BitMine Immersion Technologies (BMNR), the listed firm with a digital asset treasury strategy focusing on Ethereum and led by Fundstrat’s Tom Lee, said in a Monday SEC filing that its holdings surpassed 1.5 million ether (ETH) worth roughly $6.6 billion. With the latest purchases, it has become the second largest public corporate crypto owner, topping … Read more
The Bitcoin network hashrate rose 4% in the first two weeks of the month to an average of 937 exahashes per second (EH/s), Wall Street bank JPMorgan (JPM) said in a research report Monday. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is … Read more
XRP slid to $2.97 in its sharpest decline in weeks, shedding 5.4% over a 23-hour stretch as retail selling overwhelmed order books. The move came on surging volumes that eclipsed daily averages, but whale wallets quietly absorbed the dip — scooping 440 million tokens worth $3.8 billion. The divergence between retail capitulation and institutional accumulation … 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 4068.44, down 1.6% (-66.75) since 4 p.m. ET on Friday. Seven of 20 assets are trading higher. Leaders: LINK (+16.3%) and POL (+8.2%). Laggards: XLM (-4.3%) and BCH (-4.2%). … Read more
AI cloud platform Fluidstack has exercised its option to expand at TeraWulf’s (WULF) Lake Mariner data center campus in Western New York. The expansion adds CB-5, a new purpose-built data center building providing an incremental 160 MW of critical IT load, with operations expected to commence in the second half of 2026, according to a … Read more
Strategy (MSTR) — the original and leading bitcoin treasury company — added 430 bitcoin to its stack last week. Led by Executive Chairman Michael Saylor, the company made these latest purchases at an average price of $119,666 each for a total of $51.4 million Strategy now holds 629,376 bitcoin purchased at an average pice of … Read more
The cryptocurrency market experienced broad losses Monday, while U.S. stock index futures held steady ahead of a crucial meeting between European leaders and U.S. President Donald Trump aimed at shaping the future of Ukraine. Market volatility across multiple asset classes declined sharply as investors looked forward to Federal Reserve Chairman Powell’s speech at the Jackson … Read more
A solo bitcoin (BTC) miner pulled off a rare feat over the weekend, solving block 910440 on their own and pocketing 3.137 BTC worth more than $362,000. The block contained over 4,100 transactions and was processed through CKpool, a platform that allows individuals to contribute hash power without formally joining a mining pool. The miner … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin (BTC) remains susceptible to further downside, having lost over 7% since hitting record highs above $124,000 on Thursday. Bullish momentum fading The weekly chart (candlestick format) shows that BTC’s ongoing decline follows repeated bull failure to secure a foothold above … Read more
Bybit, the world’s second-largest cryptocurrency exchange by volume, has introduced spot margin trading for European users of the platform at up to 10x leverage, compliant with the region’s Markets in Crypto Assets (MiCA) regime. The service, announced on Monday, allows users of Austria-based Bybit EU, to borrow funds against their existing crypto holdings, using them … Read more
By Omkar Godbole (All times ET unless indicated otherwise) There’s a note of caution seeping into crypto markets, with bitcoin (BTC) sliding under $115,000 and ether (ETH) falling to $4,220 ahead of Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium later this week. The CoinDesk 20 Index, a measure of the biggest tokens, … Read more
Bitcoin (BTC) has fallen more than 7% dipping below $115,000, since hitting its all-time high of over $124,000, as traders booked in over $3.5 billion of realized profits across the weekend, according to Glassnode data. Saturday alone saw $3.3 billion in profit taking, the largest single-day figure since mid-July and one of the highest in … Read more
Tokyo-listed Metaplanet Inc (3350) has acquired an additional 775 bitcoin (BTC) for 13.73 billion yen (about $94 million), according to its most recent filing. The purchase, made at an average price of 17.72 million yen ($120,500) per bitcoin, lifts the company’s total holdings to 18,888 BTC, worth roughly 284.1 billion yen ($1.95 billion). This purchase … Read more
Japan’s Financial Services Agency (FSA) will approve the first yen-denominated stablecoin as early as this fall, according to a Nihon Keizai Shimbun report on Sunday. Fintech company JPYC will register as a money transfer business with the FSA, paving the way for the approval of the first yen stablecoin. JPYC’s stablecoin is built to maintain … Read more
Thailand introduced its Tourist Wallet for foreign-currency-to-baht QR payments, but the crypto conversion feature is suspended pending a regulatory review through mid-August. The Bank of Thailand said the Tourist Wallet is meant to solve a practical problem: Cross-border QR links are only live with eight partner countries including Singapore, Malaysia and, soon, China via UnionPay. … Read more
Solana briefly recorded more than 100,000 transactions per second (TPS) on its mainnet over the weekend, block data shows. A block processed 43,016 successful transactions and 50 failed ones for a peak of 107,540 TPS, facilitated and processed by validator “Cavey Cool.” The spike was driven by no-operation, or “noop,” program calls, or lightweight instructions … Read more
Crypto traders should remain vigilant for an ether (ETH) price drop below $4,200, which could trigger millions in long liquidations and increase market volatility. As of writing, over 56,638 ETH in bullish long positions – valued at $236 million – faced liquidation risk on the decentralized perpetual exchange Hyperliquid in case of an ether price … Read more
Dogecoin slipped below key support as late-session selling erased an earlier rally, with global trade tensions and fresh security concerns adding downside pressure. Whale wallets continue to accumulate aggressively, with holdings now approaching 100 billion DOGE, but price action shows technical damage that traders will need to monitor closely. News Background Whale wallets added 680 … Read more
Crypto markets traded sideways heading into Monday, with bitcoin (BTC) holding near $115,000 and ether (ETH) above $4,200, as traders weigh whether a potential Fed rate cut in September will extend digital assets’ risk-on momentum or revive correlations with gold. Weekend action suggested profit-taking across the board. Bitcoin ticked lower by 2.4% in 24 hours, … Read more
Dogecoin (DOGE) nursed losses on Monday as the community behind Qubic, which recently attacked Monero, voted to target the Dogecoin network over Zcash and Kaspa by a big margin. At the time of writing, DOGE traded at over 22 cents, representing a 4% decline on a 24-hour basis, according to CoinDesk data. The cryptocurrency chalked … 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. Leverage in crypto markets is surging back to bull-market levels, even … Read more
Wall Street ramped up its exposure to bitcoin in the second quarter, adding positions not only in spot bitcoin exchange-traded funds (ETFs) but also in U.S. stocks closely tied to the cryptocurrency’s price, according to new filings with the Securities and Exchange Commission (SEC). Brevan Howard nearly doubled its position in BlackRock’s iShares Bitcoin Trust … Read more
Chainlink’s LINK token jumped 18% to $26.05 on Sunday, according to CoinDesk Data, pacing the top 50 cryptocurrencies by percentage gain as analysts and traders cited momentum and recent fundamental catalysts. What Analysts Are Saying Altcoin Sherpa described LINK as “one of the best coins right now,” pointing to chart strength that could carry toward … Read more
A pervasive calm has taken hold of asset classes as traders look forward to Federal Reserve (Fed) Chairman Jerome Powell’s speech at the annual Jackson Hole Symposium, scheduled for Aug. 21-23. Bitcoin’s (BTC) 30-day implied volatility, as measured by Volmex’s BVIV and Deribit’s DVOL index, has declined sharply in recent months, hovering near two-year lows … Read more
Bitcoin (BTC) mining profitability increased 2% in July as the price of the world’s largest cryptocurrency rose 7% while the network hashrate jumped 5%, investment bank Jefferies said in a research report on Friday. “We see positive BTC price momentum as most favorable for Galaxy’s (GLXY) digital assets business, while miners fight a rising network … Read more
Bitcoin (BTC) hovered near $118,348 on Sunday, up 0.39% in 24 hours, as two analysts outlined paths that could test traders’ nerves: a dip toward $108K–$112K or a drawn-out range with room for altcoins. Lark Davis argues that if bitcoin continues to slide, the most likely landing zone is $108,000–$112,000. That range served as a … Read more
Terra/Luna creator Do Kwon pleaded guilty to one charge of conspiring to commit fraud and one charge of wire fraud on Tuesday, following an earlier not guilty plea and a very lengthy extradition process. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up … Read more
Every day, there seems to be a new blockchain for stablecoins. Or at least that’s how it felt this week, when USDC (USDC) issuer Circle announced Arc, its own settlement network, shortly after payments giant Stripe accidentally revealed Tempo, built in collaboration with Paradigm. They were the latest in a growing list. Startups Plasma and … Read more
Jason Zhao, co-founder of intellectual property blockchain project Story Protocol, is stepping away from his full-time role after more than three years of building the platform. Zhao announced via a social media post that he will remain as a strategic adviser while turning his focus to a new AI initiative, Poseidon, which applies artificial intelligence … Read more
The crypto market grew 13% in value in July, fueled by a rotation from bitcoin (BTC) into altcoins, according to Binance Research’s “Monthly Market Insights” report for August. Ether (ETH) was the standout, rallying 48% as another 24 companies added the asset to their balance sheets, lifting corporate holdings by 128% to 2.7 million ETH. … Read more