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
HBAR faced steady downward pressure over the past 23 hours, sliding from $0.25 to $0.24—a 3.38% decline. The token initially attempted to build momentum on September 18, reaching $0.25 by 20:00, but sellers quickly overwhelmed demand near that resistance level. Trading activity spiked at 19:00 with volumes topping 55.91 million, underscoring the intensity of selling. … Read more
Stellar’s XLM token slipped below key support in a bout of institutional selling, signaling broader market weakness. Between Sept. 18 at 15:00 and Sept. 19 at 14:00, XLM fell 3.58% from $0.40 to $0.39, with volumes surpassing the 24-hour average of 22.33 million tokens. Analysts pointed to concentrated selling during overnight sessions — traditionally dominated … Read more
The U.S. Securities and Exchange Commission (SEC) has cleared a path for a flood of new crypto exchange-traded products to hit the market, a move analysts say could reshape how money flows into digital assets. On Wednesday, the agency approved generic listing standards for “commodity-based trust shares” across regulated exchanges Nasdaq, Cboe BZX and NYSE … Read more
Markets take the escalator up and elevator down goes an old Wall Street shibboleth, and crypto is following that script this week, with several days of hard-earned gains more than wiped away in Friday trade. Nearly pushing through the $118,000 level at one point on Thursday after the Federal Reserve one day earlier trimmed interest … Read more
The U.S. Treasury Department is pushing forward with a narrow comment window on its preliminary, formal efforts to solidify the recently established stablecoin law into a set of regulations. This arm of President Donald Trump’s administration has opened what’s known as an “advance notice of proposed rulemaking” on Friday, which is an early step taken … Read more
The Bank of Japan (BOJ) spooked markets Friday by announcing it will begin unwinding its $250 billion in exchange traded funds (ETFs) and Japanese Real Estate Investment Trusts (JREITs), assets it accumulated since 2010 as part of its ultra-loose monetary policy. Under the plan, the central bank will sell ETFs with a book value of … Read more
Valour Digital Securities, a subsidiary of DeFi Technologies (DEFT), debuted its bitcoin (BTC) staking exchange-traded product (ETP) on the London Stock Exchange, expanding the reach of a product that started trading in Germany almost a year ago. The 1Valour Bitcoin Physical Staking (1VBS) product offers professional and institutional investors exposure to bitcoin with an additional … Read more
The $270 billion stablecoin sector has grown significantly but still accounts for less than 8% of crypto’s total market cap, a level it has held since 2020, according to a JPMorgan research note. That dynamic could turn the coming wave of U.S. stablecoin launches into a zero-sum contest, unless the crypto market itself expands significantly, … 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 4324.62, down 2.0% (-88.55) since 4 p.m. ET on Friday. One of 20 assets is trading higher. Leaders: NEAR (+0.1%) and AVAX (-1.0%) Laggards: SUI (-5.6%) and BCH (-4.7%). … Read more
Ethereum core developers have confirmed a tentative roadmap for the network’s next major upgrade, Fusaka, during Thursday’s All Core Developers Consensus (ACDC) call. The upgrade, designed to further scale the blockchain, is now scheduled for early December, with follow-up changes aimed at more than doubling blob capacity in the weeks after. Before the Fusaka upgrade … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The SEC, as market regulator, now couldn’t be more pro-crypto if it tried! On Thursday, a spot ETF tied to one of the least “serious” cryptocurrencies — dogecoin (DOGE) — debuted in the U.S. alongside payments-focused XRP. Unlike bitcoin (BTC), ether (ETH) and stablecoins, which act … Read more
Grvt (pronounced “gravity”), a decentralized exchange (DEX) focused on privacy in on-chain finance, has raised $19 million in Series A funding. The round was co-led by ZKsync, its foundational technology partner, along with Further Ventures, EigenCloud (formerly EigenLayer) and 500 Global, the company announced via email on Thursday. Built on the ZKsync Validium L2, Grvt … Read more
ARK Invest made an immediate splash on the latest publicly listed digital asset treasury company, buying just under $162 million worth of shares in Brera Holdings (BREA). The Nasdaq-listed sports club owner rebranded as Solmate as part of plans to build a digital asset treasury based on Solana’s sol (SOL) token, raising $300 million from … Read more
Online trading platform IG Group has acquired a majority stake in Australian cryptocurrency exchange Independent Reserve for 109.6 million Australian dollars ($72.4 million). The deal, the company said, aims to strengthen IG’s position in Asia-Pacific’s fast-growing crypto markets and complements its recent crypto rollouts in the U.K. and U.S. Independent Reserve is one of Australia’s … Read more
After seven months of inactivity, Michigan’s Bitcoin Reserve Bill, HB 4087, made progress Thursday by advancing to the second reading in the state House of Representatives. The bill, introduced in February, aims to establish a strategic bitcoin (BTC) reserve by authorizing the state treasury to invest up to 10% of its reserves in the largest … Read more
Bitcoin (BTC) traders continue to eye downside volatility, hedging their bullish exposure despite recent positive signals, such as the Federal Reserve’s rate cut, crypto derivatives exchange Deribit’s CEO Luuk Strijers told CoinDesk. Earlier this week, the U.S. Fed cut interest rates by 25 basis points and signaled an additional 50 basis points of easing expected … Read more
Spot exchange-traded funds (ETFs) tied to the payments-focused XRP (XRP) and the top meme token, dogecoin (DOGE), debuted in the U.S. on Thursday with a bang, drawing significant trading volume. The REX-Osprey XRP ETF, listed on the CBOE under the ticker XRPR, registered a trading volume of $37.7 million, marking the largest debut volume of … Read more
New comments from Solmate’s Marco Santori and two widely followed analysts put the focus on SOL’s $238 pivot and what would confirm higher prices. Marco Santori’s comments In an X thread, Santori, a former Kraken CLO, introduced Solmate, which he described as “brand new Solana infrastructure” for the UAE, adding that he will be CEO. … Read more
Payments firm PayPal’s (PYPL) U.S. dollar stablecoin is being introduced to nine more blockchains by interoperability protocol LayerZero (ZRO), expanding the token beyond the four blockchains — Ethereum, Solana, Arbitrum and Stellar — where it’s natively issued. LayerZero integrated PayPal USD (PYUSD), issued by fintech firm Paxos, into its Hydra Stargate system, creating a permissionless … Read more
Pure-play bitcoin (BTC) mining stocks are waking up from their slumber after lagging behind those pivoting to the red-hot data center business. Pure-play miners such as MARA Holdings (MARA) and CleanSpark (CLSK) surged 10% and 17% on Thursday, leading gains among the CoinShares Bitcoin Mining ETF members. There are two key factors that may be … Read more
Binance, the largest global crypto exchange, is still under the constraints of a massive, $4.3 billion U.S. enforcement action, though Senator Elizabeth Warren and other Democrats are asking the Trump administration about reports that it’s easing off on those orders. In 2023, the major digital assets platform agreed to settle with U.S. authorities for sanctions … Read more
Oracle network Chainlink’s (LINK) native token surged 6% over the past 24 hours crossing $24.5 on Thursday as crypto prices climbed higher with altcoins outperforming. The price action happened as large-cap altcoins led crypto markets higher in anticipation that spot-based ETFs could hit the market soon with the SEC approving general listing standards. That could … Read more
U.S.-listed cryptocurrency exchange Coinbase (COIN) has rolled out a USDC lending product that allows its customers to earn yield directly from the exchange’s app, deepening its integration with decentralized finance (DeFi). The feature is powered by Morpho, a protocol that routes deposits through curated “vaults” managed by Steakhouse Financial, according to a blogpost on Thursday … Read more
Stellar’s XLM demonstrated notable resilience during the 24-hour session from Sept. 17, 17:00 to Sept. 18, 16:00 (UTC), trading within a $0.02 corridor between $0.38 and $0.40. The asset showed a sharp recovery following early weakness, with strong volume-driven advances at $0.39 around 19:00 and again at $0.40 near 15:00. Transaction volumes of 40.04 million … Read more
NBA champion Tristan Thompson is teaming up with Improbable CEO Herman Narula and co-founder Hadi Teherany to roll out a new web3 experience designed to reinvent basketball fandom for the digital era. The project, named basketball.fun, will debut in October ahead of the NBA season and will attempt to gamify the way fans interact with … Read more
HBAR posted a strong 7% gain over the past 24 hours, climbing from $0.24 to $0.25 as trading volumes surged well above the daily average. The move was supported by heavy accumulation early in the session, where HBAR established a firm base around $0.23 before steadily advancing toward key resistance levels. Momentum accelerated during the … Read more
Shares of Gemini (GEMI), the crypto exchange founded by billionaire twins Cameron and Tyler Winklevoss, were trading under their IPO price of $28 on Thursday, changing hands at about $25.15. That marked a 2.5% gain on the day after the stock recouped earlier losses. The shares first broke below the IPO price on Wednesday. Gemini … Read more
The Royal Canadian Mounted Police (RCMP) have executed the country’s largest cryptocurrency seizure to date, recovering more than $56 million CAD in crypto from the exchange TradeOgre. The move not only marks a record seizure but also the first time Canadian police authorities have dismantled a cryptocurrency trading platform, the RCMP said in a press … Read more
