The U.S. Commodity Futures Trading Commission is about to drop to a single commissioner when Democrat Kristin Johnson leaves the agency next week, and the only other person waiting in the wings to join the regulator is President Donald Trump’s chairman nominee, Brian Quintenz. As of Sept. 3, the five-member commission will drop to one, … Read more
One of the crypto industry’s central lobbying aims — to protect software developers from being held legally responsible when criminals abuse their technology — may be in jeopardy from Democrats led by U.S. Senator Mark Warner, according to people familiar with legislative negotiations. The Senate is set to return to work in Washington next week, … Read more
Hut 8 (HUT), a public bitcoin (BTC) mining and energy infrastructure firm, surged Tuesday after revealing plans to more than double the company’s power capacity. The plans include the development of four new sites across the United States with more than 1.5 gigawatts (GW), expanding total power capacity to over $2.5 GW across 19 locations, … Read more
News Background CME Group said its crypto futures suite has surpassed $30 billion in notional open interest for the first time, with SOL and XRP futures each crossing $1 billion. XRP became the fastest contract to hit the milestone, doing so in just over three months. The development is viewed as a signal of market … Read more
Dogecoin traded through heavy volatility over the August 24–26 window, swinging within a $0.013 range before consolidating near $0.21. A sharp drop from $0.218 to $0.208 on August 25 came amid massive 1.57 billion volume, while broader pressure was tied to a 900 million DOGE transfer to Binance that unsettled traders. Despite near-term caution, whales … Read more
Canary Capital Group has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot exchange-traded fund (ETF) that would hold the TRUMP Coin (TRUMP), a Solana-based token linked to President Donald Trump. The proposed “Canary TRUMP Coin ETF,” submitted in an S-1 filing on Tuesday, marks a bold move to bring one … Read more
Gemini, the crypto exchange founded and led by Tyler and Cameron Winklevoss, expanded its staking services to the U.K., allowing all customers to earn rewards on ether (ETH) and solana (SOL) directly through its platform, the company said in a blog post Tuesday. The introduction follows the opening of Gemini’s first permanent office in London, … Read more
BONK, the Solana-based meme token, endured sharp price swings during the last 24 hours, reflecting both selling pressure and large accumulation. The token moved within an 8% range between $0.0000197 and $0.0000212, ultimately consolidating near $0.0000205. The heaviest selling occurred during the Aug. 25 evening, when BONK fell about 5% from $0.0000208 to $0.0000197 on … Read more
Donald Trump Jr. has invested in blockchain-based prediction platform Polymarket through his venture firm 1789 Capital. As part of the deal, Trump Jr. will join Polymarket’s advisory board, according to a press release. The investment comes as part of a push by 1789 Capital into crypto-related infrastructure and alternative finance tools. According to Axios, 1789 … Read more
Futures of World Liberty Financial (WLFI), the cryptocurrency linked to the family of President Donald Trump, lost more than 44% of their value on opening this weekend as traders chose to short the decentralized finance (DeFi) token. The futures began trading Aug. 23 on decentralized exchange Hyperliquid at $0.44. Within hours, the price had collapsed … Read more
SharpLink Gaming (SBET), the Nasdaq-listed digital asset treasury firm led by Ethereum co-founder Joe Lubin, added 56,533 ether (ETH) to its balance sheet last week, lifting its total holdings to almost 800,000 ETH worth about $3.6 billion. The purchases, made between Aug. 18 and Aug. 24, averaged $4,462 per ETH, according to a Tuesday press … Read more
Filecoin (FIL) rebounded 6% from its 24 hour lows in a strong bullish reversal, according to CoinDesk Research’s technical analysis model. The model showed that FIL demonstrated resilience with a steady climb from the $2.15 low to close at $2.31, delivering a 6.4% rebound that signals underlying accumulation and potential trend reversal momentum. FIL trading … Read more
Ether (ETH) and the ETH treasury companies are cheap at today’s levels, Standard Chartered’s global head of digital assets research, Geoff Kendrick, said in emailed comments Tuesday. Since the start of June, ether (ETH) treasury companies have purchased 2.6% of all ETH in circulation. When combined with exchange-traded fund (ETF) inflows since then, the combination … Read more
Yes, you read that right. The growing chatter of fresh Federal Reserve rate cuts is making me uneasy. If I were a trader today, I’d be watching price dips below short-term moving averages closely, bracing for what might unfold into a major sell-off. But before I dive into the why, let’s rewind to last Friday. … 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 4031.21, down 0.6% (-25.46) since 4 p.m. ET on Monday. Eleven of the 20 assets are trading higher. Leaders: AAVE (+4.3%) and FIL (+2.3%). Laggards: BCH (-2.8%) and ADA … Read more
Digital asset manager Bitwise is preparing to launch a spot-based exchange traded fund (ETF) focused on holding the native token of Chainlink (LINK), a first in the U.S. According to the S-1 registration statement filed with the U.S. Securities and Exchange Commission on Tuesday, the Bitwise Chainlink ETF aims to provide investors with direct exposure … Read more
Trump Media and Technology Group (DJT) has signed a strategic partnership with Crypto.com to integrate the cronos (CRO) cryptocurrency and the exchange’s digital wallet infrastructure into its platforms Truth Social, according to a press release. The partnership coincides with the launch of Trump Media Group CRO Strategy Inc., a separate vehicle that has entered into … Read more
Ether (ETH) set a new all-time high at $4,946 earlier this week, but the fuel from on-chain finance looks weaker than in prior cycles. However, the total value locked (TVL) across the network’s decentralized finance (DeFi) ecosystem stalled at $91 billion, significantly below the $108 billion record set in November 2021, according to DefiLlama data. … Read more
Bitcoin (BTC) has bounced from early Asian-session lows near $108,760 to over $110,000, but the prospects of sustained recovery appear bleak as on-chain activity points to weak network adoption. “The price momentum is weakening with the RSI close to the oversold zone and a bearish MACD,” said Timothy Misir, head of research, BRN. “The Spot CVD … Read more
Bitcoin BTC bulls face a lofty challenge this week: funnel nearly $1 billion into the U.S.-listed exchange-traded funds (ETFs) and prevent these publicly listed institutional investment vehicles from registering their second-worst performance on record. In January 2024, Nasdaq listed 11 spot bitcoin ETFs, allowing investors to take exposure to the cryptocurrency while eliminating the need … Read more
Hedera’s HBAR token saw sharp swings in the past trading session, with price action reflecting both heavy sell pressure and signs of institutional support. Over the 23-hour window from Aug. 25 at 11:00 through Aug. 26 at 10:00, HBAR traded in a $0.014 range between $0.242 and $0.228, amounting to a 5.83% intraday move. The … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The sell-off in the cryptocurrency market deepened over the past 24 hours, with bitcoin (BTC) falling below $109,000 for the first time since July 9 and ether (ETH) posting a 13% correction from the record high of around $4,950 it hit just two days ago. The … Read more
Stellar’s native token XLM faced intense pressure over the past 24 hours, plunging from a session high of $0.398 to a low of $0.380. The 5% swing unfolded amid heavy sell-side activity, with the most dramatic capitulation striking on Aug. 25 at 19:00 UTC, when prices tumbled from $0.393 to $0.387. That move coincided with … Read more
Cryptocurrency exchange Bitpanda is “looking much closer” into a public listing than previously, co-founder Eric Demuth said in an interview with the Financial Times. Demuth ruled out London as a likely venue for a public market debut, despite the crypto exchange’s recent expansion of U.K. operations. The lack of liquidity in share trading is putting … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s (BTC) technical outlook has deteriorated over the past 24 hours, with prices dropping below a key moving average for the first time since April. This breakdown has left BTC at a disadvantage compared to major tokens such as Ether (ETH), … Read more
Bitcoin (BTC) and ether (ETH) options worth over $14.6 billion are set to expire Friday on Deribit in what’s shaping up to be one of the most significant derivative events of 2025. The expiry is heavily skewed toward BTC put options, underscoring a continued demand for downside protection, whereas it’s more balanced for ether. As … Read more
Crypto markets were hit with nearly $900 million in liquidations to start the week, wiping out overleveraged longs after a sharp correction in both bitcoin (BTC) and ether (ETH). ETH traders bore the brunt, with $320 million in forced unwinds, followed by $277 million tied to bitcoin. Solana’s SOL (SOL), XRP (XRP), and Dogecoin (DOGE) … Read more
XRP faced steep swings in the August 25–26 trading window, sliding from $3.01 to $2.91 for a 3.2% loss. A burst of institutional liquidation during the 19:00–20:00 GMT hour drove the sharpest drop, with volumes tripling daily averages. Recovery attempts late in the session brought the token back above $2.90, but the market remains split … Read more
Prediction markets are signaling skepticism that Donald Trump will be able to bend the Federal Reserve to his will this year, even as the U.S. President moves to fire a Fed Governor for what he believes is just cause. On Polymarket, bettors put the chance of Jerome Powell being forced out as Fed Chair in … 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. Bitcoin is trading just below $110,000 after another failed bounce, down … Read more