CoinDesk

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

Filecoin (FIL) exhibited high volatility throughout the 24-hour trading session, registering a comprehensive 7% range, according to CoinDesk Research’s technical analysis model. The model showed that FIL hit a high of of $2.68 and a subsequent low of $2.49, during the period. FIL endured a precipitous decline commencing approximately 07:00 on Aug. 11, down markedly … Read more

Internet Computer (ICP) reversed after testing the $5.75 level in the early hours of Aug. 11, succumbing to selling pressure that drove the token down to $5.43. ICP appeared to be in a steady consolidation pattern between $5.65 and $5.67 before a rally propelled the token to its $5.75 peak. However, the momentum faded as … Read more

ATOM experienced sharp volatility over a 23-hour trading period from August 10 at 15:00 to August 11 at 14:00, swinging 6.20% between its $4.77 session high and $4.48 low. The token rallied early on August 11, climbing from $4.66 to $4.75 at 02:00 amid a surge in trading volume of 1.465 million units, establishing support … Read more

Stablecoin issuer firm Paxos has applied for a national bank trust charter with the Office of the Comptroller of the Currency (OCC), making it the latest U.S. stablecoin company to seek federal regulatory oversight. According to a Monday press release, Paxos aims to convert its New York Department of Financial Services (NYDFS) trust charter into … Read more

BONK started the week on a volatile note, with the Solana-based memecoin climbing to an August high of $0.00002841 before sliding 8%. The advance marked one of its strongest levels in recent weeks, and was met with swift institutional trading that erased much of the early gains, according to CoinDesk Research’s technical analysis data model. … Read more

BNB has been seeing turbulence over the last 24-hour period, enduring a 4% swing over the period between the $793 to $827 range, before settling just above the $800 level. The token initially moved to a peak of $827 as the rally started, with more than 146,000 tokens traded in a single hour before sellers … Read more

S&P Global Ratings assigned a B- (stable outlook) issuer credit rating to Sky Protocol, the decentralized lending platform formerly known as Maker Protocol, in a first for the decentralized finance (DeFi) industry. The Ethereum-based protocol issues the USDS stablecoin, created when borrowers post approved collateral. With a $7.1 billion market cap, USDS trails only USDT … Read more

ALT5 Sigma Corp. (ALTS) said it plans to load up on WLFI tokens in a $1.5 billion deal that will see the token of the Trump family’s crypto venture, World Liberty Financial, become a core treasury asset. The company said it will issue and sell 200 million shares, split between a direct offering and a … Read more

As Ethereum continues to power an expanding ecosystem, crypto exchange Coinbase (COIN) stands out as one of the leading public companies aligned with the blockchain, Wall Street broker Bernstein said in a research report Monday. The network’s native token ether (ETH) has rallied 80% since June 5, the report noted, catalyzed by Circle’s (CRCL) listing … Read more

Crypto exchange Bullish has raised the size of its initial public offering to $990 million from $629 million, as the company looks to take advantage of a hot market for crypto firms. CoinDesk is a subsidiary of Bullish. According to a filing with the Securities and Exchange Commission on Monday, Bullish is aiming to sell … Read more

BitMine Immersion Technology (BMNR), the bitcoin miner turned ether (ETH) treasury under Fundstrat’s Tom Lee’s leadership, said it added roughly $2 billion of tokens over the past week, bringing total holdings to near $5 billion. Bitmine’s ETH stash exceeded 1.15 million tokens as of Sunday evening, up from 833,137 the week before. BMNR shares were … 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 4119.66, up 1.0% (+40.29) since 4 p.m. ET on Friday. Seven of 20 assets are trading higher. Leaders: LINK (+8.9%) and ETH (+3.3%). Laggards: HBAR (-3.4%) and UNI (-3.3%). … Read more

Polkadot’s DOT experienced considerable volatility in the 24-hour trading period with sharp declines wiping out earlier gains, according to CoinDesk Research’s technical analysis model. The model showed that DOT plummeted 6% in a dramatic 24-hour reversal from August 10 12:00 to August 11 11:00, declining from $4.15 to $3.91 amid exceptionally robust selling volume. Polkadot … Read more

Ransomware group Embargo has pulled in at least $34.2 million in various tokens since its emergence in April 2024, according to TRM Labs. The blockchain analytics firm says the ransomware group’s infrastructure and coding overlaps suggests it may be a likely rebranding of the defunct BlackCat (ALPHV) operation. The group operates a ransomware-as-a-service model, providing … Read more

BNB Network Company, the treasury arm of CEA Industries (BNC), has announced the purchase 200,000 BNB tokens in a $160 million bet, making it the largest corporate holder of BNB. The move is part of the company’s new treasury strategy that will center exclusively on BNB, and comes after a recent $500 million private placement … Read more

Chainlink (LINK) has teamed up with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, to bring foreign exchange and precious metals pricing data to blockchain networks. The partnership adds ICE’s Consolidated Feed, a dataset sourced from over 300 exchanges and marketplaces worldwide, to Chainlink Data Streams, which serve over 2,000 on-chain … Read more

Disclaimer: The analyst who wrote this article owns shares in Strategy. Strategy (MSTR) adopted a bitcoin standard five years ago today, on Aug. 11, 2020, with its first purchase of 21,454 BTC for $250 million. The acquisition marked a historic shift in corporate treasury strategy. To that point, former AI and software development company had … Read more

Ether’s (ETH) recent rally has pushed a vast majority of its addresses into profit, a development that could slow its ascent. According to analytics firm Sentora, 97% of ether addresses are now “in-the-money.” In other words, the average acquisition costs of these addresses is lower than ether’s going market rate of $4,225. This high profitability … Read more

By Omkar Godbole (All times ET unless indicated otherwise) The current bull market is emulating a bicycle race’s paceline, where the front rider expends energy to drive forward, creating a slipstream for the riders behind before rotating to the back to rest while another rider picks up the effort. Ether (ETH) took the leader’s duties … Read more

NEAR Protocol fell 0.98% in the final hour Monday, sliding from $2.755 at 09:14 to $2.730 by 10:13 as selling pressure intensified. Attempts to reclaim $2.765 resistance failed, even after an 81,064-unit volume spike at 09:56, leaving sellers in control. Support at $2.729–$2.730 halted the drop, with consecutive zero-volume minutes into the close hinting at … Read more

Bitcoin’s (BTC) implied volatility (IV) has moved from 33 to 37 on Monday, a notable uptick from multi-year lows and a possible signal that the market’s long stretch of calm is nearing an end. The Deribit Volatility Index (DVOL), modeled after the VIX in traditional markets, tracks the 30-day implied volatility of bitcoin options and … Read more

Bitcoin (BTC) may find itself fighting gravity after a surge over the weekend took it to within striking distance of its $123,000 all-time high while leaving a gap in the price of CME futures between Friday’s closing price and Monday’s open. CME bitcoin futures, cash-settled contracts that track the price of the largest cryptocurrency, settled … Read more

Crypto market maker GSR has partnered with regulated tokenized asset exchange DigiFT to launch secondary over-the-counter (OTC) trading for tokenized real-world assets (RWAs). The move comes as the real-world asset sector has been grown to over $13.4 billion worth of assets, according to data from DeFiLlama. The bulk of that comes in the form of … Read more

Corporate America’s fears of a looming economic recession have evaporated as quickly as they emerged early this year. The number of S&P 500 companies that mentioned the word “recession” during their second-quarter earnings call dropped sharply to just 16, down sharply from 124 in the first quarter, according to data source FactSet. A recession is … Read more