CoinDesk

The price of BNB climbed more than 1.5% in the last 24 hours, managing to overcome weakness during the session to move above the $810 mark, up from a low that test its $800 support level. The cryptocurrency is now targeting the resistance level at $815 after buyers helped push its price further upward through … Read more

Over the past five days, bitcoin (BTC) has surged from $116,000 to just above $122,000 before retreating to the current $119,000. Despite this price movement, profit-taking has remained muted, averaging under $750 million per day on a year-to-date basis. For perspective, Glassnode data shows that in January daily realized profits were around $2 billion, with … Read more

President Donald Trump’s crypto adviser, Bo Hines, exited after only months on the job, and the next in line — his deputy, Patrick Witt — will apparently be shepherding the industry’s political priorities in Washington as it still seeks industry-wide regulations and the institution of a federal crypto stockpile. Witt shares a remarkably similar history … 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 4138.64, up 0.6% (+24.31) since 4 p.m. ET on Monday. Sixteen of 20 assets are trading higher. Leaders: LINK (+3.3%) and ETH (+2.1%). Laggards: LTC (-1.2%) and UNI (-0.9%). … Read more

Web3 payments infrastructure firm Transak has raised $16 million in a strategic funding round co-led by IDG Capital and Tether. The company plans to use the funds to expand its stablecoin payments stack and enter new markets. The funding round comes at a time in which the stablecoin sector has been growing exponentially. DeFiLlama data … Read more

Digital asset investment platform Grayscale has launched two new single-asset trusts providing exposure to Sui protocols DeepBook and Walrus. The Grayscale DeepBook Trust and Grayscale Walrus Trust invest solely in the native DEEP and WAL tokens, respectively. DeepBook is a decentralized central limit order book (CLOB) built on the Sui blockchain. It serves as a … Read more

BitMine Immersion Technology (BMNR), the bitcoin miner that pivoted to an ether (ETH) treasury strategy under Fundstrat’s Thomas Lee’s leadership, is doubling down on its stock sale program, aiming to raise up to $20 billion more buy more ETH. The company had previously authorized $4.5 billion in stock sales through agreements with Cantor Fitzgerald and … Read more

U.S. inflation data for July came in mixed, with headline numbers better than forecast, but the core rate rising faster than expected. The July U.S. Consumer Price Index rose 0.2%, according to the Bureau of Labor Statistics. Economist forecasts had been for 0.2% and June’s pace was 0.3%. On a year-over-year basis, CPI was higher … Read more

Qubic, a project led by former IOTA co-founder Sergey Ivancheglo, says it has secured more than 51% of Monero’s global hashrate, a milestone that, if true, gives it the ability to reorganize blocks, censor transactions, and attempt double-spends on the privacy-focused blockchain. Ivancheglo framed the move as a stress test to help the Monero community … Read more

Digital Asset and a group of major financial firms have executed the first real-time, fully on-chain financing of U.S. Treasuries against USDC on the Canton Network. The repo trade, carried out on Tradeweb, settled atomically on a Saturday, sidestepping the weekday-only limitations of traditional settlement systems, according to a press release shared with CoinDesk on … Read more

Circle (CRCL) reported a second-quarter net loss even as circulation of the second-largest stablecoin, USDC, almost doubled from the year-earlier period and on-chain transaction volume more than quintupled to $5.9 trillion. The company also said it is developing a layer-1 blockchain “designed to provide an enterprise-grade foundation for stablecoin payments, FX, and capital markets applications.” … Read more

The T3 Financial Crime Unit, a joint initiative by Tron, Tether, and blockchain analytics firm TRM Labs, has now frozen over $250 million worth of criminal assets less than a year after its launch. “Freezing over $250 million in illicit assets in less than a year is a powerful testament to what’s possible when the … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Well, it’s that time of the month when the market holds its breath for the latest U.S. inflation figures, which set the tone for the Fed’s interest-rate policy. Bloomberg’s consensus estimates indicate the July figure, due at 8:30 a.m., is likely to show an increase in … Read more

The global crypto market cap rose 2% in the past 24 hours to $4.03 trillion as major cryptocurrencies posted gains. Bitcoin (BTC) added 2.3% to $118,527, ether rose 0.7% to $4,293. Solana and XRP each advanced 4.4% while Dogecoin gained 4.7%. The rallies came alongside heavy short liquidations, with risk sentiment improving after a relatively … Read more

Metaplanet (3350) said it bought another 518 bitcoin (BTC) as part of its Bitcoin Treasury Operations. The purchase was made at an average price of $118,519 per bitcoin, bringing the total purchase value to about $61 million, the Tokyo-based investment company said in a post on X. The company, holder of the sixth-largest corporate stash … Read more

Stripe is building a new blockchain dubbed Tempo with crypto venture firm Paradigm, according to a now-removed job posting dated Aug. 3 on the Blockchain Association website. The role sought a product marketer with Fortune 500 experience, signaling an enterprise push, according to Fortune. The move coincides with the development of other stablecoin-focused blockchains. These … Read more

U.S.-listed ether (ETH) exchange-traded funds (ETFs) surpassed $1 billion in daily inflows for the first time on Monday as the second-largest cryptocurrency hit its highest price for over three and a half years. The nine ETFs comfortably surpassed the previous daily high of $726.74 million from July 17, according to data tracked by SoSoValue. BlackRock’s … Read more

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The bitcoin (BTC) rally has stalled, raising the possibility of a potentially bearish technical formation: a double top. A close examination of the daily chart reveals that bulls failed to sustain a rally above the key Fibonacci level of $122,056 on … Read more

Bitcoin (BTC) traders are seeking downside protection ahead of the U.S. inflation data, which is expected to show President Donald Trump’s trade tariffs are starting to affect consumer prices. The report, due at 12:30 UTC, is expected to show that the headline consumer price index (CPI) increased 2.8% year-on-year in July, up from a 2.7% … Read more

Crypto markets extended gains into Tuesday’s U.S. inflation print, with bitcoin (BTC) holding above $118,000 after a 2.2% daily rise and ether (ETH) steady at $4,300, capping a 17.2% weekly surge that has it closing in on its $4,800 record. Gains were broad across majors as XRP (XRP) climbed 3.2% to above $3.16, Solana’s SOL … Read more

Technical Analysis Overview DOGE falls 6.88% in the 24-hour period ending August 12, dropping from $0.24 to $0.22 as sellers overwhelm bid-side liquidity. The heaviest pressure hits at 07:00 on August 11, with price sliding from $0.238 to $0.233 on 485.69M volume — 31% above the daily average of 371.45M. This establishes $0.238 as a … Read more

Technical Analysis Overview XRP drops 2% in the 24-hour period ending August 12, sliding from $3.19 to $3.14 after touching an intraday peak of $3.32 at 08:00. The move comes after two days of double-digit gains on regulatory clarity, with selling pressure concentrated in the 19:00 hour — a $3.20 to $3.15 drop on 73.87 … 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 staged a sharp recovery over the past week, rebounding from … Read more

Bitcoin’s (BTC) overnight push towards fresh records met with profit-taking on Monday, knocking prices down to $118,500. The pullback left bitcoin 2.8% off its session high of $122,200, though the largest crypto remained up 0.4% over the past 24 hours. Ether held above $4,200, modestly up 0.8% during the same period, while major altcoins Solana’s … Read more

Nasdaq-listed Safety Shot (SHOT) has taken a 10% revenue stake in Bonk.fun, among the largest memecoin launchpads on Solana. As part of a deal, Safety Shot will receive $25 million worth of BONK (BONK) for its treasury, aligning the public company directly with the platform’s growth. Bonk.fun generated over $35 million in user fees in … Read more

Terraform Labs founder Do Kwon may change his “not guilty” plea in federal court tomorrow, a judge said Monday. District Judge Paul Engelmayer, of the Southern District of New York, scheduled a hearing for Tuesday morning in an order saying he had been “advised that the defendant may enter a change of plea.” Kwon previously … Read more

Sui’s (SUI) price plunged 4% over the past 24 hours after experiencing substantial market volatility overnight, CoinDesk Analytics data shows. The token’s price fluctuated $0.28, or approximately 7%, between session highs of $3.98 and lows of $3.69. The digital asset initially demonstrated strength, advancing from $3.88 to $3.98 with institutional volume exceeding 18 million units, … Read more

Ethereum’s transaction volume has been overall on an upward trajectory, closing in its all time high of 1.9 million transactions in a single day in January 2024. The latest surge is drawing attention from both retail traders and institutional observers, as it reflects a confluence of technical improvements, favorable market sentiment, and a renewed appetite … Read more

FG Nexus, the digital assets arm of Fundamental Global Inc., has acquired 47,331 ETH worth roughly $200 million at $4,228.40 per token as part of an aggressive strategy to become one of the world’s largest corporate holders of ether. The Charlotte, North Carolina-based company formally kicked off its accumulation plan on July 30 with a … Read more

Video sharing platform Rumble (RUM) gained on Monday on plans to acquire cloud computing firm Northern Data in an all-stock deal, which would see the two firms stablecoin issuer Tether (USDT) invested in merging into one. If the deal proceeds, Rumble would give 2.319 newly-issued shares for each Northern Data share. Northern Data shareholders would … Read more