CoinDesk

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

Soft U.S. inflation data for August is — at least temporarily — pushing crypto prices higher early Wednesday. The Producer Price Index (PPI), which measures inflation at the wholesale level, fell 0.1% month-over-month in August, compared to analyst estimates of a 0.3% rise and the previous month’s 0.9% increase. Year-over-year, PPI grew by 2.6%, down … 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 4164.74, up 1.8% (+73.5) since 4 p.m. ET on Tuesday. Nineteen of 20 assets are trading higher. Leaders: AVAX (+6.6%) and SOL (+3.1%). Laggards: POL (+0.0%) and AAVE (+0.4%). … Read more

Binance and Franklin Templeton are teaming up to build digital asset products that aim to bridge the gap between traditional markets and crypto. The two firms will combine Franklin Templeton’s work in tokenizing securities with Binance’s trading infrastructure and global investor base, according to the Tuesday statement. The focus of two firms’ tokenization efforts are … Read more

Washington’s GENIUS Act has crypto advocates celebrating clear stablecoin regulation. Politicians tout it as cementing dollar dominance for decades. The financial press frames it as America’s masterstroke against competing currencies. They’re all missing the point. The GENIUS Act didn’t create a protective moat around the dollar. It handed every other nation a blueprint for building … Read more

Clear Street initiated coverage of Bakkt (BKKT) with a buy rating and a $14 price target, implying 44% upside after a steep year-to-date decline, the broker said in a research report Tuesday. The shares have fallen over 60% this year versus an 11% gain for the S&P 500 stock index. The stock was 0.7% higher, … Read more

The crypto market was steady early Wednesday, with bitcoin (BTC) bouncing back above $112,000. Smaller coins like IP, MNT and PUMP posted double-digit gains over the past 24 hours, lifting CoinMarketCap’s altcoin season index to almost 60% in a signal that the season has probably started. Story Protocol’s IP token rose to over $10 as … Read more

The native token of Chainlink (LINK) stalled on Wednesday after a strong start to the week, giving back some of the gains on news about asset manager Grayscale filing to convert its closed-end fund into an exchange-traded fund (ETF). The token is down about 1% in the past 24 hours in a volatile session, experiencing … Read more

Polygon’s proof-of-stake chain is live, but transactions are taking longer than usual to lock in, with finality running 10–15 minutes behind schedule. Finality is the assurance that a transaction or piece of data is irreversible once confirmed and added to a block in the blockchain. The foundation said in an X post that a fix … Read more

Shiba Inu developers said on Tuesday the long-delayed LEASH v2 migration will begin in the coming days after security firm Hexens signed off on the new token and its migration contract. The approval closes months of uncertainty caused by a hidden flaw in the original LEASH code that undermined its fixed-supply design, as the team … Read more

Belarusian President Aleksandr Lukashenko has called on the country’s financial sector to accelerate the adoption of cryptocurrency and cash payments, calling them essential tools for economic resilience. Lukashenko’s words came during a meeting with central bank and commercial banking leaders, as the country faces sweeping sanctions over its support for Russia’s invasion of Ukraine and … Read more

By Omkar Godbole (all times ET unless stated otherwise) Just 10 days after the U.S. Department of Commerce started posting economic data on a selection of blockchains, the reliability of its data is being questioned by some observers. On Tuesday, the U.S. Bureau of Labor Statistics disclosed a startling figure: The economy created nearly 1 … Read more

The CoinShares Bitcoin Mining ETF (WGMI) rose 12% to a record $33.13 on Tuesday as Nebius Group’s $17.4 billion agreement to supply GPUs to Microsoft boosted crypto mining and AI-related stocks across the board The exchange-traded fund is now 44% higher year-to-date and has surpassed its market debut level of around $30. The top two … Read more

Bitcoin (BTC) hovered around $111,500 on Monday, keeping a tight range as traders weigh macro catalysts for cues on positioning. Ether (ETH) traded near $4,312, XRP (XRP) held $2.96, BNB (BNB) at $880, and Solana’s SOL (SOL) climbed to $218. Dogecoin (DOGE) extended its 11.6% weekly gain to 24 cents, outpacing most major cryptocurrencies as … Read more

Metaplanet (3350), the largest Japanese bitcoin (BTC) treasury company, plans to raise a net 204.1 billion yen ($1.4 billion) in an international share sale to bolster its holdings of the largest cryptocurrency. The Tokyo-based company, which already owns 20,136 BTC and has the sixth-largest stash among publicly traded companies worldwide, said it priced the 385 … Read more

Asset prices reflected a buoyant mood on Wednesday, with bitcoin (BTC) reclaiming $112,000 and European stocks rising at the open, as analysts increasingly downplayed fears of stagflation and recession triggered by horrible U.S. jobs data. On Tuesday, the U.S. Bureau of Labor Statistics published a shocking update: The economy likely added 911,000 fewer jobs than originally … Read more

Cryptocurrency exchange Kraken has expanded its xStocks offering to millions of clients across the European Union, providing on-chain access to U.S. equities to investors in the region. The expansion enables eligible European investors to trade tokenized versions of popular U.S. stocks and exchange-traded funds (ETFs) directly through the Kraken app. “Expanding xStocks to the European Union was … Read more

A leading trader on decentralized betting platform Polymarket, who goes by the name JustWakingUp, is wagering that the Federal Reserve (Fed) will cut interest rates by 50 basis points (bps) next week. According to X handle Polymarket Whales, JustWakingUp is the platform’s most prolific trader, boasting nearly $400 million in total trading volume to date … Read more

XRP struggled to maintain momentum above the $3.00 threshold on September 9–10, with heavy institutional selling wiping out early gains. Despite a push to $3.035, volume-driven liquidation erased upside attempts and pulled the asset back to $2.94 by session close. The move is indicative of mounting resistance near $3.02, even as traders weigh ETF catalysts … 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. BTC is pinned near $111,000 with volatility compressed to multi-month lows, … Read more

Grayscale filed paperwork with the U.S. Securities and Exchange Commission (SEC) on Tuesday for three crypto exchange-traded funds, expanding its roster of potential offerings as issuers jockey for regulatory approval. The asset manager submitted an S-1 registration for a Litecoin (LTC) ETF, a move that follows its earlier bid to convert the Grayscale Litecoin Trust … Read more

Crypto mining stocks jumped on Tuesday after Nebius Group announced a five-year agreement to supply Microsoft (MSFT) with graphic processing units valued at $17.4 billion. The deal, aimed at bolstering Microsoft’s artificial intelligence infrastructure, sparked investor enthusiasm for companies with large-scale computing power, bitcoin miners among them. Read more: CoreWeave Shares Gain 4.5% After Launch … Read more

Filecoin (FIL) traded little changed over the last 24 hours, with the shares trading in a $0.08 range representing 3.3% volatility between $2.41 and $2.50, according to CoinDesk Research’s technical analysis model. The model showed a pronounced V-shaped recovery trajectory, as the digital asset initially retreated from $2.44 to test institutional support levels near $2.41-$2.42 … Read more

Much ado has been made about U.S. President Donald Trump’s open-armed embrace of crypto. One theory is that the White House’s friendliness toward digital assets is a favor to Silicon Valley donors, a gesture to innovation-friendly constituencies. Another is that it reflects an administrative belief in the efficiency gains that blockchain can bring to payments. … Read more

Decentralized finance protocol Ethena (ENA) submitted Tuesday a proposal to issue Hyperliquid’s upcoming stablecoin, joining a bidding race that has already attracted a slew of companies like Paxos, Sky, Frax and Agora. The token would be fully backed by Ethena’s USDtb, a stablecoin issued with federally chartered bank Anchorage Digital and fully backed by BUIDL, … Read more

BNB swung sharply between gains and losses in a volatile 24-hour stretch. The token dropped to an $872 low earlier before rallying to $884 and then seeing a sharp reversal wipe out those gains. The initial drop took BNB from around $880.50 to a low of $871.99. From there, the token staged a comeback, peaking … Read more

U.S.-listed cryptocurrency exchange Coinbase (COIN) is creating a new ecosystem that combines stablecoin-based micropayments with AI. Building on the release earlier this year of x402, an open source payment protocol that enables instant stablecoin payments on any website, Coinbase engineers have added a discovery layer for AI agents, something like a “Google for agents,” that … Read more

Shares of CoreWeave (CRWV) rose as much as 9% on Monday morning after the company announced it’s launching a venture capital arm focused on early-stage artificial intelligence startups. The stock was higher by 4.5% as midday U.S. hours approached.. The new fund, called CoreWeave Ventures, will focus on investing in startups building tools, infrastructure or … Read more

Internet Computer Protocol (ICP) endured a turbulent 24 hours session, swinging through a $0.22 corridor that represented a 4% range. After testing support at $4.83, the token mounted a strong rally to reach $5.05 by 06:00 UTC before falling back. That move confirmed $4.83 as a crucial accumulation zone, where volume surged to 348,793 units, … Read more