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
Figure Technologies, a blockchain-focused lending platform founded by SoFi co-founder Mike Cagney, has priced its initial public offering at $25 per share, which would raise $787.5 million. Shares of the company’s Class A stock is scheduled to begin trading on the Nasdaq under the ticker symbol “FIGR” later today, September 11, according to a press … Read more
The Scroll decentralized autonomous organization (DAO) is set to “pause” its governance process after leadership resignations and confusion over live proposals, key DAO members discussed during on a Wednesday delegate call. A DAO operates according to blockchain rules rather than a centralized authority. The rules are coded into smart contracts, and members typically hold tokens … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Major cryptocurrencies are looking bullish, with market leader bitcoin (BTC) exhibiting a classic inverse head-and-shoulders breakout that could propel it toward $120,000. But there’s a catch. The daily chart for the S&P 500 E-Mini futures is displaying a bearish pattern, indicating … Read more
South Korea’s benchmark equity index, the Kospi, has reached a record high of 4,340 points, driven by prospects of shareholder-friendly policies and positive global market sentiment. The new high has prompted one analyst to urge caution among bitcoin (BTC) bulls, suggesting that the surging Kospi could mark the end of the BTC bull run, consistent … Read more
Bitcoin (BTC) traded around $114,200 in Asian morning hours Thursday, up 2.4% over 24 hours, as majors firmed into a heavy macro week. Ether (ETH) was up 2.4% to $4,400, XRP (XRP) rose above $3, BNB Chain’s BNB (BNB)neared $900 and Solana’s SOL (SOL) gained nearly 3%. Dogecoin (DOGE) outperformed with a 5% daily gain … Read more
XRP pierced the $3.00 psychological threshold in a heavy-volume session that signaled strong institutional flows. The rally carried the token from $2.96 to $2.99 in 24 hours, with midday breakouts on volumes six times the daily average. Despite facing resistance near $3.02, the market structure suggests accumulation, with bulls defending support around $2.98 as traders … Read more
BlackRock’s IBIT and Fidelity’s FBTC led inflows as bitcoin (BTC) ETFs logged their strongest day since July, with BTC climbing past $114,000. Ether (ETH) topped $4,400, as Ethereum funds ETHA and FETH saw renewed demand according to data curated by SoSoValue. BTC spot ETFs pulled in $757 million of net inflows on Wednesday. Fidelity’s FBTC … 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. The first signs of how validators are leaning in Hyperliquid’s hotly … Read more
Brian Quintez, U.S. President Donald Trump’s nominee to run the Commodity Futures Trading Commission, published a text exchange he had with Tyler Winklevoss in his first public statement since his confirmation process appeared to stall over the summer at the White House’s direction, saying he believed that Trump “might have been misled.” Quintenz shared a … Read more
Gemini, the crypto exchange run by Tyler and Cameron Winklevoss, has boosted the price range for its planned Friday IPO, the company said in an updated S1 filing on Tuesday. The firm now expects to sell 16.67 million shares between $24 and $26 each in the public offering versus the previous range of $17-$19. At … 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: SwissBorg’s SOL Earn Wallet Exploited for $41.5M After Partner’s API Is Compromised Ledger CTO Warns of NPM Supply-Chain Attack Hitting 1B+ Downloads Backpack Opens Regulated Perpetuals Exchange in Europe … Read more
Ethereum experienced a rare slashing event on Wednesday, with 39 validators penalized, according to blockchain explorer Beaconcha.in. The validators were tied to the SSV Network, a distributed validator technology (DVT) protocol that decentralizes staking infrastructure by splitting validator keys across multiple operators. Despite the scale of the incident, SSV founder Alon Muroch emphasized that the … Read more
Shiba Inu (SHIB) is looking to establish a foothold above the 200-day simple moving average (SMA) as whales boost their dogecoin (DOGE) stash to a nearly four-year high. SHIB has exhibited considerable fortitude throughout the 24-hour trading, ascending from $0.00001287 to $0.00001312, constituting a respectable 2% appreciation. At press time, the token traded close to … Read more
The U.S. Senate’s market structure bill should pass by the end of the year, leading lawmakers working on the effort said Wednesday, though efforts on this bill will likely push beyond the Sept. 30 deadline previously set by the Senate Banking Committee’s head. “I don’t want to put an artificial deadline on anything,” said Senator … Read more
Kiln, a provider of staking services for institutions, said it started an “orderly exit” of all its Ethereum (ETH) validators, framing the move as a safeguard for clients following SwissBorg’s SOL earn wallet being exploited for $41.5 million. The decision underscores how staking providers are increasingly prioritizing resilience and client protection over uninterrupted uptime. In … Read more
Institutional adoption of crypto still looks early, but momentum is building, according to a Wednesday report from Wall Street bank JPMorgan. Bullish’s (BLSH) August IPO and the passage of the GENIUS Act have sharpened focus on the sector, with regulatory clarity removing one of the biggest hurdles for large investors, wrote analysts led by Kenneth … Read more
Dogecoin rallied sharply during the September 9–10 session, reclaiming the $0.24–$0.25 range with volume surging above 1.5 billion tokens. The move comes as REX-Osprey prepares to debut the first U.S. Dogecoin ETF on September 11 under the ticker “DOJE.” Technical traders flagged a bullish pennant breakout pattern, while large-scale whale accumulation added to growing confidence … Read more
XRP surged past the $3 threshold during the September 9–10 session as institutional flows accelerated on the back of regulatory clarity in Europe. Ripple’s new partnership with BBVA under MiCA compliance fueled optimism that traditional banks may deepen adoption of blockchain settlement. While bulls defended $2.99 support, analysts note rising exchange reserves could still weigh … Read more
Crypto is superior to traditional finance. Unlike SWIFT, which can take days to process payments, newer blockchain networks achieve finality in mere seconds and have throughput sufficient for real-world mass adoption. U.S. Treasury Secretary Bessent projects stablecoins alone will hit $3.7 trillion by 2030. That’s the equivalent of Germany’s GDP. Despite its technological edge, crypto … Read more
Michigan-based mortgage lender LitFinancial on Wednesday debuted its U.S. dollar stablecoin, dubbed litUSD, on the Ethereum blockchain as the digital dollar movement is expanding beyond crypto natives. The firm said it plans to use the token to cut funding costs and improve treasury management operations, while also exploring on-chain settlement of mortgage payments. That shift … Read more
Solana has been a recent outperformer among major cryptos — ahead 24% over the past month — but that could just be precursor to an epic end of year run, writes Bitwise CIO Matt Hougan. “For the last 18 months, the recipe for strong returns in crypto has been clear,” said Hougan. “Take one part … Read more
St. Cloud Financial Credit Union (SCFCU), a Minnesota-based institution with over $400 million in assets, plans to roll out a proprietary stablecoin what it claims to be the first from a U.S. credit union. The token, dubbed Cloud Dollar (CLDUSD) and developed with blockchain firm Metallicus and financial technology provider DaLand CUSO, is slated to … Read more
August put a small dent in what remains a longer-term uptrend for digital assets. Bitcoin fell about 6.5% — its first monthly decline since March — after briefly touching a new all-time high of $125,000 mid-month. Ether, by contrast, extended its strong run, gaining nearly 19% and lifting its share of overall market capitalization to … Read more
Asset Entities Inc (ASST) announced that its shareholders have approved a merger with Strive Enterprises. Following Strive’s shareholder approval on Sept.4, this paves the way for the combined company, to be renamed Strive Inc., to pursue a bitcoin treasury strategy. Former presidential candidate Vivek Ramaswamy co-founded Strive Enterprises in 2022. Matt Cole — currently the … Read more
WASHINGTON, D.C. — Jonathan Gould, in his opening weeks of running the U.S. Office of the Comptroller of the Currency, left no uncertainty about his view of the systematic process to drop crypto people and businesses from banking relationships. “Debanking is real,” he told an audience Wednesday at CoinDesk’s Policy and Regulation event in Washington, … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. A softer-than-expected U.S. PPI pushed bitcoin (BTC) past $113,600, confirming the bullish inverse head and shoulders pattern highlighted earlier this week. The breakout signals the end of the recent pullback from record highs above $124,000 and the resumption of the broader … Read more