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
HBAR Maintains Steady Gains Amid Institutional SupportHedera’s HBAR token posted steady gains in a 23-hour trading stretch from September 7 at 09:00 through September 8 at 08:00, trading within a tight $0.0042 band. Price action reflected just 2% volatility between key $0.22 support and resistance levels, underscoring a period of relative stability for the enterprise-focused … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin (BTC) may not have rallied on Friday’s dismal jobs data, which strengthened the Federal Reserve’s rate cuts, but all hope is not lost. A shorter-duration chart reveals that BTC is forming a bullish inverse head-and-shoulders pattern – a classic reversal … Read more
Bitcoin traded just over $111,000 on Monday, maintaining its range from the past week, even as traders continue to assess macro signals for cues on crypto market positioning. Ether (ETH) traded around $4,293, XRP rose 2.5% to $2.90, Solana’s SOL added 2.6% to $208, and dogecoin (DOGE) outperformed with a 7% jump to 23 cents. … Read more
Crypto exchange HashKey unveiled plans to build a $500 million fund for investments in digital asset treasury companies. HashKey, one of the first regulated crypto exchanges in Hong Kong, said it will build a diversified portfolio of digital asset treasury projects focused on mainstream cryptocurrencies. It will initially concentrate on bitcoin (BTC) and ether (ETH), … Read more
Backpack Exchange, a global cryptocurrency trading platform, said Monday that its European division, Backpack EU, is officially live. Operating out of Cyprus and licensed under the European Union’s MiFID II framework, the exchange is positioning itself as one of the first fully regulated venues in Europe to offer crypto derivatives, starting with perpetual futures. “As … Read more
Crypto price rallies come and go, but some things never change — hacks. The latest victim? Nemo, a yield protocol based on the Sui blockchain. The protocol fell victim to a $2.4 million exploit on Monday, underscoring persistent vulnerabilities in decentralized finance (DeFi) despite growing institutional adoption of digital assets. The malicious entity stole USDC, … Read more
Decentralized exchange and layer-1 chain Hyperliquid’s plan to launch a proprietary stablecoin, USDH, has turned into one of the most contentious governance battles of recent years in crypto. At stake is control of a dollar-pegged token that could replace the $5.5 billion of USDC, which currently represents 95% of the platform’s stablecoin supply, and generate … Read more
Options data from Deribit reveals a striking divergence in sentiment for major cryptocurrencies, with bullish positioning in XRP (XRP) and solana (SOL contrasting with lingering downside fears in bitcoin (BTC) and ether (ETH). As of the time of writing, XRP call options or bullish bets were pricier than puts across all tenors, according to data … Read more
Dogecoin posted a controlled rise within a tight intraday band, with buyers repeatedly defending the $0.213–$0.214 area and sellers leaning into the $0.220–$0.221 zone. Momentum improved on rebounds where volume rose above session norms, but late momentum fades kept price pinned just below resistance into the close. News Background No confirmed catalyst headlines drove the … Read more
XRP jumped sharply in Monday’s session, climbing from $2.83 to $2.88 as a breakout push briefly tested $2.92 on six-fold average volume. Bulls held firm above $2.86 support, but repeated rejection at $2.90–$2.92 capped upside momentum. With Fed rate cut bets near 100% ahead of the September 17 meeting, institutional inflows remain strong — leaving … 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. Bitcoin treasury companies were the talk of the town during the … Read more
Christian Catalini, co-creator of Facebook’s Libra project, warned on Friday that Stripe’s Tempo and Circle’s Arc could succeed commercially but at the cost of crypto’s decentralization ideal. Launched in 2019, Libra was Meta’s bold bid to create a global digital currency backed by a basket of stable assets. The project promised to make payments as … Read more
Chainlink CEO Sergey Nazarov met with U.S. Securities and Exchange Commission Chairman Paul Atkins, who Nazarov said was keenly interested in how best to bring on-chain assets into compliance with securities laws. The chief executive of Chainlink, a network specializing in authenticating real-world data for smart contracts, said he was impressed with how much the … Read more
Bitcoin’s illiquid supply—the portion of coins held by entities with little history of spending—has climbed to a new record high, surpassing 14.3 million BTC in late August, according to Glassnode. With 19.9 million BTC currently in circulation, around 72% of the total supply is now illiquid, held by entities such as long-term holders and cold … Read more
Stablecoin adoption among retail users has set new records this year, with transaction volumes through August already exceeding last year’s total, a fresh report by CEX.io said. Retail-sized transfers, counting transactions under $250, crossed $5.84 billion in August alone, the highest ever recorded, according to data by Visa and Allium cited in the report. With … Read more
Spot ether exchange-traded funds (ETFs) logged their fifth straight day of outflows this week, shedding $952 million in total and over $787 million in the four-day week alone. The withdrawals followed a record-setting August when spot ether ETFs pulled in $3.87 billion even as bitcoin ETFs saw $751 million in net outflows, according to SoSoValue … Read more
Cathie Wood’s ARK Invest stepped up its bets on crypto-related equities Friday, buying more than $23.5 million in BitMine Immersion Technologies (BMNR) and crypto exchange Bullish, the parent company of CoinDesk, across three of its actively managed ETFs. Trade disclosures show the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech … Read more
Bad news has just been bad news over the past 24 hours. Friday’s weak U.S. jobs report bolstered bets on deeper Fed cuts, but bitcoin (BTC) hasn’t played along. The leading cryptocurrency by market value remains heavy below $112,000, instead of rallying on the prospect of easier monetary policy as many had anticipated. The inability … Read more
Crypto analytics platform Santiment said on Friday that several well-known assets captured the most attention in online discussions this week, with BTC, ETH, DOGE, USDT and EGLD leading the list. According to Santiment, BTC dominated conversation as users debated its role as “digital gold,” its long-term investment appeal and the significance of growing government and … Read more
India and the United States top the world in cryptocurrency adoption this year, according to Chainalysis’ 2025 Geography of Cryptocurrency Report, underscoring how both grassroots and institutional forces are shaping the market’s trajectory. The sixth edition of the annual Global Crypto Adoption Index ranks India first across every sub-category measured, from retail to institutional flows. … Read more
Stablecoin X Assets Inc. and TLGY Acquisition Corp. have announced they secured $530 million in new private investment in public equity (PIPE) financing, expanding their war chest to $890 million. The raise comes as the firms prepare to merge and list on the Nasdaq under the StablecoinX name under the ticker “USDE.” The funds will … Read more
Capital markets are in flux. As evolving monetary policy casts a spotlight on a fragmented global economy, the stability of infrastructure for borderless transactions with digital assets stands out as a superior alternative to the traditional system. Blockchain is a viable solution to many of today’s financial challenges. Uniquely, its clearest beneficiaries are two distinctly … Read more
Dogecoin staged sharp price swings during the September 5–6 trading window, rising nearly 1% as volume jumped 29% above weekly averages. A midday selloff to $0.213 was quickly absorbed by buyers, underscoring institutional support and ETF-driven speculation. Traders now view $0.22 as the key breakout threshold that could define near-term momentum. News Background • Dogecoin … Read more
Tokenization is the next big step in how financial assets are housed, and offers advantages over existing traditional structures, Wall Street firm Bank of America (BAC) said in a Friday report, noting that it also brings risks. At its core, tokenization is the process of converting ownership of real-world assets, from stocks and bonds to … Read more
Brazil’s largest private asset manager Itaú Asset Management has formed its first dedicated crypto division and named João Marco Braga da Cunha, a former executive at Hashdex, to run the new unit. The division, local news outlet Livecoins reports, will sit within Itaú’s multidesk investment structure, which oversees more than 117 billion reais ($21.6 billion) … Read more
Stripe CEO Patrick Collison said stablecoins are gaining adoption because they offer businesses faster, cheaper and more reliable payments than traditional systems. His remarks came in a Hacker News thread on Sept. 5, 2025, one day after Stripe and Paradigm launched Tempo, a blockchain designed specifically for stablecoin payments. In his first comment on the … Read more
Here’s what we’re looking for now that Congress is back from summer recess and we enter the final four months of 2025. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Welcome to the last four months of … Read more
XRP failed to sustain momentum above $2.88–$2.89, triggering a 4% decline as institutional selling capped the advance. Heavy volume confirmed resistance at those levels, while buyers reappeared in the $2.81–$2.83 range to stabilize price action. The move keeps XRP locked in a 47-day consolidation under $3.00, with traders now eyeing the $2.77 support pivot and … Read more