The first exchange-traded funds (ETFs) offering exposure to XRP and dogecoin (DOGE) started trading in the U.S. on Thursday. Products offered by Rex Shares and Osprey Funds listed on the Cboe BZX exchange under the tickers DOJE and XRPR and follow Rex-Osprey Solana ETF, which debuted in July. DOJE was recently trading at $26.90 and … Read more
Plasma, a new blockchain built specifically for stablecoins, is set to flip the switch on its long-awaited mainnet beta next week, introducing the chain and its native token, XPL, on Sept. 25. According to a blog post from the team, the network will debut with more than $2 billion in stablecoin liquidity from over a … Read more
Strategy (MSTR) is approaching its 200 day simple moving average (200SMA), a widely followed technical indicator that smooths out price action by calculating the average closing price over the past 200 trading days. Traders often view it as a key marker for long-term trend direction. MSTR is currently trading just over $350, slightly below the … Read more
Brera Holdings (BREA), a Nasdaq-listed sports club owner, is the latest entrant into the growing Solana (SOL) digital asset treasury field raising $300 million to accumulate the token. Announced on Thursday, the firm secured backing from UAE-based Pulsar Group, Cathie Wood’s ARK Invest, RockawayX and the Solana Foundation in a private investment in public equity … Read more
Volatility in shiba inu’s (SHIB) dollar-denominated price has plummeted, while the token continues to lose ground against its peer, dogecoin (DOGE). SHIB’s 90-day realized volatility has dropped to an annualized 64%, the lowest since December 2023, according to data source TradingView. Realized volatility measures how much an asset’s price has actually fluctuated over a specific … Read more
Wall Street bank Citi (C) has raised its price target on Bullish (BLSH), the owner of CoinDesk, to $70 from $66 after the crypto exchange’s second quarter results came in slightly ahead of expectations. The long-anticipated NYDFS BitLicense approval removes a key regulatory overhang, strengthening investor confidence heading into FY 2026, Citi said. But the … Read more
The total amount of capital locked on decentralized finance (DeFi) protocols hit $170 billion on Thursday, a landmark figure as now all of the the losses from the 2022 Terra/LUNA ecosystem collapse and subsequent bear market have been erased. While Ethereum still commands the lion’s share of capital at 59%, newcomers including Coinbase-backed layer 2 … Read more
Nvidia (NVDA), the world’s largest public company by market cap, said it will invest $5 billion in Intel (INTC) and work with the chipmaker on developing custom data-center and PC products as artificial intelligence becomes more pervasive. The Santa Clara, California-based maker of the graphic processing units (GPUs) that underpin AI computing will buy shares … 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 4391.98, up 2.8% (+118.19) since 4 p.m. ET on Wednesday. All 20 assets are trading higher. Leaders: AVAX (+10.4%) and BCH (+7.8%) Laggards: FIL (+0.9%) and LTC (+0.9%). The … Read more
The chief investment officer of digital asset manager Arca is challenging the idea that 2025 represents a broad-based crypto bull market, arguing that only a handful of large-cap tokens are carrying the industry. In an X thread posted Tuesday, Jeff Dorman wrote that “more than 75% of tokens in our coverage universe are negative year-to-date, … Read more
Bitcoin’s (BTC) offshoot bitcoin cash (BCH) has rallied 7% to $647 in the past 24 hours, revisiting valuations last seen in April 2024, according to data source CoinDesk. The rally follows a period of extreme bearish market sentiment for the token, according to data tracking platform Santiment. “Historically, prices move in the opposite direction of … Read more
Major cryptocurrencies, including bitcoin (BTC), ether (ETH), XRP (XRP), solana (SOL) and others, are trading on the front foot following Wednesday’s interest-rate cut by the Federal Reserve. Still, some analysts are maintaining a cautious bias. “The Fed rate cut gave crypto a near-term lift, but the rally is not yet clean,” Timothy Misir, head of … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Major cryptocurrencies, including bitcoin (BTC), rose following the Federal Reserve’s long-anticipated 25 basis-point rate cut and hints of additional easing by the year-end despite Fed Chair Jerome Powell’s more hawkish tone at the following press conference. The CoinDesk 20 Index was recently up 3% over 24 … Read more
BNB, the token that powers the BNB Chain and can be used for fee discounts on leading exchange Binance, has crossed $1,000 for the first time ever amid a wider crypto market rise. The token jumped 4.5% over the last 24-hour period, climbing from $956.80 to a $1,004 all-time high and pushing its market cap … Read more
Traditional finance has long had a way of splitting capital from coupons, allowing investors to separate interest-payment flows from the principal. Now, a team of stablecoin and blockchain-based real-world asset (RWA) pioneers is doing the same for tokenized assets. A new startup, STBL, emulates TradFi’s zero-coupon strip structures by converting digital assets into a dollar-pegged … Read more
Australia’s Securities and Investments Commission (ASIC) said it plans to exempt stablecoin intermediaries from the requirement to hold a financial services license. The financial watchdog said it granted class relief for parties engaging in the distribution of a stablecoin from an existing licensed issuer in an announcement on Thursday. The exemption means the intermediaries do … Read more
Spot bitcoin (BTC) ETFs saw their first daily outflows in over a week on Wednesday, shedding a net $51.28 million, as investors reacted to the Federal Reserve’s unexpectedly cautious outlook on future policy. The outflow broke a seven-day streak that had brought in nearly $3 billion. Assets under management remain above $150 billion, according to … Read more
Analysts told CoinDesk early this week that major cryptocurrencies led by bitcoin would resume their slow grind higher following Wednesday’s Fed rate cut. That’s exactly what has happened since the Fed cut rates by 25 basis points to 4% late Wednesday. The central bank also hinted rapid easing in the next 12 months. Bitcoin (BTC), … Read more
DBS, Franklin Templeton, and Ripple have signed a Memorandum of Understanding (MOU) to collaborate on offering trading and lending solutions that leverage tokenized money market funds on the XRP Ledger blockchain and Ripple’s stablecoin, Ripple USD (RLUSD). The MoU will see Franklin Templeton tokenize its money market fund, Franklin on-chain U.S. dollar short-term money market … 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. Robinhood got all kinds of attention earlier this year when it … Read more
The U.S. Securities and Exchange Commission (SEC) on Wednesday approved a set of rules for exchanges to list exchange-traded products (ETPs) holding spot commodities, including cryptocurrencies, without requiring the agency’s individual review each time. With the decision, exchanges that meet the generic listing standards can bring commodity-based trust shares to the market directly, sidestepping the … Read more
XRP is drawing fresh attention from traditional finance as new products roll out in both securities and derivatives markets, broadening access points for exposure to the token. At the time of writing, according to CoinDesk Data, XRP was trading around $3.0263, down nearly 1% over the past 24 hours. On Sept. 18, REX Shares and … Read more
Bullish (BLSH), the owner of CoinDesk, earnings per share beat average analyst estimates, while expecting higher adjusted Ebitda for the next quarter. The crypto platform reported earnings per share (EPS) of $0.93 in the second quarter, beating the average analyst estimate of $0.03, according to FactSet data. Bullish also reported adjusted revenue of $57 million … Read more
Kraken, the cryptocurrency exchange preparing for a potential public listing in the U.S. early next year, has seen the departure of four senior executives from the institutional side of the business, according to a person familiar with the matter. Those who have recently left Kraken are: David Olsson, global head of institutional sales; Shannon Kurtas, … Read more
The Federal Reserve has returned to easing mode after ten months of taking a wait and see approach on the U.S. economy. In a widely expected move on Wednesday, the U.S. central bank cut its benchmark fed funds interest rate range by 25 basis points to 4%-4.25%, the lowest since December 2022. The Fed acknowledged … Read more
The digital asset market has entered a new phase, one that is more diverse and institutionally engaged than ever before. We are in an era where execution matters more than exposure; where performance hinges not on passive participation, but on how capital is deployed, risk is managed, and alpha is extracted across an increasingly fragmented … Read more
Stablecoins are the real success story in crypto. In the past six years, Stablecoins have quietly become indispensable. Since 2019, people have used stablecoins to move $264.5 trillion across 18 billion in transactions. Why? Stablecoins let you hold money onchain without having to worry about volatility, making them the easiest way to store value and … Read more
MoneyGram, the ubiquitous send and receive cash network for retail customers, has made U.S. dollar-pegged stablecoins and blockchain settlement rails the digital backbone of its revamped mobile app, the company said on Wednesday. Customers in the Latin American country of Colombia, where MoneyGram has an extensive retail network of over 6,000 locations, will be the … Read more
President Donald Trump’s top adviser on crypto, David Sacks, is working under a “special government employee” status that’s meant to be for officials serviing an important but temporary duty with the federal government, and Senator Elizabeth Warren penned a letter with other Democrats in Congress asking him whether he’s overstepped that window. Such an employee … Read more
Curve Finance founder Michael Egorov unveiled a proposal on the Curve DAO governance forum that would give the decentralized exchange’s token holders a more direct way to earn income. The protocol, called Yield Basis, aims to distribute sustainable returns to CRV holders who stake tokens to participate in governance votes, receiving veCRV tokens in exchange. … Read more