CoinDesk

Dogecoin surged over 7% in the past 24 hours, fueled by more than $200 million in whale purchases and a sharp uptick in derivatives positioning. The memecoin broke through the $0.25 resistance level, triggering a volume-led breakout and sending futures open interest above $3 billion. Large-holder ownership now sits just shy of 50%, underscoring growing … Read more

Since mid-July, bitcoin’s (BTC) ascent has slowed above $120,000. Prices hit a new high of $124,157 early Thursday but have since pulled back to $123,000, lacking momentum. This raises a question: who is cashing out of bitcoin and adding selling pressure to the market? According to observers, the answer lies in blockchain data, which shows … Read more

Crypto exchange Coinbase lost roughly $300,000 in token fees after a misconfigured interaction with decentralized exchange protocol 0x’s “swapper” contract allowed MEV bots to siphon funds from one of its corporate wallets. Coinbase’s chief security officer Philip Martin confirmed the mishap and called it an “an isolated issue” tied to a change in one of … Read more

XRP extended its bullish run in the 24-hour session from August 13 at 04:00 to August 14 at 03:00, climbing from $3.24 to $3.33 for a 3.10% gain. Price action carved out a $0.14 corridor between $3.20 and $3.34, reflecting 4.20% volatility amid pronounced institutional buying. The most aggressive move came at 13:00 when XRP … Read more

Bitcoin (BTC) surged past its previous record on Wednesday, rallying in tandem with U.S. equities as investors continued piled into risk assets ahead of key macro catalysts. BTC rose above $124,000 in early Asia trading on Thursday, topping the July 14 high of $123,205, before seeing slight profit taking. The move came as the S&P … 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. South Korea’s decision to shelve its central bank digital currency pilot … Read more

Bitcoin (BTC) has mounted another attempt for a fresh all-time record climbing near $123,000, a four-week high during the Wednesday U.S. session. Two previous attempts, spiking to $122,300 on Monday and topping $123,000 on July 14, were met with heavy selling, knocking down prices intraday below $120,000 on both occasions. Ethereum’s ether (ETH) was also … Read more

Donald Trump’s dismissal two weeks ago Bureau of Labor Statistics Commissioner Erika McEntarfer and nomination of EJ Antoni as her replacement is generating plenty of “inside baseball” chatter among the political class. But did the president — as uncouth and ham-handed as his methods are — stumble upon a truth that was hiding in plain … Read more

MetaMask, the cryptocurrency wallet that grew to popularity within the Ethereum blockchain ecosystem, is likely to unveil details of its own custom U.S. dollar-pegged stablecoin shortly, potentially as soon as this week, according to a person familiar with the matter. The MetaMask stablecoin (mUSD) was already reported to be in the works thanks to a … Read more

Filecoin (FIL) posted a 3.7% surge during the 24-hour trading session, rising from $2.61 to $2.71 alongside institutional accumulation signals, according to CoinDesk Research’s technical analysis model. The model showed that trading volume exploded above 7 million during peak trading hours, substantially outpacing the daily average of 3.47 million as market participants protected the $2.60 … Read more

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: OKX Slashes OKB Token Supply by 50% With $7.6B Burn, Price Surges ETH Transaction Volume Climbs on Price Rally, Cheaper DeFi Costs Weaponized Trading Bots Drain $1M From … Read more

Shares of crypto exchange Bullish (BLSH) soared to $102 in initial trades on Wednesday, their first day of action on the New York Stock Exchange. The company priced its initial public offering (IPO) at $37 per share, above the expected $32 to $33 range. That price valued the Cayman Island-based crypto exchange at a total … Read more

NEAR Protocol experienced strong upward momentum between 12 August 16:00 and 13 August 15:00, climbing from $2.75 to $2.91 for a 5.82% gain on trading volumes exceeding $7.6 million. Institutional inflows played a key role, with the cryptocurrency breaking multiple resistance levels and establishing firm support at $2.76. Volume spikes during breakout phases surpassed twice … Read more

Tokenization has significant potential to transform capital markets, promising real-time settlement, broader investor access and greater programmability across financial infrastructure. But while the rails are evolving, current models for tokenized equities remain fragmented, opaque and misaligned with the safeguards that define the traditional securities markets. Today, two dominant approaches exist: The wrapper model involves tokenized … Read more

On August 7, the White House released an executive order directing the Labor Department, which regulates retirement investing, to accelerate access to alternative investments in employer-sponsored defined contribution (DC) retirement plans, such as 401k’s. Alternative investments were defined to include private market investments, real estate, commodities, infrastructure projects, lifetime income strategies — and notably, “holdings … Read more

Decentralized exchange (DEX) volumes on Ethereum have leapfrogged Solana for the first time since April after a swift shift in sentiment away from Solana-based memecoins and towards ether ETH amid a wave of institutional activity. Over the past 48 hours Ethereum-based DEXs have facilitated $24.5 billion in trading volume compared to Solana’s tally of $10 … Read more

BONK posted one of its most significant intraday rallies in recent weeks, climbing 10% from $0.000025 to $0.000027 during the 24-hour period from Aug. 12 at 13:00 UTC to Aug. 13 at 12:00 UTC.. The Solana-based meme token traded in a $0.000031 range, representing 13% volatility, as traders capitalized on short-term momentum, according to CoinDesk … Read more

BNB climbed more thane than 4% in the past 24-hour period on a wider cryptocurrency market rally to breach the $850 mark and near its all-time high at $860. The token rose from $813.90 to its high during the session, breaking through key resistance points at $839.57 and $853.67 before meeting selling pressure near the … Read more

Technical Analysis Overview XRP gains 2.81% in the 24-hour period ending August 13 14:00, moving from $3.20 to $3.29 within a $0.13 range (3.89% volatility). The advance peaks at $3.33 at 13:00 on 193.90M volume — more than double the daily average of 81.50M — marking heavy institutional participation. The late-session window from 13:07–14:06 sees … Read more

Meme coin pushes through resistance on billion-token accumulation before late-session pullback trims highs. Technical Analysis Overview DOGE climbs 6.5% in the 23-hour period ending August 13 14:00, advancing from $0.23 to $0.24 in a $0.02 range (9.58% volatility). Early trade confirms $0.23 as key support on above-average volume, while mid-session strength between 07:00-08:00 sends price … 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 4372.28, up 2.5% (+106.92) since 4 p.m. ET on Tuesday. Nineteen of 20 assets are trading higher. Leaders: UNI (+6.5%) and SOL (+6.4%). Laggards: BCH (-1.9%) and XLM (+0.2%). … Read more

Sapien Foundation, the governing body behind the decentralized data foundry for artificial intelligence protocol Sapien AI, said it will generate and distribute tokens for the first time on Aug. 20. The token generation event (TGE) for SAPIEN will take place on Coinbase’s layer-2 blockchain, Base. The tokens will power the protocol’s decentralized data foundry, which … Read more

Sentient, a New York-based artificial intelligence company, has introduced The GRID, an open-source network designed for building and monetizing artificial general intelligence (AGI) systems. The company says the platform is aimed at providing a decentralized alternative to closed AI marketplaces from firms such as OpenAI. Developers can plug in their AI agents, models, or tools … Read more

Ether (ETH) has been on a big run of late, but it’s just getting started, according to Standard Chartered’s Geoff Kendrick. Citing surging institutional demand, favorable regulation, and network upgrades, Kendrick lifted his year-end price target for ETH to $7,500 from $4,000 and his end-2028 target to $25,000 from $7,500. Up more than 50% over … Read more

ATOM saw an 8% surge from $4.49 to $4.84 between 12 August 11:00 and 13 August 10:00, supported by heavy trading volume of over 2 million units, signalling strong institutional interest. The bullish momentum persisted in the final hour of trading, peaking at $4.85 before consolidating to $4.83, with significant volume confirmation reinforcing the breakout … Read more

Stripe has appointed Matt Huang, co-founder and managing partner of crypto venture firm Paradigm, as the chief executive officer of its upcoming blockchain Tempo. Huang, who already sits on Stripe’s board, will retain his position at Paradigm. That’s according to Fortune, citing sources familiar with the project. The move aligns with a growing trend of … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Two years ago, I posted on X that the new normal for U.S. inflation in the post-COVID world is much higher than the Federal Reserve’s 2% target. The market’s reaction to Tuesday’s hotter-than-expected U.S. core CPI report suggests a growing number of investors now share that … Read more

Tokyo-based investment firm Metaplanet (3350) has unveiled two major strategic initiatives aimed at deepening its integration of bitcoin (BTC). The announcements came as the company posted strong second-quarter results, with revenue climbing 41% quarter-over-quarter to 1.239 billion yen ($8.4 million) and net income swinging to a 11.1 billion yen ($75.1 million) profit from a 5.0 … Read more

Hackers drained 58.2 bitcoin (BTC), worth about $7 million, from memecoin launchpad Odin.fun in a sophisticated liquidity manipulation exploit that is being linked to China-based hacking groups. The attack targeted the Bitcoin-based memecoin launchpad’s automated liquidity market-making system, which co-founder Bob Bodily later described as having a critical vulnerability. Blockchain data shows the platform’s bitcoin … Read more

The crypto market was a sea of green early Wednesday, with altcoins including OKB, PUMP, BNSOL, JITOSOL and SOL chalking out double-digit gains alongside ether’s rapid surge toward record highs. “Bitcoin rose by a modest 0.4% during the day and remains 2% below the levels of 30 days ago — clear evidence of the market’s … Read more