Gemini, the crypto exchange backed by Tyler and Cameron Winklevoss, priced its initial public offering at $28 a share, valuing the company at around $3.3 billion. The company sold 15.2 million shares, raising $425 million, it said in a Thursday press release. The IPO was 20 times oversubscribed, according to a Reuters report on Thursday. … Read more
Historical data suggests that bitcoin (BTC) has likely put in its September 2025 low, around $107,000 on the first of the month. Looking back to July 2024, a consistent pattern emerges where bitcoin tends to form a bottom for the month within the first 10 days of each month. The notable exceptions were February, June … Read more
By Omkar Godbole (All times ET unless indicated otherwise) A day after the U.S. CPI report, market sentiment remains bullish with traders expecting the Fed to cut interest rates three times this year, starting next week. Crypto pundits expect bitcoin (BTC) to reach a new lifetime high. Don’t forget, it’s less than a month since … Read more
Spot bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. added $552.78 million on Thursday, their fourth consecutive day of inflows. That’s the longest run since Aug. 28 and the joint-longest since the seven days ended Aug. 14, which coincided with bitcoin’s ascent to an all-time high of over $123,000. Wednesday’s $757.14 million net inflow was … Read more
The US government posted a $345 billion deficit in August, with receipts of $344 billion overshadowed by $689 billion in spending. The largest outlays were Medicare at $141 billion and Social Security at $134 billion, but what stands out is net interest at $93 billion, now the third-largest expense. This highlights the growing pressure that … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin (BTC) continues to gain ground, consistent with the inverse head-and-shoulders breakout from early this week, which opened the door for a rally to $120,000. Prices have crossed above the 50-day simple moving average (SMA), a widely-tracked momentum indicator. Additionally, the … Read more
World Liberty Financial’s native token (WLFI) is holding steady after the project’s community overwhelmingly approved a plan to direct all protocol-owned liquidity fees toward a buyback-and-burn mechanism. WLFI is trading near $0.20, up 0.2% over the past 24 hours and 7.8% higher on the week, according to CoinGecko data. The token has a market capitalization … Read more
A new strain of malware purpose-built to steal crypto wallet data is slipping past every major antivirus engine, according to Apple device security firm Mosyle. Dubbed ModStealer, the infostealer has been live for nearly a month without detection by virus scanners. Mosyle researchers say the malware is being distributed through malicious recruiter ads targeting developers … Read more
Key economic data released Thursday indicate that the U.S. economy may be on the brink of stagflation, a challenging mix of sluggish growth, a weakening labor market, and rising prices. Despite these concerns, crypto market participants remain optimistic, focusing instead on anticipated Federal Reserve rate cuts and signals from traditional markets as drivers for higher … Read more
Dogecoin surged nearly 6% to $0.261 in the past 24 hours as traders positioned for the scheduled debut of the first U.S. Dogecoin ETF on September 12. Anticipation of the “DOJE” product, coupled with whale accumulation exceeding 280 million DOGE, fueled heavy late-session flows with volume topping 1.1 billion. Analysts now focus on whether the … Read more
Christie’s has shuttered its digital art department, ending a short-lived but influential experiment that saw Non Fungible Tokens (NFTs) have a place alongside paintings, sculptures, and other works in the auction house’s art sales, according to a report from Now Media. Two staffers were let go at the end of August, including vice president of … Read more
XRP broke higher on September 11 with heavy institutional inflows pushing volume four times above daily averages. The token advanced nearly 2% to close near $3.05, defending support at $2.98 before testing resistance around $3.07. Analysts say that while accumulation patterns remain strong, elevated exchange reserves and ETF speculation are adding layers of volatility to … Read more
Coinbase analysts remain optimistic for the fourth quarter, arguing that a mix of resilient liquidity, a favorable macro backdrop and supportive regulatory signals could keep the crypto market rally alive. Bitcoin (BTC), they argue, continues to benefit from macro tailwinds and could outperform market expectations, analysts David Duong and Colin Basco said in a Wednesday … Read more
BlackRock is exploring how to bring exchange-traded funds (ETFs) onto public blockchains, people familiar with the matter told Bloomberg. The sources said the asset manager is weighing tokenizing funds tied to real-world assets such as stocks, though any rollout would depend on regulatory approval. The discussions follow BlackRock’s first experiment with tokenization last year. The … Read more
Did you know, exchange-traded products are now the largest holders of bitcoin? In today’s Crypto for Advisors newsletter, Rony Abboud from Trackinsight and ETF Central breaks down current ETF trends. Then, Joshua de Vos, research lead at CoinDesk answers investment questions about ETFs in “Ask an Expert.” Thank you to our sponsor of this week’s newsletter, … Read more
Markets are ignoring a hotter-than-expected inflation report and instead turning their attention to the latest signs that the U.S. labor market is faltering — a shift in focus that points to growing concern about a deeper economic slowdown. Consumer prices rose a bit more than expected August, according to CPI data released Thursday by the … Read more
Hedera’s HBAR token saw a volatile 23-hour stretch between Sept. 10 and 11, swinging in a narrow 5% band between $0.23 and $0.24. The token dipped to its $0.23 support level early in the session before rebounding on heavier-than-usual trading volumes. Daily volume averaged 35.4 million, but activity surged to 156.1 million by midday Sept. … Read more
XLM posted sharp swings in the latest 24-hour trading cycle, oscillating within a $0.017 band that marked a 4.3% fluctuation between $0.379 and $0.396. The token’s rally took shape around midnight on September 11, when prices climbed from $0.384 to a high of $0.396 by mid-morning. The upward push came alongside a surge in market … Read more
Crypto-related stocks including Galaxy Digital (GLXY), Circle Internet (CRCL) and Bitfarms (BITF) posted double-digit gains on Thursday as bitcoin (BTC) rose the highest since mid-August. Galaxy, a digital asset investment and data center conglomerate led by Mike Novogratz, added 12%. The company was a lead investor in Forward Industries’ $1.65 billion fundraising closed today to … Read more
Kinetiq, a liquid staking protocol built around Hyperliquid’s HYPE token, has seen an explosion of inflows in recent weeks as users pile in to farm the protocol’s airdrop points campaign. Total value locked (TVL) on Kinetiq has jumped from roughly $458 million in mid-July to over $2.1 billion today, according to DefiLlama. While part of … 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 4207.6, up 1.4% (+58.34) since 4 p.m. ET on Wednesday. All 20 assets are trading higher. Leaders: BCH (+3.8%) and HBAR (+2.7%). Laggards: DOT (+0.2%) and ADA (+0.5%). The … Read more
Chainlink native token LINK (LINK) crossed $24, advancing 2.5% on Thursday as the oracle provider revealed a joint project with DigiFT and UBS to automate tokenized fund operations in Hong Kong. The three firms secured an approval under Hong Kong’s Cyberport Blockchain and Digital Asset Pilot Subsidy Scheme to build automated infrastructure for tokenized financial … Read more
U.S. inflation for August came in hotter than expected, though likely not enough to derail the Federal Reserve from cutting interest rates next week. The Consumer Price Index (CPI) rose 0.4% last month versus expectations for 0.3% and 0.2% in July. On a year-over-year basis, CPI was higher by 2.9% versus a forecast 2.9% and … Read more
As crypto majors, including bitcoin (BTC), await the U.S. CPI data, smaller coins like PUMP, AVAX and MNT have advanced 8%-11% in the past 24 hours. The biggest gainer among the top 100 tokens is Provenance Blockchain’s HASH token, which has surged 28%. On Tuesday, the Provenance Blockchain Foundation announced a model that will help … Read more
Strategy’s (MSTR) bid to join the S&P 500 index was rejected, despite meeting technical eligibility criteria, in what JPMorgan (JPM) calls a sign of growing caution toward companies that function as de facto bitcoin (BTC) funds. The index committee’s discretionary decision is a setback not only for Strategy but for the growing number of corporate … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) is up around 1.4% in the past 24 hours as investors await key inflation data in the U.S., which could shape expectations for a much-discussed interest-rate cut by the Federal Reserve. Before that hits though, the European Central Bank announces its own interest-rate decision. … Read more
The Hong Kong Monetary Authority (HKMA) has circulated plans for easing the capital requirements for banks holding cryptocurrencies, local financial news outlet Caixin reported on Wednesday. The central bank released a draft paper for public comment with a view to clarifying the guidance on capital regulation for crypto assets, which will be implemented early next … Read more
Nasdaq-listed Forward Industries (FORD) said Thursday it has closed the $1.65 billion private investment in public equity (PIPE) deal to build out corporate crypto treasury centered on Solana (SOL). The cash and stablecoin commitments, led by Galaxy Digital, Jump Crypto and Multicoin Capital, will fund the company’s plan to anchor its balance sheet in Solana’s … Read more
Bitcoin’s continued volatility compression has intensified with what analyst Checkmate refers to as the “choppiness index,” a metric that gauges sideways price consolidation.Previous CoinDesk research has highlighted that bitcoin’s implied volatility remains at multi-year lows, which supports the sideways consolidation in bitcoin’s price. This choppiness reflects bitcoin’s recent rangebound behavior. For the past few months, … Read more
The Avalanche Foundation aims to raise $1 billion to create two crypto treasury companies holding millions of AVAX tokens, the Financial Times reported on Thursday. The AVAX tokens would be bought from the foundation, the non-profit group that oversees the Avalanche blockchain, at a discounted price, according to the report, which cited people familiar with … Read more