CoinDesk

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

Crypto platform Bullish (BLSH), the parent company of CoinDesk, received a number of stock ratings from Wall Street analysts on Monday, as brokerage firms initiated coverage of the stock after its recent IPO. Rosenblatt Securities started coverage with a buy rating and a $60 price target, citing shifting U.S. political winds and rising institutional adoption … 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 4093.61, up 1.8% (+71.58) since 4 p.m. ET on Friday. Sixteen of 20 assets are trading higher. Leaders: DOT (+5.2%) and SOL (+4.5%). Laggards: BCH (-3.0%) and POL (-1.4%). … Read more

BitMine Immersion Technologies (BMNR) has announced its cryptocurrency holdings now near $9 billion, which the firm says makes it the second-largest crypto treasury firm in the world behind Strategy (MSTR), which holds 638,460 BTC worth over $71 billion. It also fueled a 1,000% surge in a stock looking to accumulate WLD. The company according to … Read more

Dogecoin bulls have long awaited an exchange-traded fund in the U.S. that tracks the token’s volatile price movements, and it could be as soon as this week. The Rex-Osprey DOGE ETF, tickered $DOJE, appears likely to launch this week, according to ETF Store president Nate Geraci. The product would offer investors direct exposure to the … Read more

Tokyo-listed firm Metaplanet (MTPLF) has added an additional 136 bitcoin (BTC) to its treasury, after earlier this month taking its holdings to over 20,000 coins. The acquisition was made at an average purchase price just under $112,000 per bitcoin and lifts the total the firm spent on BTC to more than $2 billion. Metaplanet tracks … Read more

CoinShares, one of Europe’s largest digital asset managers, is heading to Wall Street. The company announced Monday that it will go public in the United States through a $1.2 billion merger with Vine Hill Capital Investment Corp (VCIC)., a Nasdaq-listed SPAC. The deal shifts CoinShares’ listing from Stockholm to New York, opening access to U.S. … Read more

Bybit has announced it’s resuming full crypto trading services in India after months of regulatory friction, after paying a $1 million fine and registering with the country’s financial watchdog to regain compliance. The Dubai-based crypto exchange said in a press release that Indian users now have full access to its mobile app via the App … Read more

Worldcoin’s WLD tokens surged 25% in the past hours to extend weekly gains to nearly 50%, with growth across wallet metrics and users and a new engineering partner for the network’s anonymized multi-party computation system. The University of Engineering and Technology in Peru (UTEC) has joined Worldcoin’s AMPC framework, becoming the latest academic operator alongside … Read more

Tether CEO Paolo Ardoino has dismissed suggestions that the stablecoin company has been offloading its bitcoin holdings in order to buy gold. Ardoino said Tether, issuer of the world’s largest stablecoin USDT, “didn’t sell any bitcoin,” in a post on X on Sunday. The Tether CEO was responding to suggestions from YouTuber Clive Thompson that … Read more

NASDAQ, the U.S. exchange where the tech sector’s biggest names list their stocks, is seeking to put stocks on the blockchain, asking the U.S. Securities and Exchange Commission on Monday to bless its effort even as others in the securities world are sprinting toward the same tokenization goal. If the SEC filing is approved, the … Read more

Most cryptocurrencies are in the green, with tokens like Ethena’s ENA and dogecoin (DOGE) looking to better their already impressive double-digit 24-hour price gains. The CoinDesk 20 Index (CD20), a measure of the broad market, is 2% higher with 16 members advancing. Still, Alex Kuptsikevich, the chief market analyst at the FxPro, remains cautious. “The … Read more

Strategy (MSTR) announced another 1,955 BTC purchase for $217 million on Monday, bringing the technology company’s total holdings up to 638,460 BTC, according to an SEC filing. The recent buys were made at $111,196, lifting the average purchase price up to $73,880 bet bitcoin. The announcement comes as BTC rose from $110,500 to $112,200 on … Read more

By Omkar Godbole The bearish sentiment that followed Friday’s disappointing U.S. nonfarm payroll data quickly ran out of steam over the weekend. That has allowed a few coins, including Ethena’s ENA, worldcoin (WLD), hyperliquid (HYPE) and dogecoin (DOGE), to post impressive gains in the last 24 hours. Bitcoin (BTC), which dropped below the key support … Read more

Forward Industries (NASDAQ: FORD) has raised $1.65 billion in cash and stablecoin commitments through a private investment in public equity (PIPE) led by Galaxy Digital, Jump Crypto, and Multicoin Capital, marking the largest Solana-focused treasury financing to date. The firm’s shares jumped 128% in pre-market trading, while SOL rose by 2.3% following the announcement The … Read more

Stellar’s native token, XLM, posted a 2.32% gain in the 24-hour window from September 7 at 09:00 to September 8 at 08:00, climbing from $0.36 to $0.37. The cryptocurrency traded within a narrow $0.01 band, with lows at $0.36 and highs at $0.37, marking a 2.66% intraday range. Trading activity peaked at 14:00 on September … Read more