Smaller tokens are having a blast as major cryptocurrencies, including bitcoin (BTC), ether (ETH), and XRP (XRP), continue their recovery from their declines late on Friday. Stand out coins are the Sam Altman-founded Worldcoin (WLD), which risen 122% in the past 24 hours. The other is the decentralized exchange MYX Finance’s MYX token, which has … Read more
HBAR staged an impressive rally over the past day, climbing 4.4% as strong institutional flows propelled the token past a key resistance level. The move, which carried prices from $0.22 to $0.23 between September 8 and 9, was supported by a surge in trading activity. Volumes spiked to 91.65 million during the 13:00 hour — … Read more
Just as a tense bow string pulled tightly releases energy in a sudden powerful snap, bitcoin (BTC) seems to be building energy for wild price swings in October, mirroring a pattern from 2023. The crypto market has been boring lately, with bitcoin trading back and forth between $110,000 and $120,000. That has dented volatility expectations. … Read more
OpenSea users have been given clarity over the company’s plans to issue a native token, 10 months after it was initially announced. The non-fungible token (NFT) platform said it has entered the “final phase” of pre-token generation event (TGE) rewards and that more details will be revealed in early October. The news comes alongside the … Read more
By Omkar Godbole (all times ET unless stated otherwise) DeFi coins are in the spotlight as bitcoin (BTC) and ether (ETH) notch modest gains ahead of Tuesday’s big jobs revisions data from the Bureau of Labor Statistics, which are expected to reveal a much weaker job market in the year ended March 2025. Usually, weak … Read more
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is preparing to go public with Nasdaq as both its listing venue and an investor, Reuters reported Tuesday, citing sources familiar with the matter. According to the news outlet, Nasdaq has agreed to buy $50 million worth of Gemini shares in a private placement tied … Read more
Governance token of decentralized finance protocol Ethena (ENA) surged on Tuesday to its strongest since late January as the protocol has made a big step towards activate a fee switch that would share protocol revenues to token holders. The token hit 87 cents in the early hours, advancing 8.3% over the past 24 hours, CoinDesk … Read more
Bitcoin (BTC) held just under $112,000 on Monday as traders weighed the largest whale sell-off in more than two years against signs of long-term accumulation and resilient altcoin performance. On-chain trackers at CryptoQuant have flagged over 100,000 BTC — worth approximately $12.7 billion — as exiting major wallets in the past 30 days. Analyst caueconomy … Read more
Crypto exchange SwissBorg said about 192,600 SOL ($41.5 million) was stolen from an external wallet used exclusively for its SOL Earn strategy on Monday. The exploit stemmed from a partner’s compromised application programming interface (API), a mechanism that allows software systems to communicate with one another, affecting a single counterparty, the exchange said in a … Read more
Nebius Group (NBIS) shares soared 47% in pre-market trading after the company said it signed an agreement to supply Microsoft (MSFT) with graphic processing units (GPUs) in a deal Reuters valued at $17.4 billion over five years. The contract is worth more than the Amsterdam-based company’s entire market capitalization, currently $15.29 billion. According to Reuters, … Read more
Dunamu, the parent company of popular South Korean cryptocurrency exchange Upbit, has unveiled its own Web3 infrastructure brand GIWA at the Upbit Developer Conference (UDC) in Seoul. The Seoul-based company GIWA is designed to make blockchain technology more accessible to developers and users in Korea and abroad. GIWA, short for “Global Infrastructure for Web3 Access,” … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The key story Tuesday morning centers around BTC/USD — representing bitcoin’s dollar-denominated price — and the Binance-listed dogecoin-bitcoin (DOGE/BTC) pair, both racing to secure bullish inverse head and shoulders breakouts on their hourly charts. A confirmed breakout in bitcoin could set … Read more
Ripple is expanding its banking partnerships in Europe through a new agreement with BBVA in Spain. The deal will see BBVA integrate Ripple’s digital asset custody technology into its recently launched retail service for trading and holding bitcoin and ether. The move comes as European banks adapt to the Market in Crypto Assets (MiCA) regulation, … Read more
U.S. money market funds currently hold over $7 trillion, which some analysts believe could soon be rotated into various asset classes, including cryptocurrencies, potentially fueling the next leg higher in bitcoin (BTC) and the alternative cryptocurrencies (altcoins). A money market fund is a type of mutual fund that invests in high-quality, short-term debt instruments, such … Read more
Dogecoin swung violently over the last 24 hours, with whales and institutional desks stepping in on heavy volumes near $0.234 support. The memecoin advanced 2% in the final hour to recover from steep intraday selling, though resistance at $0.244 remains firm. Price Action Summary • DOGE traded between $0.231 and $0.244 from September 8 at … Read more
The battle over who will issue Hyperliquid’s native stablecoin, USDH, has a new heavyweight entrant. Sky, formerly known as MakerDAO, submitted a proposal to power USDH that leans on its $8 billion balance sheet, seven-year operating history, and a B- S&P credit rating – the first ever issued to a decentralized finance (DeFi) protocol. Hyperliquid, … Read more
The digital asset rallied toward the $3.00 threshold on explosive volume before consolidating, as traders positioned around upcoming macro catalysts and ETF rulings. Support has held firm above $2.88, but repeated failures near $2.99 highlight how institutional flows are dictating short-term ranges. News Background Federal Reserve futures now imply a 99% chance of a 25-bps … 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. Crypto traders remain cautious ahead of Thursday’s U.S. CPI report, with … Read more
Microcap CleanCore Solutions (ZONE) is moving higher in after hours trade following the purchase of 285,420 dogecoin (DOGE) for roughly $68 million. The purchase follows last week’s capital raise of $175 million from the likes of MOZAYYX, Pantera, GSR and FalconX, among others. The company plan is to acquire up to 1 billion DOGE within … Read more
Charles Guillemet, chief technology officer at hardware wallet maker Ledger, warned on X on Monday that a large-scale supply chain attack is underway after the compromise of a reputable developer’s Node Package Manager (NPM) account. According to Guillemet, the malicious code — already pushed into packages with over 1 billion downloads — is designed to … Read more
Filecoin (FIL) showed strong upward momentum throughout the last 24 hours, climbing from $2.38 to $2.44, according to CoinDesk Research’s technical analysis model. The model showed that the digital asset carved out strong support foundations within the $2.38-$2.39 corridor, backed by substantial volume validation that became particularly pronounced during the 6:00 AM ET trading hour … Read more
The parent company of South Korean cryptocurrency exchange Upbit, Dunamu, has filed several trademark applications for what is rumored to be a new blockchain project under the name “GIWA.” The trademark applications, which have been circulating on social media, including stylized letters next to what could be the logo of the project. The rumors seem … Read more
Hyperliquid is planning to launch its own stablecoin, in a move that could reduce the decentralized exchange’s (DEX) dependency on Circle’s USDC. In spite of these fears, USDC supply has surged to $72.5 billion, running 25% ahead of Wall Street broker Bernstein’s 2025 estimates. The firm had predicted that the stablecoin’s supply would reach $74 … Read more
MegaETH, an Ethereum scaling network designed for transactions that process so quickly it calls itself a “real-time” blockchain, said on Monday it is launching a native stablecoin with fast-growing DeFi protocol Ethena (ENA). The token, dubbed USDm, will be embedded closely into applications and protocols built on top of the network and aims to help … Read more
Nasdaq-listed Lion Group (LGHL) plans to exchange all of its SOL and SUI holdings for HYPE tokens. The Singapore-based trading platform operator is aiming to capitalize on the launch of custody services for the the Hyperliquid ecosystem in the U.S. by digital asset custodian BitGo. Lion Group said it plans to optimize its crypto portfolio … Read more
Robinhood (HOOD) stock soared 15% on Monday following the company’s inclusion in the S&P 500, the widely tracked benchmark for U.S. equities. The announcement was made after markets closed on Friday and takes effect with the index’s September 22 rebalance. The trading platform, which has seen its stock price nearly triple this year, has long … Read more
Risk assets may face stormier conditions if the Federal Reserve cuts interest rates, as expected, on Sept. 17. That’s the message from futures tied to the VIX index, a measure of expectations of volatility in the S&P 500 over the next 30 days. The index, also called Wall Street’s fear gauge, is calculated in real … Read more
Grayscale has filed with the U.S. Securities and Exchange Commission to convert its existing Chainlink Trust into a spot exchange-traded fund. The proposed ETF — if approved — would trade on NYSE Arca under the ticker GLNK, according to a Monday S-1 registration statement submitted to the regulator. This is one of two documents required … Read more
Bakkt Holdings (BKKT) is trying to reboot after a turbulent few years, Wall Street broker Benchmark said in a Monday report initiating coverage of the stock. Benchmark started coverage of the firm with a buy rating and a $13 price target. The shares climbed 1.3%, trading around $8.63 at publication time. Under new CEO Akshay … Read more
Tetra Digital Group, a digital asset custodian based in Alberta, Canada, said on Monday it has raised around $10 million to develop and issue a regulated stablecoin pegged to the Canadian dollar. Backers of the project include Shopify, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank and Urbana Corporation, which has held a majority stake … Read more