Stellar’s native token XLM posted a strong rally over the past 24 hours, climbing 3.7% from $0.36 to $0.37 on heavy trading activity. The move was fueled by two distinct breakout phases: an evening surge on September 28 at 22:00 that carried prices to $0.37 on volume nearly double the daily average, followed by a … Read more
In a bold shift for Solana’s (SOL) scaling roadmap, Jump Crypto’s Firedancer development team has submitted a proposal, known as SIMD-0370, that would remove the block-level compute unit limit. The change, which the team suggested would be implemented following the deployment of the Alpenglow upgrade, could unlock a new regime of throughput by letting block … Read more
Bitcoin (BTC) traders are once again placing bold bets on perpetual futures, undeterred by recent volatility that triggered a significant unwind of leveraged long positions. Singapore-based QCP Capital reported on Monday that open interest in perpetuals (futures with no expiration) is increasing, along with funding rates across major centralized and decentralized exchanges, signaling a strong … Read more
HBAR displayed notable resilience in the past 24-hour trading window, oscillating within a narrow range of $0.2104 to $0.2172. The most significant movement emerged late on Sept. 28, when the token surged from $0.2139 to $0.2168 on volume nearly double the daily average. This sharp rise established clear resistance near $0.2172 as trading activity spiked … Read more
Market activity is likely to be overshadowed by Friday’s monthly U.S. employment figures, with nonfarm payrolls forecast set to increase by 39,000. The figure, seen as a barometer of the health of the world’s largest economy, is one of the most closely watched economic statistics. In the meantime, long-suffering creditors of bankrupt crypto exchange FTX, … Read more
A sharp rally which began late in the weekend continued into U.S. Monday morning trading hours, with bitcoin (BTC) re-taking the $114,000 after having tumbled below $109,000 last Friday. The move suggests crypto traders are responding to the same macroeconomic factors — namely lower interest rates across the West — that’s been driving gold and … Read more
The Algorand Foundation has tapped Nikolaos Bougalis, a veteran cryptographer and former Ripple engineering lead, as its new chief technology officer, the company said in a press release Monday. Bougalis, who spent nearly a decade guiding development of the open-source XRP Ledger, will lead Algorand’s engineering efforts and help advance its 2025 technical roadmap. Algorand’s … Read more
Investment firm DL Holdings (1709) said it agreed to spend a total of HK$320 million ($41 million) on bitcoin mining rigs from Bitmain as it aims to become Hong Kong’s largest publicly traded bitcoin miner within two years. The 2,995 Antminer S21 hydro-cooled machines will be installed in data centers in Oman and Paraguay, the … Read more
When French President Emmanuel Macron and German Chancellor Friedrich Merz recently unveiled their joint economic agenda at the Franco-German Council of Ministers, one proposal stood out: pursuing collaboration and equivalence regimes with third countries in the field of crypto-asset regulation. It was a recognition that digital money, like data, does not stop at borders. And … Read more
Cipher Mining (CIFR) just delivered one of the most consequential weeks in its history, announcing a major AI hosting deal for its Barber Lake facility and a $1.1 billion convertible note offering, moves that together may redefine the company’s trajectory, broker Canaccord Genuity said in a report on Monday. Canaccord reiterated its buy rating on … 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 3969.18, up 2.2% (+86.07) since 4 p.m. ET on Friday. Sixteen of the 20 assets are trading higher. Leaders: APT (+4.1%) and SOL (+2.9%). Laggards: FIL (-0.6%) and NEAR … Read more
Decentralized oracle network Chainlink is working with 24 of the world’s largest financial institutions to overhaul how corporate actions, such as dividends, stock splits, and mergers, are processed across global markets. Chainlink ran a pilot with SWIFT, DTCC, Euroclear and six other financial institutions. It leveraged a combination of its blockchain-based and artificial intelligence (AI) … Read more
Chainlink could become a foundational layer for traditional finance as capital markets increasingly embrace blockchain infrastructure, according to a report from investment bank Jefferies following a call with Chainlink co-founder Sergey Nazarov. The decentralized oracle network connects smart contracts to real-world data and off-chain systems, enabling advanced use cases like tokenized asset settlement, parametric insurance … Read more
BitMine Immersion Technologies (BMNR) ether (ETH) holdings rose to 2.65 million tokens, the company announced in a Sunday evening (U.S. hours) press release. That amount would be more than 2% of the total ETH supply, said the company. Combined with 192 BTC, $157 million in “moonshot” equities, and $436 million in unencumbered cash, the company’s … Read more
Strategy (MSTR) announced on Monday that it purchased 196 BTC for $22.1 million, bringing its total holdings to 640,031 BTC. The latest purchase was made at an average price of $113,048 per bitcoin, raising the company’s overall average purchase price to $73,983. The acquisition was funded through the issuance of common stock via an at-the-market … Read more
October is the month in which bitcoin, on average, posts its best returns.
Analyst James Check and Unchained produced a report on the current bitcoin BTC market landscape, with the most interesting takeaway being the rise of the bitcoin exchange-traded funds (ETFs) specifically the success of iShares Bitcoin Trust (IBIT) and the options market that now underpins the product. The report opens with a quote saying: “Options are … Read more
By James Van Straten (All times ET unless indicated otherwise) Bitcoin (BTC), up 2.5% in the past 24 hours, has created a CME futures gap between $110,000 and $111,335. That’s the difference between its prices when the CME market closed for the week on Friday and reopened on Sunday. Ether (ETH) is showing a similar … Read more
Quatrefoil Data Services, a firm on a mission to provide institutional-grade benchmarks for digital assets, starting with a reference rate for Ethereum staking, has rolled out operations, the firm said on Monday Its flagship product, the Composite Ether Staking Rate (CESR), measures yields from Ethereum validators and is designed to function as crypto’s equivalent of … Read more
AllUnity, a German regulated e-money institution backed by DWS, Flow Traders, and Galaxy, and issuer of the EURAU euro stablecoin, has partnered with Privy, the crypto wallet infrastructure firm owned by Stripe. The move enables fintechs, e-commerce platforms, and enterprises to embed EURAU wallets directly into their applications. Users could then pay, receive, or hold … Read more
Global traditional finance (TradFi) payments system SWIFT said it is adding a blockchain-based ledger to its network. SWIFT is working with a group of over 30 financial institutions to build a ledger that could make cross-border payments 24/7, based on a prototype by Ethereum developers Consensys, according to an announcement on Monday. “The ledger will … Read more
One of Europe’s most valuable startups, Revolut, is exploring a dual listing in London and New York for its blockbuster initial public offering (IPO), the Sunday Times reported, citing a “senior City source.” If it were to proceed, the move could mark the first time a company simultaneously lists in New York and joins London’s … Read more
Crypto credit firm Maple Finance and Elwood Technologies are joining forces to make it easier for large financial institutions to enter digital asset credit markets. The companies announced Monday that Maple’s on-chain lending and asset management platform will link up with Elwood’s execution, portfolio management, and risk tools. Maple, founded in 2021, specializes in structured … Read more
The world of Digital Asset Treasury (DATs) has entered a new era, after Strive (ASST) announced an all-stock deal to acquire Semler Scientific (SMLR) this week. The deal marked the first merger of two publicly traded bitcoin treasuries, and according to a Wall Street banker familiar with the situation, this is just the start of … Read more
Analysts mapped a slow-grind path for bitcoin and flagged $112,000 as the trigger while gold advocate Peter Schiff revived the gold-versus-bitcoin debate by challenging Michael Saylor’s BTC treasury bet for his firm. CoinDesk Senior Analyst James van Straten said bitcoin’s market structure has shifted alongside gold’s repricing. He expects a slow, stair-step advance supported by … Read more
Stablecoin giants like Tether and Circle are profiting from the current high-interest rate environment while stablecoin holders see none of the returns, said Wormhole’s co-founder, Dan Reecer, at Mercado Bitcoin’s DAC 2025 event. Speaking as a panelist, he said the companies are effectively “printing money” by keeping the yield from the U.S. Treasuries backing their … Read more
Crypto treasury firms that stockpile tokens could evolve from speculative wrappers into long-run economic engines for blockchains, argues Syncracy Capital co-founder Ryan Watkins. Digital asset treasury (DAT) firms are publicly traded companies that raise capital to acquire and manage crypto on their balance sheets. In a Sept. 23 blog post and an accompanying thread on … Read more
Strive Asset Management (ASST) has acquired Semler Scientific (SMLR) in an all-stock deal. While historic, the move also drew attention to what may be a problem for investors valuing bitcoin treasury firms. The acquisition was the first-ever merger between two Digital Asset Treasuries (DATs) holding bitcoin, giving the combined company control of more than 10,900 … Read more
James Wynn, the pseudonymous trader behind a billion-dollar bitcoin (BTC) bet earlier this year, is back. This time, Wynn is making a leveraged play on ASTER just days after being liquidated on the same token. Wynn has opened a new 3x leveraged long on ASTER, the native token of the emerging Aster perpetuals exchange, worth … Read more
Bitcoin (BTC) just ended what is historically the largest cryptocurrency’s third-worst week of the year with a greater-than-average drop of 5%. Week 38 effectively closes out the third quarter, which is up about 1%, as well as September, which has managed to hold flat. While the figures are consistent with the period’s historical reputation as … Read more