AlphaTON Capital, a Nasdaq-listed company newly rebranded from Portage Biotch (PRTG), said it will purchase about $100 million worth of toncoin (TON) to build a digital asset treasury firm offering exposure to the token. The firm will operate under the ticker “ATON” starting Sept. 4. It plans on managing TON network infrastructure and incubating applications … Read more
American Bitcoin (ABTC), a newly public bitcoin mining and treasury firm backed by Donald Trump Jr. and Eric Trump, opened for trade Wednesday morning after completing its merger with Gryphon Digital Mining (GRYP). Wasting little time, the company filed for an at-the-market equity raise of up to $2.1 billion with which to continue building its … Read more
The Lido Ecosystem Foundation has rolled out its new GG Vault (GGV), a streamlined solution designed to give crypto users quick and easy access to diversified, high-yield DeFi strategies. GG Vault, which is now available via the new Earn tab, will automatically deploy user deposits across a basket of trusted DeFi protocols, helping investors earn … Read more
U.S. Bank said it restarted cryptocurrency custody offerings for institutional investment managers, broadening the service to include bitcoin (BTC) exchange-traded funds (ETFs). The program, first rolled out in 2021 and put on hold in 2022, is available on an early access basis through U.S. Bank’s Global Fund Services division, the bank said Wednesday. Custody operations … Read more
Ondo Finance launched Wednesday its tokenized equity platform dubbed Ondo Global Markets, offering non-U.S. investors access to more than 100 U.S. stocks and exchange-traded funds (ETFs) on-chain. The tokenized equities, first announced in February, has gone live on Ethereum and are backed by securities held at U.S.-registered broker-dealers, the firm said. The offering includes crypto … 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 4055.49, up 1.6% (+65.75) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: AVAX (+5.2%) and BCH (+3.4%). Laggards: POL (+0.0%) and APT (+0.6%). The … Read more
ArbitrumDAO has unveiled season one of its $40 million DeFi Renaissance Incentive Program (DRIP), allocating up to 24 million ARB tokens to accelerate decentralized finance growth on the Arbitrum network. The first season of DRIP focuses on leveraged looping strategies for yield-bearing ETH and stablecoins, with incentives flowing to leading lending and borrowing protocols including … Read more
European Central Bank (ECB) President Christine Lagarde urged European Union (EU) lawmakers to impose stringent requirements and safeguards on foreign stablecoins. Lagarde argued they should comply with the bloc’s regulatory standards before operating on EU soil, she said in a speech at a European Systemic Risk Board (ESRB) conference in Frankfurt on Wednesday. The ECB … Read more
Solowin Holdings (SWIN), a publicly-traded investment holding firm, has announced it completed a $350 million acquisition of stablecoin infrastructure provider AlloyX, integrating its talent and technology as it aims to bolster its expansion into emerging markets. The Hong Kong-based financial firm said in a press release that the deal integrates AlloyX’s infrastructure, including a stablecoin … Read more
Bybit, one of the world’s largest cryptocurrency exchanges, has launched its debit card across the European Economic Area (EEA), offering users a way to spend digital assets at merchants connected to the Mastercard payment network. Bybit EU’s card supports spending in bitcoin, USDC and other cryptocurrencies and allows users to link the card to Apple … Read more
Silent Data, a new Ethereum Layer 2 network developed by Applied Blockchain, has become the first privacy-focused chain to join the Superchain, the company said in a Wednesday press release. Built on the OP Stack, the London-based project is designed to let organizations run blockchain applications without exposing sensitive information, combining what it calls “programmable … Read more
Crypto infrastructure provider Utila raised $22 million in its latest fundraising round nearly tripling its valuation in the last six six months, the firm told CoinDesk. The round was led by Red Dot Capital Partners with Nyca, Wing VC, DCG and Cerca Partners among investors also participating, extending the March Series A funding round to … Read more
Bitcoin (BTC) is trading in a tight range around $111,000 having lost 2.9% of its value over the past 30 days. Bitcoin dominance has slipped from 61% to 57% in same period, indicating a bullish outlook for altcoins, coinciding with a slew of crypto treasury companies adoption altcoin accumulation strategies. Ether (ETH), up 1.1% since … Read more
Glassnode’s HODL Waves visualize the distribution of bitcoin (BTC) supply across different age bands. Each colored band represents the percentage of BTC last moved within the time frame shown in the legend. The recent narrative around bitcoin’s declining price has focused on OG whales (long-time holders with large balances) selling their coins. This is partly … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) rose just 0.6% in the last 24 hours, while the wider market as measured by the CoinDesk 20 (CD20) Index added 0.4%. The gain is overshadowed by gold’s increase and a major government bond sell-off. The precious metal broke through $3,500 per ounce for … Read more
Digital asset investment firm Galaxy Digital (GLXY) is bringing its stock onto blockchain rails as equity tokenization is gaining steam. The Nasdaq-listed company has partnered with blockchain firm Superstate to make its Class A common stock available as tokens on the Solana (SOL) network through Superstate’s Opening Bell platform. The arrangement preserves the full rights … Read more
Venus Protocol, a major lending platform on BNB Chain, said it fully restored operations after suspending withdrawals and liquidations in response to a suspected exploit on Tuesday. The protocol confirmed on Wednesday that lost funds had been recovered and that the pause allowed security teams to complete full checks to ensure its front end was … Read more
Treasury BV said it raised 126 million euros ($147 million) in a private funding round led by Winklevoss Capital and Nakamoto Holdings, allowing it to acquire more than 1,000 bitcoin (BTC) as it seeks to become the largest publicly traded European bitcoin treasury company. For the public listing, the company led by CEO Khing Oei … Read more
Strategy (MSTR), the bitcoin (BTC) treasury company that has sold tranches of preferred stock to raise money to buy more of the largest cryptocurrency, increased the dividend on its STRC offering to attract more investors and push the price toward its $100 target. The Tysons Corner, Virginia-based company increased the payout by 1 percentage point … Read more
Bitcoin’s (BTC) slide into September comes with an uncomfortable reminder for traders that history is not on their side. The largest token by market capitalization has declined in nine of the last 14 September months, with an average monthly loss of around 12%. This seasonality looms large again in 2025. Bitcoin opened the week near … Read more
Global cryptocurrency trading firm OKX was fined 2.25 million euros ($2.6 million) by the Dutch National Bank (DNB) for offering crypto services in the Netherlands without having registered with the financial regulator. The fine on the company, whose official name is Aux Cayes Fintech Co., relates to the period July 2023 to August 2024, before … Read more
Figure Technologies, the blockchain lender founded by SoFi co-founder Mike Cagney, is aiming for a valuation of up to $4.13 billion in its upcoming initial public offering, according to new filings with the U.S. Securities and Exchange Commission. The company and its backers are seeking to raise as much as $526 million through the share … Read more
News Background DOGE swung 4% intraday between $0.207 and $0.215 in the 24h session from Sept. 2 at 02:00 to Sept. 3 at 01:00. Trading volume surged to 949M, about 21% above weekly averages, signaling strong market participation. ETF speculation remains a catalyst: Polymarket odds of DOGE ETF approval rose to 71% from 51% ahead … Read more
News Background XRP traded in a volatile 23-hour session from Sept. 2 at 03:00 to Sept. 3 at 02:00, moving between $2.76 and $2.86. Geopolitical and monetary policy uncertainty continue to drive volatility across crypto markets. Fed rate-cut expectations remain in flux after inflation data releases, adding to liquidity stress. Whale accumulation of 340M XRP … 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. While traders fixated on Jerome Powell’s latest rate signals, the more … Read more
The Ethereum Foundation (EF) shared in a post on X on Tuesday that it plans to sell 10,000 ETH via centralized exchanges over the next several weeks to support work towards research & developments, ecosystem grants, and related donations. According to CoinMarketCap, the ETH will amount to roughly $43 million at Tuesday’s prices. “Conversions will … Read more
Certain crypto assets can change hands with a stamp of approval from both of the U.S. markets regulators, according to a joint statement from the Securities and Exchange Commission and the Commodity Futures Trading Commission, which said that today’s registered trading platforms can do that business with the agencies’ blessing. In a stark shift from … Read more
Crypto platform Bullish (BLSH), the parent company of CoinDesk, said Tuesday that it has named David LaValle, a longtime figure in the exchange-traded fund industry, president of CoinDesk Indices and Data. LaValle joins from Grayscale Investments, where he spent four years as global head of ETFs. Hired in 2021, he was instrumental in efforts to … Read more
Coinbase Derivatives said it will introduce a new type of equity index futures contract later this month, offering investors exposure to both leading U.S. technology stocks and cryptocurrency exchange-traded funds (ETFs) in a single product. Launching Sept. 22, the Mag7 + Crypto Equity Index Futures will be the first U.S.-listed derivatives contracts to combine traditional … Read more
Sharp gains in alternative cryptocurrencies could define the year-end, with SOL, XRP, and TRUMP poised to lead the charge, crypto options and derivatives platform PowerTrade said Tuesday. “Traders were placing bets for altcoin season running into year-end with strong upside call activity for end-of-December expirations in AEVO, AR, DOGE, ENA, HYPE, LINK, MOG, PAXG, SOL, … Read more