CoinDesk

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

Bitcoin’s rally lost momentum in August, and slowing corporate accumulation may explain why. Tracked treasury entities added 47,718 BTC last month ($5.2 billion), down from more than 100,000 BTC in July, according to the latest Bitcoin Treasuries Adoption Report. That brought total holdings across public companies, private firms, governments and ETFs to 3.68 million BTC, … Read more

When Core Scientific signed a $3.5 billion deal to host artificial intelligence (AI) data centers earlier this year, it wasn’t chasing the next crypto token — it was chasing a steadier paycheck. Once known for its vast fleets of bitcoin mining rigs, the company is now part of a growing trend: converting energy-intensive mining operations … Read more

Bitcoin (BTC) is about 4% higher than it was a week ago—good news for the digital asset but bad news for the economy. The recent negative tone of the economic data points from last week raised expectations that the Federal Reserve will cut interest rates on Wednesday, making riskier assets such as stocks and bitcoin … Read more

Investors are counting down to the Federal Reserve’s Sept. 17 meeting, where markets expect a quarter-point rate cut that could trigger short-term volatility but potentially fuel longer-term gains across risk assets. The economic backdrop highlights the Fed’s delicate balancing act. According to the latest CPI report released by the U.S. Bureau of Labor Statistics on … Read more

More and more companies are attracted to the idea of launching their own Ethereum layer 2 network. Most of them shouldn’t bother. There’s already a staggering number of them — over 150. Quite a few of these are centralized and linked to a single enterprise and several companies such as Robinhood have recently announced plans to … Read more

The memecoin sector is heating up as fresh altcoin season talks are starting to grow on social media, partly driven by expectations that the Federal Reserve will this coming week cut interest rates, a boon for risk assets. Bitcoin’s market dominance has dropped 3.5% in the past month, and its underperformance relative to altcoins has … Read more

TON Strategy Company (TONX) has repurchased over 250,000 shares of its common stock at $8.32 per share, well below its stated treasury asset value (TAV) of $12.18, the company said. The move is part of its recently launched $250 million buyback program and follows its pivot to position toncoin (TON) as the company’s primary treasury … Read more

CFTC Chair nominee Brian Quintenz posted several messages he’d exchanged with Tyler Winklevoss, seemingly in a bid to get his nomination process back on track. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative On Wednesday, at CoinDesk’s … Read more

WisdomTree has launched a new tokenized fund focusing on private credit. The new fund, called the WisdomTree Private Credit and Alternative Income Digital Fund (CRDT), tracks a basket of 35 publicly traded closed-end funds, business development companies, and real estate investment trusts, Bloomberg reports. It’s available with a minimum investment of just $25 and offers … Read more

Gemini Space Station, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, surged in its Nasdaq debut Friday after raising $425 million in an initial public offering. The company priced its IPO late Thursday at $28 a share, valuing Gemini at about $3.3 billion before trading began. That price was above the revised $24 to … Read more

Shiba Inu’s layer-2 network, Shibarium, was hit by a coordinated exploit that saw an attacker use a flash loan to gain control over a validator, drain assets from its bridge and trigger a temporary shutdown of staking operations. The attacker, according to Shibarium developer Kaal Dhariya, bought 4.6 million BONE, the governance token of Shiba … Read more

U.S. SEC Chair Paul Atkins said crypto’s time has come, pledging to modernize the U.S. securities rulebook and expand “Project Crypto” to bring markets on-chain. Speaking in Paris on Sept. 10 at the OECD’s inaugural Roundtable on Global Financial Markets, Atkins said the SEC is shifting away from enforcement-driven policymaking and will provide clear rules … Read more

Decentralized artificial intelligence network Bittensor is “hitting escape velocity,” with accelerating growth in subnets, wallets and institutional access, according to the first “State of Bittensor” report from Yuma, an AI-powered e-commerce platform. The report, which covers the first half of 2025, notes that 77% of consumers now say decentralized AI is more beneficial than Big … Read more

Prediction market Kalshi is violating Massachusetts’ state gambling laws, its attorney general alleged in a lawsuit Friday. In a filing, Attorney General Andrea Joy Campbell alleged that sports event contracts, which Kalshi introduced in January 2025, violate the state’s sports wagering laws, which require operators to be licensed. Campbell is asking for a court to … Read more

Polymarket, the online betting exchange where users wager on real-world outcomes, has weighed a deal that would value the company at $9 billion, according to The Information. The number marks a sharp climb from its $1 billion valuation just three months ago, when it raised funds in a round led by Peter Thiel’s Founders Fund. … Read more

The big upside action in major cryptos of late has been in altcoins such as solana (SOL) and dogecoin (DOGE), with SOL sporting a 17% gain over the past seven days and DOGE a 25% advance. Among the bullish arguments are coming ETFs and newly-formed crypto treasury companies focusing on those two tokens. Mostly forgotten … Read more

Shares of Gemini (GEMI) opened at $41 a share on the Nasdaq Global Select Market on Friday, rising 45% from last night’s IPO price. The crypto exchange, which is run by Tyler and Cameron Winklevoss, priced its IPO at $28 a share, valuing the company at around $3.3 billion. It had sold 15.2 million shares, … Read more

Solana’s SOL rallied above $239 on Friday, extending its sharp September gains, as Galaxy Digital CEO Mike Novogratz described the blockchain as “tailor-made” for global financial markets and analyst Ali Martinez charted a potential path to $1,314. Martinez, a well-known crypto analyst, highlighted Solana’s breakout from what chart technicians call a cup-and-handle pattern, a formation … Read more

Tether, the company behind the world’s most popular stablecoin, USDT, unveiled a U.S.-regulated, dollar-backed token called USAT and appointed Bo Hines as head of its American division. Anchorage Digital, a federally regulated crypto bank, will serve as the token’s issuer, while Cantor Fitzgerald will manage the reserves. The token will debut later this year, Tether … Read more

Hedera’s native token HBAR posted modest gains during the September 11–12 trading window, climbing from $0.237 to as high as $0.245 before closing at $0.240. The move reflected a surge in institutional participation, with market activity closely tied to fresh developments around potential exchange-traded products. Corporate momentum built after Grayscale Investments revealed plans for a … Read more

Stellar’s XLM navigated a volatile 24-hour trading session from Sept. 11 to Sept. 12, oscillating between $0.384 and $0.400 before closing near $0.393. The token saw early strength, advancing to session highs around $0.400, but selling pressure in the final hours pushed prices back toward support levels at $0.392. Market analysts note this late-session distribution … Read more

Polymarket is turning to Chainlink to clean up how it resolves bets. The world’s largest prediction market platform will use the on-chain data provider to automatically settle asset-price-related markets, cutting down on delays and tampering risks, the two companies announced Friday. The integration is live on Polygon and will initially focus on crypto asset prices … Read more

U.S. Representative French Hill is among his House of Representatives colleagues watching from the sidelines as their Digital Asset Market Clarity Act is overhauled by senators, but he and Senator Cynthia Lummis seem to be in agreement that one of the bill’s aims should be to re-cast what Congress already did on stablecoins. So far, … Read more

Traders are using leverage in an attempt to lift bitcoin (BTC) back to record highs, creating a high-risk environment that could result in a derivatives unwind to the downside if price begins to shift the other way. Market analyst Skew warned one trader intent on opening a nine-figure long position to “maybe wait for spot … Read more

Solana (SOL) ripped higher on Friday, hitting its strongest price since January as digital asset treasury demand could be taking shape. The token rallied 5% over the past 24 hours to just shy of $240. It has extended weekly gains to 18% and vastly outperformed bitcoin (BTC) and ether (ETH), which advanced just 4%-5% over … 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 4284.12, up 1.6% (+65.55) since 4 .p.m. ET on Thursday. Thirteen of 20 assets are trading higher. Leaders: SOL (+5.5%) and AAVE (+2.4%). Laggards: AVAX (-2.4%) and ICP (-1.4%). … Read more

CleanCore Solutions (ZONE) surged in pre-market trading Friday after announcing it purchased more than 200 million dogecoin (DOGE), pushing its total holdings past 500 million tokens. At DOGE’s current price of $0.26, up 6% in the past 24 hours, those 500 million tokens are worth about $130 million. The move is part of the company’s … Read more

The rise of artificial intelligence and robotics is forcing us to face something we’ve all sensed coming: millions of jobs are going to soon vanish. From factory floors to law offices, from truck driving to financial analysis, AI is learning to do our work faster, cheaper, and often better. This isn’t a future problem — … Read more

Bitcoin (BTC) pulled back from overnight highs above $116,000 to under $115,000 as the Dollar Index (DXY) remains steady despite expectations of an imminent Fed rate cut. Analysts remained optimistic saying they expect new lifetime highs in BTC and outsized gains in select few tokens, such as HYPE, SOL and ENA. Focus has already shifted … Read more