CoinDesk

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

Metaplanet Inc (3350) shares gained more than 2.5% to 853 yen on Tuesday after investors approved key amendments at an extraordinary general meeting held on Sep. 1. The company announced that shareholders backed three proposals that expand its financial and governance flexibility. The first resolution increased the maximum number of authorized shares to 2.7 billion … Read more

Falling prices aren’t the only losses World Liberty Financial (WLFI) holders are facing just a day after the token went live for trading. Hackers are apparently exploiting a loophole tied to Ethereum’s recent Pectra upgrade, draining WLFI tokens through what security firms are calling a “classic EIP-7702 phishing exploit.” WLFI, the Donald Trump–linked governance token … Read more

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. XRP: Prints spinning bottom XRP (XRP) chalked out a “spinning bottom” candlestick pattern on Monday, which occurs when prices swing back and forth in a broad range, but end the day near the opening price. The shadows representing the intraday high … Read more

Japanese cryptocurrency exchange Coincheck, whose Netherlands-based holding company listed the trading platform on the Nasdaq last year (CNCK), has acquired Aplo, a digital asset prime brokerage firm regulated in France by the Autorité des Marchés Financiers (AMF). The acquisition will help Coincheck, a popular exchange in Japan, expand into Europe, the companies said on Tuesday. … Read more

Chinese investors have borrowed a record amount to buy local stocks, offering risk-on cues to global markets, including cryptocurrencies. However, crypto traders still appear to be more cautious. According to Bloomberg, margin trades outstanding in China’s onshore equity market surged to 2.28 trillion yuan ($320 billion) on Monday, surpassing the previous 2015 peak of 2.27 … Read more

Bitcoin (BTC) hovered around $110,000 on Tuesday morning even as gold tore through record highs, indicating how crypto traders are hedging the Federal Reserve’s next move. Crypto majors spent the past seven days bleeding lower before an uptick on Tuesday. Bitcoin rose 2.7%, while ether (ETH) remained flat. Other majors, such as XRP (XRP), Solana’s … Read more

Long-term bitcoin (BTC) holders have stepped up their liquidations in recent weeks, adding to bearish pressures in the market. On Friday, these so-called patient holders offloaded 97,000 BTC (nearly $3 billion), marking the largest single-day long-term holder sell-off of the year, which accounts for the bulk of the recent increase in spending activity, according to … Read more

Without OP_CAT, Bruce Liu says Bitcoin is as “useful as a jumbo jet without wings” capable of much more than it’s allowed to do, but stuck on the ground while Ethereum and Solana soar. Liu, the founder of OPCAT_Labs, says a single opcode, OP_CAT, could transform Bitcoin from static digital gold into programmable money that … Read more

World Liberty Financial (WLFI), the Trump-family-affiliated DeFi project, is pitching a new tokenomics maneuver to shore up confidence after its rocky trading debut: a buyback-and-burn program funded by protocol-owned liquidity fees. The proposal comes as WLFI faces sharp market headwinds following its highly publicized trading debut across major exchanges, including Binance, OKX, Upbit, Coinbase, Bithumb, … Read more

A fresh slate of Ethereum testnets is replacing Holesky, the once-massive staging ground now set for shutdown after two years of service. The wind-down will occur two weeks after the Fusaka upgrade is finalized later this year, at which point client and infrastructure teams will cease providing support. Fusaka is set to make Ethereum rollups … Read more

News Background XRP rose 3% in the 24-hour window from Sept. 1 at 03:00 to Sept. 2 at 02:00, moving between $2.70–$2.83 on 5% intraday volatility. Institutional activity dominated early hours, with 164.9M XRP traded at 07:00–08:00 GMT, almost double the 24-hour average of 86M. Whales accumulated 340M tokens (~$960M) over the past two weeks, … Read more

News Background Dogecoin traded through a volatile 24-hour session from Sept. 1 at 03:00 to Sept. 2 at 02:00, in line with broader crypto choppiness as markets absorbed macro headlines on trade policy and Fed signaling. Institutional desks remain active in memecoins, with 809M DOGE traded at the 07:00 rally and 806M DOGE during the … 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. Digital Asset Treasury (DATs) companies – firms that put bitcoin on … Read more

As the price of gold is on the cusp of breaking its April peak, the market size of crypto tokens backed by the precious metal has already surged to fresh all-time highs. The overall market capitalization of tokenized gold topped $2.57 billion, CoinGecko data shows, as the two leading offerings, Tether’s XAUT and Paxos’ PAXG … Read more

XRP hovered near $2.75 on Monday, down 2.38% over 24 hours, as traders weighed key support and resistance levels flagged by crypto analyst Ali Martinez. In a post on Aug. 31, Martinez stressed that XRP “must hold above $2.77” or risk falling toward $2.40. His chart illustrated a clear floor around $2.77 that had previously … Read more

The price of BNB saw sharp intraday swings over the past 24-hour period as it continued to drop from an all-time high of $900 seen late last month. Over a 24-hour window, the asset traded between $849.88 and $868.76, a 2% move that began with bullish momentum but ended with signs of fatigue near resistance. … Read more

Stellar’s native token XLM endured heavy selling pressure over the past 24 hours, trading in a tight but punishing 5% range between $0.34 and $0.36. The session began with relative stability before a late-evening selloff knocked the token from its $0.36 peak to $0.34. Trading volume surged past 57 million units at midnight as the … Read more

Hedera’s HBAR token faced renewed selling pressure as institutional investors trimmed exposure, pushing the asset down about 4% between Aug. 31 and Sept. 1. Trading activity was concentrated around the $0.22 mark, with intraday swings ranging from $0.23 highs to $0.22 lows. The heaviest selling emerged during after-hours, when more than 110 million tokens exchanged … Read more

The native token of Polygon (POL), an Ethereum scaling network, led gains through the weekend in the broad-market crypto benchmark CoinDesk 20 Index (CD20). POL surged 16% from Friday through early Monday, topping $0.29 for the first time since early March, CoinDesk data shows. Recently, it pared back some of the advance slipping below $0.28. … Read more

Bitcoin’s (BTC) realized capitalization, an on-chain metric that measures the value of coins at the price they last transacted, has continued rising even as the spot price drops, signaling investor conviction to the network and an indication the economic backbone of the largest cryptocurrency is strengthening. After first crossing $1 trillion in July, Glassnode data … Read more

News Background DOGE traded through a volatile 23-hour session from Aug. 31 at 13:00 to Sept. 1 at 12:00, aligning with broader choppiness in altcoins as Bitcoin slipped intraday. On-chain trackers flagged 808.9M DOGE traded in the rebound, a ~14% jump compared with weekly averages of 378.5M, pointing to elevated institutional activity. Broader meme-coin markets … Read more

Token trades between $2.70–$2.84 in Aug. 31–Sept. 1 window, with whale accumulation countering heavy resistance at $2.82–$2.84. News Background XRP fell from $2.80 to $2.70 during late Aug. 31–early Sept. 1 before rebounding to $2.82 on heavy volumes. Whales accumulated 340M XRP over two weeks, a signal of institutional conviction despite short-term bearish pressure. On-chain … Read more

Bitcoin token protocol BRC20 has taken a step toward enabling Ethereum-style smart contracts. The Bitcoin token protocol has integrated Ethereum Virtual Machine (EVM) into its core logic as of Bitcoin block 912,690, according to an announcement shared with CoinDesk on Monday. BRC20 is a token standard for issuing fungible tokens on the Bitcoin blockchain via … Read more

Popular memecoin PEPE dropped roughly 1% as a major token holder sent 500 billion tokens valued around $4.8 million to Binance, adding selling pressure to the token. The move comes amid a 40-day downtrend that cost the trader roughly $450,000. Tokens are often transferred to accounts on exchanges in preparation for an impending sale. The … Read more

MicroStrategy, now doing business as Strategy (MSTR), has officially qualified for potential inclusion in the S&P 500 after posting one of the strongest quarters in its history. In the second quarter of 2025, the company reported $14 billion in operating income and $10 billion in net income, equal to $32.6 in diluted earnings per share. … Read more

Community members of Sonic, the rebranded Fantom blockchain, approved a large bet on institutional adoption with a vote to fund a U.S. expansion strategy that includes the creation of a $50 million ETF initiative, a $100 million investment program and the creation of a Delaware-registered company. The vote found support from 99.99% of participants. The … Read more

Solv Protocol, a financial services provider for bitcoin (BTC) holders, has partnered with decentralized oracle network Chainlink to integrate real-time verification of Solv’s actual BTC reserves backing its liquid token, SolvBTC, directly into its price feed. This integration enhances transparency and builds greater trust for users. Unlike traditional price feeds that rely solely on market … Read more

Metaplanet Inc. (3350) bought another 1,009 bitcoin (BTC), bringing its total treasury to 20,000 BTC and overtaking Riot Platforms (RIOT) to become the corporation with the sixth-largest treasury holdings of the largest cryptocurrency. The purchase, valued at roughly 16.5 billion yen ($112 million), demonstrates the Tokyo-based company’s commitment to positioning bitcoin as a core reserve … Read more