CoinDesk

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

A trader established bullish bets in major cryptocurrencies on Monday as the crypto market declined, liquidating leveraged positions worth $1.5 billion. An address labelled “0x50dE6ef4D11B263DC2e4547602E963355E17dC81” deployed $15 million in USDC on Hyperliquid, taking positions across bitcoin (BTC), solana (SOL), Hyperliquid’s HYPE (HYPE) token, and PUMP, according to blockchain sleuth Lookonchain. This sizable bet highlights how … Read more

Strategy (MSTR) continued to add to its bitcoin (BTC) stash last week, though it was a relatively small purchase. The company Monday said it bought another 850 BTC for $99.7 million, increasing its total holdings to 639,,825 coins. This purchase was made at an average price of $117,344 per bitcoin, lifting the company’s overall average … Read more

The cryptocurrency market wilted early Monday, with losses in bitcoin (BTC), ether (ETH) and other major cryptocurrencies triggering the liquidation of leveraged bets worth $1.5 billion. The decline followed a supposedly dovish Fed interest-rate cut, which was expected to send the dollar index lower and encourage more risk-taking in crypto markets. “In recent days, there … Read more

Crypto-related company stocks tumbled in pre-market trading on Monday as bitcoin (BTC) and several altcoins succumbed to unrelenting sell pressure, spurring $1.6 billion in liquidations across derivatives exchanges. Coinbase (COIN) is down by 3% in pre-market trading while Strategy (MSTR) slid by 2.3%. Mara Holdings (MARA) and Metaplanet (TYO: 3350) also lost more than 3%. … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Over the past 24 hours, the crypto market has experienced notable weakness, consistent with the bearish post-Fed pricing in options and resilience in the dollar index. Bitcoin (BTC) fell 2.6% to $112,700, while ether (ETH) slid more than 6%, CoinDesk data show. Broad market sentiment, seen … Read more

Gold, often seen as an analog for sound money, rose 1% on Monday to set another record high and bring its 2025 gain to 43%. The metal, now trading at $3,721, advanced about an hour after bitcoin (BTC), seen by some proponents as a digital form of sound money, posted a 24-hour drop of 3% … Read more

Real-world assets (RWA) focused project Midas and Interop Labs unveiled mXRP, an attempt to channel dormant XRP supply into yield-bearing structures the could deliver returns as high as 8%. Announced at XRPL Seoul 2025 on Monday and pitched as the first liquid-staking product tied directly to the XRP ecosystem, the product is minted on XRPL’s … Read more

Crypto traders saw more than $1.5 billion in bullish wagers liquidated on Monday, triggering a sharp sell-off that hit smaller tokens hardest. Ether, the second-largest token, slumped as much as 9% to $4,075 as nearly half a billion dollars of leveraged long positions were liquidated, according to data from Coinglass. It was recently 6% lower … Read more

The Federal Reserve is likely to take central focus again this week with several members, including Chair Jerome Powell, speaking at public events. On Friday, U.S. personal consumption expenditure (PCE) figures for August are published. The PCE index is closely watched by the Fed and feeds into its monetary policy decisions. Crypto exchange Coinbase is … Read more

Metaplanet (3350) has become the fifth largest corporate bitcoin (BTC) holder, overtaking Bullish (BLSH), after acquiring 5,419 BTC for $632.53 million at an average price of $116,724 per bitcoin. This purchase contributed to a year-to-date bitcoin yield of 395.1% for 2025. Metaplanet now holds a total of 25,555 BTC valued at approximately $2.71 billion, with … Read more

Bullish bitcoin (BTC) bets on Bitfinex, one of the longest-running crypto exchanges, have notably increased in recent weeks, presenting bearish dues for BTC’s price which has fallen below critical moving average support. Data from TradingView shows that BTC/USD long positions on Bitfinex have surged by 20% over the past three months, reaching 52,774 margin trading … Read more

Dogecoin endured a sharp overnight selloff, sliding from $0.27 to $0.25 during the September 21–22 session, as institutional traders offloaded positions on record volumes exceeding 2.15 billion tokens. The midnight rout carved through support levels and established fresh resistance zones, leaving DOGE consolidating around $0.25 as traders monitor for recovery or continuation lower. News Background … Read more

XRP endured a volatile 24-hour session from September 21 at 03:00 to September 22 at 02:00, swinging 3.46% between a $3.014 high and $2.910 low. The selloff coincided with the debut of the first U.S.-listed XRP ETF, which set records with $37.7 million in opening-day volume, but institutional profit-taking overwhelmed the bullish catalyst. News Background … Read more

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. DXY vs BTC Last week, the Federal Reserve (Fed) delivered its first interest rate rate cut since December, while signaling more easing in the coming months. Yet, despite this dovish move, the dollar index (DXY), which tracks the greenback’s value against … 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. On the streets of Bolivia, an advertisement for a bright green … Read more

Brian Armstrong, a co-founder and the CEO of Coinbase (COIN), said in an interview on Friday that Coinbase’s long-term goal is to be a financial “super app,” offering crypto alongside a broad range of financial services beyond traditional banking. Armstrong, speaking on Fox Business’ “The Claman Countdown,” told Liz Claman that momentum in Congress is … Read more

Gold has been one of the strongest performing assets in 2025, rising 38% year to date, outpacing bitcoin23% advance. It’s no secret, though, that bitcoin has done wildly better than gold (and pretty much everything else) over its short lifespan. A check of the two popular inflation-resistant assets against a broad measure of U.S. money … Read more

One of the most controversial features of President Donald Trump’s second term is his relentless criticism of Federal Reserve (Fed) Chair Jerome Powell for maintaining elevated interest rates – a stance Trump argues is unnecessarily costly to the American economy. But this is more than just rhetoric. Trump is aggressively attempting to undermine the Fed’s … Read more

Stablecoin adoption is gaining momentum among corporates and financial institutions driven by regulatory clarity and cost-savings in global money transfers, according to a survey by EY-Parthenon. Conducted with 350 executives in June after the Senate passed the GENIUS Act, the survey found that 13% of firms already use stablecoins, mainly for cross-border payments. Among those … Read more

YZi Labs, the family office founded by Binance co-founder Changpeng “CZ” Zhao and Yi He, which was rebranded from Binance Labs, has expanded its position in Ethena Labs, the protocol behind USDe, which has become the third-largest U.S. dollar-denominated crypto asset with more than $13 billion in circulation. The investment comes as Ethena enters a … Read more

Crypto, like the early days of the internet boom, is still in a “1996” phase with more room to grow, Jefferies analysts told large institutional investors in a client Q&A report. The investment bank, which launched full coverage of the digital assets sector in September, said it is getting strong and diverse interest from its … Read more

Kalshi is pulling ahead in the prediction market race, capturing a dominant share of trading volume even as competitors like Polymarket push into regulated U.S. territory. From Sept. 11 to 17, Kalshi accounted for 62% of total volume in the on-chain prediction market sector, according to data from Dune Analytics, while Polymarket’s stood at 37%. … Read more

The Internet Computer (ICP), a blockchain project that has sought to differentiate itself from rivals, is doubling down on its pitch as the go-to network for on-chain artificial intelligence (AI). This could be the beginning of a new tech stack – one in which AI, not humans, becomes the primary developer of applications, according to … Read more

Solana co-founder Anatoly Yakovenko warned that Bitcoin developers must act to prepare for a possible quantum computing breakthrough that could render the network’s current security measures obsolete. Speaking at the All-In Summit 2025, Yakovenko said there’s a “50/50” chance quantum computers will be powerful enough within five years to break the cryptographic protections securing Bitcoin … Read more

NBA forward Kevin Durant has access to his bitcoin again, after being locked out of his Coinbase account for nearly a decade. In that time, the price of BTC rose by more than 17,700%. “We got this fixed. Account recovery complete,” Coinbase CEO Brian Armstrong posted on X, responding to a viral tweet about Durant’s … Read more

Crypto custodian BitGo has filed its first public S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), planning to list Class A common stock on the New York Stock Exchange under the ticker BTGO. The filing provides a rare look at the company’s business scale. BitGo generated $4.19 billion in revenue in the … Read more

Bitcoin’s recent stretch of muted price action is a sign of strength, not weakness, according to Strategy (MSTR) Executive Chairman Michael Saylor. Speaking on an episode of Natalie Brunell’s “Coin Stories” podcast released Friday, Saylor argued that the market is in a consolidation phase as long-time holders sell portions of their stacks and institutions prepare … Read more

The U.S. Securities and Exchange Commission approved a change to how companies can list and trade shares of exchange-traded funds, which should streamline the process for new products moving forward. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The … Read more

FTX’s bankruptcy estate is set to release $1.6 billion of funds to creditors at the end of the month, marking the third major payout following the crypto exchange’s implosion nearly three years ago. The FTX Recovery Trust, which oversees the bankruptcy process, announced on Friday that payments will begin on September 30 for creditors who … Read more