLM posted a volatile trading session over the past 24 hours, surging from $0.36 to $0.39 before giving back gains in a sharp intraday reversal. The move represented a 7% advance as volumes spiked to 56.77 million—nearly double the 24-hour average—suggesting heightened institutional activity. The most notable breakout occurred at 08:00 UTC on Oct. 1, … Read more

Circle (CRCL), the crypto company known for its USDC stablecoin, introduced on Wednesday its tokenized U.S. Treasury fund offering to Solana, expanding its footprint to the blockchain known for low-cost transactions and fast settlement times. The move expands the USYC token beyond Ethereum, Near, Base and Canton networks and the planned addition of BNB Chain. … Read more

The financial industry loves to talk about speed. Real-time payments. Instant settlement. Same-day ACH. But making a horse-drawn carriage go faster doesn’t turn it into a car. The problem with traditional financial settlement is that it was built for a world that no longer exists. The unfixable problem Traditional financial infrastructure is a patchwork of … Read more

HBAR posted a strong technical performance across the latest 23-hour trading window, advancing from $0.21 to $0.22 while registering a trading range of $0.012, equivalent to 5.7% volatility. Market action was highlighted by a firm consolidation at $0.209 on heavy volume before buyers pushed the token decisively above the $0.221 resistance at 08:00 UTC. The … Read more

New asset classes don’t appear by decree — they emerge when size, volatility and diverse participants converge. When that happens, a set of risks and rewards becomes too important, too dynamic and too widely traded to ignore. That is the point at which investors stop treating it as a feature of the market and start … Read more

Polkadot’s DOT exploded 6% higher in the last 24-hours, surging from $3.88 to $4.11 on massive volume, according to CoinDesk Research’s technical analysis model. The model showed the breakout established resistance at the $4.11 level before the token consolidated between $4.05-$4.07 as profit-taking kicked in. The consolidation signals healthy profit-taking after the morning breakout, with … Read more

Ethereum’s next upgrade, Fusaka, just moved closer to going live on the main blockchain after a successful test run on the Holesky test network early Wednesday. The Fusaka hard fork comes only a few months after Ethereum’s major Pectra upgrade and is designed to make things cheaper for institutions using Ethereum. One of the changes … Read more

Crypto markets are off to a positive start in what in the past has been their strongest quarter of the year, with bitcoin (BTC) rising nearly 4% over the past 24 hours to $117,400. Already higher overnight, crypto prices rose further early in the U.S. session as fresh economic data suggested September’s Federal Reserve rate … Read more

Bitcoin closed September with a 5.16% gain, its third-best September on record since 2013, according to Coinglass data. The performance comes as traders turn their attention to October, which has historically been the asset’s strongest month. Since 2013, bitcoin has averaged 14.4% gains in October, with a median return of 10.8%. Out of 13 Octobers … Read more

Once the face of non-fungible tokens (NFTs), OpenSea is in the middle of a reinvention. The marketplace that helped turn digital collectibles into a global craze is now trying to position itself as a Web3 home where users can seamlessly trade not just NFTs but also tokens and, eventually, a broader range of DeFi activity … Read more

Addresses linked to SBI Crypto, a subsidiary of Japan’s financial giant SBI Group, saw suspicious outflows worth roughly $21 million on Sept. 24, 2025, according to blockchain investigator ZachXBT. The stolen funds included bitcoin (BTC), ether (ETH), litecoin (LTC), dogecoin (DOGE) and bitcoin Cash (BCH). The loot was then funneled to five instant exchanges before … Read more

Meme-inspired cryptocurrency PEPE has seen its price jump more than 6% in less than 24 hours as traders piled in during a breakout rally that saw trading volumes nearly triple, according to CoinDesk Research’s technical analysis data model. The token rose from $0.000009138 to $0.000009627 during the session, with volatility expanding over 7%. Volume surged … Read more

Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Firedancer Devs From Jump Crypto Push Solana Toward Bigger Blocks Luke Dashjr Denies Hard Fork Claims as Bitcoin Governance Debate Heats Up UN: Experiment With Pension Funds Proves Blockchain … Read more

The current crypto bull market has been powered by a combination of macro demand for scarce digital assets and growing regulatory clarity, two forces that are expected to continue to shape investor focus in the final quarter of 2025, asset manager Grayscale said in a report Wednesday. According to Grayscale, the Federal Reserve’s decision to … Read more

BNB traded within a wide range over the last 24-hour period, dipping early before recovering to finish the period near $1,020, up more than 1% despite a hack of the BNB Chain’s official X account. The hacker took advantage of the BNB Chain’s official X account to post phishing links promoting a fake memecoin called … Read more

The total market cap of the fourteen U.S-listed bitcoin (BTC) miners that JPMorgan tracks exceeded $50 billion for the first time last month, the Wall Street bank said in a report Wednesday. The combined market cap of these mining stocks rose 43% month-on-month to $56 billion in September, the bank noted. The move was driven … Read more

Dogecoin steadied above key support as institutional flows anchored liquidity. Buyers repeatedly defended the $0.229–$0.230 floor while rejection volume capped upside at $0.234. A late-session push showed momentum building, but conviction remains tethered to whether DOGE can sustain closes beyond resistance. News Background DOGE advanced 1.6% between Sept. 30, 9:00 AM and Oct. 1, 8:00 … Read more

Beijing-based VisionSys AI (VSA), a publicly-traded firm dedicated to brain-machine interface technologies and artificial intelligence systems, unveiled Wednesday a $2 billion Solana (SOL) treasury strategy, joining a growing trend of listed companies pivoting to digital asset treasury plays. The initiative, led by VisionSys subsidiary Medintel Technology, is to begin with a plan to acquire and … 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 4138.75, up 3.5% (+140.63) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: NEAR (+7.6%) and APT (+7.0%). Laggards: BTC (+2.3%) and AVAX (+2.8%). The … Read more

The crypto market experienced a boost on Wednesday with majors bitcoin BTC and ether ETH rising 2.9% and 3.1% respectively. But the real story was in the altcoin market as several tokens rose by double-digits as investors speculate on another phase of “atlcoin season.” ZEC hit its highest point since May 2022 while a number … Read more

Paxos Labs and the Aleo Network Foundation are working to launch a U.S. dollar-pegged stablecoin that aims to preserve user privacy, and appeal to financial institutions, the companies said. Unveiled on Wednesday, the USAD token was built on Aleo’s zero-knowledge (ZK) layer 1 blockchain and issued through Paxos Labs, a regulated infrastructure provider that was … Read more

Strategy (MSTR) will post a profit for the second quarter in a row in the third quarter thanks to a rise in the price of bitcoin (BTC). That would again qualify the company for potential S&P 500 inclusion. According to Jeff Walton, Chief Risk Officer of Strive, Strategy will have earned about $2.9 billion, or … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) moved higher amid the U.S. government shutdown and its up roughly 3% in the last 24 hours to $116,400. The broader crypto market, as measured by the CoinDesk 20 index (CD20) rose 3.5%. Equities markets excluding the U.S. also moved higher, even as traders … Read more

Bitwise chief investment officer Matt Hougan said crypto’s critics often miss the scale of what’s at stake, in a report published Monday. Bitcoin (BTC), with a $2.3 trillion market value, is often compared to Amazon (AMZN), Hougan noted. But while Amazon’s worth comes from the fact that it’s used by millions every day, bitcoin’s value … Read more

SINGAPORE — By the time Token2049 reconvenes next year, today’s headline‑grabbing decentralized exchanges like Hyperliquid and Aster may no longer dominate, BitMEX CEO Stephan Lutz told CoinDesk in an interview, warning that their incentive‑heavy business models are too fragile to endure. Recently, a competitive battle has erupted in the perpetual decentralized exchange (perp DEX) sector, … Read more

The much-anticipated “Uptober” has arrived, and the momentum is already building on the very first day of the month. Bitcoin has broken through the $116,000 mark, climbing 2% in the past 24 hours and briefly reaching as high as $116,600. The rally is unfolding against a backdrop of a U.S. government shutdown and record-setting strength … Read more

CoinShares, the European digital asset manager with roughly $10 billion under management, said Wednesday it will acquire Financial Conduct Authority-regulated Bastion Asset Management. The financial details of the deal, which is subject to UK regulatory approval, were not disclosed in press materials. The move is intended to deepen CoinShares’ capabilities in actively managed crypto strategies … Read more

SINGAPORE – Institutional investors are quickly embracing CME’s futures for XRP (XRP) and solana (SOL), both launched earlier this year, alongside steady growth in bitcoin (BTC) and ether (ETH) derivatives, according to Tim McCourt, the exchange’s Global Head of Equity & FX Products. Speaking at the ongoing Token2049 conference attended by CoinDesk, McCourt stated that … Read more

Metaplanet (3350) is now the fourth largest Bitcoin treasury company, having acquired 5,288 BTC for $615.67 million at an average price of $116,870 per bitcoin. This acquisition brings its Bitcoin yield for 2025 to 497.1%, according to CEO Simon Gerovich. In total, Metaplanet holds 30,823 BTC, accumulated for $3.33 billion at an average price of … Read more

Crypto markets remained unchanged Monday and Tuesday after last week’s $1.5 billion liquidation flush, but traders remain cautious ahead of a critical run of U.S. economic data that could set the tone for October. Bitcoin bulls defended the $110,000 support level several times over the past week, while Ether clawed back from a sharp dip … Read more