CoinDesk

XLM rebounded strongly after facing overnight selling pressure, with the token climbing back above $0.39 during European trading hours on Tuesday. The move followed a sharp dip that saw the asset fall from $0.39 at 2 a.m. UTC to $0.38 by 4 a.m., marking the session’s steepest decline. Elevated trading activity around the $0.38 level … Read more

HBAR spent much of the past 23 hours locked in a narrow range, oscillating between $0.23 and $0.24 in what amounted to just 2% volatility. The token briefly touched session highs at $0.24 on Sept. 16 around 18:00 UTC before sliding lower, ultimately finding repeated support near $0.23. Multiple rebound attempts from that level throughout … Read more

Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Ethereum Faces Validator Bottleneck With 2.5M ETH Awaiting Exit Is Ethereum’s DeFi Future on L2s? Liquidity, Innovation Say Perhaps Yes Ethereum Foundation Starts New AI Team to Support Agentic … Read more

Shares of Bullish (BLSH) rose 5% to $53.12 on Tuesday after the crypto platform secured a BitLicense from the New York State Department of Financial Services, a crucial regulatory approval that opens the door to offering spot trading and custody services to institutional clients in New York. With the license, Bullish’s U.S. arm — Bullish … Read more

The price of BNB rose nearly 3% over the last 24 hours after Bloomberg reported that Binance is moving toward a potential deal that would end a a key compliance requirement from the exchange’s 2023 settlement with the U.S. Department of Justice. BNB, which offers discounted trading fees on the exchange, was recently trading near … Read more

Bitcoin traded at $116,236 as of 14:04 UTC on Sept. 17, up about 1% in the past 24 hours, holding above a key level as markets await the Federal Reserve’s policy announcement. Analysts’ comments Dean Crypto Trades noted on X that bitcoin is only about 7% above its post-election local peak, while the S&P 500 … Read more

Layer-1 network Mavryk said it raised $10 million in a strategic investment led by financial derivatives provider MultiBank Group to expand its real-world asset (RWA) tokenization plans. Mavryk Network and MultiBank have an existing partnership to tokenize over $10 billion worth of real estate in the United Arab Emirates through the latter’s RWA platform. The … Read more

Forward Industries (FORD), a publicly-traded design and manufacturing firm that’s building out a solana (SOL) treasury, has filed a $4 billion at-the-market (ATM) equity offering program with the SEC. The company will use any funds raised for working capital, business expansion and to bolster its SOL holdings, according to an announcement on Wednesday. The offering … 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 4266.45, down 0.5% (-21.06) since 4 p.m. ET on Tuesday. Two of 20 assets are trading higher. Leaders: ETH (+0.3%) and NEAR (+0.0%). Laggards: FIL (-3.3%) and LINK (-2.6%). … Read more

Ava Labs, the main developer firm behind the Avalanche blockchain, shared Wednesday that it had appointed Arielle Pennington as their senior vice president of growth. The news comes as Avalanche pushes a wave of institutional adoption, including large tokenization projects, such as SkyBridge’s $300 million hedge fund tokenization on AVAX, and surging real-world assets demand. … Read more

Healthy competition drives innovation and better products for consumers; it is at the center of American economic leadership. Unfortunately, now that the bipartisan GENIUS Act has been signed into law, major legacy financial institutions seem to be having second thoughts about the innovations that stablecoins can bring to financial markets. Bank lobbying groups and public … Read more

Bullish (BLSH), the parent company of CoinDesk, has secured a coveted BitLicense from the New York State Department of Financial Services (NYDFS), a key regulatory approval that will allow the institutional digital asset platform to offer spot trading and custody services to customers in New York, the company said in a press release on Wednesday. … Read more

Bitcoin (BTC) rose to its highest point since Aug. 22 on Wednesday, reaching $117,300 before receding to $116,400. Much of Wednesday’s excitement is yet to come, hinging on the Federal Reserve’s interest-rate decision at 18:00 UTC and subsequent press conference. The Fed is expected to cut rates by 25 basis points, The early move was … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Global markets are treading water as investors wait on the Federal Reserve’s latest policy move, coming later today. It’s almost a given the Fed will cut interest rates by 25 basis points. Traders will instead focus on Chair Jerome Powell for signs on future policy. The … Read more

Metaplanet (3350), the largest bitcoin (BTC) treasury company in Japan, said it established two subsidiaries — one in Japan and one in the U.S. — and bought the bitcoin.jp domain name as it strengthens its commitment to the largest cryptocurrency. Bitcoin Japan Inc., will be based in Tokyo and manage a suite of bitcoin-linked media, … Read more

Crypto custody provider BitGo said it secured approval from Germany’s financial regulator, BaFin, to expand into regulated crypto trading. The license extension allows Frankfurt-based BitGo Europe to offer both over-the-counter trading and an electronic trading platform for thousands of digital assets and stablecoins, the firm said in a Wednesday press release. Earlier this year, BitGo … Read more

The U.K.’s Financial Conduct Authority (FCA) has plans to waive some of its rules for cryptocurrency companies, according to a Financial Times (FT) report on Wednesday. However, in another areas the FCA intends to tighten the rules where they pertain to industry-specific risks, such as cyber attacks. The financial watchdog wishes to adapt its existing … Read more

Crypto custodian Hex Trust has integrated custody and staking support for stETH, the liquid staking token issued by Lido that represents nearly a quarter of all staked ether. The move allows institutional clients to stake ETH and manage stETH directly from Hex Trust’s custody platform, combining staking rewards with secure, regulated infrastructure. Institutional investors often … Read more

21Shares is launching two new crypto exchange-traded products (ETPs), bringing its total offerings in Europe to 50 ETPs. The new listings include the 21Shares Artificial Superintelligence Alliance ETP (AFET), which tracks a group of decentralized AI protocols, including Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS, and the 21Shares Raydium ETP (ARAY). ARAY offers exposure to Solana-based … Read more

While much of the attention from the crypto and traditional markets remains on the U.S., a recent analysis by a leading economist suggests it’s time to look east. Japan is teetering on the edge of a debt crisis, but a potential recession in the U.S. could provide the land of the rising sun a temporary … Read more

Dogecoin’s (DOGE) dour price action this week has activated bargain hunters. The largest meme token by market value, Dogecoin, has dropped nearly 5% to 26 cents, according to data from CoinDesk. However, institutional investors are seizing the opportunity, snapping up 680 million DOGE tokens amid the price dip. This flurry of accumulation comes as regulatory … 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. Polymarket and CME FedWatch are aligned: the Fed’s easing cycle begins … Read more

Sui (SUI) rose nearly 4% over the past 24 hours after being selected as a launch partner for Google’s new Agentic Payments Protocol (AP2), a standard designed to let AI agents conduct financial transactions for users. The token’s move from $3.509 to $3.622 marked a 3.22% gain, with trading spanning a $0.183 range. By contrast, … Read more

Ethereum’s proof-of-stake system is facing its largest test yet. As of mid-September, roughly 2.5 million ETH — valued at roughly $11.25 billion — is waiting to leave the validator set, according to validator queue dashboards. The backlog pushed exit wait times to more than 46 days on Monday, the longest in Ethereum’s short staking history, … Read more

Galaxy Digital (GLXY), the digital asset investment firm led by Mike Novogratz, is planning to release a tokenized money-market fund, according to two people familiar with the plan. The New York City-based company is aiming to bring a more crypto-native twist to the range of traditional finance-led tokenized fund offerings, such as BlackRock’s BUIDL and … Read more

Blockchain-based real world asset (RWA) specialists Centrifuge and Plume have launched the Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX), backed by a $50 million anchor investment from Grove, a credit infrastructure protocol within the Sky Ecosystem. The fund gives blockchain investors exposure to Apollo’s diversified global credit strategy, spanning direct corporate lending, asset-backed lending and … Read more

Stellar’s XLM token saw sharp volatility over the past 23 hours, swinging between $0.38 and $0.39 in a tight but active trading range. The token’s most explosive move came between 08:00–09:00 UTC, when XLM spiked from $0.38 to $0.39 on surging volume of 70 million—more than triple its 24-hour average. Trading momentum carried through the … Read more

It was a big moment for U.S. crypto when the House of Representatives cleared the Digital Asset Market Clarity Act that would set the regulatory stage for the industry. But before the dust settled on that eye-popping 308-122 vote, the Senate was working on a separate but similar bill that will almost certainly steal the … Read more

Crypto trading firm Keyrock said it’s expanding into asset and wealth management by acquiring Turing Capital, a Luxembourg-registered alternative investment fund manager. The deal, announced on Tuesday, marks the launch of Keyrock’s Asset and Wealth Management division, a new business unit dedicated to institutional clients and private investors. Keyrock, founded in Brussels, Belgium and best … Read more

Gemini Space Station (GEMI), the crypto exchange founded by Cameron and Tyler Winklevoss, has seen its shares tumble by more than 20% since listing on the Nasdaq last Friday. The stock is down around 6% on Tuesday, trading at $30.42, and has dropped nearly 24% over the past week. The sharp decline follows an initial … Read more