CoinDesk

Polkadot network is rolling out Polkadot Capital Group, an institutional arm aiming to bridge traditional finance and Web3 infrastructure amid growing regulatory clarity in the U.S., the company said in a press release on Tuesday. The new division will focus on connecting asset managers, banks, over-the-counter (OTC) desks, exchanges, and venture capital firms to the … Read more

Major cryptocurrencies were directionless with U.S. stock index futures little changed even though the meeting between European leaders, President Donald Trump and Ukraine President Volodymyr Zelensky ended on a positive note. The top 10 coins, including bitcoin (BTC) and ether (ETH), fell early Tuesday, revisiting early Monday lows, before recovering to trade flat on a … Read more

XRP (XRP) call options at the $4 strike have experienced heavy block trading activity this week, despite the price decline. Data tracked by Amberdata shows that one million contracts of the $4 call option expiring on Dec. 26 changed hands via a block trade on Monday. Contracts on Deribit are sized 1,000 XRP. A block … Read more

Wyoming state announced on Tuesday the mainnet launch of its U.S. dollar stablecoin Frontier Stable Token (FRNT), claiming it to be the first fully-reserved stablecoin in the country issued by a public entity. “The mainnet launch of the Frontier Stable Token will empower our citizens and businesses with a modern, efficient, and secure means of … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) remains under pressure after losing the bullish trendline from April lows, with downside largely contained around $114,600 for now. Even so, it looks as though fresh demand is entering the market. Glassnode’s Supply by Investor Behavior metric shows that in the past five days, … Read more

Blockchain payments provider Tassat Group has appointed its president and chief strategy officer Glen Sussman as its new chief executive officer, the company said in a press release Tuesday. Sussman, who joined Tassat in 2021, will succeed outgoing CEO Zain Saidin. Saidin will remain on the company’s board and take on a new role as … Read more

Tether, the crypto firm behind the largest stablecoin USDT (USDT), said on Tuesday it has appointed Bo Hines, former executive director of the White House Crypto Council under President Donald Trump, as strategic advisor for the firm’s U.S. strategy. Hines will advise Tether to “shape and execute the company’s U.S. market entry, cultivating constructive relationships … Read more

Sentiment in the crypto industry can shift quickly. According to Glassnode data, all bitcoin (BTC) wallet cohorts are currently in some form of distribution. The Accumulation Trend Score (ATS), broken down by wallet cohort, helps measure the relative strength of accumulation or distribution across entity sizes. This metric evaluates accumulation strength by considering both the … Read more

The U.K.’s fragile fiscal situation is back in focus as yields on long-term government bonds surged, topping their U.S. counterparts for the first time this century. The 30-year U.K. government bond offered a yield of 5.61% at press time. That’s 68 basis points more than the 30-year U.S. Treasury yield according to data source TradingView. … Read more

Bitlayer, a bitcoin (BTC) DeFi infrastructure project, has partnered with Kamino Finance and Orca to bring its bitcoin-backed token, YBTC, to the Solana ecosystem. This integration is intended to combine Bitlayer’s security with Solana’s speed and scalability, aligning with Bitlayer’s goal of expanding the Bitcoin DeFi sector. It will provide bitcoin holders with native BTC … Read more

With more than a dozen U.S. crypto policy groups crowding the offices of Washington’s lawmakers and regulators, the launch of another new organization on Tuesday — the American Innovation Project — may leave it with a brisk fight to draw attention. But AIP is pursuing the niche of educational events for those making crypto policies. … Read more

Gemini’s long-awaited IPO filing drew fresh attention to payments giant Ripple, with the exchange disclosing a $75 million credit line from the company alongside a steep financial loss. In documents submitted to the U.S. Securities and Exchange Commission (SEC) on Aug. 15, Gemini revealed a $282.5 million net loss for the first half, an almost … Read more

Market breadth, a key indicator used to understand the overall health of a market or an index, indicates that both the crypto market and Wall Street’s tech-heavy index, the Nasdaq, are experiencing short-term weakness within a long-term uptrend. Breadth is typically measured by comparing the number of advancing stocks or cryptocurrencies to those declining. Traders … Read more

South Korea’s Financial Services Commission (FSC) has ordered exchanges to suspend new crypto lending products until formal guidelines are in place, citing mounting risks to users and market stability. Regulators pointed to a recent incident at Bithumb where more than 27,000 customers tapped lending services in June, with 13% forced into liquidation after collateral values … Read more

Crypto markets spent the past 24 hours unwinding bullish bets as $270 million in liquidations hit traders, led by ether (ETH) and bitcoin (BTC) longs. The flush came alongside fading hopes of a September Fed rate cut, with Polymarket odds of “no cut” jumping from 12% to 26%. That shift left some investors recalibrating risk … Read more

Dogecoin slid overnight, erasing gains despite heavy institutional accumulation, as $782 million in trading volume overwhelmed support levels and sent the token into correction mode. The move came alongside broad crypto liquidations, reflecting heightened macro pressure. News Background • Dogecoin dropped from $0.23 to $0.22 in a 24-hour window ending August 19 at 04:00, marking … Read more

XRP closed Monday’s session under pressure, reversing an earlier rally and ending near the $3.00 threshold. A sharp selloff in the final trading hour saw the asset dip 1% on surging volume, suggesting institutional distribution and stop-loss liquidations driving price action. Technical Analysis Shows Mixed Signals XRP traded within a $0.11 range between $2.94 and … Read more

Figure, the blockchain-powered lender founded by SoFi co-founder Mike Cagney, has filed with the Securities and Exchange Commission for an initial public offering as the latest entrant in a growing crypto IPO wave. The company plans to list its Class A shares on the Nasdaq under the ticker FIGR, with Goldman Sachs, Jefferies, and BofA … 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. As East Asia begins its trading day, BTC is trading at … Read more

KindlyMD (NAKA), the Nasdaq-listed firm that’s recently merged with bitcoin (BTC) treasury firm Nakamoto closed a $200 million convertible note offering late Friday. The convertible notes bear no interest in the first two year, then they carry a 6% annual rate starting in year three until maturity in 2028. The firm intends to use the … Read more

The Stellar Development Foundation (SDF), the organization supporting the Stellar (XLM) blockchain, invested in UK-based digital asset exchange and tokenization firm Archax as part of a broader partnership to boost tokenized real-world assets (RWAs), the firms said in a press release shared with CoinDesk. Archax has already started using Stellar, integrating the network into its … Read more

The U.S. Treasury Department is seeking new ideas for detecting and cutting off illicit crypto activity as it begins to put the new stablecoin law into effect. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act — the first major U.S. law to erect a regulatory system in the crypto space — called … Read more

Stablecoin issuer Circle (CRCL) has acquired Malachite, the consensus engine that is set to underpin payments-focused blockchain Arc, from software development firm Informal Systems, according to a Monday press release. Several people from Informal Systems will join Circle as part of the acquisition. The firms didn’t reveal details about pricing. The deal comes as Circle, … Read more

Stellar’s XLM token came under heavy institutional selling pressure between August 17 at 3:00 PM and August 18 at 2:00 PM, sliding from $0.43 to $0.41 in a 6% decline. Trading volumes during the 24-hour period topped $30 million, representing roughly 7% of daily turnover. The most notable liquidation event occurred between 1:00 AM and … Read more

HBAR faced strong downward pressure in the last 24 hours, slipping 6.68% from $0.26 to $0.24, while trading activity surged past 109 million tokens—nearly double the daily average. The steepest drop occurred during overnight sessions, when sellers accelerated outflows and forced prices down at a pace far sharper than normal. Analysts attribute the volatility to … Read more

Internet Computer Protocol (ICP) fell over the last 24 hours, losing 7% of its value. The token dropped to a low of $5.27, breaking through critical support levels and raising concerns about sustained institutional interest in the project, according to CoinDesk Research’s technical analysis data model. Market data showed ICP falling below the $5.48 support … Read more

Protection against price drops in BlackRock’s spot bitcoin (BTC) exchange-traded fund (ETF), is now at its priciest since the early April market slide. On Monday, the spread between implied volatilities (IV) for 25-delta puts and 25-delta calls for the iShares Bitcoin Trust ETF (IBIT) rose to 4.4, the widest since April 10, according to data … Read more

Core Scientific (CORZ) reported weaker-than-expected revenue but topped adjusted EBITDA estimates in its second-quarter 2025 results. Yet the main focus remains its proposed merger with AI cloud provider CoreWeave (CRWV), which is set for a shareholder vote in the fourth quarter, investment bank Jefferies said in a research report Monday. At CoreWeave’s current price of … Read more

BTCS Inc. (BTCS), a Nasdaq-listed crypto strategy firm focused on Ethereum, will distribute a first-of-its-kind ether (ETH) dividend to shareholders, the company said on Monday. The one-time payout, dubbed “Bividend,” amounts to $0.05 per share and can be received either in ETH or cash, the company said in a release. Eligible shareholders must opt in … Read more

In a sharp reversal from last week’s euphoric record highs and $300,000 bitcoin price targets, some of crypto’s most followed traders are now warning of looming downside risks for both bitcoin (BTC) and ether (ETH). Bitcoin is currently trading at $115,000, down nearly 3% overnight, but relatively comfortable within its recent $112,000 to $124,000 range. … Read more