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 4062.43, up 1.1% (+45.95) since 4 p.m. ET on Monday. Nineteen of the 20 assets is trading higher. Leaders: AVAX (+8.9%) and NEAR (+5.9%). Laggards: BCH (-0.2%) and BTC … Read more
Crypto exchange OKX said it is offering 4.1% yields on USDG in weekly payouts, without staking lockups. OKX is responding to intensifying competition for stablecoin dominance, it said in an emailed announcement on Tuesday. USDG is minted by stablecoin issuer Paxos and is backed 1:1 by U.S. dollars. OKX joined the Global Dollar Network in … Read more
In 1993, the first exchange traded fund was launched. At the time, most of Wall Street shrugged. Mutual funds dominated, brokers reigned supreme, and the idea that investors would flock to a new wrapper for index exposure seemed far-fetched. Three decades later, ETFs have reshaped the way the world invests. 15,000 ETFs hold more than … Read more
The crypto market regained poise in the past 24 hours, with market leader bitcoin (BTC) defending support at $112,000. The leading cryptocurrency, however, continued to trade below it’s 50-day simple moving average, hinting at near-term price weakness. The broader market followed bitcoin’s lead, as the CoinDesk 20 Index rose over 1%. Decentralized AI operating system … Read more
Gold (XAU) has had a remarkable run this year, standing out among major assets, including bitcoin (BTC). But it’s not just gold – its precious counterparts silver, platinum, and palladium have also enjoyed strong gains, outperforming BTC. While gold’s price has surged by 44% to a record $3,784, silver has gained 53% to $44.32 per … Read more
Cloudburst Technologies said it closed a $7 million Series A funding round to develop its platform for off-chain crypto intelligence. Unlike most blockchain analytics firms that concentrate on on-chain activity, New York-based Cloudburst specializes in analyzing data sources such as chatrooms and regulatory filings to monitor fraud networks, illicit actors, scams and social sentiment. The … Read more
The 38th week of the year is historically the third-worst performing week for bitcoin, averaging a return of -2.25%. Only week 28 (-2.78%) and week 14 (-3.91%) have been weaker historically, according to Coinglass data. This week, bitcoin is already down nearly 2%, trading around $113,000, with September’s monthly options expiry pointing to a max … Read more
Fnality, a fintech firm building tokenized versions of major currencies collateralized by cash held at central banks, has raised $136 million in a Series C round to expand its blockchain-based wholesale payment systems, the London-based firm said Tuesday. The investment was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with existing … Read more
YZi Labs, the family office founded by Binance co-founder Changpeng “CZ” Zhao, may open up to external investors, the Financial Times reported on Tuesday. The $10 billion investment company, which was rebranded from Binance Labs, is open to the possibility of converting into an investment fund, head of YZi Labs Ella Zhang said in an … Read more
Boerse Stuttgart Digital, the crypto arm of the Stuttgart Stock Exchange Group, has entered the Spanish market with a new office in Madrid, the company said Tuesday. The move expands its European footprint to eight hubs, including Frankfurt, Zurich and Milan. The company, which earlier this year received the first Europe-wide MiCAR license from Germany’s … Read more
Hyperliquid, once the uncontested leader in the on-chain perpetuals market, is fast ceding ground to emerging platforms such as Lighter and Aster. At one point in May, Hyperliquid accounted for 71% of the on-chain crypto perpetuals market. That number now stands at 38%, according to pseudonymous Dune Analytics user @uwusanauwu. Meanwhile, competitors such as a16z-backed … Read more
Societe Generale-FORGE (SG-FORGE), the cryptocurrency-focused subsidiary of the French bank, has chosen the European arm of crypto exchange Bullish as the first venue to list the lender’s USD CoinVertible (USDCV) stablecoin. The dollar-denominated USDCV stablecoin, which SG Forge introduced on Ethereum and Solana back in June of this year, will list on Bullish Europe, the … Read more
As bitcoin’s [BTC] recent sell-off accelerates, analysts are focusing on three critical price support levels that could shape the cryptocurrency’s near-term trajectory. The first key level is $112,000, identified by Swissblock Technologies. “As long as $112,000 holds and the Risk stays stable, BTC can rebuild strength,” Swissblock noted on X. The firm’s proprietary Bitcoin Risk … Read more
SEOUL, South Korea: World Liberty Financial will roll out a debit card and retail application “very soon,” co-founder Zak Folkman said during a panel at the ongoing Korea Blockchain Week 2025. The products are pitched as a way to plug the project’s stablecoin USD1 into everyday payments, including Apple Pay integration. The retail app is … Read more
XRP collapsed in one of its heaviest trading days of 2025, tumbling nearly 5% as institutions unloaded into the REX-Osprey ETF debut. The sell-the-news dynamic erased $11 billion in market value and left the token fighting to defend critical $2.77 support. News Background • Inaugural U.S. XRP ETF (REX-Osprey) posted record $37.7 million first-day volume, … 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. Korean Air has signed a research agreement with Stockholm-based Wingbits to … Read more
Bitcoin mining company CleanSpark (CLSK) has secured a new $100 million credit facility with Coinbase Prime, giving it access to fresh capital without selling its bitcoin holdings or raising equity. The shares rose nearly 6% in post-market trading, after the announcement on Monday. The mining company will use the proceeds for strategic capital expenditures, including … Read more
The U.S. and U.K. have established a joint Transatlantic Taskforce aimed at strengthening cooperation on capital markets and digital assets. The task force, announced on Sep. 22 by U.K. Chancellor of the Exchequer Rachel Reeves and U.S. Treasury Secretary Scott Bessent, will bring together officials from HM Treasury, the U.S. Treasury and market regulators across … Read more
Shiba inu (SHIB), the world’s second-largest meme token by market value, dropped sharply along with the broader market, triggering a bearish price pattern. However, the token has outperformed its peer dogecoin (DOGE). Prices declined 5% from $0.000012888 to $0.000012188 over the 24 hours, crowding out over $1 million in leveraged bets, most of which were … Read more
HBAR experienced a sharp downturn over a 23-hour trading window between September 21 and 22, as the token tumbled from $0.24 to $0.22. The 6.29% decline was accompanied by a dramatic expansion in volatility, with trading ranges reaching 9.7%—well above monthly averages. Market pressure intensified as institutional sellers drove prices lower, establishing firm resistance around … Read more
AgriFORCE Growing Systems (AGRI) is rebranding as AVAX One and launching a $550 million capital raise to become the first Nasdaq-listed company focused on acquiring avalanche (AVAX), the native token of the Avalanche blockchain, the company said in a press release Monday. Anthony Scaramucci, founder of investment firm Skybridge Capital, and a long-term advocate of … Read more
BitMine Immersion Technologies (BMNR), chaired by Tom Lee, said Monday it now controls more than 2% of ether’s supply and raised $365 million to expand its holdings. The company announced this morning that its treasury, valued at $11.4 billion as of Sept. 21, consists of 2,416,054 ETH at $4,497 per token, 192 bitcoin (BTC), $345 … Read more
PayPal Ventures has invested in Stable to bring PayPal USD (PYUSD) to Stablechain, aiming to expand its distribution and make global payments faster and cheaper, according to a blog post Monday. Stable’s blockchain, built for stablecoin transactions with sub-second finality and low fees, is designed to fix the infrastructure issues that have slowed adoption, the … Read more
Arthur Hayes, the BitMEX co-founder who now runs crypto venture fund Maelstrom, sold his personal stash of Hyperliquid’s HYPE tokens just weeks after predicting the asset could rally 126-fold. Ferrari jokes and blockchain receipts Blockchain analytics service Lookonchain reported on Sunday that Hayes unloaded 96,628 HYPE — worth about $5.1 million — booking a profit … Read more
Plasma has launched Plasma One, the first neobank built entirely around stablecoins, aiming to make saving, spending, and earning in digital dollars seamless, the company said in a press release Monday. The platform is designed to fix what the company calls a broken user experience for stablecoin holders, who often face clunky interfaces, limited local … 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 4042.07, down 5.4% (-229.32) since 4 p.m. ET on Friday. None of the 20 assets is trading higher. Leaders: BTC (-2.3%) and BCH (-5.1%). Laggards: UNI (-10.4%) and AAVE … Read more
Bitcoin (BTC) is on track to join gold as a recognized reserve asset within the decade, German lender Deutsche Bank (DBK) said in a report Monday, though the precious metal will likely keep its lead in official holdings for now. The U.S. dollar still makes up 57% of global reserves, the report noted, but signs … Read more
With valuations of crypto treasury companies headed very quickly south in recent weeks, sector consolidation seemed a certainty at some point, with the only question being when it would start. It has. Stive (ASST) has agreed to buy Semler Scientific (SMLR) in an all-stock deal that represents a 210% premium, or $90.52 per share, based … Read more
IREN (IREN) jumped 11% in pre-market trading to $43 after the company announced it has doubled its AI Cloud capacity to 23,000 GPUs, lifting its annualized run-rate revenue target to more than $500 million by Q1 of 2026. The company invested about $674 million in 7,100 NVIDIA B300s, 4,200 NVIDIA B200s and 1,100 AMD MI350Xs. … Read more
China’s securities regulator has told some brokerages to pause their real-world asset (RWA) tokenization businesses in Hong Kong, Reuters reported on Monday. At least two brokerages have been advised not to conduct any RWA business offshore, according to the report, citing sources familiar with the matter. The guidance is aimed at strengthening risk management among … Read more