CoinDesk

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

Bitcoin (BTC) enters September trading near $107,000, but history isn’t on its side. The month has been the weakest for BTC on average, with a median decline of approximately 5% and an average loss of around 6% over the past 12 years of market data. Some point out MicroStrategy’s premium over Bitcoin is slipping at … Read more

News Background XRP declined 4% from $2.85 to $2.75 in the 24-hour session ending Sept. 1 at 02:00, moving across a $0.12 (4%) range. Market turbulence was amplified by institutional liquidation flows totaling $1.9B since July, prompting fears of cyclical exhaustion. In contrast, whales accumulated 340M XRP over the past two weeks, highlighting contradictory behavior … Read more

Gold (XAU) has surged to its highest level since April, with prospects for further gains as the often-overlooked factor of Treasury yield curve steepening gains momentum. This shift in the bond market could also provide a boost to bitcoin (BTC). Over the past ten days, the price of gold has increased by more than 5% … Read more

Binance is the first crypto exchange to list World Liberty Financial (WLFI), the Trump-family-linked decentralized finance (DeFI) project, with trading set to begin Monday afternoon UTC time, according to a recent announcement. Deposits are already live, while withdrawals are scheduled to begin Tuesday. Binance will apply its “seed tag” designation, a label reserved for innovative … Read more

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin (BTC) has breached key support levels in a sign of increasing bearish momentum that suggests a risk of a slide to $100,000. The leading cryptocurrency by market value fell 6.5% in August, ending the four-month winning streak as the U.S.-listed … 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. August delivered a rare reversal in the ETF tide: Bitcoin spot … Read more

Bitcoin’s latest rally is spilling over into the luxury holiday market. The Financial Times (FT) reported earlier today that private jet firms, cruise lines and boutique hotels are increasingly accepting crypto payments. Flexjet-owned FXAIR, for instance, now takes tokens for transatlantic trips costing about $80,000, while cruise operator Virgin Voyages sells annual passes worth $120,000. … Read more

One of the biggest stories emerging from the Far East this month is the imminent launch of a blockchain-based version of the Japanese yen, one of the world’s major fiat currencies. The timing for this development couldn’t be better, as the Bank of Japan (BOJ) is widely expected to raise interest rates soon, a move … Read more

Bitcoin is holding steady around $108,716, according to CoinDesk Data, but behind the flat price action are signs of a potential breakout as both retail and institutions ramp up accumulation. On Aug. 29, André Dragosch, European head of research at Bitwise, noted that corporate adoption of bitcoin has accelerated at a historic pace. He said … Read more

There are few things more insufferable in financial markets than seasonal indicator discussions. The grandaddy may be “sell in May, then go away,” which gets dragged out every spring, but probably hasn’t been a valid signal since the days of Jesse Livermore, when traders literally sold in May and then headed to the beach for … Read more

Given the Trump administration’s vocal and demonstrated support for crypto, some investors are wondering whether gold’s days as the world’s favorite hedge asset are numbered. André Dragosch, European head of research at Bitwise Asset Management, suggests the choice isn’t so simple. In a post on X Saturday, he offered a rule-of-thumb: gold still works best … Read more

News Background Dogecoin fell 5% in the 24-hour period from Aug. 28 at 09:00 to Aug. 29 at 08:00, tracking broader risk-asset weakness. Between Aug. 24–25, an unknown whale shifted 900 million DOGE (~$200 million) to Binance wallets, fueling concerns of distribution and triggering market volatility. Open interest in DOGE futures slipped 8% after the … Read more

News Background XRP fell sharply alongside broader market weakness, retreating 4.3% in the 24-hour session from August 28 at 13:00 to August 29 at 12:00. On-chain data showed Korean exchanges absorbing 16 million XRP (≈$45.5 million) during the selloff, pointing to regional institutional demand even as retail wallets reduced exposure. South Korea has historically been … Read more

Crypto analyst and macroeconomist Alex Krüger thinks the market looks ugly enough to turn bullish. On Saturday, Krüger wrote on X, that “most crypto charts now look so broken and bearish that it’s bullish.” He argued that when price action looks this bad, the panic has usually gone far enough that a reversal may not … Read more

Web3 startups raised $9.6 billion in venture funding during the second quarter of 2025, making it the second-largest quarter on record, even as the number of deals fell to multi-year lows, according to a new report by Outlier Ventures. The research by the London-based venture capital firm could present a maturing market in which investors … Read more

River says individuals still own the majority of bitcoin. The U.S.-based bitcoin financial services firm revealed ownership distribution research dated Aug. 25, 2025 in a recent post on X. The study groups supply into categories and shows the share River attributes to each, using public filings, custodial address tagging and earlier blockchain research. River estimates … Read more

River says companies are taking in far more bitcoin each day than miners create. The U.S.-based bitcoin financial services firm, which runs brokerage and mining operations and publishes research, released a Sankey-style flow infographic dated Aug. 25 in a post on X. In this layout, outflows are shown on the left, inflows on the right, … Read more

Arthur Hayes, the BitMEX co-founder now serving as co-founder and chief investment officer of crypto-focused venture capital firm Maelstrom, says Hyperliquid’s HYPE token could soar more than 100-fold. Hayes is best known for inventing the perpetual swap at BitMEX, the derivatives contract that changed crypto trading. At Maelstrom, he invests in early-stage infrastructure projects. In … Read more

A deluge of crypto exchange-traded funds (ETFs) could hit U.S. markets as early as this fall, potentially changing how both institutional and retail investors access the digital asset space. But while some see it as a turning point for mainstream adoption, others are already bracing for inevitable casualties. “The crypto ETF floodgates are set to … Read more

The latest news out of the Internal Revenue Services is another high-profile crypto exit, again leaving the tax agency’s digital assets operation rudderless, even as newly arriving tax policies will spur a crypto filing surge. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign … Read more

El Salvador has overhauled how it stores the nation’s bitcoin, saying the change both strengthens security today and prepares for technological risks that could emerge in the future. In an announcement on Friday, the Bitcoin Office said the country’s entire reserve has been moved out of a single wallet and spread across many new ones. … Read more

As blockchain ecosystems mature, the speed and efficiency of the infrastructure for nodes have become more than just technical considerations —they’re strategic imperatives. Leading the charge in this space is Austin Federa, former Head of Strategy at the Solana Foundation, who is gearing up to launch DoubleZero, a protocol designed to redefine how blockchains communicate … Read more

Pump.fun’s native token, PUMP, has bucked the market-wide downturn this week, rising by 17% as the protocol leverages platform fees to repurchase tokens. The buybacks are designed to support holders by reducing circulating supply and absorbing sell pressure, a model increasingly common across crypto projects. At the time of publishing, PUMP is trading at $0.0035, … Read more

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). Microstrategy, now known as Strategy (MSTR), has reshaped U.S. capital markets in 2025 by issuing a series of preferred stock under tickers STRK, STRF, STRD and STRC. Collectively, these offerings raised about $5.6 billion year-to-date, making up for 12% of all U.S. IPO … Read more