CoinDesk

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

Hopes for a quick reversal from the weekend crypto plunge faltered on Monday with bitcoin (BTC) slipping all the way back below $110,000, just barely ahead of its then-euphoric price of $109,400 touched ahead of President Trump’s Jan. 20 inauguration. The largest crypto’s recovery attempt was quickly rejected at $113,000 during the U.S. session, and … Read more

Native token of oracle network Chainlink (LINK) declined in tandem with the broader crypto market despite a fresh partnership with Japanese financial giant SBI Group. LINK declined to $24.4, down more than 6% over the past 24 hours, CoinDesk data shows. That’s a sharp reversal from the Friday’s year-to-date peak over $27. The downward trajectory … Read more

ETHZilla (ETHZ) has authorized a $250 million stock repurchase program as the company doubles down on its ether-focused treasury strategy, the firm said in a press release Monday. The Florida-based firm said its board approved the buyback effective immediately, with the program set to run until June 30, 2026, or until the full $250 million … Read more

Aptos’ APT fell 4% over the 24-hour trading period, fluctuating within a 10% range, according to CoinDesk Research’s technical analysis model. The token made a session high of $4.80 and a low of $4.38, initially advancing to $4.80 before declining sharply to $4.43 by morning hours, then consolidating around $4.45 with modest recovery indicators in … Read more

Cardano’s ADA token fell 3% over the past 24 hours, currently trading at $0.87 after a volatile session that saw the token swing over 10% in value overnight. The price action followed a Friday night AMA (Ask Me Anything) with Cardano co-founder Charles Hoskinson, who expressed long-term optimism for Cardano’s prospects, pointing to the upcoming … Read more

Nasdaq-listed firm Sharps Technology (STSS) rallied as much as 70% on Monday on raising $400 million to establish what it says could become the largest corporate digital asset treasury of Solana (SOL). The firm’s fundraising drew backing from some of the most active investors in digital assets, including ParaFi, Pantera, FalconX, CoinFund and Arrington Capital. … Read more

Crypto stocks opened the week under pressure as traders took profits following a sharp Friday rally across digital assets and broader financial markets. MARA Holdings (MARA) and Circle (CRCL) led the losses, falling about 6% in early trading. Bullish (BLSH) was down 5%, while Strategy (MSTR) slipped 3%. Other publicly traded platforms with crypto exposure, … Read more

Crypto-friendly Xapo Bank has hired Tommy Doyle as its head of relationship management based in London, according to his LinkedIn profile. Doyle was previously employed as head of Europe at crypto prime broker FalconX, and also worked at crypto exchange Coinbase (COIN) in hedge fund sales, according to the profile. He enjoyed a lengthy career … Read more

Digital asset investment firm B Strategy is launching a U.S.-listed company to serve as a BNB treasury and investment vehicle, according to a press release. The company is targeting a $1 billion raise and is being formed with strategic support from YZi Labs — the investment firm led by Binance co-founders Changpeng Zhao and Yi … 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 4114.26, down 4.4% (-188.51) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: SOL (-0.3%) and AAVE (-2.9%). Laggards: UNI (-11.3%) and FIL … Read more

Grayscale is moving ahead with its plans to turn its Avalanche (AVAX) Trust into a spot exchange-traded fund (ETF), filing an S-1 registration statement with the U.S. Securities and Exchange Commission on Friday. If approved, the fund would trade on Nasdaq, giving traditional investors easier access to the AVAX token through a regulated vehicle. The … Read more

Crypto exchange Gemini, founded by billionaire twins Cameron and Tyler Winklevoss, told CoinDesk it has teamed up with Ripple to roll out an XRP edition of its credit card in collaboration with Ripple, offering users crypto rewards across spending categories. The card, issued with WebBank similarly to other Gemini cashback cards, allow holders to earn … Read more

Webull Corp. (BULL) reintroduced cryptocurrency trading for U.S. users, integrating the feature directly into its core investment app, the company said Monday. The move means traders no longer need to access Webull Pay separately to buy or sell cryptocurrencies. Instead, they can open and manage accounts and trade digital assets alongside stocks and options in … Read more

Longevity research is intersecting with crypto through Aubrai, a decentralized science (DeSci) and AI agent launched this week on Base as part of the Bio Protocol. Decentralized science, or DeSci, uses blockchain and DAOs to fund experiments directly, attribute credit transparently, and turn research outputs into tokenized assets that let labs sustain themselves beyond philanthropy … Read more

BitMine Immersion Technologies (BMNR), the public ether (ETH) treasury company led by Fundstrat’s Tom Lee, continued its buying spree acquiring over 190,500 tokens through last week, the firm reported on Monday. That brought total ETH holdings 1,713,899 tokens, worth roughly $7.9 billion at current ETH prices. The firm also held $562 million in cash for … Read more

Amid sizable volatility in prices, Strategy (MSTR) continued building its bitcoin (BTC) stack last week, buying 3,081 coins for $356.9 million, or an average price of $115,829 each. The company’s holdings are now 632,457 BTC acquired for $46.5 billion, or an average price of $73,527 each. Bitcoin’s plunge to $111,000 over the past 24 hours … Read more

What would a market that refuses to rally sustainably on the back of positive catalysts be called? A weak one, presumably. Looking under the hood, there is more than one single catalyst that’s driving this market’s volatility. Bitcoin (BTC) has retraced back to roughly where it was before the Fed Chairman Jerome Powell spoke dovishly … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) has retraced to roughly where it was before Federal Reserve Chair Jerome Powell’s dovish remarks on Friday, which briefly sparked a rally in U.S. stocks and cryptocurrencies. The reversal in BTC price has paused ether’s rally and triggered losses across the broader altcoin market. … Read more

Japan’s Finance Minister Katsunobu Kato said on Monday that cryptocurrencies can be part of a diversified portfolio. “Crypto assets have risks surrounding high volatility, but through building an appropriate investment environment, they could be part of diversified investments,” Kato said while speaking at an event in Tokyo, according to Bloomberg. The minister added that the … Read more