CoinDesk

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

Stellar Lumens (XLM) extended its recent rally over the past 24 hours, climbing 3% as buyers absorbed heightened selling pressure and pushed the token into fresh resistance levels. Between Sept. 1 at 15:00 UTC and Sept. 2 at 14:00 UTC, XLM advanced from $0.36 to $0.36, with volatility of 5% underscoring active participation. The asset … Read more

SmartGold, a gold-backed individual retirement account (IRA) provider, has partnered with tokenization platform Chintai Nexus to let U.S. investors put their gold holdings on blockchain rails and earn a yield in decentralized finance (DeFi) protocols. With the structure, IRA-held gold is tokenized 1:1 on Chintai’s regulated platform, then can be put to work as collateral … Read more

The Solana community voted overwhelmingly in favor of the long-awaited Alpenglow upgrade, bringing the network one step closer to the most significant technical transformation in its history. According to Solana Status on X on Monday, 98.27% of SOL stakers that voted approved the proposal, with only 1.05% voting against and 0.36% abstaining. In total, 52% … Read more

Yunfeng Financial Group (0376) joined the ranks of publicly listed firms to adopt an ether treasury strategy, buying 10,000 ETH for $44 million. Hong Kong-based Yunfeng Financial, a provider of financial services such as insurance, brokerage and asset management, is majority owned by Shanghai-based private equity firm Yunfeng Capital, which was co-founded in 2010 by … Read more

Spetz (SPTZ), doing business as SonicStrategy, has announced It’s receiving $40 million in convertible funding from the foundation behind the Sonic blockchain, Sonic Labs. The financing comes in the form of a six-month, zero-coupon convertible note issued in Sonic’s native S tokens. If SonicStrategy uplists from the Canadian Securities Exchange to the Nasdaq or a … Read more

News Background Whales accumulated about 340M XRP (~$960M) over the last two weeks. This offsets broader selling pressure and shows longer-horizon conviction. September is often a weak month for crypto. Macro uncertainty around central bank policy and growth outlook continues to pressure risk assets. On-chain and trading activity stayed elevated. Early in the session volumes … Read more

After a very rough close to the month of August, crypto markets are starting September on a far stronger tone. The buying got started in force as U.S. traders returned to their desks following the three-day weekend, sending bitcoin (BTC) to as high as $111,700 versus the $107,500 level seen as September began. At press … Read more

Somnia, a Layer 1 blockchain developed by UK-based metaverse technology company Improbable, has gone live with its mainnet and introduced its native token, SOMI. The rollout follows a six month testnet phase in which the network processed more than 10 billion transactions, onboarded 118 million unique wallet addresses, and attracted over 70 ecosystem partners, according … Read more

Shares of CleanCore Solutions (ZONE) sharply plunged on Tuesday after the company announced a $175 million private placement to establish a digital asset treasury focused on popular memecoin dogecoin (DOGE). The transaction involved the sale of 175 million pre-funded warrants at $1 each. More than 80 investors participated, including big-name digital asset firms Pantera, GSR … Read more

The price of BNB was little changed around $850 after a 24-hour period that saw it rising to as high as $855. Heavy selling earlier in the period had pushed the token toward the $840 area, where bids absorbed supply to set a support level, according to CoinDesk Research’s technical analysis model. From there, momentum … Read more

Crypto exchange Kraken and Swiss tokenization firm Backed said on Tuesday they are bringing xStocks, a suite of tokenized equities, to the Ethereum network, aiming to integrate stcoks into decentralized finance (DeFi) infrastructure. The initiative allows eligible Kraken clients to deposit and withdraw xStocks directly on Ethereum, where they will exist as ERC-20 tokens fully … Read more

The Bitcoin network hashrate returned to record highs last month, increasing around 50 exahashes per second (EH/s) to an average of 949 EH/s, Wall Street bank JPMorgan (JPM) said in a research report Tuesday. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is … Read more

The Ether Machine (ETHM), a crypto investment vehicle preparing to go public through a merger with Dynamix Corporation, said on Tuesday it has secured an additional 150,000 ether (ETH), worth about $654 million, from Jeffrey Berns, the founder of Blockchains. The latest commitment brings the company’s total ETH owned or pledged to 495,362 ETH, valued … Read more

HBAR saw heightened volatility over the 24-hour period from Sept. 1, 09:00 to Sept. 2, 08:00, trading within a $0.013 range that marked a 6% intraday swing between $0.21 and $0.22. The token initially slipped from $0.22 down to support at $0.21, weighed by a surge in liquidation volumes that spiked above 79 million. However, … Read more

Crypto exchange Gemini said Tuesday it is seeking a valuation of up to $2.22 billion in its planned U.S. initial public offering, setting the stage for one of the highest-profile debuts in the sector this year. The New York-based firm, founded by Cameron and Tyler Winklevoss, plans to sell 16.67 million shares at a price … Read more

Strategy’s (MSTR) recent share-price weakness has drawn criticism from retail investors who accuse executive Executive Chairman Michael Saylor of undermining discipline by loosening a self-imposed rule against issuing equity when the company’s premium to its bitcoin holdings (mNAV) fell below 2.5x. That criticism, however, misreads the situation, Benchmark analyst Mark Palmer said in a research … Read more

BitMine Immersion Technologies (BMMR), the Nasdaq-listed digital asset treasury firm led by Fundstrat’s Tom Lee, continued to accumulate tokens as crypto prices fell. The firm added over 150,000 ETH through last week, according to a Tuesday press release. The purchase brought the company’s total holdings to 1,866,974 tokens, worth roughly $8.1 billion at current prices, … Read more

BONK navigated sharp swings over the last 24 hours, fluctuating between $0.00001991 and $0.00002123, a 45% trading spread that underscored heightened volatility. Selling pressure intensified late on Tuesday amid a scheduled $11.41 million token unlock, with the token dropping from $0.00002102 to a low of $0.00001991 at 21:00 UTC. This move was accompanied by a … Read more

Strategy (MSTR) continued its relentless bitcoin (BTC) purchases, acquiring another 4,048 coins last week and bringing company holdings to 636,505 coins. Last week’s buys were made for just under $450 million, or an average cost of $110,981 each. They were funded mostly through sales of common stock, with sales of the company’s various preferred shares … Read more

EMB: Sept. 2, 12:30 UTC Artificial intelligence (AI) company Kite raised $18 million to expand its platform for enabling autonomous agents to transact with stablecoins. The round, co-led by General Catalyst and PayPal Ventures, brings the San Francisco-based startup’s cumulative funding to $33 million, according to an emailed announcement on Tuesday. Formerly known as Zettablock, … Read more

Gold rose to a record high of over $3,500 per ounce early Tuesday as bitcoin (BTC) continued to trade in a lackluster fashion. Data tracked by Lookonchain showed that a whale address 0xFf15 offloaded 425 BTC, worth $46.5 million, in exchange for over 10,500 ETH in the past four days. Meanwhile, Glassnode said that long-term … Read more

Internet Computer Protocol (ICP) displayed resilience during the last 24 hours, rising 2.8 percent while the broader CoinDesk 20 index added just 1.9 percent. The token fluctuated across a $0.24 band, equal to a 5% swing, moving between $4.60 and $4.84, according to CoinDesk Research’s technical analysis data model. The most severe decline occurred between … Read more

A trader who made $38 million trading last week’s plasma (XPL) volatility secured another heft payday on Monday, profiting $250 million on the release world liberty financial (WLFI), a decentralized finance (DeFi) token linked to U.S. president Donald Trump’s family. Etherscan data shows that the wallet in question, belonging to a trader known on derivatives … Read more

By Omkar Godbole (All times ET unless indicated otherwise) The crypto market action has been pretty muted in majors, mainly due to the quiet aftermath of Monday’s North American holiday. Yet, two clear themes are still playing out — gold continues to surge to record highs, while bitcoin (BTC) is struggling to find upward momentum. … Read more

Bitcoin’s hashrate has reached 1 zettahash per second (1 ZH/s) on a seven day moving average for the first time, setting a new all time high, according to Glassnode data. The hashrate is the average estimated number of hashes per second produced by miners securing the network. Using a seven day moving average is important … Read more

The global post-trade industry is entering a new phase of transformation driven by digital assets and AI, according to Citi’s latest “Securities Services Evolution” whitepaper. The bank’s fifth annual survey, which gathered input from 537 market participants including custodians, broker-dealers and asset managers, highlights how tokenization, accelerated settlements and AI-driven automation are reshaping trade processing. … Read more

Venus Protocol, one of the largest lending platforms on the BNB Chain, was hit by a suspected exploit on Tuesday with attackers seemingly draining an estimated $27 million worth of assets. On-chain sleuths said they suspect the protocol’s Core Pool Comptroller contract was updated to a malicious address, which then siphoned off tokens including vUSDC … Read more

The big question for bitcoin (BTC) is whether the basis trade, an attempt to profit from the difference between the spot price and the futures market, will return if the Federal Reserve cuts interest rates on Sept. 17. There’s a 90% chance the Federal Open Markets Committee will cut the federal funds target rate by … Read more

Bunni, a decentralized exchange built on Uniswap v4’, paused all smart contract functions after a security breach drained an estimated $8.4 million in crypto. Blockchain security firm CertiK said the exploit targeted BunniHub, Bunni’s main contract system, and resulted in $2.3 million in losses on Ethereum. An earlier attack on Uniswap Labs’ layer-2 network Unichain … Read more