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
Adam Back, an early Bitcoin developer and the co-founder and CEO of Blockstream, has weighed in on the debate about what he calls “JPEG spam” on the Bitcoin blockchain. Back argues that it undermines the cryptocurrency’s core purpose as money in a thread on X (formerly Twitter) on Friday. Bitcoin should be considered “owned by … Read more
Belarus President Aleksandr Lukashenko urged regulators to finalize long-delayed rules for cryptocurrencies and digital tokens, according to remarks reported by state news agency BelTA on Sept. 5. BelTA quoted Lukashenko as saying his 2023 instructions to craft comprehensive regulation had yet to produce approved documents. He called for “transparent rules of the game” and new … Read more
World Liberty Financial (WLFI) is defending its decision to freeze hundreds of wallets, including Tron found Justin Sun’s, saying the move was meant to protect users from phishing-related compromises, not to stifle normal trading. “WLFI only intervenes to protect users, never to silence normal activity,” the project wrote on X. WLFI said earlier this week … Read more
A new exploit targeting AI coding assistants has raised alarms across the developer community, opening companies such as crypto exchange Coinbase to the risk of potential attacks if extensive safeguards aren’t in place. Cybersecurity firm HiddenLayer disclosed Thursday that attackers can weaponize a so-called “CopyPasta License Attack” to inject hidden instructions into common developer files. … Read more
Cardano’s retail base has flipped bearish after weeks of drawdowns, setting up conditions where whales could step in. Data from Santiment shows ADA’s bullish-to-bearish commentary ratio slumped to 1.5:1 this week — the lowest in five months. The sentiment dip coincided with a 5% rebound, suggesting traders who sold into frustration may have helped mark … Read more
Michael Saylor’s Strategy (MSTR) missed out on being added to the S&P 500 index on Friday, despite hopes of inclusion after the company posted one of the strongest quarters in its history and met all criteria for joining the index. The stock of the largest corporate bitcoin (BTC) holder declined nearly 3% after market hours, … Read more
The U.S. Senate’s work on the crypto industry’s top policy priority — a bill to establish the regulatory workings of crypto markets in the U.S. — advanced further on Friday with the private circulation of a new draft bill that further outlines protections for crypto developers and bankruptcy guidelines for some digital asset issuers. Despite … Read more
Decentralized exchange Hyperliquid (HYPE) is preparing to launch its own U.S. dollar stablecoin, according to a Friday announcement from the Hyperliquid Foundation on the platform’s Discord server. The protocol has reserved the ticker USDH, which validators will soon vote to allocate through an on-chain governance process, the announcement read. Teams interested in deploying USDH can … Read more
SOL Strategies (HODL), a Toronto-listed digital asset firm focused on the Solana blockchain, has secured approval to list its common shares on the Nasdaq Global Select Market. Trading will begin Sept. 9 under the ticker STKE, the company said Friday. Shares will continue to trade on the Canadian Securities Exchange (CSE) under HODL, but will … Read more
Ether exchange-traded funds (ETFs) have recorded four consecutive days of outflows, marking a sharp turn in sentiment after a month of heavy inflows that saw them outperform their bitcoin (BTC) counterparts. Over the past four trading sessions, spot ether ETFs shed a combined $505.4 million, according to data compiled by Farside Investors. By contrast, bitcoin … Read more
Ethereum’s validator entry queue has surged past the exit queue for the first time in weeks, signaling renewed demand to stake ether (ETH) just as fears of a major sell-off subside. At the time of writing, 932,936 ETH ($4 billion) sits in the entry queue compared with 791,405 ETH ($3.3 billion) in the exit queue, … Read more
Filecoin (FIL) spiked 3% followed by a 2% decline as volatile trading configurations emerged amid evolving market dynamics, according to CoinDesk Research’s technical analysis model. In recent trading FIL was 3.4% higher over 24 hours, trading around $2.32. The model showed that the overall trading range was $0.15, or 6%, between the low of $2.23 … Read more
An early ether ETH investor just rejoined the market’s economic layer with one of the largest staking deposits in recent memory. On-chain data flagged 150,000 ETH, worth about $646 million, moving from three wallets tied to Ethereum’s 2014 initial coin offering into a staking address on Thursday evening. The wallets had been inactive since February … Read more
Stellar’s XLM token demonstrated impressive resilience over the past 24 hours, climbing from $0.36 to a session peak of $0.37 before retracing to end at $0.36. The move represented a 5% intraday range, underscored by heavy trading activity that pointed to heightened market participation. Notably, the asset found solid footing at $0.35 during the September … Read more
LINK, the native token of oracle service Chainlink has been under pressure recently as a number of positive headlines failed to break the decline. The token slid another 2.8% over the past 24 hours to $22.4 while the broader market, as measured by the CoinDesk 20 Index was little changed, CoinDesk data shows. It’s trading … Read more
Crypto markets quickly sold off in mid-morning U.S. Friday hours even as August employment data argued for a quick pace of monetary easing from the Federal Reserve. At first, news that the U.S. added just 22,000 jobs last month had all markets – crypto, stocks, bonds and gold — in rally mode amid anticipation of … Read more
XRP pulled back sharply after failing to sustain momentum above the $2.88–$2.89 resistance zone, even as ETF speculation continues to build ahead of October SEC deadlines. The selloff highlights a pivotal inflection point as institutional flows battle against long-term consolidation patterns that many analysts believe could precede a larger move. News Background • XRP fell … Read more
Hedera’s HBAR token staged an early rally but ended Thursday’s session battered, as heavy sell pressure erased gains and broke through critical technical levels. The token climbed 6% from $0.21 to $0.22 in the 23 hours leading up to 14:00 UTC on Sept. 5, establishing a modest $0.013 trading range. However, the move quickly soured … Read more
Bank of America (BAC) sees tokenization, the creation of a virtual investment vehicle on the blockchain linked to a tangible asset, as the next phase in the evolution of investment products, describing it as “mutual fund 3.0,” the Wall Street bank said in a Friday report. Just as mutual funds first emerged in 1924 and … Read more
The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission plan to hold a joint roundtable as a next step in their efforts to make the U.S. markets friendlier to financial firms, including crypto businesses. The heads of the agencies — SEC Chair Paul Atkins and Acting CFTC Chair Caroline Pham — announced a … Read more
Thumzup Media, the Nasdaq-listed company backed by Donald Trump Jr., is making a major bet on retail favourite dogecoin (DOGE) with plans to deploy 3,500 Dogecoin mining rigs by year-end. The expansion is expected to come through a pending acquisition of Dogehash, a miner focused on the Scrypt algorithm that secures both Dogecoin and Litecoin. … Read more
Trump Media and Technology Group (DJT), the parent of Truth Social linked to U.S. President Donal Trump, closed a purchase agreement with crypto exchange Crypto.com that gives it 684.4 million Cronos (CRO) tokens. The $105 million transaction, split between cash and stock, amounts to about 2% of the circulating supply of the token, the firms … 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 4081.41, up 3.0% (+120.44) since 4 p.m. ET on Thursday. All 20 assets are trading higher. Leaders: SUI (+5.0%) and FIL (+4.5%). Laggards: AAVE (+1.1%) and XRP (+2.3%). The … Read more
The employment situation in the U.S. continued to show softness last month, likely sealing the deal for a rate cut at the Federal Reserve’s upcoming meeting in mid-September. Nonfarm payrolls rose by 22,000 in August, according to a Bureau of Labor Statistics report released Friday morning. That was shy of economist forecasts for 75,000 and … Read more
As the crypto market awaits the U.S. nonfarm payrolls release for insights on the how the Federal Reserve might act on interest rates, implied volatility indexes point to moderate price volatility in major cryptocurrencies. At press time, Volmex’s annualized bitcoin (BTC) one-day implied volatility index was 43.80. That means a 24-hour expected price swing of … Read more
Investment firm Sora Ventures announced what it says is Asia’s first dedicated bitcoin (BTC) treasury fund, with plans to buy $1 billion worth of the cryptocurrency in the next six months. The announcement was made during Taipei Blockchain Week, where the firm revealed $200 million in initial commitments from investors across the region. The fund … Read more
By Omkar Godbole (All times ET unless indicated otherwise) As both traditional and crypto markets await the U.S. nonfarm payrolls data, some unrelated news hit the wires, underscoring gold’s appeal as a universal haven. The Financial Times reported that Tether, the issuer of world’s largest dollar-pegged stablecoin, is considering a serious play in the gold … Read more
Stablecoins are fast becoming a mainstream payment vehicle and not just for legitimate transactions. Criminals, like everyone else, would rather avoid currency risk as they move large sums of money around. That can make stablecoins like Tether’s USDT and the USDC issued by Circle Internet (CRCL), whose values are pegged 1:1 to the U.S. currency, … Read more
The European subsidiary of cryptocurrency exchange Bullish (BLSH) has won a license under the Markets in Crypto-Assets (MiCA) regulation in Germany. Bullish Europe secured the license from the Federal Financial Supervisory Authority (BaFin), having previously gained crypto brokerage and custody licenses from the regulator, the company announced via email on Friday. Ascending to MiCA licensing … Read more