HBAR saw sharp selling pressure in the final hour of trading on Sept. 16, erasing earlier gains. The token slipped from $0.237 to $0.235 between 13:15 and 14:14 UTC, a 1.05% decline, after hitting an intraday high of $0.2385. The move marked a reversal from the preceding 23-hour stretch, when HBAR had climbed steadily from … Read more
According to CoinDesk Data, Solana’s SOL traded at $232.11 as of 12:30 UTC on Sept. 16, holding relatively firm after a choppy day that saw prices test both the $230 and $238 levels. Analyst’s view Altcoin Sherpa, a widely followed trader, said earlier today on X that he sees SOL and BNB as stronger bets … Read more
BNB rose 1.4% in the past 24 hours as investors increased exposure to the cryptocurrency market. The BNB price climbed to $933.03 through a series of large-volume transactions that pierced technical resistance, according to CoinDesk Research’s technical analysis model. The increase, part of a broader move, reflects growing interest from market participants positioning themselves ahead … Read more
Google is taking a step toward merging artificial intelligence (AI) and digital money, rolling out a new open-source protocol that lets AI applications send and receive payments, which includes support for stablecoins, digital tokens pegged to fiat currencies such as the U.S. dollar, according to a press release. To incorporate stablecoin rails, Google teamed up … Read more
Swiss banking powerhouse UBS, crypto banking specialist Sygnum and PostFinance, a subsidiary company of the state-owned Swiss Post, successfully tested payments between institutions on Ethereum, according to a press release on Tuesday. The proof of concept, run under the Swiss Bankers Association, saw UBS, PostFinance, and Sygnum Bank carry out transactions using deposit tokens — … Read more
Ethereum is in the midst of a paradox. Even as ether hit record highs in late August, decentralized finance (DeFi) activity on Ethereum’s layer-1 (L1) looks muted compared to its peak in late 2021. Fees collected on mainnet in August were just $44 million, a 44% drop from the prior month. Meanwhile, layer-2 (L2) networks … 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 4267.12, up 0.7% (+27.81) since 4 p.m. ET on Monday. Eighteen of 20 assets is trading higher. Leaders: AVAX (+4.6%) and NEAR (+2.9%). Laggards: AAVE (-0.9%) and BCH (-0.2%). … Read more
The digital banking arm of Spanish financial giant Santander Group, Openbank, opened cryptocurrency trading for customers in Germany, with plans to add its home market in the next few weeks. The new service allows users to buy, sell and hold five popular cryptocurrencies: bitcoin (BTC), ether (ETH), litecoin (LTC), polygon (MATIC) and cardano (ADA), according … Read more
According to CoinDesk Data, ether (ETH) traded at $4,506, down 0.5% in the past 24-hour period, as of 12:24 UTC on Sept. 16, slipping slightly in the past 24 hours as traders debate whether this pullback will set up the next rally. Fundstrat’s view Mark Newton, Global Head of Technical Strategy at Fundstrat Global Advisors, … Read more
With the enactment of the GENIUS Act and passage of the CLARITY Act through the U.S. House of Representatives, the United States has reversed its hostile approach to the digital asset ecosystem. While the Biden Administration spent the past four years injecting uncertainty for digital asset users and innovators, other countries pursued different approaches. This … Read more
Blockchain venture studio Thesis*, has appointed Victoria Chan as its new chief operating officer, the company said in a press release Tuesday. The new appointment is part of a push to scale the company’s BitcoinFi ecosystem, and follows the launch of Mezo in May and Thesis’ acquisition of Bitcoin rewards platform Lolli last month. Chan, … Read more
The crypto industry is not just about ETFs and price surges; it’s also about tackling real-world market inefficiencies. The launch of Uranium.io’s near-real-time uranium pricing oracle is a prime example of that. Uranium.io, a platform tokenizing Uranium, unveiled its pricing oracle on Tuesday, aimed at addressing the price opacity issues in the uranium market. Unlike … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. A few days ago, CoinDesk highlighted three potential hurdles that could trip up bitcoin’s (BTC) march toward $120,000, one of which was the well-established bull fatigue zone above $116,000, in place since July. Sure enough, BTC’s recent bounce from lows around … Read more
The National Bureau for Counter Terror Financing of Israel (NBCTF) has published a list of 187 cryptocurrency addresses it says are linked to Iran’s Islamic Revolutionary Guard Corps (IRGC), a group sanctioned and designated as terrorist by the U.S., EU, U.K. and Canada. According to blockchain analytics firm Elliptic, those addresses collectively received $1.5 billion … Read more
The Avalanche Foundation appointed Chris Holmes, a Conservative member of the House of Lords and a longtime technology policy advocate, to its board of directors, the company said Tuesday. Holmes, who has been active in shaping legislation around emerging technologies, brings experience in governance, regulation and innovation, the company said. His appointment underscores the foundation’s … Read more
The biggest tokens traded sluggishly as traders awaited Wednesday’s Federal Reserve meeting. Solana’s sol (SOL) stood out with near-record open interest in the CME-listed futures. Privacy-focused monero (XMR) rose 6% over 24 hours, looking past the massive blockchain reorg that raised centralization concerns. Other gainers were IMX, up nearly 13%, AVAX, adding 6%, and HASH, … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Suddenly, it’s all about Ethereum rival Solana and its native token SOL as the broader market holds its breath ahead of Wednesday’s Federal Reserve rate decision. Michael Novogratz, the founder and CEO of Galaxy Investment, says Solana could evolve to become a settlement infrastructure in global … Read more
ORQO Group, a new institutional asset manager with $370 million in assets under management, has launched on Tuesday with plans to build out a yield platform for Ripple’s RLUSD stablecoin. The group, headquartered in Abu Dhabi, consolidates four entities from both traditional finance and digital assets: Mount TFI, a private debt specialist and licensed fund … Read more
Contrary to claims from the U.S. banking industry, stablecoins do not pose a risk to the financial system, according to the chief policy officer at crypto exchange Coinbase (COIN), Faryar Shirzad. Banks’ claims that they do are are myths crafted to defend their revenues, he wrote in a Tueday blog post. “The central claim — … Read more
Crypto Finance, a subsidiary of Deutsche Börse Group, unveiled AnchorNote, a system designed for institutional clients who want to trade digital assets without moving them out of regulated custody. The system integrates BridgePort, a network of crypto exchanges and custodians, enabling off-exchange settlement and connectivity to multiple trading venues. By keeping assets in custody while … Read more
It’s a risk-on environment, with stocks leading major cryptocurrencies higher, but Wall Street’s fear gauge, the VIX, is stirring up some nerves. On Monday, Wall Street’s benchmark index, the S&P 500, set a record high for the fourth consecutive trading day, reaching 6,519 points. The tech-heavy Nasdaq index also hit lifetime highs, and the Dow … 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. Bitcoin (BTC) traded just above $115k in Asia Tuesday morning, slipping … Read more
Wall Street giant Citigroup (C) has launched new ether (ETH) forecasts, calling for $4,300 by year-end, which would be a decline from the current $4,515. That’s the base case though. The bank’s full assessment is wide enough to drive an army regiment through, with the bull case being $6,400 and the bear case $2,200. The … Read more
Stellar’s XLM token endured sharp swings over the past 24 hours, tumbling 3% as institutional selling pressure dominated order books. The asset declined from $0.39 to $0.38 between September 14 at 15:00 and September 15 at 14:00, with trading volumes peaking at 101.32 million—nearly triple its 24-hour average. The heaviest liquidation struck during the morning … Read more
Hedera Hashgraph’s HBAR token endured steep losses over a volatile 24-hour window between September 14 and 15, falling 5% from $0.24 to $0.23. The token’s trading range expanded by $0.01 — a move often linked to outsized institutional activity — as heavy corporate selling overwhelmed support levels. The sharpest move came between 07:00 and 08:00 … Read more
The first exchange-traded fund (ETF) built around a meme coin could hit the market this week, after multiple delays and much speculation. The DOGE ETF — formally called the Rex Shares-Osprey Dogecoin ETF (DOJE) — was originally slated to debut last week, alongside a handful of politically themed and crypto-related ETFs. Those included funds tied … Read more
Robinhood (HOOD) is moving deeper into private markets with a new venture capital fund designed to give everyday investors access to companies before they go public. The company has filed with the Securities and Exchange Commission (SEC) an initial registration statement to launch Robinhood Ventures Fund I (RVI), a closed-end investment vehicle that aims to … Read more
Bitcoin (BTC) mining profitability declined 5% last month primarily becuase of an increase in the network hashrate, investment bank Jefferies said in a research report Sunday. “A hypothetical one EH/s fleet of BTC miners would have generated ~$55k/day in revenue during August, vs ~$58k/day in July and ~$44k a year ago,” wrote analysts led by … Read more
Market watchdogs in France, Austria and Italy want the European Union to tighten its approach to crypto regulation, warning that uneven enforcement of the bloc’s landmark MiCA legislation could leave investors exposed to risks that aren’t covered by the rules. In a joint statement, France’s Autorité des Marchés Financiers (AMF), Austria’s Finanzmarktaufsichtsbehörde (FMA) and Italy’s … Read more
Payments firm PayPal (PYPL) said it is expanding its peer-to-peer service by adding cryptocurrency transfers to its payment flow, the company announced on Monday. Users in the U.S. will soon be able to send bitcoin (BTC), ether (ETH), PayPal’s dollar stablecoin PYUSD and other digital assets across PayPal, Venmo and an increasing number of crypto-compatible … Read more