Internet Computer Protocol (ICP) demonstrated resilience during the last 24 hours, staging a rally that lifted the token nearly 3% to $5.13. The move capped a V-shaped recovery that began with an overnight retreat to support levels around $4.98, where a high volume of buying activity took hold, according to CoinDesk Research’s technical analysis data … Read more
Stellar’s native token, Lumens (XLM), showed sharp intraday volatility over the past 24 hours, with prices fluctuating between $0.38 and $0.39 — a 3% swing. After sliding from $0.39 to $0.38 on the evening of Aug. 27, XLM found firm support at the lower bound, where trading volumes surged above the daily average of 25.4 … Read more
American Bitcoin, the bitcoin (BTC) miner 20% owned by two of President Donald Trump’s sons, plans to list on the Nasdaq in September, said Asher Genoot, the CEO of Hut 8, which owns the other 80%. The firm is finalizing a merger with Gryphon Digital Mining that will clear the way for its public debut, … Read more
HBAR’s price action remained tightly contained over the last 24 hours, trading in a narrow $0.01 band between $0.24 and $0.25. The token held firm at the $0.24 level, a zone that market participants view as a key area of institutional support. Trading volumes surged to 179.67 million units during peak sessions, far exceeding typical … Read more
Portal to Bitcoin, a Bitcoin-first protocol enabling trust-minimized cross-chain trading, has secured $50 million in new financing led by Paloma Investments, bringing the project’s total funds raised to $92 million. The funding will support the expansion of BitScaler, the firm’s adapter that scales native Bitcoin without wrapped tokens, custodial bridges, or “message passing or other … Read more
The U.S. government has begun using blockchains to disseminate key economic data, starting with the U.S. Department of Commerce’s release of gross-domestic product (GDP) numbers on Thursday, which was described as a “proof of concept” for doing more of this in the future. “We are making America’s economic truth immutable and globally accessible like never … Read more
In today’s Crypto for Advisors newsletter, Samantha Bohbot, partner and chief growth officer from RockawayX breaks down decentralized finance and the differences Bitcoin, Ethereum, and Solana bring to this space. Then, Kevin Tam answers questions about institutional investment in crypto ETFs and notes some global trends in “Ask an Expert.” – Sarah Morton Unknown block … Read more
Stablecoin startup Mo has raised $40 million in Series B funding as venture capital firms continue to pile money into the sector, Fortune reported on Thursday. The funding round was led by Polychain and Ribbit Capital and included contributions from the Endeavor Catalyst fund and existing investors Pantera and Bain Capital Crypto. Mo, which has … Read more
The native token of the Chainlink network, LINK, surged more than 5% after the network announced a partnership with the U.S. Department of Commerce to bring official government economic data onchain, marking a first-of-its-kind effort to bridge public data infrastructure with blockchain applications. Key macroeconomic statistics from the Bureau of Economic Analysis — such as … Read more
Bitcoin (BTC) is trading too cheap relative to gold as its volatility falls to historic lows, Wall Street bank JPMorgan (JPM) said in a research report Thursday. The bank highlighted that bitcoin’s six-month rolling volatility has dropped from nearly 60% at the start of the year to about 30% today, the lowest on record. With … 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 4184.47, up 0.9% (+38.32) since 4 p.m. ET on Wednesday. Fifteen of the 20 assets are trading higher. Leaders: SOL (+2.9%) and DOT (+2.8%). Laggards: LINK (-1.3%) and AAVE … Read more
UNDER EMBARGO UNTIL AUG 28 9AM ET A group of former Jump Trading, Coinbase (COIN) and Citadel Securities engineers said it raised $20 million in new funding for trading infrastructure startup aPriori, bringing the total capital raised to $30 million. The round included participation from HashKey Capital, Pantera Capital, Primitive Ventures, IMC Trading, GEM, Gate … Read more
Lygos Finance unveiled what it calls the first truly non-custodial bitcoin (BTC)-backed lending platform, aiming to transform the crypto credit market with institutional-grade design. The platform is built on Discrete Log Contracts (DLCs) developed by Atomic Finance, which Lygos acquired earlier this year. DLCs enforce bilateral lending agreements directly on Bitcoin’s base layer, with an … Read more
As bitcoin’s (BTC) price recovery looks to gather pace, on-chain data points to potential seller resurgence near $113,600. The wider altcoin market, however, is doing well, as evidenced by the 4% gain in the CoinDesk 80 Index in the past 24 hours. The CoinDesk 20 Index has gained nearly 1%. “Bitcoin is drawing its third … Read more
By Omkar Godbole (All times ET unless indicated otherwise) As August draws to a close, two observations stand out. First, the month’s typical surge in volatility in both traditional and cryptocurrency markets has not materialized. That’s probably driven by market expectations of forthcoming Fed interest-rate cuts combined with record fiscal spending—essentially an amplified “Goldilocks” scenario. … Read more
Solana developers are pushing a major consensus overhaul with the Alpenglow proposal, now in the validator voting stage. Just over 10% of validators have backed the upgrade as of European morning hours on Thursday, a tracker shows, with over 88% of eligible participants yet to cast their choice. If passed, it would replace Proof-of-History and … Read more
Buying the YZY token apparently linked to Ye, the rapper formerly known as Kanye West, ended in tears for more than 70,000 wallets, Bubblemaps, a blockchain data visualization tool, said in a post on X. The Solana-based memecoin’s debut last week was part of a “YZY Money” ecosystem plan, which included payment rails and a … Read more
ARK Invest bought $15.6 million shares of ether treasury company Bitmine Immersion Technologies (BMNR) on Wednesday. The St. Petersburg, Florida-based investment manager added a total of 339,113 BMNR shares to three of its exchange-traded funds (ETFs) — Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF) — according to an emailed notification. Bitmine shares … Read more
Metaverse platform The Sandbox is undergoing a sweeping restructuring that will see more than half of its roughly 250 employees laid off, according to a report from French crypto outlet The Big Whale. The move comes alongside a leadership shake-up in which co-founders Arthur Madrid and Sebastien Borget have been sidelined from executive roles. Their … Read more
Dwayne “The Rock” Johnson, the WWE wrestler-turned-actor, has surpassed former U.S. Vice President Kamala Harris as the leading Democratic contender for the 2028 presidential race on the decentralized betting platform Polymarket. As of now, shares betting “yes” on Johnson’s victory are trading at 7 cents, implying a 7% chance of the multi-millionaire actor winning the … Read more
As bitcoin (BTC) bulls aim to reestablish an upward price trajectory, they may face resistance from sellers near the $113,600 level, according to on-chain data. BTC has already bounced to $112,800 from sub-$108,800 levels hit Tuesday, CoinDesk data show. The bounce is likely fueled by a fresh all-time high in the S&P 500 and a … Read more
News Background XRP extended its late-August advance, climbing nearly 9% on the week while trading tightly around the $3.00 psychological level. Gemini launched an XRP-rewards Mastercard with WebBank, offering up to 4% cashback in XRP. The release pushed Gemini ahead of Coinbase in U.S. iOS app rankings. Institutional flows into XRP-linked products reached an estimated … Read more
News Background Between August 24–25, a whale shifted 900 million DOGE (over $200 million) into Binance wallets, sparking fears of a broader sell-off. Prices briefly fell from $0.25 to test $0.23 support on elevated volumes. Despite this, on-chain data shows whales accumulated 680 million DOGE through August, creating a tug-of-war between distribution and accumulation. Futures … Read more
The CME’s regulated ether (ETH) futures market is heating up as the ongoing rotation out of bitcoin (BTC) accelerates. The total notional open interest (OI) in ETH futures recently surpassed $10 billion for the first time on record, according to data shared by the exchange with CoinDesk. Early this month, the number of large open … 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. China’s growing focus on stablecoins is less about embracing crypto and … Read more
Nvidia (NVDA) reported stronger-than-expected earnings for the second quarter on Wednesday, posting revenue of $46.7 billion, a 56% increase from a year earlier. The results underscore the chipmaker’s role at the center of the AI boom, as demand for its high-powered processors showed little sign of slowing. Shares of the company fell 1.7% in after-hours … Read more
VersaBank, a Canadian digital bank with a focus on business clients, has started testing a tokenized deposit that the bank says provide a safer and more compliant alternative to stablecoins. The pilot, run through the bank’s U.S. subsidiary VersaBank USA, will trial a U.S. dollar version of the bank’s blockchain-based Digital Deposit Receipts (DDRs) tech. … Read more
Finastra, a London-based financial tech provider to some of the world’s largest banks, said Wednesday it will connect its payments hub to Circle’s (CRCL) USDC stablecoin, giving banks an option to settle cross-border transfers with the token. The integration will begin with Finastra’s Global PAYplus (GPP), which processes more than $5 trillion in daily cross-border … Read more
Solana’s SOL outperformed the broader crypto market on Wednesday, climbing 7.68% in 24 hours to trade at $208.24, according to CoinDesk Data. By comparison, the CoinDesk 20 Index (CD20) rose 2.89% and the total crypto market cap gained just 1.6% during the same period. Analysts said Solana’s strong performance reflects a combination of technical momentum … Read more
The native token of Hyperliquid (HYPE) surged to a fresh all-time high early Wednesday, continuing its meteoric climb this year as the decentralized exchange best known for on-chain perpetual trading has attracted record activity. The token broke through the $50 mark for the first time, gaining about 8% in the past 24 hours. HYPE is … Read more