CoinDesk

Markets are quickly recalibrating previously lofty odds of an imminent rate cut as the jets touch down in Jackson Hole for the Kansas City Fed’s Economic Symposium. The current data does not make the case for a September ease, said Cleveland Fed President Beth Hammack, speaking with Yahoo News in Wyoming. “We have inflation that’s … Read more

XRP rallied toward the $3 mark in the past session, with trading volume spiking more than 6% above its weekly baseline. News Background • XRP’s rally comes amid broader crypto stabilization, with altcoins tracking modest inflows after last week’s drawdown.• On-chain data flagged institutional-sized flows, with nearly 155 million in XRP turnover during recovery periods, … Read more

Stablecoins, digital tokens tied to predominantly fiat currencies like the U.S. dollar, will balloon to a $1.2 trillion market by 2028 and even have an impact on U.S. debt markets, Coinbase analysts projected in a Thursday report. The forecast, published by the exchange’s research arm led by David Duong, is based on a stochastic model … Read more

XLM traded in a narrow band between $0.39 and $0.41 over a 24-hour stretch ending Aug. 21, reflecting a consolidation phase ahead of a potential move. Sellers repeatedly capped upside at $0.41, while buyers defended support at $0.40, keeping volatility subdued. A gradual dip in volume suggested traders were positioning for a breakout attempt. That … Read more

The corporate use of cryptocurrencies is evolving beyond payments, with a number of businesses adopting bitcoin (BTC) and other digital assets as core treasury reserves. A report Thursday from rating company Morningstar DBRS cautions that this strategy could heighten credit risk profiles. According to BitcoinTreasuries.net, roughly 3.68 million BTC (worth about $428 billion as of … Read more

In today’s Crypto for Advisors newsletter, Patrick Murphy from Eightcap, provides insights on the maturation of crypto as an asset and compares the evolution of Indices to the S&P’s early days. Then, Leo Mindyuk from MLTech answers questions about indices in Ask an Expert. Happy reading! – Sarah Morton Unknown block type “divider”, specify a … Read more

A majority of investors who hold both cryptocurrencies and stocks say digital assets will outperform equities in the long term, according to a new survey from crypto exchange Kraken. The survey of more than 1,000 U.S. adults, published Thursday, found that 65% of dual-asset investors expect crypto to deliver stronger growth than stocks over the … Read more

Bank of America’s (BAC) rates strategy team said the U.S. Treasury market is increasingly shaped by two emerging forces: stablecoin demand for T-bills and the tokenization of government debt-related assets. BofA views stablecoins as less of a game-changer for Treasuries than for money market mutual funds (MMFs), where their higher-yield potential represents a competitive challenge, … Read more

Data provider RedStone has released a new report on Hyperliquid, the decentralized perpetuals exchange that has quickly become the category leader. In just a year, Hyperliquid has grown to capture more than 80% of the decentralized perps market, with daily trading volumes now topping $30 billion, rivaling some of the largest centralized exchanges, according to … 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 4005.12, down 1.4% (-55.83) since 4 p.m. ET on Wednesday. Seven of 20 assets are trading higher. Leaders: AAVE (+1.2%) and BCH (-0.2%). Laggards: SUI (-3.9%) and XLM (-2.5%). … Read more

Optimism is teaming up with Flashbots to revamp how transactions get processed across its OP Stack ecosystem, aiming to make some of Ethereum’s most popular layer-2 networks faster and more customizable. The partnership centers on sequencing, the behind-the-scenes process that determines how quickly a transaction confirms, which trades are prioritized, and how much users ultimately … Read more

Ether (ETH) has outperformed bitcoin (BTC) over the past month, buoyed by strong inflows into spot exchange-traded funds (ETFs) and growing corporate treasury allocations, Wall Street bank JPMorgan (JPM) said in a report on Wednesday. The move comes in the wake of U.S. stablecoin legislation (the GENIUS Act) and ahead of an anticipated vote on … Read more

Stablecoin platform M0 and U.S.-licensed issuer Bridge, now part of payments giant Stripe, are joining forces to help businesses roll out custom digital dollars, beginning with popular crypto wallet MetaMask’s proprietary token mUSD. The two firms said on Thursday the partnership combines Bridge’s regulatory and reserve management expertise with M0’s blockchain infrastructure designed for application-specific … Read more

Bitcoin’s late Wednesday bounce to $144,700 was fleeting as a gauge of long-term market sentiment flipped bearish for the first time since June 2023. DOGE, XRP and SOL followed suit, while ether traded more resiliently. Still, the CoinDesk 20 Index was up about 0.7% on a 24-hour basis at press time while the CoinDesk 80 … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Crypto majors continue to trade in a choppy manner, with bitcoin (BTC) retreating to $113,600 after reaching $114,800 late Wednesday. Ether (ETH) and most major tokens also erased overnight gains as derivatives traders looked for downside protection ahead of Federal Reserve Chair Jerome Powell’s highly anticipated … Read more

In 2018, Kenneth S Rogoff, professor of economics at Harvard University and a former chief economist at the International Monetary Fund, predicted bitcoin (BTC) was more likely to be worth $100 than $100,000 in a decade. In reality, bitcoin’s price rose above $100,000 this year, a 10-fold increase from March 2018’s sub-$10,000 level when Rogoff … Read more

Wormhole has jumped into the bidding plans for bridging service Stargate, promising a bid above LayerZero’s initial $110 million token-swap proposal. It wants the Snapshot vote delayed so the community can weigh its offer. Stargate’s numbers explain the interest. The bridge processed $4 billion in July, holds $345 million in TVL, and sits on a … Read more

Shiba Inu (SHIB) has gained over 2% in the past 24 hours, with bulls defending key support levels on the back of strong volumes. The meme cryptocurrency fell early Wednesday as BTC and the broader market witnessed de-risking ahead of Fed Chair Jerome Powell’s impending speech. Buyers, however, stepped in closer to the $0.00001200 level, … Read more

YZY Money, a Solana-based memecoin linked to Ye (formerly Kanye West), debuted earlier on Thursday with blistering gains and an equally sharp controversy. Ye’s X account posted about the token in early Asian hours on Thursday, raising immediate concerns about it being a compromised account. It later posted a video showing Ye talking about and … Read more

Key bitcoin (BTC) indicators are signaling a potential shift to a bearish market regime as traders await Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole Symposium. The first one is the 180-day call-put skew derived from options trading on Deribit, the largest crypto options exchange by volume and open interest. As of writing, … Read more

Windtree Therapeutics’ high-profile plan to raise up to $200 million for a BNB (BNB) treasury has run headlong into a market reality check: the Nasdaq is kicking it off the exchange. The Warrington, Pennsylvania-based biotech disclosed in a Tuesday filing that the Nasdaq Capital Market will suspend trading in its shares effective Aug. 21 after … Read more

XRP swung nearly 6% in a volatile 24-hour session, rebounding from steep losses at $2.82 to settle at $2.93. The move was fueled by a surge in volume and aggressive support buying, even as whales offloaded and broader markets absorbed $360 million in liquidations. News Background XRP has faced selling pressure amid a blockchain security … Read more

Dogecoin rebounded sharply from $0.21 lows, closing at $0.22 after a late-session surge in volume and aggressive whale accumulation, even as security risks from Qubic’s attack threat linger. News Background DOGE has faced pressure this month after reports tied to Qubic’s potential 51% attack spooked retail traders and drove selling. Despite those risks, on-chain data … Read more

Bitcoin (BTC) hovered above $113,600 on Thursday after a slight rebound, with traders watching Powell’s address for clues on whether the central bank is ready to endorse rate cuts in September. Solana’s SOL (SOL) and dogecoin (DOGE) led gains among majors with a 4% bump. Gains across XRP (XRP), BNB Chain’s BNB (BNB), ether (ETH) … Read more

Singapore’s largest bank is extending its blockchain strategy by offering tokenized structured notes on the Ethereum public blockchain, in a move that broadens access to complex financial products once reserved for its private clients. DBS said Thursday in a release that it will distribute the instruments through local Singapore exchanges ADDX, DigiFT and HydraX, marking … 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 steadied in Asia Thursday at $114,610 (+1.4%), clawing back some … Read more

JACKSON HOLE, Wyo. — U.S. President Donald Trump’s son, Eric Trump, is convinced bitcoin (BTC) will eventually be worth over $1 million. Trump, who co-founded bitcoin mining company American Bitcoin earlier this year, reiterated his excitement for bitcoin during an appearance at the SALT conference in Jackson Hole on Wednesday. He even called himself a … Read more

JACKSON HOLE, Wyo. — Despite growing bipartisan efforts to bring clear regulation to the digital asset industry, one main issue that stands in the way of passing legislation in the U.S. is President Donald Trump and his family’s actions in the sector, according to Rep. Angie Craig (D-Minn.) “It’s no secret that my side of … Read more

A group of major altcoins have bounced stronger than bitcoin (BTC) on Wednesday, showing relative strength despite a weakening risk appetite in broader capital markets. BNB (BNB), the native token of the BNB Chain and closely adjacent to crypto exchange giant Binance, surged 6% to a fresh all-time high of $875. Ethereum’s ether (ETH) rebounded … Read more

Coinbase CEO Brian Armstrong said that bitcoin (BTC) could hit $1 million per token by the end of the decade, adding his voice to a growing chorus of high-profile crypto advocates calling for explosive growth. “I think we’ll see $1 million per bitcoin by 2030,” Armstrong said in a post on X this week while … Read more