Layer 2 network Base is exploring issuing a native network token, according to the network’s creator Jesse Pollak. “We’re going to be exploring a network token,” Pollak said at the BaseCamp event on Monday. “I will be up front with y’all, it’s early,” he added as he tapered expectations on when a token would be … Read more
Crypto-focused financial technology company MoonPay is set to acquire payments startup Meso. The acquisition, first reported by Bloomberg on Monday, was confirmed by MoonPay in a post on X. No financial details of the acquisition nor an estimated timeframe were provided. “We’re excited to share that MoonPay has acquired Meso to help us build crypto’s … Read more
Cryptocurrency lending platform Maple Finance has deployed syrupUSDT on Plasma, a payments-focused blockchain backed by Tether, in its first major move to expand the product beyond Ethereum. Starting tomorrow, users will be able to deposit the token into a Midas-hosted vault that offers yield while distributing rewards tied to Plasma’s upcoming mainnet launch and token … Read more
Meme-inspired cryptocurrency PEPE has lost nearly 6% of its value in the last 24-hour period, sliding to a $0.0000107 low even as large investors accumulate. Trading volumes for the cryptocurrency surged into the trillions of tokens amid the drop, as the token kept failing to find support amid the intense selling pressure. The drop came … Read more
Digital asset treasuries (DATs), publicly traded firms that hold crypto on their balance sheets, have been hit hard in recent weeks as their market NAVs (mNAVs) slid below 1, Standard Chartered’s Geoff Kendrick said in a new report. Looking ahead, ether (ETH) DATs appear to have the most staying power thanks to staking yield, regulatory … Read more
The Ethereum Foundation (EF) is creating a dedicated artificial intelligence (AI) group to make Ethereum the settlement and coordination layer for what it calls the “machine economy,” according to research scientist Davide Crapis. Crapis, who announced the initiative Monday on X, said the new dAI Team will pursue two priorities: enabling AI agents to pay … Read more
Investment bank KBW initiated coverage of Bullish (BLSH), CoinDesk’s owner, with a market perform rating and a $55 price target, calling the stock a rare public play on a highly regulated, institution-first crypto exchange. The bank sees near-term U.S. expansion as a catalyst for growth, with Bullish’s differentiated tech stack, competitive fees and deep liquidity … Read more
BitMine Immersion Technologies (BMNR), the digital asset treasury company focused on Ethereum’s ether (ETH) and helmed by Fundstrat’s Tom Lee, said its crypto, cash and equity holdings hit $10.77 billion. As of Sunday, the Las Vegas-based firm held 2,151,676 ETH, adding 82,233 tokens to its stash last week, according to a Monday press release. It … Read more
CoreWeave (CRWV) were higher by about 5% in early U.S. trading Monday after the cloud computing company entered into a $6.3 billion deal with Nvidia (NVDA) to guarantee use of its excess server capacity, according to a filing with the Securities and Exchange Commission. Under the agreement, Nvidia will buy any unused computing resources from … Read more
Advertising in crypto has often tried to sell a revolution. “If everything is fine, don’t change anything” says the latest Coinbase TV commercial, as Britain crumbles in the background. Larry David’s FTX ad compared crypto to the invention of the wheel, though his character wasn’t convinced. But even campaigns that aren’t so provocative are still … 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 4248.74, down 2.5% (-109.09) since 4 p.m. ET on Monday. One of 20 assets is trading higher. Leaders: AVAX (+0.6%) and BCH (-0.8%). Laggards: UNI (-9.9%) and LINK (-7.0%). … Read more
Helius Medical Technologies (HSDT) announced on Monday it’s raising more than $500 million in a private financing round to create a Solana-focused treasury company. The vehicle will hold SOL, the native token of the Solana blockchain, as its reserve asset and aims to expand to more than $1.25 billion via stock warrants tied to the … Read more
American Express has introduced Ethereum-based ‘travel stamps’ to create a commemorative record of travel experiences, as part of the firm’s revamped travel app. The travel experience tokens, which are technically NFTs (ERC 721 tokens), are minted and stored on Coinbase’s Base network, said Colin Marlowe , VP, Emerging Partnerships at Amex Digital Labs. The travel … Read more
Boundless, the zero-knowledge (ZK) compute marketplace incubated by RISC Zero, has officially launched its Mainnet on Base, giving every blockchain access to verifiable compute. The milestone builds on the network’s incentivized testnet, which went live in July and stress-tested Boundless’ architecture under real-world conditions. During that Beta phase, Boundless operated like a decentralized marketplace where … Read more
If you’re wondering why bitcoin’s (BTC) price is slipping for the past two hours, the possible culprit is pre-market trading on Wall Street, where shares of Nvidia (NVDA) have dropped nearly 3%. The losses follow an announcement by China’s market regulator that Nvidia allegedly violated the country’s anti-monopoly laws during its acquisition of Israeli networking … Read more
Monero’s blockchain experienced an 18-block reorganization on Sunday, its deepest to date, that effectively invalidated 118 confirmed transactions by rolling back 36 minutes of transaction history. The reorg began at block height 3,499,659 when Qubic, a lesser-known AI-focused layer-1 blockchain, unleashed a longer chain that Monero’s network nodes accepted, orphaning the other chain’s previously confirmed … Read more
Strategy (MSTR) said Monday it purchased another 525 BTC for $60.2 million, bringing the company’s total holdings to 638,985 BTC, according to an SEC filing. The latest acquisition was made at an average price of $114,562 per bitcoin, raising the firm’s overall average purchase price to the same level. The announcement came as bitcoin slipped … Read more
Bitcoin traded in the red having failed to establish a foothold above $116,000 as whales rotated more funds into ether.
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market has stalled since Saturday, with bitcoin (BTC) once again failing to keep gains above $116,000 alongside continued selling by wallets of early adopters, or OGs. According to blockchain analyst Lookonchain, on Sunday an eight-year BTC holder moved 1,176 BTC worth over $136 million … Read more
Markets are seeing sharp moves this morning with crypto mining stocks continuing their rally and Tesla jumping on Elon Musk’s latest share purchase. Bitfarms (BITF) is up 15% pre-market to $2.55, extending its weekly rally of 75%. AI-focused mining stocks continue their strong performance as well, with IREN (IREN) rising 3% pre-market and up over … Read more
The London Stock Exchange Group (LSEG) said it facilitated the first transaction on a new blockchain-based platform for private funds. LSEG’s Digital Markets Infrastructure (DMI), built using Microsoft Azure, is designed to use blockchain technology across the full lifecycle of an asset, from issuance to settlement, with greater scale and efficiencies than existing systems, according … Read more
Glassnode data shows that all wallet cohorts have returned to distribution mode, with a net selling of bitcoin, according to the Accumulation Trend Score breakdown by wallet cohort. This metric disaggregates the Accumulation Trend Score to show the relative behavior of different groups of wallet. It measures the strength of accumulation for each balance size … Read more
Top meme tokens traded under pressure as a multimillion dollar hack of Shiba Inu’s layer-2 network, Shibarium, dented investor confidence in joke cryptocurrencies. On Sunday, Shibarium fell victim to a flash loan attack on its validator system, which drained about $2.4 million in ether (ETH) and SHIB. The CoinDesk Memecoin Index has dropped 6.6% in … Read more
The U.S. Federal Reserve is likely to dominate markets, both crypto and traditional, in the coming week. Traders are positioned for a rate cut of at least 25 basis points when the Fed announces its decision on Sept. 17, according to CME’s Fedwatch tool. What to Watch Crypto Sept. 16, 12 p.m. ET: Solana AMA … Read more
The Financial Times (FT) reported on Monday that cryptocurrency groups are urging the Bank of England (BoE) to scrap proposals limiting the amount of stablecoins individuals and businesses can own. The groups warned that the rules would leave the UK with stricter oversight than the U.S. or the European Union (EU). According to the FT, … Read more
Fears of a downside for bitcoin (BTC) and ether (ETH) have eased substantially, according to the latest options market data. However, the pace of the next upward move in these cryptocurrencies will largely hinge on the magnitude of the anticipated Fed rate cut scheduled for Sept. 17. BTC’s seven-day call/put skew, which measures how implied … 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. Hyperliquid’s validator community has chosen Native Markets to issue USDH, ending … Read more
Arthur Hayes believes the current crypto bull market has further to run, supported by global monetary trends he sees as only in their early stages. Speaking in a recent interview with Kyle Chassé, a longtime bitcoin and Web3 entrepreneur, the BitMEX co-founder and current Maelstrom CIO argued that governments around the world are far from … Read more
On Sept. 17, the U.S. Federal Reserve (Fed) is widely expected to cut interest rates by 25 basis points, lowering the benchmark range to 4.00%-4.25%. This move will likely be followed by more easing in the coming months, taking the rates down to around 3% within the next 12 months. The fed funds futures market … Read more
Record-breaking flows into exchange-traded funds may be reshaping markets in ways that even the Federal Reserve can’t control. New data show U.S.-listed ETFs have become a dominant force in capital markets. According to a Friday press release by ETFGI, an independent consultancy, assets invested in U.S. ETFs hit a record $12.19 trillion at the end … Read more